stock market – News Stories About stock market - Page 160

MARKETS

Jan 14, 2008 3:45 PM CST

IBM Leads Stock Surge

Hopes for another rate cut also contributed to the rally

(Newser) - Stocks surged today, propelled by hopes for an interest rate cut and expectation-busting fourth-quarter results from IBM. "The Fed has a very hard job right now, but I think the market is saying it thinks they are up to the task," a trading exec told the Wall Street ...

Techs Push Stocks Back Up

MARKETS

Jan 9, 2008 3:47 PM CST

Techs Push Stocks Back Up

Buffett, financials help drive year's biggest gain

(Newser) - Stocks moved higher today, boosted by the first upward bump in tech shares in seven days. Meanwhile, Berkshire Hathaway said it might invest in municipal bond insurers, Bloomberg reports. The company is "looking at ways to support the existing insurers in terms of reinsurance and capital," one exec...

Microsoft to Buy Norway's Fast for $1.2B

Jan 8, 2008 7:05 PM CST

Microsoft to Buy Norway's Fast for $1.2B

Bid is 42% premium over enterprise searcher's recent price

(Newser) - Microsoft solidified its plans to purchase Fast Search & Transfer today with a $1.2 billion offer, roughly a 42% premium over the Norwegian enterprise search company's Friday closing price. The news drove Microsoft shares down today to $34.20, a 1.2% drop, while Fast shares rose nearly 41%,...

Financials Send Stocks Sliding

MARKETS

Jan 8, 2008 3:40 PM CST

Financials Send Stocks Sliding

Citigroup, Countrywide lead downward trend

(Newser) - Stocks plunged today as financials dragged down the markets. Countrywide reeled despite releasing statements denying it was preparing to file for bankruptcy protection. "You can't really have a healthy market without healthy financials," a trader told the Wall Street Journal. The Dow was down 238.42 to 12,...

Bad News Brings Out the Bears

MARKETS

Dec 27, 2007 3:59 PM CST

Bad News Brings Out the Bears

Instability in Pakistan and durable goods news sparks decline

(Newser) - The markets suffered steep losses today following the one-two punch of bad news from Pakistan and the Commerce Department. In the wake of Benazir Bhutto’s assassination and a disappointing durable goods report, the Dow fell 192.08, the largest drop in a week, to 13,359.61, while the...

BlackBerry Maker On a Sales Roll

Dec 21, 2007 12:26 AM CST

BlackBerry Maker On a Sales Roll

Consumer demand means RIM ends 2007 on a revenue high

(Newser) - Blackberry maker Research in Motion is seeing its sales and profits soar, CNN reports. Third-quarter results show revenue has doubled from a year ago and the Canadian company looks set to end the year on a high. Much of the growth is credited to Blackberry use expanding beyond its corporate...

Stocks Plunge After Rate Cut

MARKETS

Dec 11, 2007 3:54 PM CST

Stocks Plunge After Rate Cut

Investors had hoped for half-point cut

(Newser) - Stocks plunged today after the Fed cut a key interest rate by only a quarter-point, Bloomberg reports. Investors who had hoped for a half-point fear the smaller cut won't do enough to stave off a recession. "They're thinking that the Fed doesn't get it," said a strategist. The...

Stocks Up on Rate Cut Hopes

MARKETS

Dec 10, 2007 3:56 PM CST

Stocks Up on Rate Cut Hopes

Investors keep their eye on tomorrow's Fed actions

(Newser) - Stocks kept climbing today as investors held out for a nearly certain rate cut at tomorrow's Fed meeting. A positive housing report and mostly good news from financials also helped keep things bullish. "Everybody is paying attention to tomorrow's rate" cut, a trader told the Wall Street Journal. The...

Rate-Freeze Plan Lifts Stocks

MARKETS

Dec 6, 2007 3:29 PM CST

Rate-Freeze Plan Lifts Stocks

Financial companies and builders lift the markets

(Newser) - Stocks leaped again today after the Treasury Department's plan to freeze some mortgage rates eased fears of a recession. Investors also continue to expect that the Fed will cut interest rates on Dec. 11, the Wall Street Journal reports. The Dow was up 174.93 to 13,619.89, the...

Good News Rallies Markets

MARKETS

Dec 5, 2007 3:32 PM CST

Good News Rallies Markets

Sunny economic stats and hope for a rate cut give stocks a boost

(Newser) - Stocks took off today in response to cheerful economic data and rising hopes for a Dec. 11 rate cut from the Fed. Government reports showed an increase in productivity and an unexpected jump in hiring, the Wall Street Journal reports. The Dow was up 196.23 to 13,444.96,...

