Global Selloff Rocks Dow

(NEWSER) - Stocks surged at today’s open, tracking a huge rally in China, the Wall Street Journal reports. The Dow climbed 100 points, while the S&P and Nasdaq each added 1.8%. That followed a more than 6% leap in the Shanghai Composite, on strong manufacturing data and stimulus discussion. US news wasn’t nearly as good: The private sector shed 697,000 jobs last month, according to new figures. More»

Index surges 150+ at open, following Asian lead

(NEWSER) - Stocks jumped out of the gate today, thanks to a $586 billion stimulus package from Beijing. The Dow was up nearly 200 just after opening, the Wall Street Journal reports, and the S&P and Nasdaq climbed 1.8% and 1.2%, respectively. The moves followed rallies overseas, including a 7.3% boost for the Shanghai Composite and a 5.8% boost for the Nikkei. More»

It's Dow's best finish since 2008

(NEWSER) - Today's rosy jobs report did wonders for the markets. The tech-heavy Nasdaq, in fact, closed at an 11-year high, reports MarketWatch , while the Dow finished at its highest level since May 2008, notes the Wall Street Journal . The numbers:

• Dow: Up 157, 1.2%, to 12,862
• Nasdaq: Up 46, 1.6%, to 2,906
• S&P 500: Up 19, 1.5%, to 1,345

Market has its best day this month

(AP) - Encouraging signs out of Europe and a surprisingly strong report on the US housing market drove the Dow Jones industrial average up more than 330 points today. It was the best day for stocks this month. The Spanish government pulled off a successful debt auction, and gauges of business and consumer confidence in Germany rose unexpectedly. The Commerce Department, meanwhile, said builders broke ground on 685,000 new homes last month, a 9.3% jump from October. That's the highest level since April 2010. More»

Dow drops triple digits

(NEWSER) - Stocks plunged at the opening bell today, thanks to the super committee's failure to reach a deal and the ongoing debt crisis in Europe. As of 9:37am, the Dow was down 158 points, while the Nasdaq and S&P were down 40 and 19 points, respectively, as investors bet that the US would suffer yet another credit rating downgrade. More»