Dow Jones – News Stories About Dow Jones - Page 93

Mar 8, 2009 5:54 AM CDT

Dow Will Hit 36,000, Er, Sometime

'I just can't tell you when,' says Dow 36,000 author

(Newser) - The author of the book Dow 36,000—which predicted massive stock market growth—still believes the market will hit that astronomically high number—but he's not saying when. OK, maybe a "calmer title might have been better," for his 1999 tome, James K. Glassman conceded in a...

Dow Up 32; Big Weekly Losses

MARKETS

Mar 6, 2009 3:23 PM CST

Dow Up 32; Big Weekly Losses

Investors quit trying to call a recovery

(Newser) - Stocks ended mixed after falling for most of today as investors lost hope in a quick recovery, the Wall Street Journal reports. With the job market reaching new lows, General Motors took another big fall. Apple, Verizon and Amazon also saw losses. The Dow pulled up in the last half-hour...

No, It's a Terrific Time to Panic

OPINION

Mar 6, 2009 12:22 PM CST

No, It's a Terrific Time to Panic

Market prognosticators don't know what they're talking about

(Newser) - When the Dow plunged 300 points Monday, one money manager called it “the best buying opportunity we’ve seen in years.” Joe Queenan isn’t so sure. “The best buying opportunity in years is now 14 months old,” he writes in the Los Angeles Times. As...

Markets Inch Up

MARKET Open

Mar 6, 2009 8:48 AM CST

Markets Inch Up

(Newser) - Stocks attempted to mount a rally this morning, following yesterday’s 4.1% Dow plunge. The Dow rose 69 points, while the S&P added 1% and the Nasdaq 0.5%, the Wall Street Journal reports. That move came despite a gruesome jobs report that saw unemployment jump to a...

Suddenly, Blue Chips
Are Penny Stocks

Mar 6, 2009 7:52 AM CST

Suddenly, Blue Chips Are Penny Stocks

Nobody's too big to sell

(Newser) - America's once-mightiest stocks have been humbled. Blue chips such as Citigroup, GE, and GM are trading at laughable levels, with Citgroup shares even going under a dollar yesterday. Analysts offer two main reasons for the troubles of big companies: they relied on offering financing to customers, which killed them in...

Stocks Plummet; Dow Falls 281

MARKETS

Mar 5, 2009 3:24 PM CST

Stocks Plummet; Dow Falls 281

Dow blows by Tuesday low

(Newser) - Stocks fell today, with the Dow passing the bear-market low it set Tuesday, and two giants of US banking and manufacturing trading at less than $2, MarketWatch reports. Mounting problems at Citigroup and General Motors drove their shares to $1.02, and $1.95, respectively. The Dow dropped 281.40...

GM Drives Stocks Back Down

MARKET Open

Mar 5, 2009 8:49 AM CST

GM Drives Stocks Back Down

I bet you didn't even notice the pun

(Newser) - Bears made short work of yesterday’s rally, driving the Dow down 120 points at the open today after GM said its auditors doubted it could continue operating. The S&P sunk roughly 2%, while the Nasdaq fell 1.6%. GM shares plummeted 13%, and are trading below $2. Ford...

Stocks Bounce, Dow Up 150

MARKETS

Mar 4, 2009 3:15 PM CST

Stocks Bounce, Dow Up 150

Optimism on Chinese stimulus felt around the world

(Newser) - Stocks made gains today as a rally in China’s Shanghai Composite lifted several sectors, the Wall Street Journal reports. Optimism over further stimulus efforts by Beijing lifted shares of firms in manufacturing, mining, and technology stocks around the world on hope of increased Chinese demand. The Dow Jones rose...

China's Rally Sends Stocks Up

MARKET Open

Mar 4, 2009 8:38 AM CST

China's Rally Sends Stocks Up

(Newser) - Stocks surged at today’s open, tracking a huge rally in China, the Wall Street Journal reports. The Dow climbed 100 points, while the S&P and Nasdaq each added 1.8%. That followed a more than 6% leap in the Shanghai Composite, on strong manufacturing data and stimulus discussion....

Stocks Gyrate; Dow Down 37

MARKETS

Mar 3, 2009 3:20 PM CST

Stocks Gyrate; Dow Down 37

Investors hope yesterday's sell-off brings the market close to a floor

(Newser) - Stocks looked set for rallies several times during today’s session in the wake of yesterday’s sell-off, but closed with mild losses, the Wall Street Journal reports. Shares of General Motors and Ford fell after both reported declining sales for February. The Dow fell 37.27 to close at...

