Dow Jones

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Dow Rises 4 on Good GDP Data, Bad Housing News

GDP grows 5.9% in last quarter of 2009

(Newser) - Stocks closed out February by nudging into positive territory as investors weighed the news that GDP grew by 5.9% last quarter but existing-home sales plunged, the Wall Street Journal reports.
  • The Dow gained 4.23 points to close at 10,325.26.
  • The Nasdaq added 4.04, settling at
...

Dow Drops 53 on Weak Jobs Data
 Dow Drops 53 on 
 Weak Jobs Data 
MARKETS

Dow Drops 53 on Weak Jobs Data

Dow recovers from 188-point drop

(Newser) - Stocks dropped sharply after the Labor Department reported an unexpected uptick in weekly jobless claims, but a recovery in commodities-related stocks helped the broader market trim its losses, Wall Street Journal reports.
  • The Dow closed down 53 points at 10,321.
  • The Nasdaq lost 2 points, settling at 2,234.
...

Dow Rises 92 on Bernanke Comments
 Dow Rises 92 on 
 Bernanke Comments 
MARKETS

Dow Rises 92 on Bernanke Comments

Fed chief says he's in no rush to raise interest rates

(Newser) - Stocks posted solid gains after Ben Bernanke assured traders that a recent increase in the discount rate did not mean that the Fed would raise the benchmark funds rate—which has the strongest influence on commercial lending rates—anytime soon, the Wall Street Journal reports.
  • The Dow gained 92 points
...

Dow Falls 101 on Consumer Data
 Dow Falls 101 
 on Consumer Data 
MARKETS

Dow Falls 101 on Consumer Data

Industrial stocks hit hard by flagging confidence

(Newser) - A big drop in the Conference Board's consumer confidence index knocked stocks for a loop today, leading to broad declines for industrial and commodity-related stocks, the Wall Street Journal reports.
  • The Dow fell 101 points to close at 10,282.
  • The Nasdaq dropped 29 points, settling at 2,213.
  • The
...

Dow Drops 19, Snaps 4-Day Win Streak
 Dow Drops 19, 
 Snaps 4-Day Win Streak 
MARKETS

Dow Drops 19, Snaps 4-Day Win Streak

Energy sector leads stocks lower; financials up on BofA settlement

(Newser) - Energy issues pushed stocks lower today after indexes hung around opening levels and briefly wandered into positive territory. Bank of America's settlement with the SEC over its acquisition of Merrill Lynch last year boosted financials, the Wall Street Journal reports.
  • The Dow fell 18.97 points to close at 10,
...

Dow Up 9 on Fed Rate Hike
 Dow Up 9 on Fed Rate Hike 
MARKETS

Dow Up 9 on Fed Rate Hike

Uptick in discount rate seen as sign of strength in US economy

(Newser) - Stocks wavered today, falling into the red during a speech by President Obama in which he promised more extensive financial regulation but reclaiming positive territory as traders came to see the Fed's increase in the discount rate as a vote of confidence in the economy, the Wall Street Journal reports....

Dow Rises Again, Adds 84
 Dow Rises Again, Adds 84 
MARKETS

Dow Rises Again, Adds 84

H-P, Priceline.com book solid profits

(Newser) - Stocks advanced as investors looked past disappointing data on employment and focused on positive activity in the steel sector and strong earnings from Hewlett-Packard and Priceline.com, the Wall Street Journal reports.
  • The Dow Jones gained 84 points to close at 10,393.
  • The Nasdaq added 15 points, closing at
...

Dow Gains 40 on Housing Starts
 Dow Gains 40 
 on Housing Starts 
MARKETS

Dow Gains 40 on Housing Starts

Whole Foods, Deere report strong earnings

(Newser) - Stocks saw solid gains as US housing starts hit their highest level in 6 months, and earnings from Whole Foods and Deere beat market expectations, the Wall Street Journal reports.
  • The Dow rose 40 points to close at 10,309.
  • The Nasdaq added 12 points, settling at 2,226.
  • The
...

Dow Rises 170 on Rosy Data
 Dow Rises 170 on Rosy Data 
MARKETS

Dow Rises 170 on Rosy Data

Good news on manufacturing, home-builder confidence

(Newser) - Stocks rallied today on positive economic data: the New York Fed's Empire manufacturing index showed marked improvement in manufacturing, and the National Association of Home Builders said builder confidence is up this month, the Wall Street Journal reports.
  • The Dow rose 170 points to close at 10,269.
  • The Nasdaq
...

Dow Falls 46 on EU GDP
 Dow Falls 46 on EU GDP 
MARKETS

Dow Falls 46 on EU GDP

China moves to tighten lending; tech proves resilient

(Newser) - Stocks closed mixed today as China's move to restrict lending and a low reading of EU GDP stoked worries about global economic health, the Wall Street Journal reports.
  • The Dow dropped 45.05 points to close at 10,099.14.
  • The Nasdaq gained 6.12, closing at 2,183.53.
...

