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McDonalds Supersizes Indexes
McDonalds Supersizes Indexes
Sep 11, 2007 4:33 PM CDT

McDonalds Supersizes Indexes

Blue-chip stocks drive rally, as investors look for safe names

(Newser) - It was a Big Mac Attack on Wall Street today, as the fast food giant’s strong August numbers gave investors hope in consumer spending, leading a rally that left all major indexes up over 1%. GM was also a winner, rising 4% on positive labor news. Analysts say investors...

After Wild Day, Stocks Stand Still
After Wild Day, Stocks Stand Still
Sep 10, 2007 4:35 PM CDT

After Wild Day, Stocks Stand Still

Dow is up, Nasdaq and S&P are down, all eyes are on the Fed

(Newser) - Wall Street was volatile today, with the Dow swinging in a 160-point range as investors combed speeches from Federal Reserve members for rate-cut clues. But the index ended up rising only 14.47 points, to 13,127.85, while the S&P and Nasdaq fell 1.85 and 6.59...

Stocks Plummet in Worldwide Selloff

After 3 days of good news, markets fall again

(Newser) - After 3 days of good news, stocks took a plunge today. “There’s a whole litany of negative news,” said one analyst. “Bodies keep washing ashore" from the subprime crisis. The Dow lost 143.39 to close at 13,305.47, with the S&P 500 down...

Energy, Techs Give Stocks a Jolt
Energy, Techs Give Stocks a Jolt
Sep 4, 2007 4:25 PM CDT

Energy, Techs Give Stocks a Jolt

Traders still confident that Bernanke will cut rates; GM leads upward trend

(Newser) - Tech and energy stocks led a rally at the end of today's session on Wall Street, as rumors of an interest-rate cut multiplied and traders examined indications that earnings would outpace prices in the two sectors. GM was up 6.1% as the Dow jumped 91.12 to 13448.86,...

Techs Lead Mega Stock Rally
Techs Lead Mega Stock Rally
Aug 29, 2007 4:14 PM CDT

Techs Lead Mega Stock Rally

(Newser) - The Nasdaq added 2.5% of its value, or 62.52 points, to close at 2563.16, its biggest gain of the year. Techs were up across the board, after hard-disk manufacturer Seagate announced better-than-expected profits and outlook, and Apple hinted at a new line of iPods. Nokia and Intel...

Stocks Plummet on Rate Worries
Stocks Plummet on Rate Worries
Aug 28, 2007 4:05 PM CDT

Stocks Plummet on Rate Worries

Fed minutes fail to confirm future rate cuts

(Newser) - US stocks tumbled for the second day in a row after Fed minutes drained widespread hope of a rate cut next month, exacerbating slumps in consumer confidence and home values. The Dow dropped 185 to close at 13,135.5, the S&P was off 24.6 at 1,442....

Consumer Confidence Plunges
Consumer Confidence Plunges
Aug 28, 2007 2:35 PM CDT

Consumer Confidence Plunges

Vital index hits level not seen since post-Katrina unrest

(Newser) - Consumer confidence dived in August to its lowest level since right after Hurricane Katrina in 2005. Though not as steep as expected, the drop reflects the squeeze stock market uncertainty and lower home values are putting on Americans' wallets and peace of mind, Bloomberg reports. "The things that are...

Stocks Fall on Financial Pessimism
Stocks Fall on Financial Pessimism
Aug 27, 2007 4:48 PM CDT

Stocks Fall on Financial Pessimism

Slashed Countrywide estimates, housing figures lead to slump

(Newser) - US stocks fell today on a disappointing home-sales report and lowered projections for Countrywide, the nation’s top home lender, with Lehman Brothers citing “extraordinary weakness” in mortgage loans. The Dow closed at 13,322.13, down 56.74, near the session low. The S&P 500 fell 12....

Stocks Climb Following Surprising Home Sales Numbers

Markets, optimism surge as turmoil eases

(Newser) - The Dow closed at 13,378.87 today, up 142.99 on strong durable goods orders and a better-than-expected home sales forecast. The S&P 500 jumped 16.87 to 1,479.37, and the Nasdaq rose 34.99 to 2,576.69. Nucor Corp., the second-largest American steel manufacturer,...

