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Dow Ends Week Up 74

S&P 500, Nasdaq also up

(Newser) - Stocks are closing higher after a day of meandering, giving the market its third straight week of gains. The Dow edged up 74 points, or 0.4%, to 17,215 Friday. The Standard & Poor's 500 index rose nine points, or 0.5%, to 2,033. The Nasdaq composite... More »

Dow Ends Day Up 217

Stocks see best gain in nearly 2 weeks

(Newser) - Stocks are notching their best gain in nearly two weeks as investors respond to some positive earnings surprises. The Dow Jones industrial average jumped 217 points, or 1.3%, to 17,141 Thursday. The Standard & Poor's 500 index rose 29 points, or 1.5%, to 2,023. The... More »

Dow Ends Day Down 157

S&P 500, Nasdaq also down

(Newser) - Stocks are closing lower Wednesday, led by declines in retailers after a disappointing forecast by Walmart. The Dow Jones industrial average gave up 157 points, or 0.9%, to 16,924. The Standard & Poor's 500 lost nine points, or 0.5%, to 1,994. The Nasdaq composite declined... More »

Stock Market Closes Out Best Week of the Year

Dow, S&P 500, Nasdaq all up

(Newser) - The stock market is closing out its best week this year with a modest gain, helped by airlines and industrial companies. The Dow Jones industrial average rose 33 points, or 0.2%, to 17,084 Friday. The Standard & Poor's 500 gained a point to 2,014. The Nasdaq... More »

Dow Ends Day Up 138

Nasdaq, S&P 500 also up

(Newser) - Stocks are closing solidly higher on Wall Street, continuing a weeklong advance. Investors were relieved Thursday by minutes from the Federal Reserve's latest meeting, which showed that policymakers were in wide agreement to keep rates low. The Dow Jones industrial average rose 138 points, or 0.8%, to 17,... More »

Dow Ends Day Up 13

S&P 500, Nasdaq both down

(Newser) - A rally in energy stocks wasn't enough to lift the broader market, leaving indexes mostly lower at the closing bell Tuesday. The Dow Jones industrial average edged up 13 points, less than 0.1%, to 16,790. It jumped 304 points the day before. The Standard & Poor's... More »

Dow Ends Week Up 200

S&P 500, Nasdaq also up

(Newser) - The stock market reversed an early stumble and ended higher, led by gains in energy companies. The Dow gained 200 points, or 1.2%, to 16,472. It was down as much as 258 earlier. The Standard & Poor's 500 index rose 27 points, or 1.4%, to 1,... More »

Dow Ends Day Down 12

S&P 500, Nasdaq both slightly up

(Newser) - Stocks are getting the fourth quarter off to a weak start as investors wait for the government's monthly jobs report. The Dow Jones industrial average fell 12 points, or 0.1%, to 16,271 on Thursday. The S&P 500 rose three points, or 0.2%, to 1,923.... More »

Dow Ends Day Up 235

S&P 500, Nasdaq also up as third quarter closes

(Newser) - US stocks are closing out a rough quarter on a positive note. Major indexes rallied on Wednesday, but the market still ended the third quarter with its worst loss in four years. All five of the biggest drops in the year occurred in the last three months as traders worried... More »

Dow Ends Day Up 47

S&P 500 also up, but Nasdaq is down

(Newser) - US stocks are closing mixed as the market stabilizes a day after a big drop. The Dow Jones industrial average rose 47 points, or 0.3%, to 16,049 Tuesday. It plunged 312 points the day before. The Standard & Poor's 500 index eked out a gain of two... More »

Dow Crosses 15K for First Time

Strong jobs report lifts markets

(Newser) - A big gain in the job market lifted the stock market to a record high this morning. The Dow Jones industrial average crossed 15,000 for the first time, and the Standard and Poor's 500 index, a broader market measure, rose above 1,600. In the first hour of... More »

Why Aren't We Prosecuting Singing S&P Fraudsters?

William Greider wonders if this is Obama's Watergate

(Newser) - The Justice Department's lawsuit against Standard and Poor's looks pretty damning. According to the suit, S&P knew its ratings on mortgage bonds were too loose, proposed upgrading them in 2004—and then decided not to because it would hurt the bottom line, Fortune explains. The suit makes... More »

Justice Filing Suit Against S&P Over 2008 Meltdown

Feds will accuse firm of fraudulently rating mortgage bonds

(Newser) - The Justice Department and state prosecutors are filing a lawsuit against the Standard & Poor's Ratings Service for its apparent role in the 2008 financial meltdown, the New York Times reports. The civil suit will accuse S&P of rating mortgage bonds too highly before their value fell off... More »

Dow Plummets 200+ Points

Weak jobs report leads to market troubles

(Newser) - The Dow's gain for the year is gone, thanks to today's terrible jobs report . The Dow fell more than 200 points following the report, according to the AP . At 11am EDT, it was at 12,170, down 224 points. That's a loss of about 0.3% for... More »

S&P: We'll Likely Declare Greece in Default

As Greece struggles to restructure debt

(Newser) - Standard & Poor's will likely downgrade Greece's rating to "selective default" after its debt restructuring, the rating agency said at a Bloomberg event today—though it adds that the move might not destroy the European Union's credit. "It's not a given that Greece's... More »

S&P Downgrades France, Italy, 7 Others

Paris and Austria lose AAA status

(Newser) - Standard & Poor's has downgraded the government debt of France, Austria, Italy, and Spain by one notch, but maintained Germany's at the coveted 'AAA' level. The cuts, which eliminated France and Austria's triple-A status, deal a heavy blow to the currency union's ability to fight... More »

Home Prices Dive, Indicate Gloomy '12

Case-Shiller Home Price Index reverses 5 months of gains

(Newser) - After five straight months of gains through August, many market watchers had hoped home prices were finally trekking northward for good. No such luck: According to the just-released S&P/Case-Shiller Index, home prices fell in 19 of the nation’s 20 largest cities from September to October, bringing the index... More »

Moody's Scoffs at Europe Deal, Threatens Downgrades

Warning stems from concerns over widening growth gap

(Newser) - Despite the deal reached by European leaders to strengthen the euro zone, Moody's warned today that the crisis is still at a "critical and volatile stage" and that some European Union countries could still find their sovereign ratings downgraded. It expressed specific concern about the expanding growth gap... More »

S&P to Put Euro Zone on Credit Watch

Announcement likely after markets close

(Newser) - A person familiar with the matter says Standard & Poor's is examining the credit rating of all 17 euro zone countries for a possible downgrade as the continent's debt crisis lingers. The person said today that S&P is likely to make an announcement on putting the euro... More »

S&P Lowers Belgium's Credit Rating

Cites 'protracted political uncertainty'

(Newser) - Standard & Poor's is lowering its long-term sovereign credit rating for Belgium, citing a threat to exports and the country's lack of a permanent government. In a sign that financial contagion is spreading across Europe, the agency cut Belgium's credit rating from AA+ to AA. Belgium has... More »

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