Stocks Dip on Tough Tech Day

Best week in 6 months

(NEWSER) - Stocks climbed again today, closing out the biggest weekly gain since March. The Dow rose 53.49 to 13,820.19, the Nasdaq climbed 16.93 to 2,671.22, and the S&P 500 closed at 1,525.75, up 7.00. The Dow and S&P rose 2.8% on the week. In the wake of the Fed's rate cut Tuesday, "confidence is returning", one fund manager told Bloomberg. More»

Dow sees triple-digit rise

(NEWSER) - Is the panic over on Wall Street? The Dow shot up around 131 points, and the S&P and Nasdaq were up 13.5 and 26.2 as of 9:39am EST. Part of the gain came from Google’s blockbuster acquisition of Motorola , which sent the latter’s stock up 60%, according to the Wall Street Journal . Traders were also watching two other major deals—Time Warner is reportedly close to an agreement to buy Insight Communications, and Bank of America sold its credit card portfolio to Toronto-Dominion Bank. More»

(NEWSER) - Stocks took an early dive today, as investors digested a bleak GDP report and Citigroup’s new rescue package, the Wall Street Journal reports. The Dow tumbled about 125 points, while the S&P lost 2%. The Nasdaq dropped 1.1%. Citigroup shares plummeted 31% after it announced a deal that would leave the government owning more than a third of the company—and wipe out three-quarters of existing shareholders’ stake. That pessimism dragged other banks down, too; Bank of America is down about 16%. More»

Drop isn't as bad as feared, and rate cuts abroad cheer US traders

(NEWSER) - Stocks jumped at the opening bell, as international rallies helped offset a shrinking US economy, the Wall Street Journal reports. Gross domestic product shrank at a seasonally adjusted 0.3% annual rate from July to September; the not-as-bad-as-feared figure sent the Dow up 201 points at the open before dipping back downward. The S&P and Nasdaq saw 1.8% and 2.5% gains of their own. More»

It's Dow's best finish since 2008

(NEWSER) - Today's rosy jobs report did wonders for the markets. The tech-heavy Nasdaq, in fact, closed at an 11-year high, reports MarketWatch , while the Dow finished at its highest level since May 2008, notes the Wall Street Journal . The numbers:

• Dow: Up 157, 1.2%, to 12,862
• Nasdaq: Up 46, 1.6%, to 2,906
• S&P 500: Up 19, 1.5%, to 1,345