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23 Jan 2009 | 15:58 Asian Markets retracts sharply Stock markets in the Asian region retracted sharply by closing last day of the week on lower side aggregating the weekly losses. Markets across the region were haunted by the negative cues overnight from Wall Street accompanied by the disappointing corporate earnings results and dismal economic data that pointed to a deepening global recession dragged stocks lower. On the Wall Street, the Dow Jones Industrial Average ended lower by 106 points at 8,122, the Nasdaq closed lower by 42 points at 1,465 and the S&P 500 closed lower by 13 points at 827.5 on Thursday, 22 January 2009. In the commodity market, crude oil fell after U.S. stockpiles rose more than four times forecast last week, raising concern of an oversupply as the global recession deepened. Supplies of crude oil in the U.S. rose 6.1 million barrels to 332.7 million last weeks, the highest since August 2007, the En...

26 Jan 2009 | 07:39 Losses despite a historic week at USA The historic week at Wall Street ended with losses at Wall Street on Friday, 23 January, 2008. Barack Obama was sworn in as the 44th President of USA. Disappointing earning reports and news of job cuts continued to rattle market. Only exception was IBM. In addition there was a slew of banking industry earnings reports that contained sharp increases to loan loss reserves. The Dow Jones Industrial Average lost 203.96 points (2.5%) for the week to end at 8,077.22. Tech - heavy Nasdaq lost 52.26 points (3.4%) to end at 1,477. S&P 500 lost 18.23 points (2.1%) to end at 831.95. During the week, a disappointing earnings report from Microsoft and failure to give guidance for next year coupled with news of 5,000 layoffs rattled market sentiments. On the contrary, better-than expected earnings reports from IBM and Apple proved that good earnings news these da...

26 Jan 2009 | 16:23 Asian markets ends flat in holiday thin trading Most of the stock markets in Asian region were closed on the account of Lunar New Year Holiday. However, of the remaining Japanese and New Zealand market followed the lower Wall Street closing registered on Friday. On the Wall Street, the Dow Jones Industrial Average ended lower by 45.24 points, or 0.56%, to 8077.56. The broad Standard & Poor's 500 index rose 4.45, or 0.54%, to 831.95 and the Nasdaq Composite gained 11.80, or 0.81%, to 1477.29 on Friday, 23 January 2009. In the commodity market, crude oil fell from a two-week high on speculation recession in the world's largest economies will curtail demand for fuel and energy. Crude oil for March delivery fell as much as $1.22, or 2.6%, to $45.25 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $45.63 at 8:44 a.m. London time. The contract rose 6.4% to $46...

27 Jan 2009 | 09:27 Wall Street continues to deal with more layoffs Stocks at Wall Street managed a steady end with some modest gains on Monday, 26 January, 2009, paring most of their earlier gains. Job cut news was the hot topic in Wall Street today with more than 50,000 layoffs announced in one single day, today. Reports of an increase in sales prices of homes in December, 2008 tried to inject some enthusiasm in the US stocks today. The report of Pfizer acquiring Wyeth for a whopping $68 billion deal also acted as a positive catalyst. After being up by more than 140 points earlier during the day, The Dow Jones Industrial Average ended higher by 38 points at 8,116, the Nasdaq closed higher by 12 points at 1,489 and the S&P 500 closed higher by 4.6 points at 836. Dow had slipped in the red for a very brief period of time. Nine out of thirty Dow stocks ended in the red today led by Caterpillar and GM. It wa...

27 Jan 2009 | 16:08 Asian Markets Rejoice A Recovery Stock markets in Asian region closed sharply higher on Tuesday, 27 January 2009, led bya nearly 5% gain in the Nikkei average as exporters benefited as the yen weakened andafter Japan said it may use public funds to help companies hurt by the financial crisis. On Wall Street, after being up by more than 140 points earlier during the day, the DowJones Industrial Average ended higher by 38 points at 8,116, the Nasdaq closed higher by12 points at 1,489 and the S&P 500 closed higher by 4.6 points at 836. Dow had slippedin the red for a very brief period of time. In the commodity market, crude oil gained after the U.S. currency retreated against theeuro, spurring investor demand for dollar-priced commodities. Crude oil for March delivery rose as much as $1.42, or 3.1 percent, to $47.15 a barrel inelectronic trading on the New York Mercantile Exchange. The contrac...

28 Jan 2009 | 09:31 Modest gains at Wall Street stocks at Wall Street managed a steady end with some modest gains on Tuesday, 27 January, 2009. Though stocks dealt with a couple of worse thane expected earning reports since morning, the indices have managed to stay in the green for the entire session. Crude prices dropped drastically today. After being up by more than 80 points earlier during the day, The Dow Jones Industrial Average ended higher by 58 points at 8,174, the Nasdaq closed higher by 15 points at 1,504 and the S&P 500 closed higher by 9 points at 845. While the financial and technology sectors led today, consumer discretionary and telecom sectors were the laggards for the day. In the earning arena today, Dow component Verizon met expectations. Market is looking forward to AT&T's quarterly report tomorrow. American Express reported better than feared earnings and the company reported th...

28 Jan 2009 | 16:15 Asian Markets Continues Celebration Stock markets in the Asian region closed higher for the second consecutive session on Wednesday 28 January 2009, as investors shrugged off poor corporate data and bought financials and technology stocks on expectations that credit markets will improve as governments across the world increase stimulus measures and drive down interest rates. Most of the regional indices hurry up to catch the regional rally which followed the Wall Street overnight gain. On Wall Street, U.S. stocks closed Tuesday's trading notably above the unchanged line, although off their highs for the session. Earnings results from American Express, U.S. Steel and others that managed to post profits despite a recession-helped lift the markets. The Dow closed up 58.70 points or 0.7 percent at 8,174.73, the Nasdaq closed up 15.44 points or 1 percent at 1,504.90 and the S&P 500 closed up 9.14 points...