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Stocks Start Slowly in 2009

MARKET Open

Jan 2, 2009 8:49 AM CST

Stocks Start Slowly in 2009

Open flat

(Newser) - Stocks started the new year with a whimper, opening flat in the first trading session of 2009. The Dow rose 26 points, while the S&P and Nasdaq saw 0.3% and 0.2% gains. Many traders were watching oil, which fell $3 today after a 14% surge on Wednesday....

Battered Markets
Crawl Into 2009

ANALYSIS

Jan 1, 2009 9:22 AM CST

Battered Markets Crawl Into 2009

2008 finishes as the worst year for the Dow since 1931

(Newser) - Weary relief that 2008 was finally over greeted the final bell at the New York Stock Exchange yesterday, but shaken investors worry about what 2009 holds, the New York Times reports. The final tally confirmed that the year was the worst for stockholders since the Great Depression. Stock plunges across...

Just How Bad Was 2008?

Dec 31, 2008 4:37 PM CST

Just How Bad Was 2008?

The worst anyone under 70 has seen, Bloomberg reports

(Newser) - If you're under the age of 70, 2008 was probably the worst year you've lived through, reports Bloomberg. Here's why:

In housing, which started the downturn, median resale prices saw a 13% decline, the largest since the 1930s.
Foreclosure rates reached 2.97%, and mortgage delinquency hit 6.99%, both

...

Dow Rises 108 to End Year

MARKETS

Dec 31, 2008 3:21 PM CST

Dow Rises 108 to End Year

Dow off 33%, S&P down 40% for 2008

(Newser) - Stocks posted gains in the last trading session of the year, but this two-day rally will do little to erase the indices' dismal record in 2008, MarketWatch reports. Amid light trading volume ahead of New Year's Day, the Dow gained 108 points to close at 8,776. The Nasdaq closed...

Last '08 Session Starts Flat

MARKET open

Dec 31, 2008 9:10 AM CST

Last '08 Session Starts Flat

Nowhere to go but up?

(Newser) - Stocks started their final 2008 session with tepid optimism, sending the Dow up 28 points, and the Nasdaq and S&P up 0.3% and 0.2% respectively. Fueling the optimism was a stronger-than-expected employment report, which showed new jobless claims dropping by 94,000 last week. Keep an eye...

Stocks Flat Despite Auto Help

MARKET Open

Dec 30, 2008 8:53 AM CST

Stocks Flat Despite Auto Help

(Newser) - Stocks continued their holiday nap today, opening only modestly higher despite an expansion of the auto bailout. The Dow rose 57 points, while the Nasdaq and S&P each rose 0.6%. GM and Ford climbed11% and 2.7% respectively on news that the government would toss $6 billion to...

Stocks Flat as Oil Surges

MARKET Open

Dec 29, 2008 9:10 AM CST

Stocks Flat as Oil Surges

Case Schiller likely to throw this out of whack later

(Newser) - Oil prices soared this morning, as Middle East tensions reached a fever pitch, but stocks barely budged, with the Dow rising a mere 1.83 points, while the Nasdaq and S&P moved up 0.44 and 5.18 respectively. Oil rose above $40 thanks to Israel’s dramatic attacks...

Stocks Get Post-Holiday Bump

MARKET Open

Dec 26, 2008 8:54 AM CST

Stocks Get Post-Holiday Bump

Dow up mildly on light trading

(Newser) - Stocks saw a modest uptick this morning, despite a consumer spending report seemingly designed to puncture post-holiday cheer. The Dow rose 40.93 points, while the S&P and Nasdaq added 3.86 and 5.81, respectively. But volume was extremely low, as many Wall Street denizens took the day...

Sleepy Christmas for Stocks

MARKET Open

Dec 24, 2008 8:47 AM CST

Sleepy Christmas for Stocks

Investors shrug off negative data

(Newser) - There was plenty of bad news for the market today, but investors largely shrugged it off and turned their minds toward Christmas dinner. The Dow rose a mere 3.64 points at the open, while the S&P gained 2.32 points. Consumer spending fell 0.6% last month, and...

Stocks Flat on Minimal Trading

MARKET Open

Dec 23, 2008 8:51 AM CST

Stocks Flat on Minimal Trading

Everyone's on vacation

(Newser) - It was a sleepy open on Wall Street today, as the major stock indexes mostly jogged in place on low volume, the Wall Street Journal reports. The Dow inched up 50 points, while the Nasdaq and S&P lost 0.6% and 0.7% respectively. The government reported a third-quarter...

