stock market – News Stories About stock market - Page 146

Market Bounces 300+
on Bernanke, Citi News

MARKETS

Mar 10, 2009 11:16 AM CDT

Market Bounces 300+ on Bernanke, Citi News

Citi leads way as Bernanke comments give boost

(Newser) - The Dow surged more than 300 points this morning, as investors welcomed news from Citigroup CEO Vikram Pandit that his bank had shown a profit the first two months of this year, and optimistic comments from Fed chairman Ben Bernanke. The Dow had risen 312 points by noon, led by...

Stocks Head for Rebound

MARKET Open

Mar 10, 2009 8:52 AM CDT

Stocks Head for Rebound

(Newser) - Stocks jumped out of the gate this morning, after a tech-driven sell-off yesterday that brought indexes to new bear market lows. The Dow rose 140 points, with Alcoa up 8% and GE up more than 10%. The S&P and Nasdaq soared 2.3% and 2% respectively. Financials were among...

Stocks Dip Again

MARKET Open

Mar 9, 2009 8:54 AM CDT

Stocks Dip Again

(Newser) - After four consecutive weeks of losses, stocks headed south yet again today, with the Dow down 40 points, and the S&P and Nasdaq sliding 0.5% and 0.2% respectively in early trading, the Wall Street Journal reports. The pessimism comes after the World Bank said that the global...

Dow Will Hit 36,000, Er, Sometime

Mar 8, 2009 5:54 AM CDT

Dow Will Hit 36,000, Er, Sometime

'I just can't tell you when,' says Dow 36,000 author

(Newser) - The author of the book Dow 36,000—which predicted massive stock market growth—still believes the market will hit that astronomically high number—but he's not saying when. OK, maybe a "calmer title might have been better," for his 1999 tome, James K. Glassman conceded in a...

No, It's a Terrific Time to Panic

OPINION

Mar 6, 2009 12:22 PM CST

No, It's a Terrific Time to Panic

Market prognosticators don't know what they're talking about

(Newser) - When the Dow plunged 300 points Monday, one money manager called it “the best buying opportunity we’ve seen in years.” Joe Queenan isn’t so sure. “The best buying opportunity in years is now 14 months old,” he writes in the Los Angeles Times. As...

Markets Inch Up

MARKET Open

Mar 6, 2009 8:48 AM CST

Markets Inch Up

(Newser) - Stocks attempted to mount a rally this morning, following yesterday’s 4.1% Dow plunge. The Dow rose 69 points, while the S&P added 1% and the Nasdaq 0.5%, the Wall Street Journal reports. That move came despite a gruesome jobs report that saw unemployment jump to a...

Suddenly, Blue Chips
Are Penny Stocks

Mar 6, 2009 7:52 AM CST

Suddenly, Blue Chips Are Penny Stocks

Nobody's too big to sell

(Newser) - America's once-mightiest stocks have been humbled. Blue chips such as Citigroup, GE, and GM are trading at laughable levels, with Citgroup shares even going under a dollar yesterday. Analysts offer two main reasons for the troubles of big companies: they relied on offering financing to customers, which killed them in...

GM Drives Stocks Back Down

MARKET Open

Mar 5, 2009 8:49 AM CST

GM Drives Stocks Back Down

I bet you didn't even notice the pun

(Newser) - Bears made short work of yesterday’s rally, driving the Dow down 120 points at the open today after GM said its auditors doubted it could continue operating. The S&P sunk roughly 2%, while the Nasdaq fell 1.6%. GM shares plummeted 13%, and are trading below $2. Ford...

China's Rally Sends Stocks Up

MARKET Open

Mar 4, 2009 8:38 AM CST

China's Rally Sends Stocks Up

(Newser) - Stocks surged at today’s open, tracking a huge rally in China, the Wall Street Journal reports. The Dow climbed 100 points, while the S&P and Nasdaq each added 1.8%. That followed a more than 6% leap in the Shanghai Composite, on strong manufacturing data and stimulus discussion....

Odds of a Depression? 1 in 5

ANALYSIS

Mar 4, 2009 7:15 AM CST

Odds of a Depression? 1 in 5

Economist crunches historic stock-market data to gauge the chances of depression

(Newser) - The bad news is that this recession is likely to be America's worst since WWII—but the good news is there's only a 20% chance it will become a depression, Robert Barro writes in the Wall Street Journal. The Harvard economist crunched numbers from 251 stock-market crashes in 34 countries...

