Stock Market News

The Performance of Hedge Funds in 2011 Was Awful - Fred Dunsel (01/12/12)

Last year, hedge funds delivered one of their worst annual performances in recent years. According the Hedge Fund Research (HFR), the average hedge fund fell by 4.8% last year. Mr Charles Gradante, co-founder of Hennessee Group LLC, a hedge-fund adviser, said, “It was a disappointing year for hedge funds as they underperformed broad market returns for the second year in a row.” (In 2011, the Dow Jones Industrial Average rose by 5.5% and the S&P 500 fell by 0.02%.)

Will Shares of Bank of America (NYSE: BAC) Rally? - Howard B. Arnn (01/09/12)

After having led a surge in bank stocks last Thursday, shares of Bank of America (NYSE: BAC) fell by about 2% the following day to end at $6.17. This was after initial market speculations that the Obama administration would provide more financial assistance to distressed homeowners failed to materialize. An Obama administration official came out to deny that there were plans for a trillion-dollar program to refinance home loans.

Stock Market Preview for the Coming Week - Howard B. Arnn (01/08/12)

The New Year kicked off on a firm footing after the holiday season. With European markets moving markedly higher in thin volume upon traders’ return after their own New Year break, the US market followed suit and posted gains approaching 2% on Tuesday. However, the market couldn’t continue its momentum through the rest of the week as disappointing economic data from Germany and the Eurozone overshadowed numbers showing a continued expansion of economic fortunes in the United States.