Street Watches Hill; Stocks Fall

Bailout plan reassures investors

(NEWSER) - Stocks continued to rally today, gaining enough on news of the government’s plan to form a debt relief agency for financial firms that the week's last two sessions saw the markets almost overcome the week’s earlier losses, MarketWatch reports. The Dow gained 368.75 to close at 11,388.44, the Nasdaq rose 74.80 to 2,273.90, and the S&P 500 climbed 48.57 to 1,255.08. More»

(NEWSER) - Stocks closed with modest advances on strong economic data and a drop in oil prices, the Wall Street Journal reports. Advances in second-quarter home prices and a boost in July consumer confidence propelled stock indices to new 2009 highs shortly after the open, but oil’s $2.32 drop moderated gains. The Dow gained 30 points to close at 9,539. The Nasdaq added 6 points, closing at 2,024, and the S&P 500 rose 2 points to close at 1,028. More»

(NEWSER) - The market was mixed today after the government announced TARP repayment plans, the Wall Street Journal reports. Oil surged past $70 a gallon, and the transport industry saw declines. The Nasdaq rose on hopes that electronics retail is picking up. The Dow was off 1.43 to 8,763.06. The S&P gained 3.29 to 942.43. And the Nasdaq surged 17.73 to end at 1,860.13. More»

Dow rises 184 despite drops in home prices, consumer confidence

(NEWSER) - Stocks rose today as investors were encouraged by the extension of at least $5 billion in bailout money to the financing division of General Motors, MarketWatch reports. GMAC said the aid would allow it to offer loans to more US consumers seeking to buy vehicles. The Dow gained 184.46 points to close at 8,668. The Nasdaq climbed 40.38 points, closing at 1,551, and the S&P 500 rose 21.22 points to settle at 891. More»

Uncertainty over bailout details gives rally a flat tire

(NEWSER) - Yesterday’s gains in the market, buoyed by the probable Detroit bailout, slipped away today as details remained uncertain, the Wall Street Journal reports. Though investors are still optimistic about the president-elect’s infrastructure initiative’s impact on raw goods and energy, that sector couldn’t carry the market. The Dow was down 242.85, to 8691.33; the Nasdaq was off 24.40, to 1,547.34; and the S&P fell 21.03, ending at 888.67. More»