Dow Jones's 'Market Talk' Report Causes Banking Stocks to Rally
NEW YORK, June 17 /PRNewswire/ -- On June 4, 2009, Dow Jones Newswires reported on a research note issued by RBC Capital Markets, calling an end to the global financial crisis, and arguing that bank stocks will not only outperform this year but begin a multi-year bull market, and even reinstate dividend payments. While this announcement from RBC barely moved the market, two minutes after Dow Jones issued its 'Market Talk' report on RBC's research note, providing additional context and clarity for readers, the KBW bank index started trading higher, rising 3.6%.
Thomson Reuters didn't make mention of the RBC research note until an hour later at 11:01am ET, while Bloomberg was over 90 minutes behind at 11:39am ET. Dow Jones updated the story twice within 90 minutes.
More than 435,000 financial professionals in 66 countries turn to Dow Jones for breaking news, commentary and analysis, including market moving corporate, economic, market, financial and political news. Reporting from nearly 90 bureaus across the globe, Dow Jones publishes up to 12,000 news items each day, in 11 languages, covering all asset classes. Dow Jones' products help its customers build relationships, create market opportunities and enhance trust in their services.
For more information about Dow Jones Newswires, visit www.dowjonesnewswires.com or to learn more about the Dow Jones Enterprise Media Group, visit www.solutions.dowjones.com/solutions.
ABOUT DOW JONES
Dow Jones & Company (www.dowjones.com) is a News Corporation company (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV; www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
SOURCE Dow Jones & Company
