stock market – News Stories About stock market - Page 155

United Shares Dive 99.92%
on False Bankruptcy Report

Sep 8, 2008 12:49 PM CDT

United Shares Dive 99.92% on False Bankruptcy Report

6-year-old story posted on newspaper site picked up across financial world

(Newser) - Trading in United Airlines shares was halted today on the New York Stock Exchange after a false bankruptcy report made them nearly worthless, the New York Times reports. At one point, the airlines’ shares fell 99.92%, to a single cent, after a reporter incorrectly republished a 6-year-old story about...

US Stocks Soar on Fannie/Freddie Takeover

MARKETS

Sep 8, 2008 9:40 AM CDT

US Stocks Soar on Fannie/Freddie Takeover

Dow up 300 early as investors bet on broader recovery

(Newser) - Stocks surged this morning as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the US government will bail out mortgage lenders Fannie Mae and Freddie Mac. The major indices jumped, with the Dow Jones industrials gaining more than 300 points. Meanwhile, bond prices...

Stocks Rally Strong on
Fannie, Freddie Takeover

MARKETS

Sep 8, 2008 4:29 AM CDT

Stocks Rally Strong on Fannie, Freddie Takeover

Europe, Japan, US futures see market surge

(Newser) - European and Japanese stocks saw their biggest surge since January and US futures climbed amid news of the Treasury Department’s plan to take charge of Fannie Mae and Freddie Mac, Bloomberg reports. Europe's UBS AG, pounded by subprime losses, and Japan’s Mizuho Financial Group, its biggest bank by...

Financials Key Big Turnaround

MARKETS

Jul 29, 2008 3:09 PM CDT

Financials Key Big Turnaround

Surge by BofA, lower oil prices key rally that erases previous day's tumble

(Newser) - Investors, cheered by Merrill Lynch’s attempt to regain its financial footing, plowed ahead today despite ugly news on housing prices and consumer confidence, the Wall Street Journal reports. The rally helping the major indices recoup yesterday’s losses—and then some. The Dow was up 266.48 to 11,...

Dow Plunges 239 Points

MARKETS

Jul 28, 2008 3:39 PM CDT

Dow Plunges 239 Points

S&P 500 sheds 1.9%; financials lead retreat

(Newser) - The markets plummeted today as worries over the economy and problems in the financial sector outweighed high spirits over the rescue plan for mortgage giants Fannie Mae and Freddie Mac, MarketWatch reports. The Dow plunged 239.61 to 11,131.08, the Nasdaq nosedived 46.31 to 2,264.22,...

Tech Firms Buoyed
by Demand Abroad

Jul 18, 2008 8:53 AM CDT

Tech Firms Buoyed by Demand Abroad

International demand keeps tech afloat even as economy sinks

(Newser) - The tech sector keeps rolling even as the overall economy continues to flail, the Wall Street Journal reports. Four of tech’s giants, Microsoft, Google, IBM and Nokia, posted quarterly results yesterday, riding high on developed nations’ need for cost-saving technologies and emerging economies’ demand for infrastructure upgrades as the...

SEC Will Limit
Short Sales of
Finance Stocks

Jul 16, 2008 9:48 AM CDT

SEC Will Limit Short Sales of Finance Stocks

Agency worried negative bets by traders are hurting the market

(Newser) - The SEC will step in to police naked short-selling of 17 financial firms, as well as Fannie Mae and Freddie Mac, the Wall Street Journal reports. The agency said it plans to impose short-term, emergency rules on Monday that curtail traders betting on the stocks to drop, worried the short...

Stocks Rebound on GM News

MARKETS

Jul 1, 2008 3:31 PM CDT

Stocks Rebound on GM News

Markets edge upwards after big fall early in the session

(Newser) - Stocks rebounded from an early slump today after a better-than-expected sales report from General Motors, the Wall Street Journal reports. The GM news also pushed up stocks of other troubled automakers. The Dow ended up 32.25 at 11,382.26, the Nasdaq up 11.99 at 2,304.97,...

A Year On,
Credit Crisis
Lingers

ANALYSIS

Jul 1, 2008 7:09 AM CDT

A Year On, Credit Crisis Lingers

'Vicious circle' threatens broader economy

(Newser) - Despite assurances from some experts that the credit crisis would be short-lived, the forecast remains bleak after more than a year of frustrations, the New York Times reports. In a “vicious circle,” falling home prices lead to more bad loans, which makes credit harder to get so that...

Mixed Results Cap Ugly June

MARKETS

Jun 30, 2008 3:39 PM CDT

Mixed Results Cap Ugly June

Month was 'something like the worst since the Great Depression,' analyst says

(Newser) - Stocks ended mixed today—the last day of the second quarter—and couldn't prevent the Dow and S&P from their worst June since the Great Depression, CNNMoney reports. The Dow ended up 3.50 today, to 11,350.01; the Nasdaq was down 22.65 to 2,292.98,...

