stock market

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Oil, Transport Send Dow Up 97
 Oil, Transport Send Dow Up 97 
MARKETS
May 29, 2009 3:16 PM CDT

Oil, Transport Send Dow Up 97

(Newser) - Markets tacked on solid gains today, with the Dow and S&P 500 up for a third consecutive month, the Wall Street Journal reports. Oil was up to a 6-month-high, as were transport stocks on hopes of orders. “There are signs things are being transported,” a manager said....

Stocks Look to End Month Up
 Stocks Look to End Month Up 
MARKET Open
May 29, 2009 8:52 AM CDT

Stocks Look to End Month Up

(Newser) - Stocks were modestly higher at the open, as stocks looked to close out the best three-month run they’ve had since 2007. The Dow rose 39 points, while the Nasdaq and S&P were each up 0.5%, reports the Wall Street Journal. For the month, the Dow is up...

Dow Flips on T-Notes, Adds 104
 Dow Flips on T-Notes, Adds 104 
MARKETS
May 28, 2009 3:14 PM CDT

Dow Flips on T-Notes, Adds 104

(Newser) - A well-received auction of Treasury notes and a jump in the price of crude oil pushed markets up today, the Wall Street Journal reports. “There was some real fear coming into this,” a strategist said of yesterday’s worries about government debt. “Clear-cut case of sell on...

GM, Bondholders Strike Sweetened Deal

(Newser) - Trading of GM shares was briefly halted today after a committee of its bondholders accepted a sweetened version of the debt-for-equity deal, CNBC reports. The deal may not stop a GM bankruptcy, but would smooth the process. Under the deal, bondholders will go along with GM’s plan to sell...

Stocks Up on Jobs, Durables
 Stocks Up on Jobs, Durables 
MARKET open
May 28, 2009 8:45 AM CDT

Stocks Up on Jobs, Durables

(Newser) - Stocks headed higher at the open today, after a pair of promising economic reports. The Dow added 75 points, while the Nasdaq and S&P rose 1.1% and 1% respectively. Durable goods orders rose 1.9% last month, and new jobless claims fell 13,000 last week; both numbers...

T-Note Surge Puts Dow Off 173
 T-Note Surge Puts Dow Off 173 
MARKETS
May 27, 2009 3:11 PM CDT

T-Note Surge Puts Dow Off 173

(Newser) - A Treasury note bump and continued skittishness about the US economy sent stocks down today, the Wall Street Journal reports. “Yesterday, everyone was happy about the consumer,” one strategist said. “Now people are wondering about the flip side: What happens if consumption gets out of hand?” The...

OpenTable Brings (False) Hope for IPOs
OpenTable Brings (False) Hope for IPOs
Analysis
May 27, 2009 1:21 PM CDT

OpenTable Brings (False) Hope for IPOs

Great company creates an old-school frenzy, but it's a one-time deal

(Newser) - A hot website goes public, and investors go wild. Shares soar 59% on the first day of trading. “Is this really May 2009?” asks James B. Stewart of SmartMoney. The stock is OpenTable.com, which went public at $20 and is trading just south of $27. "The company...

Stocks Run In Place
 Stocks Run In Place 
MARKET Open
May 27, 2009 8:44 AM CDT

Stocks Run In Place

(Newser) - Stocks barely budged at the open today, with the Dow down less than 20 points, the Nasdaq down 0.4% and the S&P flat. General Motors sunk 17% on news of its near-certain bankruptcy, as did its parts suppliers. Bank of America, meanwhile, saw shares rise more than 4%....

Stocks Down on Housing Data
 Stocks Down on 
 Housing Data 
MARKET Open
May 26, 2009 8:48 AM CDT

Stocks Down on Housing Data

(Newser) - A bad Case-Shiller number helped push stocks lower at the open, with the Dow down 37 points, and the Nasdaq and S&P down 0.4% and 0.5% respectively. Home prices fell more than 10% year-over-year in 15 of the 20 major metropolitan areas monitored by the Case-Shiller index,...

Stocks Flat Ahead of Holiday
 Stocks Flat Ahead of Holiday 
MARKET open
May 22, 2009 8:48 AM CDT

Stocks Flat Ahead of Holiday

(Newser) - Stocks got a small bounce at the open after yesterday’s 130-point selloff, the Wall Street Journal reports. The major indexes gave back minor gains this morning, to trade mostly flat. Volume is expected to be low and volatility high ahead of the three-day Memorial Day weekend. AIG was down...

