Stocks Rally on GDP Revision

Two-day rally quashed, ending July on a sour note

(NEWSER) - Stocks fell today as worrying economic reports put an end to a 2-day rally, MarketWatch reports. Financials slipped, and energy stocks took a hit as Exxon’s record profit failed to meet analysts' expectations and crude prices continued to fall. The Dow dropped 204.69 to 11,379.00. The Nasdaq, relatively insulated from financials and energy, fell only 4.17 to 2,325.55, while the S&P 500 tumbled 16.86 to close at 1,267.40. More»

Dow posts modest gain on mixed news

(NEWSER) - Stocks rose, fell, and rose again as mixed economic news pulled the market in opposite directions today, the Wall Street Journal reports. The Dow ended up 45.68, at 12,594.03. The Nasdaq climbed 5.46 to 2,486.70, and the S&P 500 rose 5.49 to 1,390.84. More»

GDP grows 5.9% in last quarter of 2009

(NEWSER) - Stocks closed out February by nudging into positive territory as investors weighed the news that GDP grew by 5.9% last quarter but existing-home sales plunged, the Wall Street Journal reports.

• The Dow gained 4.23 points to close at 10,325.26.
• The Nasdaq added 4.04, settling at 2,238.26.
• The S&P 500 rose 1.56 to settle at 1,104.49.

China moves to tighten lending; tech proves resilient

(NEWSER) - Stocks closed mixed today as China's move to restrict lending and a low reading of EU GDP stoked worries about global economic health, the Wall Street Journal reports.

• The Dow dropped 45.05 points to close at 10,099.14.
• The Nasdaq gained 6.12, closing at 2,183.53.
• The S&P 500 fell 32.96 to settle at 1,075.51.

Microsoft falls 4.5% despite strong profits

(NEWSER) - Stocks saw losses today as investors proved unmoved by the striking 5.7% jump in GDP for the second quarter. Microsoft led a broad decline in tech stocks despite reporting strong growth in quarterly profits, the Wall Street Journal reports.

• The Dow fell 53.13 points to close at 10,067.33.
• The Nasdaq lost 31.65, closing at 2,147.35.
• The S&P 500 dropped 10.66 to settle at 1,073.87.