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Oil Surges; Markets Record Weekly Gains

Consumer confidence hits 28-year low

(Newser) - Stocks fell, then climbed back almost to opening levels today to wrap up a generally strong week. Yet another record oil price—almost $128 a barrel—drove early losses, and a report of the lowest consumer-confidence rating in 28 years did not help. The Dow closed down 5.86 at...

Stocks Rise on Deals, Lower Oil
 Stocks Rise on Deals, Lower Oil  
MARKETS
May 15, 2008 3:24 PM CDT

Stocks Rise on Deals, Lower Oil

Merger buzz bets weak economic data

(Newser) - Stocks rose for the fourth consecutive day today as deal-making buzz from Internet firms and a Tiffany’s-led retail rally offset a rise in weekly jobless claims and contraction in New York- and Philadelphia-region manufacturing, MarketWatch reports. The Dow rose 94.28, closing at 12,992.66, while the S&...

Inflation News Boosts Stocks
 Inflation News Boosts Stocks  
MARKETS
May 14, 2008 3:38 PM CDT

Inflation News Boosts Stocks

Consumer-price data better than expected

(Newser) - Stocks were up today on consumer price data showing lower-than expected inflation and on declining oil prices. A Labor Department report showed the CPI rose only 0.2% in April, reports the Wall Street Journal. The Dow ended up 65.71 to 12,897.89, the Nasdaq rose 1.58...

Bad News Pummels Stocks
 Bad News Pummels Stocks 
MARKETS
May 9, 2008 3:28 PM CDT

Bad News Pummels Stocks

AIG, Citi, oil spook investors; even commodities look less safe in downturn

(Newser) - Stocks performed poorly today, battered by another new oil high and bad news from AIG and Citigroup, Bloomberg reports. The Dow lost 120.90 to end at 12,745.88, with a weekly loss of 2.4%. The S&P 500 shed 9.50 to 1,388.28, while the...

Journal Staff Uneasy as Murdoch Era Rolls On
Journal Staff Uneasy as Murdoch Era Rolls On
analysis
May 9, 2008 10:59 AM CDT

Journal Staff Uneasy as Murdoch Era Rolls On

Some worry paper will lose its business edge

(Newser) - Tensions are running high in the Wall Street Journal’s newsroom, the New Republic reports, as staffers wonder just where this Murdoch thing is going. Managing editor Marcus Brauchli’s resignation still hangs heavy in the air. Murdoch pushed Brauchli to resign, and paid him millions to sign a non-disclosure...

Markets See Gains From Retail
 Markets See Gains From Retail 
MARKETS
May 8, 2008 3:23 PM CDT

Markets See Gains From Retail

But oil trades at $123.69, limiting rally

(Newser) - The markets achieved solid gains today as better-than-expected sales from big-box discount retailers encouraged investors worried over oil prices still in record territory, the Wall Street Journal reports. The Dow gained 52.43 to close at 12,866.78, while the Nasdaq rose 12.75 to 2,451.24. The...

Stocks Sink as Crude Soars
 Stocks Sink as Crude Soars 
MARKETS
May 7, 2008 3:44 PM CDT

Stocks Sink as Crude Soars

Investors worry about impact on consumers

(Newser) - Stocks zoomed downward today as oil topped $123 a barrel, hastening a sell-off by anxious investors. "You can still get a lot of nervousness when they see these daily moves in crude, along with follow-through in the stock market," an analyst tells the Wall Street Journal. The Dow...

Jobs Rally Fizzles; Stocks Mixed
 Jobs Rally Fizzles; Stocks Mixed 
MARKETS
May 2, 2008 3:37 PM CDT

Jobs Rally Fizzles; Stocks Mixed

Cautious market not fully inspired by jobs, Fed action

(Newser) - The markets ended mixed today as a rally spurred by news of fewer April job losses than expected and the Fed's bank-liquidity expansion died down before the closing bell, MarketWatch reports. The Dow rose 48.20, closing at 13,058.20, and the S&P 500 gained 4.56 to...

Stocks Rally; Dow Up Almost 200
 Stocks Rally; Dow Up Almost 200 
MARKETS
May 1, 2008 3:24 PM CDT

Stocks Rally; Dow Up Almost 200

Fed's latest actions draw late but rave reviews

(Newser) - Stocks rallied today on strong performances by several big tech firms, MarketWatch reports. Investors also poured money into financials in anticipation of the dollar boost the Fed will cause by holding interest rates steady after yesterday’s cut. The Dow climbed 189.87 to at 13,010.00, the Nasdaq...

WSJ Oversight Panel Slams Editor's Ouster

Removal violated 'letter and spirit' of agreement with News Corp.

(Newser) - A committee formed to protect the editorial independence of the Wall Street Journal from Rupert Murdoch’s influence said today the solicited resignation of managing editor Macrus Brauchli violated an agreement with Murdoch's News Corporation, Reuters reports. The committee is supposed to review all high-level hirings and firings, but, as...