Dow Worries Its Way Down 130
 Dow Worries Its Way Down 130 
MARKETS
May 21, 2009 3:13 PM CDT

Dow Worries Its Way Down 130

(Newser) - Markets were off today on news that credit raters might downgrade England and other countries, the Wall Street Journal reports. Though oil remained stable, the stocks of construction-related firms like Home Depot, Caterpillar, and Alcoa plunged; the price of gold surged. The Dow was off 129.91 to 8,292....

Stocks Plummet on UK's Credit Woes
 Stocks Plummet on 
 UK's Credit Woes 
MARKET open
May 21, 2009 8:49 AM CDT

Stocks Plummet on UK's Credit Woes

(Newser) - Stocks plummeted at today’s open after Standard & Poor’s warned it might downgrade the UK’s credit rating, the Wall Street Journal reports. The Dow tumbled 126 points, while the Nasdaq and S&P each fell more than 1%. Investors now fear other major economies, including the US,...

Cramer Ain't That Bad a Stock Picker, Actually

(Newser) - Jon Stewart, take note: Jim Cramer is not that bad at picking stocks, the New York Times reports. A study of Cramer’s televised market advice shows that the former hedge fund manager beat the market in 2005-07. The raw numbers from the fictional “Cramer portfolio” outperformed the S&...

Fed's Fears Push Dow Off 53
 Fed's Fears Push Dow Off 53 
MARKETS
May 20, 2009 3:11 PM CDT

Fed's Fears Push Dow Off 53

(Newser) - Markets fell today after the Federal Reserve warned of a more prolonged recession than it previously expected, the Wall Street Journal reports. Financials and tech contributed to the plunge, which even a 6-month high in oil prices could not stop. “We’re just dealing with a stock market that...

Stocks, Oil Head Higher
 Stocks, Oil Head Higher 
MARKET Open
May 20, 2009 8:44 AM CDT

Stocks, Oil Head Higher

(Newser) - Stocks headed higher at today's open as rallying commodity prices gave traders hope about the economy. The Dow rose 65 points, while the Nasdaq rose 0.8% and the S&P 1%. Oil prices topped $60 a barrel, sending Exxon and Chevron slightly higher. Bank of America, meanwhile, rose 6%...

Housing Data Flatten Stocks
 Housing Data Flatten Stocks 
MARKET Open
May 19, 2009 8:48 AM CDT

Housing Data Flatten Stocks

(Newser) - Stocks were flat at the open today, after a disappointing housing starts report. The Dow and Nasdaq inched down 11 and 4 points respectively, while the S&P was essentially flat. Futures had pointed to a higher open, until the Commerce Department announced a greater-than-expected 12.8% dip in housing...

Stocks Start Week on Rebound
 Stocks Start 
 Week on 
 Rebound 
MARKET Open
May 18, 2009 8:49 AM CDT

Stocks Start Week on Rebound

(Newser) - Stocks headed higher at today’s open, following a week of profit-taking that left the Dow and S&P down 3.6% and 5% respectively. The Dow was up 107 points, while the Nasdaq added 1.2% and the S&P 1.4%, including a 3% surge in financials. Lowe's...

Oil, Banks Steal 63 From Dow
 Oil, Banks Steal 63 From Dow 
MARKETS
May 15, 2009 3:13 PM CDT

Oil, Banks Steal 63 From Dow

(Newser) - Markets were off today on falling oil prices and a poor showing from the financial industry, the Wall Street Journal reports. The S&P energy index fell 2.4% and Bank of America, Pfizer, and Wal-Mart also saw declines. General Motors, whose low share price no longer significantly affects markets,...

Stocks Flat, and So Is Inflation
 Stocks Flat, and So Is Inflation 
MARKET open
May 15, 2009 8:49 AM CDT

Stocks Flat, and So Is Inflation

(Newser) - A pile of economic data couldn’t move stocks this morning. The Dow inched up 24 points, while the S&P and Nasdaq added 0.1% and 0.2%, respectively. The Consumer Price Index was unchanged for April, the Labor Department announced, though Core CPI was up 0.3%. Factory...

Tech, Banks Push Dow Up 46
 Tech, Banks Push Dow Up 46 
MARKETS
May 14, 2009 3:16 PM CDT

Tech, Banks Push Dow Up 46

(Newser) - Markets climbed today on good performance by technology stocks and a rebound in the financial sector, the Wall Street Journal reports. A key bank index, which dipped earlier as financials sold stock to raise capital, was up almost 4%. The retail sector continued to struggle, with Wal-Mart off 1.9%....

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