Reuters - Stocks fell sharply on Friday with the
Dow closing below 12,000 for the first time since mid-March as
rising oil prices and warnings of more mortgage-related
write-downs at banks reignited investor fears of worse to come.
Investor's Business Daily - For years, Walter Schubert presented a consistent image of himself on the trading floor of the New York Stock Exchange -- cool and tough. Some dubbed the floor of the NYSE "the club," as if it were a sports team or a combat unit. -- read full article
AP - Japanese stocks fell Friday on renewed worries over the health of the U.S. financial sector and its impact on the economy at home. -- read full article
BusinessWeek Online - They're the bespoke suits of the investment world -- financial products that can be designed to meet almost any investing goal. They don't look so fancy at first glance. They're bonds, basically, backed by a bank. It's the financial accoutrements layered on that basic frame that distinguish these products and lead to their name: structured notes. I Most of these products share a common foundation in pairing a Treasury or corporate bond with an options contract; the option bets on the direction of a stock or stock index over time. ... -- read full article
AFP - Europe's main stock markets dropped Friday, with London hit by losses to heavyweight banks after share prices fell further in Japan, traders said.
Reuters - Shares of General Motors Corp
and Ford Motor Co plummeted after credit ratings agency
Standard & Poor's said it may cut the U.S. automakers' ratings.
Reuters - Stocks extended their losses on Friday
after Standard and Poor's said it may cut the credit rating of
the Big Three automakers, compounding banking-related jitters
also driving the market lower.
Reuters - The Toronto Stock Exchange's main index
slid on Friday, losing more than 100 points, as resource shares
retreated and the financial sector weighed. -- read full article
AP - Stocks tumbled Friday on escalating worries about the financial sector and rebounding oil prices. The major indexes fell more than 1 percent, with the Dow Jones industrials dropping more than 200 points.
Reuters - U.S. stocks rose on Thursday as a drop
in oil prices fueled investor optimism about consumer spending,
driving shares of transportation and retailers sharply higher.
AP - Stocks ended a back-and-forth session with a modest advance Thursday as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy. Oil fell nearly $5 per barrel after China announced plans to raise caps on gasoline and diesel fuel prices, a move that could ease global demand. -- read full article
AP - Stocks ended a back-and-forth session with modest advances Thursday as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy.
AFP - European stock markets held steady on Thursday after heavy falls across Asia and on Wall Street that were triggered by fresh jitters about soaring oil prices and the global credit crunch, dealers said.
Reuters - The Nasdaq rose on Thursday as top
technology companies and other exporters benefited from
tumbling oil prices, seen as easing strains on global economic
growth.
