stock market – News Stories About stock market - Page 158

Analysis

Mar 25, 2008 11:21 AM CDT

The Great Depression It's Not

What if the end isn't near for the global economy?

(Newser) - Certainly, the 8-month-old credit crisis is serious, but the market turmoil is unlikely to kick off the next Great Depression, financial markets editor Mike Dolan writes for Reuters. "You could be forgiven for thinking we will all soon be hoarding food and reverting to a barter economy," he...

Bear Bid Boosts Stocks

MARKETS

Mar 24, 2008 3:49 PM CDT

Bear Bid Boosts Stocks

Unexpectedly strong home sales also spur rally

(Newser) - Stocks ended up today, thanks to JPMorgan's increased bid for Bear Stearns and unexpectedly strong monthly home-sales data. Still, investors remained cautious, the Wall Street Journal reports. "Who knows if there's going to be another Bear Stearns out there?" an analyst asked. The Dow finished up 187.32 at...

Dow Slides 293 Points

MARKETS

Mar 19, 2008 3:44 PM CDT

Dow Slides 293 Points

Markets couldn't keep up yesterday's huge rally

(Newser) - Stocks slid fast today as commodity prices plunged. Investors rebalanced their portfolios after pumping cash into commodities such as gold and oil for insurance against seesawing stocks, the Wall Street Journal reports. The Dow ended down 293 points to 12,099.66, the Nasdaq 58.3 to 2,209.96,...

Interest Soars Sky-High in Visa's $18B IPO

Mar 19, 2008 8:43 AM CDT

Interest Soars Sky-High in Visa's $18B IPO

Record-breaking debut could mark turning point for markets

(Newser) - Visa pulled in almost $18 billion in its initial public offering yesterday, the San Francisco Chronicle reports. The credit card company's IPO was the biggest by far in US history and the second biggest ever. The $44-per-share price investors paid was $2 higher than the company's highest estimate, and the...

Stocks Blast Off; Dow Rises 420

MARKETS

Mar 18, 2008 3:47 PM CDT

Stocks Blast Off; Dow Rises 420

Worries lessen that investment banks are doomed

(Newser) - Stocks blasted off today, with the Dow up more than 400 points after the Fed rate cut and a rally by investment bank stocks. "The run on the investment banks would appear to be over,'' a strategist told Bloomberg. The Dow ended up 420.41 at 12,392....

Stocks Bounce, End Mixed

MARKETS

Mar 17, 2008 3:50 PM CDT

Stocks Bounce, End Mixed

Stocks are up... no down... what's going on?!

(Newser) - Stocks seesawed throughout the day, finally ending today's session mixed, with the Dow closing up. The markets struggled to rebound from serious losses sustained after Bear Stearns' fire sale; buyer JPMorgan Chase's stock closed up 11%. The Dow ended up 21.16 at 11,972.25, the Nasdaq down 35....

Stocks Rebound, Countering Selloff in Financials

Market Update

Mar 17, 2008 10:17 AM CDT

Stocks Rebound, Countering Selloff in Financials

Bear Stearns buyout sends JP Morgan up, Lehman Brothers down

(Newser) - Stocks steadied after steep early morning losses today, with the Dow actually rising 1.06 points by mid-morning, the Wall Street Journal reports. But financials were still down big, as the Bear Stearns fire sale loomed large over the market. Lehman Brothers, down 22%, was hit the worst, other than...

JP Morgan Buys Bear
Stearns for $2 a Share

Mar 16, 2008 6:35 PM CDT

JP Morgan Buys Bear Stearns for $2 a Share

Deal rushed today to avoid filing for bankruptcy

(Newser) - JP Morgan has agreed tonight to buy Bear Stearns for a scant $2 a share, a bargain-basement price—stock closed at $30 a share—that demonstrates the urgency of staving off the collapse of the venerable investment bank and widespread panic in financial markets, the AP reports. The Bush administration...

'Perfect Storm' Batters US Economy

ANALYSIS

Mar 14, 2008 12:30 PM CDT

'Perfect Storm' Batters US Economy

Unpredictable markets continue to feed stagflation fears

(Newser) - A perfect storm of economic maladies has the US economy reeling on the edge of recession and officials struggling to limit the damage it causes, reports the New York Times. But many economists say there isn’t much the government or policy makers can do besides batten down the hatches...

Stocks Rally, Flatten, End Down

MARKETS

Mar 12, 2008 3:38 PM CDT

Stocks Rally, Flatten, End Down

Oil hitting $110-a-barrel mark sure doesn't help; hopes of another rate cut rise

(Newser) - Markets shot up early today, then flattened out and ended down as record oil and gas prices put a damper on things. Per-barrel oil prices hit $110.20 before landing at $109.92, the Wall Street Journal reports. The Dow ended down 46.57 to 12,110.24, the Nasdaq...

