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Jail Ruling Looms After Madoff's Bling Gifts

Prosecutors charge he violated bail by scattering assets

(Newser) - Accused Wall Street swindler Bernard Madoff is enjoying what could be his last hours of luxury inside his palatial $7 million New York apartment after prosecutors demanded his bail be revoked for sending some $1 million in jewelry to family and friends, Reuters reports. Madoff is due in court Thursday...

Dow Dips 81 on Autos, Building
Dow Dips 81 on Autos, Building 
MARKETS

Dow Dips 81 on Autos, Building

Several wireless and financial firms fall after downgrades

(Newser) - Stocks fell today as the markets digested poor, but better-than-forecast, reports in auto sales and construction spending, the Wall Street Journal reports. Though the Dow rose to an 8-week high Friday, it fell 81.80 today to close at 8,952.89. The Nasdaq lost 4.18, closing at 1,...

Stocks Slide on Auto Fears
 Stocks Slide on 
 Auto Fears 
MARKET Open

Stocks Slide on Auto Fears

Dow dips

(Newser) - Stocks slid at the open today, as investors looked with trepidation toward a likely-to-suck auto sales report. The Dow edged down 50 points, while the Nasdaq and S&P lose 0.9% and 0.7% respectively. Analysts believe auto sales will have fallen by about 40% for December. But GM...

Dow Clears 9,000 to Open '09
 Dow Clears 9,000 to Open '09 
MARKETS

Dow Clears 9,000 to Open '09

Market discounts poor manufacturing report

(Newser) - Stocks rallied in the first session of 2009, with energy stocks leading advances on a jump in crude oil prices, MarketWatch reports. GM rose after announced changes to GMAC policy expected to give prospective buyers more financing options. In light trading volume, the Dow climbed 258.30 points to close...

Stocks Start Slowly in 2009
 Stocks Start Slowly in 2009 
MARKET Open

Stocks Start Slowly in 2009

Open flat

(Newser) - Stocks started the new year with a whimper, opening flat in the first trading session of 2009. The Dow rose 26 points, while the S&P and Nasdaq saw 0.3% and 0.2% gains. Many traders were watching oil, which fell $3 today after a 14% surge on Wednesday....

Dow Rises 108 to End Year
 Dow Rises 108 to End Year 
MARKETS

Dow Rises 108 to End Year

Dow off 33%, S&P down 40% for 2008

(Newser) - Stocks posted gains in the last trading session of the year, but this two-day rally will do little to erase the indices' dismal record in 2008, MarketWatch reports. Amid light trading volume ahead of New Year's Day, the Dow gained 108 points to close at 8,776. The Nasdaq closed...

Last '08 Session Starts Flat
 Last '08 Session Starts Flat 
MARKET open

Last '08 Session Starts Flat

Nowhere to go but up?

(Newser) - Stocks started their final 2008 session with tepid optimism, sending the Dow up 28 points, and the Nasdaq and S&P up 0.3% and 0.2% respectively. Fueling the optimism was a stronger-than-expected employment report, which showed new jobless claims dropping by 94,000 last week. Keep an eye...

Dow Rises 184 on GMAC News
 Dow Rises 184 on GMAC News 
MARKETS

Dow Rises 184 on GMAC News

Dow rises 184 despite drops in home prices, consumer confidence

(Newser) - Stocks rose today as investors were encouraged by the extension of at least $5 billion in bailout money to the financing division of General Motors, MarketWatch reports. GMAC said the aid would allow it to offer loans to more US consumers seeking to buy vehicles. The Dow gained 184.46...

Stocks Flat Despite Auto Help
 Stocks Flat Despite Auto Help 
MARKET Open

Stocks Flat Despite Auto Help

(Newser) - Stocks continued their holiday nap today, opening only modestly higher despite an expansion of the auto bailout. The Dow rose 57 points, while the Nasdaq and S&P each rose 0.6%. GM and Ford climbed11% and 2.7% respectively on news that the government would toss $6 billion to...

Dow Drops 32; Crude Rises
 Dow Drops 32; Crude Rises 
MARKETS

Dow Drops 32; Crude Rises

Rohm & Haas, Dow Chemical fall on scuttled Kuwait deal

(Newser) - Stocks saw light losses today as news of trouble in Rohm & Haas’ acquisition of Dow Chemical hurt materials and crude staged a comeback on renewed Middle East tension, MarketWatch reports. The Dow closed down 31.62 points at 8,483.93. The Nasdaq fell 19.92 to close at...

