| 2007 |
Dow |
Nasdaq |
S&P 500 |
|
| Dec 31 |
+6.43%
in 2007 |
+9.81%
in 2007 |
+3.53%
in 2007 |
U.S. indices finished up for the year. Dow closed at 13,264.82, Nasdaq 2,652.28, and S&P500 1,378.55
|
| Dec 21 |
+1.55% |
+1.94% |
+1.67% |
Stocks jumped on a better-than-expected rise in profits at Research in Motion
(RIMM), and on word that Merrill Lynch
(MER) may have lined up a big cash infusion
from a Singapore fund.
|
| Dec 14 |
-1.32% |
-1.23% |
-1.37% |
Worry about higher inflation data.
|
| Dec 11 |
-2.14% |
-2.45% |
-2.53% |
Investors disapointed by U.S. Federal Reserve 0.25% interest rates cut, not the more aggressive 0.50%
that some had hoped for.
|
| Dec 06 |
+1.30% |
+1.60% |
+1.50% |
Bush administration offered hope to some subprime-mortgage borrowers with a five-year freeze in loan rates
for those who qualify.
|
| Dec 05 |
+1.48% |
+1.78% |
+1.52% |
ADP Employer Services said 189,000 jobs were added in November, which showed the overall economy is holding up.
|
| Nov 28 |
+2.55% |
+3.18% |
+2.86% |
Rate cut hopes helped overshadow reports of October sales of existing homes fell for the eighth consecutive
month and orders for big-ticket manufactured goods fell for the third straight month. Federal Reserve Vice Chairman
Donald Kohn hinted that the central bank may lower interest rates again.
|
| Nov 27 |
+1.69% |
+1.57% |
+1.49% |
Wall Street rebounded after Abu Dhabi Investment Authority agreed to invest $7.5 billion in Citigroup
(C), and Organization for Petroleum Exporting Countries
will raise production at its December 5th meeting.
|
| Nov 26 |
-1.83% |
-2.14% |
-2.32% |
Renewed credit worries and report of 'massive' layoffs at Citigroup (C)
took the stocks down.
|
| Nov 23 |
+1.42% |
+1.34% |
+1.69% |
Stocks rebounded as the Black Friday starts the holiday shopping season. Merchants see Black Friday as setting
an important tone to the overall season.
|
| Nov 21 |
-1.62% |
-1.33% |
-1.59% |
Shares fell as crude oil got close to the $100/barrel mark and the U.S. Dollar fell to record lows.
|
| Nov 19 |
-1.66% |
-1.66% |
-1.75% |
Stocks fell on downgrade of Citigroup (C)
and lower forecast by Lowe's (LOW).
|
| Nov 13 |
+2.46% |
+3.46% |
+2.91% |
Markets lifted by positive news from Wal-Mart (WMT),
Goldman Sachs (GS), and International Energy Agency.
IEA cut its oil demand forecasts and said crude supplies are rising. Meanwhile WMT reported better than expected earnings,
and GS said no major debt-related writedown.
|
| Nov 12 |
-0.42% |
-1.67% |
-1.00% |
Sell-off in technology stocks on worries about business spending.
E*Trade Financial (ETFC) -58.67% after saying that it
expected more write-downs in its asset-backed securities portfolios.
|
| Nov 09 |
-1.69% |
-2.52% |
-1.43% |
A disappointing outlook from Qualcomm (QCOM) and
on going credit issues led stock markets lower.
|
| Nov 08 |
-0.25% |
-1.92% |
-0.06% |
Weakening demand warning from Cisco System (CSCO)
led tech stocks lower. Dow was down by -1.65%, Nasdaq by -3.66% and S&P 500 by -1.68% before rebounding in the last hour.
Testifying before the Joint Economic Committee, Federal Reserve Chairman Ben Bernanke said that economic growth will
slow in coming months while surging oil costs will raise inflation pressures. He predicted an economic rebound by mid-2008.
|
| Nov 07 |
-2.64% |
-2.70% |
-2.94% |
U.S. dollar sank further against other major currencies amid speculation that China will diversify some of its
foreign currency stockpiles beyond the greenback.
|
| Nov 01 |
-2.60% |
-2.25% |
-2.64% |
Fear of end to interest rate cuts and a slowing economy -- a worsening housing market and further credit market turmoil.
|
| Oct 31 |
+1.00% |
+1.51% |
+1.20% |
The U.S. Federal Reserve cut the federal funds rate by 1/4 point to 4.50% -- its second reduction in the last 6 weeks.
|
| Oct 26 |
+0.99% |
+1.94% |
+1.38% |
Strong earnings from Microsoft (MSFT) and an optimistic
outlook from Countrywide Financial (CFC) outweighed concerns
about the economy.
|
| Oct 19 |
-2.64% |
-2.65% |
-2.56% |
Today marked the 20th anniversary of Black Monday, a U.S. stock market crash in 1987.
