Bullish Blog

Reuters - Stocks are likely to face more selling pressure next week as the Tuesday deadline draws near for raising the U.S. debt ceiling and Washington remains paralyzed by political brinkmanship.

AP - NO DEAL: House Republicans were unable to pass a bill that would raise the nation’s debt limit before the market closed Friday. Investors are now hoping that Congress and the White House will reach a compromise over the weekend to avert a default on U.S. government debt.

AP - Stocks continued a weeklong slide after a dismal report on economic growth added to growing concerns that the federal government may default on its bond payments. Major indexes erased some of their early losses on Friday after President Barack Obama said there were many paths to a compromise on raising the debt limit.

AFP - US stocks had their worst week of 2011 amid fears that the debt-ceiling impasse in Washington would provoke a ruinous default or a downgrade of the United States’ credit rating.

AFP - US stocks sank on Friday, weighed down by an unexpectedly negative report on the country’s economic growth and nervousness over the debt-ceiling battle in Washington.

AP - For long-suffering shareholders of News Corp., there may be a silver lining in the phone-hacking scandal: A chastened Rupert Murdoch.

AFP - Stocks in London closed lower Friday in the wake of official data from the US which showed the world’s largest economy had stagnated in the last six months.

AP - The word of the day in financial markets: Anxious.

Reuters - Stocks ended the worst week in a year as time runs out on Washington to reach agreement before the government loses its ability to borrow money.

AFP - Shares in London fell in opening trade on Friday following overnight news that US House Republicans were forced to delay a vote on a plan to avert a debt default, dealers said.