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Started by C Miller; Last updated Feb 28, 08 3:25 PM CST by K Schwartz | View history

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The Markets

Record highs meet crashing lows: Our weekday wraps keep tabs on the markets' movement

Stories

Stories 241 - 260 of 331

<< Prev 1 ... 9 10 11 12 13 14 15 16 17 Next >>

November 2007
- Oil May Break $100 Barrier This Week
  
  newser | Wall Street Journal | Nov 5, 07 3:37 AM CST
  
  With oil prices poised to break $100 a barrel this week, potentially punching through the inflation-adjusted record of $101.70 in 1980, speculation shifts to how long it will stay there. The steep rise—27% in 3 months—could set the stage for a dramatic fall. "We probably are headed to a hundred bucks, but I would expect a violent correction very soon," one broker tells the Wall Street Journal . More »
- Stocks Edge Up on Mixed Day
  
  newser | Wall Street Journal | Nov 2, 07 3:34 PM CDT
  
  The major indexes saw small gains today despite turmoil in the financial sector and skepticism about a positive jobs report. The Dow climbed 27.23 points to 13,595.10, the Nasdaq added 15.55 to close at 2,810.38, and the S&P 500 gained 1.21 to 1,509.65. Merrill Lynch nosedived 10% on the Journal ’s report of hedge fund dealings meant to postpone revealing the extent of losses in mortgage-related securities. More »
- Asian Markets Dive on US Fears
  
  newser | Bloomberg | Nov 2, 07 5:44 AM CDT
  
  Stocks plummeted across Asia today, sustaining the biggest losses in more than two months after concerns that Citigroup might be short of cash rattled investors. Mitsubishi UFJ, the largest bank in Japan, dropped 6% as the Nikkei fell to 16,517.48, a 2.1% fall. Financial shares led the declines as Asian banks worry that subprime woes will continue to undermine earnings. More »
- Stocks Plummet; Dow Off 362
  
  newser | Wall Street Journal | Nov 1, 07 3:49 PM CDT
  
  Stocks turned sharply downward today—including a 362-point plunge by the Dow—on concerns over yesterday's Fed rate cut and bad news from Exxon Mobil and Citigroup. The cut led to "nervousness that there's another shoe to drop," a analyst told the Wall Street Journal . The Dow was down 362.14 to 13567.87, the Nasdaq off 64.29 to 2794.83, and the S&P fell 40.94 to 1508.44. More »
- Early Stock Dive Wipes Out Fed-Rate Rally
  
  newser | Wall Street Journal | Nov 1, 07 10:54 AM CDT
  
  Stock fell sharply at the opening today, wiping out yesterday's rally spurred by the Fed's rate cut. The Dow was down by over 250 points in early trading, spurred by several bits of bad news, including an Exxon earnings plunge and a Citigroup downgrade. But the Wall Street Journal speculates that traders also had time to think about why the Fed thought a rate cut was needed. "The market's reflecting nervousness that there's another shoe to drop in the financial sector," says one trader. More »
- Oil Jumps Again, Cracks $96 a Barrel
  
  newser | Associated Press | Nov 1, 07 5:32 AM CDT
  
  The price of oil smashed yet another record yesterday, rising more than $96 a barrel after a surprise announcement of diminished US crude stockpiles. The unexpected shortfall in American petroleum before winter worried investors and sent prices soaring. The Fed's rate cut also helped push prices higher, since a drop in rates tends to lower the value of the dollar. More »
October 2007
- Stocks Up on Fed's Rate Cut
  
  newser | Bloomberg | Oct 31, 07 3:46 PM CDT
  
  Stocks rose today on the heels of the Fed's quarter-point cut of a key interest rate and good news about the GDP. "The Fed may be done here," a Boston strategist told Bloomberg. "We don't need them anymore, and the market is taking consolation in that." The Dow was up 137.54 to 13,930.01, the Nasdaq 42.41 to 2,859.12, and the S&P 18.36 to 1,549.38. More »
- Oracle CEO Sells Off $500M, With More To Come
  
