stock market – News Stories About stock market - Page 139

Dow at 10,000?
'Hold the Cheering'

analysts' reactions

Oct 14, 2009 1:58 PM CDT

Dow at 10,000? 'Hold the Cheering'

It's decent news, but let's not get carried away

(Newser) - The Dow hit 10,000 today, but most analysts aren't exactly falling off their chairs in excitement:

Mark Hulbert, MarketWatch: "It would be entirely in investors' rights to feel pretty good about it. But they're not, on the whole. That's surprising, and suggests to contrarian analysts" that a "

...

Dow Hits 10,000
for First Time in Year

Oct 14, 2009 12:31 PM CDT

Dow Hits 10,000 for First Time in Year

Markets propelled by strong earnings from Intel, JPMorgan

(Newser) - The Dow Jones industrial average reached 10,000 today for the first time since Oct. 7, 2008. The milestone, which triggered a whoop from the trading floor, was buoyed by surprisingly strong earnings reports from Intel and JPMorgan. The latter stoked the market's optimism as it handily beat Wall Street's...

JPMorgan Earns $3.6B, Despite Loan Losses

Oct 14, 2009 9:02 AM CDT

JPMorgan Earns $3.6B, Despite Loan Losses

Market soars as investment profits give bank strong 3rd quarter

(Newser) - JPMorgan Chase reported strong third-quarter earnings today as its thriving investment banking business more than offset rising consumer loan losses that the bank warned would continue. The company, the first of the big banks to report, showed a $3.59 billion profit, or 82 cents per share. But it also...

Dow Up 112
Ahead of 3Q Earnings

MARKETS

Oct 5, 2009 3:14 PM CDT

Dow Up 112 Ahead of 3Q Earnings

September strength in service sector gives stocks a boost

(Newser) - Stocks surged to gains late in the session today, as traders placed bets ahead of the third-quarter earnings season. Alcoa, which is expected to report a strong quarter, gained 4.6%. The ISM reported an upturn in the service sector in September—its index rose to 50.9, with a...

Lewis Due a Mere $53M
From BofA Pension Plan

Oct 1, 2009 8:08 PM CDT

Lewis Due a Mere $53M From BofA Pension Plan

But President Obama's pay czar could yet step in on that, millions in stock

(Newser) - An executive pension plan Bank of America stopped in 2001—along with “golden parachute” balloon payments to execs leaving the company—will yield about $53 million for departing CEO Ken Lewis. Lewis, 62, participated for years in the plan, which was frozen the year he ascended to the top...

New Speculator Fave: AIG Stock

Sep 23, 2009 11:59 AM CDT

New Speculator Fave: AIG Stock

Day-traders flock to shares on the upswing

(Newser) - AIG’s stock has become the hottest commodity on Wall Street in recent weeks, the Wall Street Journal reports. It’s not that anyone believes the insurer is on the verge of paying back the $80 billion it owes Uncle Sam. Rather, the stock has become the go-to casino for...

Fizzle Alert: Market Rallies
This Good Don't Hold

Analysis

Sep 21, 2009 9:49 AM CDT

Fizzle Alert: Market Rallies This Good Don't Hold

(Newser) - It's good news, bad news time for investors. The good news: In the last 100 years, only five other rallies have matched the 46% leap the Dow’s taken over the past six months. The bad news: None of those other extraordinary rallies, which came in the 1930s and 1970s,...

Dow Up 36 Points;
Consumer Stocks Gain

MARKETS

Sep 18, 2009 3:20 PM CDT

Dow Up 36 Points; Consumer Stocks Gain

Indices all post solid gains for the week

(Newser) - Stocks posted gains today, closing out a strong week as consumer stocks saw advances, the Wall Street Journal reports. Procter & Gamble gained 3.21% after Citigroup upgraded the firm’s shares to “buy.” Optimism about a recovery in consumer spending drove Starbucks up 3.64%, with PepsiCo...

SEC Moves to Ban
Lightning-Fast Trading

Sep 18, 2009 5:16 AM CDT

SEC Moves to Ban Lightning-Fast Trading

Flash orders let big investors buy and sell in milliseconds, harming slower traders

(Newser) - The SEC is seeking a ban on the financial technique known as flash orders, a controversial method in which powerful computers survey other investors' trades and adjust strategies within milliseconds to turn a profit. SEC head Mary Schapiro said that flash orders "may create a two-tiered market" since only...

Day Traders Jump Back
Into the Game

Sep 16, 2009 8:07 AM CDT

Day Traders Jump Back Into the Game

Low interest rates entice small, leveraged players

(Newser) - Trading volume is rising on Wall Street, but it’s not because of renewed confidence from long-term investors. The surge has instead been powered by a 14% jump from online brokerages like Charles Schwab and TD Ameritrade, and much of the money has been funneled into volatile parts of the...