For Venture Capitalists,
Wells Run Dry

Jun 28, 2008 10:04 AM CDT

For Venture Capitalists, Wells Run Dry

None of investors' gambles go public in second quarter

(Newser) - Wall Street has not been kind to venture capitalists in the second quarter. For the first time since 1978, not one company they backed went public, taking away their source of big paydays, the New York Times reports. Observers cite a number of reasons, including lousy market conditions, a shift...

Stocks Drop to 2008 Low
as Bad News Piles Up

MARKETS

Jun 26, 2008 12:45 PM CDT

Stocks Drop to 2008 Low as Bad News Piles Up

Dow drops more than 250 points as GM, Citi take hits

(Newser) - Stocks tumbled today as Wall Street contended with a barrage of bad news: another surge in oil prices and warnings of trouble in the key financial, automotive, and high-tech industries. The major indexes showed losses of more than 2%, including the Dow Jones industrial average, which shed more than 250...

Stocks Dip as Fed Meets

MARKETS

Jun 24, 2008 3:46 PM CDT

Stocks Dip as Fed Meets

Fed inaction spurs recovery from bad economic news

(Newser) - The markets seesawed throughout today's session, closing down slightly as a minor rally in financials offset bad economic news and warnings of a poor quarter for UPS, MarketWatch reports. The Dow fell 34.93 to 11,807.43, Nasdaq dropped 17.46 to 2,368.28, and the S&P...

Stocks Stall, Finish Mixed

MARKETS

Jun 23, 2008 3:30 PM CDT

Stocks Stall, Finish Mixed

Investors are cautious ahead of Fed meeting

(Newser) - Markets ended mixed today, burdened by high oil prices and shaky financials. "It's been a terrible market. It definitely looks like we're going to re-test the lows all this week," an economist tells the Wall Street Journal. The Dow ended down 0.33 at 11,842.36, the...

Faltering Banks
Push Stocks Down

MARKETS

Jun 17, 2008 3:15 PM CDT

Faltering Banks Push Stocks Down

Financials tumble despite solid report from Goldman Sachs

(Newser) - The markets fell today, led by plunging financials and bank stocks, despite a solid second-quarter report from Goldman Sachs. "There is a lack of clarity at every level of the financial system right now, from regulators to companies," a floor trader told the Wall Street Journal. The Dow...

Stocks Mixed as Oil Pulls Back

MARKETS

Jun 16, 2008 3:22 PM CDT

Stocks Mixed as Oil Pulls Back

Techs climb; yardsticks swing between red and black

(Newser) - Stocks ended mixed today as oil prices pulled back after hitting a high of nearly $140 a barrel. Investors are still concerned about economic instability, but many have already abandoned financials, reports the Wall Street Journal. The Dow ended down 38.27 at 12,269.08, the Nasdaq up 20....

Oil Reversal Stymies Rally

MARKETS

Jun 12, 2008 3:45 PM CDT

Oil Reversal Stymies Rally

Market ends up 57 points, down from 185-point rally

(Newser) - A stock rally lost steam after oil reversed an early decline and finished up slightly at $136.74 a barrel, Marketwatch reports. Investors had earlier turned bullish on an unexpectedly strong retail report and crude prices of $131.55. The Dow ended up 57.81 points, at 12,141.58,...

Buffett Bets
Big Against Hedge Funds

Jun 10, 2008 12:16 PM CDT

Buffett Bets Big Against Hedge Funds

Market will beat the pros, legendary investor wagers

(Newser) - Warren Buffett has a lot of money to put where his mouth is. The Oracle of Omaha has bet $320,000 that the market, as measured by the S&P 500, will beat a collection of five carefully selected hedge funds, reports CNNMoney. Taking him on is Protégé Partners,...

Oil Plunges; Stocks Gain

MARKETS

May 27, 2008 3:31 PM CDT

Oil Plunges; Stocks Gain

Markets shake off steep decline in housing prices

(Newser) - The markets pulled out modest gains today on plunging oil prices, despite housing price indices that showed the biggest drop in 20 years, the Wall Street Journal reports. The Dow ended up 68.72 at 12,548.35, the Nasdaq up 36.57 at 2,481.24, and the S&...

Dismal Day Ends Dismal Week

MARKETS

May 23, 2008 3:34 PM CDT

Dismal Day Ends Dismal Week

Housing, oil continue to pummel equities

(Newser) - Stocks fell today, rounding out a gloomy week as the familiar themes of housing malaise and energy costs manifested in widespread big losses, MarketWatch reports. The Dow fell 145.99 to close at 12,479.63, the Nasdaq lost 19.91, settling at 2,444.67, and the S&P...