The Street Beat

Apple shares fell sharply Wednesday, leaving investors and traders searching for the reasons for the fall.  Shares in Apple (AAPL.O) closed down 6.43 percent, dragging down the NASDAQ index along with it. The NASDAQ Composite index closed down 0.06 percent. The Dow Jones Industrial Average index closed up 0.64 percent, while the S&P 500 index closed up 0.16 percent on Wednesday. Some […]

Oil and gold prices fell Wednesday as the fiscal cliff nears and a decision on Greek debt is still impending. Light crude (CLC1) was down 1 percent or 87 cents at $86.31 per barrel in mid-day trading. Crude oil futures (CLF13.NYM) for January delivery were down 1.20 percent at $86.13 a barrel on the New […]

On Monday, an Australian court held Standard & Poor’s liable for losses that one investor suffered because it rated toxic bonds as investment grade. Credit rating agencies like Standard and Poor’s are increasingly facing wrath from regulators, financial institutions and investors. The blame game started since 2008, when investors witnessed the worst in financial markets. […]

Last week was eventful for the U.S. stock markets with the U.S. Federal Reserve announcing yet another Quantitative Easing program, the third in the series, which Wall Street calls QE3. Fed chief Ben Bernanke vowed the investors by continuing the QE, this time deciding to buy up to $40 million of mortgage backed securities every month […]