Dow Jones – News Stories About Dow Jones - Page 85

MARKETS

Feb 24, 2009 3:17 PM CST

Street Battles Back; Dow Up 236

Financials lead rally

(Newser) - Stocks rallied today as traders snapped up bargains in the wake of yesterday’s sell-off, the Financial Times reports. Citigroup and Bank of America led the surge after Ben Bernanke said the government would not have to resort to nationalization to save the beleaguered banks. The Dow gained 236.16,...

Dow Off 251;
Lowest Close Since '97

MARKETS

Feb 23, 2009 3:09 PM CST

Dow Off 251; Lowest Close Since '97

Financials do better on reports of that nationalization will be gentle

(Newser) - Stocks fell today as concerns about waning global demand sank shares of giants like IBM, Hewlett-Packard, General Electric, and Alcoa, the Wall Street Journal reports. Citigroup bucked the trend on reports that a government takeover wouldn’t wipe out shareholders, and rose 11%. The Dow fell 250.89 to 7,...

Stocks Make Modest Gains

MARKET Open

Feb 23, 2009 8:46 AM CST

Stocks Make Modest Gains

(Newser) - Stocks went modestly higher at the open today, with the Dow up about 60 points and the Nasdaq and S&P gaining 0.5% and 0.9% respectively, driven by big gains in financials. Citigroup was up 18%, after the Wall Street Journal reported that the government might convert its...

Analysts:
We Haven't Hit Bottom Yet

Feb 21, 2009 10:28 AM CST

Analysts: We Haven't Hit Bottom Yet

Market isn't following pre-recovery trends, say experts

(Newser) - With its 6% dive this week, the Dow has now taken back all of its gains since the end of the last bear market in 2002. So we're ready to climb again, right? Not quite. Analysts tell the Washington Post that markets aren’t behaving as they typically do when...

Dow Ends Sorry Week Off 101

MARKETS

Feb 20, 2009 3:21 PM CST

Dow Ends Sorry Week Off 101

Nationalization talk spurs financial sell-off

(Newser) - Stocks lost value again today as talk of nationalizing top US banks spurred investors to sell financials, MarketWatch reports. The Obama administration tried to tamp down the nationalization chatter, but without success. Meanwhile, General Electric and General Motors fell 6% and 16%, respectively. The Dow lost 100.28 to close...

Stocks Can't Stop Bleeding

MARKET Open

Feb 20, 2009 8:52 AM CST

Stocks Can't Stop Bleeding

(Newser) - Stocks continued their march downward at the open today, following a wave of selloffs around the globe. The Dow dropped 136 points, after closing at a six-year low yesterday. The S&P plunged 1.8%, while the Nasdaq was off 1.1%. Yesterday’s US losses triggered a wave of...

Dow Drops to 6-Year Low

MARKETS

Feb 19, 2009 3:22 PM CST

Dow Drops to 6-Year Low

Fifth Third Bancorp reports losses

(Newser) - Stocks fell again today, with the Dow sinking to its lowest point in six years, MarketWatch reports. The usual financials led declines, with poor results from Fifth Third Bancorp souring sentiment. The Dow fell 89.68 points to close at 7,465.95. The Nasdaq lost 25.15 points, closing...

Stocks Mixed; Dow Up 3 Points

MARKETS

Feb 18, 2009 3:17 PM CST

Stocks Mixed; Dow Up 3 Points

Greenspan comments on nationalization keep financials down

(Newser) - Stocks vacillated between minor gains and losses today, perking up slightly after President Obama announced his housing plan, MarketWatch reports. Financials continued to slide after Alan Greenspan suggested in a Financial Times interview that bank nationalization would be the “least bad” way to solve the crisis. The Dow gained...

Dow Plunges Nearly 300

Feb 17, 2009 3:14 PM CST

Dow Plunges Nearly 300

Global markets set losing tone for NYSE

(Newser) - Stocks plunged today as President Obama signed the economic stimulus package into law, MarketWatch reports. With a negative tone set by losses in the overseas stock markets, financials led declines, with Bank of America, Citigroup, JP Morgan Chase, and American Express all down at least 9%. The Dow lost 297....

Dow Ends Bad Week Down 82

MARKETS

Feb 13, 2009 3:23 PM CST

Dow Ends Bad Week Down 82

Energy firms see gains on oil rally

(Newser) - Stocks fell today after treading water for most of the session, the Wall Street Journal reports. Financials fell, but a rise in energy stocks spurred by a $3.53 gain in the price of oil buoyed indices somewhat. The House passage of the stimulus plan seemed to have little effect...

