| Home
Wall Street to go through a test of mettle
Calcutta News.Net
Sunday 4th January, 2009
The weeks ahead for Wall Street will be a test of public sentiment as investors return from the holidays to bad economic news and a new economic stimulus plan.
Analysts say the recent stock market advance could continue for a while longer with many of the negative factors already accounted for.
Stocks rallied over last trading days of the year yielding positive returns on light volume.
In a heavy week of economic news, this week's main statistic will be the government's December unemployment report, due Friday.
Employers are expected to have cut 475,000 jobs from their payrolls after cutting 533,000 jobs in the previous month.
It is expected the unemployment rate will have risen to 7% from 6.7% in the previous month.
And on Thursday, the latest weekly reading on the number of jobless who are filing for unemployment is due out and is expected to continue showing steep increases.
 Email this story to a friend
Comments on this story
secretslave
01-04-09, 06:39 AM |
Wall Street to go through a test of mettle
salaam,
precentage is always higher than the estimate given upon applying for benefits,
for those holding no unemployment benefits do not apply so the number is higher in precentage wise is lower as stated yet reality is higher
|
Have your say on this story
|
 |
 |
- Missing Kashmiri youth found unconscious
Srinagar, July 4 (IANS) A 17-year-old boy was found in an unconscious state near his village in south Kashmir late Saturday, almost a week after he was arrested by the army. [read story]
- Orissa legislator, accused in communal violence, gets bail
Bhubaneswar, July 4 (IANS) Manoj Pradhan, a Bharatiya Janata Party (BJP) legislator who is an accused in last year's communal violence in Orissa and has been in jail since October, got 15-day bail Saturday to take oath as member of the assembly. [read story]
- Only a Dalit will be my successor: Mayawati
Lucknow, July 4 (IANS) Bahujan Samaj Party (BSP) national general secretary Satish Misra may continue to remain her confidant, but Uttar Pradesh Chief Minister Mayawati has no intentions of letting him don the mantle of her successor as she Saturday said only a Dalit will succeed her. [read story]
- New swine flu case takes India's tally to 129
New Delhi, July 4 (IANS) A Thai national was found suffering from swine flu, taking the total number of influenza A (H1N1) cases in India to 129, said an official statement Saturday. [read story]
- Jeddah-Mumbai flight tyres burst on landing, passengers safe
Mumbai, July 4 (IANS) Passengers aboard a Saudia airliner on a Jeddah-Mumbai flight had a scare when its tyres burst during landing at Mumbai airport Saturday evening, an official said. [read story]
|
|
 |
 |
|
|
