Skip to: Content
Skip to: Site Navigation
Skip to: Search
MONDAY, NOVEMBER 23, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


 MARKETS 
0

Stocks Break 2-Day Slump

Rising dollar, falling oil contribute as well

Share

(Newser) – Stocks posted solid gains today for the first time in three days as financials rebounded, the dollar gained, and oil fell nearly $1, MarketWatch reports. The Dow rose 82.97 points to close at 11,615.89, the Nasdaq gained 25.05 to 2,453.67, and the S&P 500 climbed 7.10 to 1,292.93.

Dow components Bank of America, JP Morgan, and Citi, along with the S&P 500’s Wachovia and Washington Mutual, all saw gains. Expected losses from recent court settlements relating to the sale of auction-rate securities had battered the banks’ shares, but investors today seemed happy to take advantage of the bargain prices. The markets seemed to shrug off news of rising inflation.

Customers use an ATM outside a Wachovia branch bank in Charlotte, N.C., Friday, July 18, 2008.
Customers use an ATM outside a Wachovia branch bank in Charlotte, N.C., Friday, July 18, 2008.   (AP Photo/Chuck Burton)
Trader Brendan Mulligan works on the floor of the New York Stock Exchange in this undated file photo.
Trader Brendan Mulligan works on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
Traders gather on the floor of the New York Stock Exchange in this undated file photo.
Traders gather on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.23.09
Books Are Bad for You
11.20.09
The Health-Care Wars Have Just Begun
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

664 Stories

MARKETS

 Dow Dips 14; Energy, Tech Fall 

Dow gains 0.5% for the week, other indices fall

Nov 20, 09 3:10 PM CST
(Newser) - Energy stocks led declines on Wall Street today after Goldman Sachs downgraded coal firm Peabody Energy, and Dell reported a bigger-than-expected profit decline, the Wall Street Journal reports.
  • The Dow closed down 14.28 points at 10,318.16.
  • The Nasdaq lost 10.78, closing at 2,146.
... More »

MORE ABOUT:
Dell • Goldman Sachs • Dow Jones • Nasdaq • S&P 500 • Peabody Energy

MARKETS

 Dow Drops 94, Tech Stalls 

Jobless claims come in flat for the week

Nov 19, 09 3:24 PM CST
(Newser) - Stocks pulled up from their session lows but still suffered deep losses thanks to a downgrade in the semiconductor industry and an unchanged number of jobless claims, the Wall Street Journal reports.
  • The Dow dropped 94 points to close at 10,332.
  • The Nasdaq fell 36 points to
... More »

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

MARKETS

 Dow Down 12 on Housing 

Tech sector drags on indices after weak earnings

Nov 18, 09 3:12 PM CST
(Newser) - Stocks closed down following disappointing data on home construction and lackluster earnings from tech firms Salesforce.com and Autodesk, the Wall Street Journal reports.
  • The Dow lost 11 points to close at 10,426.
  • The Nasdaq fell 11 points, settling at 2,193.
  • The S&P 500
... More »

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

664 Stories


Dollar rises as EU economy contracts
Bloomberg

More info on the auction-rate securities mess
Wall Street Journal


Business 
TwitterFollow @NewserBusiness on Twitter

 
Bank of America • Dow Jones • Wachovia • core inflation • Nasdaq • S&P 500 • auction-rate securities • financial stocks

from our news partners

CinemaBlend.com