Stocks Mixed; Dow Off 16

September rally sees slight pullback

(NEWSER) - Stock indices finished mixed today after the markets reached what most traders saw as a slight pause in a very strong September, the Wall Street Journal reports. Financials led declines: AmEx fell 2.9%, while Bank of America lost 1.8%. Google rose 1.1% after Citigroup analysts boosted their third-quarter estimate. The Dow closed down 41.34 points at 9,778.86. The Nasdaq gained 5.18, closing at 2,138.04, while the S&P 500 lost 3.64, finishing at 1,064.66. More»

Global markets set losing tone for NYSE

(NEWSER) - Stocks plunged today as President Obama signed the economic stimulus package into law, MarketWatch reports. With a negative tone set by losses in the overseas stock markets, financials led declines, with Bank of America, Citigroup, JP Morgan Chase, and American Express all down at least 9%. The Dow lost 297.81 points to close at 7,552.60, less than a point off the five-year low on Nov. 20, notes the Wall Street Journal. The Nasdaq fell 63.70 points, settling at 1,471, and the S&P 500 dropped 37.66 points to close at 789. More»

China's GDP slowdown spooks investors as well

(NEWSER) - Stocks fell today as a wave of poor earnings soured investor confidence across the board, though the continued drop in interbank lending rates kept losses in check, the Wall Street Journal reports. The Dow closed down 231.77 at 9,033.66. The Nasdaq fell 73.35 to 1,696.68, while the S&P 500 slipped 30.35 to settle at 955.05. More»

Financial sell-off follows Fed's move, sends markets plummeting

(NEWSER) - News of the Bear Stearns bailout triggered a sell-off today as investors were reminded that the true depth and breadth of current credit problems remains uncertain, the Wall Street Journal reports. Bear Stearns stock closed at 30, down a breathtaking 47.4% on the day. The Dow fell 194.65 to 11,951.09, the Nasdaq 51.12 to 2,212.49, and the S&P 500 27.34 to 1,288.14. More»

CEO Vikram Pandit confident government will sell Citi stake

(NEWSER) - A possible move by China to tighten monetary policy sapped stocks today, but optimistic comments from Citigroup's CEO led the indexes higher in the final hour, the Wall Street Journal reports.

• The Dow added 45 points to close at 10,612.
• The Nasdaq gained 10 points, closing at 2,368.
• The S&P 500 rose 5 points, settling at 1,150.