stock market

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Dow Rises 400 at Open
 Dow Rises 400 at Open 
MARKETS
Oct 13, 2008 8:44 AM CDT

Dow Rises 400 at Open

Market could be recovering

(Newser) - Stocks took a big jump in the right direction this morning, reassured by worldwide efforts to prop up the banking system, the Wall Street Journal reports. The Dow rose more than 400 points at the bell, with the S&P and Nasdaq rising 4.4% and 4.7% respectively. The...

It's a Good Time to Buy
 It's a Good Time to Buy
Analysis
Oct 12, 2008 10:10 AM CDT

It's a Good Time to Buy

Experts see silver lining as key stocks go cheap

(Newser) - Panicking about the stock market plunge? Some analysts are looking on the bright side: If history is any guide, this could be a golden opportunity to buy stocks, the New York Times reports. Since the Depression, government intervention has generally succeeded at restoring economies, so buying low now could pay...

Market Meltdown Reshapes Forbes Rich List

Buffett bumps Gates in redrawn rankings of world's wealthiest

(Newser) - The mortgage meltdown has certainly hit middle-class Americans hard but hasn't spared the uber-wealthy, Bloomberg reports. Las Vegas Sands CEO Sheldon Adelson’s net worth shed $4 billion between Aug. 29 and Oct. 1, for instance, while Warren Buffett overtook Bill Gates, whose net worth declined $1.5 billion, as...

Stocks Plunge 600, Rebound
 Stocks Plunge 600, Rebound 
MARKETS
Oct 10, 2008 8:53 AM CDT

Stocks Plunge 600, Rebound

Panic grips the street

(Newser) - Stocks continued their rocky ride this morning, plunging more than 600 points after the opening bell before rebounding, reports the Wall Street Journal. The Dow, in what the Journal calls a “slow-motion crash,” was down about 250 points after the first hour. The Nasdaq and S&P followed...

Is a Bull Market on the Horizon?

Lower rates and commodity prices and stocks that looks cheap could trigger a run

(Newser) - Apocalyptic attitudes abound, but weed through the financial doom and gloom and you'll find a few economists who think we've bottomed out, and that a bull market is up next, writes Michael Hiltzik in the Los Angeles Times. The Dow has dropped 34.6% in the last year, but recent...

Stocks Rise at Open as Jobless Claims Fall
Stocks Rise at Open as Jobless Claims Fall
MARKETS
Oct 9, 2008 9:12 AM CDT

Stocks Rise at Open as Jobless Claims Fall

But volatility ensures we'll need to update this in no time

(Newser) - Stocks saw a strong open this morning, with the Dow rising 135 points after a positive quarterly report from IBM and a rally in European stocks, the Wall Street Journal reports. But investors were also mulling a worse-than-expected jobs report. Though new jobless claims fell by 20,000 last week,...

IBM Forecast Rallies Asian, European Markets

Big Blue's outlook erases some gloom

(Newser) - After five straight trading days of losses, investors may have regained a touch of confidence as markets in Asia and Europe bounced back from their beatings today, reports Bloomberg. The rebound, fueled in part by IBM’s reaffirmation of its profit forecast, comes after the worst five-day selloff since 1987....

Iceland Shuts Stock Market, Nationalizes No. 1 Bank

Overexposed Nordic nation sinks deeper into financial crisis

(Newser) - Iceland shut down its stock exchange today due to "unusual market conditions" and will keep it closed until Monday, the AP reports. The move came just hours after the Icelandic government nationalized Kaupthing, the nation's largest bank and the third to come into public ownership. An IMF delegation...

Crisis Drains $2T From Retirement Savings

Tumbling values may mean more workers have to stay on jobs longer, retire later

(Newser) - The financial crisis has drained $2 trillion from Americans' retirement savings over the  past 15 months, reports the Washington Post, a 20% drop in the value of pensions and 401(k) plans that may force many to retire later and could spread to the general economy as workers tighten belts further....

Stocks Rocky After Rate Cuts
 Stocks Rocky After Rate Cuts 
updated
Oct 8, 2008 9:25 AM CDT

Stocks Rocky After Rate Cuts

Investors cheer/jeer/cheer the rate cut

(Newser) - Stocks had a volatile morning, dropping as much as 230 points after the bell before swinging upwards once more, the Wall Street Journal reports. The Dow was up about 39 points at midmorning, while the Nasdaq and S&P gained 0.7% and 0.8% respectively, as investors digested a...

