Dow Jones

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Reality Bites Wall Street Whiz Kids
Reality Bites Wall Street Whiz Kids
Aug 21, 2007 4:48 PM CDT

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...

Jittery Market Stays Put; Oil Slides Below $70

(Newser) - Major indexes hovered cautiously around their starting points, as a Washington meeting between Ben Bernanke, Chris Dodd and Hank Paulson allayed traders' concerns that an academic Fed is callous to Wall Street's ongoing credit crunch. Winners outnumbered losers 3 to 2, but the Dow was off 30.49 to close...

Blue Chips Hop Slightly on Fed Confidence

Treasury yields crash as winners prevail for third straight day

(Newser) - The Dow was up 42.27 to close at 13,121.35, as winners outnumbered losers about 7 to 6—the third straight positive day on Wall Street. But short-term treasury yields plummeted as speculation increased that the Fed will cut the benchmark rate at its next meeting. Volume on...

Fed's Cut Flips Markets Upwards
Fed's Cut
Flips Markets Upwards
Aug 17, 2007 4:46 PM CDT

Fed's Cut Flips Markets Upwards

But credit debacle undergirds even gains, analysts warn

(Newser) - Markets surged upwards today after the Fed cut its discount rate, thanks to a flurry of short-covering aided by today's options expiration. The Dow was up for the first time in over a week, jumping 233.30 to close at 13079.08. But many experts warn that the rally could...

Stocks Seesaw as Credit Crisis Deepens

Dow down over 300 points before rallying on rate-cut rumors

(Newser) - The Dow closed down 15.69 at 12845.78 today, after plummeting 343 points in early morning trading on fears the credit debacle was spilling into the larger market. Investors continued to fret about the rising yen and nervous foreign markets, but rumors that the Fed would cut interest rates...

European Markets Dive
European Markets Dive
Aug 16, 2007 7:22 AM CDT

European Markets Dive

FTSE 100 Index falls lower than 6,000

(Newser) - European markets took a dive this morning—after the Dow's plunge yesterday and the overnight collapse of Asian stocks. London's FTSE 100 index has fallen below 6,000, its lowest level since last October. London weathered the storm yesterday, but had nowhere to run today, the Guardian reported, as the...

Journal Ad Revenue Plunges
Journal Ad Revenue Plunges
Aug 13, 2007 11:26 PM CDT

Journal Ad Revenue Plunges

7.2% downturn emphasizes need for bigger push to internet

(Newser) - Ad volume in the print edition of the Wall Street Journal dropped nearly 21% and revenue fell 7.2% compared with last July, Reuters reports. The dip underscores the immediate need for Dow Jones to generate more revenue from online properties, analysts said. Ad revenue from Dow Jones' online news...

Market Sinks After Tech Rally Shuts Down

Tech boom erased by mortgage, energy concerns at bell

(Newser) - The tech sector boomed early today, but couldn’t save the market from bank and energy woes at day’s end. Declines in MBIA, Exxon and Home Depot shares helped to erase early gains on the Nasdaq and S&P, and the bankruptcy of Aegis Mortgage Corp. renewed financing worries,...

Markets Cling to Stable Condition
Markets Cling to Stable Condition
Aug 10, 2007 3:33 PM CDT

Markets Cling to Stable Condition

(Newser) - Major US indexes reeled today, after a wild seesaw session in which a Fed bailout rescued Wall Street from a veritginous selloff this morning. The Dow closed at 13239.54, down 31.14, after initial rumors of a broad but blurry liquidity crisis crashed it over 100 points in early...

US Stocks Plunge at Open
US Stocks Plunge
at Open
Aug 10, 2007 9:36 AM CDT

US Stocks Plunge at Open

Three-digit Dow drop reflects uncertainty infecting global market

(Newser) - Uncertainty ruled Wall Street and the global markets today, with the Dow skidding over 100 points at the open 1 day after the second-largest decline of the year. Central banks around the world acted to stem the unrest that continues to accompany the widening subprime mortgage crisis, but big-picture machinations...

