A relatively healthy local economy has drawn the attention of The Wall Street Journal. In a story Monday, Journal writer Dan Fitzpatrick said the city’s consumer lending has increased more than 13 percent per household. He cites figures provided by Moody’s Economy.com and Equifax Inc.
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Wall Street kept to its predictable playbook today: traders/investors/speculators cashed on the week’s big run-up to book some short-term profits. Still, the major indices marked their third straight positive week. The Dow Jones dumped 1.87% (148.38 points) to close at 7,776.18. For the week it was up 6.8%. The S&P 500 lost 2% (16.92 points) to end the day at 815.94. It was up 6.2% for the week. …
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March 27 (Reuters) - The following were the top stories in The Wall Street Journal on Friday. Reuters has not verified these stories and does not vouch for their accuracy. * Treasury Secretary Timothy Geithner called on lawmakers Thursday to enact the most comprehensive changes to financial-market regulation since the New Deal, prompting hedge funds and others in the cross hairs to start hunting …
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Another winning day for Wall Street bulls. The “bear market rally” pushed the S&P 500 to its best month in 35 years and the Nasdaq crossed into positive territory as 2009’s first quarter is about to end. Expect some profit taking down the road. The Dow Jones added 2.25% (174.75 points) to close at 7,924.56; the S&P 500 gained 2.33% (18.98 points) to 832.86; the Nasdaq jumped 3.8% (58.05 points) …
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