stock market – News Stories About stock market - Page 154

MARKETS

Sep 25, 2008 8:55 AM CDT

Eyes on DC, Stocks Lift at Bell

GE's cut estimates can't keep market down

(Newser) - An estimate cut from GE couldn’t keep the markets down this morning, as bailout optimism drove the Dow up 88 points, with the Nasdaq and S&P each raising 0.7%, the Wall Street Journal reports. GE slumped 4% premarket after cutting its third-quarter estimates, and predicted that “...

Buffett's Goldman Buy
Stabilizes Stocks

MARKETS

Sep 24, 2008 9:16 AM CDT

Buffett's Goldman Buy Stabilizes Stocks

Sage of Omaha backs Paulson

(Newser) - Stocks rose slightly at the open, reports the Wall Street Journal, buoyed by Warren Buffett’s $5 billion vote of confidence in Goldman Sachs. The Dow Jones rose 21 points, while the S&P rose 0.3%, and the Nasdaq 0.9%. Capitol Hill will again command Wall Street's attention...

Stocks Drop in Europe, Asia Amid Recession Fears

Sep 23, 2008 4:44 AM CDT

Stocks Drop in Europe, Asia Amid Recession Fears

(Newser) - Stocks were down in Europe and Asia today amid fears of a global recession despite the massive government bailout being arranged in the US. Europe's Dow Jones Stoxx 600 Index dipped for a second day, falling 1.8% in early trading, Bloomberg reports. Barclays fell 3.6% and Australia's Macquarie...

Stocks Edge Lower at Open

MARKETS

Sep 22, 2008 9:04 AM CDT

Stocks Edge Lower at Open

Moderate drop as buybacks hold back bears

(Newser) - Stocks declined slightly at open, as big buybacks from Microsoft, HP, and Nike were offset by general financial sector pessimism. The Dow dropped 85 points at the bell, while the S&P fell 0.5% and Nasdaq dropped 0.6%. Microsoft rose 4.9%, after announcing a $40-billion buyback and...

Economy's in
for Grueling
Hangover

OPINION

Sep 21, 2008 6:05 AM CDT

Economy's in for Grueling Hangover

Time to pay for the party

(Newser) - The federal government’s giant bailout plan sparked a stock market surge—but it’s unlikely the economic turbulence will end anytime soon, warns David Leonhardt in the New York Times. “It’s been a long period of excess” lasting over a decade, and now the dot-com, stock market...

Wall Street's New Rules Worry Traders

Sep 20, 2008 11:22 AM CDT

Wall Street's New Rules Worry Traders

Temporary ban on short-selling causes fundamental shifts

(Newser) - Stocks roared back to life yesterday on the government’s actions to stabilize the markets, but many traders expressed uncertainty about the new rules of the game, the New York Times reports. The temporary ban on short selling and the new requirement to disclose such trades have wreaked havoc with...

Stocks Skyrocket as New
Rules Boost Financials

Sep 19, 2008 9:05 AM CDT

Stocks Skyrocket as New Rules Boost Financials

(Newser) - Stocks surged this morning, with the Dow shooting up more than 400 points within minutes of the open, and steadying just under that, as investors celebrated new rules clamping down on short selling and the government’s hotly anticipated plan to buy bad debt from banks. The S&P and...

SEC Halts Short Selling
on Financial Stocks

Sep 19, 2008 6:56 AM CDT

SEC Halts Short Selling on Financial Stocks

SEC suspends practice blamed for downward market pressure

(Newser) - The SEC temporarily banned short-selling of 799 financial companies today, an “emergency action" aimed at slowing sliding stock prices that have rattled investors’ confidence in recent weeks, CNNMoney reports. The practice, in which in investors borrow stock and sell it, hoping to buy it back cheaper and pocket the...

Global Stocks Surge
on Credit-Market Moves

MARKETS

Sep 19, 2008 4:33 AM CDT

Global Stocks Surge on Credit-Market Moves

New Treasury plans also boost market

(Newser) - World stocks jumped today on government measures to stop the credit-market meltdown and news that the US and the UK were getting tough on short sellers, Bloomberg reports. Deutsche Bank and Credit Suisse climbed 15% after four days of decline in Europe, while Australia’s Macquarie surged 38% after the...

Short-Sellers, False Rumors Under Scrutiny

updated

Sep 18, 2008 8:00 PM CDT

Short-Sellers, False Rumors Under Scrutiny

(Newser) - They may not be the most glamorous of villains, but so-called short-sellers are coming under growing scrutiny for their role in the market chaos, Bloomberg reports. New York Attorney General Andrew Cuomo said today he's investigating whether short-sellers spread false rumors about firms such as AIG and Lehman Brothers so...