Auto Rescue Lifts Stocks

MARKET Open

Dec 19, 2008 8:53 AM CST

Auto Rescue Lifts Stocks

In some ways, these tiny days are a nice change of pace

(Newser) - Stocks started off in the right direction this morning, buoyed by the White House’s rollout of its auto rescue plan. The Dow rose 67 points, while the S&P and Nasdaq added 0.7% and 1.6% respectively, the Wall Street Journal reports. President Bush announced a $17.4...

Stocks Up on Mixed Job Data

MARKET Open

Dec 18, 2008 8:46 AM CST

Stocks Up on Mixed Job Data

But FedEx is cutting payroll...

(Newser) - There was good news and bad news on the job front today. Good news: Initial claims for unemployment dropped more than expected last week. Bad news: They’re still near a 26-year high, and FedEx announced that it’s cutting salaries by 5%. But the good outweighed the bad for...

Stocks Sink as Morgan Misses

MARKET Open

Dec 17, 2008 8:52 AM CST

Stocks Sink as Morgan Misses

(Newser) - Stocks retreated this morning, after Morgan Stanley reported a worse-than-expected $2.29 billion loss. Goldman Sachs posted a similar number yesterday, but whereas its stock rose, Morgan’s dropped more than 5%. The Dow likewise shed 107 points at the open, while the Nasdaq and S&P each dropped 1....

Stocks Creep
Up as Inflation Falls

MARKET Open

Dec 16, 2008 8:44 AM CST

Stocks Creep Up as Inflation Falls

Fed expected to cut yet more

(Newser) - Stocks stepped higher at the open today, as investors awaited what many assumed would be an interest rate cut from the Federal Reserve. The Dow rose 77 points, while the Nasdaq and S&P added 1.6% and 1.4% respectively. Investors also learned that inflation took its biggest dive...

Stocks Tread
Water at Bell

MARKET Open

Dec 15, 2008 8:53 AM CST

Stocks Tread Water at Bell

Dow inches downward

(Newser) - Stocks jogged in place at the open as investors awaited smoke signals from the latest Fed meeting. The Dow inched up15 points, while the Nasdaq and S&P added 0.1% and 0.4% respectively, the Wall Street Journal reports. Investors are also awaiting President Bush’s auto rescue plan,...

Stocks Skid on Jobs Numbers

MARKET Open

Dec 11, 2008 8:52 AM CST

Stocks Skid on Jobs Numbers

(Newser) - Stocks dipped at the open today, thanks to a sharp jump in jobless claims and more negative corporate news. The Dow fell 119 points, while the S&P and Nasdaq dropped 1.2% and 1.5% respectively, after the Labor Department announced that new unemployment claims hit a 26-year high...

Stocks Bounce on Bailout Hope

MARKET Open

Dec 10, 2008 8:56 AM CST

Stocks Bounce on Bailout Hope

Dow up about 90

(Newser) - Stocks took a modest bounce this morning, as anticipation over an auto bailout outweighed weakness in financials. The Dow rose 116 points, while the Nasdaq and S&P climbed 1% and 1.2% respectively, the Wall Street Journal reports. AIG shares were down 5% premarket after the Journal reported that...

Stocks Saunter Downward

MARKET Open

Dec 9, 2008 8:59 AM CST

Stocks Saunter Downward

Mild drop as investors hold breath

(Newser) - Stocks dipped at the open today, as investors digested downbeat corporate news while awaiting an auto bailout. The Dow fell as much as 145; the Nasdaq and S&P were off 1.3% and 1.4%, respectively. Auto shares retreated after yesterday’s gains, the Wall Street Journal reports, with...

Stocks Jump on Auto Hope

MARKET Open

Dec 8, 2008 8:47 AM CST

Stocks Jump on Auto Hope

Obama plan also helps extend Friday's rally

(Newser) - Stocks burst out of the gate this morning, as investors continued to cheer Barack Obama’s infrastructure plan and imminent help for the auto industry. The Dow rocketed up 229 points, accompanied by 2.7% and 2.9% jumps for the Nasdaq and S&P, the Wall Street Journal reports....

Jobs Data Send
Stocks Tumbling

MARKET Open

Dec 5, 2008 8:54 AM CST

Jobs Data Send Stocks Tumbling

(Newser) - Stocks took a tumble at the open today, after a stunningly terrible payroll report showed that the US lost more than a half-million jobs in November, the 11th straight month of losses. The Dow fell 95 points, while the S&P and Nasdaq dropped 1% and 1.4% respectively, the...