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Business fun facts!
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There are over 111 million housing units in the US. Housing units include all types of homes, apartments, and mobil homes.
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The world GDP is $48 Trillion (in 2006)
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The US GDP is $13 Trillion (in 2006). US is the largest economy in the world and contributes over 25% to the world economy.
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Happy New Year!
Investors start 2008 on shaky ground.
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Investors started the year 2008 with the same concerns as in 2007. The credit crisis, banking sector home loans problem, weak housing, weak dollar, and higher oil prices remained major ongoing concerns for the investors this week. Surprise reduction in manufacturing for the month of Dec-07, rise in Dec-07 unemployment numbers from 4.7% to 5%, and oil prices crossing $100/barrel shattered any hope for markets to go up. The S&P500 dropped 56 points, the DOW dropped 462 points and the NASDAQ dropped 149 points for Jan 2-4, 2008.
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According to the Institute for Supply Management (ISM), US manufacturing activity declined unexpectedly in December to 47.7 from 50.8 in November. A reading below 50 is considered a declining manufacturing activity and a reading above 50 is considered as a growing manufacturing activity. December ISM number of 47.7 raises concern that credit crisis, weak housing, higher oil prices are all contributing to a economic slowdown.
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Year 2007 in review
How did year 2007 do for the investors?
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For 2007, the NASDAQ gained 9.8%, outpacing the S&P500 and the DOW which were up 3.5% and 6.4%, respectively. See the monthly average graphs below for the S&P500, the DOW, and the NASDAQ.
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How did the three stocks, Disney (DIS), Kellogg (K), and McDonald’s (MCD), that you asked us to track do in 2007? McDonald’s(MCD) stock gained over 34% or gain of $15 per share, not bad. Kellogg (K) gained 5% or over $2.5 per share. Disney turned out to be a dog, lost 6% or close to $2 per share. Over all, if you bought these three stocks, one a piece, you gained over $15 in 2007 or over 12%!
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Learn more about...
What is Credit History? Why is it important to have a good credit history? Volume 12.
What is Economy, Business, Workers, Goods, Services, Stock, DOW, S&P500, and NASDAQ in Volume 16.
Does it pay to study hard? Volume 17.
What is Currency and Foreign Currency Exchange rate? Volume 14. What is stronger or weaker currency? Volume 20. What does the dollar slide mean? Volume 32.
How does money grow in a bank? Volume 21.
What is Fed Funds rate and Discount rate? Volume 22
What does the interest rate cut mean for you? Volume 23.
How to read stock information? Volume 25.
What is "Black Monday"...Crash of 87"? Volume 31.
Who are CEO, CFO, Shareholders, and the Board of Directors? What is SOX? Volume 33
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Jan 2-4, 2008
Weekly Stock Market
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Bear Market-Stocks down!
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Index
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Change
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Last
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DOW
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Down 462
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12,800
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S&P500
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Down 56
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1,412
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NASDAQ
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Down 159
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2,505
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Foreign Exchange Rate
$1 is equal to
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Currency
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Change
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Last
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Euro (€)
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0.68
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Yen (¥)
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108.65
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Pound (£)
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0.51
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Yuan ( )
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7.28
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Rupee (Rs.)
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39.29
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Canadian (C$)
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1.00
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Your Favorite Stocks
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Company
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Bought one stock in Jan-08
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This week stock is?
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Your gain or loss?
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$31.84
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$33.13
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-$0.71
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.jpg "Kellogg (Ticker is K) has over $11 billion in sales. It is know for ready-to-eat cereal and convenience foods.")
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$51.57
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$51.17
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-$0.40
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$58.10
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$57.05
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-$1.05
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We use multiple information resources, such as, websites, companies, stock exchanges, newspapers, text books, and others.
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