stock market

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Stocks Saunter Downward
 Stocks Saunter Downward 
MARKET Open

Stocks Saunter Downward

Mild drop as investors hold breath

(Newser) - Stocks dipped at the open today, as investors digested downbeat corporate news while awaiting an auto bailout. The Dow fell as much as 145; the Nasdaq and S&P were off 1.3% and 1.4%, respectively. Auto shares retreated after yesterday’s gains, the Wall Street Journal reports, with...

Stocks Jump on Auto Hope
 Stocks Jump on Auto Hope 
MARKET Open

Stocks Jump on Auto Hope

Obama plan also helps extend Friday's rally

(Newser) - Stocks burst out of the gate this morning, as investors continued to cheer Barack Obama’s infrastructure plan and imminent help for the auto industry. The Dow rocketed up 229 points, accompanied by 2.7% and 2.9% jumps for the Nasdaq and S&P, the Wall Street Journal reports....

Jobs Data Send Stocks Tumbling
 Jobs Data Send 
 Stocks Tumbling 
MARKET Open

Jobs Data Send Stocks Tumbling

(Newser) - Stocks took a tumble at the open today, after a stunningly terrible payroll report showed that the US lost more than a half-million jobs in November, the 11th straight month of losses. The Dow fell 95 points, while the S&P and Nasdaq dropped 1% and 1.4% respectively, the...

Warning Signs Sink Stocks
 Warning Signs 
 Sink Stocks 
MARKET Open

Warning Signs Sink Stocks

It's bad, Jim

(Newser) - Stocks took a tumble at the open today, thanks in part to a private report saying the economy shed 250,000 non-governmental jobs last month, and signs of slowing consumer spending. The Wall Street Journal reports that all 30 Dow stocks were trading lower, bringing the index down 145 points,...

Stocks Take Modest Bounce
Stocks Take Modest Bounce 
MARKET Open

Stocks Take Modest Bounce

Dow up after disastrous session

(Newser) - Stocks headed north this morning, after a grisly Monday that saw the Dow fall 7.7% and the S&P 500 drop 8.9%. Things looked less traumatic today, as the Dow rose a modest 68 points at the open, accompanied by 1.2% and 1.4% rises in the...

Is Recession in the Cards? More Turn to Psychics

One clairvoyant's advice beat the market

(Newser) - Canadian Ray Pambrun sold many of his stocks in late October and managed to miss the market’s most recent downswing. His secret? Consulting a psychic, who beat out the financial advisers and economists predicting a bottom. It may not be the soundest investment strategy, but clairvoyants have seen business...

Cramer Shares 'Obama Portfolio'
 Cramer Shares 
 'Obama Portfolio' 
OPINION

Cramer Shares 'Obama Portfolio'

Guru picks hot stocks for 2009

(Newser) - America isn’t out of the economic woods, but savvy investors should drop some kindling on their investment fires, James Cramer writes in New York. “Obama’s swift transition and desire to spend trillions to get us moving could prove that happier days will eventually beckon, at least for...

Rally Over; Dow Down 300
 Rally Over; Dow Down 300 
MARKET Open

Rally Over; Dow Down 300

Post-Holiday session no good

(Newser) - Stocks plunged this morning, giving back a big chunk of last week’s big rally. The Dow dropped 350 points, while the S&P and Nasdaq gave up 41 and 65 points respectively. “Investors are saying in these turbulent times it is best to take what comes your way,...

Stocks Even Worse Overseas
 Stocks Even 
 Worse Overseas 
The Markets

Stocks Even Worse Overseas

US investors rush out of foreign markets

(Newser) - The US stock market has seen its worst year in decades—but things have been even worse in Europe and Asia, the Wall Street Journal reports. While the Dow is down 33% for the year, Germany’s DAX index has fallen 42% and China’s Shanghai Composite has plummeted 64%....

Red Friday for Stocks
 Red Friday for Stocks 
MARKET Open

Red Friday for Stocks

Stocks drop at the open

(Newser) - Stocks inched into the red this morning, with the Dow down 38 and the S&P and Nasdaq off 0.5% and 0.9% at the open, the Wall Street Journal reports, but those declines come on the heels of four straight days of gains. The market closes early today,...

