NASDAQ

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Stocks Down on Job Data
 Stocks Down on Job Data 
MARKET Open

Stocks Down on Job Data

(Newser) - Stocks headed lower at the open today, ahead of much-anticipated testimony from Ben Bernanke, the Wall Street Journal reports. The Dow fell 40 points, while the Nasdaq and S&P fell 13 and 8 points respectively. The US lost 532,000 private sector jobs in May, according to an ADP...

Dow Adds 19 on Housing News
 Dow Adds 19 on Housing News 
MARKETS

Dow Adds 19 on Housing News

(Newser) - Good news from the housing sector outweighed bank troubles today for Wall Street, the Journal reports. Manufacturer Alcoa tacked on 6%, and a housing-industry group said sales in April made the biggest jump in 8 years. Financials fell after more banks announced plans to pay back TARP loans through stock...

Stocks Flat After Big Rally
 Stocks Flat After Big Rally 
MARKET Open

Stocks Flat After Big Rally

(Newser) - Stocks were essentially flat at today's open on the heels of yesterday’s huge rally. The Dow inched down 15 points, while the Nasdaq and S&P fell 0.5% and 0.3%, respectively. Commodity prices were backing off, though oil still hovered around $68 a barrel. Financials were mixed,...

Dow Jumps 221 on GM Filing
 Dow Jumps 221 on GM Filing 
MARKETS

Dow Jumps 221 on GM Filing

(Newser) - Stocks surged today on positive data about personal income, manufacturing, and the long-awaited announcement of General Motors’ bankruptcy. “There is a positive, relief reaction to this filing,” one analyst told the Wall Street Journal. “It’s been hanging over all of our heads.” Energy and construction...

Stocks Up Despite GM Filing
 Stocks Up Despite GM Filing 
MARKET Open

Stocks Up Despite GM Filing

(Newser) - Stocks shot higher at the open this morning, as rising oil prices and strong manufacturing data from China outweighed news of GM's bankruptcy. The Dow rose 102 points; as of next Monday, the index will no longer include GM and Citigroup. The Nasdaq and S&P were each up 1....

Oil, Transport Send Dow Up 97
 Oil, Transport Send Dow Up 97 
MARKETS

Oil, Transport Send Dow Up 97

(Newser) - Markets tacked on solid gains today, with the Dow and S&P 500 up for a third consecutive month, the Wall Street Journal reports. Oil was up to a 6-month-high, as were transport stocks on hopes of orders. “There are signs things are being transported,” a manager said....

Stocks Look to End Month Up
 Stocks Look to End Month Up 
MARKET Open

Stocks Look to End Month Up

(Newser) - Stocks were modestly higher at the open, as stocks looked to close out the best three-month run they’ve had since 2007. The Dow rose 39 points, while the Nasdaq and S&P were each up 0.5%, reports the Wall Street Journal. For the month, the Dow is up...

Dow Flips on T-Notes, Adds 104
 Dow Flips on T-Notes, Adds 104 
MARKETS

Dow Flips on T-Notes, Adds 104

(Newser) - A well-received auction of Treasury notes and a jump in the price of crude oil pushed markets up today, the Wall Street Journal reports. “There was some real fear coming into this,” a strategist said of yesterday’s worries about government debt. “Clear-cut case of sell on...

Stocks Up on Jobs, Durables
 Stocks Up on Jobs, Durables 
MARKET open

Stocks Up on Jobs, Durables

(Newser) - Stocks headed higher at the open today, after a pair of promising economic reports. The Dow added 75 points, while the Nasdaq and S&P rose 1.1% and 1% respectively. Durable goods orders rose 1.9% last month, and new jobless claims fell 13,000 last week; both numbers...

T-Note Surge Puts Dow Off 173
 T-Note Surge Puts Dow Off 173 
MARKETS

T-Note Surge Puts Dow Off 173

(Newser) - A Treasury note bump and continued skittishness about the US economy sent stocks down today, the Wall Street Journal reports. “Yesterday, everyone was happy about the consumer,” one strategist said. “Now people are wondering about the flip side: What happens if consumption gets out of hand?” The...

