MARKETS
Another drop in crude, good news from Wells Fargo brings out the bulls
Wall Street Journal Jul 16, 08 3:27 PM CDT
(Newser)
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The markets rallied big today, as the price of oil fell for a second day and financials regained some of the ground lost in recent chaotic sessions, the Wall Street Journal reports. The Dow gained 276.74 to go back over the 11,000 mark, at 11,239.28. The Nasdaq rose 69.14, settling at 2,284.85, and the S&P 500 gained 30.45, closing at 1,245.36.
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MARKETS
Fannie, Freddie continue to sink; regional banks hit hard
MarketWatch Jul 15, 08 3:34 PM CDT
(Newser)
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The markets ended mixed today after a seesaw session. An $8 decline in crude encouraged investors, but concerns about the fate of the mortgage GSEs and regional banks persisted, MarketWatch reports. The Dow ended down 93.39 at 10,961.80, the first time in over 2 years the average has closed below 11,000. The Nasdaq gained 2.84 to close at 2,215.71, and the S&P 500 fell 13.39 to 1,214.91.
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MARKETS
Anxiety over Fannie, Freddie, fate of regional banks kill early rally
MarketWatch Jul 14, 08 3:31 PM CDT
(Newser)
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The markets saw modest losses today, erasing an early-session rally spurred by the announcement of a government bailout plan for Freddie Mac and Fannie Mae as investors mulled the ramifications of a government rescue, MarketWatch reports. The Dow fell 45.35 points, closing at 11,055.19. The Nasdaq shed 26.21, closing at 2,212.87, and the S&P 500 lost 11.19, to close at 1,228.30.
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MARKETS
Anxiety over Freddie, Fannie, plus higher crude, gives markets a bad day
Wall Street Journal Jul 11, 08 3:49 PM CDT
(Newser)
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The markets saw losses today, battered by continued worries over the solvency of mortgage guarantors Fannie Mae and Freddie Mac and a fresh spike in crude prices, MarketWatch reports. The Dow fell 128.48, to 11,100.54. The Nasdaq shed 18.77, closing at 2,239.08, while the S&P 500 lost 13.90 to close at 1,239.49.
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MARKETS
Financials rally as outlook darkens for government lenders
MarketWatch Jul 10, 08 3:39 PM CDT
(Newser)
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The markets ended with modest gains today, led by a rally in financials despite continued anxiety over the future of Freddie Mac and Fannie Mae, MarketWatch reports. Treasury chief Henry Paulson and Ben Bernanke's call for greater regulatory powers encouraged investors. The Dow gained 81.58 points to 11,229.02, the Nasdaq rose 22.96 to 2,257.85, and the S&P 500 gained 8.70 to 1,253.39.
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MARKETS
Trouble at Cisco, Intel spurs sell-off; bumpy ride for financials, too
Wall Street Journal Jul 9, 08 3:37 PM CDT
(Newser)
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Stocks fell today as investors saw weakness across the economy, particularly in tech bellwethers Cisco and Intel, MarketWatch reports. Oil also rebounded from a two-day fall, trading up 65 cents to $136.69 a barrel. The Dow fell 236.77, closing at 11,147.44. The Nasdaq shed 59.55 to close at 2,234.89, and the S&P 500 lost 29.01, settling at 1,244.69.
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MARKETS
Bernanke's comments encourage the battered financial sector
MarketWatch Jul 8, 08 3:38 PM CDT
(Newser)
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The markets made strong gains today as crude futures fell more than $5 and the Fed took steps to shore up the housing market, MarketWatch reports. The Dow gained 152.25 points, its biggest jump in a month, to close at 11,384.21. The Nasdaq rose 51.10 points to 2,294.42, and the S&P 500 rose 21.39 points to 1,273.70.
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MARKETS
S&P 500 off 20% from October high
MarketWatch Jul 7, 08 3:38 PM CDT
(Newser)
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The markets saw modest losses today after a rally spurred by a drop in crude prices sputtered over capital concerns at Fannie Mae and Freddie Mac, MarketWatch reports. The Dow fell 56.58 to 11,231.96, the Nasdaq dropped 2.06 to 2,243.32, and the S&P 500 fell 10.59 to 1,252.31.
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MARKETS
Perked-up GM helps send Dow into holiday weekend on gain
Wall Street Journal Jul 3, 08 12:42 PM CDT
(Newser)
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The markets ended mixed today amid flat economic news, MarketWatch reports. With volume light ahead of the holiday, General Motors enjoyed a rebound after a sharp fall yesterday helped push the market into bear territory. The Dow gained 73.03 to close at 11,288.54. The S&P 500 gained 1.38, closing at 1,262.90, while the Nasdaq lost 6.08 and settled at 2,245.38.
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Nasdaq also falls more than 20% from its high
Wall Street Journal Jul 2, 08 3:33 PM CDT
(Newser)
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Skidding stocks sent the Dow and Nasdaq into bear territory as oil hit a record near $144 a barrel, the Wall Street Journal reports. Besides oil, bad news from GM and weak jobs data darkened the street’s mood. The Dow fell 166.75 points to 11,215.51, down 20.8% from its record high in October. A drop of 20% is the traditional threshold for a bear market. The Nasdaq fell 53.51 points to 2,251.46, and the S&P 500 fell 23.38 points to 1,261.53.
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MARKETS
Oil surges past $140 as dollar weakens, financials downgraded
Wall Street Journal Jun 26, 08 3:37 PM CDT
(Newser)
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Stocks plunged today due to the convergence of bad news across all sectors of industry against the backdrop of oil’s first surge over $140 a barrel, the Wall Street Journal reports. The Dow plummeted to a 2-year-low, shedding 358.41 to 11,453.42. The Nasdaq fell 79.89, settling at 2,321.37, and the S&P 500 fell 38.82 to close at 1,283.15.
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MARKETS
Oil drop, Fed's confidence in growth not enough to preserve rise
Wall Street Journal Jun 25, 08 3:36 PM CDT
(Newser)
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The markets rallied for much of the day on news of ebbing oil prices and the Fed's decision to hold rates steady, but it fell mostly flat by the finish on nagging worries about long-term growth, the Wall Street Journal reports. The Dow—at one point up more than 100 points—added 4.40 points to 11,811.83. The Nasdaq climbed 32.98 points to 2,401.26, while the S&P 500 rose 7.68 points to 1,321.97.
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