MARKETS
Bad data pummels equities; oil drops below $75 per barrel
Wall Street Journal Oct 15, 08 3:21 PM CDT
(Newser)
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Stocks continued to slide in the final hours of the trading day as retail sales and manufacturing activity slowed while core inflation jumped, the Wall Street Journal reports. Oil slid $4.09 to $74.54 a barrel, its lowest price in 2008. The Dow closed down 733.08 at 8,577.91—the index's second-largest point drop ever. The Nasdaq shed 150.68, closing at 1,628.33, and the S&P 500 lost 90.17 to settle at 907.84.
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MARKETS
Traders worry non-financial stocks may still feel recession's bite
Wall Street Journal Oct 14, 08 3:20 PM CDT
(Newser)
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Stocks closed lower today after an earlier rally died down as worries about consumer-discretionary and tech stocks overcame investors’ faith in global actions to quell the credit crisis, the Wall Street Journal reports. The Dow, up nearly 400 early, ended off 76.62, to 9,310.99. The Nasdaq, especially hard hit, lost 65.24 to close at 1,779.01. The S&P 500 dropped 5.35 to 998.00.
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MARKETS
Biggest one-day boost for Dow on record
MarketWatch Oct 13, 08 3:35 PM CDT
(Newser)
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Weekend news of coordinated global action to buy stakes in troubled banks cheered investors, and the Dow posted its biggest-ever 1-day jump in both points and percentage today, MarketWatch reports. The index rose 936.42 to 9,387.61, the Nasdaq jumped 194.74 to 1,844.25, and the S&P 500 rose 104.13 to 1,003.35. Morgan Stanley closed at $17.92, up 85% over Friday's close, after Mitsubishi UFJ sealed a deal to buy 21% of the financial-services behemoth.
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MARKETS
MarketWatch Oct 10, 08 3:46 PM CDT
(Newser)
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Stocks swung erratically at the conclusion of today's trading session, with the Dow rebounding from a dip below 8,000 on an early 700-point plunge and making a quick trip into positive territory. The Dow and S&P 500 eventually recorded their worst weekly drops on record. The Dow fell 128.00 to 8,451.19. The Nasdaq actually gained 4.39, closing at 1,649.51, and the S&P 500 lost 10.70, settling at 899.22.
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MARKETS
Dow falls below 9,000 for first time since 2003
MarketWatch Oct 9, 08 3:32 PM CDT
(Newser)
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Stocks plunged in the last hours of trading today as a number of government moves did little to shore up investors' confidence, MarketWatch reports. The Dow’s losses accelerated sharply after it dropped below the psychological threshold of 9,000 points. It closed down 678.91 at 8,579.19; the Nasdaq lost 95.21, closing at 1,645.12, and the S&P 500 fell 75.02 to 909.92.
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MARKETS
Alcoa offers dismal earnings report to start third-quarter season
MarketWatch Oct 8, 08 3:24 PM CDT
(Newser)
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Stocks fell nearly 190 points in a volatile day, with investors showing mixed opinions on whether an unprecedented global rate cut by the Fed and foreign central banks would help the credit crisis. After swinging in a 433-point range, the Dow closed down 189.01 points at 9,258.10, MarketWatch reports. The Nasdaq lost 14.55 points, closing at 1,740.33, and the S&P 500 fell 11.29 points to 984.94.
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MARKETS
Fed's attempts to help do nothing for equities in the short term
Wall Street Journal Oct 7, 08 3:31 PM CDT
(Newser)
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Stocks plummeted today, as actions by the Federal Reserve to prop up the commercial-paper market and hints of an interest-rate cut from Ben Bernanke failed to restore investors’ confidence, the Wall Street Journal reports. The Dow fell 508.39 to 9,447.11. The Nasdaq shed 108.08, closing at 1,754.88, and the S&P 500 lost 60.66 to settle at 996.23.
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MARKETS
Commercial paper plan breeds cautious optimism
Wall Street Journal Oct 7, 08 9:02 AM CDT
(Newser)
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Stocks rose at the opening bell today, buoyed by the Fed’s dramatic promise to intervene in the commercial paper market. The Dow rose 79 points at the open, as the Nasdaq and S&P rose 1.1% and 0.8% respectively, the Wall Street Journal reports. Investors also believe the Fed, ECB, and BoE may join forces for a coordinated, international rate cut.
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MARKETS
Bailout doesn't provide quick relief for stocks
MarketWatch Oct 6, 08 3:44 PM CDT
(Newser)
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Stocks saw heavy losses today as investors lost faith in the bailout’s ability to quickly reverse the slumping economy, MarketWatch reports. The Dow closed below 10,000 for the first time since 2004 after managing to claw back from an 800-point intraday loss. The final tick was down 369.88 at 9,955.50. The Nasdaq fell 84.43 to 1,862.96, while the S&P 500 lost 42.34, settling at 1,056.89.
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MARKETS
Bailout progress fails to inspire confidence in equities
MarketWatch Oct 2, 08 3:43 PM CDT
(Newser)
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Stocks fell sharply today as political progress on the bailout failed to encourage traders who were absorbing poor jobs and manufacturing data, MarketWatch reports. The Dow lost 348.22 and closed at 10,482.85, the Nasdaq shed 92.68 to 1,976.72, and the S&P 500 fell 46.78 to 1,114.28.
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MARKETS
Bailout hopes soften poor economic news
Wall Street Journal Oct 1, 08 3:47 PM CDT
(Newser)
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Stocks closed with only mild losses during a volatile session today as traders closely watched Capitol Hill mull over the bailout plan, the Wall Street Journal reports. The Dow closed down 19.59 at 10,831.07. The Nasdaq lost 22.48, closing at 2,069.40, while the S&P 500 dropped 5.30 to close at 1,161.06.
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MARKETS
But indices see big losses for September
Wall Street Journal Sep 30, 08 3:37 PM CDT
(Newser)
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Stocks surged toward the end of today’s session to recover much of yesterday’s losses, but still finished September down, the Wall Street Journa l reports. The markets rallied on confidence that lawmakers would reach agreement on a bailout plan by week’s end, with the Dow up 485.21 at 10,850.66. The Nasdaq climbed 98.60 to 2,082.33, and the S&P 500 gained 58.35 to close at 1,164.74.
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