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July 24, 2008 1:26:09 PM CDT

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Stories related to: stock market

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  • August 2007

    • Markets Jump on Fed Move

      newser  |  Wall Street Journal  |  Aug 17, 07 10:04 AM CDT

      Markets Jump on Fed Move

      Stocks rallied in early trading today after the Federal Reserve shaved a half-point off of one of its key interest rates, the Wall Street Journal reports. The Dow initially shot up more than 300 points; after settling some, it was up 150.46 by midmorning. European stocks were buoyed as well, with London's FTSE 100 jumping 2.1% after a disastrous plunge yesterday. More »

      Tags

      stock market  • Federal Reserve  • stocks  • markets  • New York Stock Exchange  • FTSE

    • Stocks Seesaw as Credit Crisis Deepens

      newser  |  Wall Street Journal  |  Aug 16, 07 3:35 PM CDT

      Stocks Seesaw as Credit Crisis Deepens

      The Dow closed down 15.69 at 12845.78 today, after plummeting 343 points in early morning trading on fears the credit debacle was spilling into the larger market. Investors continued to fret about the rising yen and nervous foreign markets, but rumors that the Fed would cut interest rates continued to percolate late into the day, despite contrary hints from Ben Bernanke. More »

      Tags

      stock market  • S&P 500  • Dow Jones Industrial Average  • Bear Stearns  • stocks  • NASDAQ

    • Market Opens Sharply Down

      newser  |  Bloomberg  |  Aug 16, 07 10:18 AM CDT

      Market Opens Sharply Down

      US stocks dipped this morning, following steep declines in Europe and Asia as distress over the expanding credit crisis heightened. The Dow Jones sank over 100 points this morning, and the S&P was off nearly 0.8% after erasing its entire year's gains yesterday. "Everyone is waiting for the other shoe to drop,'' said an investment strategist. More »

      Tags

      US economy  • stock market  • subprime mortgages  • Federal Reserve  • credit crisis  • business  • Henry Paulson  • interest rate  • shares  • yen

    • Loan Giant Downgraded to 'Sell,' Faces Bankruptcy

      newser  |  Los Angeles Times  |  Aug 16, 07 7:44 AM CDT

      Loan Giant Downgraded to 'Sell,' Faces Bankruptcy

      Loan giant Countrywide saw its shares plummet 13% yesterday after the company experienced trouble borrowing money in the market for short-term debt. A Merrill Lynch analyst downgraded the stock from "buy" to "sell," sparking talk of possible bankruptcy, reports the LA Times . Before today's open, the company announced it's drawing on $11.6 billion in unsecured lines of credit. More »

      Tags

      US economy  • stock market  • subprime mortgages  • Merrill Lynch  • credit market  • bankruptcy  • home loans  • Countrywide  • loans

    • European Markets Dive

      newser  |  Guardian (UK)  |  Aug 16, 07 7:22 AM CDT

      European Markets Dive

      European markets took a dive this morning—after the Dow's plunge yesterday and the overnight collapse of Asian stocks. London's FTSE 100 index has fallen below 6,000, its lowest level since last October. London weathered the storm yesterday, but had nowhere to run today, the Guardian reported, as the credit crisis continues to widen. Markets in Frankfurt, Paris, Madrid, and Stockholm all also fell. More »

      Tags

      subprime mortgages  • stock market  • Dow Jones  • Europe  • Henry Paulson  • markets  • FTSE 100

    • 'Blood Hits Streets' as Asian Markets Plunge

      newser  |  Reuters  |  Aug 16, 07 4:42 AM CDT

      'Blood Hits Streets' as Asian Markets Plunge

      Asian stock markets continued to slide today, pounded by fears of a global credit squeeze, recording their most precipitous drop in five years, Reuters reports. South Korea's Kospi index skidded 6.9 percent as major corporations and financial institutions took horrific beatings. Australia's Rams Home Loans Group revealed it can't refinance $5 billion of debt, and Toyota, Samsung and the Japanese Bank Mizuho suffered major falls. More »

      Tags

      stock market  • Toyota  • Asian markets  • Asia  • Samsung  • global credit  • Kospi index

    • Stocks Drop, Market Awaits Fed Cuts

      newser  |  Wall Street Journal  |  Aug 15, 07 4:18 PM CDT

      Stocks Drop, Market Awaits Fed Cuts

      Major indexes sank again after a volatile day, as analysts continue to speculate on a possible interest-rate cut. The New York Fed put about $7 billion into the system with an overnight repurchase agreement, which put an early bounce in the Dow before it lost 167.45 later in the day to close below its historic 13,000-point benchmark at 12861.47, mainly on credit jitters that bled into Asian markets overnight. More »

