Dow Jones

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Dow Off 156 as Rally Slows
 Dow Off 156 as Rally Slows 
MARKETS

Dow Off 156 as Rally Slows

(Newser) - Stocks were down today on continued sluggishness from hard-hit areas like financials, industry, and energy, the Wall Street Journal reports. Though the improving market has led to an influx of cash from investors, key indices for transportation and industry have lagged. The Dow was down 155.88, to 8,418....

Stocks, Commodities Plunge
 Stocks, Commodities Plunge 
MARKET Open

Stocks, Commodities Plunge

(Newser) - Stocks plunged at the open, as banks sold shares to raise capital, and consumer and commodity stocks took a pounding, the Wall Street Journal reports. The Dow was down 140, the Nasdaq down 1.8% and the S&P off 2.1. Oil producers were hit hard as crude fell...

WSJ Plans Micro-Payments for Web Access

News Corp. paper will charge for individual articles

(Newser) - The Wall Street Journal will introduce a system of micro-payments for access to articles on its website, becoming the first newspaper to charge readers for individual stories. The service will target casual users unlikely to pay more than $100 for an annual online subscription, editor-in-chief Robert Thomson told the Financial ...

Dow Jumps 164 in Jobs Rally
 Dow Jumps 164 in Jobs Rally 
MARKETS

Dow Jumps 164 in Jobs Rally

Investors find hope in stress tests and unemployment results

(Newser) - Stocks rallied today on the unemployment report and stress-test results, the Wall Street Journal reports. Though unemployment continues to grow, the slowing pace of joblessness fueled a cautious optimism. American Express and JP Morgan Chase, who “passed” the government’s test, both gained 9%. The Dow closed up 164....

Stocks Shrug Off Job Report
 Stocks Shrug Off Job Report 
MARKET Open

Stocks Shrug Off Job Report

(Newser) - Stocks jumped out of the gate this morning, untroubled by the latest job report. The Dow was up 99 points, while the S&P and Nasdaq rose 1% and 1.2%, respectively. The economy lost 539,000 jobs last month, sending unemployment to 8.9%, according to the Labor Department’...

Cisco Disappoints; Dow Off 102
 Cisco Disappoints; Dow Off 102 
MARKETS

Cisco Disappoints; Dow Off 102

Investors await stress tests results

(Newser) - A poor earnings report and forecast from Cisco led stocks down today, the Wall Street Journal writes. The networking giant, considered an indicator of the tech sector’s general health, noted a 17% drop in revenue, and projected bigger losses for next quarter. The Dow closed down 102.43 at...

Stocks Up on Sunny Jobs Data
 Stocks Up on Sunny Jobs Data 
Market Open

Stocks Up on Sunny Jobs Data

(Newser) - Stocks were up again this morning, after promising unemployment numbers, the Wall Street Journal reports. The Dow rose 53 points, while the Nasdaq and S&P advanced 0.5% and 1% respectively. Wal-Mart reported a strong quarter, pulling retail stocks higher, while banks shot up ahead of stress test results....

Banks Spur Gains; Dow Up 102
 Banks Spur Gains; Dow Up 102 
MARKETS

Banks Spur Gains; Dow Up 102

Some institutions gain despite poor stress test results

(Newser) - Stocks were up today as investors digested the stress tests results, the Wall Street Journal reports. Regions Financial and Bank of America were higher, despite results that say they will need additional capital. JP Morgan Chase, which can meet its capital needs, also gained. The Dow gained 101.63 to...

Stocks Fall Back; Dow Off 16
 Stocks Fall Back; Dow Off 16 
MARKETS

Stocks Fall Back; Dow Off 16

Investors keep an eye on upcoming jobs, stress test reports

(Newser) - Yesterday’s rally failed to carry stocks today, with traders nervously anticipating weekly and monthly employment reports as well as the bank stress-test results later this week, the Wall Street Journal reports. Bank of America rose 5.4%, while Wells Fargo dropped 3.3%. The Dow fell 16.09 to...

Stocks Flat After Big Rally
 Stocks Flat After Big Rally 
MARKET Open

Stocks Flat After Big Rally

(Newser) - Stocks caught their breath this morning after a huge run yesterday that left the S&P in the black for the year. Stocks were mostly flat, with the Dow fluctuating between gains and losses, while the S&P inched down 0.2% and the Nasdaq 0.5%. Kraft rose 4%...

