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Breaking News
stock market
Stories 2901 - 2920 |
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Stocks, Oil Head Higher
MARKET Open
May 20, 2009 8:44 AM CDT
Stocks, Oil Head Higher
(Newser)
- Stocks headed higher at today's open as rallying commodity prices gave traders hope about the economy. The Dow rose 65 points, while the Nasdaq rose 0.8% and the S&P 1%. Oil prices topped $60 a barrel, sending Exxon and Chevron slightly higher. Bank of America, meanwhile, rose 6%...
Housing Data Flatten Stocks
MARKET Open
May 19, 2009 8:48 AM CDT
Housing Data Flatten Stocks
(Newser)
- Stocks were flat at the open today, after a disappointing housing starts report. The Dow and Nasdaq inched down 11 and 4 points respectively, while the S&P was essentially flat. Futures had pointed to a higher open, until the Commerce Department announced a greater-than-expected 12.8% dip in housing...
Stocks Start
Week on
Rebound
MARKET Open
May 18, 2009 8:49 AM CDT
Stocks Start Week on Rebound
(Newser)
- Stocks headed higher at today’s open, following a week of profit-taking that left the Dow and S&P down 3.6% and 5% respectively. The Dow was up 107 points, while the Nasdaq added 1.2% and the S&P 1.4%, including a 3% surge in financials. Lowe's...
Oil, Banks Steal 63 From Dow
MARKETS
May 15, 2009 3:13 PM CDT
Oil, Banks Steal 63 From Dow
(Newser)
- Markets were off today on falling oil prices and a poor showing from the financial industry, the
Wall Street Journal
reports. The S&P energy index fell 2.4% and Bank of America, Pfizer, and Wal-Mart also saw declines. General Motors, whose low share price no longer significantly affects markets,...
Stocks Flat, and So Is Inflation
MARKET open
May 15, 2009 8:49 AM CDT
Stocks Flat, and So Is Inflation
(Newser)
- A pile of economic data couldn’t move stocks this morning. The Dow inched up 24 points, while the S&P and Nasdaq added 0.1% and 0.2%, respectively. The Consumer Price Index was unchanged for April, the Labor Department announced, though Core CPI was up 0.3%. Factory...
Tech, Banks Push Dow Up 46
MARKETS
May 14, 2009 3:16 PM CDT
Tech, Banks Push Dow Up 46
(Newser)
- Markets climbed today on good performance by technology stocks and a rebound in the financial sector, the
Wall Street Journal
reports. A key bank index, which dipped earlier as financials sold stock to raise capital, was up almost 4%. The retail sector continued to struggle, with Wal-Mart off 1.9%....
Stocks Flat as
Jobless Ranks Grow
Market Open
May 14, 2009 8:53 AM CDT
Stocks Flat as Jobless Ranks Grow
(Newser)
- Stocks crept slightly higher today, with the Dow up 22 points and the Nasdaq and S&P up 10.42 and 2.48 respectively. Wal-Mart gained 1% on an earnings report precisely in line with expectations, and Kohl’s better-than-expected number sent it up 2%. But any optimism was offset...
Dow Off 184 on Consumer Woes
MARKETS
May 13, 2009 3:09 PM CDT
Dow Off 184 on Consumer Woes
(Newser)
- The ugly news on consumer spending cast a pall over Wall Street throughout today’s session, the
Financial Times
reports, pushing all three major indices down more than 2%. The unexpected dip in retail sales was particularly hard on retailers Target, Lowe’s, and Office Depot. The Dow finished off...
Stocks Hit Sales Record
in Recovery Harbinger
ANALYSIS
May 13, 2009 10:00 AM CDT
Stocks Hit Sales Record in Recovery Harbinger
(Newser)
- May has already been the busiest month ever in new share offers from publicly traded companies, the
Wall Street Journal
reports. The $54.9 billion in sales this year put the market at a level of activity not seen since 2000. “It’s an indication that the healing process...
Stocks Plunge
as Retail Sales
Disappoint
MARKET Open
May 13, 2009 8:49 AM CDT
Stocks Plunge as Retail Sales Disappoint
(Newser)
- Stocks sunk swiftly at the open after disappointing sales reports from retailers. The Dow tumbled 160 points, while the Nasdaq and S&P fell 1.5% and 2.1% respectively. Retail sales were down a more-than-expected 0.4% in April, from a revised-downward 1.3% drop in March. RealtyTrac also...