Construction and mining equipment maker Caterpillar (CAT)
posted disappointing quarterly earnings and also cut its full-year profit forecast. The company's CFO said he sees a 50%
chance that the U.S. will fall into a recession next year. "Many U.S. industries important to our sales are in recession."
The company said in a press release.
Nasdaq Composite index broke the support level of 2,750, closed at 2,725.16.
|
| Oct 15 |
-0.77% |
-0.91% |
-0.84% |
Crude oil prices traded above $86 per barrel for the first time ever.
|
| Oct 01 |
+1.38% |
+1.46% |
+1.33% |
Dow hit new record close at 14,087.55 on rate cut and good Q4 hopes.
|
| Sep 18 |
+2.51% |
+2.71% |
+2.92% |
Federal Open Market Committee (FOMC) cut federal funds rate by 1/2 point to 4.75%, and cut discount rate by
1/2 point to 5.25%. FOMC said that recent developments in financial markets have increased uncertainty.
|
| Sep 11 |
+1.38% |
+1.50% |
+1.36% |
Hoped of rate cut next week.
|
| Sep 07 |
-1.87% |
-1.86% |
-1.69% |
Weakest jobs report in 4 years.
Late Thursday, Former U.S. Federal Reserve chairman Alan Greenspan made a
remark: "The behavior in what we are observing in the last seven weeks is identical in many respects to what we saw
in 1998, what we saw in the stock market crash of 1987..."
|
| Sep 05 |
-1.07% |
-0.92% |
-1.15% |
Pending sales of existing homes fell in July 2007 to lowest level since September 2001.
|
| Sep 04 |
+0.68% |
+1.30% |
+1.05% |
The Institute for Supply Management said its index of national factory activity expanded in August 2007, though
at a slower pace than in July. The data was broadly in line with expectations.
|
| Aug 31 |
+0.90% |
+1.21% |
+1.12% |
Bush Unveils Modest Mortgage Proposals, and Federal Reserve Chairman Ben Bernanke vows to protect the national economy.
|
| Aug 29 |
+1.90% |
+2.50% |
+2.19% |
A letter from Federal Reserve Chairman Ben Bernanke, in which he said the Fed was "prepared to act as needed" to
ensure credit market troubles do not adversely affect the economy, added to investor speculation for a much hoped-for
interest rate cut.
|
| Aug 28 |
-2.10% |
-2.37% |
-2.35% |
Investors grow more uneasy about economy: consumer confidence weakened in August, and housing prices fell in Q2,
the steepest rate of decline since its index was started in 1987.
|
| Aug 17 |
+1.82% |
+2.20% |
+2.46% |
The U.S. Federal Reserve cuts the discount rate by 0.50% to 5.75%, a surprise move to calm panicky financial markets.
|
| Aug 09 |
-2.83% |
-2.16% |
-2.96% |
More signs that subprime lending woes are hurting global economy.
|
| Aug 06 |
+2.18% |
+1.44% |
+2.42% |
Stocks are oversold on a short-term basis. Wells Fargo's 50 mln share buyback helped restore confidence throughout
the battered financial sector.
|
| Aug 03 |
-2.09% |
-2.51% |
-2.66% |
Credit fears. Bear Stearns CFO Sam Molinaro described turmoil in the credit market as the worst he'd seen in 22 years.
|
| Jul 31 |
-1.10% |
-1.43% |
-1.26% |
Subprime anxiety. Blamed it on American Home Mortgage Investment.
|
| Jul 26 |
-2.26% |
-1.84% |
-2.33% |
Weak economic data and ongoing credit concerns. Problems with U.S. subprime mortgages -- loans to risky borrowers
-- have been haunting investors for the past few weeks.
|
| Jul 24 |
-1.62% |
-1.89% |
-1.98% |
Credit crunch, caused by subprime issues, not priced in. Countrywide Financial the largest U.S. mortgage lender,
reported a 33% decline in quarterly profit and slashed its full-year earnings outlook. Its CEO said the U.S. housing
market will probably not recover before 2009.
|
| Jul 19 |
closed at
14,000.41 |
|
|
Dow Jones Industrial Average crossed 14,000 mark for the first time. Dow historical milestones:
13,000 on Apr-25-2007
12,000 on Oct-19-2006
11,000 on May-03-1999
10,000 on Mar-29-1999
9,000 on Apr-06-1998
8,000 on Jul-16-1997
|
| Jul 12 |
+2.09% |
+1.88% |
+1.91% |
Healthy retail sales. Wal-Mart, Target, and J.C.Penney offered upbeat sales outlooks for July.
|
| May 30 |
|
|
closed at
1,530.23 |
S&P 500 hit all time high. Previous high of 1,527.46 was on March 24, 2000.
|
| Feb 27 |
-3.29% |
-3.86% |
-3.47% |
Yesterday, former U.S. Federal Reserve chairman Alan Greenspan warned that the U.S. economy might slip into
recession by year's end.
|