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Global Selloff Rocks Dow
 Global Selloff 
 Rocks Dow 
MARKET open

Global Selloff Rocks Dow

(Newser) - The Dow tumbled 175 points at the open today, following even bigger selloffs in overseas markets, the Wall Street Journal reports. The S&P and Nasdaq each fell 2.2%. Those drops followed a whopping 5.8% dive on China’s Shanghai Composite Index, a 3.1% drop for Japan’...

Dow Off 77 on Consumer Data
 Dow Off 77 on Consumer Data 
MARKETS

Dow Off 77 on Consumer Data

(Newser) - Stocks dipped today on worse-than-expected information about consumer sentiment, the Wall Street Journal reports. A Reuters index dropped 3 points instead of the anticipated 2-point rise. A downward spiral has been evident since the Fed announced it would not raise interest rates Wednesday. “A day like today has been...

Retail Sales Curb Rally; Dow Climbs 37
 Retail Sales Curb Rally; 
 Dow Climbs 37 
MARKETS

Retail Sales Curb Rally; Dow Climbs 37

July retail sales negative despite 'Cash for Clunkers'

(Newser) - A drop in retail sales reported today cooled off yesterday’s post-Fed-meeting rally, the Wall Street Journal reports. Stocks ended with modest gains as the Commerce Department reported a 0.1% drop in July retail sales despite increased car sales under the “Cash for Clunkers” program. The Dow rose...

Fed Spurs Rally; Dow Up 120
 Fed Spurs Rally; Dow Up 120 
MARKETS

Fed Spurs Rally; Dow Up 120

Homebuilders gain as Toll Brothers reports strong profit

(Newser) - Stocks surged to gains before and after the Fed’s relatively positive report on the economy, the Wall Street Journal reports. Most investors took the Fed’s decision to end its buying of long-term Treasurys as a sign that the economy is returning to normal. Financials led gains, along with...

Dow Off 97 Ahead of Fed News
 Dow Off 97 Ahead of Fed News 
MARKETS

Dow Off 97 Ahead of Fed News

S&P falls back below 1,000

(Newser) - Stocks fell today as investors took profits after the recent rally, the Wall Street Journal reports. Traders characterized the market as “on pause” ahead of a Fed statement on interest rates due tomorrow. Bank of America and GE led the Dow lower with 4.4% and 3.6% declines,...

Rally Loses Steam; Dow Off 32
 Rally Loses Steam; Dow Off 32 
MARKETS

Rally Loses Steam; Dow Off 32

Freddie Mac sees shares rise 122% on earnings

(Newser) - Stocks wavered on the heels of last week’s rally, closing slightly lower as investors wait for comments from the Fed, the Wall Street Journal reports. Federal Reserve policy makers will conclude a 2-day meeting on Wednesday and perhaps issue a new assessment of the economic recovery. Despite a broad...

Jobs Lift Stocks; Dow Up 114
 Jobs Lift Stocks; Dow Up 114 
MARKETS

Jobs Lift Stocks; Dow Up 114

Unemployment report fuels rally

(Newser) - Good news about the labor market fueled a rally in stocks today, the Wall Street Journal reports. Slowing declines in payrolls and a 0.1% drop in unemployment—both figures beat expectations—elevated investor sentiment. AIG jumped 22.2% after reporting a $1.8 billion quarterly profit. The Dow gained...

Dow Off 25 Ahead of July Jobs
 Dow Off 25 Ahead of July Jobs 
MARKETS

Dow Off 25 Ahead of July Jobs

Monthly unemployment report will show recovery's progress

(Newser) - Stocks closed lower today ahead of a July unemployment report due tomorrow, the Wall Street Journal reports. Procter & Gamble weighed on the Dow with a 4.7% decline, over doubts about its sales strategy. The Dow fell 25 points to close at 9,256. The Nasdaq lost 20 points,...

Dow Ends 4-Day Run, Dips 39
 Dow Ends 4-Day Run, Dips 39 
MARKETS

Dow Ends 4-Day Run, Dips 39

Financials rally against broader slump

(Newser) - Stocks fell today on dour data, though some financial firms rallied against the broader slump, the Wall Street Journal reports. The private sector lost 371,000 jobs in July, and the Institute for Supply Management’s index of non-manufacturing activity fell to 46.4 from 47.0 in June. Nonetheless,...

Dow Cools, Still Rises 34
 Dow Cools, Still Rises 34
MARKETS

Dow Cools, Still Rises 34

(Newser) - Yesterday’s rally segued into a regular day today as markets remained mostly flat on mixed economic data, the Wall Street Journal reports. Home sales were up, but incomes down, and an expected report on rising US oil reserves hurt energy stocks. “It's a day of consolidation after we've...

