Deals Excite Nervous Markets

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• It Hasn't Been This Bad Since 1937

  Oct 8, 08 8:29 AM CDT
  With investors unconvinced the government’s $700 billion bailout or the Fed’s new plan to buy commercial paper will thaw frozen credit markets, markets remained trapped in “a downward spiral of fear,” reports BusinessWeek. The Dow’s 29% loss this year is its worst since 1937’s 32.8% drop. But it still has a ways to fall before it outdoes the market’s worst year ever: 1931 when the Dow plunged 52.7%.
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• Stocks Creep Higher at Open

  Oct 7, 08 9:02 AM CDT
  Stocks rose at the opening bell today, buoyed by the Fed’s dramatic promise to intervene in the commercial paper market. The Dow rose 79 points at the open, as the Nasdaq and S&P rose 1.1% and 0.8% respectively, the Wall Street Journal reports. Investors also believe the Fed, ECB, and BoE may join forces for a coordinated, international rate cut. More »

• Street Shrugs Off Bailout OK

  Oct 3, 08 3:35 PM CDT
  Investors were feeling finicky today, pushing stocks higher by 300 points after the House approved the revised $700 billion bailout, then reversing the gains and moving the major indices to sharp weekly losses, MarketWatch says. The Dow dropped 157.15 to 10,325.70. The Nasdaq lost 29.33, finishing at 1,947.39, and the S&P fared no better, losing 15.05 to 1,099.23. More »

• Stocks Jump at Bell on Central Bank Cash

  Sep 18, 08 9:05 AM CDT
  Stocks surged at the opening bell this morning, as traders registered approval of the central banks’ move to inject $360 billion into global money markets. The Dow jumped 118 points, while the S&P and Nasdaq rose 1.6% and 2% respectively. “These joint interventions are welcomed by the market, showing the Fed is trying to solve the logjam,” said one economist. More »

• Fluctuating Markets Close Up

  Sep 16, 08 3:17 PM CDT
  As AIG's future became somewhat clearer, the wildly fluctuating markets settled into positive territory at the end of today's session. Rumors that the Fed will bail out the mega-insurer helped nearly erase a 74% decline, Bloomberg reports. The Dow closed up 141.51 at 11,059.02, the Nasdaq gained 22.45 to 2,202.36, and the S&P 500 rose 20.86 to 1,213.56.
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