Stocks Stall Amid Continued Anxiety
Stocks Stall Amid Continued Anxiety
Aug 23, 2007 4:33 PM CDT

Stocks Stall Amid Continued Anxiety

Traders watch, wait as Fed weighs interest rate cut

(Newser) - The Dow dipped a quarter-point to close at 13,235.88 today as investors continue to fret over the possibility of a Fed interest rate cut. The S&P 500 dropped 1.57 to 1,462.5, and the Nasdaq fell 11.10 to 2,541.70. Home Depot led...

Consumer Comfort Crumbles
Consumer Comfort Crumbles
Aug 22, 2007 1:50 AM CDT

Consumer Comfort Crumbles

Biggest 1-week drop in history sinks levels near post-Katrina lows

(Newser) - Unrest in the financial markets and housing sector has consumers on edge, a new survey says. The Washington Post/ABC News "consumer comfort index" nosedived this week, displaying the biggest 1-week plunge in the poll's 22-year history, the newspaper reports. The current reading nearly matches the lows reached after Katrina...

Jittery Market Stays Put; Oil Slides Below $70

(Newser) - Major indexes hovered cautiously around their starting points, as a Washington meeting between Ben Bernanke, Chris Dodd and Hank Paulson allayed traders' concerns that an academic Fed is callous to Wall Street's ongoing credit crunch. Winners outnumbered losers 3 to 2, but the Dow was off 30.49 to close...

Nasdaq Gives Up Bid to Control London Exchange

Will sell 31% stake

(Newser) - Nasdaq is giving up its bid to buy control of the London Stock Exchange and will sell its $1.58 billion stake in the blue-chip listing venue, reports the Wall Street Journal. Owning almost a third of the shares in the London exchange gave Nasdaq little control over operations, and...

5 Signs That Augur the Fall of the Bull

A look at reliable indicators that the bear market is ascendant

(Newser) - After reaching a high in mid-July, the Dow has taken a sharp downturn. But how do you know when the bloom is off the rose? Here are Money magazine's five signs that usually precede a fall:
  1. Sudden surge in oil prices
  2. Treasury yields run up

Markets Jump on Fed Move
Markets Jump on Fed Move
Aug 17, 2007 10:04 AM CDT

Markets Jump on Fed Move

(Newser) - Stocks rallied in early trading today after the Federal Reserve shaved a half-point off of one of its key interest rates, the Wall Street Journal reports. The Dow initially shot up more than 300 points; after settling some, it was up 150.46 by midmorning. European stocks were buoyed as...

Stocks Seesaw as Credit Crisis Deepens

Dow down over 300 points before rallying on rate-cut rumors

(Newser) - The Dow closed down 15.69 at 12845.78 today, after plummeting 343 points in early morning trading on fears the credit debacle was spilling into the larger market. Investors continued to fret about the rising yen and nervous foreign markets, but rumors that the Fed would cut interest rates...

Market Opens Sharply Down
Market Opens Sharply Down
Aug 16, 2007 10:18 AM CDT

Market Opens Sharply Down

(Newser) - US stocks dipped this morning, following steep declines in Europe and Asia as distress over the expanding credit crisis heightened. The Dow Jones sank over 100 points this morning, and the S&P was off nearly 0.8% after erasing its entire year's gains yesterday. "Everyone is waiting for...

Loan Giant Downgraded to 'Sell,' Faces Bankruptcy

Top US mortgage lender caught in the squeeze

(Newser) - Loan giant Countrywide saw its shares plummet 13% yesterday after the company experienced trouble borrowing money in the market for short-term debt. A Merrill Lynch analyst downgraded the stock from "buy" to "sell," sparking talk of possible bankruptcy, reports the LA Times. Before today's open, the company...

European Markets Dive
European Markets Dive
Aug 16, 2007 7:22 AM CDT

European Markets Dive

FTSE 100 Index falls lower than 6,000

(Newser) - European markets took a dive this morning—after the Dow's plunge yesterday and the overnight collapse of Asian stocks. London's FTSE 100 index has fallen below 6,000, its lowest level since last October. London weathered the storm yesterday, but had nowhere to run today, the Guardian reported, as the...

'Blood Hits Streets' as Asian Markets Plunge

Continuing credit woes trigger steepest dive in six years

(Newser) - Asian stock markets continued to slide today, pounded by fears of a global credit squeeze, recording their most precipitous drop in five years, Reuters reports. South Korea's Kospi index skidded 6.9 percent as major corporations and financial institutions took horrific beatings. Australia's Rams Home Loans Group revealed it can't...

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