Stocks Fall on Credit Worries

MARKETS

Dec 4, 2007 3:39 PM CST

Stocks Fall on Credit Worries

JPMorgan says earnings will drop at big brokerages

(Newser) - Stocks fell again today after JPMorgan Chase predicted that profits would drop at big brokerages. Meanwhile, lower oil prices lowered earning prospects for energy companies, reports Bloomberg. "Until credit loosens up, you can't get a solid footing in the market," says a manager. The Dow was down 65....

Computers Thin Ranks of NYSE Floor Traders

Dec 3, 2007 9:38 AM CST

Computers Thin Ranks of NYSE Floor Traders

Iconic backdrop 'dead' as shares trade electronically

(Newser) - The famously frenetic NYSE trading floor is rapidly becoming history as more efficient computer trading replaces human traders. With most of the exchange's trading rooms shuttered, only two trading halls stay open to the 1,500 remaining traders, whose numbers are dwindling, AFP reports. "The floor as we knew...

After Rallies, Stocks Flatten Out

MARKETS

Nov 29, 2007 3:41 PM CST

After Rallies, Stocks Flatten Out

Stocks come back from early dip, then drift into, out of the red

(Newser) - Markets waffled for most of today's session and ended slightly up, after a big dip in the morning. "We've had an awful lot of upside, and [stocks] are entitled to some rest," one strategist tells the Wall Street Journal. The Dow was up 22.28 to 13311.73,...

Dow Jumps 331 on Fed Hopes

MARKETS

Nov 28, 2007 3:40 PM CST

Dow Jumps 331 on Fed Hopes

Stronger dollar and respite from bad news on financials keeps market bouncing

(Newser) - Stocks were way up today—the Dow by over 300 points—buoyed by hopes for a Fed interest-rate cut, good news from beleaguered financials, and a stronger dollar. Remarks by Vice Chairman Donald Kohn led investors to believe the Fed is still considering a cut, the Wall Street Journal reports....

Credit Woes Wipe Out Bounce

MARKETS

Nov 26, 2007 3:44 PM CST

Credit Woes Wipe Out Bounce

Black Friday upswing crushed by the financial sector

(Newser) - Credit worries wiped out the market's bounce from Black Friday today as the Dow plunged well over 200 points. The financial sector led the dive. "Until the financials bounce back the market's not going to be in a great place," one trader tells the Wall Street Journal. The...

Retail Leads Black Friday Rally

MARKETS

Nov 23, 2007 2:34 PM CST

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...

Investor Worries Sink Stocks

MARKETS

Nov 21, 2007 3:47 PM CST

Investor Worries Sink Stocks

The Dow drops by 2,100 points

(Newser) - Worries over the credit market's effect on the broader economy resurfaced in a big way today as stocks sank, swamped by yesterday's newly glum growth forecast from the Federal Reserve. Other economic data released today were similarly bleak. "The index of leading indicators was a pretty lousy number,"...

Stocks Take a Ride, End Up

MARKETS

Nov 20, 2007 3:50 PM CST

Stocks Take a Ride, End Up

Rally, dive, rally, wheeeee!

(Newser) - Stocks nosed up today after rallying, plunging, then rallying again. Freddie Mac and Fannie Mae reported big losses and pushed the markets downward, but stocks made up some lost ground with a good sales report from Hewlett Packard and a UBS upgrade for Exxon. The Dow was up 51.70...

Citigroup Leads Steep Nosedive

MARKETS

Nov 19, 2007 3:48 PM CST

Citigroup Leads Steep Nosedive

Downgraded stock kicked off the day badly, and the markets kept dropping

(Newser) - Stocks fell today—the Dow by more than 200 points—after a Goldman analyst downgraded Citigroup to "sell" in the morning, setting off a skid. The same analyst lowered target prices on Merrill Lynch, Morgan Stanley, and several other stocks, which fell by over 2%, the Journal reports. The...

Stocks Fall Second Straight Day

Nov 15, 2007 3:46 PM CST

Stocks Fall Second Straight Day

Wells Fargo, JC Penney are chief bearers of bad news

(Newser) - Stocks were down for a second consecutive session today on bad tidings from Wells Fargo, JC Penney, and Exxon Mobil. Mortgage giant Wells called the housing market the worst since the Depression; Exxon fell after a surprise decrease in oil prices. The Dow was down 120.96 to 13,110....