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Wall Street welcomes 2009 |
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Friday, 02 January 2009 |
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Wall Street brought in 2009 on an upbeat note with equities roaring higher. This comes after a year of pain - with 2008 marking the worst annual drop since the Great Depression. The Dow climbed 258.30 points to 9034.69. The S&P 500 gained 28.55 points to 931.80, and the Nasdaq added 55.18 points to 1632.21. Diane King reports from New York. Speakers: Peter Cardillo, Chief Market Economist, Avalon Partners
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Oil Prices Start The New Year Above $46 |
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Friday, 02 January 2009 |
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01/02/09 Despite being the one year anniversary of crude prices hitting $100 for the first time ever, this session ushered in a new year and new understanding to the energy markets as crude settled just above $46 today.
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2009 looks grim for retailers |
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Friday, 02 January 2009 |
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Thousands of stores are expected to close as unemployment grows and consumer confidence plummets. Meanwhile, chains like Wal-Mart are well positioned for 2009 as more shoppers scout out low-cost necessities, says retail expert Howard Davidowitz. Manoush Zomorodi reports from New York.
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India Slashes Its Benchmark Rates Again |
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Friday, 02 January 2009 |
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01/02/09 For the second time in less than one month, India's government announced today that it will once again lower key interest rates in hopes of boosting both the economy as well as consumer spending.
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2009 begins on up note for stocks |
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Friday, 02 January 2009 |
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A strong opening on Wall Street adds to positive sentiment as European shares closed higher and commodity shares rose on higher energy and metals prices.
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