Dow Jones

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Dow Cracks Milestone in Morning Trading

Index hits 29K for the first time

(Newser) - The monthly jobs report may have come in softer than expected , but that didn't prevent the Dow from reaching a milestone Friday morning. The index hit 29,000 for the first time, reports CNBC . It has since been fluctuating below that mark. The development comes after stocks rose to... More »

Stocks Manage Modest Gains

Dow closes at 28,703

(Newser) - Stocks shook off an early loss and managed modest gains on Wall Street as traders remain cautious about rising tensions between the US and Iran. Gold touched its highest price in nearly seven years Monday and oil prices added to their big gains from Friday after a US drone killed... More »

Markets Are 'Almost a Carbon Copy of Yesterday'

Dow falls 102 points

(Newser) - Major stock indexes ended a wobbly day of trading on Wall Street mostly lower Tuesday, as losses in energy companies and department store operators edged out gains elsewhere in the market. A solid showing for technology sector stocks helped lift the Nasdaq composite to another all-time high, while the S&... More »

Dow Hits a Milestone

Index reaches a new intraday high

(Newser) - The stock market opened in milestone fashion Monday morning—the Dow quickly rose 138 points to hit an intraday high of 27,486, reports the Wall Street Journal . If this holds up, the Dow would post its first record close since July 15, notes MarketWatch . The Nasdaq and S&P... More »

Dow Falls Nearly 400 Points

Wall Street's 2-week slide continues

(Newser) - Banks and technology companies led stocks broadly lower on Wall Street, extending a two-week slide brought on by escalations of the trade conflict between the US and China that investors fear will slow down the global economy, reports the AP . The Dow Jones Industrial Average fell almost 400 points Monday.... More »

The Dow Just Had a Major First

It broke 27K, a day after S&P 500 went above 3K for first time

(Newser) - Technology and communications companies pushed stocks higher on Wall Street in early trading Thursday, extending the market's gains from the day before. The early buying briefly nudged the Dow Jones Industrial Average above the 27,000-point mark for the first time, a day after the S&P 500 made... More »

Dow Closes Early, and at a Record High

Holiday curtailed the trading day, but the finish was a big one

(Newser) - Major US indexes closed at record highs on a holiday-shortened trading day: The Dow Jones Industrial Average on Wednesday easily beat the record it marked in October, rising 179 points, or 0.7%, to 26,966. The S&P 500 closed at its third straight record high, up 22 points... More »

Trade Deal Hopes Send Dow Up 353 Points

Dow adds 353 points

(Newser) - Stocks closed broadly higher Tuesday as traders hoped that a meeting next week between President Trump and Xi Jinping of China could ease trade tensions between the two economic powers. The AP reports technology and industrial companies, which would benefit the most from easing trade tensions, rose more than the... More »

Health Care Gets Hammered

Possible congressional reforms spark fears on Wall Street

(Newser) - Stocks are closing lower on Wall Street Wednesday as losses by health care companies outweigh gains elsewhere in the market, the AP reports. Investors hammered insurers amid fears over the potential impact on their profits from health reforms being discussed in Congress. Anthem fell 3.6%, Cigna lost 3.7%,... More »

Back to the Red: Market Has a Brutal Opening

Dow was down more than 400 points early

(Newser) - Wall Street's wild Christmas week rolls on. The Dow Jones Industrial Average fell more than 430 points in the first hour of trading Thursday, a day after notching its biggest-ever one-day point gain . Technology companies, health care stocks, and banks, all big gainers on Wednesday when the market had... More »

Stock Market Just Had One of Worst Christmas Eves Ever

Dow plunges 650

(Newser) - So much for the Santa rally on Wall Street. The stock market tanked again Monday in a short trading day, making for one of its worst Christmas Eves on record, per the Washington Post . The Dow fell 653, or 2.9%, to 21,792; the S&P 500 fell 65,... More »

Despite Mnuchin's Comments, Stock Market Sinks Again

Dow flirts with dipping below 22K

(Newser) - Treasury chief Steven Mnuchin made an unusual move over the weekend in an attempt to soothe rattled financial markets. But based on the stock market's open, it appears that Mnuchin's call to the CEO of the six largest US banks didn't help. In fact, one financial analyst... More »

Another Brutal Day on Wall Street

Dow plunges 464

(Newser) - Another miserable day on Wall Street knocked 464 points off the Dow Jones Industrial average, bringing its losses since Friday to more than 1,700 points, the AP reports. The index is now down more than 10% for December, putting it on track for its worst monthly loss in almost... More »

Tech Rout Erases Market's Gain for the Year

Dow ends day down 551

(Newser) - Stocks are closing sharply lower, erasing the market's gains for the year, as losses for big technology companies like Apple mount, the AP reports. Apple sank 4.8% Tuesday. Retailers also fell sharply. Target plunged 10.5% after reporting weak results. Victoria's Secret parent company L Brands fell... More »

Markets Off to Brutal Start

Dow falls more than 500, putting 2018 gains at risk

(Newser) - Stocks are skidding again on Wall Street as a tech rout continues and several big retailers report weak results, per the AP . Apple sank another 3.6% in early trading Tuesday and Microsoft gave up 3.3%. Target, meanwhile, plunged 9.5% after missing Wall Street's earnings estimates. In... More »

Trump Has Explanation for Market's 'Little Pause'

It's because of the midterms, he says, warning that Democrats will make things worse

(Newser) - President Trump has repeatedly celebrated the stock market's rise under his watch, and on Tuesday he chalked up Wall Street's rough October to concern about the midterms. "The Stock Market is up massively since the Election, but is now taking a little pause — people want to... More »

Markets Rebound at Start of Trading

Dow rose more than 200 points after Wednesday's plunge

(Newser) - Thursday is looking much better than Wednesday on Wall Street. Stocks opened higher after a sharp sell-off the previous day erased the market's gains for the year . In the first hour of trading Thursday, the Dow rose more than 200 points, shy of 1%, and the S&P 500... More »

Rough Day for Stocks, Scary Warning on Housing

Dow falls more than 400 points

(Newser) - It's shaping up to be a bleak day on Wall Street, with the Dow falling more than 400 points at the open. The S&P 500 and Nasdaq were in similar straits. The Wall Street Journal chalks up the declines to lousy earnings reports from blue chips Caterpillar and... More »

Second Day of Huge Losses for US Stocks

Dow falls 546 points

(Newser) - US stocks sank more than 2% Thursday, the second day of steep declines around the globe driven by concerns about rising interest rates and trade tensions, the AP reports. The Dow Jones Industrial Average dropped 546 points after dropping 831 points Wednesday. The two-day loss of 5.3% is the... More »

Jeff Bezos Just Lost $9B

As Dow plunged 832 points

(Newser) - Wednesday's stock market plunge hit Jeff Bezos harder than any other billionaire, USA Today reports. The Amazon founder and CEO lost more than $9 billion during the selloff, which saw the Dow dive 832 points. Of course, Bezos is still doing pretty well for himself; he's still sitting... More »

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