Market Opens Down on Grim Spending Data

 Market Opens Down 
 on Grim Spending Data 

MARKEts

Market Opens Down on Grim Spending Data

Dow down triple digits, the good times are over

(Newser) - Wall Street’s three-day revival screeched to a halt this morning, as the Dow opened down 136 points following a grim consumer spending report. Personal consumption fell 1% in October, the fastest consumers have slammed the brakes on spending in 7 years, the Wall Street Journal reports. Orders for durable...

Stocks Keep Good Vibes Going
 Stocks Keep Good Vibes Going 
MARKET Open

Stocks Keep Good Vibes Going

Stocks climb as investors are cheered by Fed plan to help consumer credit

(Newser) - Stocks continued to rise at the open this morning, with the Dow climbing more than 100 points and the S&P gaining 1.5%, as investors cheered the Treasury and Fed’s new program to boost consumer credit, the Wall Street Journal reports. The Nasdaq, however, was off slightly. The...

Stocks Jump on Citi Rescue
 Stocks Jump on Citi Rescue 
MARKET Open

Stocks Jump on Citi Rescue

Dow makes triple-digit move in the right direction

(Newser) - Stocks kept Friday’s good mojo going this morning, after the government announced a massive plan to prop up Citigroup. The Dow rose 145 points at the open, as Citi shares leaped 57%, and pulled the rest of the sector with them. Bank of America rose 13%, while Morgan Stanley...

Bloodied Stocks Rebound
 Bloodied Stocks Rebound 
MARKET Open

Bloodied Stocks Rebound

Selloff brings in sellers

(Newser) - Stocks took a big bounce at the open today, after two brutal days that sent markets to 11-year lows. The Dow jumped 137 at the open, with the S&P and Nasdaq trading 2.2% and 1.8% higher, respectively. Citigroup shares jumped 5%, on news the company was considering...

Ignore Market Until February
 Ignore Market Until February 
OPINION

Ignore Market Until February

End-of-year effects cause distorting swings

(Newser) - The stock market can be a great synthesizer of millions of individual judgment calls about economic growth, government policy, and world events, writes Andy Kessler in the Wall Street Journal. But it’s also subject to end-of-year distortions, especially in down times like these. What's an investor to do? "...

Below 8,000, Dow Continues to Drop
 Below 8,000, Dow 
 Continues to Drop 
MARKET Open

Below 8,000, Dow Continues to Drop

Financial, auto fears still reign

(Newser) - Stocks took a slide at the open today, following a disastrous session yesterday that saw the Dow fall below the 8,000 mark. The Dow shed 160 points at the open, accompanied by 21- and 17-point declines in the Nasdaq and S&P. Stocks have fallen nearly 8% this week...

Brazilian Trader Shoots Himself at Exchange

He clings to life after suicide attempt in wake of plunging market

(Newser) - A Brazilian trader was in critical condition after shooting himself in the chest on the floor of the nation's commodities and futures exchange yesterday. The tragedy occurred in the raucous interest rate futures pit, where some $21 billion in contracts are traded daily. Brazil's main stock index has plunged 50%...

Mark Cuban Hit With Insider-Trading Charges

Owner of NBA's Dallas Mavericks accused in 2004 stock sale

(Newser) - Dallas Mavericks owner Mark Cuban was charged today with insider trading, the Dallas Morning News reports. The government alleges that, in 2004, Cuban spoke with the CEO of a company in which he held shares, and was told, confidentially, of a new stock offering that would dilute the value of...

Stocks Drop on Citi, Retail Woes
 Stocks Drop on Citi,
 Retail Woes 
MARKET Open

Stocks Drop on Citi, Retail Woes

(Newser) - Stocks slid at the open, as Citigroup slashed jobs and retailers reported yet more disappointing results. The Dow lost 160 points, while the S&P and Nasdaq dropped 1.8% and 1.5% respectively. Among the big drops were Target and Lowe’s, which each took a 24% hit to...

Stocks Sink on Record Retail Plunge
 Stocks Sink on 
 Record Retail Plunge 
MARKET Open

Stocks Sink on Record Retail Plunge

Host of negative news hurts markets

(Newser) - Stocks tumbled at the open today, after a raft of negative news overshadowed yesterday’s big rally. The Dow fell 128 points, while the Nasdaq and S&P shed 2% and 1.8% respectively. The Dow shot up more than 500 points yesterday, but today brought a dismal quarterly report...

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