Stocks Jump at Bell
on Central Bank Cash

MARKETS

Sep 18, 2008 9:05 AM CDT

Stocks Jump at Bell on Central Bank Cash

Dow up 140

(Newser) - Stocks surged at the opening bell this morning, as traders registered approval of the central banks’ move to inject $360 billion into global money markets. The Dow jumped 118 points, while the S&P and Nasdaq rose 1.6% and 2% respectively. “These joint interventions are welcomed by the...

Stocks Dive at Open on AIG Save, Weak Housing Starts

MARKETS

Sep 17, 2008 9:05 AM CDT

Stocks Dive at Open on AIG Save, Weak Housing Starts

Financials drive decline

(Newser) - Stocks took a nosedive at the opening bell, with the Dow falling 190.28 points within minutes, as the market absorbs an AIG bailout that prevented a body blow to the economy but was none too friendly to shareholders, the Wall Street Journal reports. The insurer fell 21% at the...

AIG Rescue Boosts Euro
Stocks; Asia Rally Fades

Sep 17, 2008 4:49 AM CDT

AIG Rescue Boosts Euro Stocks; Asia Rally Fades

Still 'edgy,' notes analyst

(Newser) - European stocks edged up today for the first time in three days on news of the US government's $85 billion bailout of insurance giant AIG—but an early rally in Asian markets faded, reports Bloomberg and the New York Times. Europe's Stoxx 600 climbed as much as 1.9% after...

Fluctuating Markets Close Up

MARKETS

Sep 16, 2008 3:17 PM CDT

Fluctuating Markets Close Up

Dow returns to 11K-plus territory

(Newser) - As AIG's future became somewhat clearer, the wildly fluctuating markets settled into positive territory at the end of today's session. Rumors that the Fed will bail out the mega-insurer helped nearly erase a 74% decline, Bloomberg reports. The Dow closed up 141.51 at 11,059.02, the Nasdaq gained...

Speculation on New Fed
Rate Cut Tempers Losses

MARKETS

Sep 16, 2008 10:44 AM CDT

Speculation on New Fed Rate Cut Tempers Losses

Stocks dip early, then tick closer to even ahead of mid-afternoon announcement

(Newser) - Stocks swung upward after big opening losses today, the Wall Street Journal reports, helped by speculation that the Federal Reserve might step in to help AIG and cut interest rates. The Dow, down 155 early, was just barely negative before noon, with a similar pattern from other indices. “We're...

Stocks Down Again at Open

MARKETS

Sep 16, 2008 9:15 AM CDT

Stocks Down Again at Open

AIG, Goldman pace decline

(Newser) - Stocks declined at the opening bell today, sending the S&P 500 into its worst two-day slump since 2002, Bloomberg reports. Investors reacted to an overnight credit downgrade for liquidity-challenged AIG and a weak Goldman Sachs earnings report. Overnight lending rates took a record jump last night, as markets fell...

Lehman Crash
Triggers Global
Market Tumble

Sep 15, 2008 3:40 AM CDT

Lehman Crash Triggers Global Market Tumble

US futures and dollar sink: 'It's mayhem'

(Newser) - Lehman Brothers’ bankruptcy, along with news that mammoth insurer AIG is seeking a $40 billion Federal Reserve loan, has sent European and Asian markets, US futures and the dollar sharply downward, Bloomberg reports. Swiss-based UBS AG, Europe’s bank most hurt by the subprime crisis, plunged 7.2%. Australia’s...

SEC Looking Into United Airlines Stock Glitch

Sep 11, 2008 5:40 PM CDT

SEC Looking Into United Airlines Stock Glitch

Stock slid hard on bad, old info picked up by automated Google news service

(Newser) - The Securities and Exchange Commission is looking into the recent, but temporary, nosedive in United Airlines stock spurred by the republication of a 6-year-old article about the company’s bankruptcy, the Wall Street Journal reports. The agency has begun a preliminary investigation to see whether any shady behavior was involved,...

Lehman Bros. to Report 3Q Stats
Today in Bid to Calm Market

Sep 10, 2008 1:59 AM CDT

Lehman Bros. to Report 3Q Stats Today in Bid to Calm Market

Battered firm to unveil 'strategic initiatives'

(Newser) - Lehman Brothers plans to release its third-quarter results and "key strategic initiatives" this morning—a week earlier than expected—in a bid to calm investors, Marketwatch reports. The securities firm took its biggest Wall Street walloping in history yesterday, with share prices plunging 45% to finish 85% down from...

Computer Crash Paralyzes London Trading

Sep 9, 2008 1:55 AM CDT

Computer Crash Paralyzes London Trading

Dealers miss out on millions in stock market surge

(Newser) - A catastrophic computer crash shut out dismayed London traders from the market yesterday as stocks soared around the world in the wake of the US bailout of Freddie Mac and Fannie Mae, the Times of London reports. The seven-hour systems failure at the London Stock Exchange is estimated to have...