BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Closing Bell: Dow, S&P, and NASDAQ down; learning to embrace the recession]]>http://www.bloggingstocks.com/2008/10/22/closing-bell-dow-sandp-and-nasdaq-down-learning-to-embrace-the/http://www.bloggingstocks.com/2008/10/22/closing-bell-dow-sandp-and-nasdaq-down-learning-to-embrace-the/http://www.bloggingstocks.com/2008/10/22/closing-bell-dow-sandp-and-nasdaq-down-learning-to-embrace-the/#commentsFiled under: , , , ,

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.

Continue reading Closing Bell: Dow, S&P, and NASDAQ down; learning to embrace the recession

Closing Bell: Dow, S&P, and NASDAQ down; learning to embrace the recession originally appeared on BloggingStocks on Wed, 22 Oct 2008 16:06:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>attbroadcomiphone subscribersIphoneSubscribersmcdonaldssamsungWed, 22 Oct 2008 16:06:00 EST