S&P 500

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Stocks Plummet on Downgrade
 Dow Dives Below 
 11K on Downgrade 
Updated

Dow Dives Below 11K on Downgrade

Dow loses 135 points at open, now down more than 500

(Newser) - Investors reacted to the S&P's US credit rating downgrade and Europe's debt woes today exactly the way you'd expect: They panicked. Stocks started low, and have sunk ever deeper throughout the day. As of 2:26pm EST, the Dow was down a whopping 600 points, taking...

Standard &amp; Poor&#39;s Made the Right Decision
Standard & Poor's
Made the Right Decision
OPINION

Standard & Poor's Made the Right Decision

S&P may be flawed, but that doesn't make it wrong on this one: Klein, Gandel

(Newser) - Standard & Poor's is taking a lot of criticism today of the how-can-these-geniuses-lecture-us variety. Kind of like this . All of it is warranted, writes Ezra Klein at the Washington Post . After all, the folks at S&P "didn’t just miss the bubble," he writes. "They...

Clueless S&amp;P Has No Right to Pass Judgment
Clueless S&P Has No Right
to Pass Judgment
Paul Krugman

Clueless S&P Has No Right to Pass Judgment

Krugman: Mortgage mess shows ratings agencies aren't qualified

(Newser) - Paul Krugman blames the "extremism of anti-tax Republicans" for pushing the nation into this credit rating mess , but he finds it a little hard to see Standard & Poor's as the wise elders in the room. "It’s hard to think of anyone less qualified to pass...

Dow Rises 61 After Seesaw Day

S&P 500 and Nasdaq decline

(Newser) - This would fall under the category of "volatile" trading day: The Dow rose 61 points to close at 11,445 after a series of wild fluctuations. This morning's better-than-expected jobs report led to an early surge—the Dow rose 170 points shortly after the opening bell, but the...

Dow Plunges 280+ Points
 Dow Plummets 513 

Dow Plummets 513

All major indexes are in negative territory for the year

(Newser) - The only good thing to say about today's stock market is that it's finally over. The Dow fell a staggering 513 points, or 4.3%, to close at 11,384. It's the worst point drop since December 2008 and the worst percentage drop since February 2009, reports...

Stocks Keep Plunging
 Stocks Keep Plunging 
MARKETS

Stocks Keep Plunging

Dow down 100 at midday

(Newser) - Stocks kept on sliding this morning, after a better-than-expected labor report failed to reassure investors. Private employers added 114,000 jobs in July according to ADP, yet as of 11:18, the Dow was down 102 points, according to MarketWatch, with the S&P down 7.46 points and the...

Dow Plummets 266, Back Under 12K

Debt deal provides no bounce

(Newser) - Just imagine if they hadn't gotten a deal at the last minute: The stock market had a brutal day, despite today's final passage of the bill to avert a default, reports MarketWatch . The Dow fell 266 to 11,867 (2.2%); Nasdaq fell 75 to 2,669 (2....

Dow Rises 202: Best Day of 2011

Earnings reports and Obama's praise of debt plan raise hopes

(Newser) - Strong profits and a bipartisan plan to lift the US debt limit drove a stock market rebound today. Stock indexes rose after Coca-Cola, IBM, and other companies reported rising second-quarter earnings. The three major indexes added to their gains after President Obama praised a proposal by six senators that would...

Dow Tumbles 172, Closes Below 12K

It's the worst weekly losing stretch since 2002

(Newser) - The Dow Jones industrial average closed below 12,000 today, the first time it has dropped below that mark since March. Fears that the global economic recovery has stalled also weighed on other indexes. The market registered its sixth straight weekly loss, the longest weekly losing streak since the fall...

Dow Plunges 280, Erases Quarter of Year's Gains

Two bleak reports raise fears about recovery

(Newser) - Fears that the US economy is stalling sent the Dow Jones industrial average down 280 points, erasing more than a quarter of the stock market's gains for the year. A pair of reports raised new doubts about the economy's strength: A key manufacturing index fell from its April...

