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THURSDAY, JANUARY 8, 2009
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MARKETS
On Mixed News, Modest Gains
Crude falls, durable goods rise, but foreclosures also climb
MarketWatch Jul 25, 08 3:33 PM CDT
(Newser)
- The Dow and S&P 500 seesawed to minor gains today amid mixed economic reports, MarketWatch reports. The Dow rose 21.41 to 11,370.69, the S&P 500 5.22 to 1,257.76. Bolstered by the relative insulation from the economic slump enjoyed by tech stocks , the Nasdaq gained 30.42 to close at 2,310.53.
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durable goods
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Standard and Poor
MARKETS
Housing, Labor Pummel Stocks
Bleak economic reports and some poor earnings make for steady losses
Wall Street Journal Jul 24, 08 3:29 PM CDT
(Newser)
- Stocks saw big losses today as bad news on housing and employment soured investors’ hopes of a looming economic turnaround, the Wall Street Journal reports. The Dow fell 283.10—a 2.43% drop—to close at 11,349.28; the Nasdaq shed 45.77, to 2,280.11; and the S&P 500 lost 29.65, closing at 1,252.54.
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MARKETS
Mixed News Keeps Gains Slim
Markets absorb gloomy Fed data and continued oil drop
Wall Street Journal Jul 23, 08 3:15 PM CDT
(Newser)
- The markets pared earlier gains to end just slightly positive today, amid mixed earnings reports and a gloomy-but-expected Federal Reserve data on the US economy, the Wall Street Journal reports. The Dow gained 29.88, closing at 11,632.38. The Nasdaq gained 21.92, settling at 2,325.88, while the S&P 500 fell 5.19 to 1,282.19.
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Beige Book
MARKETS
Stocks Rise as Oil Drops
Price of barrel drops to $126, a 7-week low
MarketWatch Jul 22, 08 3:22 PM CDT
(Newser)
- Stocks climbed to robust gains by the end of today’s session as a drop in oil helped offset a spread of mixed earning reports, MarketWatch reports. The Dow gained 135.16 points to close at 11,602.50, the Nasdaq rose 24.43 to 2,303.9, and the S&P 500 climbed 17.01 points to 1,277.01.
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MARKETS
Pharma, Tech Kill Early Gains
Pricier oil, Merck troubles outshine Bank of America's 'success'
MarketWatch Jul 21, 08 3:40 PM CDT
(Newser)
- The markets failed to hold on to early-session gains today as oil rose above $131 per barrel and the overall economic outlook remained downcast, MarketWatch reports. The Dow lost 29.23 points to close at 11,467.34, the Nasdaq fell 3.25 to 2,279.53, and the S&P 500 dropped just 0.68, settling at 1,260.00.
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MARKETS
Mixed Note Caps Big Week
Dow sees modest gains, Nasdaq loses; all indices post weekly gains
MarketWatch Jul 18, 08 3:23 PM CDT
(Newser)
- The markets were mixed today as poor results across the tech sector and from Merrill Lynch put the brakes on a two-day rally, MarketWatch reports. Good news from Citigroup kept the Dow buoyant, and it closed up 49.91, at 11,496.57. The tech-heavy Nasdaq took a 29.52-point dive, settling at 2,282.78, while the S&P 500 gained 0.36 to1,260.68.
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MARKETS
Stocks Continue Strong Rally
Dow up 207 points; third consecutive day of falling oil prices helps
Wall Street Journal Jul 17, 08 3:35 PM CDT
(Newser)
- The markets continued yesterday’s rally as oil kept falling—hitting a low of $131 a barrel for the first time in 6 weeks—and traders bought up financial shares with renewed confidence, the Wall Street Journal reports. The Dow gained 207.38 points to close at 11,446.66; its 484-point jump since yesterday is the best two-day gain since November. The Nasdaq rose 27.45 to 2,312.30, and the S&P 500 climbed 14.96 to 1,260.31.
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