Stocks Flat as Oil Surges
 Stocks Flat as Oil Surges 
MARKET Open

Stocks Flat as Oil Surges

Case Schiller likely to throw this out of whack later

(Newser) - Oil prices soared this morning, as Middle East tensions reached a fever pitch, but stocks barely budged, with the Dow rising a mere 1.83 points, while the Nasdaq and S&P moved up 0.44 and 5.18 respectively. Oil rose above $40 thanks to Israel’s dramatic attacks...

Dow Gains 47 in Light Trading
 Dow Gains 47 in Light Trading 
MARKETS

Dow Gains 47 in Light Trading

Dow up 47; GM advances after GMAC decision

(Newser) - Stocks edged higher today on very thin post-holiday trading volume, with energy firms seeing a boost from crude-oil prices that broke a 4-day losing streak, MarketWatch reports. The Dow gained 47.07 to close at 8,515.55. The Nasdaq climbed 5.34, settling at 1,530.24, and the...

Stocks Get Post-Holiday Bump
 Stocks Get Post-Holiday Bump 
MARKET Open

Stocks Get Post-Holiday Bump

Dow up mildly on light trading

(Newser) - Stocks saw a modest uptick this morning, despite a consumer spending report seemingly designed to puncture post-holiday cheer. The Dow rose 40.93 points, while the S&P and Nasdaq added 3.86 and 5.81, respectively. But volume was extremely low, as many Wall Street denizens took the day...

Dow Gains 49 Before Holiday
 Dow Gains 49 Before Holiday 
MARKETS

Dow Gains 49 Before Holiday

(Newser) - Stocks posted modest gains today amid light holiday trading, the Wall Street Journal reports. Drops were reported in orders for durable goods and consumer spending, but they were smaller than expected. The Dow closed up 48.99 points at 8,468. The Nasdaq gained 3.36 points to settle at...

Sleepy Christmas for Stocks
 Sleepy Christmas for Stocks 
MARKET Open

Sleepy Christmas for Stocks

Investors shrug off negative data

(Newser) - There was plenty of bad news for the market today, but investors largely shrugged it off and turned their minds toward Christmas dinner. The Dow rose a mere 3.64 points at the open, while the S&P gained 2.32 points. Consumer spending fell 0.6% last month, and...

Dow Falls 100 on Gloomy Data
 Dow Falls 100 on Gloomy Data 
MARKETS

Dow Falls 100 on Gloomy Data

GM, Ford fall on ratings downgrades

(Newser) - Stocks fell today amid light holiday-week trading as reports on housing and the economy reminded investors how horrid the year has been, the Wall Street Journal reports. The Dow closed down 100.28 points to close at 8,419.49. The Nasdaq fell 10.81 points to close at 1,...

Stocks Flat on Minimal Trading
 Stocks Flat on Minimal Trading 
MARKET Open

Stocks Flat on Minimal Trading

Everyone's on vacation

(Newser) - It was a sleepy open on Wall Street today, as the major stock indexes mostly jogged in place on low volume, the Wall Street Journal reports. The Dow inched up 50 points, while the Nasdaq and S&P lost 0.6% and 0.7% respectively. The government reported a third-quarter...

Dow Sheds 59 on Ugly Reports
 Dow Sheds 59 on Ugly Reports 
MARKETS

Dow Sheds 59 on Ugly Reports

Indices decline on bad news from Toyota, Walgreens

(Newser) - Stocks fell today after Toyota warned of looming losses and Walgreen announced a reduction in profit, MarketWatch reports. Amid light trading volume, the Dow dropped 59.42 to close at 8,519.69, the Nasdaq fell 31.97, closing at 1,532.35, and the S&P 500 shed 16....

Stocks End Mixed; Dow Up 25
 Stocks End Mixed; Dow Up 25 
MARKETS

Stocks End Mixed; Dow Up 25

Good news from RIM, Oracle help lift tech sector

(Newser) - Stocks ended mixed today as a rally on the news of a White House bailout for the auto industry fizzled over concerns for the larger economy, MarketWatch reports. General Motors led advancing stocks with a 22.7% gain, and the Dow closed up 25.88 at 8,579.11. The...

Auto Rescue Lifts Stocks
Auto Rescue Lifts Stocks 
MARKET Open

Auto Rescue Lifts Stocks

In some ways, these tiny days are a nice change of pace

(Newser) - Stocks started off in the right direction this morning, buoyed by the White House’s rollout of its auto rescue plan. The Dow rose 67 points, while the S&P and Nasdaq added 0.7% and 1.6% respectively, the Wall Street Journal reports. President Bush announced a $17.4...

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