Mortgage Worries Drive Markets Down

Exchanges sink on subprime woes; Blackstone jumps in debut

By M. Morris, Newser Staff

Posted Jun 22, 2007 4:45 PM CDT

(Newser) – The major exchanges plummeted today, wrapping up a week of seesawing during which the Dow and the S&P 500 lost about 2% and the Nasdaq fell 1.4%. Even Bear Stearns' announcement that it will bail out a hedge fund entangled in subprime loans... 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

Bloomberg (Source Grid »)

More on Blackstone's day(s) in the sun
TheStreet

Bear Stearns is now takeover bait
MarketWatch

The lowdown on the hedge fund bailout
Bloomberg

The Journal ties all the threads together
Wall Street Journal Subscription

stock market • Blackstone Group • Dow Jones • stocks • IPO • S&P 500

More Newser Stories

Battered Dow Ends Down 635

US' downgraded credit rocks Wall Street in punishing session

(NEWSER) - The Dow Jones plummeted under 11,000 today, dropping 635 points as the United States' downgraded credit rating punished the markets. The drubbing took the Dow down 5.55% to 10,810, reports MarketWatch . The Nasdaq and S&P 500 bled more, shedding 6.90% and 6.66% respectively. More»

Stocks Jump at Bell on Central Bank Cash

Dow up 140

(NEWSER) - Stocks surged at the opening bell this morning, as traders registered approval of the central banks’ move to inject $360 billion into global money markets. The Dow jumped 118 points, while the S&P and Nasdaq rose 1.6% and 2% respectively. “These joint interventions are welcomed by the market, showing the Fed is trying to solve the logjam,” said one economist. More»

Fluctuating Markets Close Up

Dow returns to 11K-plus territory

(NEWSER) - As AIG's future became somewhat clearer, the wildly fluctuating markets settled into positive territory at the end of today's session. Rumors that the Fed will bail out the mega-insurer helped nearly erase a 74% decline, Bloomberg reports. The Dow closed up 141.51 at 11,059.02, the Nasdaq gained 22.45 to 2,202.36, and the S&P 500 rose 20.86 to 1,213.56. More»

Jitters Drive Most Stocks Downward

Bad news from Texas Instruments, high crude prices quash optimism

(NEWSER) - Stocks fell today, with investors shying away from tech after Texas Instruments slashed its sales forecast. NYSE losers outpaced winners 9 to 7, the Dow dropped 16.74 to 13,291.65, the Nasdaq fell 5.40 to 2,592.07, and the S&P held steady. “We had a pretty explosive rally yesterday,” said one strategist, “and the day after we tend to gather our thoughts.” More»

After Wild Day, Stocks Stand Still

Dow is up, Nasdaq and S&P are down, all eyes are on the Fed

(NEWSER) - Wall Street was volatile today, with the Dow swinging in a 160-point range as investors combed speeches from Federal Reserve members for rate-cut clues. But the index ended up rising only 14.47 points, to 13,127.85, while the S&P and Nasdaq fell 1.85 and 6.59 respectively, indicating overall uncertainty from traders, The Street.com reports. 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

Mortgage Worries Drive Markets Down

Exchanges sink on subprime woes; Blackstone jumps in debut

stock market • Blackstone Group • Dow Jones • stocks • IPO • S&P 500

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Battered Dow Ends Down 635

US' downgraded credit rocks Wall Street in punishing session

Stocks Jump at Bell on Central Bank Cash

Dow up 140

Fluctuating Markets Close Up

Dow returns to 11K-plus territory

Jitters Drive Most Stocks Downward

Bad news from Texas Instruments, high crude prices quash optimism

After Wild Day, Stocks Stand Still

Dow is up, Nasdaq and S&P are down, all eyes are on the Fed

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?