MARKET Open
Post-Holiday session no good
Wall Street Journal 1 hour, 9 minutes ago
(Newser)
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Stocks plunged this morning, giving back a big chunk of last week’s big rally. The Dow dropped 350 points, while the S&P and Nasdaq gave up 41 and 65 points respectively. “Investors are saying in these turbulent times it is best to take what comes your way,” said one strategist. A number of economic indicators are expected this week, including a big nonfarm payroll report Friday, and few expect good news.
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MARKETS
MarketWatch Nov 28, 08 12:42 PM CST
(Newser)
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Stocks gained today despite retailers' dour holiday prospects, because the market has already priced in much of the bad news, MarketWatch reports. Amid very light trading, the Dow gained 102.43 points to close at 8,829.04, extending its positive streak into a fifth day. "There's a bit of confidence returning," said an economist. "This market has discounted a lot of negative news." The Nasdaq eked out a 3.47-point gain, closing at 1,535.57, while the S&P 500 rose 8.56 to settle at 896.24.
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MARKET Open
Wall Street Journal Nov 28, 08 8:50 AM CST
(Newser)
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Stocks inched into the red this morning, with the Dow down 38 and the S&P and Nasdaq off 0.5% and 0.9% at the open, the Wall Street Journal reports, but those declines come on the heels of four straight days of gains. The market closes early today, and with no major economic reports on the docket, traders are expecting a sleepy, low-volume post-Thanksgiving session.
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MARKETS
Grim earnings and economic reports can't stop Street's rise
Wall Street Journal Nov 26, 08 3:20 PM CST
(Newser)
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The markets extended a winning streak into a fourth session today, despite mostly dismal economic data, the Wall Street Journal reports. Consumer spending and orders for durable goods fell over the last month, but the Dow closed up 247.14 points at 8,727. The Nasdaq rose 67.4 points to close at 1,532, and the S&P 500 gained 30.28 points, settling at 888.
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MARKETS
New consumer credit plan inspires confidence on the street
Wall Street Journal Nov 25, 08 3:16 PM CST
(Newser)
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Stocks were mixed today, as enthusiasm over the Fed’s plan to get banks lending was tempered by a downward revision to third-quarter GDP and a drop in a home-price index, the Wall Street Journal reports. The Dow rose 36.47—its third consecutive up session—to 8,479.86. The Nasdaq fell 7.29 to settle at 1,464.73, while the S&P 500 rose 5.60, closing at 85741.
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MARKET Open
Stocks climb as investors are cheered by Fed plan to help consumer credit
Wall Street Journal Nov 25, 08 9:13 AM CST
(Newser)
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Stocks continued to rise at the open this morning, with the Dow climbing more than 100 points and the S&P gaining 1.5%, as investors cheered the Treasury and Fed’s new program to boost consumer credit, the Wall Street Journal reports. The Nasdaq, however, was off slightly. The Dow has gained 10% during the past two sessions, its fastest 2-day climb since 1987.
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MARKETS
Financials lead as government moves to help banking giant
MarketWatch Nov 24, 08 3:22 PM CST
(Newser)
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Stocks rallied today in a vote of confidence for the $326 billion Citibank rescue plan and Barack Obama’s team of economic advisers, MarketWatch reports. Combined with Friday's surge, the rally was the largest 2-day jump in over 20 years. The Dow rose 396.97 points to close at 8,443.39. The Nasdaq surged 87.67, closing at 1,472.02, and the S&P 500 gained 51.78 points, settling at 851.81.
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MARKETS
Index gets back over 8,000, but lose for the week
MarketWatch Nov 21, 08 3:23 PM CST
(Newser)
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News that Barack Obama’s will nominate Timothy Geithner, head of the New York Fed, as Treasury Secretary buoyed stocks today, although the major indices all lost value for the week, MarketWatch reports. The Dow closed up 494.13 at 8,046.42. The Nasdaq gained 68.23 to settle at 1,384.35, and the S&P 500 rose 47.59, closing at 800.03.
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MARKETS
Hopes dim for auto industry bailout
MarketWatch Nov 20, 08 3:32 PM CST
(Newser)
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Stocks continued yesterday’s slide today as Congress dashed hopes for quick aid to the Detroit automakers, MarketWatch reports. Henry Paulson also undermined investor confidence by again changing the terms of TARP. The Dow fell 444.99 points to close at 7,552.29. The Nasdaq shed 70.30, closing at 1,316.12, and the S&P 500 lost 54.14 to settle at 752.44.
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MARKET Open
Financial, auto fears still reign
CNNMoney Nov 20, 08 9:03 AM CST
(Newser)
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Stocks took a slide at the open today, following a disastrous session yesterday that saw the Dow fall below the 8,000 mark. The Dow shed 160 points at the open, accompanied by 21- and 17-point declines in the Nasdaq and S&P. Stocks have fallen nearly 8% this week alone as fears over the auto and financial industries have run wild.
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MARKETS
Bad news in housing and predictions of recession sour stocks
Wall Street Journal Nov 19, 08 3:21 PM CST
(Newser)
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Stocks plunged today on a spread of bad economic news, including signs that the housing market is not improving and dire predictions by the Federal Reserve’s interest-rate committee, the Wall Street Journal reports. The Dow fell 427.47 to close at 7,997.28. The Nasdaq lost 96.85, settling at 1,386.42, while the S&P 500 shed 52.54 to close at 806.58.
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MARKETS
Manufacturing rises, but it's likely a mirage
MarketWatch Nov 17, 08 3:15 PM CST
(Newser)
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Stocks seesawed to losses today as investors absorbed bad retailer reports and news that Japan’s economy had entered a recession, MarketWatch reports. The Dow fell 223.73 to close at 8,273.58. The Nasdaq lost 34.80, closing at 1,482.05, while the S&P 500 shed 22.54 to settle at 850.75.
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