Skip to: Content
Skip to: Site Navigation
Skip to: Search

July 25, 2008 10:55:53 PM CDT

Learn about Newser Points »

« Back to the grid | Next story »

Stocks Shake Before Fed Speech

Posted Aug 30, 07 4:31 PM CDT in Business,  US 

(Newser) – Technology shares are still on the rebound, but the credit market continues to shake other stocks as traders await Ben Bernanke's speech on Friday. The tech-heavy NASDAQ gained 2.14 today, to close at 2565.30. But the Dow slipped 50.56 to 13238.73, and the S&P 500 fell 6.12 to 1457.64.

Volume was light, but it's a routine lull in the days leading up to a long weekend. The VIX was high, and analysts say things won't calm down until Bernanke reveals more about the Fed's priorities in his annual speech. But,as one trader says, "anybody with brains wouldn't do anything at all."

Source Wall Street Journal

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • Big Rally Ends in Modest Gains

    Jun 25, 08 3:36 PM CDT
    Big Rally Ends in Modest Gains The markets rallied for much of the day on news of ebbing oil prices and the Fed's decision to hold rates steady, but it fell mostly flat by the finish on nagging worries about long-term growth, the Wall Street Journal reports. The Dow—at one point up more than 100 points—added 4.40 points to 11,811.83. The Nasdaq climbed 32.98 points to 2,401.26, while the S&P 500 rose 7.68 points to 1,321.97. More »

  • Bernanke Tosses Out His Rule Book

    Mar 16, 08 9:19 AM CDT
    Bernanke Tosses Out His Rule Book With a recession and worsening meltdown on Wall Street looming, Fed chief Ben Bernanke has dumped textbook central bank economic policy, reports the New York Times. Last week's bailout of Bear Stearns, for example, seemed to fly in the face of his previous reluctance to rescue big institutions. And it came in the same week the Fed made $200 billion available to investment banks and another $100 billion for banks and thrifts. More »

  • Fed Pours $200B Into Global Credit Relief Push

    Mar 11, 08 10:15 AM CDT
    Fed Pours $200B Into Global Credit Relief Push The Fed will inject huge quantities of cash into financial markets as part of a coordinated global attack on the credit crisis, Ben Bernanke announced today. The central bank will loan out another $200 billion, this time on a 28-day basis rather than overnight, the AP reports. The effort will coordinate with the European Central Bank and the central banks of Canada, England, and Switzerland. More »

  • Stocks Tumble on Weak Data

    Feb 28, 08 3:56 PM CST
    Stocks Tumble on Weak Data Stocks fell more than they had in a week today amid reports of sluggish economic growth, rising jobless claims, and fears of failing banks, Bloomberg reports. The Dow fell 112.10 points to 12,582.18, the Nasdaq fell 22.21 points to 2,331.57, and the S&P 500 12.34 points to 1,367.68. The government said GDP grew by 0.6% last quarter, below analysts' estimates. More »

  • Stocks Sink on Fed Comments

    Feb 14, 08 3:46 PM CST
    Stocks Sink on Fed Comments The markets fell today after three days of growth as the Fed warned that continuing credit trouble will restrain the economy and several top brokerage firms saw their earnings estimates reduced, MarketWatch reports. The Dow slid 175.26 points to 12,376.98, the Nasdaq dropped 41.39 to 2,332.54, and the S&P 500 fell 18.35 to 1,348.86. More »

An equities trader monitors share prices on the floor of the New York Stock Exchange, Wednesday, Aug. 29, 2007. Stocks advanced Wednesday as investors scooped up bargains after the previous session's...   (Associated Press)
Equity traders monitor share prices on the floor of the New York Stock Exchange, Wednesday, Aug. 29, 2007. Stocks advanced Wednesday as investors scooped up bargains after the previous session's huge...   (Associated Press)
Charles McGrath watches the early numbers from the floor of the New York Stock Exchange, Tuesday, Aug. 28, 2007, in New York. Wall Street extended its retreat as investors cautiously awaited minutes from...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (1 of 3)

Tags

Federal Reserve  • S&P 500  • credit crisis  • Ben Bernanke  • interest rate  • credit market  • NASDAQ  • Dow


Loading...

Loading...

Today's Most Popular


Other US Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »