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


 MARKET OPEN 
0

Chinese Stimulus Lifts Dow

Index surges 150+ at open, following Asian lead

Share

(Newser) – Stocks jumped out of the gate today, thanks to a $586 billion stimulus package from Beijing. The Dow was up nearly 200 just after opening, the Wall Street Journal reports, and the S&P and Nasdaq climbed 1.8% and 1.2%, respectively. The moves followed rallies overseas, including a 7.3% boost for the Shanghai Composite and a 5.8% boost for the Nikkei.

Oil climbed $2.76 to $63.80 a barrel, while gold rose $16.40 to $750.60 an ounce. Among the stocks on the move, Circuit City plunged 55% pre-market after filing for bankruptcy, while AIG jumped 19% as the government announced plans to replace its old bailout of the insurer with a new $150 billion one.

Traders on the floor of the New York Stock Exchange watches President-elect Barack Obama's news conference Friday.
Traders on the floor of the New York Stock Exchange watches President-elect Barack Obama's news conference Friday.   (AP Photo)
Traders wait for General Motors earnings report on the floor of the New York Stock Exchange Friday.
Traders wait for General Motors earnings report on the floor of the New York Stock Exchange Friday.   (AP Photo)
Traders work on the floor of the New York Stock Exchange.
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
« 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

47 Stories

MARKET open

 Global Selloff 
 Rocks Dow 


Aug 17, 09 8:51 AM CDT
(Newser) - The Dow tumbled 175 points at the open today, following even bigger selloffs in overseas markets, the Wall Street Journal reports. The S&P and Nasdaq each fell 2.2%. Those drops followed a whopping 5.8% dive on China’s Shanghai Composite Index, a 3.1% drop for... More »

MORE ABOUT:
stock market • Dow Jones • Shanghai Composite Index • Nasdaq • Nikkei • S&P 500

MARKETS

 Dow Up 115 on Manufacturing 

Oil hits $71.2 a barrel, highest price in a month

Aug 3, 09 3:11 PM CDT
(Newser) - Stocks rallied today on signs of a turnaround for US manufacturing, the Wall Street Journal reports. Oil rose $2.13, to $71.27 per barrel, its highest price in a month, and banks HSBC and Barclays reported strong quarterly earnings. The Dow closed up 114.95 to settle at 9,... More »

MORE ABOUT:
stock market • Barclays • Dow Jones • Nasdaq • HSBC • S&P 500 • manufacturing index • oil prices • financial crisis

MARKETS

 Dow Up 96 Despite CIT Woes 

Rally extends into 4th day on Roubini comments, tech optimism

Jul 16, 09 3:16 PM CDT
(Newser) - Stocks gained today as the tech sector continued to inspire and economist Nouriel Roubini predicted a recovery in late 2009, the Wall Street Journal reports. Though the looming bankruptcy of CIT Group depressed stocks most of the day, financials were able to trim losses before the close. The Dow rose... More »

MORE ABOUT:
stock market • Dow Jones • recession • Nasdaq • tech sector • S&P 500 • financial crisis • Nouriel Roubini • CIT Group

47 Stories


Resource stocks on fire after China bailout
MarketWatch

Circuit City files for bankruptcy
Wall Street Journal

Why I believe in the Chinese miracle
The Motley Fool

Bush sneaks another $146.3 billion onto Obama's plate
Blogging Stocks


Business 
TwitterFollow @NewserBusiness on Twitter

 
China • stock market • Dow Jones • Shanghai Composite Index • global economy • Nikkei • AIG • Dow • commodities • economic stimulus package • Circuit City • S&P 500 • financial crisis

from our news partners