stock market – News Stories About stock market - Page 148

MARKET Open

Mar 13, 2009 8:44 AM CDT

Stocks Steady at Open

(Newser) - It was another calm open for stocks, with the major indices building ever so slightly on three days of positive movement, the Wall Street Journal reports. The Dow is up 55 points, while the S&P inched up 0.5%, and the Nasdaq slipped down 0.1%. The Dow is...

18% of US Wealth
Up in Smoke Last Year

Mar 13, 2009 6:36 AM CDT

18% of US Wealth Up in Smoke Last Year

Fed figures show $11 trillion was wiped out Americans' net worth last year

(Newser) - Last year's stock market and housing slumps wiped out nearly a fifth of the wealth of American families, the Wall Street Journal reports. The Federal Reserve announced yesterday that $11 trillion—more than the output of Britain, Germany and combined—was erased from the net worth of households in 2008,...

US Household Wealth
Falls Record $5.1T

Mar 12, 2009 2:19 PM CDT

US Household Wealth Falls Record $5.1T

Combined five-quarter drop is nearly as big as US GDP for 2008

(Newser) - The wealth of US households fell at a record pace in the last quarter of 2008, as drops in home values and stock prices accelerated, Bloomberg reports. Net worth for households and non-profits fell $5.1 trillion to $51.5 trillion, nearly twice the decline between the second and third...

Madoff Case Likely to Sour Boomers on Stocks

ANALYSIS

Mar 12, 2009 1:47 PM CDT

Madoff Case Likely to Sour Boomers on Stocks

Fraud is final straw after terrible performance, analysts say

(Newser) - With Bernard Madoff’s long, fraudulent story drawing to a close, stock-market analysts look to the larger effect the $50 billion Ponzi scheme will have on equities, Kate Gibson writes for MarketWatch. Combined with the dismal performance in stocks over the last year, experts say Madoff’s deception has probably...

Stocks Tread Water

MARKET Open

Mar 12, 2009 8:38 AM CDT

Stocks Tread Water

(Newser) - Stocks murmured softly at today's open, barely moving off yesterday’s numbers. The Dow fell 19 points, while the Nasdaq and S&P were essentially flat. GE was on the rise after S&P cut its credit rating less than expected, from AAA to AA+. Investors were also mulling a...

Smokes, Beer
Worth More
Than Stock

Mar 11, 2009 6:48 PM CDT

Smokes, Beer Worth More Than Stock

Whole Foods shares worth less than a pound of scallops in their stores

(Newser) - Why settle for the goods when you can get the factory—or a piece of it—instead? Gawker finds more companies whose shares are worth less than products they sell:

Have dreams of owning a brewery? Scoop up an Anheuser-Busch share ($20.16) for less than one Bud Light case.

...

Stocks Lose Momentum

MARKET Open

Mar 11, 2009 8:49 AM CDT

Stocks Lose Momentum

(Newser) - Stocks fell ever so slightly at today's open, defying futures that had shown yesterday’s big rally continuing. The Dow inched down 20 points, while the S&P and Nasdaq were essentially flat. But financials were still moving and shaking, with Citigroup adding 13% and Bank of America up 5%,...

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...