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Financials Lead More Losses
 Financials Lead More Losses
MARKETS

Financials Lead More Losses

Dow falls 100 points for 2nd straight day

(Newser) - The markets saw losses today as anxiety about financial firms persisted and oil rose nearly $3 to $116 a barrel, MarketWatch reports. The Dow was hit especially hard, falling  109.51 points to 11,532.96. The other indices made afternoon gains but fell back, with the Nasdaq closing down...

Financials Lead Broad Slump
 Financials Lead Broad Slump 
MARKETS

Financials Lead Broad Slump

Equities fall even though oil does, too

(Newser) - Stocks fell today as waves of bad news from the financial sector battered investor sentiment, MarketWatch reports. Equities lost value despite a $1.44 drop in the price of oil, reversing what has recently been a consistent inverse relationship. The Dow fell 139.88 to 11,642.47, the Nasdaq...

Stocks Post Modest Gains
 Stocks Post Modest Gains 
MARKETS

Stocks Post Modest Gains

(Newser) - Stocks managed to hold on to small gains today from a big early rally, as oil prices fell despite the fighting in Georgia, MarketWatch reports. The Dow closed up 48.03 points at 11,782.35. The Nasdaq gained 25.85 points to 2,439.95, and the S&P...

Dow Gains 303 Points; Oil Drops
 Dow Gains 303 Points; Oil Drops 
MARKETS

Dow Gains 303 Points; Oil Drops

Fannie's losses don't phase market

(Newser) - A big rally topped a rollercoaster week today as the markets surged on a drop in oil of nearly $5 a barrel, MarketWatch reports. The Dow gained 302.89 points to close at 11,734.32, the Nasdaq rose 58.37 to 2,414.10, and the S&P 500...

Bad News Spurs Big Sell-Off
 Bad News Spurs Big Sell-Off
MARKETS

Bad News Spurs Big Sell-Off

Poor results at AIG, nervous retailers, rising oil all contribute to decline

(Newser) - The markets suffered big losses today as investors were confronted by bad news from retail and financial giants, as well as a 6-year-high in weekly unemployment, the Wall Street Journal reports. The Dow fell 224.64to 11,431.43. The Nasdaq lost 22.64 to finish at 2,355.73,...

Rally Goes On, Modestly
 Rally Goes On, Modestly
MARKETS

Rally Goes On, Modestly

Cisco provides some good news, though investors not totally cheered

(Newser) - Oil prices continued to fall, spurring modest gains for the markets today, but Freddie Mac’s enormous second-quarter loss signified that the housing and credit crises are not over yet, the Wall Street Journal reports. The Dow rose 40.30 to close at 11,656.07. The Nasdaq gained 28....

Dow Skyrockets as Oil Retreats
 Dow Skyrockets as Oil Retreats 
MARKETS

Dow Skyrockets as Oil Retreats

Deep-seated concerns about economy remain

(Newser) - Stocks rallied today after the Fed said it would keep money cheap for the time being and crude prices fell to below $120 a barrel, a 3-month low. The Dow gained 330.80 to close at 11,614.95, the Nasdaq rose 64.27 to 2,349.83, and the...

Oil Drops; Stocks Follow
 Oil Drops; Stocks Follow  
MARKETS

Oil Drops; Stocks Follow

Gray day on Street ahead of Fed's policy meeting

(Newser) - Stocks closed down today, giving back gains from an early rally despite a nearly $4 drop in crude oil prices as worries about economic growth and inflation persisted, the Wall Street Journal reports. The Dow fell 42.17 to close at 11,284.15, the Nasdaq lost 25.40 and...

Jobs, Earnings Spur Losses
 Jobs, Earnings Spur Losses
MARKETS

Jobs, Earnings Spur Losses

Downbeat session kicks off August

(Newser) - Stocks fell today as investors absorbed a slate of poor earnings reports and glum but not awful economic reports. Crude rose $1.02 a barrel, and shares in every sector other than energy fell, MarketWatch reports. The Dow dropped 51.70 to 11,326.32, the Nasdaq shed 14.59...

Stocks Fall on Economic Reports
 Stocks Fall on Economic Reports
MARKETS

Stocks Fall on Economic Reports

Two-day rally quashed, ending July on a sour note

(Newser) - Stocks fell today as worrying economic reports put an end to a 2-day rally, MarketWatch reports. Financials slipped, and energy stocks took a hit as Exxon’s record profit failed to meet analysts' expectations and crude prices continued to fall. The Dow dropped 204.69 to 11,379.00. The...

