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Europe Applauds Bank Crackdown; Markets Swoon

Bank shares hit hard by pledge to curb risk-taking

(Newser) - European leaders today lauded President Obama's plan to limit the size and risk-taking of the nation's banks, but stock markets worldwide were rattled. Asian markets fell sharply today and European markets opened down, following a 213 point drop in the Dow yesterday, its biggest 2-day loss since March. Europeans said...

Dow Falls 213 Points; Year's Gains Erased

Obama's regulations hurt financial stocks

(Newser) - JP Morgan Chase, Bank of America, and other financial stocks led a broad sell-off today after President Obama unveiled new proposals to regulate banks, the Wall Street Journal reports. The fall means the Dow is now in the red for 2010.
  • The Dow fell 213 points to close at 10,
...

Dow Falls 122, Biggest Drop Since November

Investors are worried that the cost of borrowing is going to rise

(Newser) - A report that China's Banking Commission is tightening lending policy stoked fears that borrowing costs may rise globally, causing a broad sell-off in stocks, the Wall Street Journal reports.
  • The Dow lost 122 points to close at 10,603, the biggest drop since November.
  • The Nasdaq fell 29 points, closing
...

Dow Up 116 on Massachusetts Race
 Dow Up 116 on 
 Massachusetts Race 
MARKETS
Jan 19, 2010 3:24 PM CST

Dow Up 116 on Massachusetts Race

Investors were betting that Brown will win and dash reform legislation

(Newser) - Stocks rallied today, led by a surge in health care stocks, the Wall Street Journal reports. Traders were betting that Scott Brown would beat Martha Coakley in Massachusetts and damage the chances of health care reform.
  • The Dow rose 116 points to close at 10,725.
  • The Nasdaq added 32
...

Obama's First Year in Numbers

 Obama's 
 First Year 
 in Numbers 
DOW'S UP, AT LEAST
Jan 18, 2010 12:10 PM CST

Obama's First Year in Numbers

The Dow is up more than 2,600 points, at least

(Newser) - President Obama is about to celebrate—maybe that's not the right term—one year in office, and the AP takes a look at some numbers that have defined his inaugural turn around the sun.
  • The Dow: Perhaps the only clear victory. The Dow Jones Industrial Average has risen from 7,
...

Dow Falls 101 in 2010's Worst Day
 Dow Falls 101 
 in 2010's Worst Day 
MARKETS
Jan 15, 2010 3:22 PM CST

Dow Falls 101 in 2010's Worst Day

Intel, JP Morgan earnings, though positive, stoke worry

(Newser) - Stocks started the day with losses and failed to recover, with financials leading the slide. JPMorgan Chase dragged down the sector thanks to its quarterly report, which showed strong earnings but hinted at continued weakness in consumer loans, the Wall Street Journal reports.
  • The Dow fell 100.90 points to
...

Dow Up 30 Ahead of Intel Earnings
 Dow Up 30 Ahead 
 of Intel Earnings 
markets
Jan 14, 2010 3:16 PM CST

Dow Up 30 Ahead of Intel Earnings

December retail sales sag

(Newser) - Stocks gained today on optimism over Intel's earnings, due after the bell, despite an unexpected drop in December retail sales and a rise in business inventories, the Wall Street Journal reports.
  • The Dow added 30 points to close at 10,711.
  • The Nasdaq gained 9 points, closing at 2,317.
...

Dow Up 54 on Pharma Gains
 Dow Up 54 on Pharma Gains 
MARKETS
Jan 13, 2010 3:25 PM CST

Dow Up 54 on Pharma Gains

Markets unmoved by bankers' Washington testimony

(Newser) - Stocks posted solid gains, with the health-care sector leading the way after Credit Suisse analysts upgraded Merck, the Wall Street Journal reports.
  • The Dow gained 54 points to close at 10,681.
  • The Nasdaq added 26 points, closing at 2,308.
  • The S&P 500 jumped 9 points to settle
...

Dow Drops 37 After Weak Alcoa Report
 Dow Drops 37 After 
 Weak Alcoa Report 
MARKETS
Jan 12, 2010 3:20 PM CST

Dow Drops 37 After Weak Alcoa Report

China tightens economic policy, raising investors' anxiety

(Newser) - Stocks fell today as Alcoa's $277 million loss sounded a sour note for the beginning of the earnings season, the Wall Street Journal reports.
  • The Dow fell 37 points to close at 10,627.
  • The Nasdaq lost 30 points, closing at 2,282.
  • The S&P 500 dropped 11 points
...

Dow Up 46 Ahead of Earnings
 Dow Up 46 Ahead of Earnings 
MARKETS
Jan 11, 2010 3:12 PM CST

Dow Up 46 Ahead of Earnings

China reports big 56% jump in imports from year-ago

(Newser) - The markets were mixed today as traders awaited the launch of quarterly earnings season, which began after the bell. Dow component Caterpillar gained on trade figures from China, the Wall Street Journal reports.
  • The Dow gained 45.80 points to close at 10,663.99.
  • The Nasdaq lost 4.76,
...

