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Dow at 10,000?
'Hold the Cheering'

analysts' reactions

Oct 14, 2009 1:58 PM CDT

Dow at 10,000? 'Hold the Cheering'

It's decent news, but let's not get carried away

(Newser) - The Dow hit 10,000 today, but most analysts aren't exactly falling off their chairs in excitement:

Mark Hulbert, MarketWatch: "It would be entirely in investors' rights to feel pretty good about it. But they're not, on the whole. That's surprising, and suggests to contrarian analysts" that a "

...

Dow Hits 10,000
for First Time in Year

Oct 14, 2009 12:31 PM CDT

Dow Hits 10,000 for First Time in Year

Markets propelled by strong earnings from Intel, JPMorgan

(Newser) - The Dow Jones industrial average reached 10,000 today for the first time since Oct. 7, 2008. The milestone, which triggered a whoop from the trading floor, was buoyed by surprisingly strong earnings reports from Intel and JPMorgan. The latter stoked the market's optimism as it handily beat Wall Street's...

Dow Falls 15 in Mixed Day

MARKETS

Oct 13, 2009 3:13 PM CDT

Dow Falls 15 in Mixed Day

Johnson & Johnson quarterly revenue disappoints

(Newser) - Stocks were mixed today, as pharmaceutical firms declined after Johnson & Johnson’s quarterly earnings failed to meet expectations. Health insurance companies also took a hit, perhaps because of the Senate Finance Committee’s approval of the Baucus bill. The Dow fell 15 points to close at 9,871....

Dow Up 21 After
Rally Loses Steam

MARKETS

Oct 12, 2009 3:18 PM CDT

Dow Up 21 After Rally Loses Steam

Dow hits new 2009 high but falls back amid light volume

(Newser) - The stock indices ended mixed today after strong morning gains lost steam. The Dow hit a new high for 2009, 9931.82, off strong expectations for the third-quarter earnings. But profit-taking traders capitalized on recent gains, pushing the market lower; light trading volume on the Columbus Day holiday amplified their...

Dow Gains 78,
Hits New 2009 High

MARKETS

Oct 9, 2009 3:17 PM CDT

Dow Gains 78, Hits New 2009 High

IBM gains; GM sells Hummer to Chinese firm

(Newser) - Stocks rallied today, with the Dow rising above its Sept. 22 high for the year. Alcoa's strong profits and news of Australia’s central bank rate hike set an optimistic tone for the week. IBM gained 2.9% after Barclays analysts voiced optimism and raised its target share price. In...

Dow Up 61 on
Strong Earnings

MARKETS

Oct 8, 2009 3:14 PM CDT

Dow Up 61 on Strong Earnings

Weekly unemployment claims fall to lowest level since January

(Newser) - Stocks closed below their session highs but still finished in positive territory after Alcoa set a strong tone for the third-quarter earnings season. The firm posted a $77 million profit after the bell yesterday. Also helping was good news on the jobs front, with last week’s initial claims for...

Dow Slips 6 Ahead
of Earnings Reports

MARKETS

Oct 7, 2009 3:15 PM CDT

Dow Slips 6 Ahead of Earnings Reports

Telecoms fall after FCC OKs internet calls on smartphones

(Newser) - Stocks ended mixed as traders await the beginning of the third-quarter earnings season, which kicks off with Alcoa’s report later today. Telecoms fell after the FCC chair said he would allow Internet-based phone calls on smartphones. AT&T was down 3.6%, while Verizon fell 2.7%. Amid light...

Dow Surges 132 as Dollar Falls

MARKETS

Oct 6, 2009 3:09 PM CDT

Dow Surges 132 as Dollar Falls

Commodities surge as dollar falls

(Newser) - Stocks indices saw big gains today as a result of a global chain of events: Australia’s central bank raised interest rates, the first to do so since the recession began. The move stoked optimism about the global economy and sank the value of the US dollar, which in turn...

Dow Up 112
Ahead of 3Q Earnings

MARKETS

Oct 5, 2009 3:14 PM CDT

Dow Up 112 Ahead of 3Q Earnings

September strength in service sector gives stocks a boost

(Newser) - Stocks surged to gains late in the session today, as traders placed bets ahead of the third-quarter earnings season. Alcoa, which is expected to report a strong quarter, gained 4.6%. The ISM reported an upturn in the service sector in September—its index rose to 50.9, with a...

Dow, Off 22 on Jobs, Ends
Worst Week Since June

MARKETS

Oct 2, 2009 3:21 PM CDT

Dow, Off 22 on Jobs, Ends Worst Week Since June

Seesaw session ends with losses

(Newser) - Stocks swung to losses after flirting briefly with gains late in today's session to close the worst week since mid-June. The news that unemployment grew to 9.8% in September depressed the markets, but analysts said so much disappointing data emerged this week that most traders had already unloaded shares....

