Bond Sales Drive Dow Up 32

(NEWSER) - Markets fell today as an auction pushed yields on 10-year Treasury notes higher, the Wall Street Journal reports. A 30-year sale is scheduled for Friday. “Higher interest rates are not good for anyone,” said one broker. “It’s going to kill the refinancing boom.” The Dow was off 24.04 to 8.739.02. The S&P lost 3.28 to end at 939.15. And the Nasdaq shed 7.05 to 1,853.08. More»

(NEWSER) - A well-received auction of Treasury notes and a jump in the price of crude oil pushed markets up today, the Wall Street Journal reports. “There was some real fear coming into this,” a strategist said of yesterday’s worries about government debt. “Clear-cut case of sell on the rumor, buy on the news.” The Dow was up 103.78 to 8,403.80. The S&P rose 13.77 to 906.83. And the Nasdaq added 20.71 to finish at 1,751.79. More»

Dow up 61% since the low point in March

(NEWSER) - Stocks have rebounded mightily since the dark days of March, though analysts warn the dazzling recovery could make for a lackluster 2010, or even auger a double-dip recession or '30s-style yo-yoing markets. The good news first: Barring a disastrous close today, the Dow will be up around 61% since March lows, and 20% for the year, the best showing since 2003. The S&P and NASDAQ are also on track to have their best year since then. More»

(NEWSER) - Markets were off today on plunges in the energy and manufacturing sectors brought on by falling oil prices, the Wall Street Journal reports. A poorly received auction of T-notes also did little to inspire confidence. The world’s largest steelmaker, ArcelorMittal, slipped 7% on a larger than expected loss, and the tech sector took a hit on Microsoft’s deal with Yahoo. The Dow fell 26 to 9,070.72, the S&P shed 4.49 to end at 975.13, and Nasdaq lost 7.75 to finish at 1,967.76. More»

(NEWSER) - Markets were mixed today, but the Dow closed at its highest end point in 2009 even as tech and material stocks pulled down other indices, the Wall Street Journal reports. The resurgent dollar cut deeply into the commodities sector. A NYSE computer malfunction also temporarily halted trading in some stocks. “Computers break,” one trader said. “But then they replace them.” The Dow was up 28.34 to 8,799.26, the S&P up 1.32 to 946.21, and the Nasdaq down 3.57 to 1,858.80. More»