Dow Rebounds, Rises 106
 Dow Rebounds, Rises 106 
MARKETS

Dow Rebounds, Rises 106

China reports moderation in consumer price inflation

(Newser) - Energy and materials stocks led broad advances on the markets today, as investors were encouraged by a better-than-expected weekly US jobs report and news of slowing Chinese inflation, the Wall Street Journal reports.
  • The Dow jumped 106 points to close at 10,144.
  • The Nasdaq added 30 points, settling at
...

Dow Down 20 as Fed Hints at Rate Hikes
 Dow Down 20 as Fed 
 Hints at Rate Hikes 
MARKETS

Dow Down 20 as Fed Hints at Rate Hikes

Ben Bernanke lays out long-term strategy

(Newser) - Financial stocks sensitive to Interest rates took a small hit today as Ben Bernanke tentatively laid out how the Fed would eventually raise interest rates—but much of the market stayed steady as a blizzard consumed New York, the Wall Street Journal reports.
  • The Dow fell 20 points to close
...

Dow Up 150 on EU Proposal
 Dow Up 150 on EU Proposal 
MARKETS

Dow Up 150 on EU Proposal

Germany floats idea of loan guarantees

(Newser) - A plan proposed by Germany to offer Greece and other economically troubled EU nations loan guarantees helped soothe global markets today and drove a rally in US stocks, the Wall Street Journal reports.
  • The Dow rose 150 points to close at 10,059.
  • The Nasdaq added 25 points, settling at
...

Dow Falls 104, Closes Under 10,000
 Dow Falls 104, 
 Closes Under 10,000 
MARKETS

Dow Falls 104, Closes Under 10,000

Dow drops below 10,000 for first time since Nov. 4

(Newser) - Stocks plummeted today as investors continued to worry about several European countries' ability to maintain their national debt and pondered a Wall Street Journal report that said the Fed may consider tightening credit this year.
  • The Dow fell 103.84 points to close at 9,908.39.
  • The Nasdaq lost
...

Dow Up 12 as Stocks Claw Back From Abyss

Dow off 170 midday on European credit woes

(Newser) - Stocks regained their opening levels after severe losses that saw the Dow off 170 points at midday today. Despite better-than-expected US employment figures, worries about the creditworthiness of some troubled European nations exerted downward pressure on stocks, the Wall Street Journal reports.
  • The Dow Jones closed up 10.05 points
...

Dow Falls 268 to 10,002
 Dow Falls 268 to 10,002 
UPDATED

Dow Falls 268 to 10,002

Dow in danger of slipping below 10,000 again

(Newser) - The markets were in turmoil today over concerns about the economies in both the US and Europe, the Wall Street Journal reports. Greece, Portugal, and Spain are all struggling with their national debt, while in the US, weekly unemployment claims rose, spooking traders ahead of tomorrow's monthly jobs report.
  • The
...

Dow Falls 27 on Pfizer Earnings
 Dow Falls 27 on 
 Pfizer Earnings 
MARKETS

Dow Falls 27 on Pfizer Earnings

(Newser) - Stocks closed mixed today, as Pfizer lagged on the Dow. The drug-maker posted a doubling in quarterly profit but failed to meet expectations and scaled back projections for future revenue, the Wall Street Journal reports.
  • The Dow fell 27 points to close at 10,270.
  • The Nasdaq gained 1 point,
...

Dow Rises 111 on Housing Data
 Dow Rises 111 
 on Housing Data 
markets

Dow Rises 111 on Housing Data

Realtors info provides a lift for the markets

(Newser) - Better news from the housing industry sent stocks higher today, including an increase in the number of people with contracts to buy homes. The National Association of Realtors said its index of sale contracts rose 1% in December.
  • The Dow Jones industrial average rose 111 points to 10,297.
  • The
...

Dow Starts February Up 118
 Dow Starts February Up 118 
MARKETS

Dow Starts February Up 118

Exxon's quarterly results beat expectations

(Newser) - Stocks rallied today on a strong earnings report by ExxonMobil and data showing the US factory sector performed well in January, the Wall Street Journal reports.
  • The Dow added 118.30 points to close at 10,185.53.
  • The Nasdaq gained 243.85, closing at 2,171.20.
  • The S&
...

Dow Falls 56 Despite Jump in GDP
 Dow Falls 56 
 Despite Jump in GDP 
MARKETS

Dow Falls 56 Despite Jump in GDP

Microsoft falls 4.5% despite strong profits

(Newser) - Stocks saw losses today as investors proved unmoved by the striking 5.7% jump in GDP for the second quarter. Microsoft led a broad decline in tech stocks despite reporting strong growth in quarterly profits, the Wall Street Journal reports.
  • The Dow fell 53.13 points to close at 10,
...

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