Dow Jones

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Dow Plunges 280+ Points
 Dow Plummets 513 
Aug 4, 2011 3:08 PM CDT

Dow Plummets 513

All major indexes are in negative territory for the year

(Newser) - The only good thing to say about today's stock market is that it's finally over. The Dow fell a staggering 513 points, or 4.3%, to close at 11,384. It's the worst point drop since December 2008 and the worst percentage drop since February 2009, reports...

Sinking Confidence Behind Market Collapse

Investors starting to panic that nobody has answers

(Newser) - What's behind the market meltdown? Some on-the-fly observations:
  • Ezra Klein, Washington Post : The market is "diving because of forces Washington can’t control, and in many cases, doesn’t understand very well. How many members of Congress do you think could give a coherent account of what has
...

Stocks Keep Plunging
 Stocks Keep Plunging 
MARKETS
Aug 3, 2011 10:18 AM CDT

Stocks Keep Plunging

Dow down 100 at midday

(Newser) - Stocks kept on sliding this morning, after a better-than-expected labor report failed to reassure investors. Private employers added 114,000 jobs in July according to ADP, yet as of 11:18, the Dow was down 102 points, according to MarketWatch, with the S&P down 7.46 points and the...

Dow Plummets 266, Back Under 12K

Debt deal provides no bounce

(Newser) - Just imagine if they hadn't gotten a deal at the last minute: The stock market had a brutal day, despite today's final passage of the bill to avert a default, reports MarketWatch . The Dow fell 266 to 11,867 (2.2%); Nasdaq fell 75 to 2,669 (2....

WSJ: Our Murdoch Coverage Wasn't Good Enough

Was lax on owner, but says it's better now

(Newser) - The Wall Street Journal did a lousy job of initially covering Rupert Murdoch's phone hacking scandal, admits the paper's special editorial committee. The paper was "slower than it should have been at the outset to pursue the phone-hacking scandal story" and failed to ask tough questions when...

Stocks Fall on Debt Fears
 Stocks Fall on Debt Fears 
Jul 25, 2011 9:19 AM CDT

Stocks Fall on Debt Fears

Dow was down 101 points at open

(Newser) - Stocks are falling after congressional leaders failed to agree on a deal to raise the nation's debt limit to avoid default. At the opening bell today, the Dow Jones industrial average fell 101 points, or 0.8%, to 12,575. The Standard & Poor's 500 was down 12,...

Dow Rises 202: Best Day of 2011

Earnings reports and Obama's praise of debt plan raise hopes

(Newser) - Strong profits and a bipartisan plan to lift the US debt limit drove a stock market rebound today. Stock indexes rose after Coca-Cola, IBM, and other companies reported rising second-quarter earnings. The three major indexes added to their gains after President Obama praised a proposal by six senators that would...

Les Hinton, 'Wall Street Journal' Publisher and Dow Jones CEO, Resigns in Wake of Rupert Murdoch's Phone Hacking Scandal
WSJ Publisher, Dow Jones CEO Les Hinton Resigns
phone hacking scandal
Jul 15, 2011 4:12 PM CDT

WSJ Publisher, Dow Jones CEO Les Hinton Resigns

He's the latest casualty of Rupert Murdoch's phone hacking scandal

(Newser) - Rupert Murdoch accepted the resignation of the Wall Street Journal's publisher today as the once-defiant media mogul struggles to control the escalating phone hacking scandal. The controversy claimed its first victim in the United States as Les Hinton, chief executive of the Murdoch-owned Dow Jones & co. and publisher...

Dow Plunges 155 on Global Economy Fears

There's bad news coming out of Italy, Spain ... and US

(Newser) - Stocks opened sharply lower today amid fresh fears about the global economy. The Dow Jones industrial average fell 144 points, or 1.1%, to 12,513, at the start of trading. It's currently down 155 points . Greece is expected to receive a second financial rescue package to help the...

Dow Plummets Below 12K
 Dow Plummets Below 12K 
Jun 23, 2011 10:26 AM CDT

Dow Plummets Below 12K

Unemployment claims, oil prices lead to drop

(Newser) - The number of unemployment claims jumped to 429,000 last week, an unexpected rise that led the Dow Jones industrial average to fall below 12,000. Falling oil prices—they decreased 5% today—also drove US stocks lower, the AP reports. The Dow was down recently more than 215 points,...