Dow Up 196 on Confidence Data
 Dow Up 196 on Confidence Data 
MARKETS

Dow Up 196 on Confidence Data

(Newser) - A positive report on consumer confidence gave stocks a boost today, despite poor numbers from the housing sector, the Wall Street Journal reports; financials and construction-related stocks jumped as much as 5%. Home prices, however, were down 19.1% from the first quarter of 2008. The Dow gained 196.17...

Stocks Down on Housing Data
 Stocks Down on 
 Housing Data 
MARKET Open

Stocks Down on Housing Data

(Newser) - A bad Case-Shiller number helped push stocks lower at the open, with the Dow down 37 points, and the Nasdaq and S&P down 0.4% and 0.5% respectively. Home prices fell more than 10% year-over-year in 15 of the 20 major metropolitan areas monitored by the Case-Shiller index,...

Dow Off 15 Despite Retail News
 Dow Off 15 Despite Retail News 
MARKETS

Dow Off 15 Despite Retail News

(Newser) - A strong retail sector and defensive buying ahead of the holiday weekend couldn’t correct a general malaise that left markets down slightly today, the Wall Street Journal reports. Sears was up 12% on a Q1 profit. Little movement in financials was welcome to some who believe the sector is...

Stocks Flat Ahead of Holiday
 Stocks Flat Ahead of Holiday 
MARKET open

Stocks Flat Ahead of Holiday

(Newser) - Stocks got a small bounce at the open after yesterday’s 130-point selloff, the Wall Street Journal reports. The major indexes gave back minor gains this morning, to trade mostly flat. Volume is expected to be low and volatility high ahead of the three-day Memorial Day weekend. AIG was down...

Dow Worries Its Way Down 130
 Dow Worries Its Way Down 130 
MARKETS

Dow Worries Its Way Down 130

(Newser) - Markets were off today on news that credit raters might downgrade England and other countries, the Wall Street Journal reports. Though oil remained stable, the stocks of construction-related firms like Home Depot, Caterpillar, and Alcoa plunged; the price of gold surged. The Dow was off 129.91 to 8,292....

Stocks Plummet on UK's Credit Woes
 Stocks Plummet on 
 UK's Credit Woes 
MARKET open

Stocks Plummet on UK's Credit Woes

(Newser) - Stocks plummeted at today’s open after Standard & Poor’s warned it might downgrade the UK’s credit rating, the Wall Street Journal reports. The Dow tumbled 126 points, while the Nasdaq and S&P each fell more than 1%. Investors now fear other major economies, including the US,...

Fed's Fears Push Dow Off 53
 Fed's Fears Push Dow Off 53 
MARKETS

Fed's Fears Push Dow Off 53

(Newser) - Markets fell today after the Federal Reserve warned of a more prolonged recession than it previously expected, the Wall Street Journal reports. Financials and tech contributed to the plunge, which even a 6-month high in oil prices could not stop. “We’re just dealing with a stock market that...

Stocks, Oil Head Higher
 Stocks, Oil Head Higher 
MARKET Open

Stocks, Oil Head Higher

(Newser) - Stocks headed higher at today's open as rallying commodity prices gave traders hope about the economy. The Dow rose 65 points, while the Nasdaq rose 0.8% and the S&P 1%. Oil prices topped $60 a barrel, sending Exxon and Chevron slightly higher. Bank of America, meanwhile, rose 6%...

Housing Data Put Dow Off 29
 Housing Data Put Dow Off 29 
MARKETS

Housing Data Put Dow Off 29

(Newser) - Yesterday’s housing-fueled rally didn’t carry over into today’s session, the Wall Street Journal reports, in part because of poor indicators from that same industry. April saw a 12.8% reduction in buildings starting construction; Home Depot dropped 5%. Still, a metric of investor anxiety today fell to...

Housing Data Flatten Stocks
 Housing Data Flatten Stocks 
MARKET Open

Housing Data Flatten Stocks

(Newser) - Stocks were flat at the open today, after a disappointing housing starts report. The Dow and Nasdaq inched down 11 and 4 points respectively, while the S&P was essentially flat. Futures had pointed to a higher open, until the Commerce Department announced a greater-than-expected 12.8% dip in housing...

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