CEO Salaries Climb Above Pre-Recession Levels

Average S&P company doling out $9M

(Newser) - Did you know there was some kind of recession recently? You wouldn't, if you looked at CEO paychecks. CEOs were paid more last year than they were in 2007, when unemployment was at half what it is now and the stock market was at record highs, the AP reports....

Stocks Up, Oil Down on bin Laden News

Dow up 50

(Newser) - News of Osama bin Laden’s death cheered markets today, with the Dow gaining 50 points, and the S&P and Nasdaq rising 4 points and 8.5 points, respectively, Politico reports. Oil futures meanwhile, fell 2%, and the dollar rose. The gains followed similar increases in Japan and South...

S&P Drops US Credit Outlook to 'Negative'

They say there's 'material risk' that politicians won't fix fiscal problemsr

(Newser) - Standard & Poor’s reaffirmed America’s AAA credit rating today, but dropped its outlook to “negative,” saying there was “material risk” that US policy makers wouldn’t figure out how to handle the nation’s fiscal woes by 2013. “If an agreement is not reached...

Dow Plunges 242 on Japan Anxiety
 Dow Plunges 242 
 on Japan Anxiety 
MARKETWATCH

Dow Plunges 242 on Japan Anxiety

Street worries about nuclear catastrophe

(Newser) - Fears that a nuclear reactor in Japan may be in the midst of a partial meltdown is shaking financial markets. Stock indexes lost 2% and gave up nearly all of their gains for the year today. All 10 company groups that make up the Standard & Poor's 500 index fell....

Dow Drops 228, Sinks Below 12,000
 Dow Drops 228, 
 Sinks Below 12,000 
MARKETWATCH

Dow Drops 228, Sinks Below 12,000

Worries over global economy kneecap Dow

(Newser) - Weak economic news from China, the US, and Spain combined with a slump in oil companies sent stocks sharply lower. The Dow Jones industrial average had its biggest one-day drop since August. It fell 228 points, or 1.9%, to close at 11,984, while the S&P 500 index...

Dow Up 8, Ends Year at Highest Mark Since '08
Dow Up 8, Ends Year
at Highest Mark Since '08
MARKETWATCH

Dow Up 8, Ends Year at Highest Mark Since '08

Almost half of stocks' 2010 gains were made this month

(Newser) - Stocks have ended a rocky 2010 quietly. The major indexes were little changed and trading volume was at one of its lowest levels of the year as many traders took the day off. Despite investors' concerns about the US and world economy, the S&P 500 and the Dow both...

Dow Cracks 11K for First Time Since May

Investors think Fed will move to prop up economy

(Newser) - Stocks are rising after another weak report on unemployment added to expectations that the Federal Reserve will step in to prop up the US economy. The Dow Jones industrial average climbed above 11,000 this morning for the first time since early May. At midday, the Dow was up 53,...

Dow Plunges on Fears Over Europe, Korea

May close below 10,000

(Newser) - The Dow opened below 10,000 today—a mark it hasn't closed below since February—as investors panicked over the conflict between North and South Korea and instability in European banks. The Dow fell 238 points, while the S&P and Nasdaq dropped 23 and 53 points respectively, according to...

Stock Exchanges to Get 'Circuit Breakers'

SEC rules hope to prevent crazy plunges

(Newser) - US stock exchanges would briefly halt trading of some stocks that have big prices swings under new trading rules aimed at avoiding market plunges and proposed today by federal regulators. The rules would take effect in mid-June under a 6-month pilot program agreed to by major US exchanges and the...

Dow Drops 348 in Volatile Day
 Dow Drops 348 
 in Volatile Day 
MARKETS

Dow Drops 348 in Volatile Day

Market was down nearly 1,000 points in afternoon

(Newser) - Wall Street was in full panic mode today, as a drastic sell-off saw the Dow off nearly 1,000 points just one hour before the close, MarketWatch reports. A quick rebound followed, however, to less severe numbers. The Dow finished down 348 points at 10,520; Nasdaq fell 83 points...

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