stock market – News Stories About stock market - Page 163

MARKETS

Jan 23, 2008 3:34 PM CST

Markets Roar Back After Slide

Dow starts down 300 points, ends up 300 points

(Newser) - Stocks roared back today after their initial slide, with the Dow ending up nearly 300 points as markets closed after plunging more than 300 points when they opened. Still, recession fears are far from banished. "The broader issues that are troubling this market are going to be with us,...

Stocks Struggling
After Early Skid

UPDATED

Jan 23, 2008 8:50 AM CST

Stocks Struggling After Early Skid

Tech sector starts with a whimper as Apple earnings come in lower than hoped

(Newser) - Stocks continued their downward march today, with the Dow off 139.41 points by midmorning, up from a 228.75-point dive at the opening bell. Seeming to shrug off yesterday’s huge emergency rate cut from the Fed, investors are acting on fears of recession, and focusing on disappointing...

No Worm in Apple, Yet
Stock Falls

Jan 22, 2008 10:23 PM CST

No Worm in Apple, Yet Stock Falls

Record-high $1.5B earnings fail to placate nervous investors

(Newser) - Despite reporting record-high earnings, Apple saw its stocks fall more than 11% after the market closed today, the New York Times reports. Apple's lowered 2nd quarter earning expectations may have sparked the drop, analysts say, unless investors are anxious about the high-end electronics market in general as the US economy...

Advice Amid Market Turmoil:
Don't Panic!

Jan 22, 2008 12:55 PM CST

Advice Amid Market Turmoil: Don't Panic!

Ride out the storm and hang on to your 401k, experts say

(Newser) - If you’re watching today’s economic news with trepidation, financial experts want you to take a deep breath. “This is not the beginning of the end,” said one analyst. “If you’re going to invest in stocks, this kind of volatility comes with the territory.”...

Europe Sees Biggest Stock Plunge Since 9/11

Jan 21, 2008 4:10 PM CST

Europe Sees Biggest Stock Plunge Since 9/11

US futures drop, adding to fears for domestic markets

(Newser) - Amid continuing concerns about a US recession, European stocks took their biggest single-day plunge since 9/11 today, reports MarketWatch. Losses from financial institutions appeared to be the biggest culprit in the day's 5.4% drop, which added to a crippling trend: The Dow Jones Stoxx 600 index has dropped 23%...

Stocks Teeter on Oil News

MARKETS

Jan 16, 2008 3:42 PM CST

Stocks Teeter on Oil News

Some wonder if Fed might offer rate cut before month's end

(Newser) - Stocks ended slightly down today partly in response to falling oil prices, which could provide a possible jump-start for consumer spending, the Wall Street Journal reports. "Considering that oil was near $100 not too long ago, this is a big move," one trader said. The Dow ended down...

Citigroup Woes Sink Stocks

MARKETS

Jan 15, 2008 3:31 PM CST

Citigroup Woes Sink Stocks

Bleak retail numbers also contribute to steep decline

(Newser) - Stocks plunged today on news of Citigroup's big losses and surprisingly poor retail numbers. This is the worst start to a year by the S&P 500 since 1978, reports Bloomberg. "There seems to be no end of bad news,'' says one exec. The Dow was down 277....

IBM Leads Stock Surge

MARKETS

Jan 14, 2008 3:45 PM CST

IBM Leads Stock Surge

Hopes for another rate cut also contributed to the rally

(Newser) - Stocks surged today, propelled by hopes for an interest rate cut and expectation-busting fourth-quarter results from IBM. "The Fed has a very hard job right now, but I think the market is saying it thinks they are up to the task," a trading exec told the Wall Street ...

Techs Push Stocks Back Up

MARKETS

Jan 9, 2008 3:47 PM CST

Techs Push Stocks Back Up

Buffett, financials help drive year's biggest gain

(Newser) - Stocks moved higher today, boosted by the first upward bump in tech shares in seven days. Meanwhile, Berkshire Hathaway said it might invest in municipal bond insurers, Bloomberg reports. The company is "looking at ways to support the existing insurers in terms of reinsurance and capital," one exec...

Microsoft to Buy Norway's Fast for $1.2B

Jan 8, 2008 7:05 PM CST

Microsoft to Buy Norway's Fast for $1.2B

Bid is 42% premium over enterprise searcher's recent price

(Newser) - Microsoft solidified its plans to purchase Fast Search & Transfer today with a $1.2 billion offer, roughly a 42% premium over the Norwegian enterprise search company's Friday closing price. The news drove Microsoft shares down today to $34.20, a 1.2% drop, while Fast shares rose nearly 41%,...

