Bullish Blog

AP - April was Wall Street’s best month in nine years — offering some of the most powerful evidence yet that maybe, just maybe, the economy is about to begin a turnaround.

AFP - Oil prices advanced on Thursday, taking their lead from rising stock markets, despite stubborn concerns that swine flu could dent global economic growth and energy demand, dealers said.

AFP - World stock markets rallied on Thursday as investors focused on hopes of a global economic recovery despite deepening fears about a possible swine flu pandemic.

Reuters - The Dow and S&P 500 fell on Thursday after Chrysler’s bankruptcy filing undercut optimism about upbeat corporate profits and reassuring job market data.

Reuters - Global stock markets jumped more than one percent on Thursday to their highest since early January as investors bet on a stabilization of the ailing world economy and took heart from some upbeat corporate earnings.

AP - Asian stocks rallied Thursday as U.S. and Japanese economic data signaled the global recession was letting up, while Taiwan’s market surged after a historic agreement clearing the way for Chinese investment.

The central bank says it will continue pumping money into the economy. Investors cheer a hint in today’s GDP report that consumers are still spending. Bank of America chief Ken Lewis keeps his job but is no longer chairman. Starbucks earnings beat estimates.

AP - How far the Dow Jones industrial average has fallen or advanced each trading day since Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection on Sept. 15. Since Lehman’s fall, which touched off a paralysis of the credit markets and deepened the recession, the stock market has gone through an extended period of volatility that subsided during December but that has returned in 2009. The numbers are the closing levels for the Dow:

AP - The primary U.S. lab for renewable energy will receive $110 million in federal stimulus funds and another $83 million will go toward wind energy and other alternative power and efficiency projects, Energy Secretary Steven Chu said Wednesday.