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Stories related to: Dow Jones

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  • November 2007

    • Murdoch Axing Journal's Website Fees

      Associated Press  |  Nov 13, 07 2:45 PM CST

      Murdoch Axing Journal's Website Fees

      (Newser) - Rupert Murdoch announced today that he intends to remove the Wall Street Journal 's subscription-based system, making the entirety of the site free in a bid to attract enhanced ad revenues, the AP reports. WSJ.com is currently one of the few news sites successfully running a subscription model, with about 1 million subscribers generating $50 million in fees. More »

      Tags

      Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal

    • Dow Dips Below 13K

      Wall Street Journal  |  Nov 12, 07 3:38 PM CST

      Dow Dips Below 13K

      (Newser) - The Dow closed below 13,000 today after seesawing on bad news from the financial sector and falling oil prices. The Dow finished at 12,987.55, down 55.19, after E*Trade said further mortgage-related write-downs might come—and its shares dropped 56%. The Nasdaq slid 43.81 to close at 2,584.13, and the S&P 500 dropped 14.52 to 1,439.18. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • Citigroup  • mortgage  • JPMorgan Chase  • Bank of America  • OPEC  • E Trade  • Blackstone

    • Dow Sheds 223, Flirts With 13K

      Bloomberg  |  Nov 9, 07 3:44 PM CST

      Dow Sheds 223, Flirts With 13K

      (Newser) - The Dow dove 223.55 today to 13,042.74, its lowest close in 2 months, as investors reacted to rough news about tech and retail stocks. The S&P 500 wrapped up its its worst 3-day fall since January 2003, losing 21.07 to close at 1,453.70, and the Nasdaq dropped 68.06, finishing at 2,627.94. More »

      Tags

      Google  • Apple  • S&P 500  • Nasdaq  • Dow Jones  • earnings reports  • Target  • Macy's  • tech sector  • Qualcomm

    • Stocks Edge Up on Mixed Day

      Wall Street Journal  |  Nov 2, 07 3:34 PM CDT

      Stocks Edge Up on Mixed Day

      (Newser) - The major indexes saw small gains today despite turmoil in the financial sector and skepticism about a positive jobs report.  The Dow climbed 27.23 points to 13,595.10, the Nasdaq added 15.55 to close at 2,810.38, and the S&P 500 gained 1.21 to 1,509.65. Merrill Lynch nosedived 10% on the Journal ’s report of hedge fund dealings meant to postpone revealing the extent of losses in mortgage-related securities. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • Merrill Lynch  • Morgan Stanley  • job  • financial sector

  • October 2007

    • Journal Deal Raises Red Flag With FCC

      Broadcasting & Cable  |  Oct 26, 07 1:47 PM CDT

      Journal Deal Raises Red Flag With FCC

      (Newser) - FCC commissioner Michael Copps would like to toss a monkey wrench into News Corp.’s Dow Jones takeover, Broadcasting & Cable reports. Copps, a Democrat, yesterday called for an inquiry to determine whether the deal suits the public interest and whether current rules sufficiently cover the situation. Chairman Kevin Martin would need to open the inquiry. More »

      Tags

      television  • Dow Jones  • Rupert Murdoch  • News Corp  • FCC  • Wall Street Journal  • newspaper  • Fox

    • Can 1987's Black Monday Happen Again?

      MSNBC  |  Oct 16, 07 7:49 PM CDT

      Can 1987's Black Monday Happen Again?

      (Newser) - Twenty years ago, Black Monday—now, the credit crunch. Haven’t we learned a thing? Yes and no, says MSNBC: Today, "circuit breakers" make a 1987-style sell-off unlikely by cutting off trading at certain limits. And new, tighter mortgage standards will keep credit under control. But greed and fear will again find ways to rock the marketplace. More »

      Tags

      stock market  • Dow Jones  • hedge fund  • Black Monday  • panic

    • Stocks Slide on Earnings Angst

      Bloomberg  |  Oct 10, 07 4:06 PM CDT

      Stocks Slide on Earnings Angst

      (Newser) - The Dow had its biggest fall in a month today, as investors showed anxiety over third-quarter earnings. The key index dropped 85.84 points from yesterday's record high to 14,078.69, after aluminum maker Alcoa announced a sales slippage of 3.2%. Boeing contributed to the bearish day with a 2.7% loss, Bloomberg reports, after it pushed back delivery of its much-delayed 787 Dreamliner for 6 more months. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • energy  • Boeing  • earnings reports  • Alcoa

