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Citigroup Earnings: Lower Loan Loss Provisions a Good Sign?Oct 16, 2009
Citigroup socked away less cash to cover loan losses than analyst expected last quarter. But why?
Normally such a decision can be interpreted as a sign of improving credit...
Citigroup Shares: Hey, Where’d All The Volume Go?Oct 9, 2009
Remember when Citigroup was racking up billion-plus volume days on the regular? Well, trading has quieted down a lot.
In August, the average daily NYSE Composite volume for Citigroup averaged...
As Gold Briefly Touches $1,060, a Moment of ReflectionOct 8, 2009
Gold stretched higher early Thursday afternoon, with futures prices briefly touching $1,060 an ounce. The conventional wisdom on Wall Street is that gold’s run higher is fueled by some...
September Jobs Report: Why The Tape Doesn’t Like ItOct 2, 2009
The September jobs report isn’t pleasing the stock market. S&P futures saw a steep fall following the 8:30 a.m. release. The Journal reports:
Nonfarm payrolls declined by 263,000 in September,...
Goldman Cuts Forecast for Payrolls Report, Stocks Dive to CloseOct 1, 2009
Near as we can tell, the late day sell-off started gaining steam after Goldman Sachs issued a somewhat gloomy note cutting its outlook for tomorrow’s all-important payrolls report. Here’s...
Data Points: Energy & MetalsDec 24, 2009
Nymex crude for February delivery gained $3.63 per barrel this week, or 4.88% to $78.05.
Today, it is up $1.38, or 1.80%.
Comex gold for December delivery lost $6.70 per troy ounce this week, or 0.60% to $1104.10.
Down $70.10 or 5.97% over the past...
Data Points: U.S. MarketsDec 24, 2009
Dow Industrials, up 191.21 points this week, or 1.85% to 10520.10.
Best week since the week ending Friday, November 13, 2009.
Today, it is up 53.66 points, or 0.51%.
Today’s top contributors to the Dow’s movement and their point contribution: UTX...
Data Points: Asia & EuropeDec 24, 2009
Nikkei Stock Average, up 158.89 points, or 1.53% to 10536.92.
Up 394.87 points, or 3.89%, over the last three trading days.
Shanghai Composite, up 79.63 points, or 2.59% to 3153.41.
Up 102.89 points, or 3.37%, over the last two trading days.
FTSE...
NY Fed: Home Ownership May Fall SharplyDec 24, 2009
The homeownership rate may drop sharply in the next few years, a new paper from the Federal Reserve Bank of New York suggests. After peaking at 69% in 2006, it’s fallen to 67.3%, where it was in 2000. But the authors configure a “homeownership gap,”...
Light Trading in Last Weeks of the YearDec 24, 2009
Stock trading is lighter this week than this week last year. Some traders surmise taking a vacation last year was hard on the wallet and something of a faux pas, but is less a source of embarrassment now.
Another theory is that the market’s...
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