MARKETS
Dow off 256.54, zooms past 13K on sluggish growth report
Wall Street Journal Jan 4, 08 3:37 PM CST
(Newser)
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The worst employment-growth report since August 2003 sent the markets into a nosedive today, with the Dow ending the day off 256.54 to 12,800.18. Only 18,000 non-farm jobs were added in December, the Wall Street Journal reports, and the unemployment rate rose to 5.0%, its highest level in 2 years. The Nasdaq plummeted 98.03 to 2,504.65; the S&P lost 35.53 to 1,411.63.
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MARKETS
Weak December auto sales didn't help the market's fortunes
MarketWatch Jan 3, 08 3:34 PM CST
(Newser)
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The market lost substantial early gains today to finish about even, with weak December auto sales and rising oil costs adding to anxiety over tomorrow’s jobs report from the Labor Department. The Dow closed up 12.8 points to 13,056.7, as GM stock declined 2.5% and Ford fell 2.9% on poor showings last month, MarketWatch reports.
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MARKETS
Weak manufacturing, surging oil prices sink stocks
MarketWatch Jan 2, 08 3:28 PM CST
(Newser)
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The Dow fell 214.11 to 13,050.71 today, giving 2008 its first record: biggest point drop to start a year. Climbing commodity prices and poor manufacturing readings led the sharp 1.7% decline, and spiking crude oil futures sealed the bearish day. One strategist fretted over the Institute of Supply Management’s weakest manufacturing figures in four years, warning of “a slowdown in economic activity.”
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MARKETS
MarketWatch Dec 31, 07 3:54 PM CST
(Newser)
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The markets took a tumble today, trimming but not eliminating yearly gains, MarketWatch reports. The Nasdaq, benefiting from its relative insulation from the housing crisis, rose 9.8% in 2007, although it fell 22.18 points today to end at 2,652.28. The Dow fell 101.05 to close at 13,264.82, a yearly gain of 6.4%, and the S&P 500 fell 10.13 to 1,468.36, up 3.5% for the year.
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MARKETS
Markets reel, then recover from slow sales report
MarketWatch Dec 28, 07 3:53 PM CST
(Newser)
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The markets were mixed in a volatile session today, with the Dow ending just slightly higher after more bad news from the housing sector erased an early-morning 100-point rally, Marketwatch reports. The Dow rose 6.26 to close at 13,365.87, and the S&P 500 climbed 2.12 to 1,478.49, but the Nasdaq fell 2.33 to 2,674.46.
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MARKETS
Instability in Pakistan and durable goods news sparks decline
MarketWatch Dec 27, 07 3:59 PM CST
(Newser)
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The markets suffered steep losses today following the one-two punch of bad news from Pakistan and the Commerce Department. In the wake of Benazir Bhutto’s assassination and a disappointing durable goods report, the Dow fell 192.08, the largest drop in a week, to 13,359.61, while the Nasdaq plummeted 47.62 to 2,676.79 and the S&P 500 fell 21.39 to 1,476.27.
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MARKETS
Markets recover after bad news from Target, housing sector
MarketWatch Dec 26, 07 3:57 PM CST
(Newser)
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The markets nudged higher today despite poor holiday retail results and continued housing problems. Target predicted a possible 1% sales drop in December, stoking investor fears about sluggish retail numbers, MarketWatch reports. The Dow closed up 2.36 at 13,551.69, the Nasdaq up 10.91 at 2,724.41, and the S&P 500 up 1.21 at 1,497.66.
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MARKETS
The markets rise on RIM and Oracle's earnings reports
MarketWatch Dec 21, 07 4:04 PM CST
(Newser)
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The markets enjoyed a long-awaited "Santa Claus rally" today, finishing in positive territory for the week as BlackBerry producer Research in Motion posted strong earnings and the Commerce Department reported the largest monthly consumer spending increase in 2 years. The Dow climbed 205.01 to 13,450.65, the S&P 500 24.35 to 1,484.47, and the Nasdaq 51.13 to 2,691.99.
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MARKETS
MarketWatch Dec 20, 07 4:14 PM CST
(Newser)
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Sharply higher earnings and a bullish forecast from software giant Oracle kicked off a market rally this morning, but fears about the financial sector continued as Bear Stearns reported its first-ever (and steeper than expected) loss. Another late rally boosted the tech-rich Nasdaq 39.85 points to 2,640.86; the Dow finished up 38.37 points, at 13,245.64, and the S&P 500 up 7.12 at 2,640.86.
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MARKETS
Fed auction is deemed positive though
MarketWatch Dec 19, 07 3:47 PM CST
(Newser)
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The market ended slightly lower after another rollercoaster day, as S&P’s downgrade of major bond insurers took a toll on stocks otherwise buoyed by reports of a positive auction by the Fed. The Dow was off 25.20 to 13,207.27 on news Ambac Financial and MBIA would earn downgraded ratings. The Nasdaq climbed 4.98 points to 2,601.01, while the S&P slipped 1.98 to 1,453, MarketWatch reports.
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MARKETS
Contrary instincts make for roller-coaster session
Wall Street Journal Dec 18, 07 3:40 PM CST
(Newser)
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The market was up and down all day today as investors divided on whether to applaud cash injections and welcome good earnings reports or fret over bad housing numbers and inflation concerns. The Dow ultimately climbed 65.27 to 13,232.47, the Nasdaq added 21.57 to 2,596.03 and the S&P tacked on 9.08 to 1,454.98.
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MARKETS
Greenspan: 50-50 chance of recession
Wall Street Journal Dec 17, 07 3:29 PM CST
(Newser)
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The markets resumed last week’s downward spiral today, with the Dow diving 172.65 to 13,167.20 despite typically buoying news of major deals. The Nasdaq slid 61.28 to 2,574.46 and the S&P closed at 1,445.90, down 22.05. Alan Greenspan said he foresees a 50-50 chance of recession and warned of stagflation, the Journal reports.
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Big consumer price inflation builds concern rate cuts are over
Wall Street Journal Dec 14, 07 3:51 PM CST
(Newser)
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The Dow dived 178.11 points today to 13,339.85 after a 0.8% spike in the consumer price index, the biggest since September 2005, sparked concern that the era of rate cuts might be over. Inflation was “the 800-pound gorilla in the room,” one strategist told the Journal. The Nasdaq slid 32.75 to 2,635.74, and the S&P 500 fell 20.46 to 1,467.95.
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MARKETS
Good numbers from consumers make for bullish afternoon
Wall Street Journal Dec 13, 07 3:43 PM CST
(Newser)
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Thanks to two pieces of unexpectedly good news today, the markets erased early losses, the Dow climbing 44.06 to 13,517.96 after dipping to almost 13,350 this morning. Retail sales in November increased 1.2%, twice what watchers had estimated. And wholesale prices had their biggest one-month jump since 1973, a 3.2% rise nearly doubling estimates, the Journal reports. Both numbers suggested economic strength.
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MARKETS
Bad news and lingering doubts about yesterday's cut keep rally tame
Wall Street Journal Dec 12, 07 3:29 PM CST
(Newser)
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Stocks gained slightly after the Fed's decision to join four other central banks in pumping cash into the global financial system. Following yesterday's plunge of nearly 300 points after the Fed cut interest rates by only a quarter-point, the Dow gained 41.13 to close at 13,473.90. The Nasdaq was up 18.79 to 2,671.14, while the S&P tacked on 8.95 to close at 1,486.60.
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