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Stocks Inch Up After Fed Action
Stocks Inch Up After Fed Action
MARKETS

Stocks Inch Up After Fed Action

Bad news and lingering doubts about yesterday's cut keep rally tame

(Newser) - Stocks gained slightly after the Fed's decision to join four other central banks in pumping cash into the global financial system. Following yesterday's plunge of nearly 300 points after the Fed cut interest rates by only a quarter-point, the Dow gained 41.13 to close at 13,473.90. The...

Stocks Even to Close Week
Stocks Even to Close Week
MARKETS

Stocks Even to Close Week

Mixed data, Fed anticipation stall markets

(Newser) - The markets ended mostly even today as mixed data and anticipation of next week’s Fed meeting kept investors cautious. Given the suspense over a potential rate cut, “who is going to make a big bet now?” asked one strategist. The Dow closed up 5.69 at 13,625....

Financials Drag Dow Down
Financials Drag Dow Down
MARKETS

Financials Drag Dow Down

Good vibes on mortgage deals steady markets

(Newser) - Bad news in the financial sector today meant the first bearish day for the market in five sessions, as Deutsche Bank’s negative prediction for fourth-quarter earnings pushed Morgan Stanley, Merrill Lynch, and Lehman Brothers downward. The Dow fell 57.15 to 13,314.57, the Nasdaq slid 23.83...

Techs Put Damper on Optimism
Techs Put Damper on Optimism
MARKETS

Techs Put Damper on Optimism

Dell's struggles narrow Bernanke boost

(Newser) - The markets closed up today on rumors of a coming interest rate cut, but bad news in the tech sector limited gains. The Dow climbed 59.99 points to 13,371.72, but only after a negative forecast from Dell erased a sizable morning rally. The S&P 500 climbed...

Tech Stocks Lead Nasdaq surge
Tech Stocks Lead Nasdaq surge

Tech Stocks Lead Nasdaq surge

(Newser) - Amazon, Research in Motion and Google led a blue chip advance in the tech sector today, helping to pull the Nasdaq Composite up 3.2%, after a Fed officials reiterated the need for a “nimble” monetary policy, raising hopes the group will lower interest rates next month, the Wall ...

Retail Leads Black Friday Rally
Retail Leads Black Friday Rally
MARKETS

Retail Leads Black Friday Rally

Wal-Mart, Target, JC Penney all gain; Citigroup rebounds

(Newser) - Stocks rose in an abbreviated session today, cutting losses for the week as early-bird Christmas shopping gave reason for optimism. "The fact that Black Friday is not a disaster and is off to a modest but healthy start is just a relief,'' one analyst told Bloomberg. The Dow...

Dow Up After Roller-Coaster Day
Dow Up After Roller-Coaster Day
MARKETS

Dow Up After Roller-Coaster Day

Bad news doesn't halt rally; markets end week up

(Newser) - The major indexes closed up today after erratic trading as bad news on industrial production and new negative forecasts failed to halt an end-of-week rally. The Dow gained 66.74 to 13,176.79, the Nasdaq climbed 18.73 to 2,637.24, and the S&P 500 closed at...

Dow Dips Below 13K
Dow Dips Below 13K

Dow Dips Below 13K

Markets seesaw, close down

(Newser) - The Dow closed below 13,000 today after seesawing on bad news from the financial sector and falling oil prices. The Dow finished at 12,987.55, down 55.19, after E*Trade said further mortgage-related write-downs might come—and its shares dropped 56%. The Nasdaq slid 43.81 to close...

Dow Sheds 223, Flirts With 13K
Dow Sheds 223, Flirts With 13K

Dow Sheds 223, Flirts With 13K

Retail hit hard as well

(Newser) - The Dow dove 223.55 today to 13,042.74, its lowest close in 2 months, as investors reacted to rough news about tech and retail stocks. The S&P 500 wrapped up its its worst 3-day fall since January 2003, losing 21.07 to close at 1,453.70,...

Stocks Edge Up on Mixed Day
Stocks Edge Up on Mixed Day

Stocks Edge Up on Mixed Day

Turmoil besets financial sector

(Newser) - The major indexes saw small gains today despite turmoil in the financial sector and skepticism about a positive jobs report.  The Dow climbed 27.23 points to 13,595.10, the Nasdaq added 15.55 to close at 2,810.38, and the S&P 500 gained 1.21...

