stock market

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Bernanke: Fed Will Do More to Boost Economy

Stock market soars

(Newser) - The Federal Reserve isn't ready to take its foot off the gas pedal. In a speech this morning in Arlington, Virginia, Ben Bernanke said that while the Fed was encouraged by the downward trend in unemployment numbers, it believes that the economy needs “continued accommodative policies” to keep...

Etch A Sketch Stock Soars on Romney Aide's Gaffe

Climbs more than 200% to $12.50 per share

(Newser) - Bad news for Mitt Romney has been great news for Etch A Sketch: Stock in the toy's maker soared 212.5% after Romney spokesman Eric Ferhnstrom compared the campaign to one . Ohio Art's stock stood at $4 per share at the beginning of the day yesterday; at...

Apple to Pay First Dividend Since 1995

Company authorizes buyback as well, will plow through $45B

(Newser) - Apple shareholders ought to be even happier with the company than usual this morning, as the gadgets giant announced plans to spend $45 billion of its $97 billion in cash reserves on a buyback and a dividend program. Of that, $10 billion will go to a buyback authorization—though Business...

Dow Passes 13K Mark
 Dow Passes 13K Mark 
Feb 21, 2012 10:34 AM CST

Dow Passes 13K Mark

Last time it did so: May 20, 2008

(Newser) - Huge milestone today: The Dow crossed the 13,000 mark, the first time since before the 2008 financial crisis that it has done so. The last time it made it above that milestone was on May 20, 2008, four months before Lehman Brothers went under. Behind today's bump: the...

You Should Buy Apple Stock
 You Should Buy Apple Stock 
Farhad Manjoo
Feb 16, 2012 10:37 AM CST

You Should Buy Apple Stock

Farhad Manjoo thinks Apple still has nowhere to go but up

(Newser) - You might think that with its stock north of $500 a share, after rising 30% in six months, that Apple has peaked financially. But you'd be wrong, writes Farhad Manjoo of Slate . Apple's price-earnings ratio is still a humble 14—cheaper even than Google, Amazon, and even beleaguered...

Nasdaq Hits 11-Year High; Dow Rises 157

It's Dow's best finish since 2008

(Newser) - Today's rosy jobs report did wonders for the markets. The tech-heavy Nasdaq, in fact, closed at an 11-year high, reports MarketWatch , while the Dow finished at its highest level since May 2008, notes the Wall Street Journal . The numbers:
  • Dow: Up 157, 1.2%, to 12,862
  • Nasdaq: Up
...

Senate Passes Insider Trading Ban

Measure to be before House next week

(Newser) - Lawmakers in Congress are inching closer to deciding, somewhat belatedly, that they shouldn't be allowed to profit by playing the stock market using inside information they have gleaned on Capitol Hill. A bill that bans insider trading by lawmakers and thousands of executive branch officials is heading to the...

Taxpayers Still Have $132.9B Stuck in TARP

Government trying to unwind stock without losing on the deal

(Newser) - The Treasury Department has had a tough time selling off some of the stock it took on in exchange for TARP bailout funds, meaning taxpayers are still on the hook for some $132.9 billion—some of which they may never get back, according to a report released today by...

Dow Surges 337, Reclaims 12K

Market has its best day this month

(Newser) - Encouraging signs out of Europe and a surprisingly strong report on the US housing market drove the Dow Jones industrial average up more than 330 points today. It was the best day for stocks this month. The Spanish government pulled off a successful debt auction, and gauges of business and...

Zynga IPO Values Farmville Firm at $9B
 IPO Values Zynga at $9B 
Dec 2, 2011 11:07 AM CST

IPO Values Zynga at $9B

Farmville firm to sell 11.1% stake

(Newser) - Online gaming company Zynga is preparing an IPO that values the company at between $7.7 billion and $9.04 billion. The Farmville firm is selling an 11.1% stake, with 100 million shares going for between $8.50 and $10 each. The figures put Zynga on track to raise...

Stocks Jump 400+ on Trio of Good News
 Stocks Jump 400+ 
 on Trio of Good News 
MARKETS
Nov 30, 2011 8:59 AM CST

Stocks Jump 400+ on Trio of Good News

Central banks and China make moves, private-sector employment jumps

(Newser) - The market took a major jump at open on the announcement that six central banks were moving to make it easier for European banks to get dollars, with the Dow rising 322 points to 11,877, reports the Wall Street Journal . As of 9:55am, it was up 405 points....