Dow Rallies on Housing; Up 214
 Dow Rallies on Housing; Up 214 
MARKETS

Dow Rallies on Housing; Up 214

Financials and materials firms gain on construction spending, existing home sales

(Newser) - Stocks rallied today on positive economic news, with the S&P 500 surpassing the psychologically significant 900 mark, the Wall Street Journal reports. Surges in construction spending and existing-home sales fueled investor optimism, with financials and materials firms pacing advances. The Dow rose 214.33 to close at 8,426....

Stocks Inch Higher as Reports Loom
 Stocks Inch Higher 
 as Reports Loom 
MARKET Open

Stocks Inch Higher as Reports Loom

(Newser) - Stocks were modestly higher at the open, with the Dow up 58 points, and the Nasdaq and S&P each up 0.6%. But traders were focused on upcoming reports, including the results of the stress tests and Friday’s all-important payrolls report. Airline stocks got a boost, with Delta...

May Starts Slowly; Dow Up 41
 May Starts Slowly; Dow Up 41 
MARKETS

May Starts Slowly; Dow Up 41

April employment report is next key metric for investors

(Newser) - Stocks closed moderately higher today after a seesaw session with light trading volume, the Wall Street Journal reports. After a strong April, investors are trying to predict how a recovery—or the lack of one—will play out, and are anticipating ADP’s April employment report, due next week. Manufacturing...

Stocks Flat After Strong April
 Stocks Flat After Strong April 
MARKET Open

Stocks Flat After Strong April

(Newser) - Stocks began the month without much fanfare this morning, with the major indexes little changed in early trading, the Wall Street Journal reports. Earnings were generally negative, with MasterCard down 5% after profit fell 18%, and Hartford Financial Services plunging 14% after reporting a $1.21 billion loss. Last month...

Dow Has Best 2-Month Showing Since 2002
 Dow Has Best 2-Month 
 Showing Since 2002 
MARKETS

Dow Has Best 2-Month Showing Since 2002

Mixed last day can't beat strong month

(Newser) - The markets were mixed today but wrapped up a strong month. The Dow, which fell 17.61 points to close at 8168.12, rose 7.4% in April, the Wall Street Journal reports. The Dow has risen 15.65% in two months—its best two-month showing since 2002 and the...

Earnings Send Stocks Higher
 Earnings Send Stocks Higher 
MARKET Open

Earnings Send Stocks Higher

(Newser) - Stocks surged at the open, as better-than-expected earnings buoyed hopes that the economy is ready for a comeback, the Wall Street Journal reports. The Dow was up 71 points, while the S&P and Nasdaq rose 8 and 20 points, respectively. Earnings reports have been surprisingly good this quarter; about...

Dow Surges 168 on Fed Hopes
 Dow Surges 168 on Fed Hopes 
MARKETS

Dow Surges 168 on Fed Hopes

Consumer spending bump supports solid gains

(Newser) - Stocks gained today but ended off session highs after good news from a key Federal Reserve body, the Wall Street Journal reports. The Open Market Committee said it saw evidence the economy is stabilizing, and the Fed said it may increase purchases of Treasury securities to lower borrowing costs. The...

Stocks Up, Despite GDP Plunge
 Stocks Up, Despite GDP Plunge
Market Open

Stocks Up, Despite GDP Plunge

(Newser) - Stocks headed higher at the open today, despite a grisly first quarter GDP report. The Dow rose 61 points, while the S&P and Nasdaq rose 0.9% and 0.8%, respectively, buoyed in part by a surprise 2.2% boost in consumer spending for the quarter. But that optimism...

Financials Sink; Dow Off 8
 Financials Sink; Dow Off 8 
MARKETS

Financials Sink; Dow Off 8

Rising consumer confidence gives stocks a boost

(Newser) - The markets ended flat after mixed economic signals today, the Wall Street Journal reports. Stress-test troubles for Bank of America and Citigroup depressed financials, but news that consumer confidence rose in April—to 39.2, from 26.9 in March—gave stocks a boost.  The Dow fell 8.05...

Banks Give Stocks the Flu
 Banks Give Stocks the Flu 
MARKET Open

Banks Give Stocks the Flu

(Newser) - Swine flu fears, and negative reports about the banks left investors feeling ill this morning. The Dow fell 65 points, while Nasdaq fell 0.8% and the S&P 0.9%. Bank of America and Citigroup were headed south, down 7.5% and 6.2% respectively on reports that they’...

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