Archive for June, 2009

Strong quarter ends cautiously as earnings loom (AP)

Traders Ben Willis, center, and Peter Tuchman work on the floor of the New York Stock Exchange Tuesday, June 30, 2009. (AP Photo/Richard Drew)AP – Investors carried Wall Street to a remarkable second-quarter performance even though stocks’ big spring rally stalled weeks ago.

How the major stock indexes fared on Tuesday (AP)

AP – Stocks tumbled Tuesday after a private research group said consumer confidence unexpectedly fell in June. Investors had been expecting the Conference Board’s measure of consumer sentiment to hold steady following big jumps in April and May.

SEC may tighten executive pay rules: sources (Reuters)

Reuters – U.S. securities regulators are considering changing how companies are required to disclose stock options awarded to executives, people familiar with the Securities and Exchange Commission’s thinking told Reuters on Tuesday.

Wall St brakes on confidence data, but has upbeat Q2 (Reuters)

Street signage outside the New York Stock Exchange. Creditors holding bonds in US auto giant GM will swap 27.1 billion dollars in debt for a 10-percent stake and warrants allowing them to buy an additional 15-percent stake in the firm.(AFP/File/Stan Honda)Reuters – Stocks fell on Tuesday as an unexpected drop in consumer confidence cooled recent optimism about an economic recovery, but Wall Street still closed out its best quarter in a decade.

The Dow Jones industrials’ moves since Lehman fall (AP)

AP – How far the Dow Jones industrial average has fallen or advanced each trading day since Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection on Sept. 15. Since Lehman’s fall, which touched off a paralysis of the credit markets and deepened the recession, the stock market has gone through an extended period of volatility before kicking into a big rally this spring. The numbers are the closing levels for the Dow: