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Insurers Propel Dow Down 89
 Insurers Propel Dow Down 89 
MARKETS
Feb 26, 2009 3:26 PM CST

Insurers Propel Dow Down 89

Obama budget boosts some financials

(Newser) - Stocks turned lower today amid grim economic news and varied responses to President Obama’s budget, the Wall Street Journal reports. Durable goods sank and jobless claims rose, and insurers Aetna and Humana dropped sharply over fears of adverse effects from the administration's healthcare reform. The Dow fell 88.81...

Jobs, GM Can't Knock Stocks
 Jobs, GM Can't Knock Stocks 
MARKET Open
Feb 26, 2009 8:50 AM CST

Jobs, GM Can't Knock Stocks

(Newser) - Stocks headed north early, with the Dow up 93 points, despite bleak economic data and a $9.6 billion loss from GM. Jobless claims unexpectedly leaped last week, with total claims topping 5 million for the first time, while durable goods orders sunk 5.2% in January. But JPMorgan rose...

Big Banks Up; Dow Down 80
 Big Banks Up; Dow Down 80 
MARKETS
Feb 25, 2009 3:17 PM CST

Big Banks Up; Dow Down 80

Troubled financials boosted by Bernanke comments, Treasury plan

(Newser) - Stocks suffered modest losses today, though prominent financial institutions gained, the Wall Street Journal reports. Details of the Treasury’s “stress tests” and comments from Ben Bernanke disavowing nationalization buoyed Citigroup, Bank of America and Wells Fargo—but another dismal home-sales report depressed the broader market. The Dow fell...

Street Battles Back; Dow Up 236
 Street Battles Back; Dow Up 236 
MARKETS
Feb 24, 2009 3:17 PM CST

Street Battles Back; Dow Up 236

Financials lead rally

(Newser) - Stocks rallied today as traders snapped up bargains in the wake of yesterday’s sell-off, the Financial Times reports. Citigroup and Bank of America led the surge after Ben Bernanke said the government would not have to resort to nationalization to save the beleaguered banks. The Dow gained 236.16,...

Dow Off 251; Lowest Close Since '97
 Dow Off 251; 
 Lowest Close Since '97 
MARKETS
Feb 23, 2009 3:09 PM CST

Dow Off 251; Lowest Close Since '97

Financials do better on reports of that nationalization will be gentle

(Newser) - Stocks fell today as concerns about waning global demand sank shares of giants like IBM, Hewlett-Packard, General Electric, and Alcoa, the Wall Street Journal reports. Citigroup bucked the trend on reports that a government takeover wouldn’t wipe out shareholders, and rose 11%. The Dow fell 250.89 to 7,...

Stocks Make Modest Gains
 Stocks Make Modest Gains 
MARKET Open
Feb 23, 2009 8:46 AM CST

Stocks Make Modest Gains

(Newser) - Stocks went modestly higher at the open today, with the Dow up about 60 points and the Nasdaq and S&P gaining 0.5% and 0.9% respectively, driven by big gains in financials. Citigroup was up 18%, after the Wall Street Journal reported that the government might convert its...

Dow Ends Sorry Week Off 101
 Dow Ends Sorry Week Off 101 
MARKETS
Feb 20, 2009 3:21 PM CST

Dow Ends Sorry Week Off 101

Nationalization talk spurs financial sell-off

(Newser) - Stocks lost value again today as talk of nationalizing top US banks spurred investors to sell financials, MarketWatch reports. The Obama administration tried to tamp down the nationalization chatter, but without success. Meanwhile, General Electric and General Motors fell 6% and 16%, respectively. The Dow lost 100.28 to close...

Stocks Can't Stop Bleeding
 Stocks Can't Stop Bleeding 
MARKET Open
Feb 20, 2009 8:52 AM CST

Stocks Can't Stop Bleeding

(Newser) - Stocks continued their march downward at the open today, following a wave of selloffs around the globe. The Dow dropped 136 points, after closing at a six-year low yesterday. The S&P plunged 1.8%, while the Nasdaq was off 1.1%. Yesterday’s US losses triggered a wave of...

Dow Drops to 6-Year Low
 Dow Drops to 6-Year Low 
MARKETS
Feb 19, 2009 3:22 PM CST

Dow Drops to 6-Year Low

Fifth Third Bancorp reports losses

(Newser) - Stocks fell again today, with the Dow sinking to its lowest point in six years, MarketWatch reports. The usual financials led declines, with poor results from Fifth Third Bancorp souring sentiment. The Dow fell 89.68 points to close at 7,465.95. The Nasdaq lost 25.15 points, closing...

Stocks Rise on Job, Price Data
 Stocks Rise on Job, Price Data 
MARKET Open
Feb 19, 2009 8:52 AM CST

Stocks Rise on Job, Price Data

(Newser) - Stocks climbed at the open, following jobless claims and wholesale price reports that, for once, didn’t contain any nasty surprises. The Dow was up 35 points, while the Nasdaq and S&P each rose about 0.8%. The producer-price index rose 0.8% in January, reflecting a widespread rise...

