stock market – News Stories About stock market - Page 161

Early Stock Dive Wipes
Out Fed-Rate Rally

Nov 1, 2007 10:54 AM CDT

Early Stock Dive Wipes Out Fed-Rate Rally

Dow tumbles by more than 250 points in early trading

(Newser) - Stock fell sharply at the opening today, wiping out yesterday's rally spurred by the Fed's rate cut. The Dow was down by over 250 points in early trading, spurred by several bits of bad news, including an Exxon earnings plunge and a Citigroup downgrade. But the Wall Street Journal speculates...

Google Shares Scoot Past $700

Nov 1, 2007 9:15 AM CDT

Google Shares Scoot Past $700

37% surge since Sept. 10 puts the company among the top 5 US firms

(Newser) - High investor expectations for Google's wireless and social networking businesses to equal its online advertising success pushed the search giant’s share price past $700 yesterday, reports the Wall Street Journal. Google’s stock has gained more than $100 since Oct. 8, and it is now one of the five...

Stocks Up on Fed's Rate Cut

Oct 31, 2007 3:46 PM CDT

Stocks Up on Fed's Rate Cut

Exxon and Microsoft also lift the markets

(Newser) - Stocks rose today on the heels of the Fed's quarter-point cut of a key interest rate and good news about the GDP. "The Fed may be done here," a Boston strategist told Bloomberg. "We don't need them anymore, and the market is taking consolation in that."...

Fed Doubts Drive Stocks Down

Oct 30, 2007 3:51 PM CDT

Fed Doubts Drive Stocks Down

Consumer confidence report, Procter & Gamble forecasts are drags on markets

(Newser) - Stocks closed down today as confidence that the Fed will cut interest rates tomorrow faded. The Journal reported that policymakers are considering no cut at all, meaning borrowing costs may stay high. The Dow slipped 77.79 to 13,792.47, the S&P 500 was down 9.96 to...

Exxon Gives Markets a Boost

Oct 29, 2007 3:47 PM CDT

Exxon Gives Markets a Boost

Hopes for Fed rate cut, O'Neal ouster buoy stocks

(Newser) - Stocks rose again today as Exxon Mobil rode record crude prices to its greatest gains in 3 weeks, Bloomberg reports. The Dow was up 63.56 to 13,870.26, the Nasdaq 13.25 to 2,817.44, and the S&P 500 5.70 to 1,540.98. Continuing...

Oil Prices Send Stocks Spilling

Oct 25, 2007 3:40 PM CDT

Oil Prices Send Stocks Spilling

Crude rose to $90.50 a barrel

(Newser) - Stocks headed downward again today, spurred by oil prices making a return to record territory. The price of crude hit $90.50 a barrel as traders reacted to yesterday's data predicting limited availability. "Oil is up—that doesn't help. And financials are getting hit," says one trader. The...

Stocks Recoup After Nasty Dive

Oct 24, 2007 3:46 PM CDT

Stocks Recoup After Nasty Dive

Merrill Lynch quarterly loss report wallops the market

(Newser) - Stocks did their best to battle back today after taking a hit from Merrill Lynch's dismal quarterly report, Bloomberg reports. Most of the losses were made up by the bell thanks to growing hopes of an October 31 rate cut from the Fed. The Nasdaq fell 24.5 to 2,...

Apple Numbers Lift Markets

Oct 23, 2007 3:38 PM CDT

Apple Numbers Lift Markets

Earnings punch through the crunch

(Newser) - Stocks closed up today, thanks partially to good news from Apple, which reported a 67% increase in quarterly profit after yesterday's close. Tech in general continued to bolster the markets despite broader economic worries. The Dow rose 109.26 to 13,676.23, the Nasdaq was up 45.33 to...

Dow Dives 367 on 'Black Friday'

Oct 19, 2007 3:49 PM CDT

Dow Dives 367 on 'Black Friday'

(Newser) - Wall Street observed the 20th anniversary of Black Monday with an absolute bloodbath today as the Dow fell a whopping 366.94 points to close at 13,522.02. Wachovia, Caterpillar, and Honeywell led a host of disappointing earnings reports, driving every major index down over 2.5%. The S&...

Yahoo's Earnings
Top Expectations

Oct 17, 2007 6:01 AM CDT

Yahoo's Earnings Top Expectations

May indicate new CEO has stopped company's slide

(Newser) - Yahoo reported better-than-expected sales and profits for the third quarter yesterday, pushing its stock up 10% in after-hours trading—despite having fallen 4% during regular market hours. The company pulled in a net income of $151 million, or 11 cents a share, slightly behind earnings for this time last year,...