    • Fed News Boosts Dow to Record

      Wall Street Journal  |  Oct 9, 07 3:45 PM CDT

      Fed News Boosts Dow to Record

      (Newser) - The markets spiked to record highs today after the Fed released minutes from its critical September meeting that revealed unanimous consent for the large interest rate cuts. The Dow climbed 120.80 points to close at an all-time high of 14,164.53. One economist told the Journal, “Just seeing that the Fed feels your pain is worth something.”  More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • US dollar  • earnings reports  • Alcoa  • Fed

    • Stocks Dip on Bad Oil News

      Bloomberg  |  Oct 8, 07 3:40 PM CDT

      Stocks Dip on Bad Oil News

      (Newser) - Stocks fell today as oil producers and miners faced fears a slow economy would hamper demand. Crude dropped as low as $78.98 as Columbus Day brought the slowest trading session of the year; the Dow closed at 14,043.73, down 22.28. Exxon and Occidental both saw declines, and copper led tin, lead, aluminum, and nickel into negative territory, Bloomberg reports. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • crude oil  • miners  • Alcoa  • Exxon  • quarterly reports

    • Economy Slows, Stocks Surge: What Gives?

      Washington Post  |  Oct 6, 07 6:54 PM CDT

      Economy Slows, Stocks Surge: What Gives?

      (Newser) - Stocks are surging while classic indicators are signaling slump — so what gives? The answer, reports the Washington Post , lies in a bright jobs report and spiking Standard & Poor's 500-stock index. Backers are dissing the bad news as fast as they can finance, says the Post : "Call them the Teflon investors."   More »

    • Jobs Stats Propel Markets

      Wall Street Journal  |  Oct 5, 07 3:55 PM CDT

      Jobs Stats Propel Markets

      (Newser) - The Dow and the S&P each set intraday records after today’s unexpectedly good jobs news, and the Nasdaq hit a 7-year high. The Dow closed at 14,066.01, up 91.70 points, and the S&P climbed 14.75 to 1,557.59 after indications that a full-on recession would be avoided. The Nasdaq finished at 2,780.32, up 46.75. More »

      Tags

      Google  • S&P 500  • Nasdaq  • recession  • Dow Jones  • BlackBerry  • job  • Research in Motion  • tech sector

    • Market Rises on Strong Jobs Report

      Bloomberg  |  Oct 5, 07 10:08 AM CDT

      Market Rises on Strong Jobs Report

      (Newser) - Stocks surged this morning after a highly anticipated jobs report came back reassuringly strong, with 110,000 US workers gaining jobs in September. At the same time, the upsetting August jobs loss—which fueled rampant recession fears—was revised to a gain of 89,000. Growth exceeded expectations among economists polled by Bloomberg, who had estimated 100,000 new jobs.  At 11am EDT the Dow was up 51.46 to 14,025.77, the Nasdaq 23.76 to 2,757.33 and the S&P 8.58 to 1,551.42. More »

      Tags

      Nasdaq  • Dow Jones  • job  • General Electric  • Labor Department  • Alcoa  • school holidays

    • Dow Flat, Awaiting Jobs Stats

      MarketWatch  |  Oct 4, 07 3:39 PM CDT

      Dow Flat, Awaiting Jobs Stats

      (Newser) - The stock market held steady today, as neither a drop in factory orders nor a rise in unemployment claims rattled investors bracing for tomorrow’s crucial jobs report—which could help spur the Fed’s next interest rate move. The Dow was up 6.26 points to 13,974.31, as financial, telecom and health care rose, while technology and energy fell, MarketWatch reports. The Nasdaq climbed 4.14 to 2,733.57 and the S&P gained 3.25 to 1,542.84. More »

      Tags

      S&P 500  • Nasdaq  • recession  • Dow Jones  • unemployment benefits  • factory

    • Market Down, But News Is Good

      Wall Street Journal  |  Oct 3, 07 3:48 PM CDT

      Market Down, But News Is Good

      (Newser) - Stocks fell today as the tech sector dragged the Dow down 79.26 points to 13,968.05—but the mood was upbeat nonetheless, as a jobs survey fueled hopes  that payrolls began to rebound in September. All eyes are on a key hiring report coming out Friday; good news would solidify confidence that the credit crunch is finally easing. "People are posturing for the big payroll report," one analyst told the Wall Street Journal . "If jobs are OK and the consumer stays strong, the worst may be behind us." More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • Intel  • home builders  • Micron Technology

