Skip to: Content
Skip to: Site Navigation
Skip to: Search
THURSDAY, NOVEMBER 26, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


 MARKETS 
0

Stocks Dip as Fed Meets

Fed inaction spurs recovery from bad economic news

Share

(Newser) – The markets seesawed throughout today's session, closing down slightly as a minor rally in financials offset bad economic news and warnings of a poor quarter for UPS, MarketWatch reports. The Dow fell 34.93 to 11,807.43, Nasdaq dropped 17.46 to 2,368.28, and the S&P 500 lost 3.71 to finish at 1,314.29.

As the Fed began its 2-day meeting, the Conference Board announced that consumer confidence plummeted to a 16-year low this month. Despite that and the biggest tumble in home prices in 8 years, most key financials eked out gains on the expectation that the Fed will not hike interest rates. Volume was light, with NYSE decliners outpacing advancing stocks 2 to 1.

Stock trader John Law, with Bank of America, watches his screens at the New York Stock Exchange on Tuesday, June 24, 2008 in New York.
Stock trader John Law, with Bank of America, watches his screens at the New York Stock Exchange on Tuesday, June 24, 2008 in New York.   (AP Photo/Mark Lennihan)
Traders work at the New York Stock Exchange on Friday, June 6, 2008 in New York.
Traders work at the New York Stock Exchange on Friday, June 6, 2008 in New York.   (AP Photo/Jin Lee)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.24.09
Murdoch and Microsoft: The Mice Are Trying to Roar
11.23.09
Books Are Bad for You
0 comments
VIEWING:
 
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

407 Stories

MARKETS

 Up 133, Dow Hits New '09 High

Data on home resales spur rally

Nov 23, 09 3:18 PM CST
(Newser) - Stocks rallied today on news that home resales jumped 10.1% in October and comments from the president of the St. Louis Fed reaffirming the government's extended commitment to support the credit markets, the Wall Street Journal reports.
  • The Dow jumped 132.79 points to close at 10,450.
... More »

MORE ABOUT:
Federal Reserve • Dow Jones • home sales • Nasdaq • existing home sales • S&P 500 • existing-home sales

MARKETS

 Dow Up 137; 
 Fed News Sparks Rally 

Bernanke predicts US GDP growth in 2010

Nov 16, 09 3:12 PM CST
(Newser) - Stocks rallied today on news of strong third-quarter economic growth in Japan and reassurance from Ben Bernanke that the Fed will keep interest rates low, the Wall Street Journal reports.
  • The Dow rose 136.49 points to close at 10,406,96.
  • The Nasdaq gained 29.97, settling
... More »

MORE ABOUT:
Ben Bernanke • Japan • Federal Reserve • Dow Jones • Nasdaq • S&P 500 • Japanese economy • interest rates

MARKETS

 Dow Jumps 204 to 52-Week High

Easy money, robust earnings prove a winning combination

Nov 9, 09 3:15 PM CST
(Newser) - Stocks rallied today as traders positioned themselves to profit off the next series of gains, spurred by the Fed's continuation of loose monetary policy and strong corporate earnings.
  • The Dow rose 203.52 points to close at 10,276.94.
  • The Nasdaq gained 41.62, settling at 2,
... More »

MORE ABOUT:
stock market • Dow Jones • Nasdaq • S&P 500

407 Stories


Wachovia seeks help from Goldman Sachs
BusinessWeek

Fed expected to leave key rate at 2%
USA Today

UPS, FedEx issue profit warnings
TheStreet


Business 
TwitterFollow @NewserBusiness on Twitter

 
stock market • NASDAQ • Federal Reserve • consumer confidence • Marketwatch • S&P 500 • financial stocks • United Parcel Service Inc.

from our news partners