NASDAQ

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Stocks Inch Higher as Reports Loom
 Stocks Inch Higher 
 as Reports Loom 
MARKET Open

Stocks Inch Higher as Reports Loom

(Newser) - Stocks were modestly higher at the open, with the Dow up 58 points, and the Nasdaq and S&P each up 0.6%. But traders were focused on upcoming reports, including the results of the stress tests and Friday’s all-important payrolls report. Airline stocks got a boost, with Delta...

May Starts Slowly; Dow Up 41
 May Starts Slowly; Dow Up 41 
MARKETS

May Starts Slowly; Dow Up 41

April employment report is next key metric for investors

(Newser) - Stocks closed moderately higher today after a seesaw session with light trading volume, the Wall Street Journal reports. After a strong April, investors are trying to predict how a recovery—or the lack of one—will play out, and are anticipating ADP’s April employment report, due next week. Manufacturing...

Stocks Flat After Strong April
 Stocks Flat After Strong April 
MARKET Open

Stocks Flat After Strong April

(Newser) - Stocks began the month without much fanfare this morning, with the major indexes little changed in early trading, the Wall Street Journal reports. Earnings were generally negative, with MasterCard down 5% after profit fell 18%, and Hartford Financial Services plunging 14% after reporting a $1.21 billion loss. Last month...

Dow Has Best 2-Month Showing Since 2002
 Dow Has Best 2-Month 
 Showing Since 2002 
MARKETS

Dow Has Best 2-Month Showing Since 2002

Mixed last day can't beat strong month

(Newser) - The markets were mixed today but wrapped up a strong month. The Dow, which fell 17.61 points to close at 8168.12, rose 7.4% in April, the Wall Street Journal reports. The Dow has risen 15.65% in two months—its best two-month showing since 2002 and the...

Earnings Send Stocks Higher
 Earnings Send Stocks Higher 
MARKET Open

Earnings Send Stocks Higher

(Newser) - Stocks surged at the open, as better-than-expected earnings buoyed hopes that the economy is ready for a comeback, the Wall Street Journal reports. The Dow was up 71 points, while the S&P and Nasdaq rose 8 and 20 points, respectively. Earnings reports have been surprisingly good this quarter; about...

Dow Surges 168 on Fed Hopes
 Dow Surges 168 on Fed Hopes 
MARKETS

Dow Surges 168 on Fed Hopes

Consumer spending bump supports solid gains

(Newser) - Stocks gained today but ended off session highs after good news from a key Federal Reserve body, the Wall Street Journal reports. The Open Market Committee said it saw evidence the economy is stabilizing, and the Fed said it may increase purchases of Treasury securities to lower borrowing costs. The...

Stocks Up, Despite GDP Plunge
 Stocks Up, Despite GDP Plunge
Market Open

Stocks Up, Despite GDP Plunge

(Newser) - Stocks headed higher at the open today, despite a grisly first quarter GDP report. The Dow rose 61 points, while the S&P and Nasdaq rose 0.9% and 0.8%, respectively, buoyed in part by a surprise 2.2% boost in consumer spending for the quarter. But that optimism...

Financials Sink; Dow Off 8
 Financials Sink; Dow Off 8 
MARKETS

Financials Sink; Dow Off 8

Rising consumer confidence gives stocks a boost

(Newser) - The markets ended flat after mixed economic signals today, the Wall Street Journal reports. Stress-test troubles for Bank of America and Citigroup depressed financials, but news that consumer confidence rose in April—to 39.2, from 26.9 in March—gave stocks a boost.  The Dow fell 8.05...

Banks Give Stocks the Flu
 Banks Give Stocks the Flu 
MARKET Open

Banks Give Stocks the Flu

(Newser) - Swine flu fears, and negative reports about the banks left investors feeling ill this morning. The Dow fell 65 points, while Nasdaq fell 0.8% and the S&P 0.9%. Bank of America and Citigroup were headed south, down 7.5% and 6.2% respectively on reports that they’...

Flu Spooks Street; Dow Off 51
 Flu Spooks Street; Dow Off 51 
MARKETS

Flu Spooks Street; Dow Off 51

Firms likely to be hurt by reaction to disease see shares drop

(Newser) - Swine flu worried investors but wasn’t enough to spark a full-scale sell-off today, the Financial Times reports. AMR, parent of American Airlines, Marriott, and Expedia fell as investors bet against firms that may be specifically hurt. Shares of Gilead Sciences, developer of Tamiflu, were up nearly 4%, however. The...

