StreetInsider.com Top 10 News Items for the Week

Here is a recap of the top news items from this week on Wall Street:

1. Dell (Nasdaq: DELL) shares tumbled more than 9% on Friday following a Q3 earnings miss, reported on Thursday after the close. Traders had been bidding up the school prior to the results as Dell's turnaround story has been a hot tech story recently.

2. Treasury Secretary Timothy Geithner was grilled on Capitol Hill this week, taking on a flurry of questions -- maybe even accusations -- related to his role in the financial crisis. Several members of Congress even went as far as asking Geithner to step down from his position.

Here is a recap of the top news items from this week on Wall Street:

1. Hewlett-Packard (NYSE: HPQ) surprised the Street with a monster deal this week. On Wednesday, HP announced that it will buy 3Com (Nasdaq: COMS) for $7.90 per share in a deal valued at $2.7 billion. Shares of 3Com surged more than 31%, but are still below the $7.90 level. A top competitor to 3Com, Brocade (Nasdaq: BRCD) had previously been thought to be a top takeover target for HP and the stock fell more than 13% to close this week's trading session.

2. Intel (Nasdaq: INTC) announced that it will pay AMD (NYSE: AMD) ...

Here is a list of the top news items from this week on Wall Street:

1. The unemployment rate rose over 10% this week, marking the first time since 1983. Data from the labor department showed that employers cut another 190,000 jobs last month, pushing the rate of unemployment up from Septembers 9.8%. Although economists had been expecting the unemployment rate to drop to just 9.9%, shares rose sharply on Thursday, closing above the heavily-watched 10,000 level.

2. The Fed held its key interest rates at the 0-0.25% range this week. As this had been expected by traders, the real speculation was related to the language used in the FOMC statement: to keep rates "exceptionally low" for an "extended period".

3 ...

Here is a recap of the top news items from this week on Wall Street:

1. Investors were surprised with a better-than-expected Q3 GDP reading on Thursday of this week: a 3.5% rise, versus the consensus of a 3.2% rise. The Dow rallied sharply (200 points) on the news, but all these gains were given up on Friday as the dollar had a strong day.

2. The dollar continues to dominate investors trading decisions this week. As it has gone for the last few months, a strong dollar has meant ...

Here is a recap of the top news items from this week on Wall Street:

1. Apple (Nasdaq: AAPL) shares jumped almost 5% on Tuesday and another 3% on Wednesday following, as expected, very strong earnings reported on Monday night. Q3 non-GAAP EPS came in at $1.82, walloping the Street's $1.42 estimate, while quarterly sales came in at $9.87 billion. Guidance was expectantly conservative, as always.

2. In the financial sector, traders saw earnings from Wells Fargo (NYSE: WFC), Morgan Stanley (NYSE: MS), US Bancorp (NYSE: USB) and American Express (NYSE: AXP). Sentiment in the sector was mixed: although each company beat the Street's earnings estimates, shares of Wells Fargo and AmEx sold-off, whiles MS and ...