Stocks Sink as Morgan Misses

(NEWSER) - Stocks headed south this morning, following worse-than-expected housing and job data. Jobless claims rose by 62,000 last week, and housing starts slid 15.5%, to their slowest pace on record. The Dow sunk 144 points, accompanied by an 18-point decline in the S&P. A strong quarter from Apple initially lifted Nasdaq futures, but news that Microsoft is slashing 5,000 jobs sent the tech-heavy index down 45 points. More»

Investors see bad news everywhere in new data

(NEWSER) - Stocks dropped at the open today as a surprisingly good JPMorgan quarter struggled to offset other negative economic news, the Wall Street Journal reports. The Dow was off 108, despite Morgan's 4% surge, as Bank of America plummeted 15% after reports it would need more aid to close the Merrill Lynch deal. The Nasdaq was down 0.9%, the S&P 500 off 1.3%. More»

Dow off 50 in early trading; first reports due late today

(NEWSER) - Stocks moved lower at today’s open as traders held their collective breath ahead of what’s expected to be a dismal earning season, the Wall Street Journal reports. The Dow was down 50 points recently, to 8,548, while the S&P and Nasdaq dipped 0.95% and 0.78% respectively. All eyes are on Alcoa, which will begin earnings season by reporting after the bell today. More»

S&P 500, Nasdaq follow suit

(NEWSER) - No major relief for the markets today, at least not so far: The Dow was down about 100 points at open, resting below 10,900, according to MarketWatch . The S&P 500 and Nasdaq were also down, 7 points and 5 points, respectively. And the news from abroad isn't any cheerier ... More»

S&P, Nasdaq follow suit

(NEWSER) - The Dow plunged more than 300 points at the open today, and dropped almost 500 before retreating, as investors worried about Europe and the global economy. It's currently hovering just below 11,000, according to Marketwatch . The S&P 500 also dropped 48 points to 1,146, while the Nasdaq fell 115 points to 2,397. The Wall Street Journal notes that, in particular, Bank of America and HP shares tumbled. More»