October 8, 2008 5:55:33 AM CDT
(Newser) – Stocks posted moderate gains today as oil futures dropped below $135 per barrel on news of China's move to raise prices by trimming subsidies, MarketWatch reports. With traders little moved by warnings of further writedowns ahead for Citigroup, the Dow closed up 34.03, at 12,063.09. The Nasdaq gained 32.36, closing at 2,462.07, and the S&P 500 rose 5.02 to settle at 1,342.83.
"What you have today is a very mixed market; it's not sending any clear signals," one analyst said. "On balance, the news is positive. But, there is still an extremely high level of uncertainty about the key question: Will there be a recovery in the economy and earnings in the second half?"
Sources: MarketWatch, Wall Street Journal, Bloomberg
Sep 24, 08 3:25 PM CDT Stocks swung between gains and losses today as the proposed financial bailout continued to dominate conversation but remained unsettled. The technology-rich Nasdaq was more insulated from the swings, and closed up 2.35 at 2,155.68. The Dow lost 29.00 to close at 10,825.17, while the S&P 500 shed 2.35, settling at 1,185.87, the Wall Street Journal reports. More »
Sep 19, 08 3:44 PM CDT Stocks continued to rally today, gaining enough on news of the government’s plan to form a debt relief agency for financial firms that the week's last two sessions saw the markets almost overcome the week’s earlier losses, MarketWatch reports. The Dow gained 368.75 to close at 11,388.44, the Nasdaq rose 74.80 to 2,273.90, and the S&P 500 climbed 48.57 to 1,255.08. More »
Sep 17, 08 3:41 PM CDT Stocks plummeted again today as insecurity about the financial system gripped the markets, the Wall Street Journal reports. The AIG bailout proved to be of little comfort to traders, who quickly began betting on the next big firm to fall. The Dow closed down 449.36 points to 10,609.66. The Nasdaq fell 109.05, closing at 2,098.85, and the S&P 500 lost 57.21 points, settling at 1,156.39. More »
Aug 18, 08 3:26 PM CDT The markets took a tumble today as familiar fears about a government bailout of Fannie Mae and Freddie Mac returned to the fore, MarketWatch reports. Led by its financial components, the Dow fell 180.02 to close at 11,479.88. The Nasdaq shed 35.54, settling at 2,416.98, while the S&P 500 dropped 19.54 to close at 1,278.66. More »
Aug 13, 08 3:30 PM CDT The markets saw losses today as anxiety about financial firms persisted and oil rose nearly $3 to $116 a barrel, MarketWatch reports. The Dow was hit especially hard, falling 109.51 points to 11,532.96. The other indices made afternoon gains but fell back, with the Nasdaq closing down 1.99 points at 2,428.62, and the S&P off 3.76 points at 1,285.83. More »
Dow Jones • credit crisis • S&P 500 • Nasdaq • oil price • Citigroup • Bear Stearns • financial markets
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