Stocks Mixed; Dow Up 3 Points
 Stocks Mixed; Dow Up 3 Points 
MARKETS
Feb 18, 2009 3:17 PM CST

Stocks Mixed; Dow Up 3 Points

Greenspan comments on nationalization keep financials down

(Newser) - Stocks vacillated between minor gains and losses today, perking up slightly after President Obama announced his housing plan, MarketWatch reports. Financials continued to slide after Alan Greenspan suggested in a Financial Times interview that bank nationalization would be the “least bad” way to solve the crisis. The Dow gained...

Stocks Flat Despite Housing Plan
 Stocks Flat Despite 
 Housing Plan 
MARKET Open
Feb 18, 2009 8:49 AM CST

Stocks Flat Despite Housing Plan

(Newser) - Stocks barely budged at the open today, as optimism over President Obama’s home foreclosure plan was canceled out by grisly housing numbers. The Dow inched up a handful of points, while the Nasdaq and S&P each gained about 0.5%. Housing starts fell 16.8% in January, much...

Dow Plunges Nearly 300
 Dow Plunges Nearly 300 
Feb 17, 2009 3:14 PM CST

Dow Plunges Nearly 300

Global markets set losing tone for NYSE

(Newser) - Stocks plunged today as President Obama signed the economic stimulus package into law, MarketWatch reports. With a negative tone set by losses in the overseas stock markets, financials led declines, with Bank of America, Citigroup, JP Morgan Chase, and American Express all down at least 9%. The Dow lost 297....

Stocks Plummet on Global Panic
 Stocks Plummet on 
 Global Panic 
MARKET Open
Feb 17, 2009 8:54 AM CST

Stocks Plummet on Global Panic

(Newser) - Stocks fell at the open, as investors continued to fret about the financial system. The Dow dropped 150 points, while the Nasdaq and S&P lost around 2.9% each. The declines follow similar losses overseas, with the Nikkei down 1.4%, the Shanghai Composite down 2.9% and the...

Dow Ends Bad Week Down 82
 Dow Ends Bad Week Down 82 
MARKETS
Feb 13, 2009 3:23 PM CST

Dow Ends Bad Week Down 82

Energy firms see gains on oil rally

(Newser) - Stocks fell today after treading water for most of the session, the Wall Street Journal reports. Financials fell, but a rise in energy stocks spurred by a $3.53 gain in the price of oil buoyed indices somewhat. The House passage of the stimulus plan seemed to have little effect...

Stocks Tread Water
 Stocks Tread Water 
MARKET Open
Feb 13, 2009 8:49 AM CST

Stocks Tread Water

(Newser) - Stocks were mixed at the open today, as uncertainty over the government’s rescue plan continued to nettle investors, the Wall Street Journal reports. Stocks vacillated between gains and losses, with the Dow recently down 26 points, and the S&P and Nasdaq down about 4 points each. Among individual...

Stocks Mixed, Dow Down 6.7
 Stocks Mixed, Dow Down 6.7 
MARKETS
Feb 12, 2009 3:25 PM CST

Stocks Mixed, Dow Down 6.7

Obama mortgage plan helps stocks recover

(Newser) - Stocks ended mixed today, recovering from sharp losses on reports that the Obama administration is planning a program to subsidize mortgage payments for some homeowners, the Wall Street Journal reports. Nonetheless, continued uncertainty over how the Treasury’s rescue plan will value the so-called “toxic” assets kept bank stocks...

Stocks Plunge Despite Retail Surge
 Stocks Plunge Despite 
 Retail Surge 
MARKET Open
Feb 12, 2009 8:56 AM CST

Stocks Plunge Despite Retail Surge

(Newser) - Stocks plunged at the open this morning, despite a surprisingly good retail sales report, the Wall Street Journal reports. Retail sales unexpectedly rose 1% in January, ending a seven-month slide, but the Dow tumbled more than 150 points at the open anyway. The S&P shed 1.7% and the...

Dow Up 50 on Stimulus Deal
 Dow Up 50 on Stimulus Deal 
MARKETS
Feb 11, 2009 3:21 PM CST

Dow Up 50 on Stimulus Deal

Stocks stage mild recovery after yesterday's rout

(Newser) - Stocks posted mild gains today, MarketWatch reports. The indices had fallen to losses but headed up again after Harry Reid announced that the Senate had reached an agreement on the stimulus package. Beleaguered banks Citigroup and Bank of America  were both up 8% after yesterday’s sell-off. The Dow rose...

Stocks Rebound Slightly
 Stocks Rebound Slightly 
MARKET Open
Feb 11, 2009 8:47 AM CST

Stocks Rebound Slightly

From yesterday's massacre

(Newser) - Stocks limped higher today, with the Dow up 75 points after yesterday’s 382 point massacre. A 2.9% financial sector rally led the S&P 0.8% higher, but unease remains over the lack of details in Timothy Geithner’s new economic rescue plan. The Nasdaq, meanwhile, inched up...

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