S&P 500

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Stocks Jump at Bell on Central Bank Cash

Dow up 140

(Newser) - Stocks surged at the opening bell this morning, as traders registered approval of the central banks’ move to inject $360 billion into global money markets. The Dow jumped 118 points, while the S&P and Nasdaq rose 1.6% and 2% respectively. “These joint interventions are welcomed by the...

Dow Plunges 449 Points
 Dow Plunges 449 Points 
MARKETS

Dow Plunges 449 Points

SEC moves to restrict short selling

(Newser) - Stocks plummeted again today as insecurity about the financial system gripped the markets, the Wall Street Journal reports. The AIG bailout proved to be of little comfort to traders, who quickly began betting on the next big firm to fall. The Dow closed down 449.36 points to 10,609....

Bears Send Dow Down 350
 Bears Send Dow Down 350 
midday MARKETS

Bears Send Dow Down 350

Morgan Stanley down as much as 40%

(Newser) - Bears are running wild on Wall Street today, with the Dow down as much as 350 points by midday, MarketWatch reports. The Fed’s rescue of AIG seemed to do little to reassure investors, as the financial sector continued to plummet; Morgan Stanley fell as much as 40%, despite a...

Fluctuating Markets Close Up
 Fluctuating Markets Close Up 
MARKETS

Fluctuating Markets Close Up

Dow returns to 11K-plus territory

(Newser) - As AIG's future became somewhat clearer, the wildly fluctuating markets settled into positive territory at the end of today's session. Rumors that the Fed will bail out the mega-insurer helped nearly erase a 74% decline, Bloomberg reports. The Dow closed up 141.51 at 11,059.02, the Nasdaq gained...

Stocks Down Again at Open
 Stocks Down Again at Open 
MARKETS

Stocks Down Again at Open

AIG, Goldman pace decline

(Newser) - Stocks declined at the opening bell today, sending the S&P 500 into its worst two-day slump since 2002, Bloomberg reports. Investors reacted to an overnight credit downgrade for liquidity-challenged AIG and a weak Goldman Sachs earnings report. Overnight lending rates took a record jump last night, as markets fell...

Dow Ends Ugly Day Down 504
 Dow Ends Ugly Day Down 504 
MARKETS

Dow Ends Ugly Day Down 504

Lehman bankruptcy swamps week's first trading day

(Newser) - After a midday lull, stocks plummeted again late today as traders adjusted to the failure of Lehman Brothers and the acquisition of Merrill Lynch by Bank of America, Bloomberg reports. Lehman’s stock alone was down 94.9%. The Dow fell 504.48 to 10,917.51. The S&P...

After Big Drop, Stocks Hold
 After Big Drop, Stocks Hold 
MARKETS

After Big Drop, Stocks Hold

Dow takes 300-point tumble early, but market remaining stable

(Newser) - Stocks have taken a beating today, with the Dow off more than 300 points early, the Wall Street Journal reports, but there’s been a noticeable lack of panic among traders. If the current loss holds steady, it will represent just the sixth-worst day this year, despite the massive upheaval...

Investors Wary; Stocks Mixed
 Investors Wary; Stocks Mixed 
MARKETS

Investors Wary; Stocks Mixed

Lehman's floundering continues to stir fear in financial sector

(Newser) - The markets ended mixed today, as Lehman Brothers foundered and financial firms continued to take hits, MarketWatch reports. Weekly gains were slim, despite Sunday’s Fannie and Freddie bailout, which was supposed to calm investor fears and boost the markets. The Dow closed down 11.72 at 11,421.99....

Late Reversal Leads to Gains
 Late Reversal Leads to Gains 
MARKETS

Late Reversal Leads to Gains

Off big early on Lehman, worries, Dow finishes session up 164.79

(Newser) - The markets saw gains late in the day today despite large losses in the financial sector, MarketWatch reports. Lehman Brothers fell another 41.9% as traders deemed its survival plan ineffective. But falling oil boosted industrial and transport shares, and the Dow closed up 164.79 at 11,43371. The...

Industrial Firms Lead Recovery
 Industrial Firms Lead Recovery 
MARKETS

Industrial Firms Lead Recovery

(Newser) - Stocks rebounded from yesterday's miserable day to close with mild gains, MarketWatch reports. Energy and industrial firms did well after yesterday's huge sell-off, but concerns about Lehman Brothers continued to weigh on the financial sector. The Dow closed up 38.19 points at 11,268.92, the Nasdaq rose 18....

