markets

Stories 61 - 80 | << Prev   Next >>

Another Day, Another Rally
Another Day, Another Rally
MARKETS

Another Day, Another Rally

Good news comes late in the day as rate-cut hopes persist

(Newser) - Stocks rose for a second straight session today thanks to a late rally. Flagging techs dragged down the markets initially, but then got a boost from a cheerful report on durable goods orders on the first day of the Fed meeting, reports CNNMoney. The Dow climbed 96.41 to 12,...

Stocks Plunge, Battle Back
Stocks Plunge, Battle Back
MARKETS

Stocks Plunge, Battle Back

Markets decline, but emergency rate cut moderates effect

(Newser) - Stocks declined today but ended the session up from the depths of their initial plunge, as the Fed's emergency rate cut seemed to calm freaked-out investors. "This at least gets people from piling in on the short side of things," one strategist told MarketWatch. The Dow fell 128....

Stocks Rebound After 400-Point Plummet
Stocks Rebound After 400-Point Plummet
UPDATED

Stocks Rebound After 400-Point Plummet

(Newser) - Stocks are rallying back after a terrifying open that saw the Dow fall over 460 points within minutes, the Wall Street Journal reports. Since then, buyers have returned, spurred on by the Fed’s unprecedented 0.75% emergency rate cut. The rally has so far recouped all but 145 points...

European Markets Yo-Yo
European Markets Yo-Yo

European Markets Yo-Yo

London, Frankfurt bourses swing wildly in early trading

(Newser) - European markets went haywire in early trading Tuesday as investors reacted to a second straight day of Asian declines and awaited the reopening of Wall Street. After a disastrous showing for the Nikkei, Hang Seng and other Asian bourses, European markets plunged: the FTSE 100 dropped 200 points minutes after...

Markets Rise on Tech Rally
Markets Rise on Tech Rally
MARKETS

Markets Rise on Tech Rally

(Newser) - Sharply higher earnings and a bullish forecast from software giant Oracle kicked off a market rally this morning, but fears about the financial sector continued as Bear Stearns reported its first-ever (and steeper than expected) loss. Another late rally boosted the tech-rich Nasdaq 39.85 points to 2,640.86;...

Wall Street Watching Fed's High Wire Act

Rate cut expected in unusually tough decision this week

(Newser) - All eyes are on the Fed this week, with Wall Street expecting a quarter-point rate cut when the group meets Tuesday and Wednesday. But the decision is an usually tough one, the AP reports, with the tight rope between controlling inflation and keeping markets fluid more precarious than it has...

Stocks Up on Microsoft Earnings
Stocks Up on Microsoft Earnings

Stocks Up on Microsoft Earnings

Nasdaq, others jump on Countrywide optimism and possible rate cuts

(Newser) - Optimism prevailed on Wall Street today as Microsoft clobbered estimates and Countrywide promised the worst was behind it. The tech-heavy Nasdaq led the way, gaining 53.33 to finish at 2,804.19. The S&P 500 rose 20.87 to 1,535.28; 65% of its components have beaten...

Afternoon Rally Fades, Revives
Afternoon Rally Fades, Revives

Afternoon Rally Fades, Revives

Tech-heavy Nasdaq outperforms other indexes

(Newser) - The markets seesawed today as an afternoon rally faded then revived, led by the tech-heavy Nasdaq. Friday's bloodbath lingered into this morning, but a speech by Fed governor Randall Kroszner raised hopes for a rate cut, reports the Journal. The Dow closed up 44.95 at 13,566.97, the...

A Mixed Day on Wall Street
A Mixed Day on Wall Street

A Mixed Day on Wall Street

Financial-sector blues and oil prices battle tech gains

(Newser) - A grim financial sector and ever-rising oil prices cancelled  an encouraging tech rally during a so-so day in the markets. Yahoo and Intel reported sunny profits, but news of oil clearing the $89 mark doused the rally. The Dow finished down 20.4 to 13,892.54, the S&P...

