The most widely accepted definition of a bear market in stocks is a fall in an index of at least 20 per cent. So, in spite of the turmoil in equities since April, neither the UK nor the US has yet entered bear-market territory by this definition ...
Retail stocks generally lose ground, again mirroring the broader equities market, although April s sales results give Walgreen shares an early boost ...
European markets were pushed higher by oil stocks Tuesday after BP's third-quarter results beat analysts' expectations. Asian indexes closed lower, following losses on Wall Street the previous day amid fears that equities have become overvalued ...
Merriam-Webster defines “stampede” as “a wild headlong rush or flight of frightened animals.” A biological response by which herd animals avoid predators, the cruel irony of a stampede is that, regardless if it’s wild horses, wildebeests, or human beings, those running the fastest within the fray are often those most likely to end up getting hurt ... And while it’s more difficult to see a stampede in the investment world than out on the range, recent data regarding mutual fund flows
Skeptics of the market’s steep rally are pointing to negative indicators such as the rising unemployment rate as evidence that the market is over-extended. But unemployment numbers tend to lag an economic recovery, these brokerages say, and other indicators suggest the economy is actually gaining steam ... Who’s Talking : Liz Ann Sonders, Chief Investment Strategist, Charles Schwab ... The Gist : Key economic indicators will continue to deliver better-than-expected results, which could
Market Wrap-Up ... Stocks closed down Friday, with energy prices and a broad slide in equities weighing on many exchange-traded funds, even as top-line growth brightened earnings reports ... The Dow Jones Industrial Average dropped 108 points to 9972. The Nasdaq finished down 11 at 2154, and the S&P 500 ended down 13 at 1080 ... Microsoft (MSFT) reported an 18% drop in fiscal first-quarter earnings, but the results easily topped forecasts and the software giant's stock surged ... Honeywell
Every career has its share of days you never forget. There are the early memories, such as getting that first paycheck, and milestones like scoring the big promotion or the morning you finally moved into the corner office. But for many people, there's one special day that stands head and shoulders above the rest: the last ... Whether it's marked by a year, an age or even a specific date, the promise of that first day of retirement is the beacon that guides people through the often daunting
If you haven't already considered switching to a prepaid cellphone plan, here's some news: the option is growing as alternative to traditional plans -- and now it's getting a major boost from a retail giant ... Prepaid cellphone plans, which allow users to pay for service as needed and without signing a contract, have been growing rapidly and supplanting other mobile services ... The plans are attracting new users and luring many cost-conscious consumers with traditional plans to opt out of
MOHAMED EL-ERIAN, THE CHIEF EXECUTIVE OF PIMCO and its co-chief investment officer, has predicted that the U.S. economy will be moving into a sluggish "new normal" stage when the recession ends. That stage will be marked by annual gross domestic product growth of no more than 3%, stubbornly high unemployment and more government intervention than was the norm before the financial-sector eruption and meltdown ... Pimco, known formally as Pacific Investment Management Co., has created a mutual