stock market

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Ultra-Fast Computers Corner Stock Market

(Newser) - Traders using high-speed computers are making billions of dollars and leaving the rest of the stock market in the dust, the New York Times reports. "High-frequency" traders, who use algorithms to make millions of trades in microseconds, have helped big banks and hedge funds bounce back quickly, but critics...

Home Sales Send Dow Over 9,000
 Home Sales Send Dow 
 Over 9,000 
MARKETs

Home Sales Send Dow Over 9,000

(Newser) - The Dow Jones industrials are back above 9,000 today for the first time since the beginning of January. A report of a jump in home sales eased investors' worries about one of the economy's biggest trouble spots. They responded by buying stocks across the market, lifting the major indexes...

Dow Falls 35 on Energy Fears
 Dow Falls 35 on Energy Fears 
MARKETS

Dow Falls 35 on Energy Fears

(Newser) - Markets were off today as falling oil prices put the press on the energy sector and Wall Street took a stern look at the recent rally, the Wall Street Journal reports. Though tech stocks surged, bringing NASDAQ up, oil prices were off and health care concerns tumbled. The financial sector...

Economy Is on an Upswing, Says Dr. Doom

Roubini predicts end to recession, sends markets jumping

(Newser) - The financial crisis is over and the worst of the recession is behind us, writes Nouriel Roubini, the extremely pessimistic economist who was among the few who predicted the scale of the downturn. "The light at the end of the tunnel is for once not an incoming train,"...

Dow Up 96 Despite CIT Woes
 Dow Up 96 Despite CIT Woes 
MARKETS

Dow Up 96 Despite CIT Woes

Rally extends into 4th day on Roubini comments, tech optimism

(Newser) - Stocks gained today as the tech sector continued to inspire and economist Nouriel Roubini predicted a recovery in late 2009, the Wall Street Journal reports. Though the looming bankruptcy of CIT Group depressed stocks most of the day, financials were able to trim losses before the close. The Dow rose...

Tech Rally Sends Dow Up 257
 Tech Rally Sends Dow Up 257  
MARKETS

Tech Rally Sends Dow Up 257

(Newser) - The tech sector drove a substantial market rally today led by rosy projections from chipmaker Intel, the Wall Street Journal reports. Other technology stocks followed Intel—up 7.5%—as investors predicted a resurgence of the consumer electronics market. Good news from the Fed and the credit industry also helped...

Stocks Soar on Intel Earnings
 Stocks Soar on Intel Earnings 
MARKET open

Stocks Soar on Intel Earnings

(Newser) - Tech stocks soared at the open today, taking major indexes with them, after a strong quarter and upbeat outlook from Intel, the Wall Street Journal reports. The Dow rose 100 points, while the Nasdaq added 30 points and the S&P 11.45 points. Intel was up 7.5% pre-market....

Economic Muck Gives GOP Hope for New Blood in 2010

Candidate recruitment up amid bad news for Dems

(Newser) - As bad economic reports keep coming, Republicans are seeing candidate recruitment soar, the Hill reports. The party has had “probably its first good couple weeks in four years,” says an analyst, fueled in large part by rising unemployment and sinking stocks. Meanwhile, Democrats have lost top Senate candidate...

Stocks Mixed; Dow Up 15
 Stocks Mixed; Dow Up 15 
MARKETS

Stocks Mixed; Dow Up 15

Investors show caution as 2nd-quarter earnings season beings

(Newser) - Stocks were mixed today as investors await companies' second-quarter reports. Shares of Alcoa, which kicks off the earnings season with a report after the close, fluctuated but closed slightly higher. The Dow finished up 15 points at 8,178, reports the Wall Street Journal. The Nasdaq gained 1 point to...

Stocks Plummet on Jobs Data
 Stocks Plummet on Jobs Data 
MARKET Open

Stocks Plummet on Jobs Data

(Newser) - Stocks tumbled at the open today after a worse-than-expected drop in June payroll figures, the Wall Street Journal reports. The Dow sunk 135 points, while the Nasdaq and S&P fell 1.8% and 1.6%, respectively. The economy shed 467,000 non-farm jobs in June; economists had predicted a...

