stock market

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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...

The Real Reason Wall Street Is Voting Republican

The market loves a divided government

(Newser) - Wall Street is giddy over the prospect of a Republican congressional takeover—and not because of the GOP’s pro-business rhetoric. The real reason is that the stock market loves a divided government, writes Costas Panagopoulos of the Christian Science Monitor . Historically, the Dow has climbed an average 11.1%...

GDP Grows 2% in 3Q
 GDP Grows 2% in Q3 
Oct 29, 2010 8:54 AM CDT

GDP Grows 2% in Q3

Growth fits economists' predictions

(Newser) - The economy grew slightly faster over the summer as Americans spent a little more freely: The GDP grew at a 2% rate during the third quarter, in line with what economists had forecast. It marks a slight improvement over last quarter, when the GDP grew at a 1.7% rate....

Congressional Staffers Play Market Using Inside Info

Many place bets on industries their bosses regulate

(Newser) - When Chris Miller doubled his investment in a renewable energy firm in 2008, he might have had an inkling that legislation was coming that would benefit the firm. After all, he’s Harry Reid’s top energy policy adviser. Confronted yesterday, a Reid spokesman said Miller had shown “poor...

Dow Cracks 11K for First Time Since May

Investors think Fed will move to prop up economy

(Newser) - Stocks are rising after another weak report on unemployment added to expectations that the Federal Reserve will step in to prop up the US economy. The Dow Jones industrial average climbed above 11,000 this morning for the first time since early May. At midday, the Dow was up 53,...

It's a Good Time to Get Back in Stock Market
It's a Good Time to Get
Back in Stock Market
Steven Pearlstein
Sep 24, 2010 4:15 PM CDT

It's a Good Time to Get Back in Stock Market

Steven Pearlstein: Get in while lots of people are still out

(Newser) - Bullish advice today from Washington Post economic columnist Steven Pearlstein: Get back in the stock market, specifically in "shares of large, solid dividend-paying companies." His "gut" tells him the market's pretty much done bottoming out. Why be optimistic? Because "so many other people are so pessimistic....

Small Investors Flee Wall St. in Hordes

Investors are not sold on financial recovery, it seems

(Newser) - Americans love the stock market—that is, they used to love the stock market. But shaken by the financial crisis, investors withdrew $33.12 billion dollars from domestic stock market mutual funds in the first seven months of this year, finds the New York Times . Instead, they're putting their money...

Tesla IPO Roars Out of the Gate

Private sector gives electric cars a vote of confidence

(Newser) - The Dow may have plunged yesterday, but over on the Nasdaq, things were great for new kid Tesla Motors. In its first day of trading, Tesla's price shot up almost 41% from its $17 offer price, closing at $23.89, after at one point hitting $25, MarketWatch reports. The company's...

Lenny Dykstra Sold Access to Jim Cramer

Market 'genius' also took illegal bribe to tout penny stock

(Newser) - Lenny Dykstra, the fraudster Jim Cramer unwittingly turned into a stock-picking star, accepted an illegal bribe to pimp a penny stock on his TheStreet.com newsletter, Randall Lane of the Daily Beast reports. Dykstra secretly accepted $250,000 worth of Automated Vending Technologies shares in exchange for a plug in...

Investors Bet Big On BP Default
 Wall St. Bets Big on BP Default 
odds shoot up to 39%
Jun 16, 2010 7:28 AM CDT

Wall St. Bets Big on BP Default

Credit-default swaps predict 39% chance of failure

(Newser) - Wall Street oddsmakers think BP has a 39% chance of defaulting on its credit in the next five years, based on the skyrocketing price of the company’s credit default swaps. A month ago, investors had priced in just a 7% risk of default. “There’s still so much...

BP Can't Explain Diving Stock
 BP Can't Explain Diving Stock  
Jun 10, 2010 10:49 AM CDT

BP Can't Explain Diving Stock

Company 'is not aware of any reason' for price drop

(Newser) - It’s probably not terribly surprising that BP’s stock hit a 13-year low this morning—unless, apparently, you’re BP. The company put out a statement last night saying that it was “not aware of any reason which justifies this share price movement.” Well, the Wall Street ...

Apple's Worth More Than Microsoft&mdash;to Gamblers
Apple's Worth More Than Microsoft—to Gamblers
Henry Blodget
May 27, 2010 12:16 PM CDT

Apple's Worth More Than Microsoft—to Gamblers

It's got a lot of growing to do

(Newser) - In case you haven't heard, Apple has passed Microsoft in market value. But is it really worth more? Sure, if you're feeling lucky, writes Henry Blodget for Business Insider . Microsoft's free cash flow is roughly double Apple's, so right now they're way out of whack, but Apple is growing much...

Dow Plunges on Fears Over Europe, Korea

May close below 10,000

(Newser) - The Dow opened below 10,000 today—a mark it hasn't closed below since February—as investors panicked over the conflict between North and South Korea and instability in European banks. The Dow fell 238 points, while the S&P and Nasdaq dropped 23 and 53 points respectively, according to...

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