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Dow Sinks Below 11K
 Dow Sinks Below 11K  
MARKETS

Dow Sinks Below 11K

Fannie, Freddie continue to sink; regional banks hit hard

(Newser) - The markets ended mixed today after a seesaw session. An $8 decline in crude encouraged investors, but concerns about the fate of the mortgage GSEs and regional banks persisted, MarketWatch reports. The Dow ended down 93.39 at 10,961.80, the first time in over 2 years the average...

Financials Nudge Markets Down
 Financials Nudge Markets Down 
MARKETS

Financials Nudge Markets Down

Anxiety over Fannie, Freddie, fate of regional banks kill early rally

(Newser) - The markets saw modest losses today, erasing an early-session rally spurred by the announcement of a government bailout plan for Freddie Mac and Fannie Mae as investors mulled the ramifications of a government rescue, MarketWatch reports. The Dow fell 45.35 points, closing at 11,055.19. The Nasdaq shed...

Mortgage Worries Stalk Stocks
 Mortgage Worries Stalk Stocks 
MARKETS

Mortgage Worries Stalk Stocks

Anxiety over Freddie, Fannie, plus higher crude, gives markets a bad day

(Newser) - The markets saw losses today, battered by continued worries over the solvency of mortgage guarantors Fannie Mae and Freddie Mac and a fresh spike in crude prices, MarketWatch reports. The Dow fell 128.48, to 11,100.54. The Nasdaq shed 18.77, closing at 2,239.08, while the...

Lender Woes Keep Lid on Gains
 Lender Woes Keep Lid on Gains 
MARKETS

Lender Woes Keep Lid on Gains

Financials rally as outlook darkens for government lenders

(Newser) - The markets ended with modest gains today, led by a rally in financials despite continued anxiety over the future of Freddie Mac and Fannie Mae, MarketWatch reports. Treasury chief Henry Paulson and Ben Bernanke's call for greater regulatory powers encouraged investors. The Dow gained 81.58 points to 11,229....

Tech Triggers Big Drop
 Tech Triggers Big Drop 
MARKETS

Tech Triggers Big Drop

Trouble at Cisco, Intel spurs sell-off; bumpy ride for financials, too

(Newser) - Stocks fell today as investors saw weakness across the economy, particularly in tech bellwethers Cisco and Intel, MarketWatch reports. Oil also rebounded from a two-day fall, trading up 65 cents to $136.69 a barrel. The Dow fell 236.77, closing at 11,147.44. The Nasdaq shed 59.55...

Stocks Surge on Oil, Fed News
 Stocks Surge on Oil, Fed News 
MARKETS

Stocks Surge on Oil, Fed News

Bernanke's comments encourage the battered financial sector

(Newser) - The markets made strong gains today as crude futures fell more than $5 and the Fed took steps to shore up the housing market, MarketWatch reports. The Dow gained 152.25 points, its biggest jump in a month, to close at 11,384.21. The Nasdaq rose 51.10 points...

Oil Drops, but Rally Fades
 Oil Drops, but Rally Fades 
MARKETS

Oil Drops, but Rally Fades

S&P 500 off 20% from October high

(Newser) - The markets saw modest losses today after a rally spurred by a drop in crude prices sputtered over capital concerns at Fannie Mae and Freddie Mac, MarketWatch reports. The Dow fell 56.58 to 11,231.96, the Nasdaq dropped 2.06 to 2,243.32, and the S&P...

Markets Mixed in Light Trading
 Markets Mixed in Light Trading 
MARKETS

Markets Mixed in Light Trading

Perked-up GM helps send Dow into holiday weekend on gain

(Newser) - The markets ended mixed today amid flat economic news, MarketWatch reports. With volume light ahead of the holiday, General Motors enjoyed a rebound after a sharp fall yesterday helped push the market into bear territory. The Dow gained 73.03 to close at 11,288.54. The S&P 500...

Dow Enters Bear Market
 Dow Enters Bear Market 

Dow Enters Bear Market

Nasdaq also falls more than 20% from its high

(Newser) - Skidding stocks sent the Dow and Nasdaq into bear territory as oil hit a record near $144 a barrel, the Wall Street Journal reports. Besides oil, bad news from GM and weak jobs data darkened the street’s mood. The Dow fell 166.75 points to 11,215.51, down...

$142 Oil Drives Stocks Down
 $142 Oil Drives Stocks Down 
MARKETS

$142 Oil Drives Stocks Down

New crude record hampers recovery from Thursday's fall

(Newser) - The markets fell today, continuing the slide that marked yesterday’s session. Investors continued to mull the tidal wave of bad news that hit the financial, tech and consumer discretionary sectors Thursday, MarketWatch reports. The Dow fell 104.46 to 11,348.96, the Nasdaq lost 5.74 to close...