Stocks Up on Microsoft Earnings
Stocks Up on Microsoft Earnings

Stocks Up on Microsoft Earnings

Nasdaq, others jump on Countrywide optimism and possible rate cuts

(Newser) - Optimism prevailed on Wall Street today as Microsoft clobbered estimates and Countrywide promised the worst was behind it. The tech-heavy Nasdaq led the way, gaining 53.33 to finish at 2,804.19. The S&P 500 rose 20.87 to 1,535.28; 65% of its components have beaten...

Dow Dives 367 on 'Black Friday'
Dow Dives 367 on 'Black Friday'

Dow Dives 367 on 'Black Friday'

(Newser) - Wall Street observed the 20th anniversary of Black Monday with an absolute bloodbath today as the Dow fell a whopping 366.94 points to close at 13,522.02. Wachovia, Caterpillar, and Honeywell led a host of disappointing earnings reports, driving every major index down over 2.5%. The S&...

Google Search Finds $1B Profit
Google Search Finds $1B Profit

Google Search Finds $1B Profit

Massive boost in weakest quarter

(Newser) - Google's search for profit growth produced a 57% jump in revenue and a 46% increase in profits to $1B in the third quarter. The Wall Street Journal reports the boost in net income came from its core search-advertising business, as well as its brokering of ads that appear on partner...

Microchips Earning Maxi Profits
Microchips Earning Maxi Profits

Microchips Earning Maxi Profits

Intel net income boosted 43% by huge demand for laptops

(Newser) - Silicon Valley giant Intel, whose microchips are an integral part of most computers, reported a 43% jump in net income to $1.86 billion for the third quarter—and forecast another increase in the current quarter. The company is firing on all cylinders, with investors driving up the stock 26%...

Tech, Retail Sales Spark Rally
Tech, Retail Sales Spark Rally

Tech, Retail Sales Spark Rally

S&P has risen five straight weeks

(Newser) - Surging tech stocks and positive economic news that eased recession fears helped fuel the first market rally in three days today, with the S&P 500 capping its fifth straight week of gains to close at 1,561.80, up 7.39. The Dow added 77.96 to close at...

Stocks Slide on Earnings Angst
Stocks Slide on Earnings Angst

Stocks Slide on Earnings Angst

(Newser) - The Dow had its biggest fall in a month today, as investors showed anxiety over third-quarter earnings. The key index dropped 85.84 points from yesterday's record high to 14,078.69, after aluminum maker Alcoa announced a sales slippage of 3.2%. Boeing contributed to the bearish day with...

Fed News Boosts Dow to Record
Fed News Boosts Dow to Record

Fed News Boosts Dow to Record

S&P 500 also closes at all-time high

(Newser) - The markets spiked to record highs today after the Fed released minutes from its critical September meeting that revealed unanimous consent for the large interest rate cuts. The Dow climbed 120.80 points to close at an all-time high of 14,164.53. One economist told the Journal, “Just...

Stocks Dip on Bad Oil News
Stocks Dip on Bad Oil News

Stocks Dip on Bad Oil News

(Newser) - Stocks fell today as oil producers and miners faced fears a slow economy would hamper demand. Crude dropped as low as $78.98 as Columbus Day brought the slowest trading session of the year; the Dow closed at 14,043.73, down 22.28. Exxon and Occidental both saw declines,...

Economy Slows, Stocks Surge: What Gives?

'Teflon investors' are relying on the good news

(Newser) - Stocks are surging while classic indicators are signaling slump — so what gives? The answer, reports the Washington Post, lies in a bright jobs report and spiking Standard & Poor's 500-stock index. Backers are dissing the bad news as fast as they can finance, says the Post: "Call them...

Jobs Stats Propel Markets
Jobs Stats Propel Markets

Jobs Stats Propel Markets

(Newser) - The Dow and the S&P each set intraday records after today’s unexpectedly good jobs news, and the Nasdaq hit a 7-year high. The Dow closed at 14,066.01, up 91.70 points, and the S&P climbed 14.75 to 1,557.59 after indications that a...

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