stock market – News Stories About stock market - Page 161

Nov 14, 2007 3:53 PM CST

Stocks Teeter, Dive Before Bell

Techs lead the plunge; oil prices jump again

(Newser) - Stocks wavered throughout today's session, finally falling well into the red before the bell. Despite relatively good news from the financial sector—including a hopeful outlook from Bear Stearns—surging oil prices and profit-taking in the tech sector brought the markets down. The Dow was off 83.16 to 13,...

Dow Climbs 320, Ending Skid

Nov 13, 2007 3:48 PM CST

Dow Climbs 320, Ending Skid

Could the worst of the credit crisis be over?

(Newser) - The Dow shot up by nearly 320 today, ending 4 days of declines as the markets bounced back in a rally led by financial stocks. A drop in oil prices helped, as did the announcement that Apple was planning to sell its iPhone in China, reports Bloomberg. The Dow surged...

Asian Stocks Plunge on
US Slowdown Worries

Nov 12, 2007 7:02 AM CST

Asian Stocks Plunge on US Slowdown Worries

(Newser) - Renewed anxiety over the US sub-prime crisis and Friday's Wall Street slump ignited a stock dump in Asian markets today, hammering the Japanese Topix index to a two-year low and sending the dollar’s value against the yen to its lowest point in 18 months. Hong Kong’s Hang Sang...

Visa Heads for Biggest IPO in US in Years

Nov 10, 2007 12:18 PM CST

Visa Heads for Biggest IPO in US in Years

Offering expected early next year could surpass $10B

(Newser) - Visa is moving ahead on a massive initial public stock offering expected early next year. Papers filed yesterday show that shares could be valued at $10 billion, which would make it the second-largest public offering in US history, the Wall Street Journal reports. The biggest is the $10.62 billion...

Techs Lead Stocks' Tumble

Nov 8, 2007 3:48 PM CST

Techs Lead Stocks' Tumble

Cisco report, Bernanke speech spook investors

(Newser) - Technology concerns led a second consecutive down session on Wall Street today. Stocks headed south as Cisco Systems reported slowing demand and Federal Reserve chief Ben Bernanke told Congress the economy will "slow noticeably" in the fourth quarter, and continue to be hobbled by the housing crisis into the...

Dow Off 360 on Credit Worries

Nov 7, 2007 3:45 PM CST

Dow Off 360 on Credit Worries

Weak dollar, pricey oil have markets reversing gains

(Newser) - Stocks plummeted again today as investors remembered just how scary the credit crunch is. Financials led the fall, and the Dow was down 360. "Negative news that was overlooked and ignored yesterday" was back today, one manager told the Wall Street Journal. The Dow finished off 360.92 to...

Oil, Gold Lift Markets

Nov 6, 2007 3:37 PM CST

Oil, Gold Lift Markets

Record highs fuel late rally

(Newser) - Stocks closed up today, buoyed by surging oil and gold prices. Oil hit $97 a barrel, and gold is at a 27-year high, Bloomberg reports. Energy and metals producers, including Exxon Mobil and Newmont Mining—the world's second-largest gold-mining company—led the rally. The Dow was up 117.54 to...

Citigroup Drags Stocks Down

Nov 5, 2007 3:43 PM CST

Citigroup Drags Stocks Down

Banking giant reports $11B in additional losses

(Newser) - Stocks closed down today after Citigroup announced $11 billion more in mortgage-related writedowns, reports Bloomberg. Early heavy losses reversed later in the session as investors calmed down, reports CNNMoney, but none of the major indexes moved into positive territory. The Dow was down 51.7 to 13,543.4, the...

Stocks Plummet; Dow Off 362

Nov 1, 2007 3:49 PM CDT

Stocks Plummet; Dow Off 362

Rate-cut concerns, and plain old bad news, hit Wall Street hard

(Newser) - Stocks turned sharply downward today—including a 362-point plunge by the Dow—on concerns over yesterday's Fed rate cut and bad news from Exxon Mobil and Citigroup. The cut led to "nervousness that there's another shoe to drop," a analyst told the Wall Street Journal. The Dow was...

Early Stock Dive Wipes
Out Fed-Rate Rally

Nov 1, 2007 10:54 AM CDT

Early Stock Dive Wipes Out Fed-Rate Rally

Dow tumbles by more than 250 points in early trading

(Newser) - Stock fell sharply at the opening today, wiping out yesterday's rally spurred by the Fed's rate cut. The Dow was down by over 250 points in early trading, spurred by several bits of bad news, including an Exxon earnings plunge and a Citigroup downgrade. But the Wall Street Journal speculates...

