Mindblown: a blog about philosophy.
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Dow Closed Down More Than 500 Points
U.S. stocks shuddered again Wednesday as concerns about France’s credit outlook added to a lengthening list of reasons investors used to sell stocks. The Dow Jones Industrial Average dropped 519.83 points, or 4.62%, to 10,719.94. The S&P 500 fell 51.77 points, or 4.42%, to 1,120.76. The Nasdaq Composite fell 101.47 points, or 4.09%, to 2,381.05.…
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Stocks Opened Sharply Lower
U.S. stocks started sharply lower Wednesday as worries about the global economy weighed heavily after the prior day’s rally. The Dow Jones Industrial Average lately fell 291.12 points to 10,919.74. The Standard & Poor’s 500 Index declined 28.52 points to 1,144.01. The Nasdaq Composite Index lapsed 59.94 points to 2,422.58. Goldman Sachs said on Wednesday…
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Stocks Soar Back as Treasury Yields Drop
U.S. stocks on Tuesday surged the most in two years after its worst day since 2008, as a divided Federal Open Market Committee said benchmark rates would stay near zero through mid-2013. After relinquishing 634.76 points, or 5.6%, in Monday’s battering, the Dow industrials rallied back, gaining 429.92 points, or 3.98%, to 11,239.77. The S&P…
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Stocks Opened Higher after Sell Off
Stocks rose at the open on Tuesday in a rebound from the previous session as investors aim to win back ground surrendered in the market’s recent turbulent downswing. The Dow Jones Industrial Average lately rose 79.77 points to 10,889.62. The Standard & Poor’s 500 Index added 9.36 points to 1,128.82. The Nasdaq Composite Index climbed…
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Stocks Hit Hard Since 2008 Crisis
U.S. stocks suffered their worst day Thursday since the financial crisis in the fall of 2008.The Dow average fell 512.76 points, or 4.31%, to 11,383.68. The S&P 500 lost 60.27, or 4.78%, to 1,200.07. The Nasdaq Composite lost 136.68 points, or 5.08%, to 2,556.39. Kraft Foods Inc. said Thursday it plans to split into two…
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How to Read a Mutual Fund Prospectus
Mutual funds offer several advantages over stock investments, including diversification and professional management. A mutual fund may hold investments in hundreds or thousands of stocks, thus reducing risk of any particular stock. Also, the transaction costs associated with buying individual stocks are also spread around among all the mutual fund shareholders. As well, a mutual…
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Oscillator- A Secondary Indicator
The oscillator is extremely useful in nontrending markets where prices fluctuate in a horizontal price band, or trading range, creating a market situation where most trend-following systems simply don’t work that well. The oscillator provides the technical trader with a tool that can enable him or her to profit from these periodic sideways and trendless…
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Stocks Wobbled after Losing Streak
U.S. stocks erased mild opening gains on Wednesday as investors drew only limited cheer from a better-than-anticipated report on the labor front. The Dow Jones Industrial Average lately fell 39.55 points to 11,827.07. The Standard & Poor’s Index was off 3.85 points at 1,250.20. The Nasdaq Composite Index was down 4.48 points to 2,664.76. Private…
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Stocks Ended with Slight Loss
U.S. stocks lurched their way to a slight closing loss Monday on renewed angst about Washington’s ability to reach a deal on raising the U.S. debt ceiling and following disappointing news from the manufacturing sector. The Dow Jones Industrial Average ended down 10.75 points, or 0.09%, to 12,132.49, down for a seventh day. The S&P…
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