  newser | Wall Street Journal | Oct 31, 07 11:10 AM CDT
  
  The CEO of Oracle sold off half a billion dollars of stock, but analysts contend that the liquidation shouldn't worry investors. Markets noticed when Larry Ellison sold 26 million shares of the software company he founded in 1977. But the Wall Street Journal writes that past sell-offs haven't triggered broad declines - and Ellison plans to unload another 76 million shares in coming months. More »
- Fed Doubts Drive Stocks Down
  
  newser | Wall Street Journal | Oct 30, 07 3:51 PM CDT
  
  Stocks closed down today as confidence that the Fed will cut interest rates tomorrow faded. The Journal reported that policymakers are considering no cut at all, meaning borrowing costs may stay high. The Dow slipped 77.79 to 13,792.47, the S&P 500 was down 9.96 to 1,531.02, and the Nasdaq fell 0.73 to 2,816.71. More »
- Exxon Gives Markets a Boost
  
  newser | Bloomberg | Oct 29, 07 3:47 PM CDT
  
  Stocks rose again today as Exxon Mobil rode record crude prices to its greatest gains in 3 weeks, Bloomberg reports. The Dow was up 63.56 to 13,870.26, the Nasdaq 13.25 to 2,817.44, and the S&P 500 5.70 to 1,540.98. Continuing hopes of a Fed rate cut and news of Merrill Lynch's ouster of Stan O'Neal also drove the rally, the Journal reports. More »
- Wall Street Watching Fed's High Wire Act
  
  newser | Associated Press | Oct 28, 07 6:32 PM CDT
  
  All eyes are on the Fed this week, with Wall Street expecting a quarter-point rate cut when the group meets Tuesday and Wednesday. But the decision is an usually tough one, the AP reports, with the tight rope between controlling inflation and keeping markets fluid more precarious than it has been for a while. Most investors think the Fed is more concerned about the credit crunch, but how long it will feel that way is unclear. More »
- Merrill Lynch Sizes Up Potential CEOs
  
  newser | Reuters | Oct 26, 07 4:49 PM CDT
  
  With Stan O'Neal all but ousted after an $8.4 billion writedown mostly on subprime loans and an overture to Wachovia, Merrill Lynch is on the hunt for a new chairman and CEO. Candidates include BlackRock's Larry Fink, NYSE Euronext's John Thain, and in-house contender Robert McCann, Reuters reports. Sources tell CNBC O'Neal will be gone this weekend. More »
- Stocks Up on Microsoft Earnings
  
  newser | Bloomberg | Oct 26, 07 3:42 PM CDT
  
  Optimism prevailed on Wall Street today as Microsoft clobbered estimates and Countrywide promised the worst was behind it. The tech-heavy Nasdaq led the way, gaining 53.33 to finish at 2,804.19. The S&P 500 rose 20.87 to 1,535.28; 65% of its components have beaten estimates so far. The Dow finished at 13,806.70, up 134.78 to wrap up a winning week. More »
- Oil Prices Send Stocks Spilling
  
  newser | Wall Street Journal | Oct 25, 07 3:40 PM CDT
  
  Stocks headed downward again today, spurred by oil prices making a return to record territory. The price of crude hit $90.50 a barrel as traders reacted to yesterday's data predicting limited availability. "Oil is up—that doesn't help. And financials are getting hit," says one trader. The Dow was down 3.33 to 13,671.92, while the Nasdaq slipped 23.90 to 2,750.86, and the S&P 1.48 to 1,514.40. More »
- Stocks Recoup After Nasty Dive
  
  newser | Bloomberg | Oct 24, 07 3:46 PM CDT
  
  Stocks did their best to battle back today after taking a hit from Merrill Lynch's dismal quarterly report, Bloomberg reports. Most of the losses were made up by the bell thanks to growing hopes of an October 31 rate cut from the Fed. The Nasdaq fell 24.5 to 2,774.76, the S&P 500 was down 3.71 to 1,515.88, and the Dow ended down 0.98 at 13,675.25. More »
- Apple Numbers Lift Markets
  
