For stocks, escaping bear hinges on oil, GE

                   
reuters.com     04-Jul-2008            

By Walker Simon NEW YORK (Reuters) - It will be tough for Wall Street to shake off the bear market blues next week if the price of oil keeps rising and the earnings season kick-off from Alcoa and General Electric disappoints investors. Earnings estimates for the second quarter have fallen steadily after several big U.S. companies, like United Parcel Service , rattled investors in recent weeks with profit warnings, blaming the sluggish economy and soaring oil prices. Oil has become the biggest wild card for growth and corporate profits. It jumped to a record above $145 a barrel on Thursday, driven by tensions between Israel and Iran, before the long holiday weekend to mark U.S. Independence Day. The price of crude is up 50 percent so far this year. On Friday, U.S. markets will be closed on July 4th for the Independence Day... [read full story]                    

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The Dow is stalking bear market territory

ft.com     27-Jun-2008          

With Moody's threatening to cut Morgan Stanley's credit rating and oil hiting another record high of $142.93 a barrel, the Dow is just two hours away from a bear market. The Dow crossed into bear market territory this afternoon...                    

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America enters bear market territory as the Dow crashes

timesonline.co.uk     02-Jul-2008          

America officially entered a bear market tonight, for the first time in six years, as the oil price hit a new record high. The Dow Jones lost 166.75 points, or 1.5 per cent, to close at 11,215.51, bringing its decline since its...                    

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US markets enter bear territory

telegraph.co.uk     03-Jul-2008          

By James Quinn, Wall Street Correspondent Leading US indices closed in firm bear market territory for the first time in the current downturn as oil prices soared above $144 and General Motors faced further questions over its...                    

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Dow’s bear market run spells trouble for Wall St.

kirberts.co.uk     03-Jul-2008          

NEW YORK - With the Dow sliding into a bear market on Wednesday, the dark days on Wall Street are far from over, amid record oil prices, struggling consumers and the never-ending credit crisis. Posted: July 2nd, 2008 under...                    

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Dow enters bear market as stocks slide

kirberts.co.uk     03-Jul-2008          

NEW YORK - The Dow sank into a bear market on Wednesday as United States Stocks fell on growing concerns about the toll that record oil prices are taking on the economy and corporate profits. Posted: July 2nd, 2008 under...                    

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Energy shares, tame jobs data lift Dow

kirberts.co.uk     03-Jul-2008          

NEW YORK -The Dow rose on Thursday, a day after the blue-chip average entered a bear market, on relief payrolls data was not as weak as a few had feared and with another record oil price boosting energy shares. Posted: July...                    

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