Latest News in Stock Market and Investments – Aug 02, 2010
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Stocks start August with a bang
Stocks added to early gains Monday after upbeat economic data added to optimism about strong bank earnings in Europe.
Oil surges through $80 a barrel
Oil prices surged past the $80-a-barrel mark Monday to their highest level in three months, as investors regained confidence in the global economic recovery.
Treasurys slip on world market gains
Treasurys fell Monday morning after after strong earnings in the global banking sector led to world stock market gains and boosted investors’ appetite for risk.
Bulls brace for earnings hangover
After a big rally in July, investors could be in for another bout of economic jitters this week as the focus shifts from earnings to the weak job market.
The stock debut of Tesla Motors in late June sparked memories of the initial-public-offering mania of a decade ago. As the share sale for the electric-car maker (which is at least two years from profitability) approached, excitement mounted, and the underwriters raised the price to $17, from an expected range of $14 to $16. Demand was so intense that the stock opened at $19 and spiked as high as $30 within a day. The shares promptly tumbled below $15 before settling around $20 in late July.
Stocks: Best monthly gain in a year
Despite a mixed performance on Friday, stocks booked the best monthly gain in a year, with the Dow Jones industrial average and S&P 500 both rising nearly 7% in July.
A weaker-than-expected government report on the economy sent investors flocking back into Treasurys Friday, pushing the prices up on U.S. debt and driving yields down.
Consumers not spending like drunken sailors
The economy is heading nowhere fast. That’s the bad news. But the good news is that it still seems like consumers may have actually learned a lesson or two about reckless fiscal behavior.
Stocks slid Thursday, although they finished off their session lows, as investors weighed cautious comments from a regional Federal Reserve president about the health of the economy and a mix of quarterly profit reports.
The SEC still needs to escape regulatory capture. Here’s how.
It’s a natural human tendency to rely on the opinions of friends. We all do it, but, given the right circumstances, that impulse can endanger anything from interpersonal relationships to world economies.
Stocks fell Wednesday as a worse-than-expected report on durable goods orders and weaker quarterly results from Boeing and others added to concerns about the pace of the economic recovery.
Dollar sinks on recovery doubts
The dollar continued to slide this week, hovering near monthly lows versus major currencies as worries about an economic slowdown weighed on investors.
Oil prices drifted lower this week, edging off last week’s 11-week high above $79 a barrel. But trading remained rangebound as investors balanced strong corporate earnings against ongoing jitters over the economic recovery.
Stocks: Earnings help, economy hurts
Stocks churned Tuesday, losing steam after a three-session run, after a big drop in consumer confidence offset better-than-expected profit growth from DuPont, UBS and others.
Stocks rally on housing, FedEx
Stocks rallied Monday after FedEx’s improved forecast and a better-than-expected housing market report tempered worries about the economic outlook.
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August 02 2010 09:00 am | Stock Market News

