Stocks Dive on Poor Profits

Debt problems send stocks tumbling in short session

(NEWSER) - Stocks braced for a short but ugly Thanksgiving hangover, thanks to news of big debt problems in Dubai. The Dow tumbled 222 points at the open, while the S&P fell 25 and the Nadaq 57, reports the Wall Street Journal . While US traders were enjoying their turkey yesterday, global markets tumbled on news that Dubai World had asked its creditors for a six-month extension. More»

(NEWSER) - Stocks got a modest boost at the open, as better-than-expected earnings battled with stress test anxiety. The Dow rose 51 points, while the S&P and Nasdaq added 0.6% and 0.4% respectively, the Wall Street Journal reports. Ford skyrocketed 19% after reporting a mere $1.4 billion—and more importantly burned through less cash. American Express and Microsoft also beat estimates; the Dow components were up 12% and 3.4% respectively. More»

(NEWSER) - Stocks barely budged at the open, after a good quarter from Apple and a lousy one from UPS. The Dow fluctuated between gains and losses, and was recently down 13 points. The S&P and Nasdaq were similarly flat. Apple rose 3% after beating expectations with a 15% earnings jump. Radio Shack and JetBlue also posted nice numbers. But other reports were less rosy: Dow component UPS saw its net income fall 56%. More»

(NEWSER) - Stocks headed lower at the open today, thanks to another round of dour corporate earnings. The Dow fell 44 points, while the S&P and Nasdaq dropped 0.9% and 0.8% respectively. Morgan Stanley tumbled more than 8%, after reporting a quarterly loss, and slashing its dividend. Wells Fargo, on the other hand, reported a 52% income jump, but its shares were still off 2%. In a bad sign for consumer credit, Capital One reported a loss, sending shares down 8%. More»

Dow drops, Best Buy disappoints, Detroit begs

(NEWSER) - Stocks headed south at the open today, as traders worried over a weak holiday season and the crashing auto industry. The Dow fell 166 points, while the S&P and Nasdaq shed 1.9% and 1.5% respectively. The latest sign of a retail apocalypse came from Best Buy, which slashed its 2009 outlook while warning of “rapid, seismic changes in consumer behavior.” Its shares fell 10%. More»