ADVERTISEMENT
The Dow Jones industrial average dropped more than 360 points Friday - the 20th anniversary of the Black Monday crash - as lackluster corporate earnings, renewed credit concerns and rising oil prices spooked investors. ...more
October 20, 2007
'We who are about to die salute you.' A wary Art Cashin heard this phrase in its original Latin - morituri te salutamus - from a fellow trader and student of the classics early on a day 20 years ago that would earn the ignoble title Black Monday and serve as a lesson about the fragility of rising stock markets. ...more
October 19, 2007
Wall Street began the fourth quarter with a huge rally Monday, sending the Dow Jones industrial average above 14,000 and well into record territory for the first time in 2 1/2 months. Stocks were buoyed by a growing belief that the worst of the credit crisis has passed. ...more
October 2, 2007
Stocks extended their gains Thursday with a moderate advance as investors weighed fresh economic data, including a sharp drop in new home sales, for clues to whether more interest rate cuts are in the offing. ...more
September 28, 2007
Stocks rose soundly Wednesday after word that some of the problems dogging big companies such as General Motors Corp. and Bear Stearns Cos. could be on the mend. ...more
September 27, 2007
The default rate on U.S. mortgages is stabilizing, an American housing official said Monday, adding she didn't expect last week's cut in U.S. interest rates to significantly affect the number of defaults. ...more
September 25, 2007
Stocks rose soundly Friday, capping a strong week for Wall Street, as investors drew confidence from strong results at Oracle Corp. and a continued sense lower interest rates should help bolster the economy. ...more
September 22, 2007
In a bold strike, the Federal Reserve slashed a key interest rate by a half point Tuesday - the first cut in more than four years - and left the door open to further relief to prevent a painful housing slump and jarring credit crunch from driving the country into recession. ...more
September 18, 2007
Wall Street fell moderately Monday as investors anxiously awaited the Federal Reserve's impending decision on interest rates. ...more
September 18, 2007
Stocks advanced solidly Thursday, led by strong gains among the blue chips and mortgage lender Countrywide Financial Corp., which signaled a possible thawing in the credit markets with the announcement it had lined up additional financing. ...more
September 14, 2007
ADVERTISEMENT
Advertisement
TBO.com - Tampa Bay Online ©2009 Media General Communications Holdings, LLC. A Media General company. Member Agreement | Privacy Statement | Work With Us