Skip to: Content
Skip to: Site Navigation
Skip to: Search

May 16, 2008 5:54:49 AM CDT

Learn about Newser Points »

Back to the grid

Stocks Post Small Gains Again  

Posted Apr 3, 08 3:41 PM CDT in Business    Most Covered

(newser) – The markets finished with modest gains for the second consecutive session today. Investors, still digesting yesterday's testimony by Fed chief Ben Bernanke, shook off bad news on employment and got a lift from the tech sector. The Dow gained 20.20 points to finish at 12,626.03, the Nasdaq closed up 1.90 to 2,363.30, and the S&P 500 gained 1.78 to finish at 1,369.30.

"The market right now is really looking three to six months out," one analyst told the Wall Street Journal. Stocks slumped early on news that the number of jobless claims rose to a two-year high. But good news from Alcoa, Merill Lynch, and Micron Technology helped turn the day around. Another closely watched unemployment report is due tomorrow.

Source Wall Street Journal

open commentscomments (0)

Editor Recommended

Fed officials defend Bear bailout
Bloomberg | Apr 3, 08

Jobless claims hit two-year high
MarketWatch | Apr 3, 08

Related News

  • Stocks Rise on Deals, Lower Oil

    May 15, 08 3:24 PM CDT
    Stocks Rise on Deals, Lower Oil Stocks rose for the fourth consecutive day today as deal-making buzz from Internet firms and a Tiffany’s-led retail rally offset a rise in weekly jobless claims and contraction in New York- and Philadelphia-region manufacturing, MarketWatch reports. The Dow rose 94.28, closing at 12,992.66, while the S&P 500 climbed 14.91 to settle at 1,423.75. The Nasdaq gained 37.03, to 2,533.73. More »

  • Inflation News Boosts Stocks

    May 14, 08 3:38 PM CDT
    Inflation News Boosts Stocks Stocks were up today on consumer price data showing lower-than expected inflation and on declining oil prices. A Labor Department report showed the CPI rose only 0.2% in April, reports the Wall Street Journal. The Dow ended up 65.71 to 12,897.89, the Nasdaq rose 1.58 to 2,496.70, and the S&P rose 5.56 to 1,408.6. More »

  • Bad News Pummels Stocks

    May 9, 08 3:28 PM CDT
    Bad News Pummels Stocks Stocks performed poorly today, battered by another new oil high and bad news from AIG and Citigroup, Bloomberg reports. The Dow lost 120.90 to end at 12,745.88, with a weekly loss of 2.4%. The S&P 500 shed 9.50 to 1,388.28, while the Nasdaq dropped 5.72 to settle at 2,445.52. More »

  • Markets See Gains From Retail

    May 8, 08 3:23 PM CDT
    Markets See Gains From Retail The markets achieved solid gains today as better-than-expected sales from big-box discount retailers encouraged investors worried over oil prices still in record territory, the Wall Street Journal reports. The Dow gained 52.43 to close at 12,866.78, while the Nasdaq rose 12.75 to 2,451.24. The S&P 500 rose 5.11, settling at 1,397.68. More »

  • Stocks Sink as Crude Soars

    May 7, 08 3:44 PM CDT
    Stocks Sink as Crude Soars Stocks zoomed downward today as oil topped $123 a barrel, hastening a sell-off by anxious investors. "You can still get a lot of nervousness when they see these daily moves in crude, along with follow-through in the stock market," an analyst tells the Wall Street Journal. The Dow ended down 206.48 to 12,814.35, the Nasdaq 44.82 to 2,438.49, and the S&P 25.69 to 1,392.57. More »

Stocks Post Small Gains Again
Treasury Secretary Henry Paulson makes remarks at the second annual Capital Markets Summit, Wednesday, March 26, 2008, in Washington.   (AP Photo/Lawrence Jackson)
Stocks Post Small Gains Again
April Jarvis of Bear Wagner Specialists looks at a monitor from the floor of the New York Stock Exchange, Tuesday, April 1, 2008.   (AP Photo/Henny Ray Abrams)
Stocks Post Small Gains Again
A trader looks at an overhead monitor from the floor of the New York Stock Exchange, Tuesday, April 1, 2008.   (AP Photo/Henny Ray Abrams)
prev   next
play

Threads (1 of 2)

Tags

stock market  • S&P 500  • Nasdaq  • Dow Jones Industrial Average  • jobless claims


Loading...

Loading...

Related Threads: The Markets, The Dow

Next story from this section »

Today's Most Popular

Loading...

Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »