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October 6, 2008 1:42:20 PM CDT

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Stories related to: markets

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  • October 2008

    • Stocks Rise on Opening Bell

      Wall Street Journal  |  Oct 3, 08 8:48 AM CDT

      Stocks Rise on Opening Bell

      (Newser) - Stocks climbed higher today, buoyed by Wells Fargo’s deal to snatch Wachovia from Citigroup. The Dow is up more than 100 points in early trading, while the Nasdaq and S&P rose 1.7% and 1.5%, respectively. Seemingly ignored was a worse-than-expected employment report, which showed the sharpest drop in nonfarm payrolls since 2003, the Wall Street Journal reports. Many investors were also remaining on the sidelines, awaiting today's House bailout vote. More »

      Tags

      stock market  • Dow Jones Industrial Average  • Citigroup  • markets  • Wachovia  • Wells Fargo  • financial sector

    • Stocks Open Down on Bailout Impatience

      Wall Street Journal  |  Oct 1, 08 8:55 AM CDT

      Stocks Open Down on Bailout Impatience

      (Newser) - Stocks started off on the wrong foot this morning as investors awaited smoke signals from Congress. The Dow dropped 122 points, while the S&P and Nasdaq fell 1.3% and 0.9%, respectively. The session is likely to be a volatile one, with the Senate’s expected bailout vote tonight seen as a major turning point. “Given the political capital invested by all sides, we think that ultimately a deal will be reached,” said one strategist. More »

      Tags

      stock market  • bailout  • Dow Jones Industrial Average  • stocks  • credit market  • markets

  • September 2008

    • New Rescue Hopes Lift Stocks

      Wall Street Journal  |  Sep 30, 08 8:44 AM CDT

      New Rescue Hopes Lift Stocks

      (Newser) - Stocks rose at the open today, as traders bet on a new rescue plan and picked over the wreckage of yesterday’s record-setting drop. The Dow rose almost 218 points, while the Nasdaq and S&P were up 2.5% and 2.6% respectively. “After the absolute carnage we had yesterday there's inevitably going to be some bargain hunting,” said one trader. “Markets are pinning their hopes that a deal can be reached by the end of the week.” More »

      Tags

      bailout  • Dow Jones Industrial Average  • economy  • markets  • financial sector

    • Obama Wants to Hike Deposit Insurance

      Politico  |  Sep 30, 08 8:22 AM CDT

      Obama Wants to Hike Deposit Insurance

      (Newser) - Barack Obama today proposed to revive the $700 billion bailout lying bloodied on the House floor with a provision increasing federal insurance to $250,000 from the current $100,000, Politico reports. The presidential hopeful called it “a step that would boost small businesses, make our banking system more secure, and help restore public confidence in our financial system.” More »

      Tags

      Barack Obama  • Election 2008  • bailout  • economy  • markets  • FDIC

    • Market to Congress: Time's Up

      New York Times  |  Sep 27, 08 11:50 AM CDT

      Market to Congress: Time's Up

      (Newser) - Henry Paulson’s bailout plan isn’t perfect, writes Joe Nocera in the New York Times , but we have to enact it anyway because time has run out. “With every passing day, Congress is fiddling while Rome is burning,” says Nocera, just last week a bailout opponent. Lawmakers need an agreement Monday, he predicts, to avoid a Wall Street revolt. “No deal, no credit markets. It’s as basic as that.” More »

      Tags

      Congress  • bailout  • Henry Paulson  • credit market  • markets

    • Stocks Sink; Bush Pledges Deal

      Wall Street Journal  |  Sep 26, 08 8:52 AM CDT

      Stocks Sink; Bush Pledges Deal

      (Newser) - Socks plummeted today as confidence in the federal bailout program evaporated and investors absorbed the collapse of Washington Mutual. The Dow fell 140 points after the opening bell, while the Nasdaq dropped 2.2% and the S&P fell 1.7%, the Wall Street Journal reports. President Bush gave a brief statement promising that Congress was working toward a deal and would "get a package passed," but he offered no details. "There is no disagreement that something substantial should be done," Bush said. More »

      Tags

      stock market  • bailout  • markets  • Wachovia  • Washington Mutual  • financial sector

