stock market – News Stories About stock market - Page 158

MARKETS

Mar 12, 2008 3:38 PM CDT

Stocks Rally, Flatten, End Down

Oil hitting $110-a-barrel mark sure doesn't help; hopes of another rate cut rise

(Newser) - Markets shot up early today, then flattened out and ended down as record oil and gas prices put a damper on things. Per-barrel oil prices hit $110.20 before landing at $109.92, the Wall Street Journal reports. The Dow ended down 46.57 to 12,110.24, the Nasdaq...

Wow! Dow Climbs 400 Points

MARKETS

Mar 11, 2008 3:55 PM CDT

Wow! Dow Climbs 400 Points

Fed's plan sends stocks roaring

(Newser) - The Fed's plan to ease the credit crisis sent stocks roaring today; by the closing bell, the Dow was up by more than 400 points. Financials led the way, reports the Wall Street Journal, with massive gains by Citigroup and American Express. The Dow closed up 416.66 at 12,...

PC Makers Aim Overseas

Mar 7, 2008 12:23 PM CST

PC Makers Aim Overseas

US remains biggest market as demand in other skyrockets

(Newser) - PC makers are increasingly setting their sights on markets outside the US, which are making up an ever-larger share of the worldwide computer market, USA Today reports. PC sales are growing in the US, still the world’s largest market, but are rising much faster elsewhere. Last year, the US...

Asian Stock Markets Dive

Mar 7, 2008 6:07 AM CST

Asian Stock Markets Dive

US credit crisis has investors in Asian markets hedging their bets

(Newser) - Japan’s Nikkei fell 3.3% and Australia’s S&P/ASX2000 dropped 3.2% as woeful US economic news—including rising foreclosures, worsening homeowner debt and impending credit defaults—sent Asian markets reeling, the Associated Press reports. Investors also worried that a key jobs report to be released this morning...

Early Rally Falls Flat, Recovers

MARKETS

Mar 5, 2008 3:39 PM CST

Early Rally Falls Flat, Recovers

Stocks creep back up after a hit from Ambac plan

(Newser) - After an early rally, stocks fell after being hit with news on Ambac Financial's restructuring plan, but then regained some of the lost territory by the closing bell. Shares fell after Ambac said that instead of a bailout plan, it would raise money through a sell-off and restructuring, reports CNNMoney....

Feds OK Wyeth's New Antidepressant

Feb 29, 2008 7:41 PM CST

Feds OK Wyeth's New Antidepressant

Faced with generic threats to its popular Effexor XR, company banking on Pristiq

(Newser) - Antidepressant Effexor XR will soon lose patent protection, and maker Wyeth is hoping Pristiq, the successor drug approved today by the FDA, will soften the financial blow. Higher-ups at the company gush over Pristiq's advantages, including zero acclimation time and no liver interaction, and hope that sales will offset losses...

Higher Bid Could Rattle Yahoo Holders

Feb 27, 2008 9:24 PM CST

Higher Bid Could Rattle Yahoo Holders

Many also hold Microsoft stock and could lose money

(Newser) - A new Microsoft bid to take over Yahoo will do little to quash Yahoo holders' worries— primarily because many of them have greater holdings in Microsoft itself, reports MarketWatch. Eighteen of Yahoo's top shareholders—comprising 42% of its shares—have greater investments in the software Goliath "and could likely...

Stocks Flat After Roller Coaster

MARKETS

Feb 27, 2008 3:21 PM CST

Stocks Flat After Roller Coaster

Market buffeted by more ugly data, soothing Bernanke testimony

(Newser) - Stocks ended mainly flat after mixed news had indices seesawing throughout today's session, the Wall Street Journal reports. Economic news was bad in general, but Federal Reserve chairman Ben Bernanke and housing regulators cheered the markets with upbeat comments. The Dow ended up 9.36 to 12,694.28, the...

Stocks Surge on IBM Buyback

MARKETS

Feb 26, 2008 3:40 PM CST

Stocks Surge on IBM Buyback

Techs bolster confidence on 3rd straight day of gains

(Newser) - A $15 million buyback by IBM plus today's good retail news and higher commodity prices set off a third straight day of stock market gains. IBM sparked a tech rally, including big gains by Intel and Microsoft, the Wall Street Journal reports. The Dow gained 114.7 to close at...

Stocks Rally on Credit News

MARKETS

Feb 25, 2008 3:43 PM CST

Stocks Rally on Credit News

S&P maintains rating of top bond insurers Ambac, MBIA

(Newser) - Stock rallied in a big way today after S&P maintained the high credit ratings of top bond insurers Ambac and MBIA. The rating agency called MBIA's success "a strong statement of management's ability to address the concerns relating to the capital adequacy of the company," the Wall ...