Wall Street Hunts for Its Next Bubble
Wall Street Hunts for Its Next Bubble

Wall Street Hunts for Its Next Bubble

Emerging markets upswing could mirror '98 tech boom

(Newser) - With the Fed’s rate cut in place, Wall Street has visions of another bubble—this time in emerging markets. The Dow skyrocketed 2.5% on news of the cut, but even that was dwarfed by 4.2% gains in the Bombay Sensex and 4.3% in Brazil’s Bovespa....

What Inflation? Consumer Prices Fall 0.1%

Fed's rate cut looks good as housing, gas prices hit books

(Newser) - Ben Bernanke is likely patting himself on the back right now, Bloomberg reports. US consumer prices fell 0.1% in August, the first decline this year, making Federal Reserve chairman’s rate cut look good, with inflation potentially under control. “Core inflation has now been falling for nearly a...

Asia Stocks Surge After Fed Cut
Asia Stocks Surge After Fed Cut

Asia Stocks Surge After Fed Cut

Prices soar to highest levels in a month

(Newser) - Asian stocks rebounded after the US Federal Reserve announced a half point cut in its key lending rate in a bid to bolster growth and avoid a consumer spending slowdown. Toyota, Samsung Electronics and Honda, among those companies with the most to lose from a loss of consumer confidence, led...

SEC: Don't Blame Credit Markets for Firm's Demise

Bankrupt cash management operation comes under federal scrutiny

(Newser) - The feds don’t know what happened to the millions of dollars that disappeared from the books of a Chicago-area cash management firm, but they don’t believe upheaval in the credit markets is to blame. Days after Sentinel Management blocked investors from withdrawing their investments, the company filed for...

Big Business Fuels Green Boom
Big Business Fuels Green Boom

Big Business Fuels Green Boom

Fear of dot-com-like bust grows as money chases scarce ideas

(Newser) - Greed and idealism are converging as big business propels today’s clean energy industry, CNN reports. Silicon Valley entrepreneurs are pulling in capital for oil and coal alternatives, while across the pond, London financiers swapped more than $30 billion last year in "pollution permits"—credits companies can sell...

Credit Crisis Spurs Calls for New Oversight

EU, Asia want cooperation in US market regulation

(Newser) - Financial regulators and politicians across Europe and Asia are banding together to demand an international role in the oversight of American markets. The subprime meltdown has demonstrated that fluctuations in American markets can wreak havoc the world over, the Times reports, and now international players are wondering why they must...

Home Resales Down For Fifth Straight Month

Decline lower than expected, but unlikely to stop, experts say

(Newser) - Existing home sales slumped again in July—the fifth straight month the figures have been off and a sign that the market-draining housing downturn will continue. Though the 0.2 percent decline was the smallest movement since 2002, experts expect sales to continue dropping, according to Bloomberg.

One Unrivaled Market Force: Vacation

Stocks calm down as bankers, investors bail for the beach

(Newser) - The FT leads with a prediction that market volatility will decrease over the next week for a simple reason: everyone's going on vacation. Major decisions by banks, hedge funds and mortgage lenders will be on hold as the financial world bails New York, London and Frankfurt for the end of...

Stocks Climb Following Surprising Home Sales Numbers

Markets, optimism surge as turmoil eases

(Newser) - The Dow closed at 13,378.87 today, up 142.99 on strong durable goods orders and a better-than-expected home sales forecast. The S&P 500 jumped 16.87 to 1,479.37, and the Nasdaq rose 34.99 to 2,576.69. Nucor Corp., the second-largest American steel manufacturer,...

Reality Bites Wall Street Whiz Kids
Reality Bites Wall Street Whiz Kids

Reality Bites Wall Street Whiz Kids

Quant fund eggheads screwed up just as badly as everyone else

(Newser) - The eggheads who run Wall Street's "quant funds," using complex algorithms to play the markets but neglecting the human element, screwed up as badly as everyone else during the Dow's recent dive. "They are very smart in front of a textbook but not smart enough to understand...

Credit Crisis: Damaging or Deserved?

Economist calls risk adjustment necessary, if hazardous

(Newser) - The Economist takes the long view on the turmoil that has engulfed the financial markets, noting that investors have long wondered whether the "the securitisation of just about every form of debt into a tradable asset" would, in the end, spread risk efficiently or lead to cataclysmic failure. The...

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