Dow Up 17 to End Best Month Since '02

Dow, S&P 500 now negative for 2009

(NEWSER) - A global rout in materials and energy stocks combined with a sell-off in financials to wreak havoc on US markets today, the Wall Street Journal reports. The Dow closed down 200.72 at 8,339.01. The Nasdaq lost 61.28, closing at 1,766.19, and the S&P 500 dropped 28.19 to close at 893.04. The Dow is now down 1.1% for the year, while the S&P is off 5%. More»

(NEWSER) - Stocks plunged at the open, as banks sold shares to raise capital, and consumer and commodity stocks took a pounding, the Wall Street Journal reports. The Dow was down 140, the Nasdaq down 1.8% and the S&P off 2.1. Oil producers were hit hard as crude fell blow $58 a barrel, while Bank of America and Morgan Stanley led financials south, falling 3% and 2% respectively. More»

(NEWSER) - Stocks limped higher at the open today, after a punishing Monday session that left the Dow below 7,000, its worst levels since April 1997. Today the Dow was up 80 points in early trading, the Wall Street Journal reports, while the S&P and Nasdaq added 1.6% and 1.5%, respectively. Financial stocks were modestly higher, with Citigroup up 11% and Bank of America up 4.7% More»

Market shrugs off 7.6% unemployment

(NEWSER) - Stocks rallied today as investors anticipated quick action on a stimulus package, MarketWatch reports. Unemployment for January was 7.6%, but investors are betting the frightening figure will spur Congress to expedite the bill. The Dow rose 217.52 to close at 8,280.59. The Nasdaq gained 45.47 to close at 1,591.71, and the S&P 500 added 22.75, settling at 868.60. More»

Obama inauguration can't break Street's gloom

(NEWSER) - A spirit of optimism swept through America today as Barack Obama was sworn in—except on Wall Street, where financial trouble at home and in the UK sent the Dow below 8,000 for the first time since November, the Journal reports. The Dow fell 332.13 to close at 7,949.09. The Nasdaq shed 88.47, settling at 1,440.86, and the S&P 500 closed down 44.90 at 805.22. More»