      Tags

      stock market  • subprime mortgages  • Federal Reserve  • Nasdaq  • Asian markets  • markets

    • Risk-Averse Euro Markets Retreat

      newser  |  Bloomberg  |  Aug 15, 07 7:42 AM CDT

      Risk-Averse Euro Markets Retreat

      European markets plunged today over worries about the spreading subprime mortgage crisis. Analysts downgraded UBS and Deutsche Bank, which dropped, and all 14 open Western European exchanges lost ground, echoing the Asian markets' earlier retreat. "There's a lot of uncertainty about what's going on and who has lost money from the credit-market debacle," says a Swiss strategist. More »

      Tags

      stock market  • subprime mortgages  • Asian markets  • UBS  • Deutsche Bank  • European markets  • Credit Suisse

    • Stocks Take Another Tumble

      newser  |  Wall Street Journal  |  Aug 14, 07 3:50 PM CDT

      Stocks Take Another Tumble

      The markets lost again today, as a small cash manager’s move to halt investor pullouts agitated fears about liquidity, as well as deeper jitters over mortgage woes seeping into credit markets. The Dow fell 207.61 points to 13028.92, dragged down heavily by two major retail components, Wal-Mart and Home Depot, which both released anemic numbers. More »

      Tags

      stock market  • subprime mortgages  • S&P 500  • Nasdaq  • Wal-Mart  • markets  • Home Depot  • trade deficit

    • Weak Wal-Mart Profits Turn Smiles Upside-Down

      newser  |  Bloomberg  |  Aug 14, 07 10:28 AM CDT

      Weak Wal-Mart Profits Turn Smiles Upside-Down

      Wal-Mart stock saw its biggest dip in five years in early trading this morning, after Q2 profits rose less than analysts had expected. The Arkansas-based behemoth says full-year profit will total $3.13 a share, 3 cents lighter than its projections: Bloomberg reports that surging gas prices, faltering home sales and steepening mortgage rates kept customers out of the retailer's labyrinthine isles. More »

      Tags

      stock market  • gas prices  • Wal-Mart  • stocks  • retail  • consumer  • shares  • spending  • mortgage rates  • H. Lee Scott

    • Obscure Rule Change Blamed for Wild Market

      newser  |  Wall Street Journal  |  Aug 14, 07 1:22 AM CDT

      Obscure Rule Change Blamed for Wild Market

      A change in an arcane rule governing stock trading is being blamed for some of the recent volatility in the stock market, the Wall Street Journal reports. For more than 75 years, the "downtick rule" prevented traders from shorting a stock as the price fell. Its repeal last month coincided with some wild swings in the market. More »

      Tags

      stock market  • Federal Reserve  • SEC  • short selling

    • Market Sinks After Tech Rally Shuts Down

      newser  |  Bloomberg  |  Aug 13, 07 4:58 PM CDT

      Market Sinks After Tech Rally Shuts Down

      The tech sector boomed early today, but couldn’t save the market from bank and energy woes at day’s end. Declines in MBIA, Exxon and Home Depot shares helped to erase early gains on the Nasdaq and S&P, and the bankruptcy of Aegis Mortgage Corp. renewed financing worries, Bloomberg reports. More »

      Tags

      stock market  • subprime mortgages  • Nasdaq  • Dow Jones  • stocks  • Home Depot  • Exxon  • MBIA

    • Japan Pumps Cash Into Market

      newser  |  Bloomberg  |  Aug 13, 07 12:16 AM CDT

      Japan Pumps Cash Into Market

      The Bank of Japan pumped $5.1 billion into the Japanese financial system today as the  global credit crunch continued to ripple through the Asian markets, Bloomberg reports. Adding to the jitters, Japan's growth is slowing more markedly than economists predicted; the world's second-largest economy expanded by only 0.5% in the last quarter, compared to 3.2% the previous quarter. More »

      Tags

      subprime mortgages  • stock market  • Japan  • finance  • Bank of America  • Asian markets  • GDP  • Nikkei  • Japanese economy  • Bank of Japan  • global credit

