New York Stock Exchange

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Stocks Dip, Await Word From the Fed

Banks are hoping for an interest rate hike

(Newser) - US stocks finished an up-and-down day slightly lower as traders look ahead to this week's meeting of the Federal Reserve , reports the AP . Phone companies and health care stocks posted losses Monday, but banks ended modestly higher as traders hoped that higher interest rates would help them make more... More »

Hiring Slowdown Sends Stocks Higher

Investors hoping Federal Reserve keeps interest rates low

(Newser) - Stocks are closing higher as investors hope that a slowdown in hiring last month will prompt the Federal Reserve to keep interest rates low for longer, the AP reports. Utilities rose more than the rest of the market Friday. High-dividend stocks like utilities would benefit from low interest rates as... More »

US Stocks Eke Out Tiny Gains

The indexes saw gains of 0.1% or less

(Newser) - US stock indexes eked out tiny gains after spending much of Wednesday in the red, the AP reports. Investors sized up new data on the US manufacturing, housing, and automobile industries. Consumer staples companies led the gainers, while telecommunications stocks lagged the rest of the market. Automakers GM and Ford... More »

Despite Last-Day Drop, US Stocks Had a Nice May

Energy companies fell with the price of oil on Tuesday

(Newser) - US stock indexes struggled to a mixed close Tuesday as energy companies fell with the price of oil, overcoming gains in utilities and phone companies. Investors sold household goods makers after a report showed consumers are growing more worried about business and job market conditions. Stocks were lower for most... More »

Strong Job Gains Send US Stock Market Higher

Friday saw 2.1% increases for Nasdaq, Dow, and S&P500

(Newser) - The stock market had its biggest gain since September after the US government reported another solid month of job gains. The encouraging news on the economy Friday paved the way for the Federal Reserve to begin nudging interest rates back toward normal levels at its policy meeting later this month.... More »

Scarier Than CyberTerrorists? Sucky Software

Band-Aids on creaky infrastructures can hold them together for only so long

(Newser) - "Don't be scared. Don't even be worried." That was Felix Salmon's advice on Fusion after computer glitches darkened the New York Stock Exchange , took the Wall Street Journal offline, and grounded United flights . But today on Medium , Zeynep Tufekci writes that while she gets Salmon'... More »

Dow Falls 262 After Hours-Long Glitch

Still no clear explanation for today's halt in trading

(Newser) - The Dow closed a strange day down 262 points, reports TheStreet . The close came after the New York Stock Exchange resumed trading at 3:10 in the wake of an unprecedented delay of nearly four hours . The NYSE hasn't fully explained what happened, describing it as an internal technical... More »

'Roar' of Vaunted Trading Pits Fades Today

Most NY, Chicago futures pits to close for good

(Newser) - Pete Meegan had every intention of going back to college, but then he got a summer job in the Chicago trading pits and fell in love with the "roar" of the floor, the excitement of "4,000 people yelling, 'Buy! Buy! Buy!'" That roar will... More »

Medal of Honor Recipient Visits NYSE, Breaks Gavel

Staff Sgt. Ryan Pitts helped close down the exchange with a bang

(Newser) - On Monday, former Army Staff Sgt. Ryan Pitts walked up to President Obama, shook his hand, and humbly accepted his Medal of Honor . Obama might have gotten off lightly because yesterday Pitts used that same hand to close the New York Stock Exchange with its ceremonial gavel, and the gavel... More »

Dow Hits 16K for First Time

And S&P is trading above 1.8K

(Newser) - The Dow Jones Industrial Average crossed the 16,000 threshold this morning for the first time, with Boeing—bolstered by hefty 777X orders at the Dubai Airshow yesterday—acting as one of the day's biggest movers, reports the AP . The S&P 500, meanwhile, was trading above 1,800;... More »

It's Twitter IPO Day

Shares priced at $26, will start trading at 9:30am

(Newser) - At 9:30am today, Twitter starts trading on the New York Stock Exchange (ticker symbol: TWTR). The microblogging company priced shares at $26, which was higher than the expected $23 to $25 range and values the company at $18.34 billion—more than Macy's and Bed Bath & Beyond,... More »

Dow Jumps 200 on Deal Reports

Market breathes a sigh of relief

(Newser) - Investors sprang into action today on reports that a Senate deal to reopen the government and raise the debt limit "is in hand," sending stocks soaring. At one point the Dow was up as much as 200 points in midday trading, and as of 11:39am was still... More »

NYSE's 1st Female Member Dies at 80

Muriel 'Mickie' Siebert was also New York's 1st banking superintendent

(Newser) - Muriel "Mickie" Siebert, who started as a trainee on Wall Street and became the first woman to own a seat on the New York Stock Exchange, died Saturday of complications of cancer at age 80. Her death was confirmed by Jane Macon, a director of Siebert Financial, which Siebert... More »

Nasdaq Resumes Trading After Technical Glitch

Exchange was down about 3 hours

(Newser) - Nasdaq is back in business after an apparent technical glitch brought the exchange to a rare halt this afternoon for more than three hours, reports the Wall Street Journal . The exchange hasn't fully explained what happened, but trading of all Nasdaq securities ground to a halt just after noon... More »

NYSE to Buy Scandal-Plagued Libor

But UK will still regulate it

(Newser) - Hey buddy, wanna buy a disgraced financial metric? Because the New York Stock Exchange does. It's struck a deal to buy Libor, the benchmark for global short-term interest rates that became synonymous in recent years with complex stories about financial skullduggery thanks to a scandal in which the world'... More »

NSA: Spying Foiled Stock Exchange Bomb Plot

Agency defends itself in congressional hearing

(Newser) - The NSA's controversial spying activities have prevented more than 50 terror attacks since 9/11, the agency's director told the House Intelligence Committee today, including attempted bombings of the New York Stock Exchange and, as previously disclosed , the New York City Subway. Gen. Keith Alexander said he'd go... More »

Dow Cracks 14,000

Psychological threshold passed for first time since 2007

(Newser) - The Dow Jones Industrial Average hit a major psychological milestone today, cracking 14,000 for the first time since the financial crisis, CNBC reports. The move lasted only for a moment—seconds later it had pulled back below the threshold—but the Dow is still trading more than 100 points... More »

NYSE Sells to Rival Exchange for $8.2B

Iconic 220-year-old exchange sells to competitor

(Newser) - InterContinentalExchange Inc. has agreed to buy NYSE Euronext, the company that owns the New York Stock Exchange, for $8.2 billion, the two companies announced this morning. ICE, an Atlanta-based commodity exchange, says it intends to leave the NYSE's branding alone, and would explore an IPO for Euronext, spinning... More »

NYSE Testing Hurricane Contingency Plan

And denies reports that the exchange had flooded overnight

(Newser) - As the New York Stock Exchange remains closed for a second day today, US stock exchange operators are testing a new “precautionary” contingency strategy this morning with an eye toward restarting trading again this week. The plan involves the NYSE and the smaller NYSE MKT staying closed, as the... More »

Sandy May Delay October Jobs Report

GOP cries foul, Labor Dept. says it's working hard to avoid it

(Newser) - The Labor Department started a brief uproar today when it said it might have to put off releasing Friday's jobs report for October because of Hurricane Sandy. That sent off a firestorm among conservative pundits, who sensed an election ploy, Politico reports. Breitbart News' editor-at-large said it would be... More »

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