A coordinated response by the world’s leading central banks to the Eurozone crisis led U.S. stocks to score their biggest daily percentage gains yesterday (November 30), with three benchmark indices ending with at least a 4% gain.
The Dow Jones Industrial Average (DJIA) closed at 12,045.68, up 490.05 points or 4.24%. It was the Dow’s biggest one-day gain since March 23, 2009.
The S&P 500 also surged, ending the trading day up 51.77 points, or 4.33%, to 1,246.96. It was the S&P’s highest daily gain since August 11, 2011.
The tech-heavy Nasdaq Composite Index also soared yesterday closing at 2,620.34, up 104.83 points or 4.17%.
Apple iPad 2 reviews, prices, specs, photos
A total of 15 million Apple iPad units were sold during the first nine months of its release, according to Apple CEO Steve Jobs. That’s more than the total number of all other tablet PC sales combined.
But Apple seems bent on dominating that market further. Less than a year after the first Apple iPad was released, here comes a thinner, lighter and superbly faster upgrade: the Apple iPad 2.
Subprime Mortgage 101 – A simple and funny Powerpoint
With all the buzz going on about the collapse of Lehman Brothers, the $700 billion AIG bailout plan, and the US financial crisis and its impact on Philippine banks, the word “subprime” suddenly gained notoriety in mainstream media.
What exactly is the subprime mortgage problem?