stock market

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5 Signs That Augur the Fall of the Bull

A look at reliable indicators that the bear market is ascendant

(Newser) - After reaching a high in mid-July, the Dow has taken a sharp downturn. But how do you know when the bloom is off the rose? Here are Money magazine's five signs that usually precede a fall:
  1. Sudden surge in oil prices
  2. Treasury yields run up

Markets Jump on Fed Move
Markets Jump on Fed Move
Aug 17, 2007 10:04 AM CDT

Markets Jump on Fed Move

(Newser) - Stocks rallied in early trading today after the Federal Reserve shaved a half-point off of one of its key interest rates, the Wall Street Journal reports. The Dow initially shot up more than 300 points; after settling some, it was up 150.46 by midmorning. European stocks were buoyed as...

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...

Market Opens Sharply Down
Market Opens Sharply Down
Aug 16, 2007 10:18 AM CDT

Market Opens Sharply Down

(Newser) - US stocks dipped this morning, following steep declines in Europe and Asia as distress over the expanding credit crisis heightened. The Dow Jones sank over 100 points this morning, and the S&P was off nearly 0.8% after erasing its entire year's gains yesterday. "Everyone is waiting for...

Loan Giant Downgraded to 'Sell,' Faces Bankruptcy

Top US mortgage lender caught in the squeeze

(Newser) - Loan giant Countrywide saw its shares plummet 13% yesterday after the company experienced trouble borrowing money in the market for short-term debt. A Merrill Lynch analyst downgraded the stock from "buy" to "sell," sparking talk of possible bankruptcy, reports the LA Times. Before today's open, the company...

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...

'Blood Hits Streets' as Asian Markets Plunge

Continuing credit woes trigger steepest dive in six years

(Newser) - Asian stock markets continued to slide today, pounded by fears of a global credit squeeze, recording their most precipitous drop in five years, Reuters reports. South Korea's Kospi index skidded 6.9 percent as major corporations and financial institutions took horrific beatings. Australia's Rams Home Loans Group revealed it can't...

Stocks Drop, Market Awaits Fed Cuts
Stocks Drop, Market Awaits Fed Cuts
Aug 15, 2007 4:18 PM CDT

Stocks Drop, Market Awaits Fed Cuts

Dow sinks below 13,000 as credit tremors continue

(Newser) - Major indexes sank again after a volatile day, as analysts continue to speculate on a possible interest-rate cut. The New York Fed put about $7 billion into the system with an overnight repurchase agreement, which put an early bounce in the Dow before it lost 167.45 later in the...

Risk-Averse Euro Markets Retreat
Risk-Averse
Euro Markets
Retreat
Aug 15, 2007 7:42 AM CDT

Risk-Averse Euro Markets Retreat

Subprime mortgage damage, uncertainty continue to spread

(Newser) - European markets plunged today over worries about the spreading subprime mortgage crisis. Analysts downgraded UBS and Deutsche Bank, which dropped, and all 14 open Western European exchanges lost ground, echoing the Asian markets' earlier retreat. "There's a lot of uncertainty about what's going on and who has lost money...

Stocks Take Another Tumble
Stocks Take Another Tumble
Aug 14, 2007 3:50 PM CDT

Stocks Take Another Tumble

Mortgage woes persist, retail down

(Newser) - The markets lost again today, as a small cash manager’s move to halt investor pullouts agitated fears about liquidity, as well as deeper jitters over mortgage woes seeping into credit markets. The Dow fell 207.61 points to 13028.92, dragged down heavily by two major retail components, Wal-Mart...

Weak Wal-Mart Profits Turn Smiles Upside-Down

Stock dips in early trading on anemic report

(Newser) - Wal-Mart stock saw its biggest dip in five years in early trading this morning, after Q2 profits rose less than analysts had expected. The Arkansas-based behemoth says full-year profit will total $3.13 a share, 3 cents lighter than its projections: Bloomberg reports that surging gas prices, faltering home sales...

Obscure Rule Change Blamed for Wild Market

'Downtick' regulation helped check stock free falls

(Newser) - A change in an arcane rule governing stock trading is being blamed for some of the recent volatility in the stock market, the Wall Street Journal reports. For more than 75 years, the "downtick rule" prevented traders from shorting a stock as the price fell. Its repeal last month...

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,...

Japan Pumps Cash Into Market
Japan Pumps Cash Into Market
Aug 13, 2007 12:16 AM CDT

Japan Pumps Cash Into Market

Interest rate hikes unlikely

(Newser) - The Bank of Japan pumped $5.1 billion into the Japanese financial system today as the  global credit crunch continued to ripple through the Asian markets, Bloomberg reports. Adding to the jitters, Japan's growth is slowing more markedly than economists predicted; the world's second-largest economy expanded by only 0.5%...

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...

Techs Surge Despite Late Drop
Techs Surge Despite Late Drop
Aug 8, 2007 4:46 PM CDT

Techs Surge Despite Late Drop

Nasdaq up more than 2%

(Newser) - The major indexes were up again today, buoyed by the tech sector as the Nasdaq gained 51.38—more than 2%—to close at 2612.98. Losses just before the bell came close to erasing earlier gains, as rumors amplified that Goldman Sachs would liquidate a major fund and that...

Exit Scrambles Fidelity Succession Picture

Mutual-fund giant loses possible heir apparent

(Newser) - A top Fidelity Investments exec has resigned her post, reigniting speculation about the closely held firm's line of succession, reports the Wall Street Journal. Ellyn McColgan, 53, who was president of a division of the largest American mutual-fund company, was seen as a front-runner in the race to succeed 77-year-old...

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...

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