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Dow Drops 86 on Financials
 Dow Drops 86 on Financials   
MARKETS

Dow Drops 86 on Financials

(Newser) - Financial stocks led declines today as the boost from the Fed’s announcement of new plans to lower lending costs faded, the Wall Street Journal reports. Citigroup and Bank of America shares both fell at least 10%, giving back recent gains. Crude oil rallied to $50.80 a barrel, the...

Stocks Head Higher on Job Data
 Stocks Head Higher on Job Data 
MARKET Open

Stocks Head Higher on Job Data

(Newser) - Stocks headed slightly higher at the open, as commodities rallied and investors cheered better-than-expected jobless claims numbers. The Dow rose 31 points, and the S&P and Nasdaq were up 0.9% and 0.8% respectively. Initial jobless claims fell 12,000 last week, though the four-week moving average rose...

Fed Moves Street; Dow Up 91
 Fed Moves Street; Dow Up 91 
MARKETS

Fed Moves Street; Dow Up 91

Plan to buy Treasuries, mortgage-backed securities stirs stocks

(Newser) - Stocks slumped today until the announcement of the Federal Reserve’s plans to buy billions in Treasuries and mortgage-backed securities, which caused a minor rally in equities, the Wall Street Journal reports. Treasury prices surged and yields plummeted. The Dow gained 90.88 to close at 7,486.58. The...

Stock Rally Screeches to Halt
 Stock Rally Screeches to Halt 
MARKET Open

Stock Rally Screeches to Halt

(Newser) - Stocks took a turn for the worse at the open today, heading south after yesterday’s rally. The Dow fell 67 points, while the S&P declined 0.8%. The Nasdaq fell 0.5%, but component Sun Microsystems soared 65% on news IBM might acquire it. Investors are anxiously awaiting...

Tech Rallies; Dow Climbs 179
 Tech Rallies; Dow Climbs 179 
MARKETS

Tech Rallies; Dow Climbs 179

(Newser) - Stocks made gains today, with the financial and tech sectors pacing advances, the Wall Street Journal reports. Google and Research in Motion both gained at least 4%, with Citigroup and US Bancorp posting similar rises. The S&P 500’s financial sector gained 6.57%, and the index overall rose...

Gains Fizzle; Dow Down 7
 Gains Fizzle; Dow Down 7 
MARKETS

Gains Fizzle; Dow Down 7

Tech leads declines, Dow falls from triple-digit gain

(Newser) - Stocks swung back to losses as optimism from last week’s rally faded today, the Wall Street Journal reports. Investors treated last week’s announcements that many troubled financial institutions ran operating profits in the first two months of 2009—ignoring “toxic securities” on their balance sheets—with skepticism....

Stocks Keep Climbing, Up 70
 Stocks Keep Climbing, Up 70 
MARKET Open

Stocks Keep Climbing, Up 70

(Newser) - Stocks kept up their steady climb at the open, building on last week’s 9% rally. The Dow was up 70 points in early trading, while the S&P added 1.2% and the Nasdaq a more modest 0.5%. Those gains followed nice rallies overseas, with the Nikkei up...

Dow Up 54, Gains 9% for Week
 Dow Up 54, Gains 9% for Week 
MARKETS

Dow Up 54, Gains 9% for Week

Merck surges on proposed merger

(Newser) - Stocks made gains today, extending a winning streak into its fourth day, MarketWatch reports. Merck rose 12.5% on announcement of its merger with Schering-Plough, while General Motors built on recent gains with a 22.9% jump. The Dow closed up 53.92 at 7,223.98. The Nasdaq rose...

Stocks Steady at Open
 Stocks Steady at Open 
MARKET Open

Stocks Steady at Open

(Newser) - It was another calm open for stocks, with the major indices building ever so slightly on three days of positive movement, the Wall Street Journal reports. The Dow is up 55 points, while the S&P inched up 0.5%, and the Nasdaq slipped down 0.1%. The Dow is...

Dow Up 240, Retakes 7K Mark
 Dow Up 240, Retakes 7K Mark 
MARKETS

Dow Up 240, Retakes 7K Mark

Street hits 3-day winning streak

(Newser) - Stocks rose steadily after a morning dip today, with the Dow closing back over 7,000 points, MarketWatch reports. Bank of America and General Motors shot up 18.2% and 14.5%, respectively, after each announced they don’t expect to ask the government for more bailout cash. The Dow...

Stocks Tread Water
 Stocks Tread Water 
MARKET Open

Stocks Tread Water

(Newser) - Stocks murmured softly at today's open, barely moving off yesterday’s numbers. The Dow fell 19 points, while the Nasdaq and S&P were essentially flat. GE was on the rise after S&P cut its credit rating less than expected, from AAA to AA+. Investors were also mulling a...

Dow Up 4 as Stocks Waver
 Dow Up 4 as Stocks Waver 
MARKETS

Dow Up 4 as Stocks Waver

Caution follows yesterday's rally

(Newser) - Stocks finished below today’s session highs but closed with slight gains, barely making the first two-day winning streak in a month, the Wall Street Journal reports. Financials mostly gained, with shares of Citigroup, Morgan Stanley and Bank of America up at least 4%. The Dow closed up 3.91...

Stocks Lose Momentum
 Stocks Lose Momentum 
MARKET Open

Stocks Lose Momentum

(Newser) - Stocks fell ever so slightly at today's open, defying futures that had shown yesterday’s big rally continuing. The Dow inched down 20 points, while the S&P and Nasdaq were essentially flat. But financials were still moving and shaking, with Citigroup adding 13% and Bank of America up 5%,...

Dow Surges 379, Biggest Gain of Year
 Dow Surges 379, 
 Biggest Gain of Year 
MARKETS

Dow Surges 379, Biggest Gain of Year

Citigroup leads financials after announcing profitable January and February

(Newser) - Stocks rallied today as financials jumped on news of Citigroup’s profitable January and February, the Financial Times reports. Investors also were cheered by talk of reform from Ben Bernanke—who said the recession could end next year if all goes well—and Barney Frank. Citi, Bank of America, and...

Stocks Head for Rebound
 Stocks Head for Rebound 
MARKET Open

Stocks Head for Rebound

(Newser) - Stocks jumped out of the gate this morning, after a tech-driven sell-off yesterday that brought indexes to new bear market lows. The Dow rose 140 points, with Alcoa up 8% and GE up more than 10%. The S&P and Nasdaq soared 2.3% and 2% respectively. Financials were among...

Tech Stocks Fall; Dow Down 80
 Tech Stocks Fall; Dow Down 80 
MARKETS

Tech Stocks Fall; Dow Down 80

Google remains below $300

(Newser) - Withering tech stocks tugged the broader market down today, the Wall Street Journal reports. Hewlett-Packard fell 4.6% while IBM closed down 2.9%, Cisco dropped 3.95% and Google 5.9%—after that stock closed below $300 on Friday for the first time since January. The Dow fell 79....

Stocks Dip Again
 Stocks Dip Again 
MARKET Open

Stocks Dip Again

(Newser) - After four consecutive weeks of losses, stocks headed south yet again today, with the Dow down 40 points, and the S&P and Nasdaq sliding 0.5% and 0.2% respectively in early trading, the Wall Street Journal reports. The pessimism comes after the World Bank said that the global...

Dow Up 32; Big Weekly Losses
 Dow Up 32; Big Weekly Losses 
MARKETS

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...

Markets Inch Up
 Markets Inch Up 
MARKET Open

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...

Stocks Plummet; Dow Falls 281
 Stocks Plummet; Dow Falls 281 
MARKETS

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...

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