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

Dow Up 485 in Recovery Rally

But indices see big losses for September

Share

(Newser) – Stocks surged toward the end of today’s session to recover much of yesterday’s losses, but still finished September down, the Wall Street Journal reports. The markets rallied on confidence that lawmakers would reach agreement on a bailout plan by week’s end, with the Dow up 485.21 at 10,850.66. The Nasdaq climbed 98.60 to 2,082.33, and the S&P 500 gained 58.35 to close at 1,164.74.

Investors ignored poor reports on home prices and regional manufacturing as they stepped in to claim bargains—beleaguered WaMu gained nearly 150%. With a decent probability of a bailout passing, “the risk of being on the sidelines when it goes through is probably as bad as anything you face on the downside at this point," explained one strategist.

  • For the month, the Dow was off 6%, the Nasdaq lost 12%, and S&P 500 fell 9

Traders work on the New York Stock Exchange floor today. Wall Street has ended sharply higher as investors bet that lawmakers will salvage a $700 billion rescue plan for the financial sector.
Traders work on the New York Stock Exchange floor today. Wall Street has ended sharply higher as investors bet that lawmakers will salvage a $700 billion rescue plan for the financial sector.   (AP Photo)
Trraders Anthony Alvarino, left, Ed Curran, third left, and Steve Schnibbe, right, share a laugh on the New York Stock Exchange floor today.
Trraders Anthony Alvarino, left, Ed Curran, third left, and Steve Schnibbe, right, share a laugh on the New York Stock Exchange floor today.   (AP Photo)
Trader Ronald Madarasz, center, works on the floor of the New York Stock Exchange today.
Trader Ronald Madarasz, center, works on the floor of the New York Stock Exchange today.   (AP Photo)
« 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

1074 Stories

MARKETS

 Dow Up 31 on Jobs, Income 

Weekly jobless claims hit 14-month low

Nov 25, 09 3:08 PM CST
(Newser) - Stocks saw solid gains as positive data on personal income and jobless claims raised hopes for a solid post-Thanksgiving shopping season, the Wall Street Journal reports.
  • The Dow rose 31 points, closing at 10,464.
  • The Nasdaq gained 7 points, settling at 2,176.
  • The S&P
... More »

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

MARKETS

 Dow Drops 17 Points  

Home prices rise but fail to meet expectations

Nov 24, 09 3:17 PM CST
(Newser) - Stocks almost managed to recover from steep losses suffered early in the day but ended in the red. Among the factors: China signaled it's ready to tighten credit, and September home prices rose but less than expected, the Wall Street Journal reports.
  • The Dow closed down 17 points at
... More »

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

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

1074 Stories


Congress continues to consider the bailout
Forbes

Stocks will fall further, Dow theory predicts
Bloomberg


Business 
TwitterFollow @NewserBusiness on Twitter

 
Congress • Dow Jones • rally • Nasdaq • WaMu • S&P 500 • bailout • financial crisis

from our news partners