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Stocks Lose Midday Gain, Take Slight Dip

Consumer-driven firms lead the way down

(Newser) - Stocks are closing mostly lower on Wall Street after a midday gain evaporated in the late afternoon, the AP reports. Consumer-focused companies like retailers led the way lower Thursday. Amazon, which has been on a tear recently, dropped 4.2%. United Parcel Service slumped 6.1% after saying higher costs... More »

Dow Slips 54 Points After Record Drive

Banks and energy companies suffered more than rest of market

(Newser) - Major US stock indexes closed slightly lower on Wall Street Monday, pulling back from the records they set last week, the AP reports. The Dow Jones industrial average fell 54 points, or 0.3%, to 19,097. The Standard & Poor's 500 index lost 11 points, or 0.5%,... More »

One Guy From Home Caused Flash Crash? This Is 'Parody'

Michael Lewis says there's much yet to learn from this 'spoofing' case

(Newser) - Five years after the infamous "flash crash" of the Dow, financial regulators think they've got a key culprit, and the case is rather astonishing, writes Michael Lewis at Bloomberg View . Navinder Singh Sarao isn't the villain you might expect, and a question posed by Lewis gets to... More »

Dow Crosses 15K for First Time

Strong jobs report lifts markets

(Newser) - A big gain in the job market lifted the stock market to a record high this morning. The Dow Jones industrial average crossed 15,000 for the first time, and the Standard and Poor's 500 index, a broader market measure, rose above 1,600. In the first hour of... More »

Dow Plummets 200+ Points

Weak jobs report leads to market troubles

(Newser) - The Dow's gain for the year is gone, thanks to today's terrible jobs report . The Dow fell more than 200 points following the report, according to the AP . At 11am EDT, it was at 12,170, down 224 points. That's a loss of about 0.3% for... More »

Dow Drops 300+ Points

Investors worried about Europe again

(Newser) - President Obama might be getting good reviews for his plan to shore up the US economy, but investors are far more worried about Europe, reports MarketWatch . The Dow was down more than 300 points at midday to below 11,000, and both Nasdaq and the S&P 500 were each... More »

Dow Down 100 at Open

S&P 500, Nasdaq follow suit

(Newser) - No major relief for the markets today, at least not so far: The Dow was down about 100 points at open, resting below 10,900, according to MarketWatch . The S&P 500 and Nasdaq were also down, 7 points and 5 points, respectively. And the news from abroad isn't... More »

Dow Plunges 480+, Below 11K

S&P, Nasdaq follow suit

(Newser) - The Dow plunged more than 300 points at the open today, and dropped almost 500 before retreating, as investors worried about Europe and the global economy. It's currently hovering just below 11,000, according to Marketwatch . The S&P 500 also dropped 48 points to 1,146, while the... More »

Dow Rises 100+ on Retail Sales Report

S&P 500, Nasdaq also rise

(Newser) - Markets are up, at least for now: The Dow was up more than 100 points at open, with the S&P 500 and Nasdaq following suit, up about 11 and 13 points, respectively, MarketWatch reports. An upbeat report on retail sales no doubt prodded stocks upward: July sales rose a... More »

Buffett: Japan Presents 'Buying Opportunity'

Country's 'economic future' unchanged, says investing guru

(Newser) - There’s no need to panic about Japanese markets post-earthquake, says Warren Buffett: Such cataclysmic events often create a “buying opportunity,” he tells Reuters from South Korea. “It will take some time to rebuild,” but the market plunge “will not change the economic future of... More »

UAE Stocks Plunge on Dubai Fears; Asia Rebounds

Abu Dhabi exchange drops more than 8%

(Newser) - Stock markets plummeted in the United Arab Emirates today, in response to Dubai’s credit woes. The Abu Dhabi Stock Exchange lost more than 8% in heavy trading, while the Dubai Financial Market, a currency exchange, lost 7%. Stocks heavily linked to Dubai did especially poorly; ports operator DP World... More »

Stocks Down on Job Data

(Newser) - Stocks headed lower at the open today, ahead of much-anticipated testimony from Ben Bernanke, the Wall Street Journal reports. The Dow fell 40 points, while the Nasdaq and S&P fell 13 and 8 points respectively. The US lost 532,000 private sector jobs in May, according to an ADP... More »

Dow Off 156 as Rally Slows

(Newser) - Stocks were down today on continued sluggishness from hard-hit areas like financials, industry, and energy, the Wall Street Journal reports. Though the improving market has led to an influx of cash from investors, key indices for transportation and industry have lagged. The Dow was down 155.88, to 8,418.... More »

Asian Stocks Hit 7-Month High

Taipei leads region's markets on another bullish day

(Newser) - Asian stocks hit a 7-month high today as investors put aside swine flu fears and and seized on good news from China. In Taiwan the main index soared 5.6%, its second straight major gain, while in Hong Kong the Hang Seng index closed up 5.5%. European markets started... More »

Swine Flu Sends Travel Stocks Falling

Airlines decline while drugmakers advance; Mexican peso tumbles

(Newser) - Stocks declined worldwide today, with travel companies leading losses as investors gave their first reaction to the outbreak of swine flu. Airlines took a pummeling—Lufthansa fell more than 12%, British Airways 8.7%—and tour operators like Carnival also suffered sharp drops. But pharmaceutical companies did well: drugmaker Roche,... More »

My 401(k) Proves I Could Do Better Than CNBC

(Newser) - He may have gotten only a B in economics, but James Rainey, in the Los Angeles Times, says he can be the next CNBC personality. “There’s got to be a spot for me on one of those chatter fests,” he says, because “I’ve out-performed the... More »

Asian Stocks Rocket on New Stimulus Plans

Nikkei jumps 5.2%, Europe opens up

(Newser) - Asian markets followed the third straight rally on Wall Street with a major bull run today as new stimulus packages in China and Japan and good news from Bank of America sent stocks soaring. In Tokyo the Nikkei closed up 5.2%, while a late surge in Hong Kong boosted... More »

Talk of Oil-Supply Cut Sends Prices Higher

(Newser) - Oil approached $41 a barrel today after OPEC said it would cut its output if necessary to stabilize prices, Reuters reports. “I think we still need more action,” OPEC’s secretary-general said, promising the cuts would be more thorough than many expected, with 80% compliance among the 12-member... More »

Stocks Begin Holiday Week Mixed

Fed cuts, auto loan offer boost

(Newser) - Stocks opened mixed today after China cut interest rates and Toyota predicted its first loss in 71 years, the Wall Street Journal reports. Toyota’s US shares dropped 3% after its bleak forecast, and General Motors (16%) and Ford (7%) both fell. The Dow ticked up after the bell but... More »

Stocks, Dollar Dive as Bailout Collapses

Markets fall in Asia, Europe; car companies lead declines

(Newser) - Asian markets dove today, and European exchanges opened down as the Senate abandoned efforts to bail out the American auto industry. The Nikkei in Tokyo and the Hang Seng in Hong Kong both closed down about 5.5%, with major exporters like Toyota and Sony leading declines. The bailout's collapse... More »

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