Buffett: 'We
Are Not Out of Problems Yet'

INTERVIEW

Sep 8, 2009 6:38 AM CDT

Buffett: 'We Are Not Out of Problems Yet'

Investor looks to clean up on crisis, but is moving out of stocks

(Newser) - Even Warren Buffett had a bad financial crisis: The Omaha sage personally lost $25 billion in 2008, enough to put him behind Bill Gates on the worldwide rich list. But while many investors hunkered down as markets tanked, Buffett recalibrated, pouring billions into companies—Goldman Sachs, GE, BofA, Amex—that...

Goldman Gives Trading Tips to Top Clients First

Aug 24, 2009 9:19 AM CDT

Goldman Gives Trading Tips to Top Clients First

Research reaches regular investors days later

(Newser) - Goldman Sachs is withholding stock tips from the thousands of clients who receive the company's written research reports until days after they're passed along to the firm's own traders and some 50 favorite clients, the Wall Street Journal has learned from an analysis of company documents. Confidential “trading huddles”...

Dow Up 61 After Shaky Day

MARKETS

Aug 19, 2009 3:10 PM CDT

Dow Up 61 After Shaky Day

(Newser) - Markets ended higher today after a dismal start, buoyed by an ascendant energy sector, the Wall Street Journal reports. The seesaw comes as no surprise to one strategist: “This market is highly vulnerable to get pushed around right now. That’s a factor of light volume.” The Dow,...

Global Selloff
Rocks Dow

MARKET open

Aug 17, 2009 8:51 AM CDT

Global Selloff Rocks Dow

(Newser) - The Dow tumbled 175 points at the open today, following even bigger selloffs in overseas markets, the Wall Street Journal reports. The S&P and Nasdaq each fell 2.2%. Those drops followed a whopping 5.8% dive on China’s Shanghai Composite Index, a 3.1% drop for Japan’...

Dow Off 77 on Consumer Data

MARKETS

Aug 14, 2009 3:19 PM CDT

Dow Off 77 on Consumer Data

(Newser) - Stocks dipped today on worse-than-expected information about consumer sentiment, the Wall Street Journal reports. A Reuters index dropped 3 points instead of the anticipated 2-point rise. A downward spiral has been evident since the Fed announced it would not raise interest rates Wednesday. “A day like today has been...

Dow Cools, Still Rises 34

MARKETS

Aug 4, 2009 3:17 PM CDT

Dow Cools, Still Rises 34

(Newser) - Yesterday’s rally segued into a regular day today as markets remained mostly flat on mixed economic data, the Wall Street Journal reports. Home sales were up, but incomes down, and an expected report on rising US oil reserves hurt energy stocks. “It's a day of consolidation after we've...

Dow Up 115 on Manufacturing

MARKETS

Aug 3, 2009 3:11 PM CDT

Dow Up 115 on Manufacturing

Oil hits $71.2 a barrel, highest price in a month

(Newser) - Stocks rallied today on signs of a turnaround for US manufacturing, the Wall Street Journal reports. Oil rose $2.13, to $71.27 per barrel, its highest price in a month, and banks HSBC and Barclays reported strong quarterly earnings. The Dow closed up 114.95 to settle at 9,...

Upbeat Earnings Have CEOs Singing Rebound

Jul 31, 2009 7:20 AM CDT

Upbeat Earnings Have CEOs Singing Rebound

(Newser) - CEOs and investors have springs in their steps. After a week full of positive earnings reports, many now believe worst is over, the Wall Street Journal reports. Yesterday saw a slew of reports that matched or beat estimates, including Motorola, Goodyear, Sony, and Kellogg Co. The economy “has found...

Dow Climbs 84, Hits '09 High

MARKETS

Jul 30, 2009 3:11 PM CDT

Dow Climbs 84, Hits '09 High

(Newser) - Good earnings reports and stellar performance by General Electric had markets at 2009 highs for a time today, the Wall Street Journal reports. “We have gotten so close to the S&P 1,000 level, you just sort of sense that unless there’s a horrible GDP number tomorrow,...

Dow Slips 26 as Oil Prices Fall

MARKETS

Jul 29, 2009 3:13 PM CDT

Dow Slips 26 as Oil Prices Fall

(Newser) - Markets were off today on plunges in the energy and manufacturing sectors brought on by falling oil prices, the Wall Street Journal reports. A poorly received auction of T-notes also did little to inspire confidence. The world’s largest steelmaker, ArcelorMittal, slipped 7% on a larger than expected loss, and...