Stocks Reverse; Dow Down 280
 Stocks Reverse; Dow Down 280 
MARKETS

Stocks Reverse; Dow Down 280

Lehman Bros., housing weigh on investor sentiment

(Newser) - After a strong rally yesterday following news of the Fannie/Freddie bailout, stocks gave most of the gain back today as the failure of talks between Lehman Brothers and Korea’s state bank sent shares in the investment giant down 44.1%, MarketWatch reports. The Dow fell 280.01 to close...

Bailout Rally Tails Off Late
 Bailout Rally Tails Off Late 
MARKETS

Bailout Rally Tails Off Late

Persistent worries about the non-financial economy temper gains

(Newser) - US stocks rallied as traders bet the bailout of Fannie Mae and Freddie Mac would help the economy recover, but lost some of those gains—with the Nasdaq even flirting with losses—as the day wore on, MarketWatch reports. Nonetheless, the Dow gained 289.78, closing at 11,510.74....

Stocks Mixed; Down For Week
 Stocks Mixed; Down For Week 
MARKETS

Stocks Mixed; Down For Week

Sliding oil again fails to move markets worried over unemployment

(Newser) - Stocks finished the week with a mixed session today, managing to mostly recover from an early sell-off in reaction to a 5-year high in monthly unemployment, MarketWatch reports. The Dow rose 32.73 to close at 11,220.96. The Nasdaq fell 3.16 to 2,255.88, while the...

Jobs, Sales Send Stocks Diving
 Jobs, Sales Send Stocks Diving 
MARKETS

Jobs, Sales Send Stocks Diving

Dow off 344 as investors grow more worried about economy's health

(Newser) - The markets plummeted today amid poor jobs data and mixed retail sales, MarketWatch reports. Falling oil futures again failed to stimulate stocks as energy increasingly looks like a victim, not a perpetrator, of the economic slump. The Dow fell 344.65 to close at 11,188.23. The Nasdaq lost...

Stocks Send Mixed Messages
 Stocks Send Mixed Messages 
MARKETS

Stocks Send Mixed Messages

Falling oil prices have lost their ability to spur gains in equities

(Newser) - The markets saw mixed gains today as investors weighed falling oil, mildly positive manufacturing news and another big drop in domestic auto sales, the Wall Street Journal reports. The Dow closed up 15.96 at 11,532.88. The Nasdaq added 15.51 to close at 2,333.73, and...

Rally Fizzles Despite Oil's Drop
 Rally Fizzles Despite Oil's Drop 
MARKETS

Rally Fizzles Despite Oil's Drop

Traders becoming more focused on economic strength than fuel

(Newser) - An early rally faded today and the markets closed with mild losses, the Wall Street Journal reports. Oil fell $5.75 as Gulf Coast oil-production facilities appeared to have emerged mostly unscathed from Hurricane Gustav, but the news failed to give equities lasting momentum. The Dow closed down 26.63,...

Dell, Income Data Sour Stocks
 Dell, Income Data Sour Stocks 
MARKETS

Dell, Income Data Sour Stocks

3-day streak of gains broken on weak computer profits, lower income figures

(Newser) - Stocks lost value today on disappointing second-quarter earnings from computer maker Dell and news of declining personal incomes, MarketWatch reports. Trading remained light ahead of the Labor Day weekend as the Dow lost 171.22 to close at 11,543.96. The Nasdaq dropped 44.12, to 2,367.52,...

Stocks Rally on GDP Revision
 Stocks Rally on GDP Revision
MARKETS

Stocks Rally on GDP Revision

MBIA's jump leads insurers higher, and lower energy prices power big gains

(Newser) - Stocks rallied today as MBIA led gains for bond insurers and the news of an upward revision to the second-quarter US gross domestic product brightened investor sentiment, MarketWatch reports. The Dow rose 212.67 to close at 11,715.18. The Nasdaq gained 29.18, closing at 2,411.64,...

Durable Goods Key Solid Gains
 Durable Goods Key Solid Gains 
MARKETS

Durable Goods Key Solid Gains

Oil ticks up on Gustav fears, but markets barely flinch

(Newser) - Stocks gained today as the markets embraced a positive report on durable goods and discounted a rise in oil as merely a short-term threat posed by Tropical Storm Gustav, MarketWatch reports. The Dow climbed 89.64 to 11,502.51, the Nasdaq gained 20.49 to close at 2,382....

Stocks Flat on Mixed News
 Stocks Flat on Mixed News 
MARKETS

Stocks Flat on Mixed News

Convention, vacations mean trading volume stays light

(Newser) - Stocks were mixed amid mostly poor economic data today, the Wall Street Journal reports. With trading light and much attention focused on the Democrats’ economic plans, the Dow gained 26.62 to close at 11,412.87. The Nasdaq fell 3.62, closing at 2,361.97, while the S&...

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