Intersecting Minds: Education, Business and Technology at the North Carolina State Jenkins Graduate School of Management

Thursday Morning Quick Hits | March 5, 2009

What goes up… After rallying 150 points yesterday, the Dow has sunk back down over 200 points after China quashed rumors of additional stimulus money.

Bank stocks in particular have been hammered this morning. Citigroup’s stock price fell below $1 in trading this morning.

The American economy continues to shed jobs at a gruesome rate. Jobless claims topped 600,000 for the fifth straight week.

And the housing market continues to nose dive. Delinquencies hit a new record at 7.88% of all loans, and real estate market values kept up their decline.

All in all, another peachy keen morning for the global economy.


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