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Dow Off 23 on Fed Rate News
 Dow Off 23 on Fed Rate News 
MARKETS

Dow Off 23 on Fed Rate News

(Newser) - Markets were mixed today as positive economic indicators and surging tech stocks battled with a Fed announcement that interest rates would be held near zero, the Wall Street Journal reports. The Dow lost early momentum, but the Nasdaq flourished. “We’ve basically come through a panic phase,” an...

Boeing Drops; Dow Loses 16
 Boeing Drops; Dow Loses 16 
MARKETS

Boeing Drops; Dow Loses 16

Bank of America, JP Morgan Chase post modest advances

(Newser) - Stocks were mixed today, between a slide by Boeing and a successful auction of 2-year Treasury notes, the Wall Street Journal reports. Another delay for its Dreamliner dragged Boeing down 6.27%; Bank of America and JP Morgan Chase both advanced after yesterday’s sell-off. The Dow fell 16.10...

Banks, Energy Fall; Dow Off 201
 Banks, Energy Fall; Dow Off 201 
MARKETS

Banks, Energy Fall; Dow Off 201

Dow, S&P 500 now negative for 2009

(Newser) - A global rout in materials and energy stocks combined with a sell-off in financials to wreak havoc on US markets today, the Wall Street Journal reports. The Dow closed down 200.72 at 8,339.01. The Nasdaq lost 61.28, closing at 1,766.19, and the S&P...

Stocks Sink on World Bank Report
 Stocks Sink 
 on World Bank Report 
MARKET Open

Stocks Sink on World Bank Report

(Newser) - Stocks tumbled this morning after the release of a grim forecast by the World Bank. The Dow tumbled about 100 points, while the Nasdaq and S&P each dropped 1.6%. The World Bank predicted the economy would shrink 2.9% this year, a big downward revision from its previous...

Stocks Mixed; Dow Off 16
 Stocks Mixed; Dow Off 16 
MARKETS

Stocks Mixed; Dow Off 16

Weak gains for Nasdaq, S&P cap week of losses

(Newser) - Stocks ended mixed for the day and lower for the week, as gains in financials made up for losses in energy spurred by falling oil prices, MarketWatch reports. Bank of American and American Express each rose about 2%, which analysts saw as investors covering short positions. The Dow fell 15....

Health Care Nudges Dow Up 58
 Health Care Nudges Dow Up 58 
MARKETS

Health Care Nudges Dow Up 58

(Newser) - Markets were up today on a strong performance from the volatile financial sector and continued gains for health-care stocks, the Wall Street Journal reports. Investors are confident that President Obama's health reform will be whittled down, leaving room for industry profits. The Dow was up 58.42, to 8,555....

Obama Plan Puts Dow Off 7
 Obama Plan Puts Dow Off 7 
MARKETS

Obama Plan Puts Dow Off 7

(Newser) - Markets were mixed today as a perky health-care sector was held in check by poor performance in energy stocks and wariness over President Obama’s financial regulatory plan, the Wall Street Journal reports. Oil and commodities prices slipped as investors seemed to gird for a continued lull in consumer activity....

Dow Off 107 on Weak Data
 Dow Off 107 on Weak Data 
MARKETS

Dow Off 107 on Weak Data

More poor manufacturing news saps stocks

(Newser) - Stocks fell further today as markets absorbed more poor economic data, the Wall Street Journal reports. National industrial production fell 1.1% in May, the Federal Reserve announced. The Dow Jones producer-price index rose only 0.2% in May, short of the expected 0.6% increase. The Dow lost 107....

Manufacturing Stats Send Dow Down 187
 Manufacturing Stats 
 Send Dow Down 187 
MARKETS

Manufacturing Stats Send Dow Down 187

Manufacturing, housing demand reports disappoint

(Newser) - Stocks fell today as a sharp monthly decline in the New York Fed’s manufacturing index hammered the materials, industrial, and energy sectors, the Wall Street Journal reports. Alcoa fell 6.3%, with Caterpillar, John Deere, and GE also down. In housing, the National Association of Home Builders’ index of...

Manufacturing Data Kill Stocks
 Manufacturing Data Kill Stocks 
MARKET Open

Manufacturing Data Kill Stocks

(Newser) - Stocks plunged at the open today, after an ugly New York manufacturing report, the Wall Street Journal reports. The Dow sunk 120 points, while the Nasdaq and S&P lost 1.5% and 1.4% respectively. The New York Fed’s manufacturing survey dropped to -9.41 from -4.55...

