stock market – News Stories About stock market - Page 144

Obama Could Try Some of His Vaunted Fiscal Responsibility

OPINION

Apr 21, 2009 11:10 AM CDT

Obama Could Try Some of His Vaunted Fiscal Responsibility

Administration involved in major economic gambles

(Newser) - In a recent speech at Georgetown, President Obama outlined his plans for the economy. The funny thing is, David Brooks writes in the New York Times, "he sounded like a cultural conservative." The president talked about the good old days and vowed to end fiscal irresponsibility. In short,...

Earnings Send Stocks South

MARKET Open

Apr 21, 2009 8:40 AM CDT

Earnings Send Stocks South

(Newser) - Stocks slid at the open this morning, after a rash of less-than-inspiring earnings reports from major companies. The Dow was down 30 points, as components Coca-Cola, Caterpillar, Dupont, and Merck all posted lousy first quarters. Caterpillar swung to a loss and slashed guidance, sending shares down 5%, while Dupont fell...

Stocks Slump Despite Earnings

MARKET Open

Apr 20, 2009 8:50 AM CDT

Stocks Slump Despite Earnings

(Newser) - Stocks plummeted this morning, despite what’s been a generally positive earnings season so far, the Wall Street Journal reports. The Dow sunk 178 points, while the S&P and Nasdaq were both off 2.4%. That’s in the wake of a better-than-expected quarter from Bank of America, which...

Stocks Mixed After
Citi's Good News

MARKET Open

Apr 17, 2009 8:41 AM CDT

Stocks Mixed After Citi's Good News

(Newser) - Better-than-expected earnings from GE and Citigroup barely produced a ripple in the broader market this morning, the Wall Street Journal reports. Stocks were mixed, with the Dow inching up 33 points, the Nasdaq slipping 6.42 points, and the S&P flat. Citi got a 9.5% boost off its...

JPMorgan, Nokia Lift Stocks

MARKET Open

Apr 16, 2009 8:47 AM CDT

JPMorgan, Nokia Lift Stocks

(Newser) - Stocks were modestly higher at the open today, after JPMorgan topped estimates in the first quarter and Nokia met them. The Dow inched up 31 points, while the Nasdaq and S&P rose 16.9 and 4.08 points, respectively. JPMorgan added 1.7%, while Nokia rose 12%. Traders were...

Stocks Drop on Intel Forecast

MARKET Open

Apr 15, 2009 8:57 AM CDT

Stocks Drop on Intel Forecast

(Newser) - Stocks headed lower at the open, with the Dow off 42 points, the S&P down 4.75, and the Nasdaq behind 17.58. Intel was a big loser, dropping 4% after reporting a better-than-expected 55% decline in profits, and projecting flat sales. “The ‘beat and raise’ scenario...

Stocks Slump on Retail Data

MARKET Open

Apr 14, 2009 8:48 AM CDT

Stocks Slump on Retail Data

(Newser) - Stocks fell at the open today, as a surprisingly bad retail report overshadowed a strong quarter from Goldman Sachs. The Dow fell 55 points, while the S&P and Nasdaq slid 4.3 and 14.1 points respectively. Retail sales fell 1.1% last month, while inflation fell faster than...

Banks Rally, But Dow Falls 26

MARKETS

Apr 13, 2009 3:19 PM CDT

Banks Rally, But Dow Falls 26

(Newser) - More bankruptcy rumblings from General Motors sent stocks down early today, but the blow was cushioned by good news from the financial sector, the Wall Street Journal reports. Citi and Bank of America had double-digit gains ahead of what are expected to be solid earnings reports. The Dow finished down...

No Easter Cheer for Stocks

MARKET Open

Apr 13, 2009 8:44 AM CDT

No Easter Cheer for Stocks

(Newser) - Stock opened lower this morning as investors braced themselves for another round of earnings. The Dow fell 80 points, while the Nasdaq and S&P declined 9.69 and 7.87 points respectively. GM shares plummeted 11% on a report that the Treasury had told it to lay the groundwork...

Goldman Mulls Stock
Offering to Repay Feds

Apr 10, 2009 6:54 AM CDT

Goldman Mulls Stock Offering to Repay Feds

Hopes to repay $10B government loan

(Newser) - Hoping to pay off a $10 billion government loan, Goldman Sachs may take advantage of a rising market to make a multibillion-dollar new stock offering, the Wall Street Journal reports. Employees, investors, and executives all like the idea of cutting the government’s role in the firm, which has held...

