Dow Skyrockets as Oil Retreats

Deep-seated concerns about economy remain

By Nick McMaster, Newser Staff

Posted Aug 5, 2008 3:23 PM CDT

(Newser) – Stocks rallied today after the Fed said it would keep money cheap for the time being and crude prices fell to below $120 a barrel, a 3-month low. The Dow gained 330.80 to close at 11,614.95, the Nasdaq rose 64.27 to... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Cops Shoot Naked Guy Eating Man's Face on Highway

Japanese Artist Serves Up Own Cooked Genitals

MarketWatch (Source Grid »)
Wall Street Journal (Source Grid »)

More info on the slide in commodities
Forbes

Dollar at 7-week high against euro
CNN

Money

Ben Bernanke • Chevron • NASDAQ • Federal Reserve • Dow Jones • interest rate • S&P 500 • oil prices • Institute for Supply Management

More Newser Stories

Lower Oil, Inflation Rally Stocks

Fed chief soothes markets; Lehman may have a buyer

(NEWSER) - Stocks rallied today amid light trading but still saw weekly losses as oil prices fell and financials rebounded, helped in part by a speech by Ben Bernanke that eased inflation fears, MarketWatch reports. The Dow surged 197.85 to 11,628.06; the Nasdaq gained 34.33, closing at 2,414.71; and the S&P 500 climbed 14.47 to 1,292.19. More»

Big Rally Ends in Modest Gains

Oil drop, Fed's confidence in growth not enough to preserve rise

(NEWSER) - 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»

Stocks Tumble on Weak Data

Dow drops 112 points on sluggish growth, rising jobless claims

(NEWSER) - 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

Bernanke sees weak growth because of credit trouble

(NEWSER) - 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»

Techs Put Damper on Optimism

Dell's struggles narrow Bernanke boost

(NEWSER) - The markets closed up today on rumors of a coming interest rate cut, but bad news in the tech sector limited gains. The Dow climbed 59.99 points to 13,371.72, but only after a negative forecast from Dell erased a sizable morning rally. The S&P 500 climbed 11.42 to 1,481.14, while the Nasdaq slumped 7.17 to close at 2,660.96. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Dow Skyrockets as Oil Retreats

Deep-seated concerns about economy remain

Ben Bernanke • Chevron • NASDAQ • Federal Reserve • Dow Jones • interest rate • S&P 500 • oil prices • Institute for Supply Management

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Lower Oil, Inflation Rally Stocks

Fed chief soothes markets; Lehman may have a buyer

Big Rally Ends in Modest Gains

Oil drop, Fed's confidence in growth not enough to preserve rise

Stocks Tumble on Weak Data

Dow drops 112 points on sluggish growth, rising jobless claims

Stocks Sink on Fed Comments

Bernanke sees weak growth because of credit trouble

Techs Put Damper on Optimism

Dell's struggles narrow Bernanke boost

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?