Wall Street update by Claudia Sonea

If presidential candidates have approached the economy subject, let us see what happens on Wall Street after the last quarter of 2007 has been made public and the rumors about an economic slowdown were confirmed. Most of the indicators fell like The Standard & Poor's 500 index that went down 1.15 percent, while Nasdaq sank 1.87 percent and The Russell 2000 index fell 1.38 percent. This time even bond prices fell and the benchmark 10-year Treasury note got to 3.52 percent and the consolidated volume decreased 0.09 billion. Furthermore, the Dow Jones lost more than 100 points; Oracle slipped 7.2 percent and Google 3.1 percent raising concerns about technology sector and its stocks. Last week Bear Stearns Cos. scared the investors being on the verge of collapse but due to Fed's help it managed to sell liquidity to JPMorgan Chase & Co. Afterwards analysts say that there has been a better forecast for the economy as dollar won ground against foreign currencies, the gold prices slipped, the Labor Department's report show a decrease in the number of those seeking employment, Lennar and DR Horton Inc rose with over 30 cents, while KB Home increased to $25.79. In spite of the discourse of the Fed's officials where it was mentioned recession and restraints of Wall Street's regulations, the market has not been changed. Still the light sweet oil increased to $107.58 a barrel on the New York Mercantile Exchange. Don't go away, more to come!

related story: http://news.yahoo.com/s/ap/20080327/ap_on_bi_st_ma_re/wall_street;_ylt=ApInTpZoxXga49jcNHxIQfCs0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by: Katarina Bosanska