AmEx Leads Dow Rally
 AmEx Leads Dow Rally 
MARKETS
Apr 25, 2008 3:39 PM CDT

AmEx Leads Dow Rally

Oil jumps on worries about supplies in UK, Nigeria

(Newser) - Stocks were mixed today as financials rallied but Microsoft dragged down the tech sector.  Nevertheless, all three major indexes recorded back-to-back weekly gains for the first time since February, Bloomberg reports. The Dow closed up 42.91 at 12,891.86, the Nasdaq dipped 5.99 to 2,422....

Merrill's Strength Leads Rally
 Merrill's Strength Leads Rally 
MARKETS
Apr 24, 2008 3:38 PM CDT

Merrill's Strength Leads Rally

Good news from broker overshadows poor housing news

(Newser) - Stocks rallied to solid gains today as good news from Merrill Lynch and better-than-expected jobless claims data overshadowed poor housing and durable-goods news, MarketWatch reports. The Dow gained 85.73 to close at 12,848.95, while the Nasdaq rose 23.71 to 2,428.92. The S&P 500...

Techs Give Lift to Markets
 Techs Give Lift to Markets 
MARKETS
Apr 23, 2008 3:38 PM CDT

Techs Give Lift to Markets

Stocks post modest gains as some financials struggle

(Newser) - Stocks ended slightly up today on mixed news, as techs did well but many financials struggled. "Tech is one of the few bright spots across a sluggish earnings quarter," a market strategist tells the Wall Street Journal. The Dow ended up 42.99 to 12,763.22, the...

Exiting Journal Editor Was Stuck Between Rupe and 'DNA'

Murdoch wanted own man, faster change

(Newser) - Continuing to report on the aftershocks of its own takeover, the Wall Street Journal does a postmortem on the departure of top editor Marcus Brauchli, detailing his uncomfortable position between a demanding new owner and the paper's institutional “DNA.” Rupert Murdoch wanted to build a direct competitor to...

Read All About It: Journal Posts 'Help Wanted' Sign

Managing editor quits, will consult for News Corp.

(Newser) - After Marcus Brauchli officially resigned as managing editor of the Wall Street Journal this afternoon, the paper said it will "begin a search for Mr. Brauchli's replacement immediately." That may prove difficult: Brauchli, who will remain with News Corp. as a consultant,   wasn't given the control over...

Top Editor Bails on Journal
Top Editor
Bails on
Journal
Apr 22, 2008 9:54 AM CDT

Top Editor Bails on Journal

Four months under Murdoch regime enough for Brauchli

(Newser) - Four months into the Rupert Murdoch era, the Wall Street Journal’s managing editor is resigning. Marcus Brauchli, in the job since May, has tried to chart a path between Murdoch and the paper’s traditionalists, sources told Time, which broke the story on its website. The split is said...

Strong Earnings Propel Rally
 Strong Earnings Propel Rally 
MARKETS
Apr 18, 2008 3:22 PM CDT

Strong Earnings Propel Rally

Nasdaq up almost 5%, Dow and S&P jump 4% for the week

(Newser) - Stocks rallied to weekly gains today as the markets absorbed last night's strong earnings report from Google and industrial multinationals Caterpillar and Honeywell recorded unexpected first-quarter growth, Bloomberg reports. Google propelled the Nasdaq up 61.14 to close at 2,402.97. The Dow rose 228.87 to 12,849....

Stocks Flat After Day in Red
 Stocks Flat After Day in Red 
MARKETS
Apr 17, 2008 3:27 PM CDT

Stocks Flat After Day in Red

Mixed data leads to seesaw after Wednesday's rally

(Newser) - The Dow ticked up 1.22 points to close at 12,620.49 today, after a flood of mixed earning reports mostly kept stocks down during the session. One analyst was impressed the market didn’t dip, saying it “seems to be holding up relatively well, especially after yesterday’...

Stocks Seesaw, Close Down
 Stocks Seesaw, Close Down 
MARKETS
Apr 14, 2008 3:34 PM CDT

Stocks Seesaw, Close Down

Investors hold their breath for coming Q1 earnings reports

(Newser) - Stocks wobbled today, eventually posting modest losses as investors still processing GE’s poor results absorbed Wachovia's unexpected losses and steeled themselves for more disappointment from first-quarter earnings reports. The Dow ended the day down 23.36 at 12,302.06, the Nasdaq dropped 14.42 to 2,275.82,...

Markets Plunge on GE News
 Markets Plunge on GE News 
MARKETS
Apr 11, 2008 3:46 PM CDT

Markets Plunge on GE News

Dow drops 256 points after surprisingly weak earnings report

(Newser) - The markets went into a tailspin today after GE shares declined 13%—the company's worst performance since the 1987 crash, the Wall Street Journal reports. The Dow fell 256.56 points to close at 12,325.42, the Nasdaq dropped 61.46 points to 2,290.24, and the S&...

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