Stocks Stall on Earnings; Dow Climbs 6

September rally sees slight pullback

(NEWSER) - Stock indices finished mixed today after the markets reached what most traders saw as a slight pause in a very strong September, the Wall Street Journal reports. Financials led declines: AmEx fell 2.9%, while Bank of America lost 1.8%. Google rose 1.1% after Citigroup analysts boosted their third-quarter estimate. The Dow closed down 41.34 points at 9,778.86. The Nasdaq gained 5.18, closing at 2,138.04, while the S&P 500 lost 3.64, finishing at 1,064.66. More»

Big gains for major banks ahead of earnings reports

(NEWSER) - Stocks staged a broad rally today as financials soared ahead of earnings reports, the Wall Street Journal reports. Bank of America surged 9%, while Citigroup and JP Morgan Chase rose 6.9%. General Electric, which will also report its second-quarter earnings this week, rose 6.1%. The Dow closed up 185.16 at 8,331.68. The Nasdaq added 37.18 to 1,793.21, and the S&P 500 rose 21.92, settling at 901.05. More»

(NEWSER) - Better-than-expected earnings from GE and Citigroup barely produced a ripple in the broader market this morning, the Wall Street Journal reports. Stocks were mixed, with the Dow inching up 33 points, the Nasdaq slipping 6.42 points, and the S&P flat. Citi got a 9.5% boost off its surprise profit, while GE was up 2.4%. GM was up 5.2% after releasing more details on its restructuring. More»

(NEWSER) - Stocks made gains today, with the financial and tech sectors pacing advances, the Wall Street Journal reports. Google and Research in Motion both gained at least 4%, with Citigroup and US Bancorp posting similar rises. The S&P 500’s financial sector gained 6.57%, and the index overall rose 24.23 to close at 778.12. The Dow closed up 178.73 at 7,395.70, while the Nasdaq gained 58.09, to 1,462.11. More»

Nationalization talk spurs financial sell-off

(NEWSER) - Stocks lost value again today as talk of nationalizing top US banks spurred investors to sell financials, MarketWatch reports. The Obama administration tried to tamp down the nationalization chatter, but without success. Meanwhile, General Electric and General Motors fell 6% and 16%, respectively. The Dow lost 100.28 to close at 7,365.67. The Nasdaq closed down 1.59 at 1,441.23, and the S&P 500 lost 8.89 to settle at 770.05. More»