stock exchange

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50 Injured in Stock Exchange Floor Collapse

Jakarta exchange kept trading

(Newser) - A mezzanine floor inside the Jakarta Stock Exchange tower collapsed on Monday, injuring more than 50 people and forcing a chaotic evacuation. TV footage showed the lobby strewn with debris and people being helped out of the building while others lay on the grass or steps outside the tower, the... More »

Dow Has 1st Close Above 24K Points

Stocks showed broad gains in trading Thursday

(Newser) - Stocks powered to new highs on Wall Street on Thursday, giving the Dow Jones industrials their biggest gain since March and putting them past 24,000 points for the first time, the AP reports. Other market indicators also reached milestones on Thursday. The Standard & Poor's 500 index, which... More »

It's Twitter IPO Day

Shares priced at $26, will start trading at 9:30am

(Newser) - At 9:30am today, Twitter starts trading on the New York Stock Exchange (ticker symbol: TWTR). The microblogging company priced shares at $26, which was higher than the expected $23 to $25 range and values the company at $18.34 billion—more than Macy's and Bed Bath & Beyond,... More »

Nasdaq Resumes Trading After Technical Glitch

Exchange was down about 3 hours

(Newser) - Nasdaq is back in business after an apparent technical glitch brought the exchange to a rare halt this afternoon for more than three hours, reports the Wall Street Journal . The exchange hasn't fully explained what happened, but trading of all Nasdaq securities ground to a halt just after noon... More »

NASDAQ Hackers Spied on Company Directors

Malware gave hackers access to corporate communications

(Newser) - Hackers who broke into the NASDAQ stock exchange's systems last year stole a lot more information than previously thought, sources close to the investigation tell Reuters . The hackers installed malware on a software program that corporate boards use to share documents and communicate with executives, which allowed them to... More »

Mideast Markets Dive on US Downgrade

S&P credit rating reverberates overseas, as well

(Newser) - Stocks tumbled across the Middle East today as most regional markets reopened following the historic downgrade of the United States' credit rating. The region's markets mostly operate Sunday to Thursday, meaning they were the first to react to Standard & Poor's decision late Friday to cut the US... More »

Germans Close to Buying NY Stock Exchange

Cradle of US capitalism about to fall to Deutsche Börse

(Newser) - The raucous cathedral of American capitalism, the New York Stock Exchange, is about to be bought by the Germans. If regulators approve the deal, the acquisition of NYSE Euronext (which owns the NYSE) by Deutsche Börse AG (which owns the Frankfurt stock exchange) would create the world's largest financial... More »

SEC Snooping Around Facebook, Twitter Trades

Booming private exchanges move social networks' shares

(Newser) - The SEC wants information about the surging private stock exchanges that have grown up around top social networks, the New York Times reports. Shares of Facebook, Twitter, Zynga, and LinkedIn are all sought-after commodities—though none of the companies are publicly held. As the exchanges gain popularity, Wall Street investment... More »

SEC Moves to Ban Lightning-Fast Trading

Flash orders let big investors buy and sell in milliseconds, harming slower traders

(Newser) - The SEC is seeking a ban on the financial technique known as flash orders, a controversial method in which powerful computers survey other investors' trades and adjust strategies within milliseconds to turn a profit. SEC head Mary Schapiro said that flash orders "may create a two-tiered market" since only... More »

Bomb Hits Athens Stock Exchange

(Newser) - A car bomb blast outside the Athens stock exchange damaged the building and injured a female pedestrian, the BBC reports. A second bomb detonated outside a government building in Thessaloniki, causing minor damage and no injuries. The blasts are suspected of being the work of Greek extremist group Revolutionary Struggle.... More »

Indian Stocks Soar 17% on Election Win

Congress victory sends shares soaring; trade suspended

(Newser) - The benchmark Indian stock index soared an unprecedented 17% this morning as investors voiced their resounding approval of the Congress Party's electoral victory. Trading on the Sensex had to be suspended within seconds of opening after a 1,300-point surge; following a two-hour delay, the index jumped again and was... More »

Soaring Iraq Stock Market Gets Electronic Trading

Booming exchange will do away with writing prices on whiteboards

(Newser) - Stock traders in Baghdad are preparing for a bonanza: the introduction of electronic trading, which will replace the current system of writing prices on whiteboards, reports the Times of London. Iraq's market has risen 30% this year as improved security and dirt-cheap prices—the most expensive stock costs about 9... More »

Stocks Soar 300+ on Geithner Plan

(Newser) - Stocks sprinted out of the gates today, the Wall Street Journal reports, spurred by the Treasury’s long-awaited toxic asset plan. The Dow was up 316 just after noon, while the Nasdaq and S&P 500 added 4.1% and 4.5%, respectively. Banking stocks were the biggest winners, with... More »

Stocks Slip on Bailout Jitters

(Newser) - Stocks took a dip at the open today, as investors awaited news on how the remaining $350 billion of the $700 billion bank rescue will be spent. The Dow shed 56 points, while the Nasdaq and S&P inched down 0.2% and 0.7%, respectively. GM’s shares were... More »

Brazilian Trader Shoots Himself at Exchange

He clings to life after suicide attempt in wake of plunging market

(Newser) - A Brazilian trader was in critical condition after shooting himself in the chest on the floor of the nation's commodities and futures exchange yesterday. The tragedy occurred in the raucous interest rate futures pit, where some $21 billion in contracts are traded daily. Brazil's main stock index has plunged 50%... More »

Medvedev Urges Calm in Russian Market Crisis

With stocks off big, bank chief warns of lack of liquidity

(Newser) - The Russian economy is skidding, and its leaders are giving somewhat contradictory messages, the AP reports. Shortly after President Dmitry Medvedev assured the public today that stock-market troubles don’t “reflect the actual state of the economy,” the chairman of the country’s central bank said “as... More »

NYSE To Buy Rival Exchange

Deal will save the struggling American Stock Exchange

(Newser) - The Big Board is about to get a bit bigger: The parent company of the New York Stock Exchange agreed today to snap up its smaller rival, the American Stock Exchange, for $260 million in stock, the Wall Street Journal reports. The deal ends a rivalry that began during the... More »

Computers Thin Ranks of NYSE Floor Traders

Iconic backdrop 'dead' as shares trade electronically

(Newser) - The famously frenetic NYSE trading floor is rapidly becoming history as more efficient computer trading replaces human traders. With most of the exchange's trading rooms shuttered, only two trading halls stay open to the 1,500 remaining traders, whose numbers are dwindling, AFP reports. "The floor as we knew... More »

Dow Tumbles Over 380 Points

Year's second-worst loss falls on heels of solvency fears

(Newser) - The Dow Jones lost nearly 3% of its value today, tumbling 387.18 points to 13,270.68 in the second-worst drumming of the calendar year. Trading curbs were in place early, after BNP Paribas froze funds that took a bath in the US credit market and Chinese exchanges crashed... More »

Dow Breaks 14,000 Barrier

(Newser) - The stock market swept aside sub-prime anxieties today to surge past the 14,000 mark; the 82.19-point run-up was fueled by strong results from IBM and Exxon Mobil. It was the 32nd record close for the Dow Jones Index this year, and—with just 58 trading days since the... More »

20 Stories