It Hasn't Been This Bad Since 1937

Stocks stuck in a 'downward spiral of fear;' no end in sight

(Newser) - With investors unconvinced the government’s $700 billion bailout or the Fed’s new plan to buy commercial paper will thaw frozen credit markets, markets remained trapped in “a downward spiral of fear,” reports BusinessWeek. The Dow’s 29% loss this year is its worst since 1937’s...

World Markets Tumble
 World Markets Tumble 

UPDATE
Oct 8, 2008 2:40 AM CDT

World Markets Tumble

Biggest drop in over 20 years, Brit bailout fails to stop FTSE dive

(Newser) - Fears of a global recession sent markets plummeting around the world today, Bloomberg reports. Japan's Nikkei index nosedived 9.4%—its biggest fall since the stock market crash of 1987. Indonesia and Russia halted trading after their benchmark index dove 10%. Of 100 companies listed in Britain's FTSE 99 fell...

Cramer: I Was Being Responsible!

Mad guru maintains that money is safer out of Wall Street

(Newser) - Jim Cramer returned to NBC's Today Show to dismiss viewer attacks that he yelled "fire in a crowded building" by advising they pull out of Wall Street any money they need in the short term. "What happens if there is one raging?" he retorted. The "innate optimist,...

Stocks Sink as Bernanke Hints at Rate Cut
Stocks Sink as Bernanke Hints at Rate Cut
MARKETS
Oct 7, 2008 1:28 PM CDT

Stocks Sink as Bernanke Hints at Rate Cut

After early optimistic surge, Dow falls 300 points

(Newser) - Federal Reserve Chairman Ben Bernanke warned today that the financial crisis has not only darkened the country's current economic performance but also could prolong the pain. The Fed chief's gloomy assessment appeared to hint of an interest rate cut on or before the Fed’s next meeting later this month....

Stocks Creep Higher at Open
 Stocks Creep Higher at Open 
MARKETS
Oct 7, 2008 9:02 AM CDT

Stocks Creep Higher at Open

Commercial paper plan breeds cautious optimism

(Newser) - Stocks rose at the opening bell today, buoyed by the Fed’s dramatic promise to intervene in the commercial paper market. The Dow rose 79 points at the open, as the Nasdaq and S&P rose 1.1% and 0.8% respectively, the Wall Street Journal reports. Investors also believe...

Sell Those Stocks! Banks Are Better: Cramer
Sell Those Stocks! Banks
Are Better: Cramer
opinion
Oct 6, 2008 8:30 PM CDT

Sell Those Stocks! Banks Are Better: Cramer

(Newser) - The stock market is no place to keep a dollar these days, warned hollering financial guru Jim Cramer today on Mad Money. Another depression is possible and energy woes are likely, he said, so the smart investor will free up money needed in the next 5 years by selling stock....

On Sports Exchange, 'Trade' Takes on New Meaning

Create a 'Sportfolio' and buy and sell shares in your favorite athletes

(Newser) - Trading baseball cards with your friends is so 20th century. A new website allows sports fans to trade shares in athletes and even teams, effectively wagering real money on the performance of pro and college athletes, reports Reuters. "I see the marketplace being enormous," says an early investor...

Dow Down 700, Hits 4-Year Low
 Dow Down 700, Hits 4-Year Low 
UPDATED
Oct 6, 2008 1:58 PM CDT

Dow Down 700, Hits 4-Year Low

'This is just about fear right now'

(Newser) - Stocks continued downward today, with the Dow falling a record 782 points, the Wall Street Journal reports, and settling mid-afternoon around 9,571, below 10,000 for the first time since October 2004. “This is just about fear right now, and whether stocks are going to close down 200...

Stocks Rise on Opening Bell
 Stocks Rise on Opening Bell 
MARKETS
Oct 3, 2008 8:48 AM CDT

Stocks Rise on Opening Bell

New Wachovia deal boosts optimism

(Newser) - Stocks climbed higher today, buoyed by Wells Fargo’s deal to snatch Wachovia from Citigroup. The Dow is up more than 100 points in early trading, while the Nasdaq and S&P rose 1.7% and 1.5%, respectively. Seemingly ignored was a worse-than-expected employment report, which showed the sharpest...

Stocks Fall Despite Senate Vote
 Stocks Fall Despite Senate Vote 
MARKETS
Oct 2, 2008 9:00 AM CDT

Stocks Fall Despite Senate Vote

Jobless claims up

(Newser) - Senate approval of the bailout bill wasn’t enough to calm investors this morning, as the Dow posted a modest 51-point decline. Driving the pessimism was a report that new jobless claims have hit a new 7-year low, the Wall Street Journal reports. The S&P and Nasdaq each fell...

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