Dow Finishes Up 188, Above 9K

Third-quarter reports detail suffering across the board

(NEWSER) - Stocks continued yesterday’s decline amid a wave of poor earnings reports across the board, the Wall Street Journal reports. The Dow, down at one point nearly 700 points in the final hour, fell 514.45 to close at 8,519.21. The Nasdaq shed 80.93 points, closing at 1,615.75, and the S&P 500 slid 58.27 points to 896.78, its lowest close in 5 years. More»

Data on home resales spur rally

(NEWSER) - Stocks rallied today on news that home resales jumped 10.1% in October and comments from the president of the St. Louis Fed reaffirming the government's extended commitment to support the credit markets, the Wall Street Journal reports.

• The Dow jumped 132.79 points to close at 10,450.95, a new high for 2009.
• The Nasdaq added 29.97, closing at 2,176.01.
• The S&P 500 rose 14.86 to settle at 1,106.24.

Dow hits new 2009 high but falls back amid light volume

(NEWSER) - The stock indices ended mixed today after strong morning gains lost steam. The Dow hit a new high for 2009, 9931.82, off strong expectations for the third-quarter earnings. But profit-taking traders capitalized on recent gains, pushing the market lower; light trading volume on the Columbus Day holiday amplified their actions. The Dow closed up 20.86 points at 9,885.80. The Nasdaq lost just 0.14 to close at 2,139.14, and the S&P 500 settled at 1,076.18, having gained 4.69, the Wall Street Journal reports. More»

Telecoms fall after FCC OKs internet calls on smartphones

(NEWSER) - Stocks ended mixed as traders await the beginning of the third-quarter earnings season, which kicks off with Alcoa’s report later today. Telecoms fell after the FCC chair said he would allow Internet-based phone calls on smartphones. AT&T was down 3.6%, while Verizon fell 2.7%. Amid light volume, the Dow fell 6 points to 9,725, the Nasdaq gained 7, settling at 2,110, and the S&P 500 added 3 points, closing at 1,058, reports the Wall Street Journal. More»

Investors await consumer confidence, housing, GDP data

(NEWSER) - Stocks closed near to opening levels today, with the Dow just barely extending its winning streak into a fifth session, the Wall Street Journal reports. All the indices hit new highs for 2009 early, boosted by housing data, investors pulled back ahead of looming reports on consumer confidence, new home sales, and second-quarter GDP. The Dow closed up 3.32 points at 9,509.28. The Nasdaq sank 2.92 to close at 2,017.98, and the S&P 500 lost .57, closing at 1,025.56. More»