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October 2008
- Stocks Rise on Opening Bell
  
  Wall Street Journal | Oct 3, 08 8:48 AM CDT
  
  (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 »
- Dow Reels on Economic Fears
  
  MarketWatch | Oct 2, 08 3:43 PM CDT
  
  (Newser) - 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. More »
- Stocks Fall Despite Senate Vote
  
  Wall Street Journal | Oct 2, 08 9:00 AM CDT
  
  (Newser) - Senate approval of the bailout bill wasn’t enough to calm investors this morning, as the Dow posted a modest 51-point decline. Driving the pessimism was a report that new jobless claims have hit a new 7-year low, the Wall Street Journal reports. The S&P and Nasdaq each fell 0.6%. “The market doesn't like uncertainty and that's what we’re focusing on right now,” said one strategist. “We're playing wait-and-see.” More »
- Buffett Grabs $3B Chunk of GE
  
  Reuters | Oct 2, 08 3:59 AM CDT
  
  (Newser) - Mega-pockets investor Warren Buffett is sinking $3 billion into General Electric, whose share prices have slumped a third amid the financial chaos on Wall Street, Reuters reports. Buffet, 78, negotiated a 10% dividend, which could generate $300 million income a year. The move comes a week after he invested $5 billion in Goldman Sachs. More »
- Mild Losses as Street Waits
  
  Wall Street Journal | Oct 1, 08 3:47 PM CDT
  
  (Newser) - 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. More »
- Stocks Open Down on Bailout Impatience
  
  Wall Street Journal | Oct 1, 08 8:55 AM CDT
  
  (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 »
- IMF to US: Do Something NOW
  
  Guardian (UK) | Oct 1, 08 7:30 AM CDT

Stories

Stocks Rise on Opening Bell

Dow Reels on Economic Fears

Stocks Fall Despite Senate Vote

Buffett Grabs $3B Chunk of GE

Mild Losses as Street Waits

Stocks Open Down on Bailout Impatience

IMF to US: Do Something NOW