Dow Clears 9,000 to Open '09

Oil hits $71.2 a barrel, highest price in a month

(NEWSER) - Stocks rallied today on signs of a turnaround for US manufacturing, the Wall Street Journal reports. Oil rose $2.13, to $71.27 per barrel, its highest price in a month, and banks HSBC and Barclays reported strong quarterly earnings. The Dow closed up 114.95 to settle at 9,286.56. The Nasdaq added 30.11, settling at 2,008.61, and the S&P 500 rose 15.15 to close at 1,002.63. More»

(NEWSER) - Reports of greater-than-expected US oil reserves sent crude prices and markets tumbling today, the Wall Street Journal notes. The manufacturing sector fell, and the Dow’s energy component was off 4.1%. “People are looking at the inventory report today as a really good chance to take some money off the table,” a broker said. The Dow was off 64.67 to 8,676.20. The S&P lost 12.92 to end at 931.82. And the Nasdaq shed 10.88 to 1,825.92. More»

Energy firms see gains on oil rally

(NEWSER) - Stocks fell today after treading water for most of the session, the Wall Street Journal reports. Financials fell, but a rise in energy stocks spurred by a $3.53 gain in the price of oil buoyed indices somewhat. The House passage of the stimulus plan seemed to have little effect on markets. The Dow lost 82.35 points to close at 7,850.41. The Nasdaq closed down 7.35 at 1,534.36, and the S&P 500 fell 8.35, settling at 826.84. More»

Oil futures end a four-day rally

(NEWSER) - Stocks failed to hold on to session highs but made gains today amid a series of dismal, if not unexpected, economic reports. Oil futures ended a four-day rally, falling $0.23 to $48.59 a barrel after briefly topping $50, Marketwatch reports. The Dow added 62.21 points to close at 9,015. The Nasdaq closed up 24.35 points at 1,652, while the S&P 500 gained 7.24 points, settling at 935. More»

Deep-seated concerns about economy remain

(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 2,349.83, and the S&P 500 climbed 35.72 to settle at 1,284.77. More»