MARKETS
Huge AIG, Dell losses spark sell-off
MarketWatch Feb 29, 08 3:15 PM CST
(Newser)
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The Dow lost an incredible 315.79 points today to close at 12,266.39 as AIG reported the biggest losses in its history and bellwether Dell reported a year-over-year fourth-quarter profit decline of 6%. The Nasdaq slipped 60.09 to 2,271.48, and the S&P 500 lost 37.04 to close at 1,330.64.
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MARKETS
Dow drops 112 points on sluggish growth, rising jobless claims
Bloomberg Feb 28, 08 3:56 PM CST
(Newser)
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Stocks fell more than they had in a week today amid reports of sluggish economic growth, rising jobless claims, and fears of failing banks, Bloomberg reports. The Dow fell 112.10 points to 12,582.18, the Nasdaq fell 22.21 points to 2,331.57, and the S&P 500 12.34 points to 1,367.68. The government said GDP grew by 0.6% last quarter, below analysts' estimates.
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MARKETS
Depressing day reverses on news of possible Ambac bailout
MarketWatch Feb 22, 08 3:47 PM CST
(Newser)
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Traders faced heavy losses across the board today until a late rally on news of a possible bailout for a major bond insurer sent prices soaring to gains, MarketWatch reports. The Dow rose 96.72 points to close at 12,381.02, the Nasdaq gained 3.57 points to 2,303.35, and the S&P 500 rose 10.58 points to 1,353.11.
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MARKETS
Dow drops nearly 143 points on weak manufacturing news
MarketWatch Feb 21, 08 3:45 PM CST
(Newser)
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Energy and industrial shares led the markets on a decline that saw all the major indexes fall more than 1%, MarketWatch reports. A drop in oil prices hurt energy stocks, and the Philadelphia Federal Reserve said regional manufacturing had contracted. The Dow fell 142.96 points to 12,284.30, the Nasdaq 27.32 to 2,299.78, and the S&P 500 17.53 to 1,342.53.
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MARKETS
Investors shrug off inflation; sluggish growth seen
MarketWatch Feb 20, 08 3:45 PM CST
(Newser)
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The Dow rose 90.04 points to 12,427.26 today in roller-coaster trading despite rising fears of inflation, MarketWatch reports. US consumer prices rose 0.4% last month in what one investment officer called “a nagging problem for the Fed.” The Nasdaq climbed 20.90 to 2,327.10, and the S&P rose 11.25 to 1,360.03.
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MARKETS
Dow, Nasdaq dip slightly amid more recession fears; S&P ticks up
MarketWatch Feb 15, 08 3:55 PM CST
(Newser)
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The markets ended a blustery week today with a session of light losses and minor gains on bad economic news from retail and manufacturing, MarketWatch reports. The Dow fell 28.77 to 12,348.21, and the Nasdaq fell 10.74 to 2,321.80. The S&P 500 capitalized on a minor late rally to finish up 1.13, at 1,349.99.
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MARKETS
Bernanke sees weak growth because of credit trouble
MarketWatch Feb 14, 08 3:46 PM CST
(Newser)
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The markets fell today after three days of growth as the Fed warned that continuing credit trouble will restrain the economy and several top brokerage firms saw their earnings estimates reduced, MarketWatch reports. The Dow slid 175.26 points to 12,376.98, the Nasdaq dropped 41.39 to 2,332.54, and the S&P 500 fell 18.35 to 1,348.86.
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MARKETS
Wholesale inventories, financials struggle, but tech holds its ground
MarketWatch Feb 8, 08 3:57 PM CST
(Newser)
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Stocks showed mixed results today, as the Dow rallied and then teetered to a loss off lingering fears of recession. Meanwhile, the Nasdaq posted moderate gains buoyed by strong showings by Amazon, Google, Apple, and Research in Motion, Marketwatch reports. The Nasdaq gained 11.82 to end at 2,304.85; the Dow fell 64.87 to 12,181.32, and the S&P 500 dropped 5.62 to 1,331.29.
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MARKETS
Richmond Fed president's use of 'R' word spooks investors
MarketWatch Feb 5, 08 4:12 PM CST
(Newser)
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The markets fell more today than they had in 11 months in the wake of news that the service industry contracted in January and remarks by the Richmond Fed president on the growing risk of recession, Marketwatch reports. The Dow plummeted 370.03 to 12,265.13, the Nasdaq 73.28 to 2,309.57, and the S&P 500 44.18 to 1,336.62.
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MARKETS
Dismal labor report can't keep Dow down
Wall Street Journal Feb 1, 08 3:29 PM CST
(Newser)
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Microsoft’s offer to buy Yahoo outweighed a dismal jobs report today as the Dow ended up 92.83 at 12,743.19 after a seesaw session. Hopes for a new M&A wave bumped up against fears of broad economic slowdown. “This is a trader’s market, because traders love volatility,” said one trader. The Nasdaq gained 23.50 to 2,413.36 and the S&P 500 16.87 to 1,395.42.
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MARKETS
Insurer MBIA says its rating will be just fine
MarketWatch Jan 31, 08 3:32 PM CST
(Newser)
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Markets were up sharply today on calming words from bond insurer MBIA, with the Dow closing at 12,650.36, up 207.53. The company said its triple-A rating was not vulnerable and that it was solvent enough to weather the mortgage crisis, MarketWatch reports. The Nasdaq gained 40.86 to 2,389.86; the S&P 500 moved up 22.74 to 1,378.55.
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MARKETS
Stocks soar, then drop on Fed action
Wall Street Journal Jan 30, 08 3:40 PM CST
(Newser)
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The Fed’s half-point rate cut this afternoon briefly sent stocks soaring—before the rally crumbled and the Dow ended down 37.47 points at 12,442.83. Most Streeters have welcomed the series of interest rate slashes, but some are concerned they are too aggressive and could trigger inflation and other trouble. “The moves, instead of stabilizing the system, could lead to more volatility,” one economist told the Wall Street Journal reports.
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Viewer-generated
video channel registers to sell $100M of stock
Wall Street Journal Jan 28, 08 8:25 PM CST
(Newser)
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Current Media will soon become even more public: The viewer-created cable TV network, co-founded by Al Gore in 2005, filed an IPO today. The young adult-oriented company registered to sell up to $100 million in class A common stock, but the price range and number of shares weren’t disclosed—and don’t necessarily correlate with the registration fee, the Wall Street Journal reports.
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