Market Down, But News Is Good

Mining giants Bucyrus, Terex to merge

(NEWSER) - Stocks saw broad gains today as analysts upgraded blue chips Alcoa and Intel and big mergers were announced in the mining and health-care sectors, the Wall Street Journal reports.

• The Dow rose 85.25 points to close at 10,414.14.
• The Nasdaq added 25.97, ending the session at 2,237.66.
• The S&P 500 gained 11.58 to settle at 1,114.05.

Dallas Fed chief reiterates commitment to low interest rates

(NEWSER) - Stocks retreated from an earlier rally but closed with solid gains after the Dallas Fed president reaffirmed the central bank's commitment to keeping interest rates low. Meanwhile, home-builder Toll Brothers announced a surge in contracts for the third quarter, the Wall Street Journal reports.

• The Dow gained 44 points to close at 10,291.
• The Nasdaq added 16 points to settle at 2,167.
• The S&P 500 rose 6 points to 1,099.

Intel, Dell see gains

(NEWSER) - Stocks mostly fell today despite good news from the tech sector, the Wall Street Journal reports. The Reuters/University of Michigan index of consumer confidence fell in August, dragging the markets down. Intel rose 4.32% after raising its third-quarter profit forecast, while Dell gained 1.89% on second-quarter earnings that beat expectations. The Dow fell 36.43 points to 9,545.20. The Nasdaq added 1.04 to settle at 2,028.77, and the S&P 500 lost 2.05, closing at 1,028.93. More»

(NEWSER) - The tech sector drove a substantial market rally today led by rosy projections from chipmaker Intel, the Wall Street Journal reports. Other technology stocks followed Intel—up 7.5%—as investors predicted a resurgence of the consumer electronics market. Good news from the Fed and the credit industry also helped fuel the surge. The Dow was up 257.62, or 3.1%, to 8,616.21. The S&P gained 26.83, to 932.67. And NASDAQ tacked on 63.17 to end at 1,862.90. More»

(NEWSER) - Tech stocks soared at the open today, taking major indexes with them, after a strong quarter and upbeat outlook from Intel, the Wall Street Journal reports. The Dow rose 100 points, while the Nasdaq added 30 points and the S&P 11.45 points. Intel was up 7.5% pre-market. “Clearly, Intel is seeing a firming up in demand," said one analyst. “It's encouraging news for the industry.” More»