Stocks Plunge on Super Committee Failure

Dow drops triple digits

(Newser) - Stocks plunged at the opening bell today, thanks to the super committee's failure to reach a deal and the ongoing debt crisis in Europe. As of 9:37am, the Dow was down 158 points, while the Nasdaq and S&P were down 40 and 19 points, respectively, as investors...

Dow Soars 340, May Have Best October Ever

Bank stocks lead the way after deal in Europe

(Newser) - Wall Street had a banner day in the wake of the financial accord in Europe , with banks stocks leading the way:
  • Dow: Up 340 (2.9%) to 12,209; (it had been up more than 400 points in the final hour)
  • Nasdaq: Up 88 (3.3%) to 2,739
  • S&
...

Netflix Stock Tumbles 35%


 Netflix Stock Tumbles 35% 
Oct 26, 2011 9:56 AM CDT

Netflix Stock Tumbles 35%

Aggressive expansion, subscribers' departure add to woes

(Newser) - Amazon’s plunging profits may have Jeff Bezos worried, but he can take solace in the misery of a competitor: Netflix stock dropped a whopping 35% to $77.37 yesterday following some bleak announcements the day before. On Monday, the company said its US subscribers had plummeted and that...

Groupon to Start IPO Roadshow

Despite questions about its accounting, valuation, and leadership

(Newser) - Groupon is going ahead with its IPO plans , and will launch its official roadshow to drum up interest next week, sources tell Reuters . The move comes despite recent turmoil in the stock market and questions about Groupon’s own accounting practices. The IPO is expected to value the company at...

Market Swings Too Wild Even for Big Traders

Attempting to buy or sell can send prices fluctuating wildly

(Newser) - Even the biggest of fish are finding the waters too choppy on Wall Street. As the Dow swings about wildly—it fell 247 points yesterday, and has moved at least 1% in 14 of its past 19 sessions—so too are individual stocks. It’s become nigh-impossible to buy or...

Stocks Diving for Bear Market Levels
 Stocks Diving to 
 Bear Market Levels 
MARKETS
Oct 4, 2011 8:42 AM CDT

Stocks Diving to Bear Market Levels

S&P slips below threshold at this morning's open

(Newser) - Wall Street is getting nervous, and not because of protesters. Stocks have been plummeting hard, and are now just inches above the threshold for what traders consider a bear market. The Dow dove 240 points on Friday and another 258 yesterday, leaving it perilously close to the bear market threshold...

Psychopaths More Cautious Than Stockbrokers
Psychopaths More Cautious Than Stockbrokers
Study says
Sep 27, 2011 11:00 AM CDT

Psychopaths More Cautious Than Stockbrokers

Stock traders prove more reckless, ruthless in simulations, tests

(Newser) - Don’t call rogue traders like Kweku Adoboli a psycho—because that may not be fair to psychos. A new study from the University of St. Gallen in Switzerland pitted a group of stockbrokers against a group of actual psychopaths in various computer simulations and intelligence tests, and found that...

Dow Drops 391 in Global Selloff
 Dow Dives 391 
Sep 22, 2011 3:09 PM CDT

Dow Dives 391

Market had been down more than 500 at one point

(Newser) - The markets have closed on a brutal day, with US stocks joining what MarketWatch characterizes as a global selloff. At one point, the Dow was down more than 500 points, though it rebounded in the final hour. The Wall Street Journal notes that yields on 10-year Treasuries are at 1940s...

Stocks Plummet on Greece Fears
 Stocks Plummet 
 on Greece Fears 
MARKETS
Sep 19, 2011 9:48 AM CDT

Stocks Plummet on Greece Fears

Dow down more than 200 points

(Newser) - Stocks took a dive this morning as investors fretted over Greece’s deepening debt crisis. The Dow plunged 246 points, according to the Wall Street Journal , while the S&P and Nasdaq shed 26 and 55 points, respectively. Crude oil sank as well, dropping below $85 a barrel. “The...

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