Stocks Slip on Bailout Jitters

Numbers 'eye-poppingly bad'

(NEWSER) - Stocks took a beating this morning, after Alcoa announced deep job cuts on the heels of a dismal job report. The Dow tumbled 134 points, while the Nasdaq and S&P lost 1.7% and 1.6% respectively. The biggest news was an ADP/Macroeconomic Advisors report that said the private sector had lost nearly 700,000 jobs in December. At the same time, Alcoa announced it was cutting roughly 15,000 jobs. 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»

S&P 500, Nasdaq also rise

(NEWSER) - Markets are up, at least for now: The Dow was up more than 100 points at open, with the S&P 500 and Nasdaq following suit, up about 11 and 13 points, respectively, MarketWatch reports. An upbeat report on retail sales no doubt prodded stocks upward: July sales rose a seasonally adjusted 0.5%, their biggest gain in four months. Currently the Dow is hovering in the 11,200 range. More»

(NEWSER) - Stocks ran out of gas at the open today, as investors digested a grim jobs report. The Dow and S&P were essentially flat, the Wall Street Journal reports, while the Nasdaq inched higher, on strong earnings from Research in Motion. The BlackBerry maker posted a 26% gain in earnings and was rewarded with a more than 21% share jump. The Labor Department’s latest report showed unemployment at a 25-year-high. More»