Can 1987's
Black Monday Happen Again?

Oct 16, 2007 7:49 PM CDT

Can 1987's Black Monday Happen Again?

Not likely, but credit crunch proves we can invent new screw-ups

(Newser) - Twenty years ago, Black Monday—now, the credit crunch. Haven’t we learned a thing? Yes and no, says MSNBC: Today, "circuit breakers" make a 1987-style sell-off unlikely by cutting off trading at certain limits. And new, tighter mortgage standards will keep credit under control. But greed and fear...

Stocks Slide for a Second Day

Oct 16, 2007 3:39 PM CDT

Stocks Slide for a Second Day

Bernanke speech, oil prices send markets down again

(Newser) - Stocks slid today for a second consecutive session following an ambiguous speech by Ben Bernanke and record-busting oil prices that topped $88. The Fed chairman offered a so-so assessment of the markets but no clues about rate cuts. The Dow fell 71.86 to 13,912.94, the S&P...

Stocks Dive on Citigroup News

Oct 15, 2007 3:40 PM CDT

Stocks Dive on Citigroup News

Only energy stocks advance, with oil briefly hitting $86 a barrel

(Newser) - Stocks fell more than they had in over a month today after Citigroup reported a 57% third-quarter loss. Of the S&P's 10 industry groups, only energy advanced, with oil closing at a record $86.13 a barrel. The Dow lost 108.28 to close at 13,984.80, the...

Living on the Edge in Connecticut

Oct 15, 2007 7:00 AM CDT

Living on the Edge in Connecticut

Will hedge-fund legend Victor Niederhoffer go broke again?

(Newser) - Victor Niederhoffer is many things: a champion squash player, a family man (six children from two wives and a mistress), a blogger, and a math prodigy. But mostly he is a trader. He amassed huge wealth working with George Soros in the 1980s, losing it all in 1997. He...

Tech, Retail Sales Spark Rally

Oct 12, 2007 3:50 PM CDT

Tech, Retail Sales Spark Rally

S&P has risen five straight weeks

(Newser) - Surging tech stocks and positive economic news that eased recession fears helped fuel the first market rally in three days today, with the S&P 500 capping its fifth straight week of gains to close at 1,561.80, up 7.39. The Dow added 77.96 to close at...

Tech Stocks Bring Market Down

Oct 11, 2007 4:03 PM CDT

Tech Stocks Bring Market Down

Afternoon fall erased earlier gains from Wal-Mart's rosy numbers

(Newser) - After flirting with record highs earlier in the day, the markets were brought down to Earth this afternoon by falling tech stocks. The likes of Google, Yahoo, and Apple retreated after JPMorgan cut its third-quarter forecast for Chinese search engine Baidu.com. The S&P 500 dropped 8.06 to...

Google Stock Passes $600
in Monthlong Surge

Oct 8, 2007 8:15 PM CDT

Google Stock Passes $600 in Monthlong Surge

Shares reach new high ahead of third-quarter report

(Newser) - Google's stocks have shot past $600 for the first time, kindling investor hopes as the cyber giant eyes a possible buy of ad distributor DoubleClick. CNN Money reports that stocks peaked at $610.26 in New York today and closed at $609.92, a 2.6% gain. The rise extended...

Economy Slows, Stocks Surge: What Gives?

Oct 6, 2007 6:54 PM CDT

Economy Slows, Stocks Surge: What Gives?

'Teflon investors' are relying on the good news

(Newser) - Stocks are surging while classic indicators are signaling slump — so what gives? The answer, reports the Washington Post, lies in a bright jobs report and spiking Standard & Poor's 500-stock index. Backers are dissing the bad news as fast as they can finance, says the Post: "Call them...

Yahoo Worth More in Pieces, Analyst Says

Oct 5, 2007 4:14 PM CDT

Yahoo Worth More in Pieces, Analyst Says

Company should break up and market individual services

(Newser) - According to analyst Jeffrey Lindsay, Yahoo Inc. would be worth far more if it broke up its different services into individual businesses or at least went in for a radical overhaul. Shares that rose 2.4% yesterday to $27.80 could sell for as much as $39, according to Lindsay,...

China to Bar Foreigners
From Owning Brokerages

Oct 3, 2007 10:59 AM CDT

China to Bar Foreigners From Owning Brokerages

Western banks will have to settle for 20%

(Newser) - China's stock markets are booming, with 47 million new trading accounts opening this year, but foreign banks eager to cash in on the expansion will be frustrated: Beijing is about to introduce new rules prohibiting foreign investors from acquiring more than 20% of any Chinese brokerage, Bloomberg writes.