'Difficult' Dow Ends Down 358
 'Difficult' Dow Ends Down 358 
MARKETS

'Difficult' Dow Ends Down 358

Oil surges past $140 as dollar weakens, financials downgraded

(Newser) - Stocks plunged today due to the convergence of bad news across all sectors of industry against the backdrop of oil’s first surge over $140 a barrel, the Wall Street Journal reports. The Dow plummeted to a 2-year-low, shedding 358.41 to 11,453.42. The Nasdaq fell 79.89,...

Big Rally Ends in Modest Gains
 Big Rally Ends in Modest Gains  
MARKETS

Big Rally Ends in Modest Gains

Oil drop, Fed's confidence in growth not enough to preserve rise

(Newser) - The markets rallied for much of the day on news of ebbing oil prices and the Fed's decision to hold rates steady, but it fell mostly flat by the finish on nagging worries about long-term growth, the Wall Street Journal reports. The Dow—at one point up more than 100...

Stocks Dip as Fed Meets
 Stocks Dip as Fed Meets  
MARKETS

Stocks Dip as Fed Meets

Fed inaction spurs recovery from bad economic news

(Newser) - The markets seesawed throughout today's session, closing down slightly as a minor rally in financials offset bad economic news and warnings of a poor quarter for UPS, MarketWatch reports. The Dow fell 34.93 to 11,807.43, Nasdaq dropped 17.46 to 2,368.28, and the S&P...

Dow Plummets to Below 12,000
 Dow Plummets to Below 12,000 
MARKETS

Dow Plummets to Below 12,000

An oil boost and continued financial woes batter the markets

(Newser) - The markets tumbled today to lows not seen since the Bear Stearns fiasco in March, MarketWatch reports. Oil surged back over $135 a barrel, erasing yesterday’s meager gains, and bad news continued to depress financials. The Dow fell 220.40 to 11,842.69, the Nasdaq 55.87 to...

Citi's Blahs Make Little Dent
 Citi's Blahs Make Little Dent 
MARKETS

Citi's Blahs Make Little Dent

Drop in oil prices help stocks finish slightly higher

(Newser) - Stocks posted moderate gains today as oil futures dropped below $135 per barrel on news of China's move to raise prices by trimming subsidies, MarketWatch reports. With traders little moved by warnings of further writedowns ahead for Citigroup, the Dow closed up 34.03, at 12,063.09. The Nasdaq...

Oil, Earnings Woes Key Retreat
 Oil, Earnings Woes Key Retreat 
MARKETS

Oil, Earnings Woes Key Retreat

Familiar factors push markets down

(Newser) - The markets retreated today, battered by the familiar convergence of high oil prices and poor business performance, MarketWatch reports. Amid signs of broader malaise, financials dropped, and crude again topped $135 per barrel. The Dow fell 131.24 to close at 12,029.06. The Nasdaq lost 28.02 to...

Stocks Rally on Dollar's Strength
 Stocks Rally on Dollar's Strength 
MARKETS

Stocks Rally on Dollar's Strength

Drop in oil, strong greenback pushes Dow to weekly gains

(Newser) - The markets rallied today, pushing the Dow into positive territory for the week, off a strong dollar and a drop in oil prices. The Dow gained 165.77 to close at 12,307.35, a weekly gain of 0.8%. The Nasdaq climbed 50.15 to 2,454.50 but...

Oil Reversal Stymies Rally
 Oil Reversal Stymies Rally 
MARKETS

Oil Reversal Stymies Rally

Market ends up 57 points, down from 185-point rally

(Newser) - A stock rally lost steam after oil reversed an early decline and finished up slightly at $136.74 a barrel, Marketwatch reports. Investors had earlier turned bullish on an unexpectedly strong retail report and crude prices of $131.55. The Dow ended up 57.81 points, at 12,141.58,...

Oil Greases Another Big Slide
 Oil Greases Another Big Slide 
MARKETS

Oil Greases Another Big Slide

Bad growth report also weighs on markets; Dow loses 205

(Newser) - US stocks fell today as crude futures continued to rise and Federal Reserve data showed “generally weak” economic growth in April and May, MarketWatch reports. The Dow lost 205.99, closing at 12,083.77. The Nasdaq dropped 54.93 to 2,394.01, and the S&P 500...

Oil Drives Uneven Finish
 Oil Drives Uneven Finish 
MARKETS

Oil Drives Uneven Finish

Bernanke comments spark inflation worries, perk up dollar

(Newser) - The markets ended mixed after moving between gains and losses, as traders tracked gyrations in the price of oil—which finished down 2% from earlier highs of $137 a barrel, MarketWatch reports. The Dow gained 9.44 to end at 12,289.76. The Nasdaq lost 10.52 to settle...

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