This Rally Is for Suckers, Courtesy of the Fed
OPINION
May 12, 2009 9:37 AM CDT
This Rally Is for Suckers, Courtesy of the Fed
(Newser)
- The Dow has soared a whopping 30% since March 9, but Andy Kessler doesn’t think the good times are here again. “This sure smells to me like a sucker’s rally,” he writes in the
Wall Street Journal
. Earnings aren’t up. The market is just responding...
Stocks Flat in Bull/Bear Standoff
MARKET Open
May 12, 2009 8:49 AM CDT
Stocks Flat in Bull/Bear Standoff
(Newser)
- Stocks ran in place this morning, as bulls and bears debated whether the market could keep the good times flowing. The Dow rose 20 points while the S&P and Nasdaq barely budged. Markets plunged yesterday as banks issued new stock offerings. Ford announced another such offer today, and saw...
GOP Rep. Says Obama
Wants
You Unemployed
May 12, 2009 7:48 AM CDT
GOP Rep. Says Obama
Wants
You Unemployed
Dems chuckle at Pete Sessions' 'bizarre conspiracy theory'
(Newser)
- Democrats leapt all over GOP Rep. Pete Sessions yesterday for the "bizarre conspiracy theory" the veteran Texas congressman expressed to the
New York Times
in an interview over the weekend. Sessions told the
Times
President Obama actually
wanted
to "diminish employment and diminish stock prices" in a "...
Ford Sells Shares to Raise Cash
May 12, 2009 7:09 AM CDT
Ford Sells Shares to Raise Cash
(Newser)
- Eager to shore up its cash reserves, stave off bankruptcy, and further distance itself from its struggling rivals, Ford Motor Co. will offer 300 million shares in a public offering this week, the
Wall Street Journal
reports. Ford thinks the offering will raise investor confidence, bringing in buyers who’ve...
Banks to Sell Stock to
Repay TARP
May 11, 2009 11:43 AM CDT
Banks to Sell Stock to Repay TARP
(Newser)
- Hoping to take advantage of the up market, Capital One, US Bancorp, and a handful of other financial institutions are planning to sell a combined $7 billion worth of stock, the
Wall Street Journal
reports. Some of the resulting funds would be used to repay TARP money, getting the banks...
Stocks, Commodities Plunge
MARKET Open
May 11, 2009 8:57 AM CDT
Stocks, Commodities Plunge
(Newser)
- Stocks plunged at the open, as banks sold shares to raise capital, and consumer and commodity stocks took a pounding, the
Wall Street Journal
reports. The Dow was down 140, the Nasdaq down 1.8% and the S&P off 2.1. Oil producers were hit hard as crude fell...
Investors Rush Back Into
Risky Emerging Markets
May 11, 2009 6:56 AM CDT
Investors Rush Back Into Risky Emerging Markets
After a season of defensive investing, money flows to developing economies
(Newser)
- The economic slump may not be over, but investors are piling on risk in emerging markets, driving up stocks in developing nations as they seek the large rebounds that will accompany a global turnaround, the
Wall Street Journal
reports. The week ending May 6 saw some $4 billion flow to...
Don't Celebrate Yet,
Stock Market
OPINION
May 8, 2009 12:11 PM CDT
Don't Celebrate Yet, Stock Market
(Newser)
- Don’t get too excited by the stock market’s recent rally. Stocks may go up another 10%-20% this year, says analyst Jeremy Grantham, but after that the market will crash again, and stay that way for years. “We've lost our shirts and we feel poor,” explains Henry...
Stocks Shrug Off Job Report
MARKET Open
May 8, 2009 8:47 AM CDT
Stocks Shrug Off Job Report
(Newser)
- Stocks jumped out of the gate this morning, untroubled by the latest job report. The Dow was up 99 points, while the S&P and Nasdaq rose 1% and 1.2%, respectively. The economy lost 539,000 jobs last month, sending unemployment to 8.9%, according to the Labor Department’...
Stocks Up on Sunny Jobs Data
Market Open
May 7, 2009 8:43 AM CDT
Stocks Up on Sunny Jobs Data
(Newser)
- Stocks were up again this morning, after promising unemployment numbers, the
Wall Street Journal
reports. The Dow rose 53 points, while the Nasdaq and S&P advanced 0.5% and 1% respectively. Wal-Mart reported a strong quarter, pulling retail stocks higher, while banks shot up ahead of stress test results....
Stories 2901 - 2920 |
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