For Gay Marriage to Pass, Economy Must Bounce Back

Prosperity will translate into more open-mindedness

(Newser) - New Jersey's senate voted down gay marriage less than a day before conservative Portugal's parliament gave it the thumbs-up, and that got Alex Balk thinking: What will it take for same-sex marriage to fly in the US? The answer, counterintuitive though it may seem: economic recovery. "Legislators are not...

Dow Up 11 Despite Jobs Report
 Dow Up 11 Despite Jobs Report 
MARKETS
Jan 8, 2010 3:15 PM CST

Dow Up 11 Despite Jobs Report

Stocks make gains for first trading week of 2010

(Newser) - Stocks spent most of the day down modestly but pulled up sharply at the close, as traders proved relatively unmoved by disappointing December unemployment figures, the Wall Street Journal reports.
  • The Dow rose 11.33 points to close at 10,618.19.
  • The Nasdaq added 17.12, closing at 2,
...

Dow Up 33 After Jobs Data
 Dow Up 33 After Jobs Data  
MARKETS
Jan 7, 2010 3:27 PM CST

Dow Up 33 After Jobs Data

Weekly jobs numbers beat expectations

(Newser) - Stocks registered slight gains as weekly jobless claims beat expectations and analysts were upbeat on commercial real estate, despite a rate hike by the Chinese central bank, the Wall Street Journal reports.
  • The Dow rose 33 points to close at 10,607.
  • The Nasdaq fell 1 point to 2,300.
...

Dow Up 2 on Weak Data
 Dow Up 2 on Weak Data 
MARKETS
Jan 6, 2010 3:20 PM CST

Dow Up 2 on Weak Data

Lukewarm improvement for service-sector activity, jobs

(Newser) - Stocks remained stuck in neutral on a lukewarm December jobs report and slight expansion in the non-manufacturing sector, though raw-materials firms saw gains, the Wall Street Journal reports.
  • The Dow rose 2 points to close at 10,574.
  • The Nasdaq fell 8 points, closing at 2,301.
  • The S&P
...

Dow Falls 12 on Housing, Auto Data
 Dow Falls 12 on 
 Housing, Auto Data 
MARKETS
Jan 5, 2010 3:19 PM CST

Dow Falls 12 on Housing, Auto Data

Pending-home sales dropped 16% in November

(Newser) - Stocks ended mixed today, with the Dow down slightly on news of a 16% drop in pending-home sales for November and monthly sales drops from Chrysler and GM, the Wall Street Journal reports.
  • The Dow fell 12 points, closing at 10,572.
  • The Nasdaq closed flat at 2,309.
  • The
...

Dow Rallies, Closes Up 156 on Wave of Optimism

Dow closes at highest level since October 2008

(Newser) - Stocks rallied today off an upswing in manufacturing activity for December and Fed comments that reaffirmed the central bank's continued commitment to low interest rates, the Wall Street Journal reports.
  • The Dow jumped 155.91 points to close at 10,583.96.
  • The Nasdaq added 39.27, closing at 2,
...

Dow Drops 120 to End '09
 Dow Drops 120 to End '09 
the markets
Dec 31, 2009 3:10 PM CST

Dow Drops 120 to End '09

But yearly gains are still biggest since 2003

(Newser) - The markets finished the year on a bearish note, reports MarketWatch . Because jobless claims fell, investors are worried that the Fed will consider it a sign of a strengthening economy and raise interest rates in the new year. Despite the final-day fall, the Dow posted its biggest yearly gain since...

Stocks Close In on Big 2009 Gains

Dow up 61% since the low point in March

(Newser) - Stocks have rebounded mightily since the dark days of March, though analysts warn the dazzling recovery could make for a lackluster 2010, or even auger a double-dip recession or '30s-style yo-yoing markets. The good news first: Barring a disastrous close today, the Dow will be up around 61% since March...

Dow Rises 3 in Light Day
 Dow Rises 3 in Light Day 
the markets
Dec 30, 2009 3:11 PM CST

Dow Rises 3 in Light Day

Markets largely flat as investors start closing 2009 books

(Newser) - The markets didn't budge much one way or the other today on light trading, reports MarketWatch . Many traders already have begun closing the books on 2009, notes the Wall Street Journal .
  • The Dow rose 3 points to close at 10,549.
  • The Nasdaq also added 3 to finish at 2,
...

Dow Dips 2 Points, Ends 6-Day Streak
 Dow Dips 2 Points, 
 Ends 6-Day Streak 
the markets
Dec 29, 2009 3:14 PM CST

Dow Dips 2 Points, Ends 6-Day Streak

Energy and tech stocks bring numbers into the red

(Newser) - Declines in energy and tech stocks kept the Dow from posting a seventh straight day of gains. Those declines tempered earlier good news showing a slowdown in the decline of home prices and a rise in consumer confidence, reports MarketWatch .
  • The Dow dropped 2 points to close at 10,545.
...

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