Oil Reversal Stymies Rally

S&P 500, Nasdaq also rise

(NEWSER) - Markets are up, at least for now: The Dow was up more than 100 points at open, with the S&P 500 and Nasdaq following suit, up about 11 and 13 points, respectively, MarketWatch reports. An upbeat report on retail sales no doubt prodded stocks upward: July sales rose a seasonally adjusted 0.5%, their biggest gain in four months. Currently the Dow is hovering in the 11,200 range. More»

(NEWSER) - Stocks sunk swiftly at the open after disappointing sales reports from retailers. The Dow tumbled 160 points, while the Nasdaq and S&P fell 1.5% and 2.1% respectively. Retail sales were down a more-than-expected 0.4% in April, from a revised-downward 1.3% drop in March. RealtyTrac also announced a 32% jump in foreclosures last month, meaning a housing rebound isn’t imminent. Ford was down 4% as it prepared to sell 300 million shares in a secondary offering. More»

(NEWSER) - Stocks fell at the open today, as a surprisingly bad retail report overshadowed a strong quarter from Goldman Sachs. The Dow fell 55 points, while the S&P and Nasdaq slid 4.3 and 14.1 points respectively. Retail sales fell 1.1% last month, while inflation fell faster than expected. Goldman Sachs posted a $1.8 billion profit, but its shares fell 4.9%. Other financials, however, were higher, with Citigroup up 11.8% More»

Host of negative news hurts markets

(NEWSER) - Stocks tumbled at the open today, after a raft of negative news overshadowed yesterday’s big rally. The Dow fell 128 points, while the Nasdaq and S&P shed 2% and 1.8% respectively. The Dow shot up more than 500 points yesterday, but today brought a dismal quarterly report from Freddie Mac, a slashed outlook from Nokia, and a record decline in retail sales in October. More»

Drop in jobless claims encourages investors, but it's a 'one-story market'

(NEWSER) - Stocks eked out small gains after two days of big losses as surging oil pulled back from a new record of $135 per barrel to $131.79, the Wall Street Journal reports. The Dow rose 24.43, closing at 12,625.62, while the Nasdaq climbed 16.31 to settle at 2,464,58. The S&P 500 rose 3.64, finishing the session at 1,384.35. More»