Dow Jumps 28, Ends at 2009 High
 Dow Jumps 28, 
 Ends at 2009 High  
MARKETS

Dow Jumps 28, Ends at 2009 High

(Newser) - Markets were mixed today, but the Dow closed at its highest end point in 2009 even as tech and material stocks pulled down other indices, the Wall Street Journal reports. The resurgent dollar cut deeply into the commodities sector. A NYSE computer malfunction also temporarily halted trading in some stocks....

Bond Sales Drive Dow Up 32
 Bond Sales Drive Dow Up 32 
MARKETS

Bond Sales Drive Dow Up 32

(Newser) - Markets were up today on a successful sale of 30-year Treasury notes and other indicators of economic recovery, the Wall Street Journal reports. Bank of America saw a 9% upswing after its CEO testified on Capitol Hill. The Dow gained 31.90 to 8,770.92. The S&P rose...

T-Note Auction Puts Dow Off 24
 T-Note Auction Puts Dow Off 24 
MARKETS

T-Note Auction Puts Dow Off 24

(Newser) - Markets fell today as an auction pushed yields on 10-year Treasury notes higher, the Wall Street Journal reports. A 30-year sale is scheduled for Friday. “Higher interest rates are not good for anyone,” said one broker. “It’s going to kill the refinancing boom.” The Dow...

Stocks, Oil Jump Together
 Stocks, Oil Jump Together 
Market Open

Stocks, Oil Jump Together

(Newser) - Stocks jumped at the open today, with the Dow up 61 points, the Nasdaq adding 0.5%, and the S&P gaining 0.7%, powered by strong moves in its energy and basic materials sectors. That was due in part to the surge in fuel prices, with oil clearing $71...

Dow Off 1 on TARP Repayment
 Dow Off 1 on TARP Repayment 
MARKETS

Dow Off 1 on TARP Repayment

(Newser) - The market was mixed today after the government announced TARP repayment plans, the Wall Street Journal reports. Oil surged past $70 a gallon, and the transport industry saw declines. The Nasdaq rose on hopes that electronics retail is picking up. The Dow was off 1.43 to 8,763.06....

Stocks Flat Ahead of TARP News
 Stocks Flat Ahead of TARP News 
MARKET open

Stocks Flat Ahead of TARP News

(Newser) - Stocks barely moved at today's open as traders awaited details on which banks would get approval to repay TARP funds, the Wall Street Journal reports. The Dow climbed less than 20 points; Procter & Gamble fell 1.4% after announcing its succession plans. The Nasdaq rose 0.6% and the...

Banks Rally Late; Dow Up 1
 Banks Rally Late; Dow Up 1 
MARKETS

Banks Rally Late; Dow Up 1

(Newser) - The market was level today as financials awaited notice of which companies would be allowed to pay back TARP funds, the Wall Street Journal reports. The good news contrasted with a drop-off in commodities and a poor performance by Apple, which announced new iPhones, laptops, and operating systems. The Dow...

Dow Ends Big Week Up 13
 Dow Ends Big Week Up 13 
MARKETS

Dow Ends Big Week Up 13

(Newser) - The markets stalled today even as the Dow flirted with its peak for the year, the Wall Street Journal reports. An early rally on better-than-expected job loss data lost steam on news that the unemployment rate itself grew to its highest since 1983. And insiders aren’t sure that oil...

Dow Up 75 on Jobless Data
 Dow Up 75 on Jobless Data 
MARKETS

Dow Up 75 on Jobless Data

(Newser) - Markets edged up today on good unemployment claims and productivity data, the Wall Street Journal reports. But traders appear to be holding out for tomorrow’s employment report, and the rising price of oil continues to worry. “We have to hope it doesn't go to $80,” one trader...

Stocks Up on Positive Job Data
 Stocks Up on Positive Job Data 
MARKET Open

Stocks Up on Positive Job Data

(Newser) - Stocks inched higher this morning as investors chewed on retailer and jobs data. The Dow added 17 points while the Nasdaq and S&P rose 9.03 and 3.17 points respectively. Jobless claims took a rare step in the right direction last week, with ongoing claims dropping for the...

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