Dow Tumbles 172, Closes Below 12K

It's the worst weekly losing stretch since 2002

(Newser) - The Dow Jones industrial average closed below 12,000 today, the first time it has dropped below that mark since March. Fears that the global economic recovery has stalled also weighed on other indexes. The market registered its sixth straight weekly loss, the longest weekly losing streak since the fall...

Dow Plunges 280, Erases Quarter of Year's Gains

Two bleak reports raise fears about recovery

(Newser) - Fears that the US economy is stalling sent the Dow Jones industrial average down 280 points, erasing more than a quarter of the stock market's gains for the year. A pair of reports raised new doubts about the economy's strength: A key manufacturing index fell from its April...

Stocks Up, Oil Down on bin Laden News

Dow up 50

(Newser) - News of Osama bin Laden’s death cheered markets today, with the Dow gaining 50 points, and the S&P and Nasdaq rising 4 points and 8.5 points, respectively, Politico reports. Oil futures meanwhile, fell 2%, and the dollar rose. The gains followed similar increases in Japan and South...

Dow Plunges 242 on Japan Anxiety
 Dow Plunges 242 
 on Japan Anxiety 
MARKETWATCH
Mar 16, 2011 3:11 PM CDT

Dow Plunges 242 on Japan Anxiety

Street worries about nuclear catastrophe

(Newser) - Fears that a nuclear reactor in Japan may be in the midst of a partial meltdown is shaking financial markets. Stock indexes lost 2% and gave up nearly all of their gains for the year today. All 10 company groups that make up the Standard & Poor's 500 index fell....

Markets Reeling From Japan Crisis

Dow off more than 200 after Nikkei falls 11%

(Newser) - Stocks around the world plummeted today, thanks to huge losses in Japan, where the Nikkei Stock Average fell a whopping 11%, completing its biggest two-day drop since 1987. That prompted big Asian and European sell-offs, especially in Germany, where the DAX 30 fell 4.5% in interday trading. In the...

Dow Drops 228, Sinks Below 12,000
 Dow Drops 228, 
 Sinks Below 12,000 
MARKETWATCH
Mar 10, 2011 3:13 PM CST

Dow Drops 228, Sinks Below 12,000

Worries over global economy kneecap Dow

(Newser) - Weak economic news from China, the US, and Spain combined with a slump in oil companies sent stocks sharply lower. The Dow Jones industrial average had its biggest one-day drop since August. It fell 228 points, or 1.9%, to close at 11,984, while the S&P 500 index...

Dow Hits 12K
 Dow Hits 12K 




Jan 26, 2011 9:30 AM CST

Dow Hits 12K

For the first time in 2 1/2 years

(Newser) - The Dow Jones industrial average is surpassing 12,000 as investors shrug off weak earnings results and focus on President Obama's call to overhaul corporate taxes. The average climbed to 12,006 early today. The last time it closed above 12,000 was June 19, 2008.

Dow Up 8, Ends Year at Highest Mark Since '08
Dow Up 8, Ends Year
at Highest Mark Since '08
MARKETWATCH
Dec 31, 2010 3:15 PM CST

Dow Up 8, Ends Year at Highest Mark Since '08

Almost half of stocks' 2010 gains were made this month

(Newser) - Stocks have ended a rocky 2010 quietly. The major indexes were little changed and trading volume was at one of its lowest levels of the year as many traders took the day off. Despite investors' concerns about the US and world economy, the S&P 500 and the Dow both...

Dow Surges 220 to Pre-Lehman Levels
 Dow Surges 220 
 to Pre-Lehman Levels 
MARKETWATCH
Nov 4, 2010 3:18 PM CDT

Dow Surges 220 to Pre-Lehman Levels

Investors cheer Fed's $600B plan

(Newser) - The Dow Jones surged 220 points to close at 11,435—a few points beyond the levels it hit before the collapse of Lehman Brothers kicked off the international financial crisis in 2008. Investors were spurred to action by the Fed's $600 billion quantitative easing plan, which they are betting...

GDP Grows 2% in 3Q
 GDP Grows 2% in Q3 
Oct 29, 2010 8:54 AM CDT

GDP Grows 2% in Q3

Growth fits economists' predictions

(Newser) - The economy grew slightly faster over the summer as Americans spent a little more freely: The GDP grew at a 2% rate during the third quarter, in line with what economists had forecast. It marks a slight improvement over last quarter, when the GDP grew at a 1.7% rate....

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