    • Dow Dips on Monday Overreach

      MarketWatch  |  Oct 2, 07 3:53 PM CDT

      Dow Dips on Monday Overreach

      (Newser) - The market was mostly down today, after investors corrected for yesterday’s record-breaking spike, and a new drop in a home-sales index stirred mortgage anxieties. The Dow dipped 40.24 points to 14,047.31, with one strategist telling MarketWatch, “The fundamental news didn’t warrant the rally.” Still, the reaction was muted, given news of a 6.5% slide last month in the pending home sales index, which hit its lowest mark since it was first tallied in 2001. More »

      Tags

      S&P 500  • Nasdaq  • housing market  • Dow Jones  • General Motors  • Ford  • Toyota  • National Association of Realtors

    • Dow Breaks 14,000 for 2nd Time

      Wall Street Journal  |  Oct 1, 07 3:53 PM CDT

      Dow Breaks 14,000 for 2nd Time

      (Newser) - Citigroup and UBS warned of steep third quarter declines today, and the Dow responded by jumping 191.92 points—reacting to new clarity in an uncertain market, the Wall Street Journal reports. The index hit an intraday record—14,091.53—before closing at 14,087.55, only the second time the 14,000 barrier has been broken. One UBS officer said tensions were cooling as the market “loses fear of the unknown.” More »

      Tags

      subprime mortgages  • S&P 500  • Nasdaq  • Dow Jones  • Citigroup  • UBS

  • September 2007

    • Stocks Dip on Mortgage Fears

      Bloomberg  |  Sep 28, 07 3:22 PM CDT

      Stocks Dip on Mortgage Fears

      (Newser) - The markets dropped today on news that mortgage defaults last month climbed 30% from a year earlier, more evidence that foreclosures are on the rise. Wells Fargo and Washington Mutual tumbled, and the Dow dipped 17.31 to 13,895.63. Stocks bottomed out after a Fed official said players shouldn’t “bake into the cake” future rate cuts, Bloomberg reports. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • foreclosure  • Medicare  • Wells Fargo  • Washington Mutual  • Fed

    • Stocks Climb on Rate-Cut Hype

      Bloomberg  |  Sep 27, 07 3:51 PM CDT

      Stocks Climb on Rate-Cut Hype

      (Newser) - The stock market rose for a second day as a weak new-home-sales report added energy to speculation that the Fed will slash rates again next month; Bloomberg puts the odds of a quarter-point cut at 88%. The S&P added 5.96 to reach 1,531.38, climbing within 1.5% of a record. The Dow added 34.79 to 13,912.94, within 0.7% of a new record. And the Nasdaq rose 10.56 to close at 2,709.59. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • interest rate  • unemployment benefits  • Fed

    • Stocks Rise on Buffett Rumor

      Bloomberg  |  Sep 26, 07 3:46 PM CDT

      Stocks Rise on Buffett Rumor

      (Newser) - The Dow climbed 99.5 points today on the strength of the GM settlement and speculation that billionaire Warren Buffett might buy 20% of beleaguered Bear Stearns. The brokerage helped spur the biggest gain in a week, jumping 7.7% after the Buffett story circulated. Said a trader, “You can’t go wrong with a guy like that behind you.” GM surged 9.4% after settling its contract with the UAW, Bloomberg reports. More »

      Tags

      Federal Reserve  • S&P 500  • Nasdaq  • Dow Jones  • General Motors  • Bear Stearns  • Merrill Lynch  • United Auto Workers  • Warren Buffett  • Berkshire Hathaway

    • Stocks Edge Up in Balancing Act

      MarketWatch  |  Sep 25, 07 3:44 PM CDT

      Stocks Edge Up in Balancing Act

      (Newser) - Stocks rose slightly today as retail woes were somewhat offset by August home sales that outperformed expectations, MarketWatch reports. Led by Microsoft, which rode the release of “Halo 3” to a 1.5% jump, the Dow climbed 19.59 to 13,778.65. The S&P dipped 0.52 to 1,517.21, and the Nasdaq closed at 2,683.45, up 15.50. More »

      Tags

      Microsoft  • stock market  • S&P 500  • Nasdaq  • Dow Jones  • Wal-Mart  • consumer confidence  • Target  • Home Depot  • Halo 3  • Fed

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