stock market

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Dow Up 30 After Rally Fizzles
 Dow Up 30 After Rally Fizzles 
MARKETS
Nov 4, 2009 3:16 PM CST

Dow Up 30 After Rally Fizzles

Merck sees big gains on earnings projection

(Newser) - A rally that saw the Dow up almost 140 points on the Fed’s announcement that it would keep interest rates low for an “extended period” collapsed in the final hour of trading today, the Wall Street Journal reports.Tanking insurance stocks were blamed.
  • The Dow closed up 30
...

Bubbles Reinflating, World Bank Warns

Asian asset prices soaring as recovery takes hold

(Newser) - Efforts to boost economic recovery are having the dangerous side effect of creating new bubbles in property, stock, and currency markets, the World Bank warned yesterday. Commodity prices are also surging, with gold hitting a record price yesterday. The effect is most pronounced in Asia, where recovery has come soonest,...

Dow Ends Shaky Day Up 76
 Dow Ends Shaky Day Up 76 
MARKETS
Nov 2, 2009 3:09 PM CST

Dow Ends Shaky Day Up 76

Markets continue 7th day of wild variations

(Newser) - Stocks seesawed today as good economic data on industry and the housing sector drove big early gains, which then fell victim to selloffs in the financial sector, the Wall Street Journal reports.
  • The Dow climbed 76.71 points to close at 9,789.44.
  • Nasdaq tacked on 4.09 to
...

Dow Falls 120 on Shaky Data
 Dow Falls 120 on Shaky Data 
MARKETS
Oct 28, 2009 3:13 PM CDT

Dow Falls 120 on Shaky Data

Oil and metal prices see big drops

(Newser) - Stocks tumbled into the close today as investors grew increasingly risk-averse after the release of disappointing reports on durable goods and new-home sales, the Wall Street Journal reports.
  • The Dow fell 120 points to close at 9,762.
  • The Nasdaq dropped 56 points to 2,060.
  • The S&P 500
...

Dow Falls 92, Ends Below 10,000
 Dow Falls 92, 
 Ends Below 10,000 
MARKETS
Oct 21, 2009 3:06 PM CDT

Dow Falls 92, Ends Below 10,000

Analyst's Wells Fargo cut has far-reaching impact

(Newser) - Stocks tanked today in the final hour of trading after renowned analyst Dick Bove downgraded Wells Fargo to “sell.” The bank had posted $3.2 billion in third-quarter net income, but it also reported rising loan delinquencies. Home Depot, Merck, and Boeing all saw losses as the broader...

Dow Falls 51 on Housing
 Dow Falls 51 on Housing 
MARKETS
Oct 20, 2009 3:19 PM CDT

Dow Falls 51 on Housing

Coca-Cola, DuPont earnings disappoint

(Newser) - Stocks fell today on disappointing earnings and a poor housing report. The market got off to a weak start when numbers on new-home construction were weaker than expected. Poor earnings reports from DuPont and Coca-Cola didn’t help, though Caterpillar, which posted a less severe profit drop than expected, boosted...

Dow at 10,000? 'Hold the Cheering'
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

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

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
 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

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
 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

(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
 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

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

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'
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

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
 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
 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’...

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