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Tuesday, October 21, 2008
S&P Sees More Dividend Cuts For Blue Chips
John Spence
MarketWatch Pulse
BOSTON -- Standard & Poor's on Tuesday cut its expected 2008 dividend payment for the S&P 500 Index by nearly 3%. The lowered forecast represents a 1.2% increase in S&P 500 dividend payments from 2007, but that would be the lowest growth rate since 2001. "The prospects for dividends remain extremely cautious," said Howard Silverblatt, senior index analyst at S&P. Fourth-quarter payments are expected to fall 10%, the worst pullback since 1958, S&P said.
Copyright © 2008 MarketWatch, Inc.
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If you've seen TV footage of an active trading pit, you've probably noticed the atmosphere is uproarious and wild. The reason for all the shouting? Open outcry.
On exchange floors that use the open-outcry system, traders shout prices they want to sell while others yell back the price they want to buy at. They also use hand gestures to communicate with each other.
This system has been used for a long time, but is being replaced with modern technology. Some argue electronic exchanges can do the job faster and more accurately. One of the few exchanges that continue to use open outcry is the New York Mercantile Exchange.
