StreetInsider.com Top 10 News Items for the Week

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".

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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 ...

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

1. Taking traders back to the pre- and post-tech bubble days, the Dow crossed over the battleground 10,000 level this week. Some investors viewed the move as a great vote of confidence for market players, while others viewed it as "simply a number". Much to the chagrin of bears everywhere, the NYSE passed out "Dow 10,000" hats on the NYSE floor.

2. Google (Nasdaq: GOOG) reported blow-out Q3 earnings this week, causing the shares to rise by more than 4% on Friday. Surprising even the most bullish analysts, Google ...

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

1. Demonstrating investors near- and medium-term concerns related to the US dollar and the stock market, gold prices hit new all-time highs this week. Gold finished this week's trading above $1,050 and related miners and producers rallied with the commodity. As the trade normally goes, the US dollar moved in opposition to gold.

2. Alcoa (NYSE: AA) kicked off the Q3 earnings season this week, beating the Street's estimates on both the top and bottom line ...