stock market

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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.

How 50 Cent Made $9M From One Weekend of Tweeting

Rapper bumped up stock of headphones distributor H&H Imports

(Newser) - Headphones distributor H&H Imports enjoyed a 240% increase in stock value over the weekend, thanks to … 50 Cent. The rapper plugged one of the company's headphone brands Friday, then went on to tweet all weekend about the stock, Business Insider reports. The result: HNHI, a penny stock, gained...

Dow Up 8, Ends Year at Highest Mark Since '08
Dow Up 8, Ends Year
at Highest Mark Since '08
MARKETWATCH
Dec 31, 2010 3:15 PM CST

Dow Up 8, Ends Year at Highest Mark Since '08

Almost half of stocks' 2010 gains were made this month

(Newser) - Stocks have ended a rocky 2010 quietly. The major indexes were little changed and trading volume was at one of its lowest levels of the year as many traders took the day off. Despite investors' concerns about the US and world economy, the S&P 500 and the Dow both...

AIG's Stock Up 97%: Success Story of the Year?

Insurer has shot up 97% in 2010

(Newser) - Don’t look now, but financial crisis punchline AIG has had a monster year on the market, with its stock soaring 97% to $58.93. Of that, 42% was gained in December alone. That makes the insurer the fourth-best performer on the S&P 500 this year, and puts the...

SEC Snooping Around Facebook, Twitter Trades

Booming private exchanges move social networks' shares

(Newser) - The SEC wants information about the surging private stock exchanges that have grown up around top social networks, the New York Times reports. Shares of Facebook, Twitter, Zynga, and LinkedIn are all sought-after commodities—though none of the companies are publicly held. As the exchanges gain popularity, Wall Street investment...

Federal Investigation Could Redefine 'Insider Trading'

Prosecutors survey legal 'gray area' in landmark probe

(Newser) - Insider trading just isn’t what it used to be. As the feds mount a massive probe into the practice, its definition is becoming murkier: Where insider-traders of old simply whispered secret tips over the phone, today a wide range of data-gathering practices may be legally questionable, the AP reports....

Facebook Passes eBay in Value

 Facebook Passes eBay in Value 
Nov 15, 2010 8:20 AM CST

Facebook Passes eBay in Value

It's now the web's third most valuable company

(Newser) - Facebook’s estimated market value has shot past eBay’s, making it the third most valuable web company. Shares of the privately held company are now trading at more than $16 on SecondMarket, sources tell Bloomberg , which would make the overall company worth $41 billion—behind only Amazon ($74.4...

Dow Surges 220 to Pre-Lehman Levels
 Dow Surges 220 
 to Pre-Lehman Levels 
MARKETWATCH
Nov 4, 2010 3:18 PM CDT

Dow Surges 220 to Pre-Lehman Levels

Investors cheer Fed's $600B plan

(Newser) - The Dow Jones surged 220 points to close at 11,435—a few points beyond the levels it hit before the collapse of Lehman Brothers kicked off the international financial crisis in 2008. Investors were spurred to action by the Fed's $600 billion quantitative easing plan, which they are betting...

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