Dow Up 57 on Housing Data
 Dow Up 57 on Housing Data 
MARKETS

Dow Up 57 on Housing Data

(Newser) - Markets were up today on a surging food sector and good data from the manufacturing and housing industries, the Wall Street Journal reports. A key manufacturing activity index jumped from May to June, and an indicator of pending home sales also climbed for the fourth straight month. Amid the gains,...

Dow Up 173 on Housing, Retail
 Dow Up 173 on Housing, Retail 
MARKETS

Dow Up 173 on Housing, Retail

(Newser) - Markets rallied today on positive news from the retail and housing sectors, the Wall Street Journal reports. Major builders saw stocks go up as much as 15%, leading some to predict an end to the crisis in the housing market. In retail, meanwhile, companies such as Bed Bath and Beyond...

Dow Off 23 on Fed Rate News
 Dow Off 23 on Fed Rate News 
MARKETS

Dow Off 23 on Fed Rate News

(Newser) - Markets were mixed today as positive economic indicators and surging tech stocks battled with a Fed announcement that interest rates would be held near zero, the Wall Street Journal reports. The Dow lost early momentum, but the Nasdaq flourished. “We’ve basically come through a panic phase,” an...

Buffett: Economy Still in 'Shambles'

It'll take a while to 'wring out excesses'

(Newser) - The US economy is still in “shambles” even though the crisis in the financial system has abated, Warren Buffett told CNBC today. “It takes a while,” the investor said. “There were a lot of excesses to be wrung out and that process is still underway.”...

Stocks Sink on World Bank Report
 Stocks Sink 
 on World Bank Report 
MARKET Open

Stocks Sink on World Bank Report

(Newser) - Stocks tumbled this morning after the release of a grim forecast by the World Bank. The Dow tumbled about 100 points, while the Nasdaq and S&P each dropped 1.6%. The World Bank predicted the economy would shrink 2.9% this year, a big downward revision from its previous...

Health Care Nudges Dow Up 58
 Health Care Nudges Dow Up 58 
MARKETS

Health Care Nudges Dow Up 58

(Newser) - Markets were up today on a strong performance from the volatile financial sector and continued gains for health-care stocks, the Wall Street Journal reports. Investors are confident that President Obama's health reform will be whittled down, leaving room for industry profits. The Dow was up 58.42, to 8,555....

Obama Plan Puts Dow Off 7
 Obama Plan Puts Dow Off 7 
MARKETS

Obama Plan Puts Dow Off 7

(Newser) - Markets were mixed today as a perky health-care sector was held in check by poor performance in energy stocks and wariness over President Obama’s financial regulatory plan, the Wall Street Journal reports. Oil and commodities prices slipped as investors seemed to gird for a continued lull in consumer activity....

Manufacturing Data Kill Stocks
 Manufacturing Data Kill Stocks 
MARKET Open

Manufacturing Data Kill Stocks

(Newser) - Stocks plunged at the open today, after an ugly New York manufacturing report, the Wall Street Journal reports. The Dow sunk 120 points, while the Nasdaq and S&P lost 1.5% and 1.4% respectively. The New York Fed’s manufacturing survey dropped to -9.41 from -4.55...

Dow Jumps 28, Ends at 2009 High
 Dow Jumps 28, 
 Ends at 2009 High  
MARKETS

Dow Jumps 28, Ends at 2009 High

(Newser) - Markets were mixed today, but the Dow closed at its highest end point in 2009 even as tech and material stocks pulled down other indices, the Wall Street Journal reports. The resurgent dollar cut deeply into the commodities sector. A NYSE computer malfunction also temporarily halted trading in some stocks....

Bond Sales Drive Dow Up 32
 Bond Sales Drive Dow Up 32 
MARKETS

Bond Sales Drive Dow Up 32

(Newser) - Markets were up today on a successful sale of 30-year Treasury notes and other indicators of economic recovery, the Wall Street Journal reports. Bank of America saw a 9% upswing after its CEO testified on Capitol Hill. The Dow gained 31.90 to 8,770.92. The S&P rose...

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