stock market

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Indexes Hit 2009 Highs; Dow Closes Up 54
 Indexes Hit 2009 Highs; 
 Dow Closes Up 54 
MARKETS

Indexes Hit 2009 Highs; Dow Closes Up 54

Jobless numbers, metals sector spark wide rally

(Newser) - The major stock exchanges hit highs for the year today as traders reacted positively to news that new jobless claims grew less than projected. Health care was the only sector showing broad losses, a reaction to the Senate's passage of the health care bill, the Wall Street Journal reports.
  • The
...

Dow Edges Up 2 Points Despite Housing Data

Rise in commodities prices push markets into positive territory

(Newser) - An afternoon surge in commodities prices helped the markets overcome a worse-than-expected report on sales of new homes, reports MarketWatch .
  • The Dow gained 2 points to close at 10,466.
  • The Nasdaq rose 17 points to 2,270.
  • The S&P 500 rose 3 points to 1,121.

Stocks Finish Worst Decade Ever

Yes, even worse than the 1930s

(Newser) - Unless something really drastic happens in the next few days, the 2000s will be the worst decade in recorded stock market history—and that’s going back to 1820, folks. You would have been better off putting your money under your mattress than investing in stocks in 1999; since then,...

Stocks Surge on Jobs News
 Stocks Surge 
 on Jobs News 
Markets open

Stocks Surge on Jobs News

Better-than-expected unemployment news pleases traders

(Newser) - This morning's better-than-expected unemployment figures sent markets up in a hurry at the opening bell. The Dow rose about 130 points in the opening minutes on news that employers shed just 11,000 jobs in November, the fewest since 2007, notes MarketWatch . The figures brought the unemployment rate down to...

UAE Stocks Plunge on Dubai Fears; Asia Rebounds

Abu Dhabi exchange drops more than 8%

(Newser) - Stock markets plummeted in the United Arab Emirates today, in response to Dubai’s credit woes. The Abu Dhabi Stock Exchange lost more than 8% in heavy trading, while the Dubai Financial Market, a currency exchange, lost 7%. Stocks heavily linked to Dubai did especially poorly; ports operator DP World...

Dow Down 154 in Wake of Dubai Crisis
 Dow Down 154 
 in Wake of Dubai Crisis 
MARKETS

Dow Down 154 in Wake of Dubai Crisis

American exchanges follow worldwide markets into tailspin

(Newser) - The ripple effect from the Dubai debt crisis shook markets around the world today, with American exchanges rebounding from their morning lows but still registering significant losses, the Wall Street Journal reports.
  • The Dow dropped 154.48 points to close at 10,309.92
  • The Nasdaq fell 37.61 to
...

Dubai Knocks Dow Down 222 at Open
 Dubai Knocks Dow 
 Down 222 at Open 
MARKETs

Dubai Knocks Dow Down 222 at Open

Debt problems send stocks tumbling in short session

(Newser) - Stocks braced for a short but ugly Thanksgiving hangover, thanks to news of big debt problems in Dubai. The Dow tumbled 222 points at the open, while the S&P fell 25 and the Nadaq 57, reports the Wall Street Journal . While US traders were enjoying their turkey yesterday, global...

Give Thanks We're Not Thanking Wall St.
Give Thanks We're Not Thanking Wall St.
THOMAS FRANK

Give Thanks We're Not Thanking Wall St.

Be grateful for new skepticism on financial industry

(Newser) - There won't be a lot of people thanking the financial industry this Thanksgiving, and that in and of itself may be cause to be thankful, writes Thomas Frank. There's been a shift in thinking and newly skeptical Americans no longer believe that the market is omniscient or that colossal Wall...

Goldman to Insurers: Health Reform Will Hurt


 Goldman to Insurers: 
 Health Reform Will Hurt 

best plan is no plan

Goldman to Insurers: Health Reform Will Hurt

Who knew Wall Street and teabaggers could agree?

(Newser) - Here's a reason for Goldman Sachs to be even more popular with the public: The investment bank has issued research on private health insurers advising that fighting off reform would best for their bottom line. Goldman takes as the “base” case passage of the bill that exited the Senate...

Dow Jumps 204 to 52-Week High
 Dow Jumps 204 to 52-Week High
MARKETS

Dow Jumps 204 to 52-Week High

Easy money, robust earnings prove a winning combination

(Newser) - Stocks rallied today as traders positioned themselves to profit off the next series of gains, spurred by the Fed's continuation of loose monetary policy and strong corporate earnings.
  • The Dow rose 203.52 points to close at 10,276.94.
  • The Nasdaq gained 41.62, settling at 2,154.06.
...