Financials Send Stocks Sliding

MARKETS

Jan 8, 2008 3:40 PM CST

Financials Send Stocks Sliding

Citigroup, Countrywide lead downward trend

(Newser) - Stocks plunged today as financials dragged down the markets. Countrywide reeled despite releasing statements denying it was preparing to file for bankruptcy protection. "You can't really have a healthy market without healthy financials," a trader told the Wall Street Journal. The Dow was down 238.42 to 12,...

Bad News Brings Out the Bears

MARKETS

Dec 27, 2007 3:59 PM CST

Bad News Brings Out the Bears

Instability in Pakistan and durable goods news sparks decline

(Newser) - The markets suffered steep losses today following the one-two punch of bad news from Pakistan and the Commerce Department. In the wake of Benazir Bhutto’s assassination and a disappointing durable goods report, the Dow fell 192.08, the largest drop in a week, to 13,359.61, while the...

BlackBerry Maker On a Sales Roll

Dec 21, 2007 12:26 AM CST

BlackBerry Maker On a Sales Roll

Consumer demand means RIM ends 2007 on a revenue high

(Newser) - Blackberry maker Research in Motion is seeing its sales and profits soar, CNN reports. Third-quarter results show revenue has doubled from a year ago and the Canadian company looks set to end the year on a high. Much of the growth is credited to Blackberry use expanding beyond its corporate...

Stocks Plunge After Rate Cut

MARKETS

Dec 11, 2007 3:54 PM CST

Stocks Plunge After Rate Cut

Investors had hoped for half-point cut

(Newser) - Stocks plunged today after the Fed cut a key interest rate by only a quarter-point, Bloomberg reports. Investors who had hoped for a half-point fear the smaller cut won't do enough to stave off a recession. "They're thinking that the Fed doesn't get it," said a strategist. The...

Stocks Up on Rate Cut Hopes

MARKETS

Dec 10, 2007 3:56 PM CST

Stocks Up on Rate Cut Hopes

Investors keep their eye on tomorrow's Fed actions

(Newser) - Stocks kept climbing today as investors held out for a nearly certain rate cut at tomorrow's Fed meeting. A positive housing report and mostly good news from financials also helped keep things bullish. "Everybody is paying attention to tomorrow's rate" cut, a trader told the Wall Street Journal. The...

Rate-Freeze Plan Lifts Stocks

MARKETS

Dec 6, 2007 3:29 PM CST

Rate-Freeze Plan Lifts Stocks

Financial companies and builders lift the markets

(Newser) - Stocks leaped again today after the Treasury Department's plan to freeze some mortgage rates eased fears of a recession. Investors also continue to expect that the Fed will cut interest rates on Dec. 11, the Wall Street Journal reports. The Dow was up 174.93 to 13,619.89, the...

Good News Rallies Markets

MARKETS

Dec 5, 2007 3:32 PM CST

Good News Rallies Markets

Sunny economic stats and hope for a rate cut give stocks a boost

(Newser) - Stocks took off today in response to cheerful economic data and rising hopes for a Dec. 11 rate cut from the Fed. Government reports showed an increase in productivity and an unexpected jump in hiring, the Wall Street Journal reports. The Dow was up 196.23 to 13,444.96,...

Stocks Fall on Credit Worries

MARKETS

Dec 4, 2007 3:39 PM CST

Stocks Fall on Credit Worries

JPMorgan says earnings will drop at big brokerages

(Newser) - Stocks fell again today after JPMorgan Chase predicted that profits would drop at big brokerages. Meanwhile, lower oil prices lowered earning prospects for energy companies, reports Bloomberg. "Until credit loosens up, you can't get a solid footing in the market," says a manager. The Dow was down 65....

Computers Thin Ranks of NYSE Floor Traders

Dec 3, 2007 9:38 AM CST

Computers Thin Ranks of NYSE Floor Traders

Iconic backdrop 'dead' as shares trade electronically

(Newser) - The famously frenetic NYSE trading floor is rapidly becoming history as more efficient computer trading replaces human traders. With most of the exchange's trading rooms shuttered, only two trading halls stay open to the 1,500 remaining traders, whose numbers are dwindling, AFP reports. "The floor as we knew...

After Rallies, Stocks Flatten Out

MARKETS

Nov 29, 2007 3:41 PM CST

After Rallies, Stocks Flatten Out

Stocks come back from early dip, then drift into, out of the red

(Newser) - Markets waffled for most of today's session and ended slightly up, after a big dip in the morning. "We've had an awful lot of upside, and [stocks] are entitled to some rest," one strategist tells the Wall Street Journal. The Dow was up 22.28 to 13311.73,...