Dow Jones

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Banks Rally, But Dow Falls 26
 Banks Rally, But Dow Falls 26 
MARKETS

Banks Rally, But Dow Falls 26

(Newser) - More bankruptcy rumblings from General Motors sent stocks down early today, but the blow was cushioned by good news from the financial sector, the Wall Street Journal reports. Citi and Bank of America had double-digit gains ahead of what are expected to be solid earnings reports. The Dow finished down...

No Easter Cheer for Stocks
 No Easter Cheer for Stocks 
MARKET Open

No Easter Cheer for Stocks

(Newser) - Stock opened lower this morning as investors braced themselves for another round of earnings. The Dow fell 80 points, while the Nasdaq and S&P declined 9.69 and 7.87 points respectively. GM shares plummeted 11% on a report that the Treasury had told it to lay the groundwork...

Dow Rises 246 on Rosy Bank News
 Dow Rises 246 
 on Rosy Bank News
MARKETS

Dow Rises 246 on Rosy Bank News

Rosy NYT report on Treasury 'stress tests' fuels risk appetite

(Newser) - Surging financial stocks spurred a broader rally today, the Wall Street Journal reports. A New York Times report that all 19 banks facing Treasury “stress tests” will pass boosted shares in a sector already buoyed by a strong Wells Fargo earnings forecast. The Dow rose 246.27 to close...

Wells Fargo Lifts Stocks
 Wells Fargo Lifts Stocks 
MARKET Open

Wells Fargo Lifts Stocks

(Newser) - Stocks soared at the open today, thanks to Wells Fargo’s announcement that it expects record first-quarter earnings, the Wall Street Journal reports. The Dow climbed 150 points, while the Nasdaq added 1.8% and the S&P jumped 2.3%. Wells Fargo was up more than 20%. A sterling...

Retailers Gain; Dow Climbs 48
 Retailers Gain; Dow Climbs 48 
MARKETS

Retailers Gain; Dow Climbs 48

Investors overcome grim FOMC minutes

(Newser) - Stocks posted gains today after dipping into the red after the release of minutes from the Fed open market committee’s March meeting, during which forecasts were lowered, the Wall Street Journal reports. Family Dollar Stores' strong earnings report encouraged investors, and the consumer and retail sectors saw broad advances....

Industrials Fall; Dow Down 186
 Industrials Fall; Dow Down 186 
MARKETS

Industrials Fall; Dow Down 186

Earnings season has investors worried

(Newser) - Stocks dropped today as investors grew jittery over earnings season, the Wall Street Journal reports. Major industrial and commodities stocks saw declines ahead of Alcoa’s report, in which analysts expect a loss of 56 cents per share. Tech fell, too, with Research in Motion and Cisco dropping 6% and...

Earnings Outlook Spooks Investors
 Earnings Outlook 
 Spooks Investors 
Market Open

Earnings Outlook Spooks Investors

(Newser) - Investors headed for the hills this morning, ahead of a potentially grim earnings season. The Dow tumbled 141 points, while the S&P sunk 2% and Nasdaq 1.6%. As usual, Alcoa will be the first blue chip to report, with results expected by the close today. Its shares fell...

Worries Prevail, Dow Falls 42
 Worries Prevail, Dow Falls 42 
MARKETS

Worries Prevail, Dow Falls 42

Industrial, financial stocks pace declines

(Newser) - Stocks fell today, ending a 4-day winning streak for the Dow as worries about grim first-quarter earnings reports spooked investors, the Wall Street Journal reports. Alcoa, which will give its report tomorrow, fell 4.3%, as did Caterpillar, off 3.5%. The Dow fell 41.74 to close at 7,...

Stocks Slide Ahead of Earnings
 Stocks Slide Ahead of Earnings 
MARKET Open

Stocks Slide Ahead of Earnings

(Newser) - Stocks turned south this morning, as a series of downgrades and bad news for the Sun/IBM deal spooked investors ahead of earnings season, the Wall Street Journal reports. The Dow dropped 92, the S&P 12. Financials sank after a veteran analyst downgraded 11 major US banks. The Nasdaq fell...

Energy, Tech Climb; Dow Up 39
 Energy, Tech Climb; Dow Up 39 
MARKETS

Energy, Tech Climb; Dow Up 39

Investors take grim jobs report in stride

(Newser) - Stocks closed with small gains after spending the day mostly in the red on the news of a 25-year high in unemployment, the Wall Street Journal reports. Anticipating governments’ stimulus plans will increase fuel demand globally, investors put their money into energy stocks. Tech also performed well after a strong...

