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 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 ...
