stock market – News Stories About stock market - Page 164

Aug 10, 2007 9:36 AM CDT

US Stocks Plunge at Open

Three-digit Dow drop reflects uncertainty infecting global market

(Newser) - Uncertainty ruled Wall Street and the global markets today, with the Dow skidding over 100 points at the open 1 day after the second-largest decline of the year. Central banks around the world acted to stem the unrest that continues to accompany the widening subprime mortgage crisis, but big-picture machinations...

Techs Surge Despite Late Drop

Aug 8, 2007 4:46 PM CDT

Techs Surge Despite Late Drop

Nasdaq up more than 2%

(Newser) - The major indexes were up again today, buoyed by the tech sector as the Nasdaq gained 51.38—more than 2%—to close at 2612.98. Losses just before the bell came close to erasing earlier gains, as rumors amplified that Goldman Sachs would liquidate a major fund and that...

Exit Scrambles Fidelity Succession Picture

Aug 8, 2007 10:33 AM CDT

Exit Scrambles Fidelity Succession Picture

Mutual-fund giant loses possible heir apparent

(Newser) - A top Fidelity Investments exec has resigned her post, reigniting speculation about the closely held firm's line of succession, reports the Wall Street Journal. Ellyn McColgan, 53, who was president of a division of the largest American mutual-fund company, was seen as a front-runner in the race to succeed 77-year-old...

Market Rallies After Fed Rollercoaster

Aug 7, 2007 4:32 PM CDT

Market Rallies After Fed Rollercoaster

Stocks gain on body's 'moderate' growth expectations

(Newser) - Stocks were up across the board today after the Fed expressed confidence that “moderate” expansion would continue, countering fears that the subprime fiasco will bleed further into the broader market. The Dow was down more than 100 points immediately after the decision as traders scrambled to decode it, but...

Dow Sees Biggest Gain in 5 Years Before Fed Meeting

Aug 6, 2007 3:58 PM CDT

Dow Sees Biggest Gain in 5 Years Before Fed Meeting

Markets break out of three-week slump

(Newser) - US stocks posted major gains after three straight weeks in the red, as blue chips advanced cautiously in the wake of last week's selloff. The Dow was up 286.87 to 13468.78, its best close since October, 2002, mainly following long-suffering financial companies. Merrill Lynch got a boost from...

Stocks Plunge as Credit Outlook Worsens

Aug 3, 2007 3:44 PM CDT

Stocks Plunge as Credit Outlook Worsens

Bear Stearns downgrade stirs more trouble as Dow loses 2%

(Newser) - After two straight days of gains and a steady morning the Dow plummeted in a selloff late this afternoon, losing 2% of its value to close at 13179.71, down 283.62. Bear Stearns lost big after Standard and Poors downgraded the subprime-laden i-bank from "stable" to "negative,...

Stocks Surge as Jitters Remain

Aug 2, 2007 4:36 PM CDT

Stocks Surge as Jitters Remain

(Newser) - The Dow was up 100.96 today—mostly in late trading—closing at 13,463.33 after Asian markets made a partial recovery from its recent hemorrhage and some rare good news emerged from the housing market. Retail and tech winners beat losers; Nokia, Motorola, CVS, and Hewett-Packard all put...

Markets Ignore Upbeat News, Head Down

Jul 31, 2007 3:54 PM CDT

Markets Ignore Upbeat News, Head Down

Oil hits new record at $78; all major indexes down more than 1%

(Newser) - The Dow started was up triple digits in early trading today before plunging to close down 146.32 points at 13211.59. A report of improved consumer confidence and better-than-expected inflation data distracted traders from the ongoing credit earthquake and its tremors in the housing market, but the reentry of...

Dow Shocks with 92 Point Gain

Jul 30, 2007 3:44 PM CDT

Dow Shocks with 92 Point Gain

But credit worries still lurking

(Newser) - The Dow rebuffed Wall St.'s bearish ambiance today, picking up 92.84 points to close at 13,358.31. One analyst says the weekend calmed jitters that led to a 500 point bloodletting at the end of last week, and a day without any major economic shakeups or earnings...

Wall Street Jittery After Drop

Jul 30, 2007 4:47 AM CDT

Wall Street Jittery After Drop

Markets jittery after stock drop

(Newser) - Wall Street has a case of nerves. After last week's market drop, the worst in five years, investors shouldn't expect any more "Merger Mondays" for some time to come, the New York Times predicts. Instead opening the week with big new deals, to send the market to new highs,...

