stock market – News Stories About stock market - Page 160

MARKETS

Dec 5, 2007 3:32 PM CST

Good News Rallies Markets

Sunny economic stats and hope for a rate cut give stocks a boost

(Newser) - Stocks took off today in response to cheerful economic data and rising hopes for a Dec. 11 rate cut from the Fed. Government reports showed an increase in productivity and an unexpected jump in hiring, the Wall Street Journal reports. The Dow was up 196.23 to 13,444.96,...

Stocks Fall on Credit Worries

MARKETS

Dec 4, 2007 3:39 PM CST

Stocks Fall on Credit Worries

JPMorgan says earnings will drop at big brokerages

(Newser) - Stocks fell again today after JPMorgan Chase predicted that profits would drop at big brokerages. Meanwhile, lower oil prices lowered earning prospects for energy companies, reports Bloomberg. "Until credit loosens up, you can't get a solid footing in the market," says a manager. The Dow was down 65....

Computers Thin Ranks of NYSE Floor Traders

Dec 3, 2007 9:38 AM CST

Computers Thin Ranks of NYSE Floor Traders

Iconic backdrop 'dead' as shares trade electronically

(Newser) - The famously frenetic NYSE trading floor is rapidly becoming history as more efficient computer trading replaces human traders. With most of the exchange's trading rooms shuttered, only two trading halls stay open to the 1,500 remaining traders, whose numbers are dwindling, AFP reports. "The floor as we knew...

After Rallies, Stocks Flatten Out

MARKETS

Nov 29, 2007 3:41 PM CST

After Rallies, Stocks Flatten Out

Stocks come back from early dip, then drift into, out of the red

(Newser) - Markets waffled for most of today's session and ended slightly up, after a big dip in the morning. "We've had an awful lot of upside, and [stocks] are entitled to some rest," one strategist tells the Wall Street Journal. The Dow was up 22.28 to 13311.73,...

Dow Jumps 331 on Fed Hopes

MARKETS

Nov 28, 2007 3:40 PM CST

Dow Jumps 331 on Fed Hopes

Stronger dollar and respite from bad news on financials keeps market bouncing

(Newser) - Stocks were way up today—the Dow by over 300 points—buoyed by hopes for a Fed interest-rate cut, good news from beleaguered financials, and a stronger dollar. Remarks by Vice Chairman Donald Kohn led investors to believe the Fed is still considering a cut, the Wall Street Journal reports....

Credit Woes Wipe Out Bounce

MARKETS

Nov 26, 2007 3:44 PM CST

Credit Woes Wipe Out Bounce

Black Friday upswing crushed by the financial sector

(Newser) - Credit worries wiped out the market's bounce from Black Friday today as the Dow plunged well over 200 points. The financial sector led the dive. "Until the financials bounce back the market's not going to be in a great place," one trader tells the Wall Street Journal. The...

Retail Leads Black Friday Rally

MARKETS

Nov 23, 2007 2:34 PM CST

Retail Leads Black Friday Rally

Wal-Mart, Target, JC Penney all gain; Citigroup rebounds

(Newser) - Stocks rose in an abbreviated session today, cutting losses for the week as early-bird Christmas shopping gave reason for optimism. "The fact that Black Friday is not a disaster and is off to a modest but healthy start is just a relief,'' one analyst told Bloomberg. The Dow...

Investor Worries Sink Stocks

MARKETS

Nov 21, 2007 3:47 PM CST

Investor Worries Sink Stocks

The Dow drops by 2,100 points

(Newser) - Worries over the credit market's effect on the broader economy resurfaced in a big way today as stocks sank, swamped by yesterday's newly glum growth forecast from the Federal Reserve. Other economic data released today were similarly bleak. "The index of leading indicators was a pretty lousy number,"...

Stocks Take a Ride, End Up

MARKETS

Nov 20, 2007 3:50 PM CST

Stocks Take a Ride, End Up

Rally, dive, rally, wheeeee!

(Newser) - Stocks nosed up today after rallying, plunging, then rallying again. Freddie Mac and Fannie Mae reported big losses and pushed the markets downward, but stocks made up some lost ground with a good sales report from Hewlett Packard and a UBS upgrade for Exxon. The Dow was up 51.70...

Citigroup Leads Steep Nosedive

MARKETS

Nov 19, 2007 3:48 PM CST

Citigroup Leads Steep Nosedive

Downgraded stock kicked off the day badly, and the markets kept dropping

(Newser) - Stocks fell today—the Dow by more than 200 points—after a Goldman analyst downgraded Citigroup to "sell" in the morning, setting off a skid. The same analyst lowered target prices on Merrill Lynch, Morgan Stanley, and several other stocks, which fell by over 2%, the Journal reports. The...

