Stocks Plummet on Rate Worries

Dow rise modest, oil rise fo' real

(NEWSER) - Stocks turned upward at the open today, as traders hunted for bargains and signs of a recovery. The Dow rose 80 points, while the S&P and Nasdaq climbed 1% and 0.9% respectively. Oil, meanwhile, jumped $1.22 to $50.03 as a dispute between Gazprom and the Ukraine threatened the supply of gas from Russia to Europe. More»

(NEWSER) - Stocks continued their holiday nap today, opening only modestly higher despite an expansion of the auto bailout. The Dow rose 57 points, while the Nasdaq and S&P each rose 0.6%. GM and Ford climbed11% and 2.7% respectively on news that the government would toss $6 billion to GMAC, GM’s lending arm. More»

Bad news from Texas Instruments, high crude prices quash optimism

(NEWSER) - Stocks fell today, with investors shying away from tech after Texas Instruments slashed its sales forecast. NYSE losers outpaced winners 9 to 7, the Dow dropped 16.74 to 13,291.65, the Nasdaq fell 5.40 to 2,592.07, and the S&P held steady. “We had a pretty explosive rally yesterday,” said one strategist, “and the day after we tend to gather our thoughts.” More»

Bear Stearns downgrade stirs more trouble as Dow loses 2%

(NEWSER) - After two straight days of gains and a steady morning the Dow plummeted in a selloff late this afternoon, losing 2% of its value to close at 13179.71, down 283.62. Bear Stearns lost big after Standard and Poors downgraded the subprime-laden i-bank from "stable" to "negative," stirring more worries over the deeply troubled credit market. Financial stocks followed expeditiously: Lehman brothers lost almost 8%. More»

Blue-chip average flirts with 13,000; S&P 500, Nasdaq reach 6-year peaks

(NEWSER) - The Dow closed at a record high of 12,961.98 today, gaining 153.35 points as it rode a wave of positive earnings reports that pushed the S&P 500 and the Nasdaq to six-year highs, too, CNN reports. The Dow reached an all-time high of 12,966.29 shortly before its third straight record close. More»