Stocks Flat After Jobs Data
 Stocks Flat After Jobs Data 
MARKETs open

Stocks Flat After Jobs Data

(Newser) - Stocks ran out of gas at the open today, as investors digested a grim jobs report. The Dow and S&P were essentially flat, the Wall Street Journal reports, while the Nasdaq inched higher, on strong earnings from Research in Motion. The BlackBerry maker posted a 26% gain in earnings...

Dow Up 216, Flirts With 8,000
 Dow Up 216, Flirts With 8,000 
MARKETS

Dow Up 216, Flirts With 8,000

Financial sector celebrates relaxation of mark-to-market accounting rules

(Newser) - Stocks rallied today to a strong finish as global action to combat the financial crisis boosted confidence, the Wall Street Journal reports. The European Central Bank cut interest rates, and G20 tripled the lending budget of the International Monetary Fund to $750 billion. After going above 8,000, the Dow...

Dow Up 270 on G20 Hopes
 Dow Up 270 on G20 Hopes 
MARKET Update

Dow Up 270 on G20 Hopes

(Newser) - Stocks shot higher this morning, as the G20 conference and a European Central Bank interest rate cut spurred optimism. The Dow was recently up 271 points, while the S&P and Nasdaq have each climbed more than 3.5%. Financials got a boost, as investors bet on a relaxing of...

Dow Up 153 in Strong Q2 Start
 Dow Up 153 in Strong Q2 Start 
MARKETS

Dow Up 153 in Strong Q2 Start

Improved manufacturing report lifts indices

(Newser) - Stocks kicked the second quarter off strong today as good manufacturing news lifted confidence, the Wall Street Journal reports. Stocks initially fell after a worse-than-expected jobs report, but rose after an index had March manufacturing as better than February’s, though still signaling contraction. The Dow rose 152.68 to...

Stocks Dive on Jobs Report
 Stocks Dive on Jobs Report 
MARKET Open

Stocks Dive on Jobs Report

(Newser) - A worse-than-expected jobs report sent stocks tumbling at the open today. The Dow careened down 125 points, while the S&P and Nasdaq sunk 1.8% and 1.9%, respectively. The private sector lost 742,000 jobs in March, according to a new ADP report. Investors were also nervous about...

Dow Up 87; Gains for March
 Dow Up 87; Gains for March 
MARKETS

Dow Up 87; Gains for March

Markets may be leveling out, though gains are fragile

(Newser) - Stocks posted gains today as the first quarter came to a close, the Wall Street Journal reports. While the April earnings season and the results of the Treasury’s stress tests threaten to shatter equities’ recent gains, signs of economic stabilization made March a relatively good month. The Dow rose...

Stocks Rebound on Q1's Last Day
 Stocks Rebound 
 on Q1's Last Day 
Market Open

Stocks Rebound on Q1's Last Day

(Newser) - Stocks tried to end the quarter on a positive note this morning, taking back some of what they lost in yesterday’s sell-off. The Dow added 75 points, while the Nasdaq and S&P were up 1% and 1.4% respectively. GM wasn’t in on the rally though; its...

GM Plummets; Dow Down 254
 GM Plummets; Dow Down 254 
MARKETS

GM Plummets; Dow Down 254

Materials, banks see broad declines

(Newser) - Carmakers led stocks down today, after GM and Chrysler' reconstruction plans were rejected by the Obama administration, the Wall Street Journal reports. GM closed down 25%; parts and materials makers like Goodyear and Alcoa were also sharply lower, as were financials on continued uncertainty in that sector. The Dow fell...

Dow Drops Nearly 300 on Auto Bailout News
 Dow Drops Nearly 300 
 on Auto Bailout News 
MARKET update

Dow Drops Nearly 300 on Auto Bailout News

(Newser) - Stocks hit the brakes hard this morning, after the Obama administration’s auto task force panned GM and Chrysler’s proposed reconstruction plans. The Dow was down 298 points by late morning, while the S&P and Nasdaq had tumbled 59 and 31 points respectively. GM plummeted 25%, falling below...

Dow Down 148, Up for Week
 Dow Down 148, Up for Week 
MARKETS

Dow Down 148, Up for Week

Indices manage to hold on to weekly gains despite Friday dip

(Newser) - Stocks fell today, though not enough to offset broad-based weekly gains, the Wall Street Journal reports. Financials dropped, in part due to comments by JP Morgan Chase CEO James Dimon, who said the bank had more trouble in March than in the first 2 months of the year. JP Morgan...

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