23 July 2007 | Stocks dropped in New York on Friday, posting their first weekly decline in a month on worries that loan losses at banks and brokerages will stifle corporate profits. The Dow lost nearly 150 points, pulling back from its record close above 14,000, after the day’s weak earnings news unsettling investors.
12 July 2007 | Wall Street managed to close higher on Wednesday as bargain hunters came off the sidelines following a sell-off in the previous session. Hopes for a strong second quarter earnings season helped offset investor concerns that the subprime mortgage market crisis will spill over to other areas.
11 July 2007 | US shares closed lower Tuesday on concerns about corporate earnings, with investor sentiment hit right at the outset of earnings season after both Home Depot and Sears lowered their forecasts. Financial issues came under pressure after ratings agency Standard & Poor’s said it put US$12 billion worth of subprime mortgage-backed securities on CreditWatch negative.
12:00 AM | Stocks posted modest gains in New York last night, supported by news of two separate share buybacks and growing optimism about the upcoming reporting season. Both Johnson & Johnson and ConocoPhillips announced buybacks, while declines in bond yields and oil prices as well as takeover speculation also boosted markets.
9 July 2007 | Wall Street closed higher on Friday as investors found signs of strength in the government's June employment report. Forth most part, they welcomed news that the unemployment rate held steady at 4.5 per cent in June for the third straight month, as expected, and that 132,000 jobs were added.
5 July 2007 | Markets were closed in New York last night for the nation ‘Independence Day holiday.
4 July 2007 | Wall Street shares closed higher on Tuesday for the third straight session, as investors welcomed more acquisition news in abbreviated trade ahead of the Independence Day holiday. The market will be closed Wednesday and reopen on Thursday.
3 July 2007 | US shares closed sharply higher on Monday in the first day of trading for the third quarter, bolstered by a decline in Treasury yields, a rise in June manufacturing activity and a spate of buyout news.
2 July 2007 | Wall Street ended in the red on Friday, despite spending most of the day higher on upbeat economic news. However, rising oil prices and concerns about the impact of tightening credit on takeovers and the subprime market pulled the indices down to a negative close.
29 June 2007 | The broader market finished marginally lower in New York last night, while tech stocks posted a minor gain. Gauges traded on both sides of the gain line over the session, unable to agree on a direction after the Federal Reserve held interest rates steady, but indicated it was still concerned about inflation.
28 June 2007 | Stocks bounced back from a 4-day slide in New York last night, with investors bargain shopping after recent losses. A 2 per cent jump in oil prices improved earnings prospects for fuel producers, while a late push by the tech sector helped boost major gauges.
27 June 2007 | Markets ended down again in New York last night, with marginal losses fuelled by housing sector fears and persistent subprime mortgage sector concerns, which continued to chip away at investor confidence. A drop in crude prices eased worries about inflation and takeover talk cheered some investors, capping the losses.
26 June 2007 | Stocks got off to a positive start, but growing concerns about the subprime mortgage sector continued to trouble investors in New York last night. Much like Friday, Bear Stearns was at the centre of attention on news it may have to bail out a second hedge fund as well as having to face a preliminary inquiry by the Securities and Exchange Commission.
25 June 2007 | Stocks Dropped in New York on Friday, with blue chips pulling the Dow down more than 185 points to cap off its biggest weekly retreat since early March. Subprime lenders and interest rates were once again the main concerns, with investors nervous that the broader banking sector would end up carrying big losses on mortgage bonds.
22 June 2007 | US stocks finished higher on Thursday as lower oil prices and a better-than-expected report from the manufacturing sector helped offset the effects of rising Treasury bond yields. The Philadelphia Federal Reserve said regional manufacturing in June has had its strongest growth since April 2005.
21 June 2007 | Wall Street closed lower on Wednesday as rising Treasury bond yields ignited a late sell-off. The 10-year Treasury note's yield soared to 5.15 per cent by late afternoon from 5.09 per cent late Tuesday, renewing concerns among investors about high rates thwarting corporate deal-making and further injuring the housing market.
20 June 2007 | US shares closed slightly higher Tuesday after investor sentiment was boosted by lower Treasury yields and housing data, despite higher oil prices and some disappointing earnings news. The Commerce Department reported that starts of new US homes fell by 2.1 per cent to a seasonally adjusted annual pace of 1.47 million in May, which was slightly stronger than economists expected.
19 June 2007 | US stocks closed lower on Monday as oil jumped to its highest level in nine months in a session with no economic reports to provide direction. The rise in crude oil prices also distracted investors from a report that BHP Billiton is planning a bid for Alcoa and other merger news.
18 June 2007 | US stocks rallied for a third straight session Friday as investors welcomed tame core consumer prices in May, which helped bond yields fall further. However, the advance was capped by investor concerns over rising crude oil prices.
15 June 2007 | Wall Street closed higher on Thursday after data showed that wholesale inflation, excluding energy and food costs, is rising at a mild pace. US investors welcomed the Labor Department’s "core" reading of the Producer Price Index, which rose just 0.2 per cent in May and met expectations.
14 June 2007 | US stocks closed lower Tuesday as investors remained jittery about rising bond yields, which lift borrowing costs for consumers and businesses. The yield on the 10-year Treasury note, which affects rates on mortgages and many other consumer loans, jumped as high as 5.27 per cent yesterday to its highest level in five years.
14 June 2007 | US shares finished higher on Wednesday as stronger-than-expected economic readings sent bond yields lower and provided stability to stocks following a string of volatile sessions. Investors welcomed data from the US Commerce Department, which showed that retail sales jumped 1.4 per cent in May for the highest increase in 16 months.
12 June 2007 | Stocks finished barley changed in New York last night, after early gains were flattened by rising bond yields and an increase in crude prices. Inflation concerns were also a major factor, with interest rate wary traders on the back foot ahead of a big list of events slated for the week.
8 June 2007 | In New York last night stocks declined for a third straight session, sliding again in triple-digit fashion after rising bond yields deflated hopes for an interest rate cut later in the year. The Dow Jones industrials fell nearly 200 points and the S&P 500 index fell below the 1,500 mark.
7 June 2007 | In New York last night stocks fell a second day as worries about inflation, the housing market and rising interest rates gave investors a reason to bail out after the recent rally. The Dow Jones Industrial Average nearly fell 1 per cent, its biggest one-day point decline in nearly a month.