Obama: It's a Great
Time to Buy Stocks

Mar 3, 2009 4:12 PM CST

Obama: It's a Great Time to Buy Stocks

(Newser) - As if he didn't have enough to do, President Obama is now taking a stab at being the nation's stockbroker. Asked about yesterday's huge sell-off, Obama said that it's "potentially" a great time to buy stocks. Presidents usually shy away from such advice, notes Eamon Javers of Politico, given...

Stocks Inch Up After Plunge

MARKET Open

Mar 3, 2009 8:48 AM CST

Stocks Inch Up After Plunge

(Newser) - Stocks limped higher at the open today, after a punishing Monday session that left the Dow below 7,000, its worst levels since April 1997. Today the Dow was up 80 points in early trading, the Wall Street Journal reports, while the S&P and Nasdaq added 1.6% and...

Dow Drops Below 7000

MARKETS

Mar 2, 2009 8:45 AM CST

Dow Drops Below 7000

(Newser) - Stocks sunk below 7000 at the open today, extending a global selloff fueled by trouble in financials. The Dow was off 161 points by mid-morning, while the S&P tumbled 2.5%, the Nasdaq 1.9%. Bad news abounded, with HSBC saying it planned to limit US lending, AIG’s...

Dow Falls 119 on Citi Fears

MARKETS

Feb 27, 2009 3:23 PM CST

Dow Falls 119 on Citi Fears

(Newser) - The government’s move to downgrade its shares in Citigroup pushed the Dow down today, Bloomberg reports. Not helping was news that GDP contracted 6.2% in the last quarter, and the end to a weeklong rally by other big banks. The Dow fell 119.15, to 7,062.93;...

Stocks Plunge on GDP, Citi

MARKET Open

Feb 27, 2009 8:44 AM CST

Stocks Plunge on GDP, Citi

(Newser) - Stocks took an early dive today, as investors digested a bleak GDP report and Citigroup’s new rescue package, the Wall Street Journal reports. The Dow tumbled about 125 points, while the S&P lost 2%. The Nasdaq dropped 1.1%. Citigroup shares plummeted 31% after it announced a deal...

Jobs, GM Can't Knock Stocks

MARKET Open

Feb 26, 2009 8:50 AM CST

Jobs, GM Can't Knock Stocks

(Newser) - Stocks headed north early, with the Dow up 93 points, despite bleak economic data and a $9.6 billion loss from GM. Jobless claims unexpectedly leaped last week, with total claims topping 5 million for the first time, while durable goods orders sunk 5.2% in January. But JPMorgan rose...

Nasdaq Swipes $80B
in NYSE Listings

Feb 26, 2009 8:35 AM CST

Nasdaq Swipes $80B in NYSE Listings

Nasdaq offers information, screen-time to woo NYSE clients

(Newser) - In the war for stock listings, Nasdaq is on the offensive, offering companies beefed-up information and appearances on the exchange's towering Times Square video screen to woo them from the NYSE, the Wall Street Journal reports. Nasdaq was "very aggressive in creating marketing opportunities" for Dreamworks, including a 7-story...

Eye on Banks, Stocks Sink Early

MARKETS

Feb 25, 2009 8:50 AM CST

Eye on Banks, Stocks Sink Early

Dow drops 30 points after bell

(Newser) - Stocks sank after the opening bell this morning, with traders’ eyes still on troubled banks, which face regulators’ stress tests starting today, the Wall Street Journal reports. The Dow quickly plunged 30 points; the S&P slipped 0.5% with a 2.2% drop in financials; and the Nasdaq tumbled...

Politicos' Loose
Lips Sink Stocks

Feb 24, 2009 12:37 PM CST

Politicos' Loose Lips Sink Stocks

Pols still don't know their own strength on Wall St.

(Newser) - DC and New York usually keep a healthy distance. These days, though, Wall Street has no choice but to hang on every word of key politicians. For the pols themselves, Politico reports, that takes some getting used to. When Sen. Chris Dodd publicly toyed Friday with the idea of bank...

Stocks Limp Higher

MARKET Open

Feb 24, 2009 8:46 AM CST

Stocks Limp Higher

(Newser) - Stocks inched higher at the open today, after a punishing session yesterday that left them at their lowest closing level since 1997. The Dow rose 40 points, while the Nasdaq and S&P each gained 0.7%. Financials are still the focus, with AIG shares tumbling 23% on reports it...