Stocks Fall Second Straight Day

Nov 15, 2007 3:46 PM CST

Stocks Fall Second Straight Day

Wells Fargo, JC Penney are chief bearers of bad news

(Newser) - Stocks were down for a second consecutive session today on bad tidings from Wells Fargo, JC Penney, and Exxon Mobil. Mortgage giant Wells called the housing market the worst since the Depression; Exxon fell after a surprise decrease in oil prices. The Dow was down 120.96 to 13,110....

Stocks Teeter, Dive Before Bell

Nov 14, 2007 3:53 PM CST

Stocks Teeter, Dive Before Bell

Techs lead the plunge; oil prices jump again

(Newser) - Stocks wavered throughout today's session, finally falling well into the red before the bell. Despite relatively good news from the financial sector—including a hopeful outlook from Bear Stearns—surging oil prices and profit-taking in the tech sector brought the markets down. The Dow was off 83.16 to 13,...

Dow Climbs 320, Ending Skid

Nov 13, 2007 3:48 PM CST

Dow Climbs 320, Ending Skid

Could the worst of the credit crisis be over?

(Newser) - The Dow shot up by nearly 320 today, ending 4 days of declines as the markets bounced back in a rally led by financial stocks. A drop in oil prices helped, as did the announcement that Apple was planning to sell its iPhone in China, reports Bloomberg. The Dow surged...

Asian Stocks Plunge on
US Slowdown Worries

Nov 12, 2007 7:02 AM CST

Asian Stocks Plunge on US Slowdown Worries

(Newser) - Renewed anxiety over the US sub-prime crisis and Friday's Wall Street slump ignited a stock dump in Asian markets today, hammering the Japanese Topix index to a two-year low and sending the dollar’s value against the yen to its lowest point in 18 months. Hong Kong’s Hang Sang...

Visa Heads for Biggest IPO in US in Years

Nov 10, 2007 12:18 PM CST

Visa Heads for Biggest IPO in US in Years

Offering expected early next year could surpass $10B

(Newser) - Visa is moving ahead on a massive initial public stock offering expected early next year. Papers filed yesterday show that shares could be valued at $10 billion, which would make it the second-largest public offering in US history, the Wall Street Journal reports. The biggest is the $10.62 billion...

Techs Lead Stocks' Tumble

Nov 8, 2007 3:48 PM CST

Techs Lead Stocks' Tumble

Cisco report, Bernanke speech spook investors

(Newser) - Technology concerns led a second consecutive down session on Wall Street today. Stocks headed south as Cisco Systems reported slowing demand and Federal Reserve chief Ben Bernanke told Congress the economy will "slow noticeably" in the fourth quarter, and continue to be hobbled by the housing crisis into the...

Dow Off 360 on Credit Worries

Nov 7, 2007 3:45 PM CST

Dow Off 360 on Credit Worries

Weak dollar, pricey oil have markets reversing gains

(Newser) - Stocks plummeted again today as investors remembered just how scary the credit crunch is. Financials led the fall, and the Dow was down 360. "Negative news that was overlooked and ignored yesterday" was back today, one manager told the Wall Street Journal. The Dow finished off 360.92 to...

Oil, Gold Lift Markets

Nov 6, 2007 3:37 PM CST

Oil, Gold Lift Markets

Record highs fuel late rally

(Newser) - Stocks closed up today, buoyed by surging oil and gold prices. Oil hit $97 a barrel, and gold is at a 27-year high, Bloomberg reports. Energy and metals producers, including Exxon Mobil and Newmont Mining—the world's second-largest gold-mining company—led the rally. The Dow was up 117.54 to...

Citigroup Drags Stocks Down

Nov 5, 2007 3:43 PM CST

Citigroup Drags Stocks Down

Banking giant reports $11B in additional losses

(Newser) - Stocks closed down today after Citigroup announced $11 billion more in mortgage-related writedowns, reports Bloomberg. Early heavy losses reversed later in the session as investors calmed down, reports CNNMoney, but none of the major indexes moved into positive territory. The Dow was down 51.7 to 13,543.4, the...

Stocks Plummet; Dow Off 362

Nov 1, 2007 3:49 PM CDT

Stocks Plummet; Dow Off 362

Rate-cut concerns, and plain old bad news, hit Wall Street hard

(Newser) - Stocks turned sharply downward today—including a 362-point plunge by the Dow—on concerns over yesterday's Fed rate cut and bad news from Exxon Mobil and Citigroup. The cut led to "nervousness that there's another shoe to drop," a analyst told the Wall Street Journal. The Dow was...