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Dow Dumps Bank of America, HP, Alcoa

Nike, Visa, and Goldman Sachs to replace them

(Newser) - The Dow Jones Industrial Average is ditching Hewlett-Packard, Bank of America, and Alcoa, it announced today, in what the Wall Street Journal is calling "the biggest shake-up of the 30-stock index in almost a decade." The Dow will add Nike, Visa, and Goldman Sachs to replace the three... More »

Google Applies to Buy, Sell Electricity

Search giant wants to tap the grid like a utility

(Newser) - Google has asked the Federal Energy Regulatory Commission for permission to become an “electricity marketer,” a designation that would allow it to buy and sell energy in bulk like a utility company. It’s an unorthodox move, but one Google says will help it power its sprawling operations... More »

Dow Up 85; Alcoa, Intel Rally

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
... More »

Dow Up 66 as Consumer Optimism Lifts Stocks

Retail sales beat expectations in November

(Newser) - Stocks ended today's session mixed, with the Dow posting solid gains. Alcoa saw a. 8% jump on an optimistic profit estimate by JPMorgan, and the University of Michigan/Reuters December consumer sentiment index beat expectations, the Wall Street Journal reports.
  • The Dow rose 65.67 points to close at 10,471.
... More »

Dow Up 61 on Strong Earnings

Weekly unemployment claims fall to lowest level since January

(Newser) - Stocks closed below their session highs but still finished in positive territory after Alcoa set a strong tone for the third-quarter earnings season. The firm posted a $77 million profit after the bell yesterday. Also helping was good news on the jobs front, with last week’s initial claims for... More »

Dow Slips 6 Ahead of Earnings Reports

Telecoms fall after FCC OKs internet calls on smartphones

(Newser) - Stocks ended mixed as traders await the beginning of the third-quarter earnings season, which kicks off with Alcoa’s report later today. Telecoms fell after the FCC chair said he would allow Internet-based phone calls on smartphones. AT&T was down 3.6%, while Verizon fell 2.7%. Amid light... More »

Dow Up 112 Ahead of 3Q Earnings

September strength in service sector gives stocks a boost

(Newser) - Stocks surged to gains late in the session today, as traders placed bets ahead of the third-quarter earnings season. Alcoa, which is expected to report a strong quarter, gained 4.6%. The ISM reported an upturn in the service sector in September—its index rose to 50.9, with a... More »

Dow Off 42, Wrapping Up Down Week for Stocks

Disappointing data drives indices lower; RIM falls 17.1%

(Newser) - Stocks fell today after reports of a smaller-than-expected rise in new home sales and a drop in orders for durable goods over the last month. Blue chips Alcoa, Amex, and Wal-Mart all fell at least 2%, and RIM dropped 17.1% after issuing a disappointing earnings forecast. The Dow dropped... More »

Dow Up 17 to End Best Month Since '02

Nasdaq falls in today's session, but enjoys big monthly gains

(Newser) - Data which showed a slowing pace of decline for US gross domestic products fueled modest advances in the markets today, with the Dow finishing its best month since October 2002, the Wall Street Journal reports. Bank of America and Alcoa paced advancers, and the Dow closed up 17.15 at... More »

Tech Snaps Nadaq's Streak; Dow Climbs 24

Amazon, Microsoft fall after weak earnings

(Newser) - The tech sector exerted downward pressure on stocks today, snapping the Nasdaq’s 12-day winning streak, the Wall Street Journal reports. Microsoft sank 8.9% after reporting a 29% drop in quarterly earnings, while Amazon fell 8.3% after also reporting a disappointing quarter. Alcoa, Pfizer, and Merck helped the... More »

Stocks Mixed; Dow Up 15

Investors show caution as 2nd-quarter earnings season beings

(Newser) - Stocks were mixed today as investors await companies' second-quarter reports. Shares of Alcoa, which kicks off the earnings season with a report after the close, fluctuated but closed slightly higher. The Dow finished up 15 points at 8,178, reports the Wall Street Journal. The Nasdaq gained 1 point to... More »

Dow Climbs 44; Oil Prices Fall

Investors await the arrival of 2nd-quarter earnings

(Newser) - Continued declines in oil and other commodities depressed equities today, but broad advances in health-care stocks offset them, the Wall Street Journal reports. Oil fell $1.58 to $64.08 a barrel and has dropped 8.4% since July 1. Many traders are holding off on big bets until the... More »

Banks, Energy Fall; Dow Off 201

Dow, S&P 500 now negative for 2009

(Newser) - A global rout in materials and energy stocks combined with a sell-off in financials to wreak havoc on US markets today, the Wall Street Journal reports. The Dow closed down 200.72 at 8,339.01. The Nasdaq lost 61.28, closing at 1,766.19, and the S&P... More »

Manufacturing Stats Send Dow Down 187

Manufacturing, housing demand reports disappoint

(Newser) - Stocks fell today as a sharp monthly decline in the New York Fed’s manufacturing index hammered the materials, industrial, and energy sectors, the Wall Street Journal reports. Alcoa fell 6.3%, with Caterpillar, John Deere, and GE also down. In housing, the National Association of Home Builders’ index of... More »

Dow Adds 19 on Housing News

(Newser) - Good news from the housing sector outweighed bank troubles today for Wall Street, the Journal reports. Manufacturer Alcoa tacked on 6%, and a housing-industry group said sales in April made the biggest jump in 8 years. Financials fell after more banks announced plans to pay back TARP loans through stock... More »

Dow Rallies on Housing; Up 214

Financials and materials firms gain on construction spending, existing home sales

(Newser) - Stocks rallied today on positive economic news, with the S&P 500 surpassing the psychologically significant 900 mark, the Wall Street Journal reports. Surges in construction spending and existing-home sales fueled investor optimism, with financials and materials firms pacing advances. The Dow rose 214.33 to close at 8,426.... More »

Industrials Fall; Dow Down 186

Earnings season has investors worried

(Newser) - Stocks dropped today as investors grew jittery over earnings season, the Wall Street Journal reports. Major industrial and commodities stocks saw declines ahead of Alcoa’s report, in which analysts expect a loss of 56 cents per share. Tech fell, too, with Research in Motion and Cisco dropping 6% and... More »

Worries Prevail, Dow Falls 42

Industrial, financial stocks pace declines

(Newser) - Stocks fell today, ending a 4-day winning streak for the Dow as worries about grim first-quarter earnings reports spooked investors, the Wall Street Journal reports. Alcoa, which will give its report tomorrow, fell 4.3%, as did Caterpillar, off 3.5%. The Dow fell 41.74 to close at 7,... More »

GM Plummets; Dow Down 254

Materials, banks see broad declines

(Newser) - Carmakers led stocks down today, after GM and Chrysler' reconstruction plans were rejected by the Obama administration, the Wall Street Journal reports. GM closed down 25%; parts and materials makers like Goodyear and Alcoa were also sharply lower, as were financials on continued uncertainty in that sector. The Dow fell... More »

Stocks Wave Off Housing Surge

(Newser) - Stocks settled into a holding pattern at the open today, as optimism over a rosy housing report was tempered by a dividend cut from Alcoa. Stocks vacillated between gains and losses, with the Dow recently down 28, while the S&P fell about 2 points and the Nasdaq rose 5.... More »

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