Standard and Poor

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Stocks Dip After Fed Rate Hike

While dollar and bond yields rise

(Newser) - Stocks fell Wednesday after the Federal Reserve raised interest rates on the back of a strengthening job market and surprised investors by increasing its forecast for rate hikes next year, the AP reports. The dollar and bond yields rose sharply. Utilities, real-estate investment trusts, and other high-dividend stocks at risk... More »

Dow Ends Week Up 74

S&P 500, Nasdaq also up

(Newser) - Stocks are closing higher after a day of meandering, giving the market its third straight week of gains. The Dow edged up 74 points, or 0.4%, to 17,215 Friday. The Standard & Poor's 500 index rose nine points, or 0.5%, to 2,033. The Nasdaq composite... More »

Dow Ends Day Up 217

Stocks see best gain in nearly 2 weeks

(Newser) - Stocks are notching their best gain in nearly two weeks as investors respond to some positive earnings surprises. The Dow Jones industrial average jumped 217 points, or 1.3%, to 17,141 Thursday. The Standard & Poor's 500 index rose 29 points, or 1.5%, to 2,023. The... More »

Dow Ends Day Down 157

S&P 500, Nasdaq also down

(Newser) - Stocks are closing lower Wednesday, led by declines in retailers after a disappointing forecast by Walmart. The Dow Jones industrial average gave up 157 points, or 0.9%, to 16,924. The Standard & Poor's 500 lost nine points, or 0.5%, to 1,994. The Nasdaq composite declined... More »

Stock Market Closes Out Best Week of the Year

Dow, S&P 500, Nasdaq all up

(Newser) - The stock market is closing out its best week this year with a modest gain, helped by airlines and industrial companies. The Dow Jones industrial average rose 33 points, or 0.2%, to 17,084 Friday. The Standard & Poor's 500 gained a point to 2,014. The Nasdaq... More »

Dow Ends Day Up 138

Nasdaq, S&P 500 also up

(Newser) - Stocks are closing solidly higher on Wall Street, continuing a weeklong advance. Investors were relieved Thursday by minutes from the Federal Reserve's latest meeting, which showed that policymakers were in wide agreement to keep rates low. The Dow Jones industrial average rose 138 points, or 0.8%, to 17,... More »

Dow Ends Day Up 13

S&P 500, Nasdaq both down

(Newser) - A rally in energy stocks wasn't enough to lift the broader market, leaving indexes mostly lower at the closing bell Tuesday. The Dow Jones industrial average edged up 13 points, less than 0.1%, to 16,790. It jumped 304 points the day before. The Standard & Poor's... More »

Dow Ends Week Up 200

S&P 500, Nasdaq also up

(Newser) - The stock market reversed an early stumble and ended higher, led by gains in energy companies. The Dow gained 200 points, or 1.2%, to 16,472. It was down as much as 258 earlier. The Standard & Poor's 500 index rose 27 points, or 1.4%, to 1,... More »

Dow Ends Day Down 12

S&P 500, Nasdaq both slightly up

(Newser) - Stocks are getting the fourth quarter off to a weak start as investors wait for the government's monthly jobs report. The Dow Jones industrial average fell 12 points, or 0.1%, to 16,271 on Thursday. The S&P 500 rose three points, or 0.2%, to 1,923.... More »

Dow Ends Day Up 235

S&P 500, Nasdaq also up as third quarter closes

(Newser) - US stocks are closing out a rough quarter on a positive note. Major indexes rallied on Wednesday, but the market still ended the third quarter with its worst loss in four years. All five of the biggest drops in the year occurred in the last three months as traders worried... More »

Dow Ends Day Up 47

S&P 500 also up, but Nasdaq is down

(Newser) - US stocks are closing mixed as the market stabilizes a day after a big drop. The Dow Jones industrial average rose 47 points, or 0.3%, to 16,049 Tuesday. It plunged 312 points the day before. The Standard & Poor's 500 index eked out a gain of two... More »

Argentina Defaults, Blames US

US' handling of talks with bondholders was 'shameful'

(Newser) - First the World Cup loss , now this: Argentina has defaulted for the second time in 13 years—but apparently through no fault of its own. Standard & Poor's considered the country in default yesterday after it failed to make interest payments to its bondholders and CNN reports that may... More »

The 7 Biggest Shutdown Losers

Hint: Most of them are Republicans

(Newser) - "There are no winners here," White House press secretary Jay Carney told reporters yesterday afternoon. This is because Jay Carney is not a political pundit who lives to declare winners in Washington dust-ups. But even taking Carney at his word about winners, there sure were a heck of... More »

S&P Says Lawsuit Is Feds' Revenge for Downgrade

Justice Department calls claim 'preposterous'

(Newser) - Standard & Poor's is claiming that the Justice Department's massive lawsuit against it is simply "retaliation" for the rating agency's 2011 decision to downgrade the US credit rating . In a court filing yesterday, S&P argued that the downgrade was "free speech" and that hence... More »

Dow Crosses 15K for First Time

Strong jobs report lifts markets

(Newser) - A big gain in the job market lifted the stock market to a record high this morning. The Dow Jones industrial average crossed 15,000 for the first time, and the Standard and Poor's 500 index, a broader market measure, rose above 1,600. In the first hour of... More »

Why Aren't We Prosecuting Singing S&P Fraudsters?

William Greider wonders if this is Obama's Watergate

(Newser) - The Justice Department's lawsuit against Standard and Poor's looks pretty damning. According to the suit, S&P knew its ratings on mortgage bonds were too loose, proposed upgrading them in 2004—and then decided not to because it would hurt the bottom line, Fortune explains. The suit makes... More »

Consumer Confidence Soars Past Expectations

There's good housing news, too

(Newser) - Consumer confidence soared to a seven-month high, flying far above analyst expectations, according to a Conference Board report released today. The board's index came in at 70.3, up from 61.3 a month earlier. That's a whole heck of a lot better than the 63 that the... More »

Dow Plummets 200+ Points

Weak jobs report leads to market troubles

(Newser) - The Dow's gain for the year is gone, thanks to today's terrible jobs report . The Dow fell more than 200 points following the report, according to the AP . At 11am EDT, it was at 12,170, down 224 points. That's a loss of about 0.3% for... More »

S&P: We'll Likely Declare Greece in Default

As Greece struggles to restructure debt

(Newser) - Standard & Poor's will likely downgrade Greece's rating to "selective default" after its debt restructuring, the rating agency said at a Bloomberg event today—though it adds that the move might not destroy the European Union's credit. "It's not a given that Greece's... More »

S&P Lowers Belgium's Credit Rating

Cites 'protracted political uncertainty'

(Newser) - Standard & Poor's is lowering its long-term sovereign credit rating for Belgium, citing a threat to exports and the country's lack of a permanent government. In a sign that financial contagion is spreading across Europe, the agency cut Belgium's credit rating from AA+ to AA. Belgium has... More »

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