Wow! Dow Climbs 400 Points

MARKETS

Mar 11, 2008 3:55 PM CDT

Wow! Dow Climbs 400 Points

Fed's plan sends stocks roaring

(Newser) - The Fed's plan to ease the credit crisis sent stocks roaring today; by the closing bell, the Dow was up by more than 400 points. Financials led the way, reports the Wall Street Journal, with massive gains by Citigroup and American Express. The Dow closed up 416.66 at 12,...

PC Makers Aim Overseas

Mar 7, 2008 12:23 PM CST

PC Makers Aim Overseas

US remains biggest market as demand in other skyrockets

(Newser) - PC makers are increasingly setting their sights on markets outside the US, which are making up an ever-larger share of the worldwide computer market, USA Today reports. PC sales are growing in the US, still the world’s largest market, but are rising much faster elsewhere. Last year, the US...

Asian Stock Markets Dive

Mar 7, 2008 6:07 AM CST

Asian Stock Markets Dive

US credit crisis has investors in Asian markets hedging their bets

(Newser) - Japan’s Nikkei fell 3.3% and Australia’s S&P/ASX2000 dropped 3.2% as woeful US economic news—including rising foreclosures, worsening homeowner debt and impending credit defaults—sent Asian markets reeling, the Associated Press reports. Investors also worried that a key jobs report to be released this morning...

Early Rally Falls Flat, Recovers

MARKETS

Mar 5, 2008 3:39 PM CST

Early Rally Falls Flat, Recovers

Stocks creep back up after a hit from Ambac plan

(Newser) - After an early rally, stocks fell after being hit with news on Ambac Financial's restructuring plan, but then regained some of the lost territory by the closing bell. Shares fell after Ambac said that instead of a bailout plan, it would raise money through a sell-off and restructuring, reports CNNMoney....

Feds OK Wyeth's New Antidepressant

Feb 29, 2008 7:41 PM CST

Feds OK Wyeth's New Antidepressant

Faced with generic threats to its popular Effexor XR, company banking on Pristiq

(Newser) - Antidepressant Effexor XR will soon lose patent protection, and maker Wyeth is hoping Pristiq, the successor drug approved today by the FDA, will soften the financial blow. Higher-ups at the company gush over Pristiq's advantages, including zero acclimation time and no liver interaction, and hope that sales will offset losses...

Higher Bid Could Rattle Yahoo Holders

Feb 27, 2008 9:24 PM CST

Higher Bid Could Rattle Yahoo Holders

Many also hold Microsoft stock and could lose money

(Newser) - A new Microsoft bid to take over Yahoo will do little to quash Yahoo holders' worries— primarily because many of them have greater holdings in Microsoft itself, reports MarketWatch. Eighteen of Yahoo's top shareholders—comprising 42% of its shares—have greater investments in the software Goliath "and could likely...

Stocks Flat After Roller Coaster

MARKETS

Feb 27, 2008 3:21 PM CST

Stocks Flat After Roller Coaster

Market buffeted by more ugly data, soothing Bernanke testimony

(Newser) - Stocks ended mainly flat after mixed news had indices seesawing throughout today's session, the Wall Street Journal reports. Economic news was bad in general, but Federal Reserve chairman Ben Bernanke and housing regulators cheered the markets with upbeat comments. The Dow ended up 9.36 to 12,694.28, the...

Stocks Surge on IBM Buyback

MARKETS

Feb 26, 2008 3:40 PM CST

Stocks Surge on IBM Buyback

Techs bolster confidence on 3rd straight day of gains

(Newser) - A $15 million buyback by IBM plus today's good retail news and higher commodity prices set off a third straight day of stock market gains. IBM sparked a tech rally, including big gains by Intel and Microsoft, the Wall Street Journal reports. The Dow gained 114.7 to close at...

Stocks Rally on Credit News

MARKETS

Feb 25, 2008 3:43 PM CST

Stocks Rally on Credit News

S&P maintains rating of top bond insurers Ambac, MBIA

(Newser) - Stock rallied in a big way today after S&P maintained the high credit ratings of top bond insurers Ambac and MBIA. The rating agency called MBIA's success "a strong statement of management's ability to address the concerns relating to the capital adequacy of the company," the Wall ...

Stocks Surge in Late Comeback

MARKETS

Feb 22, 2008 3:47 PM CST

Stocks Surge in Late Comeback

Depressing day reverses on news of possible Ambac bailout

(Newser) - Traders faced heavy losses across the board today until a late rally on news of a possible bailout for a major bond insurer sent prices soaring to gains, MarketWatch reports. The Dow rose 96.72 points to close at 12,381.02, the Nasdaq gained 3.57 points to 2,...