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Obama's Economics Are Working
 Obama's 
 Economics 
 Are Working 
analysis
Mar 10, 2010 1:11 PM CST

Obama's Economics Are Working

Ignore the political crowd, the president's been great for business

(Newser) - President Obama doesn't get much political credit for it, but the numbers show his economic policies have been a resounding success. Since he took office, the S&P 500 is up 41%, credit spreads have narrowed, commodity prices have surged, and housing prices have stabilized, writes Mike Dorning of Bloomberg...

Dow Climbs 79 on AIG Deal
 Dow Climbs 79 on AIG Deal 
MARKETS
Mar 1, 2010 3:21 PM CST

Dow Climbs 79 on AIG Deal

Manufacturing employment rises

(Newser) - News of Prudential's agreement to buy AIG's Asia division sowed confidence on Wall Street today. Stocks rose, boosted as well by a jump in manufacturing employment, the Wall Street Journal reports.
  • The Dow rose 78.53 points to close at 10,403.79.
  • The Nasdaq added 35.31, closing at
...

Investors Scramble for Stock in Buffett

Frenzy builds as Berkshire Hathaway joins S&P 500 today

(Newser) - Warren Buffett’s renowned Berkshire Hathaway joins the S&P 500 today, and just about everyone wants a piece of it. Millions of ordinary Americans who in the past couldn’t afford the company’s high-priced shares will now be able to get on board, either through an index fund,...

Dow Falls 268 to 10,002
 Dow Falls 268 to 10,002 
UPDATED
Feb 4, 2010 3:18 PM CST

Dow Falls 268 to 10,002

Dow in danger of slipping below 10,000 again

(Newser) - The markets were in turmoil today over concerns about the economies in both the US and Europe, the Wall Street Journal reports. Greece, Portugal, and Spain are all struggling with their national debt, while in the US, weekly unemployment claims rose, spooking traders ahead of tomorrow's monthly jobs report.
  • The
...

Dow Falls 12 on Housing, Auto Data
 Dow Falls 12 on 
 Housing, Auto Data 
MARKETS
Jan 5, 2010 3:19 PM CST

Dow Falls 12 on Housing, Auto Data

Pending-home sales dropped 16% in November

(Newser) - Stocks ended mixed today, with the Dow down slightly on news of a 16% drop in pending-home sales for November and monthly sales drops from Chrysler and GM, the Wall Street Journal reports.
  • The Dow fell 12 points, closing at 10,572.
  • The Nasdaq closed flat at 2,309.
  • The
...

Dow Drops 120 to End '09
 Dow Drops 120 to End '09 
the markets
Dec 31, 2009 3:10 PM CST

Dow Drops 120 to End '09

But yearly gains are still biggest since 2003

(Newser) - The markets finished the year on a bearish note, reports MarketWatch . Because jobless claims fell, investors are worried that the Fed will consider it a sign of a strengthening economy and raise interest rates in the new year. Despite the final-day fall, the Dow posted its biggest yearly gain since...

Stocks Close In on Big 2009 Gains

Dow up 61% since the low point in March

(Newser) - Stocks have rebounded mightily since the dark days of March, though analysts warn the dazzling recovery could make for a lackluster 2010, or even auger a double-dip recession or '30s-style yo-yoing markets. The good news first: Barring a disastrous close today, the Dow will be up around 61% since March...

Dow Rises 3 in Light Day
 Dow Rises 3 in Light Day 
the markets
Dec 30, 2009 3:11 PM CST

Dow Rises 3 in Light Day

Markets largely flat as investors start closing 2009 books

(Newser) - The markets didn't budge much one way or the other today on light trading, reports MarketWatch . Many traders already have begun closing the books on 2009, notes the Wall Street Journal .
  • The Dow rose 3 points to close at 10,549.
  • The Nasdaq also added 3 to finish at 2,
...

Dow Dips 2 Points, Ends 6-Day Streak
 Dow Dips 2 Points, 
 Ends 6-Day Streak 
the markets
Dec 29, 2009 3:14 PM CST

Dow Dips 2 Points, Ends 6-Day Streak

Energy and tech stocks bring numbers into the red

(Newser) - Declines in energy and tech stocks kept the Dow from posting a seventh straight day of gains. Those declines tempered earlier good news showing a slowdown in the decline of home prices and a rise in consumer confidence, reports MarketWatch .
  • The Dow dropped 2 points to close at 10,545.
...

Stocks Set to Cap Off Stellar Year
 Stocks Set to 
 Cap Off 
 Stellar Year 
MARKETS
Dec 28, 2009 9:11 AM CST

Stocks Set to Cap Off Stellar Year

2009 the best year for the market since 2003

(Newser) - Stocks are expected to rise this week, capping off Wall Street’s best year in recent memory. It’s the first time in two years that stocks have posted annual growth, and for the S&P 500, it could be the best year since 2003. Though the economy is far...