Dow Falls 203
Ahead of Jobs Report

MARKETS

Oct 1, 2009 3:09 PM CDT

Dow Falls 203 Ahead of Jobs Report

ISM report, job fears drive biggest 1-day drop since July

(Newser) - Stocks suffered broad declines today after a manufacturing report that failed to meet expectations. That report, combined with worse-than-expected weekly jobless claims, have investors worried ahead of the government's nonfarm payroll report, due tomorrow. The Dow fell 203 points to close at 9,509. The Nasdaq lost 65 points, closing...

Dow Falls 30 to End
Best Quarter in 10 Years

Sep 30, 2009 3:27 PM CDT

Dow Falls 30 to End Best Quarter in 10 Years

Dow makes 15% Quarterly Gain, amid disappointing economic data for September

(Newser) - Disappointing economic data drove stocks lower today but couldn't dent strong gains for the third quarter. ADP reported bigger job losses than expected in September, and the Chicago Institute for Supply Management's business index dropped more than expected. The Dow fell 30 points to close at 9,718. The Nasdaq...

Dow Falls 34
Ahead of Jobs Data

MARKETS

Sep 29, 2009 3:16 PM CDT

Dow Falls 34 Ahead of Jobs Data

Dow still on track for best quarter in 10 years

(Newser) - Stocks fell today as traders lost some of yesterday’s confidence ahead of looming job reports. ADP will release its September survey tomorrow, with weekly data due Thursday and the government’s nonfarm payrolls report coming Friday. The Conference Board’s consumer confidence index, which analysts had been expecting to...

Dow Up 124 on Revitalized M&A

MARKETS

Sep 28, 2009 3:18 PM CDT

Dow Up 124 on Revitalized M&A

Xerox, J&J announce new acquisitions

(Newser) - High-profile deals breathed fresh life into stocks today, snapping a 3-day losing streak. Xerox will buy outsourcing company Affiliated Computer Services for $6.4 billion, and Johnson and Johnson bought biotech firm Crucell for $442.7 million. Barring sharp losses in the days ahead, this quarter will have seen the...

Dow Off 42, Wrapping Up
Down Week for Stocks

MARKETS

Sep 25, 2009 3:27 PM CDT

Dow Off 42, Wrapping Up Down Week for Stocks

Disappointing data drives indices lower; RIM falls 17.1%

(Newser) - Stocks fell today after reports of a smaller-than-expected rise in new home sales and a drop in orders for durable goods over the last month. Blue chips Alcoa, Amex, and Wal-Mart all fell at least 2%, and RIM dropped 17.1% after issuing a disappointing earnings forecast. The Dow dropped...

Dow Falls 41 as
Home Sales Sink

MARKETS

Sep 24, 2009 3:22 PM CDT

Dow Falls 41 as Home Sales Sink

Oil falls to 2-month low

(Newser) - Stocks dropped today after the National Association of Realtors reported existing-home sales fell 2.7% in August, the first decline after a 4-month winning streak. The drop in the housing market sent materials stocks lower, with Alcoa down 4.6%. Crude oil also fell $3.08 to $66.09 a...

Dow Drops 81
Despite Fed News

MARKETS

Sep 23, 2009 3:21 PM CDT

Dow Drops 81 Despite Fed News

Oil prices tumble $2.79

(Newser) - After an initial boost off the Fed's cautiously optimistic announcement and decision to leave interest rates unchanged, stocks fell late in the session, the Wall Street Journal reports. Crude oil tumbled $2.79 to $68.53 a barrel, driving sell-offs in energy stocks that in turn depressed the major indices....

Dow Rebounds, Gains 51

MARKETS

Sep 22, 2009 3:18 PM CDT

Dow Rebounds, Gains 51

Modest September rally continues after Monday slump

(Newser) - Stocks today saw more of the small but steady gains that have marked an unusually strong September, the Wall Street Journal reports. After yesterday's pullback, financials, and particularly insurers, saw gains: MBIA rose 22.3%, and rival AMBAC Financial gained 15.2%. Oil pushed up $1.84 to $71.55...

Dow Down 41;
Tech Rises,
Banks Fall

MARKETS

Sep 21, 2009 3:13 PM CDT

Dow Down 41; Tech Rises, Banks Fall

September rally sees slight pullback

(Newser) - Stock indices finished mixed today after the markets reached what most traders saw as a slight pause in a very strong September, the Wall Street Journal reports. Financials led declines: AmEx fell 2.9%, while Bank of America lost 1.8%. Google rose 1.1% after Citigroup analysts boosted their...

Fizzle Alert: Market Rallies
This Good Don't Hold

Analysis

Sep 21, 2009 9:49 AM CDT

Fizzle Alert: Market Rallies This Good Don't Hold

(Newser) - It's good news, bad news time for investors. The good news: In the last 100 years, only five other rallies have matched the 46% leap the Dow’s taken over the past six months. The bad news: None of those other extraordinary rallies, which came in the 1930s and 1970s,...