Dow Up 30 After Rally Fizzles
 Dow Up 30 After Rally Fizzles 
MARKETS

Dow Up 30 After Rally Fizzles

Merck sees big gains on earnings projection

(Newser) - A rally that saw the Dow up almost 140 points on the Fed’s announcement that it would keep interest rates low for an “extended period” collapsed in the final hour of trading today, the Wall Street Journal reports.Tanking insurance stocks were blamed.
  • The Dow closed up 30
...

Bubbles Reinflating, World Bank Warns

Asian asset prices soaring as recovery takes hold

(Newser) - Efforts to boost economic recovery are having the dangerous side effect of creating new bubbles in property, stock, and currency markets, the World Bank warned yesterday. Commodity prices are also surging, with gold hitting a record price yesterday. The effect is most pronounced in Asia, where recovery has come soonest,...

Dow Ends Shaky Day Up 76
 Dow Ends Shaky Day Up 76 
MARKETS

Dow Ends Shaky Day Up 76

Markets continue 7th day of wild variations

(Newser) - Stocks seesawed today as good economic data on industry and the housing sector drove big early gains, which then fell victim to selloffs in the financial sector, the Wall Street Journal reports.
  • The Dow climbed 76.71 points to close at 9,789.44.
  • Nasdaq tacked on 4.09 to
...

Dow Falls 120 on Shaky Data
 Dow Falls 120 on Shaky Data 
MARKETS

Dow Falls 120 on Shaky Data

Oil and metal prices see big drops

(Newser) - Stocks tumbled into the close today as investors grew increasingly risk-averse after the release of disappointing reports on durable goods and new-home sales, the Wall Street Journal reports.
  • The Dow fell 120 points to close at 9,762.
  • The Nasdaq dropped 56 points to 2,060.
  • The S&P 500
...

Dow Falls 92, Ends Below 10,000
 Dow Falls 92, 
 Ends Below 10,000 
MARKETS

Dow Falls 92, Ends Below 10,000

Analyst's Wells Fargo cut has far-reaching impact

(Newser) - Stocks tanked today in the final hour of trading after renowned analyst Dick Bove downgraded Wells Fargo to “sell.” The bank had posted $3.2 billion in third-quarter net income, but it also reported rising loan delinquencies. Home Depot, Merck, and Boeing all saw losses as the broader...

Dow Falls 51 on Housing
 Dow Falls 51 on Housing 
MARKETS

Dow Falls 51 on Housing

Coca-Cola, DuPont earnings disappoint

(Newser) - Stocks fell today on disappointing earnings and a poor housing report. The market got off to a weak start when numbers on new-home construction were weaker than expected. Poor earnings reports from DuPont and Coca-Cola didn’t help, though Caterpillar, which posted a less severe profit drop than expected, boosted...

Dow at 10,000? 'Hold the Cheering'
Dow at 10,000?
'Hold the Cheering'
analysts' reactions

Dow at 10,000? 'Hold the Cheering'

It's decent news, but let's not get carried away

(Newser) - The Dow hit 10,000 today, but most analysts aren't exactly falling off their chairs in excitement:
  • Mark Hulbert, MarketWatch: "It would be entirely in investors' rights to feel pretty good about it. But they're not, on the whole. That's surprising, and suggests to contrarian analysts" that a "
...

Dow Hits 10,000 for First Time in Year

Markets propelled by strong earnings from Intel, JPMorgan

(Newser) - The Dow Jones industrial average reached 10,000 today for the first time since Oct. 7, 2008. The milestone, which triggered a whoop from the trading floor, was buoyed by surprisingly strong earnings reports from Intel and JPMorgan. The latter stoked the market's optimism as it handily beat Wall Street's...

JPMorgan Earns $3.6B, Despite Loan Losses

Market soars as investment profits give bank strong 3rd quarter

(Newser) - JPMorgan Chase reported strong third-quarter earnings today as its thriving investment banking business more than offset rising consumer loan losses that the bank warned would continue. The company, the first of the big banks to report, showed a $3.59 billion profit, or 82 cents per share. But it also...

Dow Up 112 Ahead of 3Q Earnings
 Dow Up 112 
 Ahead of 3Q Earnings 
MARKETS

Dow Up 112 Ahead of 3Q Earnings

September strength in service sector gives stocks a boost

(Newser) - Stocks surged to gains late in the session today, as traders placed bets ahead of the third-quarter earnings season. Alcoa, which is expected to report a strong quarter, gained 4.6%. The ISM reported an upturn in the service sector in September—its index rose to 50.9, with a...

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