Stocks Follow Europe Down

(NEWSER) - Stocks limped higher at the open today, after a punishing Monday session that left the Dow below 7,000, its worst levels since April 1997. Today the Dow was up 80 points in early trading, the Wall Street Journal reports, while the S&P and Nasdaq added 1.6% and 1.5%, respectively. Financial stocks were modestly higher, with Citigroup up 11% and Bank of America up 4.7% More»

(NEWSER) - Stocks skyrocketed at today's open, spurred by reports that the Obama administration would likely form a “bad bank” to buy up illiquid assets. The Dow jumped 110 points, and the S&P and Nasdaq gained 1.9% and 1.8% respectively. Banking stocks led the way, with Citigroup leaping 20% and Bank of America 18%. Wells Fargo threw more fuel on the bulls’ fire, maintaining its dividend despite a $2.55 billion quarterly loss. More»

(NEWSER) - Markets rebounded this morning, as a new round of federal aid rained down on Bank of America and Citigroup, the Wall Street Journal reports. The Dow rose 112 points, while the S&P and Nasdaq added 1.5% and 1.3% respectively. Bank of America posted a $1.79 billion loss, while Citi lost a stunning $8.29 billion, but shares of the banks rose 2% and 6% respectively, on news that the government would guarantee losses on $400 billion worth of assets More»

(NEWSER) - Stocks plunged at the open, as banks sold shares to raise capital, and consumer and commodity stocks took a pounding, the Wall Street Journal reports. The Dow was down 140, the Nasdaq down 1.8% and the S&P off 2.1. Oil producers were hit hard as crude fell blow $58 a barrel, while Bank of America and Morgan Stanley led financials south, falling 3% and 2% respectively. More»

(NEWSER) - Swine flu fears, and negative reports about the banks left investors feeling ill this morning. The Dow fell 65 points, while Nasdaq fell 0.8% and the S&P 0.9%. Bank of America and Citigroup were headed south, down 7.5% and 6.2% respectively on reports that they’d need to raise capital following poor stress test showings. Airlines were also lower. Overseas, swine flu fears pushed the Nikkei down 2.7%. More»