Posts Tagged ‘economic news’

Spring Rally Has Reached Completion

Tuesday, April 14, 2009 17:35 9 Comments

What a wild ride these past few weeks have been. Only a month or so ago the Dow Jones Industrial Average traded down to 6,500 amid an onslaught of catastrophic economic news. The market has since rallied 25% from its low with insolvent banks such as Citigroup and Bank of America quadrupling in value. Jim [...]

This was posted under category: Dow Jones Industrial Average, Economy, NASDAQ, Nouriel Roubini, S&P 500 Index, Stock Market Tags: , , , , , , , , , , , , , , , ,

Russian Stock Market Collapses; Trading Halted

Tuesday, February 17, 2009 11:17 4 Comments

The Russian stock market collapsed today, causing the RTS and the Micex stock exchanges to suspend trading for one hour at 4:05 p.m. Moscow time.  The RTS stock index, which is denominated in US dollar,  plunged 9.4%, while the ruble-denominated Micex stock index fell 9.6%. The decline in Russia followed a tumble in oil prices, [...]

This was posted under category: ETF, Economy, Oil, Russia Tags: , , , , , , , , , , ,
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