  newser | Wall Street Journal | Oct 23, 07 3:38 PM CDT
  
  Stocks closed up today, thanks partially to good news from Apple, which reported a 67% increase in quarterly profit after yesterday's close. Tech in general continued to bolster the markets despite broader economic worries. The Dow rose 109.26 to 13,676.23, the Nasdaq was up 45.33 to 2,799.26, and the S&P 500 climbed 13.26 to 1,519.59. More »
- Afternoon Rally Fades, Revives
  
  newser | Wall Street Journal | Oct 22, 07 3:45 PM CDT
  
  The markets seesawed today as an afternoon rally faded then revived, led by the tech-heavy Nasdaq. Friday's bloodbath lingered into this morning, but a speech by Fed governor Randall Kroszner raised hopes for a rate cut, reports the Journal. The Dow closed up 44.95 at 13,566.97, the Nasdaq up 28.77 at 2,753.93, and the S&P up 5.70 at 1,506.33. More »
- Dollar, Oil Woes Weigh on Market
  
  newser | Wall Street Journal | Oct 18, 07 3:48 PM CDT
  
  Stocks mostly finished where they began today, despite the dollar hitting a record low against the euro and continued record-busting oil prices ($89.45 a barrel). Weak Bank of America profit figures started off the day badly, the Wall Street Journal reports. The Dow was down 3.58 to 13888.96, the Nasdaq up 6.64 to 2799.31, and the S&P down 1.16 to 1540.08. More »
- A Mixed Day on Wall Street
  
  newser | MarketWatch | Oct 17, 07 3:52 PM CDT
  
  A grim financial sector and ever-rising oil prices cancelled an encouraging tech rally during a so-so day in the markets. Yahoo and Intel reported sunny profits, but news of oil clearing the $89 mark doused the rally. The Dow finished down 20.4 to 13,892.54, the S&P rose 2.71 to 1,541.24, and the Nasdaq was up 28.76 to 2,792.67. More »
- Stocks Slide for a Second Day
  
  newser | Wall Street Journal | Oct 16, 07 3:39 PM CDT
  
  Stocks slid today for a second consecutive session following an ambiguous speech by Ben Bernanke and record-busting oil prices that topped $88. The Fed chairman offered a so-so assessment of the markets but no clues about rate cuts. The Dow fell 71.86 to 13,912.94, the S&P dropped 10.18 to 1,538.53, and the Nasdaq lost 16.14 to close at 2,763.91. More »

Stories 241 - 260 of 331

<< Prev 1 ... 9 10 11 12 13 14 15 16 17 Next >>

William Brazer of Van der Moolen Specialists is framed by monitors on the floor of the New York Stock Exchange, Wednesday, Sept. 5, 2007, in New York. Stocks fell sharply as a jittery Wall Street sold... (Associated Press)

A television screen in a booth on the floor of the New York Stock Exchange shows the rate decision of the Federal reserve, Tuesday, Sept. 18, 2007. The Federal Reserve cut a key interest rate, Tuesday,... (Associated Press)

A television screen in a booth on the floor of the New York Stock Exchange shows the rate decision of the Federal reserve, Tuesday, Sept. 18, 2007. The Federal Reserve cut a key interest rate, Tuesday,... (Associated Press)

Traders give each other a high five on the floor of the New York Stock Exchange shortly after the closing bell, Monday, Oct. 1, 2007 in New York. Wall Street began the fourth quarter with a huge rally... (Associated Press)

Specialist Andrew Smith, right, interacts with traders at the post that handles Alcoa on the floor of the New York Stock Exchange, Wednesday morning, Oct. 10, 2007. Alcoa Inc. ushered in earnings season... (Associated Press)

A pair of traders get together on the floor of the New York Stock Exchange, Tuesday morning, July 24, 2007. Wall Street pulled back sharply in early trading Tuesday following several disappointing earnings... (Associated Press)

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