stock market

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Dow Plummets 266, Back Under 12K

Debt deal provides no bounce

(Newser) - Just imagine if they hadn't gotten a deal at the last minute: The stock market had a brutal day, despite today's final passage of the bill to avert a default, reports MarketWatch . The Dow fell 266 to 11,867 (2.2%); Nasdaq fell 75 to 2,669 (2....

Stock Market Dips Despite Deal to Raise Debt Ceiling
 Stocks Plummet 
 Despite Debt Deal 
UPDATED
Aug 1, 2011 11:34 AM CDT

Stocks Plummet Despite Debt Deal

Weak manufacturing report causes Dow to tumble

(Newser) - The debt deal rally lasted all of 30 minutes. After gaining 139 points minutes after the market opened today, the Dow Jones industrial average fell sharply after a key manufacturing index tumbled in July. As of 12:30pm ET, the Dow was down 118 points, to 12,025, while the...

GOP, Dems in Different Worlds
 GOP, Dems in Different Worlds 
Jul 28, 2011 7:27 AM CDT

GOP, Dems in Different Worlds

Could Joe Biden and Mitch McConnell save the day?

(Newser) - Harry Reid and John Boehner each made progress in their quest for votes yesterday—but that actually drove them further away from a compromise. House Republicans and Senate Democrats “seemed to operate in alternate realities,” the New York Times observes, with each sure the other would eventually cave...

US Debt Spooking World Markets

British MP calls American default 'next big iceberg' for economy

(Newser) - With America's $14.3 billion potential default just nine days away, markets are growing increasingly spooked by the rising danger, reports the Telegraph . “We may have a few stressful days coming up—stressful for the markets of the world and the American people,” says White House chief...

Dow Rises 202: Best Day of 2011

Earnings reports and Obama's praise of debt plan raise hopes

(Newser) - Strong profits and a bipartisan plan to lift the US debt limit drove a stock market rebound today. Stock indexes rose after Coca-Cola, IBM, and other companies reported rising second-quarter earnings. The three major indexes added to their gains after President Obama praised a proposal by six senators that would...

Bernanke Clarifies Stimulus Talk, Markets Tumble

Fed isn't ready to take action soon

(Newser) - Wall Street semantics: Yesterday, Ben Bernanke appeared before Congress and mentioned the word "stimulus." His remarks were widely interpreted to mean that the Fed was poised to take action to bolster the economy, and the markets rose in response. Today, Bernanke resumed testimony and made clear the Fed...

Dow Plunges 155 on Global Economy Fears

There's bad news coming out of Italy, Spain ... and US

(Newser) - Stocks opened sharply lower today amid fresh fears about the global economy. The Dow Jones industrial average fell 144 points, or 1.1%, to 12,513, at the start of trading. It's currently down 155 points . Greece is expected to receive a second financial rescue package to help the...

Pandora Shares Soar in IPO
 Pandora Shares Soar in IPO 
Jun 15, 2011 10:25 AM CDT

Pandora Shares Soar in IPO

It's the latest in a new wave of Internet coming out parties

(Newser) - The shares of popular but unprofitable Internet radio service Pandora soared more than 50% in its market debut. Its shares rose as high as $26 in early trading this morning, up from its offering price of $16 and valuing Pandora Media Inc. at more than $4 billion. That is easily...

Dow Tumbles 172, Closes Below 12K

It's the worst weekly losing stretch since 2002

(Newser) - The Dow Jones industrial average closed below 12,000 today, the first time it has dropped below that mark since March. Fears that the global economic recovery has stalled also weighed on other indexes. The market registered its sixth straight weekly loss, the longest weekly losing streak since the fall...

Dow Plunges 280, Erases Quarter of Year's Gains

Two bleak reports raise fears about recovery

(Newser) - Fears that the US economy is stalling sent the Dow Jones industrial average down 280 points, erasing more than a quarter of the stock market's gains for the year. A pair of reports raised new doubts about the economy's strength: A key manufacturing index fell from its April...