Stocks Inch Up After Plunge

MARKET Open

Mar 3, 2009 8:48 AM CST

Stocks Inch Up After Plunge

(Newser) - Stocks limped higher at the open today, after a punishing Monday session that left the Dow below 7,000, its worst levels since April 1997. Today the Dow was up 80 points in early trading, the Wall Street Journal reports, while the S&P and Nasdaq added 1.6% and...

Dow Drops 300 to
Lowest Close Since '97

MARKETS

Mar 2, 2009 3:18 PM CST

Dow Drops 300 to Lowest Close Since '97

Index makes a beeline for 6,000

(Newser) - Investors sold stock in droves today amid continued financial-sector woes and a poor report on manufacturing, the Wall Street Journal reports. Financials sank, and the manufacturing woes sent General Electric, Boeing, Caterpillar and 3M into downward spirals. The Dow fell 299.64 to close at 6,763.29. The Nasdaq...

Dow Drops Below 7000

MARKETS

Mar 2, 2009 8:45 AM CST

Dow Drops Below 7000

(Newser) - Stocks sunk below 7000 at the open today, extending a global selloff fueled by trouble in financials. The Dow was off 161 points by mid-morning, while the S&P tumbled 2.5%, the Nasdaq 1.9%. Bad news abounded, with HSBC saying it planned to limit US lending, AIG’s...

Dow Falls 119 on Citi Fears

MARKETS

Feb 27, 2009 3:23 PM CST

Dow Falls 119 on Citi Fears

(Newser) - The government’s move to downgrade its shares in Citigroup pushed the Dow down today, Bloomberg reports. Not helping was news that GDP contracted 6.2% in the last quarter, and the end to a weeklong rally by other big banks. The Dow fell 119.15, to 7,062.93;...

Stocks Plunge on GDP, Citi

MARKET Open

Feb 27, 2009 8:44 AM CST

Stocks Plunge on GDP, Citi

(Newser) - Stocks took an early dive today, as investors digested a bleak GDP report and Citigroup’s new rescue package, the Wall Street Journal reports. The Dow tumbled about 125 points, while the S&P lost 2%. The Nasdaq dropped 1.1%. Citigroup shares plummeted 31% after it announced a deal...

Insurers Propel Dow Down 89

MARKETS

Feb 26, 2009 3:26 PM CST

Insurers Propel Dow Down 89

Obama budget boosts some financials

(Newser) - Stocks turned lower today amid grim economic news and varied responses to President Obama’s budget, the Wall Street Journal reports. Durable goods sank and jobless claims rose, and insurers Aetna and Humana dropped sharply over fears of adverse effects from the administration's healthcare reform. The Dow fell 88.81...

Jobs, GM Can't Knock Stocks

MARKET Open

Feb 26, 2009 8:50 AM CST

Jobs, GM Can't Knock Stocks

(Newser) - Stocks headed north early, with the Dow up 93 points, despite bleak economic data and a $9.6 billion loss from GM. Jobless claims unexpectedly leaped last week, with total claims topping 5 million for the first time, while durable goods orders sunk 5.2% in January. But JPMorgan rose...

Big Banks Up; Dow Down 80

MARKETS

Feb 25, 2009 3:17 PM CST

Big Banks Up; Dow Down 80

Troubled financials boosted by Bernanke comments, Treasury plan

(Newser) - Stocks suffered modest losses today, though prominent financial institutions gained, the Wall Street Journal reports. Details of the Treasury’s “stress tests” and comments from Ben Bernanke disavowing nationalization buoyed Citigroup, Bank of America and Wells Fargo—but another dismal home-sales report depressed the broader market. The Dow fell...

Eye on Banks, Stocks Sink Early

MARKETS

Feb 25, 2009 8:50 AM CST

Eye on Banks, Stocks Sink Early

Dow drops 30 points after bell

(Newser) - Stocks sank after the opening bell this morning, with traders’ eyes still on troubled banks, which face regulators’ stress tests starting today, the Wall Street Journal reports. The Dow quickly plunged 30 points; the S&P slipped 0.5% with a 2.2% drop in financials; and the Nasdaq tumbled...

Street Battles Back; Dow Up 236

MARKETS

Feb 24, 2009 3:17 PM CST

Street Battles Back; Dow Up 236

Financials lead rally

(Newser) - Stocks rallied today as traders snapped up bargains in the wake of yesterday’s sell-off, the Financial Times reports. Citigroup and Bank of America led the surge after Ben Bernanke said the government would not have to resort to nationalization to save the beleaguered banks. The Dow gained 236.16,...