    • Eyes on DC, Stocks Lift at Bell

      Wall Street Journal  |  Sep 25, 08 8:55 AM CDT

      Eyes on DC, Stocks Lift at Bell

      (Newser) - An estimate cut from GE couldn’t keep the markets down this morning, as bailout optimism drove the Dow up 88 points, with the Nasdaq and S&P each raising 0.7%, the Wall Street Journal reports. GE slumped 4% premarket after cutting its third-quarter estimates, and predicted that “difficult conditions in the financial-services markets are not likely to improve in the near future.” More »

      Tags

      stock market  • bailout  • markets  • General Electric  • third quarter earnings

    • Buffett's Goldman Buy Stabilizes Stocks

      Wall Street Journal  |  Sep 24, 08 9:16 AM CDT

      Buffett's Goldman Buy Stabilizes Stocks

      (Newser) - Stocks rose slightly at the open, reports the Wall Street Journal, buoyed by Warren Buffett’s $5 billion vote of confidence in Goldman Sachs. The Dow Jones rose 21 points, while the S&P rose 0.3%, and the Nasdaq 0.9%. Capitol Hill will again command Wall Street's attention today, and while Congress may be skeptical, Buffett is behind the bailout plan. “I think it was the last thing Hank Paulson wanted to do, but there's no Plan B for this,” he said. More »

      Tags

      Congress  • stock market  • Dow Jones  • Goldman Sachs  • markets  • Warren Buffett

    • Stocks Creep Up at Open

      Wall Street Journal  |  Sep 23, 08 9:14 AM CDT

      Stocks Creep Up at Open

      (Newser) - Stocks moved slightly upward at the opening bell today, as investors anxiously watched Washington for bailout signals, the Wall Street Journal reports. The Dow rose 75 points at the open, with the Nasdaq and S&P both up more than 0.8%. The positive open follows a big drop yesterday as traders worried the bailout would get caught up in Congress. More »

      Tags

      bailout  • Henry Paulson  • Ben Bernanke  • markets

    • Stocks Edge Lower at Open

      Wall Street Journal  |  Sep 22, 08 9:04 AM CDT

      Stocks Edge Lower at Open

      (Newser) - Stocks declined slightly at open, as big buybacks from Microsoft, HP, and Nike were offset by general financial sector pessimism. The Dow dropped 85 points at the bell, while the S&P fell 0.5% and Nasdaq dropped 0.6%. Microsoft rose 4.9%, after announcing a $40-billion buyback and 18% dividend boost, while Morgan Stanley rose 14% on news that Mitsubishi would buy up to 20% of the firm. More »

    • SEC Halts Short Selling on Financial Stocks

      CNNMoney  |  Sep 19, 08 6:56 AM CDT

      SEC Halts Short Selling on Financial Stocks

      (Newser) - The SEC temporarily banned short-selling of 799 financial companies today, an “emergency action" aimed at slowing sliding stock prices that have rattled investors’ confidence in recent weeks, CNNMoney reports. The practice, in which in investors borrow stock and sell it, hoping to buy it back cheaper and pocket the difference when the price declines, is thought to be partially responsible for recent worldwide market declines. More »

      Tags

      stock market  • markets  • short selling  • global market  • stock price  • stock buyback

    • Bears Send Dow Down 350

      MarketWatch  |  Sep 17, 08 11:45 AM CDT

      Bears Send Dow Down 350

      (Newser) - Bears are running wild on Wall Street today, with the Dow down as much as 350 points by midday, MarketWatch reports. The Fed’s rescue of AIG seemed to do little to reassure investors, as the financial sector continued to plummet; Morgan Stanley fell as much as 40%, despite a better-than-expected earnings report, and Goldman Sachs fell 23%. More »

      Tags

      S&P 500  • AIG  • markets  • Morgan Stanley  • NASDAQ  • Dow

    • Speculation on New Fed Rate Cut Tempers Losses

      Bloomberg  |  Sep 16, 08 10:44 AM CDT

      Speculation on New Fed Rate Cut Tempers Losses

      (Newser) - Stocks swung upward after big opening losses today, the Wall Street Journal reports, helped by speculation that the Federal Reserve might step in to help AIG and cut interest rates. The Dow, down 155 early, was just barely negative before noon, with a similar pattern from other indices. “We're in uncharted territory,” one funds manager told Bloomberg. “There's no real historic precedent for what we're going through.” More »