Google Shares Scoot Past $700

Nov 1, 2007 9:15 AM CDT

Google Shares Scoot Past $700

37% surge since Sept. 10 puts the company among the top 5 US firms

(Newser) - High investor expectations for Google's wireless and social networking businesses to equal its online advertising success pushed the search giant’s share price past $700 yesterday, reports the Wall Street Journal. Google’s stock has gained more than $100 since Oct. 8, and it is now one of the five...

Stocks Up on Fed's Rate Cut

Oct 31, 2007 3:46 PM CDT

Stocks Up on Fed's Rate Cut

Exxon and Microsoft also lift the markets

(Newser) - Stocks rose today on the heels of the Fed's quarter-point cut of a key interest rate and good news about the GDP. "The Fed may be done here," a Boston strategist told Bloomberg. "We don't need them anymore, and the market is taking consolation in that."...

Fed Doubts Drive Stocks Down

Oct 30, 2007 3:51 PM CDT

Fed Doubts Drive Stocks Down

Consumer confidence report, Procter & Gamble forecasts are drags on markets

(Newser) - Stocks closed down today as confidence that the Fed will cut interest rates tomorrow faded. The Journal reported that policymakers are considering no cut at all, meaning borrowing costs may stay high. The Dow slipped 77.79 to 13,792.47, the S&P 500 was down 9.96 to...

Exxon Gives Markets a Boost

Oct 29, 2007 3:47 PM CDT

Exxon Gives Markets a Boost

Hopes for Fed rate cut, O'Neal ouster buoy stocks

(Newser) - Stocks rose again today as Exxon Mobil rode record crude prices to its greatest gains in 3 weeks, Bloomberg reports. The Dow was up 63.56 to 13,870.26, the Nasdaq 13.25 to 2,817.44, and the S&P 500 5.70 to 1,540.98. Continuing...

Oil Prices Send Stocks Spilling

Oct 25, 2007 3:40 PM CDT

Oil Prices Send Stocks Spilling

Crude rose to $90.50 a barrel

(Newser) - Stocks headed downward again today, spurred by oil prices making a return to record territory. The price of crude hit $90.50 a barrel as traders reacted to yesterday's data predicting limited availability. "Oil is up—that doesn't help. And financials are getting hit," says one trader. The...

Stocks Recoup After Nasty Dive

Oct 24, 2007 3:46 PM CDT

Stocks Recoup After Nasty Dive

Merrill Lynch quarterly loss report wallops the market

(Newser) - Stocks did their best to battle back today after taking a hit from Merrill Lynch's dismal quarterly report, Bloomberg reports. Most of the losses were made up by the bell thanks to growing hopes of an October 31 rate cut from the Fed. The Nasdaq fell 24.5 to 2,...

Apple Numbers Lift Markets

Oct 23, 2007 3:38 PM CDT

Apple Numbers Lift Markets

Earnings punch through the crunch

(Newser) - Stocks closed up today, thanks partially to good news from Apple, which reported a 67% increase in quarterly profit after yesterday's close. Tech in general continued to bolster the markets despite broader economic worries. The Dow rose 109.26 to 13,676.23, the Nasdaq was up 45.33 to...

Dow Dives 367 on 'Black Friday'

Oct 19, 2007 3:49 PM CDT

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&...

Yahoo's Earnings
Top Expectations

Oct 17, 2007 6:01 AM CDT

Yahoo's Earnings Top Expectations

May indicate new CEO has stopped company's slide

(Newser) - Yahoo reported better-than-expected sales and profits for the third quarter yesterday, pushing its stock up 10% in after-hours trading—despite having fallen 4% during regular market hours. The company pulled in a net income of $151 million, or 11 cents a share, slightly behind earnings for this time last year,...

Can 1987's
Black Monday Happen Again?

Oct 16, 2007 7:49 PM CDT

Can 1987's Black Monday Happen Again?

Not likely, but credit crunch proves we can invent new screw-ups

(Newser) - Twenty years ago, Black Monday—now, the credit crunch. Haven’t we learned a thing? Yes and no, says MSNBC: Today, "circuit breakers" make a 1987-style sell-off unlikely by cutting off trading at certain limits. And new, tighter mortgage standards will keep credit under control. But greed and fear...