Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Dow Up 299 on Stimulus, Autos

Industries likely to benefit from Obama building plan see gains

By Nick McMaster, Newser Staff

Posted Dec 8, 2008 3:17 PM CST

(Newser) – Stocks rallied today, led by automakers, which look ever likelier to get a federal bailout, and industrial firms expected to benefit from President-elect Barack Obama’s proposed public-works programs, MarketWatch reports. The Dow gained 298.76 to close at 8,934.18. The Nasdaq rose... 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!

1 comment

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Miami Face-Eater Identified

Chagas Disease the 'New AIDS of the Americas'

MarketWatch (Source Grid »)
Wall Street Journal (Source Grid »)
Financial Times (UK) (Source Grid »)

OPEC expected to cut production next week
Bloomberg

Automaker bailout deal likely by end of day: White House
New York Times

Money

Chrysler • NASDAQ • Dow Jones • General Motors • Ford • economic stimulus package • S&P 500 • oil prices • commodity prices • financial crisis • public works

More Newser Stories

Stocks Close Up 248 Despite Tough Jobs News

But Friday rally can't heal brutal weekly losses

(NEWSER) - Stocks gained today despite a big bump in unemployment last month and poor earnings reports, MarketWatch reports. The indexes looked positioned for another late-Friday bloodbath but instead rose sharply in what could be a vote of confidence for President-elect Obama’s economic team. The Dow rose 248.02 to 8,943.81. The Nasdaq gained 38.70 to 1,647.40, and the S&P 500 climbed 25.87 to close at 930.75. More»

Stocks Gyrate; Dow Down 37

Investors hope yesterday's sell-off brings the market close to a floor

(NEWSER) - Stocks looked set for rallies several times during today’s session in the wake of yesterday’s sell-off, but closed with mild losses, the Wall Street Journal reports. Shares of General Motors and Ford fell after both reported declining sales for February. The Dow fell 37.27 to close at 6,726.02. The Nasdaq shed 1.84, settling at 1,321.01, and the S&P 500 lost 4.49, closing at 696.33. More»

Oil Skids; Dow, Off 219, Follows

Weak data, contract expirations stoke selloff

(NEWSER) - Stocks fell today as oil futures declined, the jobs picture remained grim, and two of the Detroit’s Big Three announced production stops due to lack of funds, MarketWatch reports. The imminent expiration of options and futures contracts also bedeviled the markets, and the Dow closed down 219.35 at 8,604.99. The Nasdaq fell 26.94 to close at 1,552.37, and the S&P 500 19.14 to 885.28. More»

Bank Woes Push Dow Down 196

JPMorgan Chase, Bank of America, Citigroup all see big drops

(NEWSER) - The markets slid today as JP Morgan’s CEO made pessimistic comments about home prices, the Wall Street Journal reports. Adding to investor malaise was a Labor Department report that unemployment insurance claims are at a 26-year high, and continued uncertainty about the Detroit bailout. The Dow was down 196.33, to 8,565.09; the Nasdaq was off 57.60, to 1,507.88; and the S&P lost 25.65, to 873.59. More»

Dow Off 400+ Again, Below 9K

Worrisome news on retail, jobs sink stocks

(NEWSER) - Stocks added to yesterday’s deep declines with the major indices registering falls of 4%-5% today, MarketWatch reports. A string of poor retail reports soured confidence ahead of tomorrow’s October unemployment report, expected to be grim. The Dow fell 443.48, dropping below the 9,000 mark to 8,695.79. The Nasdaq lost 72.94 to 1,608.70, and the S&P 500 shed 47.89 to settle at 904.88. 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 Up 299 on Stimulus, Autos

Industries likely to benefit from Obama building plan see gains

Chrysler • NASDAQ • Dow Jones • General Motors • Ford • economic stimulus package • S&P 500 • oil prices • commodity prices • financial crisis • public works

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Stocks Close Up 248 Despite Tough Jobs News

But Friday rally can't heal brutal weekly losses

Stocks Gyrate; Dow Down 37

Investors hope yesterday's sell-off brings the market close to a floor

Oil Skids; Dow, Off 219, Follows

Weak data, contract expirations stoke selloff

Bank Woes Push Dow Down 196

JPMorgan Chase, Bank of America, Citigroup all see big drops

Dow Off 400+ Again, Below 9K

Worrisome news on retail, jobs sink stocks

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?