Stocks Surge in Late Comeback

MARKETS

Feb 22, 2008 3:47 PM CST

Stocks Surge in Late Comeback

Depressing day reverses on news of possible Ambac bailout

(Newser) - Traders faced heavy losses across the board today until a late rally on news of a possible bailout for a major bond insurer sent prices soaring to gains, MarketWatch reports. The Dow rose 96.72 points to close at 12,381.02, the Nasdaq gained 3.57 points to 2,...

Stocks Bearish on Factory Data

MARKETS

Feb 21, 2008 3:45 PM CST

Stocks Bearish on Factory Data

Dow drops nearly 143 points on weak manufacturing news

(Newser) - Energy and industrial shares led the markets on a decline that saw all the major indexes fall more than 1%, MarketWatch reports. A drop in oil prices hurt energy stocks, and the Philadelphia Federal Reserve said regional manufacturing had contracted. The Dow fell 142.96 points to 12,284.30,...

Markets Drop
as KKR Unit Delays Payment

Feb 20, 2008 7:21 AM CST

Markets Drop as KKR Unit Delays Payment

Concern about liquidity in the US has investors selling off in Asia

(Newser) - Asian stocks slumped today after reports in the Financial Times that a struggling arm of private equity heavyweight Kohlberg Kravis Roberts. missed a second payment on billions of dollars of commercial debt just 6 months after two of its founders poured $270 million into the company. Investors cashed out as...

$100 Oil Extinguishes Rally

MARKETS

Feb 19, 2008 4:11 PM CST

$100 Oil Extinguishes Rally

After three-digit gain, the Dow ends down

(Newser) - After three-digit Dow gains, today's record surge in oil prices knocked out a broad rally, and the major indexes closed in the red. Analysts say the market won't be able to sustain a prolonged rally for some time. "The rallies we're seeing now are just bounces, not a new...

Techs Keep the Rally Going

MARKETS

Feb 13, 2008 3:30 PM CST

Techs Keep the Rally Going

Surge in demand for Applied Materials gives market a boost

(Newser) - Stocks rose for a third straight day today, spurred in part by a big tech rally and healthy retail sales at gas stations, Bloomberg reports. Big advances at Applied Materials, which makes superconductor equipment, led the tech gains. "The rally could last," said one analyst. "We see...

Buffett's Offer Cheers Investors

MARKETS

Feb 12, 2008 3:40 PM CST

Buffett's Offer Cheers Investors

Stocks end mixed as billionaire offers to reinsure bonds

(Newser) - Stocks ended mixed today, with the Dow up more than 100 points on Warren Buffet's offer to reinsure municipal bonds. "The important thing is that people are thinking we're now close to some kind of broader bailout of the bond insurers," an economist told the Wall Street Journal....

Stocks Climb Out of a Hole

MARKETS

Feb 11, 2008 3:44 PM CST

Stocks Climb Out of a Hole

Dow edges back up after AIG-sparked plummet

(Newser) - Stocks climbed to post modest gains today after a plunge early in the session. Financials fell early after AIG said its credit-derivatives portfolio lost $4.88 billion, significantly more than the company had estimated in December, reports the Wall Street Journal. The Dow closed up 57.88 at 12,240....

Rally Fizzles on Inflation Fears

MARKETS

Feb 6, 2008 3:26 PM CST

Rally Fizzles on Inflation Fears

Comments by Fed official dampen spirits

(Newser) - An early rally fizzled late over inflation fears, and stocks ended down today. The Philly Fed chief raised inflation worries when he said the Fed had to concentrate on "price stability" when considering future rate cuts, the Wall Street Journal reports. The Dow fell 65.03 to 12,200....

Banks Falter; Stocks Get Sacked

MARKETS

Feb 4, 2008 3:56 PM CST

Banks Falter; Stocks Get Sacked

Financial downgrades hit the market where it hurts

(Newser) - Stocks fell today on a spate of analyst downgrades of banks and credit-card issuers. American Express, Discover Financial, and Capital One were all hit with downgraded ratings by UBS, reports the Wall Street Journal. The Dow fell 108.03 at 12,635.18, the Nasdaq 30.51 at 2382.85,...

European Markets Open Higher as
Asia Rallies

Feb 4, 2008 7:33 AM CST

European Markets Open Higher as Asia Rallies

Street's positive close has investors upbeat

(Newser) - European markets opened higher on the heels of a mining and technology stock rally in Asia and a positive close on Wall Street Friday, reports the AP. China's benchmark Shanghai Composite Index surged 8.1%, in part on news in state-run papers that the snow emergency in China was overblown....