MARKETS
Drop in jobless claims encourages investors, but it's a 'one-story market'
Wall Street Journal May 22, 08 3:35 PM CDT
(Newser)
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Stocks eked out small gains after two days of big losses as surging oil pulled back from a new record of $135 per barrel to $131.79, the Wall Street Journal reports. The Dow rose 24.43, closing at 12,625.62, while the Nasdaq climbed 16.31 to settle at 2,464,58. The S&P 500 rose 3.64, finishing the session at 1,384.35.
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MARKETS
Fed minutes confirm expectations of higer inflation, slower growth
Wall Street Journal May 21, 08 3:37 PM CDT
(Newser)
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Oil prices kept on pummeling the markets today, and minutes from the Fed's most recent meeting confirmed warnings of higher inflation and lower growth—signaling a pause in rate cuts. "The rise in energy products is going to be the knell for consumer spending," one analyst tells the Wall Street Journal . The Dow ended down 227.49 to 12,601.19, the Nasdaq fell 43.99 to 2,448.27, and the S&P dropped 22.69 to 1,390.71.
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MARKETS
Researcher: 'All the long-term indicators we look at are sending a bearish message'
Wall Street Journal May 20, 08 3:27 PM CDT
(Newser)
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The Dow plunged nearly 200 points today as markets were swamped by soaring oil prices and inflation fears. "All the long-term indicators we look at are sending a bearish message," an investment researcher told the Wall Street Journal . The Dow ended down 199.48 to 12,828.68, the Nasdaq down 23.83 to 2,492.26, and the S&P down 13.23 to 1,413.40.
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MARKETS
Stocks end mixed as oil sets a record
Wall Street Journal May 19, 08 3:34 PM CDT
(Newser)
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Stocks ended mixed today, as an early rally slipped away and oil prices hit yet another record. "There are still a lot of reasons you wouldn't want to touch the market with a 10-foot pole right now," one trader told the Wall Street Journal . The Dow ended up 41.36 at 13,028.16, the Nasdaq down 12.76 at 2,516.09, and the S&P 500 up 1.28 at 1,426.63 .
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MARKETS
Consumer-price data better than expected
Wall Street Journal May 14, 08 3:38 PM CDT
(Newser)
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Stocks were up today on consumer price data showing lower-than expected inflation and on declining oil prices. A Labor Department report showed the CPI rose only 0.2% in April, reports the Wall Street Journal . The Dow ended up 65.71 to 12,897.89, the Nasdaq rose 1.58 to 2,496.70, and the S&P rose 5.56 to 1,408.6.
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Fed's actions key strong economic reports, signs of market recovery
Wall Street Journal May 14, 08 9:50 AM CDT
(Newser)
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A growing number of economists are saying, cautiously, that the US might have pulled back from the brink of recession, the Wall Street Journal reports. The experts credit swift action by the Federal Reserve to lower interest rates and save Bear Stearns in March, and even the ongoing distribution of fiscal-stimulus checks, as catalysts for the detour.
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MARKETS
Mixed data on consumer spending leave investors cautious
Wall Street Journal May 13, 08 3:35 PM CDT
(Newser)
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Stocks ended mostly down today as the price of oil resumed its steady rally. Crude has gained in seven of the eight last sessions, reports the Wall Street Journal . "It just keeps surprising us," said one floor trader. The Dow ended down 44.13 at 12,832.18, the Nasdaq up 6.63 at 2,495.12, and the S&P 500 down 0.54 at 1,403.04.
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MARKETS
China quake contributes to softening demand
Wall Street Journal May 12, 08 3:38 PM CDT
(Newser)
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Stocks jumped today on an unusual pullback of crude prices, overcoming weak quarterly reports from bond insurer MBIA and other financials. The price drop cheered investors worried about oil's effect on consumer spending, the Wall Street Journal reports. The Dow ended up 130.43 to 12,876.31, the Nasdaq up 42.97 to 2,488.49, and the S&P up 15.30 to 1,403.58.
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MARKETS
Investors worry about impact on consumers
Wall Street Journal May 7, 08 3:44 PM CDT
(Newser)
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Stocks zoomed downward today as oil topped $123 a barrel, hastening a sell-off by anxious investors. "You can still get a lot of nervousness when they see these daily moves in crude, along with follow-through in the stock market," an analyst tells the Wall Street Journal . The Dow ended down 206.48 to 12,814.35, the Nasdaq 44.82 to 2,438.49, and the S&P 25.69 to 1,392.57.
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MARKETS
Markets make modest gains, led by energy sector
Wall Street Journal May 6, 08 3:30 PM CDT
(Newser)
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Stocks rallied and recorded modest gains today after initially falling on on bad news from Fannie Mae. But analysts cautioned against excessive optimism. "The fact that we're not imploding doesn't me that we're OK," a strategist told the Wall Street Journal . The Dow ended up 51.29 at 13,020.83, the Nasdaq 19.19 at 2,483.31, and the S&P 500 10.77 at 1,418.26.
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MARKETS
Investors cautious on new developments
Wall Street Journal May 5, 08 3:32 PM CDT
(Newser)
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Stocks fell today as Yahoo shares plummeted 16% and crude prices jumped past $120 a barrel. "People have gotten in, but they don't want to be in a big way," a investment officer told the Wall Street Journal . The Dow fell 88.66 at 12,969.54, the Nasdaq 12.87 to 2,464.12, and the S&P 500 6.41 at 1,407.49.
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As stocks rise, analysts' outlooks improve
New York Times May 2, 08 9:51 AM CDT
(Newser)
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Despite economic gloom spreading along Main Street, things on Wall Street are perking up, the New York Times reports—enough that analysts see a glimmer of hope for a turnaround beginning this year. The stock market rebounded almost 11% in recent weeks, junk bonds and other risky securities are rallying.
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MARKETS
Stocks end down thanks to nervous investors
Wall Street Journal Apr 30, 08 3:38 PM CDT
(Newser)
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News of today's Fed interest-rate cut swept away a market rally, and stocks ended down. Language in the Fed statement indicating that further trims were unlikely spooked investors, the Wall Street Journal reports, though that news was expected. The Dow ended down 11.81 to 12,820.13; the Nasdaq was off 13.30 to 2,412.80; and the S&P down 5.35 to 1,385.59.
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MARKETS
Bad economic news takes its toll
Wall Street Journal Apr 29, 08 3:36 PM CDT
(Newser)
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Stocks ended mixed but mostly down today as cautious investors digested bad economic news while the Fed met, presumably to discuss further rate cuts. "In many ways, the economy seems fundamentally weaker now" than during the last official recession in 2001, an economist told the Wall Street Journal . The Dow ended down 39.81 at 12,831.94, the Nasdaq up 1.70 at 2,426.10, and the S&P 500 down 5.43 at 1,390.94.
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MARKETS
Will the Fed cut rates, and by how much?
Wall Street Journal Apr 28, 08 3:46 PM CDT
(Newser)
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Stocks ended mixed today as concerns that the Fed might not cut rates at this week's meeting overwhelmed earlier gains that followed announcements of big deals, reports the Wall Street Journal . The Dow ended down 20.11 at 12,871.75, the Nasdaq up 1.47 at 2,424.40, and the S&P 500 down 1.47 at 1,396.37.
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