Dow Jones

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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...

US Oil Surplus Puts Dow Off 65
 US Oil Surplus Puts Dow Off 65  
MARKETS

US Oil Surplus Puts Dow Off 65

(Newser) - Reports of greater-than-expected US oil reserves sent crude prices and markets tumbling today, the Wall Street Journal notes. The manufacturing sector fell, and the Dow’s energy component was off 4.1%. “People are looking at the inventory report today as a really good chance to take some money...

Stocks Down on Job Data
 Stocks Down on Job Data 
MARKET Open

Stocks Down on Job Data

(Newser) - Stocks headed lower at the open today, ahead of much-anticipated testimony from Ben Bernanke, the Wall Street Journal reports. The Dow fell 40 points, while the Nasdaq and S&P fell 13 and 8 points respectively. The US lost 532,000 private sector jobs in May, according to an ADP...

Dow Adds 19 on Housing News
 Dow Adds 19 on Housing News 
MARKETS

Dow Adds 19 on Housing News

(Newser) - Good news from the housing sector outweighed bank troubles today for Wall Street, the Journal reports. Manufacturer Alcoa tacked on 6%, and a housing-industry group said sales in April made the biggest jump in 8 years. Financials fell after more banks announced plans to pay back TARP loans through stock...

Stocks Flat After Big Rally
 Stocks Flat After Big Rally 
MARKET Open

Stocks Flat After Big Rally

(Newser) - Stocks were essentially flat at today's open on the heels of yesterday’s huge rally. The Dow inched down 15 points, while the Nasdaq and S&P fell 0.5% and 0.3%, respectively. Commodity prices were backing off, though oil still hovered around $68 a barrel. Financials were mixed,...

Dow Jumps 221 on GM Filing
 Dow Jumps 221 on GM Filing 
MARKETS

Dow Jumps 221 on GM Filing

(Newser) - Stocks surged today on positive data about personal income, manufacturing, and the long-awaited announcement of General Motors’ bankruptcy. “There is a positive, relief reaction to this filing,” one analyst told the Wall Street Journal. “It’s been hanging over all of our heads.” Energy and construction...

Dow Boots GM, Citi; Travelers, Cisco Take Spots

Overhauls drive firms off Industrial Average, says editor

(Newser) - General Motors and Citigroup are losing their spots on the Dow Jones Industrial Average after GM filed for bankruptcy, MarketWatch reports. Replacing them are Cisco Systems and The Travelers Companies. “A bankruptcy filing immediately disqualifies a stock regardless of a company's history or its role as a cultural icon,...

Stocks Up Despite GM Filing
 Stocks Up Despite GM Filing 
MARKET Open

Stocks Up Despite GM Filing

(Newser) - Stocks shot higher at the open this morning, as rising oil prices and strong manufacturing data from China outweighed news of GM's bankruptcy. The Dow rose 102 points; as of next Monday, the index will no longer include GM and Citigroup. The Nasdaq and S&P were each up 1....

Oil, Transport Send Dow Up 97
 Oil, Transport Send Dow Up 97 
MARKETS

Oil, Transport Send Dow Up 97

(Newser) - Markets tacked on solid gains today, with the Dow and S&P 500 up for a third consecutive month, the Wall Street Journal reports. Oil was up to a 6-month-high, as were transport stocks on hopes of orders. “There are signs things are being transported,” a manager said....

Stocks Look to End Month Up
 Stocks Look to End Month Up 
MARKET Open

Stocks Look to End Month Up

(Newser) - Stocks were modestly higher at the open, as stocks looked to close out the best three-month run they’ve had since 2007. The Dow rose 39 points, while the Nasdaq and S&P were each up 0.5%, reports the Wall Street Journal. For the month, the Dow is up...

Dow Flips on T-Notes, Adds 104
 Dow Flips on T-Notes, Adds 104 
MARKETS

Dow Flips on T-Notes, Adds 104

(Newser) - A well-received auction of Treasury notes and a jump in the price of crude oil pushed markets up today, the Wall Street Journal reports. “There was some real fear coming into this,” a strategist said of yesterday’s worries about government debt. “Clear-cut case of sell on...

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