Indexes Hit 2009 Highs; Dow Closes Up 54
 Indexes Hit 2009 Highs; 
 Dow Closes Up 54 
MARKETS
Dec 24, 2009 12:20 PM CST

Indexes Hit 2009 Highs; Dow Closes Up 54

Jobless numbers, metals sector spark wide rally

(Newser) - The major stock exchanges hit highs for the year today as traders reacted positively to news that new jobless claims grew less than projected. Health care was the only sector showing broad losses, a reaction to the Senate's passage of the health care bill, the Wall Street Journal reports.
  • The
...

Dow Edges Up 2 Points Despite Housing Data

Rise in commodities prices push markets into positive territory

(Newser) - An afternoon surge in commodities prices helped the markets overcome a worse-than-expected report on sales of new homes, reports MarketWatch .
  • The Dow gained 2 points to close at 10,466.
  • The Nasdaq rose 17 points to 2,270.
  • The S&P 500 rose 3 points to 1,121.

Stocks Finish Worst Decade Ever

Yes, even worse than the 1930s

(Newser) - Unless something really drastic happens in the next few days, the 2000s will be the worst decade in recorded stock market history—and that’s going back to 1820, folks. You would have been better off putting your money under your mattress than investing in stocks in 1999; since then,...

Stocks Surge on Jobs News
 Stocks Surge 
 on Jobs News 
Markets open
Dec 4, 2009 8:40 AM CST

Stocks Surge on Jobs News

Better-than-expected unemployment news pleases traders

(Newser) - This morning's better-than-expected unemployment figures sent markets up in a hurry at the opening bell. The Dow rose about 130 points in the opening minutes on news that employers shed just 11,000 jobs in November, the fewest since 2007, notes MarketWatch . The figures brought the unemployment rate down to...

UAE Stocks Plunge on Dubai Fears; Asia Rebounds

Abu Dhabi exchange drops more than 8%

(Newser) - Stock markets plummeted in the United Arab Emirates today, in response to Dubai’s credit woes. The Abu Dhabi Stock Exchange lost more than 8% in heavy trading, while the Dubai Financial Market, a currency exchange, lost 7%. Stocks heavily linked to Dubai did especially poorly; ports operator DP World...

Dow Down 154 in Wake of Dubai Crisis
 Dow Down 154 
 in Wake of Dubai Crisis 
MARKETS
Nov 27, 2009 12:10 PM CST

Dow Down 154 in Wake of Dubai Crisis

American exchanges follow worldwide markets into tailspin

(Newser) - The ripple effect from the Dubai debt crisis shook markets around the world today, with American exchanges rebounding from their morning lows but still registering significant losses, the Wall Street Journal reports.
  • The Dow dropped 154.48 points to close at 10,309.92
  • The Nasdaq fell 37.61 to
...

Dubai Knocks Dow Down 222 at Open
 Dubai Knocks Dow 
 Down 222 at Open 
MARKETs
Nov 27, 2009 8:35 AM CST

Dubai Knocks Dow Down 222 at Open

Debt problems send stocks tumbling in short session

(Newser) - Stocks braced for a short but ugly Thanksgiving hangover, thanks to news of big debt problems in Dubai. The Dow tumbled 222 points at the open, while the S&P fell 25 and the Nadaq 57, reports the Wall Street Journal . While US traders were enjoying their turkey yesterday, global...

Give Thanks We're Not Thanking Wall St.
Give Thanks We're Not Thanking Wall St.
THOMAS FRANK
Nov 25, 2009 8:04 AM CST

Give Thanks We're Not Thanking Wall St.

Be grateful for new skepticism on financial industry

(Newser) - There won't be a lot of people thanking the financial industry this Thanksgiving, and that in and of itself may be cause to be thankful, writes Thomas Frank. There's been a shift in thinking and newly skeptical Americans no longer believe that the market is omniscient or that colossal Wall...

Goldman to Insurers: Health Reform Will Hurt


 Goldman to Insurers: 
 Health Reform Will Hurt 

best plan is no plan
Nov 13, 2009 9:48 AM CST

Goldman to Insurers: Health Reform Will Hurt

Who knew Wall Street and teabaggers could agree?

(Newser) - Here's a reason for Goldman Sachs to be even more popular with the public: The investment bank has issued research on private health insurers advising that fighting off reform would best for their bottom line. Goldman takes as the “base” case passage of the bill that exited the Senate...

Dow Jumps 204 to 52-Week High
 Dow Jumps 204 to 52-Week High
MARKETS
Nov 9, 2009 3:15 PM CST

Dow Jumps 204 to 52-Week High

Easy money, robust earnings prove a winning combination

(Newser) - Stocks rallied today as traders positioned themselves to profit off the next series of gains, spurred by the Fed's continuation of loose monetary policy and strong corporate earnings.
  • The Dow rose 203.52 points to close at 10,276.94.
  • The Nasdaq gained 41.62, settling at 2,154.06.
...

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