Stocks Mixed, Dow Down 6.7

MARKETS

Feb 12, 2009 3:25 PM CST

Stocks Mixed, Dow Down 6.7

Obama mortgage plan helps stocks recover

(Newser) - Stocks ended mixed today, recovering from sharp losses on reports that the Obama administration is planning a program to subsidize mortgage payments for some homeowners, the Wall Street Journal reports. Nonetheless, continued uncertainty over how the Treasury’s rescue plan will value the so-called “toxic” assets kept bank stocks...

Dow Up 50 on Stimulus Deal

MARKETS

Feb 11, 2009 3:21 PM CST

Dow Up 50 on Stimulus Deal

Stocks stage mild recovery after yesterday's rout

(Newser) - Stocks posted mild gains today, MarketWatch reports. The indices had fallen to losses but headed up again after Harry Reid announced that the Senate had reached an agreement on the stimulus package. Beleaguered banks Citigroup and Bank of America were both up 8% after yesterday’s sell-off. The Dow rose...

Dow Plunges 382 Points

MARKETS

Feb 10, 2009 3:14 PM CST

Dow Plunges 382 Points

Geithner's rescue plan lacks sufficient detail to reassure investors

(Newser) - Stocks plummeted today as investors found Timothy Geithner’s description of the bank rescue plan too broad to spur a revival in financial stocks, MarketWatch reports. Analysts criticized Geithner’s announcement for failing to sufficiently describe the role of private capital in the rescue. Citigroup and Bank of America both...

Indexes Mixed, Dow Drops 10

MARKETS

Feb 9, 2009 3:16 PM CST

Indexes Mixed, Dow Drops 10

All eyes are on Treasury's bank plan

(Newser) - Markets were mixed today as the delayed White House bank bailout plan left investors with little to go on, MarketWatch reports. Still, some financials soared, with Bank of America up 11.28% and insurers Hartford and Genworth Financial up at least 14%. The Dow fell 9.96 points to close...

Stimulus Hope Lifts Dow 217

MARKETS

Feb 6, 2009 3:21 PM CST

Stimulus Hope Lifts Dow 217

Market shrugs off 7.6% unemployment

(Newser) - Stocks rallied today as investors anticipated quick action on a stimulus package, MarketWatch reports. Unemployment for January was 7.6%, but investors are betting the frightening figure will spur Congress to expedite the bill. The Dow rose 217.52 to close at 8,280.59. The Nasdaq gained 45.47...

Dow Up 106; Hope for a Bottom

MARKETS

Feb 5, 2009 3:18 PM CST

Dow Up 106; Hope for a Bottom

MasterCard's success boosts financials

(Newser) - Stocks rebounded after initially falling lower today, as investors snapped up bargains from depressed equities, MarketWatch reports. MasterCard led advances with a 14% gain after beating profit estimates. Wal-Mart was another strong performer, rising 4.33% on strong January sales. The Dow closed up 106.41 at 8,063.07....

Retail Drives Dow Down 122

MARKETS

Feb 4, 2009 3:15 PM CST

Retail Drives Dow Down 122

Bank of America continues fall as government fix remains unclear

(Newser) - The stock market saw losses today as ugly earnings reports and continued uncertainty over the banking sector soured investor confidence, the Wall Street Journal reports. Bank of America, off 10.6%, was that sector’s big casualty; a grim forecast pushed Costco down 6.8%. The Dow fell 121.70...

Dow Rebounds, Rises 142

MARKETS

Feb 3, 2009 3:13 PM CST

Dow Rebounds, Rises 142

Banks still feel pain ahead of next bailout

(Newser) - Stocks bounced back in the wake of yesterday’s sell-off, with news of a rise in December existing-home sales feeding optimism, the Wall Street Journal reports. Merck continued to rise after reporting a quarterly profit, closing up 7.7% and boosting other pharmaceuticals. The Dow closed up 141.53 points...

Stocks Mixed, Dow Down 64

MARKETS

Feb 2, 2009 3:06 PM CST

Stocks Mixed, Dow Down 64

Banks, manufacturing weigh on blue-chip index

(Newser) - Stocks ended mixed today amid a slew of reports of declining earnings and slashed forecasts, the Wall Street Journal reports. Bank shares and manufacturers like Boeing, 3M, and GM led the Dow’s decliners, pushing the index down 64.11 to close at 7,936.75. Tech stocks saw modest...

Dow Off 149,
Down 8.8% for Month

MARKETS

Jan 30, 2009 3:18 PM CST

Dow Off 149, Down 8.8% for Month

GDP report ends month of layoffs, losses

(Newser) - Stocks extended losses today off the news of a 3.8% decline in US GDP for the fourth quarter, ending a turbulent month, MarketWatch reports. The report capped a week of widespread layoffs and poor earnings at major US firms. Amazon.com was a rare exception, up 18% on strong...