MARKETS
Markets move past election euphoria to sober economic reality
Wall Street Journal Nov 5, 08 3:34 PM CST
(Newser)
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Today's Obama buzz apparently didn't make it to Wall Street, where the markets plunged as dismal economic reports reminded investors of the challenges facing US business, the Wall Street Journal reports. Stocks gave up all of their Election Day gains and continued to fall as the Dow lost 486.01 to close at 9,139.27. The Nasdaq fell 98.48 to close at 1,681.64, and the S&P 500 fell 52.98, settling at 952.77.
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MARKET OPEN
As ever, the market be crazy
Wall Street Journal Nov 5, 08 8:38 AM CST
(Newser)
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The market had an election hangover this morning. The Dow fell 152 points at the open, The Wall Street Journal reports, following yesterday’s 305-point rise, the biggest Election Day rally ever. “The conclusion of the election race has brought home the reality of the enormity of the task facing the new administration,” said one trader. Investors will now turn to economic data, which are expected to be weak.
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MARKETS
Indices up 3%-4% after remaining in positive territory for entire session
Wall Street Journal Nov 4, 08 3:19 PM CST
(Newser)
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Stocks rallied on Election Day as investors applauded the looming conclusion to the presidential race, the Wall Street Journal reports. Continuing declines in interbank lending, and strong third-quarter earnings reports also fueled optimism, with the Dow rising 305.45 to close at 9,625.28. The Nasdaq climbed 53.79 closing at 1,780.12, while the S&P 500 gained 39.45 to settle at 1,005.75.
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MARKETS
Wall Street Journal Nov 4, 08 8:44 AM CST
(Newser)
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Investors gave a vote of confidence to the next administration this morning, sending the Dow up 168 points at the opening bell, and the S&P and Nasdaq up 1.9% and 1.6% respectively. “Investors are looking forward to the campaigns being over and moving on with the results,” said one investor. Markets also took heart from better-than-expected MasterCard earnings.
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MARKETS
Energy concerns take a hit as crude plunges
MarketWatch Nov 3, 08 3:37 PM CST
(Newser)
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Stocks held steady today, with the indices ending the session only a few points removed from their opening marks, MarketWatch reports, with General Motors and Ford reporting mammoth October sales drops, and crude plunging $3.90 to $64.25. The Dow fell 5.18 to 9,319.83. The Nasdaq gained 5.38, closing at 1,726.33, and the S&P 500 lost 2.45 to settle at 966.30.
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MARKETS
MarketWatch Oct 31, 08 3:39 PM CDT
(Newser)
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Stocks rallied today despite a slew of poor economic reports as investors instead focused on falling rates in the credit markets, MarketWatch reports. Though the Dow was up 11.3% for the week, October ended as the worst month since 1987. The Dow rose 144.32 to close at 9,325.01, the Nasdaq climbed 22.43 to 1,720.95, and the S&P gained 14.66 to 968.75.
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MARKETS
Early news on shrinking GDP can't keep indices from rising
MarketWatch Oct 30, 08 3:29 PM CDT
(Newser)
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The markets held ground after an early rally today, with investors shrugging off a smaller-than-expected fall in third-quarter US gross domestic product and remaining cautiously optimistic over yesterday’s Fed rate cut, MarketWatch reports. The Dow closed up 189.73 at 9,180.69. The Nasdaq rose 41.31 to 1,698.52, and the S&P 500 climbed 24.00 to 954.09.
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MARKETS
Drop isn't as bad as feared, and rate cuts abroad cheer US traders
Wall Street Journal Oct 30, 08 9:07 AM CDT
(Newser)
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Stocks jumped at the opening bell, as international rallies helped offset a shrinking US economy, the Wall Street Journal reports. Gross domestic product shrank at a seasonally adjusted 0.3% annual rate from July to September; the not-as-bad-as-feared figure sent the Dow up 201 points at the open before dipping back downward. The S&P and Nasdaq saw 1.8% and 2.5% gains of their own.
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MARKETS
Late rally evaporates after Fed confirms cut, but most of Tuesday's gains are preserved
MarketWatch Oct 29, 08 3:19 PM CDT
(Newser)
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Volatility ruled Wall Street today as investors waffled in their response to the expected Fed rate cut, MarketWatch reports. Though the session’s final hour saw the Dow rocket to a 250-point gain in light trading, that evaporated and the Dow closed down 74.16 at 8,990.96. The Nasdaq, however, finished up 7.74 at 1,657.21, while the S&P 500 lost 10.42 to close at 930.09.
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MARKETS
Bargain hunters spur big gains as markets jump late
Wall Street Journal Oct 28, 08 3:35 PM CDT
(Newser)
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Stocks zoomed past the 9,000 mark late in today's session as investors ignored a rock-bottom consumer-confidence rating, focusing on blue-chip gains and the likelihood of another rate cut by the Federal Reserve, the Wall Street Journal reports. The Dow shot up 889.35 to close at 9,065.12. The Nasdaq climbed 143.57, closing at 1,649.47, and the S&P 500 rose 91.59 to settle at 940.51.
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MARKET opener
Strong opening on global rallies
Wall Street Journal Oct 28, 08 8:53 AM CDT
(Newser)
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Stocks shot up at the bell this morning, powered by rallies overseas and speculation that another Fed rate cut is coming down the pike. The Dow rose 239, while the S&P and Nasdaq saw 2.9% and 3.3% jumps respectively. Hong Kong’s Hang Seng in particular saw a dizzying 14.4% jump after a grisly day yesterday, though one market watcher warned that Asia’s “trading mentality” could render gains ephemeral.
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MARKETS
Boost in new home sales is not enough to sustain day's gains
MarketWatch Oct 27, 08 3:20 PM CDT
(Newser)
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Stocks closed down today at the end of an extremely volatile session that saw the Dow up over 200 points as investors reeled from plunging overseas markets but were somewhat encouraged by positive news on US home sales, MarketWatch reports. The Dow lost 203.18 to close at 8,175.77. The Nasdaq fell 46.13 to 1,505.90, while the S&P 500 closed down 27.85 at 848.92.
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