Tag: Dow

The Takeaway

The Dow, the Banks and the State of the Economy

Thursday, October 15, 2009

Yesterday the Dow Jones Industrial Average closed above the symbolic threshold of 10,000. New York Times finance reporter Louise Story says the news is interesting, but it doesn't say much about the overall health of the economy. Something that might: the banking sector. Also joining the conversation is New York Times economics correponsdent Edmund Andrews with a look at how the U.S. Treasury wants some bailed-out banks to start paying back their loans.

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The Takeaway

The Dow Climbs—What's Next?

Monday, July 27, 2009

The last two weeks have seen a steady rally for the stock market, which closed above 9,000 on Friday. This week it'll be tested by the biggest batch of second quarter corporate profit reports yet, including those from Exxon Mobil, Chevron, and Visa. The Takeaway talks to Peter Morici, an economist and Business Professor at the University of Maryland, to figure out how the market fares in the face of those earnings reports.

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