MARKETS
Financials plummet on the prospect of a GSE bailout
MarketWatch Aug 18, 08 3:26 PM CDT
(Newser)
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The markets took a tumble today as familiar fears about a government bailout of Fannie Mae and Freddie Mac returned to the fore, MarketWatch reports. Led by its financial components, the Dow fell 180.02 to close at 11,479.88. The Nasdaq shed 35.54, settling at 2,416.98, while the S&P 500 dropped 19.54 to close at 1,278.66.
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MARKETS
MarketWatch Aug 15, 08 3:43 PM CDT
(Newser)
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The markets ended mixed today as commodities fell across the board, leaving traders unsure of the larger ramifications for the economy, MarketWatch reports. The Dow gained 43.97 points to close at 11,659.90, the Nasdaq slid 1.15 points to 2,452,52, and the S&P 500 climbed 5.27 points to 1,298.20.
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MARKETS
Rising dollar, falling oil contribute as well
MarketWatch Aug 14, 08 3:28 PM CDT
(Newser)
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Stocks posted solid gains today for the first time in three days as financials rebounded, the dollar gained, and oil fell nearly $1, MarketWatch reports. The Dow rose 82.97 points to close at 11,615.89, the Nasdaq gained 25.05 to 2,453.67, and the S&P 500 climbed 7.10 to 1,292.93.
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MARKETS
Dow falls 100 points for 2nd straight day
MarketWatch Aug 13, 08 3:30 PM CDT
(Newser)
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The markets saw losses today as anxiety about financial firms persisted and oil rose nearly $3 to $116 a barrel, MarketWatch reports. The Dow was hit especially hard, falling 109.51 points to 11,532.96. The other indices made afternoon gains but fell back, with the Nasdaq closing down 1.99 points at 2,428.62, and the S&P off 3.76 points at 1,285.83.
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MARKETS
Equities fall even though oil does, too
MarketWatch Aug 12, 08 3:30 PM CDT
(Newser)
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Stocks fell today as waves of bad news from the financial sector battered investor sentiment, MarketWatch reports. Equities lost value despite a $1.44 drop in the price of oil, reversing what has recently been a consistent inverse relationship. The Dow fell 139.88 to 11,642.47, the Nasdaq 9.34 to 2,430.61, and the S&P 500 15.73 to 1,289.59.
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MARKETS
MarketWatch Aug 11, 08 3:47 PM CDT
(Newser)
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Stocks managed to hold on to small gains today from a big early rally, as oil prices fell despite the fighting in Georgia, MarketWatch reports. The Dow closed up 48.03 points at 11,782.35. The Nasdaq gained 25.85 points to 2,439.95, and the S&P 500 climbed 9 points to 1,305.32.
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MARKETS
Fannie's losses don't phase market
MarketWatch Aug 8, 08 3:41 PM CDT
(Newser)
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A big rally topped a rollercoaster week today as the markets surged on a drop in oil of nearly $5 a barrel, MarketWatch reports. The Dow gained 302.89 points to close at 11,734.32, the Nasdaq rose 58.37 to 2,414.10, and the S&P 500 gained 30.25 to 1,296.32.
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MARKETS
Poor results at AIG, nervous retailers, rising oil all contribute to decline
Wall Street Journal Aug 7, 08 3:25 PM CDT
(Newser)
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The markets suffered big losses today as investors were confronted by bad news from retail and financial giants, as well as a 6-year-high in weekly unemployment, the Wall Street Journal reports. The Dow fell 224.64to 11,431.43. The Nasdaq lost 22.64 to finish at 2,355.73, and the S&P 500 fell 23.12 to 1,266.07.
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MARKETS
Cisco provides some good news, though investors not totally cheered
Wall Street Journal Aug 6, 08 3:42 PM CDT
(Newser)
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Oil prices continued to fall, spurring modest gains for the markets today, but Freddie Mac’s enormous second-quarter loss signified that the housing and credit crises are not over yet, the Wall Street Journal reports. The Dow rose 40.30 to close at 11,656.07. The Nasdaq gained 28.54, ending at 2,378.37, and the S&P 500 gained 4.30 to 1,289.18.
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MARKETS
Deep-seated concerns about economy remain
MarketWatch Aug 5, 08 3:23 PM CDT
(Newser)
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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 S&P 500 climbed 35.72 to settle at 1,284.77.
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MARKETS
Gray day on Street ahead of Fed's policy meeting
Wall Street Journal Aug 4, 08 3:35 PM CDT
(Newser)
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Stocks closed down today, giving back gains from an early rally despite a nearly $4 drop in crude oil prices as worries about economic growth and inflation persisted, the Wall Street Journal reports. The Dow fell 42.17 to close at 11,284.15, the Nasdaq lost 25.40 and finished at 2,285.56, and the S&P 500 shed 11.29 points to settle at 1,249.02.
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