Turnaround? Don't Get
Too Giddy Just Yet

Apr 10, 2009 6:39 AM CDT

Turnaround? Don't Get Too Giddy Just Yet

Further decline still possible, they warn

(Newser) - Signs of an economic recovery seem to be sprouting all around, but plenty of skeptics warn against starting the celebration too early, reports the New York Times. Wall Street has been on the upswing the last two months as the credit market begins to thaw and low interest rates aid...

Wells Fargo Lifts Stocks

MARKET Open

Apr 9, 2009 8:45 AM CDT

Wells Fargo Lifts Stocks

(Newser) - Stocks soared at the open today, thanks to Wells Fargo’s announcement that it expects record first-quarter earnings, the Wall Street Journal reports. The Dow climbed 150 points, while the Nasdaq added 1.8% and the S&P jumped 2.3%. Wells Fargo was up more than 20%. A sterling...

Earnings Outlook
Spooks Investors

Market Open

Apr 7, 2009 8:47 AM CDT

Earnings Outlook Spooks Investors

(Newser) - Investors headed for the hills this morning, ahead of a potentially grim earnings season. The Dow tumbled 141 points, while the S&P sunk 2% and Nasdaq 1.6%. As usual, Alcoa will be the first blue chip to report, with results expected by the close today. Its shares fell...

Stocks Slide Ahead of Earnings

MARKET Open

Apr 6, 2009 8:57 AM CDT

Stocks Slide Ahead of Earnings

(Newser) - Stocks turned south this morning, as a series of downgrades and bad news for the Sun/IBM deal spooked investors ahead of earnings season, the Wall Street Journal reports. The Dow dropped 92, the S&P 12. Financials sank after a veteran analyst downgraded 11 major US banks. The Nasdaq fell...

Bears Lurk in
Markets' Bounce: Analysts

Apr 3, 2009 4:58 PM CDT

Bears Lurk in Markets' Bounce: Analysts

(Newser) - The ongoing rally in global financial markets could be setting investors up for another crash, analysts tell the Financial Times, warning that it could be a so-called “bear market bounce.” The fact that financial stocks, which took a beating as markets tumbled, are leading the uptick is particularly...

Stocks Flat After Jobs Data

MARKETs open

Apr 3, 2009 8:48 AM CDT

Stocks Flat After Jobs Data

(Newser) - Stocks ran out of gas at the open today, as investors digested a grim jobs report. The Dow and S&P were essentially flat, the Wall Street Journal reports, while the Nasdaq inched higher, on strong earnings from Research in Motion. The BlackBerry maker posted a 26% gain in earnings...

Dow Up 270 on G20 Hopes

MARKET Update

Apr 2, 2009 8:55 AM CDT

Dow Up 270 on G20 Hopes

(Newser) - Stocks shot higher this morning, as the G20 conference and a European Central Bank interest rate cut spurred optimism. The Dow was recently up 271 points, while the S&P and Nasdaq have each climbed more than 3.5%. Financials got a boost, as investors bet on a relaxing of...

Stocks Dive on Jobs Report

MARKET Open

Apr 1, 2009 8:42 AM CDT

Stocks Dive on Jobs Report

(Newser) - A worse-than-expected jobs report sent stocks tumbling at the open today. The Dow careened down 125 points, while the S&P and Nasdaq sunk 1.8% and 1.9%, respectively. The private sector lost 742,000 jobs in March, according to a new ADP report. Investors were also nervous about...

Stocks Rebound
on Q1's Last Day

Market Open

Mar 31, 2009 8:45 AM CDT

Stocks Rebound on Q1's Last Day

(Newser) - Stocks tried to end the quarter on a positive note this morning, taking back some of what they lost in yesterday’s sell-off. The Dow added 75 points, while the Nasdaq and S&P were up 1% and 1.4% respectively. GM wasn’t in on the rally though; its...

Dow Drops Nearly 300
on Auto Bailout News

MARKET update

Mar 30, 2009 8:46 AM CDT

Dow Drops Nearly 300 on Auto Bailout News

(Newser) - Stocks hit the brakes hard this morning, after the Obama administration’s auto task force panned GM and Chrysler’s proposed reconstruction plans. The Dow was down 298 points by late morning, while the S&P and Nasdaq had tumbled 59 and 31 points respectively. GM plummeted 25%, falling below...