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This was yet another tiring day in the markets, despite the ever-falling price of oil back to under $70.00 per barrel. The sad thing is that the selling started this morning and only grew worse throughout the day. There was no single catalyst. The fears are over the coming recession and weak earnings, but that is about as new as the sun rising in the East every morning. The death being witnessed in commodities and commodity-related stocks is only exacerbating the fears that the global recession is going to be much deeper than projections were indicating. Here are today's unofficial closing bell levels:
- DJIA - 8,519.21 (-5.69%)
- S&P500 - 896.78 (-6.10%)
- NASDAQ - 1,615.75 (-4.77%)
- 10YR T-Note 3.618% (-0.085%)
Top Analyst Upgrades
Top Analyst Downgrades
AT&T Inc. (NYSE: T) is trading down over 1% after the telephone giant posted lower earnings. Its earnings report came in at $0.67 EPS vs. the $0.71 estimate, despite adding 2 million wireless subscribers and despite activating 2.4 million 3G iPhone activations. Shares were down 8% at $23.61 in today's final minutes.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
