Bullish Blog

AFP - Approaching the halfway point through 2008, Wall Street is mired in worries about a sputtering US economy and surging energy costs as the market braces for second-quarter corporate results.

AP - Wall Street ended a depressing week with another big loss on Friday, with the Dow Jones industrials falling more than 100 points amid ever-escalating worries about high oil prices and fallout from the credit crisis. The major indexes are all down more than 3 percent for the week.

Reuters - As the Federal Reserve and securities regulators neared an agreement on investment banks, leaders of the U.S. Senate Banking Committee on Friday warned them not to get ahead of Congress with any Wall Street reforms.

Reuters - The U.S. Senate on Friday confirmed one Republican and two Democratic nominees to fill open commissioner seats at the Securities and Exchange Commission, returning the agency to full strength as it tackles oversight of big U.S. investment banks and other issues.

Reuters - The Dow Jones industrial average (.DJI) of stocks slid on Friday into bear market territory as investors fretted about the impact of record oil prices and mounting credit losses in the financial sector.

Traders worry that more oil price increases Monday could set off more selling. The Dow is briefly off 20% from its October high, the definition of a bear market, and may have its worst June since 1930. Financial stocks sag; energy stocks move higher.

Reuters - The Toronto Stock Exchange's main index ended with a moderate gain on Friday as resource issues were propped up by gold and oil prices, while the rest of the market followed the lead of sliding U.S. stocks.

AP - Wall Street ended a depressing week with another big loss on Friday, with the Dow Jones industrials falling more than 100 points amid ever-escalating worries about high oil prices and fallout from the credit crisis. The major indexes are all down more than 3 percent for the week.

AFP - Oil prices briefly struck fresh record highs over 142 dollars on Friday as the US dollar remained weak, and as world stock markets tumbled amid economic jitters marking the end of a volatile week.