Worries Keep Stocks Mixed

(NEWSER) - The market was level today as financials awaited notice of which companies would be allowed to pay back TARP funds, the Wall Street Journal reports. The good news contrasted with a drop-off in commodities and a poor performance by Apple, which announced new iPhones, laptops, and operating systems. The Dow added 1.44 to 8,764.57. The S&P sank 0.96 to 939.13. And the Nasdaq lost 7.02 to end at 1,842.40. More»

Poor housing, durable goods goods data don't deter market's optimism

(NEWSER) - Stocks rallied this afternoon on news that lawmakers had reached a consensus on the Wall Street bailout plan, MarketWatch reports. Optimism proved infectious as GE rose 6.26% despite cutting an earnings estimate earlier today. The Dow climbed 196.89 points to 11,022.06. The Nasdaq gained 30.89 points, settling at 2,186.57, while the S&P 500 rose 23.31 points to close at 1,209.18. More»

Expectations for Caterpillar, AmEx earnings boost Dow

(NEWSER) - Stocks rallied today on expectations for this week’s earnings reports, with the Dow rising 96.28 points to hit a new 2009 high of 10,092.19. Caterpillar, which reports tomorrow, gained 6.5% after saying it would raise prices. American Express, which reports Thursday, gained 2.6%. Traders were cautiously optimistic about Apple, which reported better-than-projected results after the bell: its stock rose 1%. The Nasdaq gained 19.52 to close at 2,176.32, and the S&P 500 added 10.23 to close at 1,097.91, the Wall Street Journal reports. More»

Market extends winning streak into 7th day

(NEWSER) - Stocks closed with modest gains today as the tech and financial sectors, drivers of the recent rally, lost some steam, the Wall Street Journal reports. Nonetheless, the Dow was boosted by a 7.7% rise by Caterpillar, which reported a smaller-than-expected profit decline and raised its full-year earnings forecast. Apple and Yahoo both fell about 1% on pessimism on their quarterly earnings, which are due after today’s close. The Dow closed up 68 points at 8,916. The Nasdaq rose 7 points to close at 1,916, and the S&P 500 gained 3 points, closing at 955. More»

(NEWSER) - Stocks barely moved at today's open as traders awaited details on which banks would get approval to repay TARP funds, the Wall Street Journal reports. The Dow climbed less than 20 points; Procter & Gamble fell 1.4% after announcing its succession plans. The Nasdaq rose 0.6% and the S&P added 0.3%, with a 1% boost in its energy sector. Texas Instruments was up 6% after increasing its forecast, and Treasury note yields fell. More»