Skip to: Content
Skip to: Site Navigation
Skip to: Search
THURSDAY, NOVEMBER 26, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


 MARKETS 
0

Dow Ends Big Week Up 13

Share

(Newser) – The markets stalled today even as the Dow flirted with its peak for the year, the Wall Street Journal reports. An early rally on better-than-expected job loss data lost steam on news that the unemployment rate itself grew to its highest since 1983. And insiders aren’t sure that oil and construction gains have legs. “It’s kind of a relief rally,” a CIO said. The Dow was up 12.89 to 8,763.13. The S&P shed 2.37 to 940.09. And the Nasdaq dipped 0.60 to end at 1,849.42.

  • For the week, the Dow was up 3.09%, the S&P gained 2.28%, and the Nasdaq tacked on 4.23%.

Traders work on the floor of the New York Stock Exchange.
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
Traders work on the floor at the New York Stock Exchange.
Traders work on the floor at the New York Stock Exchange.   (AP Photo)
« Prev« Prev | Next »Next » Slideshow

Intuitively, it's hard for people to wrap their brains around this idea that one number beat expectations, the other missed, and what does all that mean.
- Art Hogan, Jefferies & Co, on the mismatched employment data

« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.24.09
Murdoch and Microsoft: The Mice Are Trying to Roar
11.23.09
Books Are Bad for You
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

124 Stories

 Unemployment to Stay 
 High for Years 

Fed officials predict it will take about 5 years to return to normal

Nov 24, 09 4:13 PM CST
(Newser) - Unemployment will remain higher than normal for years to come, Fed officials predicted today. Even at the end of 2012, the rate is forecast to be between 6.8% and 7.5%—a decent turnaround from the current 10.2% but still about 2 points higher than the figure in... More »

MORE ABOUT:
unemployment • job cuts • job • jobless • unemployment rate

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 Up 17 as 
 Jobs Stats Stall Stocks 

Stock indexes finish week up 3%

Nov 6, 09 3:09 PM CST
(Newser) - Stocks rose slightly today after analysts upgraded GE—a striking sign of confidence, given the troubles at its finance arm over the previous year. But any enthusiasm was tempered by the news that unemployment hit 10.2% in October, the highest level since 1983.
  • The Dow rose 17.46
... More »

MORE ABOUT:
Dow Jones • General Electric • unemployment • Nasdaq • S&P 500 • jobless • unemployment rate

124 Stories


Business 
TwitterFollow @NewserBusiness on Twitter

 
NASDAQ • New York Stock Exchange • Dow Jones • unemployment • job cuts • S&P 500 • job • financial data • energy sector

from our news partners