Your LinkedIn Lesson: Quick, Move to Silicon Valley

The dot-com madness is upon us again: Brett Arends

(Newser) - Investors went nuts over LinkedIn's IPO today —it more than doubled to close at $94.25 per share. What might you take from this? "Quit your job, move to Silicon Valley, and start a venture to compete with LinkedIn," writes Brett Arends at MarketWatch . After all,...

LinkedIn Shares Skyrocket in IPO

Market hungry for social networking companies

(Newser) - LinkedIn had its IPO today, and there was an investor feeding frenzy before the bell had even rung. The shares wound up opening at $83, an 84% premium on their $45 offering price, the Wall Street Journal reports. They're currently trading at around $105—having peaked this morning at...

Stocks Up, Oil Down on bin Laden News

Dow up 50

(Newser) - News of Osama bin Laden’s death cheered markets today, with the Dow gaining 50 points, and the S&P and Nasdaq rising 4 points and 8.5 points, respectively, Politico reports. Oil futures meanwhile, fell 2%, and the dollar rose. The gains followed similar increases in Japan and South...

Stocks, Dollar Surge on bin Laden Death

Market celebrates in early trading

(Newser) - Stocks and the dollar surged in early trading after news hit the world that the US has taken out Osama bin Laden. Futures on the Standard & Poor’s 500 Index rose 0.5% in Tokyo, and the MSCI Asia Pacific Index added 0.5%, putting it on track for...

Buffett: Japan Presents 'Buying Opportunity'

Country's 'economic future' unchanged, says investing guru

(Newser) - There’s no need to panic about Japanese markets post-earthquake, says Warren Buffett: Such cataclysmic events often create a “buying opportunity,” he tells Reuters from South Korea. “It will take some time to rebuild,” but the market plunge “will not change the economic future of...

Dow Plunges 242 on Japan Anxiety
 Dow Plunges 242 
 on Japan Anxiety 
MARKETWATCH
Mar 16, 2011 3:11 PM CDT

Dow Plunges 242 on Japan Anxiety

Street worries about nuclear catastrophe

(Newser) - Fears that a nuclear reactor in Japan may be in the midst of a partial meltdown is shaking financial markets. Stock indexes lost 2% and gave up nearly all of their gains for the year today. All 10 company groups that make up the Standard & Poor's 500 index fell....

Markets Reeling From Japan Crisis

Dow off more than 200 after Nikkei falls 11%

(Newser) - Stocks around the world plummeted today, thanks to huge losses in Japan, where the Nikkei Stock Average fell a whopping 11%, completing its biggest two-day drop since 1987. That prompted big Asian and European sell-offs, especially in Germany, where the DAX 30 fell 4.5% in interday trading. In the...

Dow Drops 228, Sinks Below 12,000
 Dow Drops 228, 
 Sinks Below 12,000 
MARKETWATCH
Mar 10, 2011 3:13 PM CST

Dow Drops 228, Sinks Below 12,000

Worries over global economy kneecap Dow

(Newser) - Weak economic news from China, the US, and Spain combined with a slump in oil companies sent stocks sharply lower. The Dow Jones industrial average had its biggest one-day drop since August. It fell 228 points, or 1.9%, to close at 11,984, while the S&P 500 index...

Dow Off 166 on Egypt Crisis
 Dow Off 166 on Egypt Crisis 
Jan 28, 2011 3:27 PM CST

Dow Off 166 on Egypt Crisis

World markets fall on protests

(Newser) - Escalating protests in Egypt are jarring world financial markets. Stocks fell while the dollar and Treasurys rose as investors sought to reduce their exposure to risk. Disappointing earnings reports also helped send stocks lower. The Dow Jones industrial average had its first down week after an eight-week winning streak. The...

Dow Hits 12K
 Dow Hits 12K 




Jan 26, 2011 9:30 AM CST

Dow Hits 12K

For the first time in 2 1/2 years

(Newser) - The Dow Jones industrial average is surpassing 12,000 as investors shrug off weak earnings results and focus on President Obama's call to overhaul corporate taxes. The average climbed to 12,006 early today. The last time it closed above 12,000 was June 19, 2008.

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