Institute for Supply Management

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Dow Falls 203 Ahead of Jobs Report

ISM report, job fears drive biggest 1-day drop since July

(Newser) - Stocks suffered broad declines today after a manufacturing report that failed to meet expectations. That report, combined with worse-than-expected weekly jobless claims, have investors worried ahead of the government's nonfarm payroll report, due tomorrow. The Dow fell 203 points to close at 9,509. The Nasdaq lost 65 points, closing... More »

Dow Clears 9,000 to Open '09

Market discounts poor manufacturing report

(Newser) - Stocks rallied in the first session of 2009, with energy stocks leading advances on a jump in crude oil prices, MarketWatch reports. GM rose after announced changes to GMAC policy expected to give prospective buyers more financing options. In light trading volume, the Dow climbed 258.30 points to close... More »

Dow Off 679 on Dour Data

Global manufacturing indexes report contraction

(Newser) - The stock market tumbled today amid dismal global economic data, MarketWatch reports, including a report by a group of economists that, by their measure, the US economy has been in recession since December 2007. The Dow fell 679.95 to close at 8,149.09. The Nasdaq dropped 137.50,... More »

Dow Tumbles Almost 500

Markets move past election euphoria to sober economic reality

(Newser) - Today's Obama buzz apparently didn't make it to Wall Street, where the markets plunged as dismal economic reports reminded investors of the challenges facing US business, the Wall Street Journal reports. Stocks gave up all of their Election Day gains and continued to fall as the Dow lost 486.01... More »

Dow Skyrockets as Oil Retreats

Deep-seated concerns about economy remain

(Newser) - Stocks rallied today after the Fed said it would keep money cheap for the time being and crude prices fell to below $120 a barrel, a 3-month low. The Dow gained 330.80 to close at 11,614.95, the Nasdaq rose 64.27 to 2,349.83, and the... More »

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