Dow Tumbles Over 380 Points
Dow Tumbles Over 380 Points
Aug 9, 2007 4:47 PM CDT

Dow Tumbles Over 380 Points

Year's second-worst loss falls on heels of solvency fears

(Newser) - The Dow Jones lost nearly 3% of its value today, tumbling 387.18 points to 13,270.68 in the second-worst drumming of the calendar year. Trading curbs were in place early, after BNP Paribas froze funds that took a bath in the US credit market and Chinese exchanges crashed...

Market Rallies After Fed Rollercoaster

Stocks gain on body's 'moderate' growth expectations

(Newser) - Stocks were up across the board today after the Fed expressed confidence that “moderate” expansion would continue, countering fears that the subprime fiasco will bleed further into the broader market. The Dow was down more than 100 points immediately after the decision as traders scrambled to decode it, but...

Dow Sees Biggest Gain in 5 Years Before Fed Meeting

Markets break out of three-week slump

(Newser) - US stocks posted major gains after three straight weeks in the red, as blue chips advanced cautiously in the wake of last week's selloff. The Dow was up 286.87 to 13468.78, its best close since October, 2002, mainly following long-suffering financial companies. Merrill Lynch got a boost from...

Stocks Plunge as Credit Outlook Worsens

Bear Stearns downgrade stirs more trouble as Dow loses 2%

(Newser) - After two straight days of gains and a steady morning the Dow plummeted in a selloff late this afternoon, losing 2% of its value to close at 13179.71, down 283.62. Bear Stearns lost big after Standard and Poors downgraded the subprime-laden i-bank from "stable" to "negative,...

Stocks Surge as Jitters Remain
Stocks Surge as Jitters Remain
Aug 2, 2007 4:36 PM CDT

Stocks Surge as Jitters Remain

(Newser) - The Dow was up 100.96 today—mostly in late trading—closing at 13,463.33 after Asian markets made a partial recovery from its recent hemorrhage and some rare good news emerged from the housing market. Retail and tech winners beat losers; Nokia, Motorola, CVS, and Hewett-Packard all put...

Murdoch May Take Journal Online Only

News Corp. could run a paper without paper, subscriptions

(Newser) - Rupert Murdoch’s grab for the Wall Street Journal could mark the demise of hard-copy newspapers and their online subscriptions, Bernhard Warner predicts in Murdoch’s own Times Online. Warner says turning the Journal’s subscription-based website into a free, ad-supported business will be among Murdoch’s top priorities as...

Murdoch Surveys New Empire
Murdoch Surveys New Empire
Aug 1, 2007 5:29 AM CDT

Murdoch Surveys New Empire

Mogul plans all-out global fight vs. NY Times, Financial Times

(Newser) - As Rupert Murdoch celebrates his acquisition of Dow Jones, articles in the new jewel in his crown, the Wall Street Journal, and one of its biggest rivals, the New York Times, speculate about the future. They agree Murdoch will direct a titanic battle for ads and readers against both the...

Markets Ignore Upbeat News, Head Down

Oil hits new record at $78; all major indexes down more than 1%

(Newser) - The Dow started was up triple digits in early trading today before plunging to close down 146.32 points at 13211.59. A report of improved consumer confidence and better-than-expected inflation data distracted traders from the ongoing credit earthquake and its tremors in the housing market, but the reentry of...

Bancrofts Agree to Sale
Bancrofts Agree to Sale
Jul 31, 2007 10:22 AM CDT

Bancrofts Agree to Sale

Dow Jones 'will be part of News Corp.'

(Newser) - Enough members of the Bancroft family are supporting Rupert Murdoch's $5B bid for Dow Jones to seal the deal. The Wall Street Journal reports that 32% of the votes in its parent company are virtually guaranteed to Murdoch's News Corp.; the tycoon will likely be able to pick up the...

Murdoch Is 1 Bancroft Away from a Deal

News Corp.-Dow Jones agreement awaits decision by key holdout

(Newser) - Rupert Murdoch is within a Bancroft's breadth of owning Dow Jones, the company's flagship Wall Street Journal reports. A 5pm deadline came and went yesterday without a deal, but the bid has the support of Bancroft family members holding 29% of voting power. If either of two key holdout shareholders...

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