Here is Briefing.com's weekly wrap: The week that was on Wall Street won't ever be forgotten as it has now has a distinctive place in the annals of stock market history. The major stock averages plunged in dramatic fashion amid of torrent of concerns about the economic outlook and a prevai ... Read more

Boy, was that a wild ride after the open today. I didn't sleep much last night, after seeing the Asian markets reeling (Japan declined more than 9%), so I came in extra early this morning. The futures closed at their lows before the open, and once the regular trading session began, stocks immediat ... Read more

Today is my birthday. I was hoping to sleep in for once, but not in this market! At least the futures were nicely higher when my alarm went off at 5:30am. Small comfort. Maybe if the market gods are in a forgiving mood, today will mark the start of a new rally. On this day (October 9) in 2002, the ... Read more

The trading so far this morning has already been fast and frenetic. The Fed announced a coordinated rate cut before the open, but stocks opened lower nonetheless. The Dow has already traded in a 400-point range in the first hour. Currently the market is flat. The Federal Reserve, European Cen ... Read more

The market got a big bounce at the open, but is struggling to hang on to those gains. Big tech stocks like AAPL and GOOG are still negative, which is weighing on the Nasdaq. The Fed announced it is creating a Commercial Paper Funding Facility (CPFF), which will provide liquidity for the stra ... Read more

I don't think I've ever been relieved to see the market close down -370 points. But given how things were looking with an hour or so to go, the late-day rally was an improvement. I think the markets are really anticipating some sort of coordinated rate cut, and won't be satiated until they get one ... Read more

The market is bouncing this morning amid optimism that the House will get it right this time and vote in favor of the $700 billion asset purchase plan (does this thing have a real name yet?) The bounce came despite a weak jobs number this morning. Nonfarm payrolls fell -159,000 in September, ... Read more

The market has been under heavy selling pressure all morning, despite the Senate passing the mortgage relief plan last night by a 3-to-1 margin. The European Central Bank left rates unchanged at their meeting at 4.25%. This was expected, but I think they are beginning to realize that despite ... Read more

Third quarter was pretty ugly, across the board. The S&P 500 declined -9.0%, which was relatively less of a decline than most markets across the globe. Here is how the major indexes stood for the year, as of 9/30: S&P 500: -20.7%; Nasdaq 100: -24.0%; Russell 2000: -11.3% China: -56 ... Read more

The equity markets are lower this morning on continued tightness in the credit markets, which is spilling over and affecting GE today. The credit derivative swaps for GE Capital are spiking this morning, which is putting the stock under heavy pressure. This is despite the fact that GE is a AAA c ... Read more