Asian Stocks Take a Dive

Jul 27, 2007 7:52 AM CDT

Asian Stocks Take a Dive

Prices plunge in response to US subprime mortgage crisis

(Newser) - Share prices plummeted throughout Asia today in response to the yesterday's sell-off on Wall Street and the escalating crisis in the US housing market. After the 300-point plunge in the U.S., the Tokyo Market closed at a three-month-low, and markets in Seoul, Hong Kong, and Sydney also took serious...

Amazon Stock Soars on Booming Sales

Jul 25, 2007 4:50 AM CDT

Amazon Stock Soars on Booming Sales

Shares jump 21.4% as retailer boosts volume worldwide

(Newser) - Amazon.com shares shot up 21.4% in after-hours trading yesterday following a report that profits more than tripled in the second quarter thanks to booming sales and a new membership program that offers express shipping for a flat fee, reports the Wall Street Journal. The bump boosted the stock...

Merck News Gives Markets Shot in the Arm

Jul 23, 2007 4:24 PM CDT

Merck News Gives Markets Shot in the Arm

Dow rises 92.34 on component's earnings, big oil merger

(Newser) - Stocks rallied across the board today, after a number of major buyouts and earnings reports diverted traders' attentions from the foundering subprime market and an enervated dollar once again. The Dow was up 2.34 to 13943.42 after drug-maker Merck, a major component of the index, reported its best...

Stocks Drop on Fed Chief's Mixed Report

Jul 18, 2007 3:52 PM CDT

Stocks Drop on Fed Chief's Mixed Report

Tech earnings, Bear Stearns, Bernanke send Dow tumbling 53.33

(Newser) - US markets sank today after two Bear Stearns hedge funds were revealed to be worthless and the Fed Chairman expressed concerns about the stability of the economy. Testifying before the House, Ben Bernanke said he expects growth next year, but stressed that the sinking housing market continues to saddle the...

Retail Reports Catapult Markets

Jul 12, 2007 3:43 PM CDT

Retail Reports Catapult Markets

Dow's 283.86 point gain is biggest in 5 years; Rio Tinto buys Alcan

(Newser) - The Dow soared 283.86 points to 13861.73 today, its largest single-day rally since 2002 and another record close. Traders ignored ongoing bearish rumors from the subprime sector, focusing on better-than-expected June reports from a host of retailers including Wal-Mart, J.C. Penney and American Express.

Danone Swallows Up Numico

Jul 9, 2007 5:41 PM CDT

Danone Swallows Up Numico

Paris-based company spits up $16.8B for big-boy serving of baby food market

(Newser) - French food corp Groupe Danone put in a $16.8B cash offer to buy baby food magnate Royal Numico—at just under $75 a share, a 38% premium over last week's closing price. The acquisition will make Danone an industry leader in the baby food market and should be finalized...

iPhone Set For Awesome Profits

Jul 3, 2007 3:14 PM CDT

iPhone Set For Awesome Profits

Supercool new gadget sells for double manufacturing costs

(Newser) - The 8GB model of the must-have iPhone retails for $600, but the parts cost Apple only $265.83—a 55% profit margin that helps account for the company's $186.1 million gross during the gadget's opening weekend, Bloomberg reports. A research firm took apart an iPhone to break down the...

Deals Excite Nervous Markets

Jul 2, 2007 8:06 PM CDT

Deals Excite Nervous Markets

Dow up 126.81; private-equity boom not over yet; oil has highest close since August

(Newser) - The Dow rose 126.81 points to 13535.43 today, as several big deals assuaged traders worried the recent LBO spate is coming to an end. Chief among them, the Journal's Market Watch reports, was a $32.6B buyout of BCE, Canada's largest telecom, by a consortium including two US...

Hong Kong Poised to Become Asia's Big Apple

Jun 30, 2007 7:12 PM CDT

Hong Kong Poised to Become Asia's Big Apple

Port city turning into financial capital

(Newser) - Hong Kong is in decline as Asia's premier shipping hub, but the dip in dockyard activity is nothing to fret over, Newsweek reports. The city is on the brink of becoming one of the world's financial capitals—on par with London and New York. Economic shifts are reconfiguring the political...

Mortgage Worries Drive Markets Down

Jun 22, 2007 4:45 PM CDT

Mortgage Worries Drive Markets Down

Exchanges sink on subprime woes; Blackstone jumps in debut

(Newser) - The major exchanges plummeted today, wrapping up a week of seesawing during which the Dow and the S&P 500 lost about 2% and the Nasdaq fell 1.4%. Even Bear Stearns' announcement that it will bail out a hedge fund entangled in subprime loans couldn't stop the bleeding. The...