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Stocks Gain at Open After Yesterday's Plunge
Stocks Gain at Open After Yesterday's Plunge
MARKETS

Stocks Gain at Open After Yesterday's Plunge

...And if you have faith that the story won't change by 4:30, you probably fell hard for that 'bridge in Brooklyn' bubble

(Newser) - Stocks saw a modest bounce at the open this morning, with the Dow up 42 points after a half-hour, following yesterday’s titanic losses, the Wall Street Journal reports. The S&P and Nasdaq rose 0.5% and 1.32% respectively. Panic was staved off by some sound economic data,...

Bears Send Dow Down 350
 Bears Send Dow Down 350 
midday MARKETS

Bears Send Dow Down 350

Morgan Stanley down as much as 40%

(Newser) - Bears are running wild on Wall Street today, with the Dow down as much as 350 points by midday, MarketWatch reports. The Fed’s rescue of AIG seemed to do little to reassure investors, as the financial sector continued to plummet; Morgan Stanley fell as much as 40%, despite a...

Stocks Down Again at Open
 Stocks Down Again at Open 
MARKETS

Stocks Down Again at Open

AIG, Goldman pace decline

(Newser) - Stocks declined at the opening bell today, sending the S&P 500 into its worst two-day slump since 2002, Bloomberg reports. Investors reacted to an overnight credit downgrade for liquidity-challenged AIG and a weak Goldman Sachs earnings report. Overnight lending rates took a record jump last night, as markets fell...

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...

Stocks Decline as Fannie, Freddie Fall, Oil Leaps

Market nears 11,000 for first time in two years

(Newser) - Stocks tumbled this morning as investors focused on troubles at mortgage companies Fannie Mae and Freddie Mac and watched oil prices climb further into record territory. The Dow fell more than 170 points and neared the 11,000 mark for the first time in two years. Investors seemed unimpressed by...

Rate-Cut Rally Fades Away
Rate-Cut Rally Fades Away
MARKETS

Rate-Cut Rally Fades Away

Stocks soar, then drop on Fed action

(Newser) - The Fed’s half-point rate cut this afternoon briefly sent stocks soaring—before the rally crumbled and the Dow ended down 37.47 points at 12,442.83. Most Streeters have welcomed the series of interest rate slashes, but some are concerned they are too aggressive and could trigger inflation...

Stocks Shake Before Fed Speech
Stocks Shake Before Fed Speech

Stocks Shake Before Fed Speech

Wall Street awaits Bernanke's priorities in Friday address

(Newser) - Technology shares are still on the rebound, but the credit market continues to shake other stocks as traders await Ben Bernanke's speech on Friday. The tech-heavy NASDAQ gained 2.14 today, to close at 2565.30. But the Dow slipped 50.56 to 13238.73, and the S&P 500...

Stocks Plummet on Rate Worries
Stocks Plummet on Rate Worries

Stocks Plummet on Rate Worries

Fed minutes fail to confirm future rate cuts

(Newser) - US stocks tumbled for the second day in a row after Fed minutes drained widespread hope of a rate cut next month, exacerbating slumps in consumer confidence and home values. The Dow dropped 185 to close at 13,135.5, the S&P was off 24.6 at 1,442....

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