    • Markets Cling to Stable Condition

      newser  |  Wall Street Journal  |  Aug 10, 07 3:33 PM CDT

      Markets Cling to Stable Condition

      Major US indexes reeled today, after a wild seesaw session in which a Fed bailout rescued Wall Street from a veritginous selloff this morning. The Dow closed at 13239.54, down 31.14, after initial rumors of a broad but blurry liquidity crisis crashed it over 100 points in early trading. The Nasdaq fell 11.60 to close at 2544.89; the S&P was off 2.40 at 1455.50. More »

      Tags

      stock market  • subprime mortgages  • Federal Reserve  • S&P 500  • Nasdaq  • Dow Jones  • credit market  • Countrywide Financial

    • US Stocks Plunge at Open

      newser  |  Reuters  |  Aug 10, 07 9:36 AM CDT

      US Stocks Plunge at Open

      Uncertainty ruled Wall Street and the global markets today, with the Dow skidding over 100 points at the open 1 day after the second-largest decline of the year. Central banks around the world acted to stem the unrest that continues to accompany the widening subprime mortgage crisis, but big-picture machinations weren't filtering down to the floor, one trader told Reuters. More »

      Tags

      stock market  • subprime mortgages  • Nasdaq  • Dow Jones Industrial Average  • stocks  • global market

    • Techs Surge Despite Late Drop

      newser  |  Wall Street Journal  |  Aug 8, 07 4:46 PM CDT

      Techs Surge Despite Late Drop

      The major indexes were up again today, buoyed by the tech sector as the Nasdaq gained 51.38—more than 2%—to close at 2612.98. Losses just before the bell came close to erasing earlier gains, as rumors amplified that Goldman Sachs would liquidate a major fund and that Fannie Mae and Freddie Mac wouldn’t get regulatory permission to buy mortgage loans. More »

      Tags

      stock market  • subprime mortgages  • Bear Stearns  • Goldman Sachs  • Fannie Mae  • Freddie Mac  • Countrywide Financial  • Cisco

    • Exit Scrambles Fidelity Succession Picture

      newser  |  Wall Street Journal  |  Aug 8, 07 10:33 AM CDT

      Exit Scrambles Fidelity Succession Picture

      A top Fidelity Investments exec has resigned her post, reigniting speculation about the closely held firm's line of succession, reports the Wall Street Journal . Ellyn McColgan, 53, who was president of a division of the largest American mutual-fund company, was seen as a front-runner in the race to succeed 77-year-old Ned Johnson. More »

      Tags

      stock market  • business  • investments  • mutual funds  • Fidelity

    • Market Rallies After Fed Rollercoaster

      newser  |  Bloomberg  |  Aug 7, 07 4:32 PM CDT

      Market Rallies After Fed Rollercoaster

      Stocks were up across the board today after the Fed expressed confidence that “moderate” expansion would continue, countering fears that the subprime fiasco will bleed further into the broader market. The Dow was down more than 100 points immediately after the decision as traders scrambled to decode it, but closed up 35.52, at 13,504.30 More »

      Tags

      stock market  • subprime mortgages  • S&P 500  • Nasdaq  • Dow Jones  • Citigroup  • AIG  • Exxon

    • Dow Sees Biggest Gain in 5 Years Before Fed Meeting

      newser  |  Wall Street Journal  |  Aug 6, 07 3:58 PM CDT

      Dow Sees Biggest Gain in 5 Years Before Fed Meeting

      US stocks posted major gains after three straight weeks in the red, as blue chips advanced cautiously in the wake of last week's selloff. The Dow was up 286.87 to 13468.78, its best close since October, 2002, mainly following long-suffering financial companies. Merrill Lynch got a boost from a UBS upgrade; Citigroup and Wells Fargo also gained, after last week's bloodletting under the subprime scalpel. More »

      Tags

      stock market  • Federal Reserve  • S&P 500  • Nasdaq  • Dow Jones  • finance

    • Stocks Plunge as Credit Outlook Worsens

      newser  |  Bloomberg  |  Aug 3, 07 3:44 PM CDT

      Stocks Plunge as Credit Outlook Worsens

      After two straight days of gains and a steady morning the Dow plummeted in a selloff late this afternoon, losing 2% of its value to close at 13179.71, down 283.62. Bear Stearns lost big after Standard and Poors downgraded the subprime-laden i-bank from "stable" to "negative," stirring more worries over the deeply troubled credit market. Financial stocks followed expeditiously: Lehman brothers lost almost 8%. More »

      Tags

      stock market  • S&P 500  • Nasdaq  • Dow Jones Industrial Average  • Bear Stearns  • stocks  • crude oil  • New York Stock Exchange

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