Dow Breaks 14,000 for 2nd Time

Investors thank Bush, Bernanke for gains

(NEWSER) - On the eve of the holiday weekend, the major markets jumped today, riding encouraging comments by President Bush and Ben Bernanke to broad advances that pushed their monthly gains above 1%. The Dow, which saw 28 of 30 stocks rise, finished up 119.01 points, closing at 13,357.74. Citigroup and JP Morgan led a financial-sector rally. More»

Stocks gain on body's 'moderate' growth expectations

(NEWSER) - Stocks were up across the board today after the Fed expressed confidence that “moderate” expansion would continue, countering fears that the subprime fiasco will bleed further into the broader market. The Dow was down more than 100 points immediately after the decision as traders scrambled to decode it, but closed up 35.52, at 13,504.30 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.

Investors predict payroll gains for March

(NEWSER) - Gains in financial stocks kept the markets afloat today. Both AIG and Citigroup closed up, in part because of a successful offering of $2 billion in trust preferred securities, the Wall Street Journal reports.

• The Dow gained 2.95 points to close at 10,567.33.
• The Nasdaq added 18.27 to settle at 2,358.95.
• The S&P 500 rose 5.17, closing at 1,145.61.

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»