Dow Up 115 on Manufacturing
 Dow Up 115 on Manufacturing 
MARKETS

Dow Up 115 on Manufacturing

Oil hits $71.2 a barrel, highest price in a month

(Newser) - Stocks rallied today on signs of a turnaround for US manufacturing, the Wall Street Journal reports. Oil rose $2.13, to $71.27 per barrel, its highest price in a month, and banks HSBC and Barclays reported strong quarterly earnings. The Dow closed up 114.95 to settle at 9,...

Dow Up 17 to End Best Month Since '02
 Dow Up 17 to End 
 Best Month Since '02 
MARKETS

Dow Up 17 to End Best Month Since '02

Nasdaq falls in today's session, but enjoys big monthly gains

(Newser) - Data which showed a slowing pace of decline for US gross domestic products fueled modest advances in the markets today, with the Dow finishing its best month since October 2002, the Wall Street Journal reports. Bank of America and Alcoa paced advancers, and the Dow closed up 17.15 at...

Dow Climbs 84, Hits '09 High
 Dow Climbs 84, Hits '09 High 
MARKETS

Dow Climbs 84, Hits '09 High

(Newser) - Good earnings reports and stellar performance by General Electric had markets at 2009 highs for a time today, the Wall Street Journal reports. “We have gotten so close to the S&P 1,000 level, you just sort of sense that unless there’s a horrible GDP number tomorrow,...

Dow Slips 26 as Oil Prices Fall
 Dow Slips 26 as Oil Prices Fall 
MARKETS

Dow Slips 26 as Oil Prices Fall

(Newser) - Markets were off today on plunges in the energy and manufacturing sectors brought on by falling oil prices, the Wall Street Journal reports. A poorly received auction of T-notes also did little to inspire confidence. The world’s largest steelmaker, ArcelorMittal, slipped 7% on a larger than expected loss, and...

Dow Retreats 12 on Weak Data
 Dow Retreats 12 on Weak Data 
MARKETS

Dow Retreats 12 on Weak Data

Consumer confidence falls from last month

(Newser) - Stocks closed slightly lower today as falling crude prices and shares of energy firms weighed on the broader market, the Wall Street Journal reports. Exxon and Chevron both fell around 1% off a decline of $1.15 in crude oil prices, which stand at $67.32 a barrel. A new...

Rally Pauses; Dow Adds 15
 Rally Pauses; Dow Adds 15 
MARKETS

Rally Pauses; Dow Adds 15

Verizon earnings disappoint, but Commerce reports jump in June home sales

(Newser) - Stocks fluctuated today after two weeks of solid gains, the Wall Street Journal reports. Data from the Commerce Department showing an 11% rise in sales of single-family homes in June boosted homebuilders. Verizon fell 2% after posting a 7% decline in earnings. The Dow ended up 15.27 at 9,...

Tech Snaps Nadaq's Streak; Dow Climbs 24

Amazon, Microsoft fall after weak earnings

(Newser) - The tech sector exerted downward pressure on stocks today, snapping the Nasdaq’s 12-day winning streak, the Wall Street Journal reports. Microsoft sank 8.9% after reporting a 29% drop in quarterly earnings, while Amazon fell 8.3% after also reporting a disappointing quarter. Alcoa, Pfizer, and Merck helped the...

Dow Finishes Up 188, Above 9K
 Dow Finishes Up 188, Above 9K 
MARKETS

Dow Finishes Up 188, Above 9K

Nasdaq caps 12-day streak

(Newser) - Sustained increases in home sales and robust earnings fueled a broad-based rally today, pushing the Dow above 9,000 for the first time since January and marking a 12-day winning streak for the Nasdaq—the first in more than a decade, the Wall Street Journal reports. AT&T and 3M...

Dow Falls 35 on Energy Fears
 Dow Falls 35 on Energy Fears 
MARKETS

Dow Falls 35 on Energy Fears

(Newser) - Markets were off today as falling oil prices put the press on the energy sector and Wall Street took a stern look at the recent rally, the Wall Street Journal reports. Though tech stocks surged, bringing NASDAQ up, oil prices were off and health care concerns tumbled. The financial sector...

Tech Falls, But Dow Up 68
 Tech Falls, But Dow Up 68 

Tech Falls, But Dow Up 68

Market extends winning streak into 7th day

(Newser) - Stocks closed with modest gains today as the tech and financial sectors, drivers of the recent rally, lost some steam, the Wall Street Journal reports. Nonetheless, the Dow was boosted by a 7.7% rise by Caterpillar, which reported a smaller-than-expected profit decline and raised its full-year earnings forecast. Apple...

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