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

Stocks Climb on ADP Report

Share

(Newser) – Stocks headed north at the open today as a better-than-expected ADP report outweighed Bank of America's poor "stress test" grade, reports the Wall Street Journal. The Dow rose 64 points, while the Nasdaq and S&P added 9.26 and 8.97 points respectively. Bank of America rose 6% despite news that it needs to raise $34 billion in capital. The economy lost 491,000 jobs last month, according to the ADP report, but that easily beat the 650,000 economists expected.

Traders work on the floor of the New York Stock Exchange Monday, May 4, 2009.
Traders work on the floor of the New York Stock Exchange Monday, May 4, 2009.   (AP Photo/Richard Drew)
Traders visit the post that handles Bank of America on the floor of the New York Stock Exchange Monday, May 4, 2009.
Traders visit the post that handles Bank of America on the floor of the New York Stock Exchange Monday, May 4, 2009.   (AP Photo/Richard Drew)
A pair of traders get together on the floor of the New York Stock Exchange Monday, May 4, 2009.
A pair of traders get together on the floor of the New York Stock Exchange Monday, May 4, 2009.   (AP Photo/Richard Drew)
« 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

761 Stories

best plan is no plan



 Goldman to Insurers: 
 Health Reform Will Hurt 

Who knew Wall Street and teabaggers could agree?

Nov 13, 09 9:48 AM CST
(Newser) - Here's a reason for Goldman Sachs to be even more popular with the public: The investment bank has issued research on private health insurers advising that fighting off reform would best for their bottom line. Goldman takes as the “base” case passage of the bill that exited the Senate... More »

MORE ABOUT:
Congress • stock market • Wall Street • Goldman Sachs • profits • legislation • health care reform • market research

Markets

 Dow Rises 44 on Rates News 

Dallas Fed chief reiterates commitment to low interest rates

Nov 11, 09 3:15 PM CST
(Newser) - Stocks retreated from an earlier rally but closed with solid gains after the Dallas Fed president reaffirmed the central bank's commitment to keeping interest rates low. Meanwhile, home-builder Toll Brothers announced a surge in contracts for the third quarter, the Wall Street Journal reports.
  • The Dow gained 44 points
... More »

MORE ABOUT:
Bank of America • New York Stock Exchange • Intel • Dow Jones • Nasdaq • S&P 500

MARKETS

 Dow Jumps 204 to 52-Week High

Easy money, robust earnings prove a winning combination

Nov 9, 09 3:15 PM CST
(Newser) - Stocks rallied today as traders positioned themselves to profit off the next series of gains, spurred by the Fed's continuation of loose monetary policy and strong corporate earnings.
  • The Dow rose 203.52 points to close at 10,276.94.
  • The Nasdaq gained 41.62, settling at 2,
... More »

MORE ABOUT:
stock market • Dow Jones • Nasdaq • S&P 500

761 Stories


Business 
TwitterFollow @NewserBusiness on Twitter

 
stock market • Bank of America • Dow • ADP

from our news partners

CinemaBlend.com