Stocks Sink on Swine Flu Panic
 Stocks Sink on Swine Flu Panic 
MARKET Open

Stocks Sink on Swine Flu Panic

(Newser) - Swine flu panic swept across markets today, sending stocks lower around the world. In the US, the Dow sank 80 points at the open, while the S&P and Nasdaq fell 1.1% and 1.2% respectively. In Asia, the Hang Seng tumbled 2.7%, while many major European indexes...

Big Banks Rally; Dow Up 119
 Big Banks Rally; Dow Up 119 
MARKETS

Big Banks Rally; Dow Up 119

Investors mull 'stress test' criteria

(Newser) - Stocks gained today on some positive earnings reports, but anxiety over the ramifications of government "stress tests" kept the lid on, the Wall Street Journal reports. The disclosure of the “stress test” methodology seemed to boost the biggest banks, like Bank of America, Wells Fargo, and US Bancorp,...

Stocks Edge Higher
 Stocks Edge Higher  
Market Open

Stocks Edge Higher

(Newser) - Stocks got a modest boost at the open, as better-than-expected earnings battled with stress test anxiety. The Dow rose 51 points, while the S&P and Nasdaq added 0.6% and 0.4% respectively, the Wall Street Journal reports. Ford skyrocketed 19% after reporting a mere $1.4 billion—and...

Dow Up 70 on Mixed Earnings
 Dow Up 70 on Mixed Earnings 
MARKETS

Dow Up 70 on Mixed Earnings

Apple, eBay do well in first quarter; UPS, SunTrust banks post losses

(Newser) - Stocks gained today amid mixed earnings news, the Wall Street Journal reports. Market volatility has dropped, with neither of the past two sessions seeing any big moves. Apple, eBay, Coach and Radio Shack beat expectations, while UPS, SunTrust Banks and Fifth Third Bancorp saw losses. The Dow rose 70.49...

Stocks, Earnings Both Mixed
 Stocks, Earnings Both Mixed 
MARKET Open

Stocks, Earnings Both Mixed

(Newser) - Stocks barely budged at the open, after a good quarter from Apple and a lousy one from UPS. The Dow fluctuated between gains and losses, and was recently down 13 points. The S&P and Nasdaq were similarly flat. Apple rose 3% after beating expectations with a 15% earnings jump....

Pharma Pushes Dow Down 83
 Pharma Pushes Dow Down 83 
MARKETS

Pharma Pushes Dow Down 83

Sandisk gains after earnings beating expectations

(Newser) - Stocks were mixed today as pharmaceuticals declined but tech saw gains, the Wall Street Journal reports. GlaxoSmithKline reported a 13% drop in first-quarter earnings; GSK, Merck and Pfizer shares dropped. Yahoo and Sandisk were up despite posting quarterly losses. The Dow fell 82.99 to close at 7,886.57....

Stocks Slide on Grim Earnings
 Stocks Slide on Grim Earnings 
MARKET Open

Stocks Slide on Grim Earnings

(Newser) - Stocks headed lower at the open today, thanks to another round of dour corporate earnings. The Dow fell 44 points, while the S&P and Nasdaq dropped 0.9% and 0.8% respectively. Morgan Stanley tumbled more than 8%, after reporting a quarterly loss, and slashing its dividend. Wells Fargo,...

Dow Up 128 on Geithner Talk
 Dow Up 128 on Geithner Talk 
MARKETS

Dow Up 128 on Geithner Talk

Banks rally after comments by Treasury secretary, Bank CEOs

(Newser) - Stocks gained today on upbeat comments from Timothy Geithner and the CEOs of Citigroup and US Bancorp, the Wall Street Journal reports. Banks rallied after the Treasury secretary said that the “vast majority” have sufficient capital. The Dow closed up 127.83 at 7,969.56. The Nasdaq rose...

Earnings Send Stocks South
 Earnings Send Stocks South 
MARKET Open

Earnings Send Stocks South

(Newser) - Stocks slid at the open this morning, after a rash of less-than-inspiring earnings reports from major companies. The Dow was down 30 points, as components Coca-Cola, Caterpillar, Dupont, and Merck all posted lousy first quarters. Caterpillar swung to a loss and slashed guidance, sending shares down 5%, while Dupont fell...

Banks Push Dow Down 290, Below 8,000
 Banks Push Dow Down 290, 
 Below 8,000 
MARKETS

Banks Push Dow Down 290, Below 8,000

Dow falls 289 on financial uncertainty

(Newser) - Stocks saw deep declines today as uneasiness over banking spilled into the broader market, the Wall Street Journal reports. Bank of America slid 22% on word of growing losses in its credit-card unit. Goldman Sachs, Citigroup and JPMorgan Chase also fell on reports of a Treasury move that may dilute...

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