Optimism Sends Stocks Surging
 Optimism Sends Stocks Surging 
markets

Optimism Sends Stocks Surging

Investors brush off news of spiking oil prices

(Newser) - Wall Street soared for the second straight day today, rallying in the last hour of trading after a rebound in financial stocks and optimism about private sector jobs helped investors brush off a sharp jump in oil prices. The Dow rose 186 points to 11,583.69, the S&P...

On Mixed News, Modest Gains
 On Mixed News, Modest Gains 
MARKETS

On Mixed News, Modest Gains

Crude falls, durable goods rise, but foreclosures also climb

(Newser) - The Dow and S&P 500 seesawed to minor gains today amid mixed economic reports, MarketWatch reports. The Dow rose 21.41 to 11,370.69, the S&P 500 5.22 to 1,257.76. Bolstered by the relative insulation from the economic slump enjoyed by tech stocks , the...

Housing, Labor Pummel Stocks
 Housing, Labor Pummel Stocks
MARKETS

Housing, Labor Pummel Stocks

Bleak economic reports and some poor earnings make for steady losses

(Newser) - Stocks saw big losses today as bad news on housing and employment soured investors’ hopes of a looming economic turnaround, the Wall Street Journal reports. The Dow fell 283.10—a 2.43% drop—to close at 11,349.28; the Nasdaq shed 45.77, to 2,280.11; and...

Mixed News Keeps Gains Slim
 Mixed News Keeps Gains Slim 
MARKETS

Mixed News Keeps Gains Slim

Markets absorb gloomy Fed data and continued oil drop

(Newser) - The markets pared earlier gains to end just slightly positive today, amid mixed earnings reports and a gloomy-but-expected Federal Reserve data on the US economy, the Wall Street Journal reports. The Dow gained 29.88, closing at 11,632.38. The Nasdaq gained 21.92, settling at 2,325.88,...

Stocks Rise as Oil Drops
 Stocks Rise as Oil Drops 
MARKETS

Stocks Rise as Oil Drops

Price of barrel drops to $126, a 7-week low

(Newser) - Stocks climbed to robust gains by the end of today’s session as a drop in oil helped offset a spread of mixed earning reports, MarketWatch reports. The Dow gained 135.16 points to close at 11,602.50, the Nasdaq rose 24.43 to 2,303.9, and the...

Pharma, Tech Kill Early Gains
 Pharma, Tech Kill Early Gains 
MARKETS

Pharma, Tech Kill Early Gains

Pricier oil, Merck troubles outshine Bank of America's 'success'

(Newser) - The markets failed to hold on to early-session gains today as oil rose above $131 per barrel and the overall economic outlook remained downcast, MarketWatch reports. The Dow lost 29.23 points to close at 11,467.34, the Nasdaq fell 3.25 to 2,279.53, and the S&...

Mixed Note Caps Big Week
 Mixed Note Caps Big Week 
MARKETS

Mixed Note Caps Big Week

Dow sees modest gains, Nasdaq loses; all indices post weekly gains

(Newser) - The markets were mixed today as poor results across the tech sector and from Merrill Lynch put the brakes on a two-day rally, MarketWatch reports. Good news from Citigroup kept the Dow buoyant, and it closed up 49.91, at 11,496.57. The tech-heavy Nasdaq took a 29.52-point...

Tech Firms Buoyed by Demand Abroad
Tech Firms Buoyed
by Demand Abroad

Tech Firms Buoyed by Demand Abroad

International demand keeps tech afloat even as economy sinks

(Newser) - The tech sector keeps rolling even as the overall economy continues to flail, the Wall Street Journal reports. Four of tech’s giants, Microsoft, Google, IBM and Nokia, posted quarterly results yesterday, riding high on developed nations’ need for cost-saving technologies and emerging economies’ demand for infrastructure upgrades as the...

Stocks Continue Strong Rally
 Stocks Continue Strong Rally 
MARKETS

Stocks Continue Strong Rally

Dow up 207 points; third consecutive day of falling oil prices helps

(Newser) - The markets continued yesterday’s rally as oil kept falling—hitting a low of $131 a barrel for the first time in 6 weeks—and traders bought up financial shares with renewed confidence, the Wall Street Journal reports. The Dow gained 207.38 points to close at 11,446.66;...

Markets Surge on Oil, Financials
 Markets Surge on Oil, Financials
MARKETS

Markets Surge on Oil, Financials

Another drop in crude, good news from Wells Fargo brings out the bulls

(Newser) - The markets rallied big today, as the price of oil fell for a second day and financials regained some of the ground lost in recent chaotic sessions, the Wall Street Journal reports. The Dow gained 276.74 to go back over the 11,000 mark, at 11,239.28. The...

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