Bank Woes Push Dow Down 196

Good news from RIM, Oracle help lift tech sector

(NEWSER) - Stocks ended mixed today as a rally on the news of a White House bailout for the auto industry fizzled over concerns for the larger economy, MarketWatch reports. General Motors led advancing stocks with a 22.7% gain, and the Dow closed up 25.88 at 8,579.11. The Nasdaq gained 11.95, closing at 1,564.32, while the S&P 500 rose 2.60, to settle at 887.88. More»

(NEWSER) - Markets were off today on falling oil prices and a poor showing from the financial industry, the Wall Street Journal reports. The S&P energy index fell 2.4% and Bank of America, Pfizer, and Wal-Mart also saw declines. General Motors, whose low share price no longer significantly affects markets, was off 4%. The Dow was down 62.68, to 8,268.64. The S&P 500 slumped 10.19, to 882.88. And the Nasdaq finished down 9.07 at 1,680.14. More»

(NEWSER) - More bankruptcy rumblings from General Motors sent stocks down early today, but the blow was cushioned by good news from the financial sector, the Wall Street Journal reports. Citi and Bank of America had double-digit gains ahead of what are expected to be solid earnings reports. The Dow finished down 25.57 at 8,057.81; the Nasdaq rose 0.77, to 1,653.31; and the S&P 500 gained 2.17 to 858.73. More»

Mild drop as investors hold breath

(NEWSER) - Stocks dipped at the open today, as investors digested downbeat corporate news while awaiting an auto bailout. The Dow fell as much as 145; the Nasdaq and S&P were off 1.3% and 1.4%, respectively. Auto shares retreated after yesterday’s gains, the Wall Street Journal reports, with General Motors and Ford dropping 5.5% and 7.5%, respectively, on news the government would likely demand shares for its help. More»

Industries likely to benefit from Obama building plan see gains

(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 62.43, closing at 1,571.74, while the S&P 500 climbed 33.63 to settle at 909.70. More»