S&P 500

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Dow Tumbles Over 300 Points
Dow Tumbles Over 300 Points

Dow Tumbles Over 300 Points

Stocks slide on subprime worries, Nasdaq and S&P see huge losses

(Newser) - The Dow Jones lost 2.25% of its value today, after continuing subprime concerns, poorer-than-expected housing numbers, and a dearth of positive earnings reports scared traders off from recent rallies. The index was down 311.50 to 13473.57, though at one point its losses surpassed its worst close this...

Earnings, Subprimes Sink Stocks
Earnings, Subprimes
Sink Stocks

Earnings, Subprimes Sink Stocks

Dow falls 226.47 after lackluster reports, increased negativity

(Newser) - The Dow slid 226.47—nearly 2%—back to 13716.95 today, after mediocre earnings reports helped deflate a giddy mood and remind traders of persistent woes from the subprime sector. American Express reported lower-than-expected second-quarter earnings dampened by higher marketing costs; DuPont also released disappointing numbers.

Merck News Gives Markets Shot in the Arm

Dow rises 92.34 on component's earnings, big oil merger

(Newser) - Stocks rallied across the board today, after a number of major buyouts and earnings reports diverted traders' attentions from the foundering subprime market and an enervated dollar once again. The Dow was up 2.34 to 13943.42 after drug-maker Merck, a major component of the index, reported its best...

Market Backs Off Milestone
Market Backs Off Milestone

Market Backs Off Milestone

After flirtation with 14K, reality bites

(Newser) - A week of record highs ended with a thump today as the major markets plummeted after a flurry of disappointing quarterly earnings reports. The Dow, which crested 14,000 yesterday, dropped 149.33 to close at 13,851.08, off more than 1%. The S&P 500, beset by worries...

Stocks Drop on Fed Chief's Mixed Report

Tech earnings, Bear Stearns, Bernanke send Dow tumbling 53.33

(Newser) - US markets sank today after two Bear Stearns hedge funds were revealed to be worthless and the Fed Chairman expressed concerns about the stability of the economy. Testifying before the House, Ben Bernanke said he expects growth next year, but stressed that the sinking housing market continues to saddle the...

Retail Reports Catapult Markets
Retail Reports Catapult Markets

Retail Reports Catapult Markets

Dow's 283.86 point gain is biggest in 5 years; Rio Tinto buys Alcan

(Newser) - The Dow soared 283.86 points to 13861.73 today, its largest single-day rally since 2002 and another record close. Traders ignored ongoing bearish rumors from the subprime sector, focusing on better-than-expected June reports from a host of retailers including Wal-Mart, J.C. Penney and American Express.

Deals Excite Nervous Markets
Deals Excite Nervous Markets

Deals Excite Nervous Markets

Dow up 126.81; private-equity boom not over yet; oil has highest close since August

(Newser) - The Dow rose 126.81 points to 13535.43 today, as several big deals assuaged traders worried the recent LBO spate is coming to an end. Chief among them, the Journal's Market Watch reports, was a $32.6B buyout of BCE, Canada's largest telecom, by a consortium including two US...

Mortgage Worries Drive Markets Down
Mortgage Worries Drive Markets Down

Mortgage Worries Drive Markets Down

Exchanges sink on subprime woes; Blackstone jumps in debut

(Newser) - The major exchanges plummeted today, wrapping up a week of seesawing during which the Dow and the S&P 500 lost about 2% and the Nasdaq fell 1.4%. Even Bear Stearns' announcement that it will bail out a hedge fund entangled in subprime loans couldn't stop the bleeding. The...

Dow Hits New High
Dow Hits New High

Dow Hits New High

Blue-chip average flirts with 13,000; S&P 500, Nasdaq reach 6-year peaks

(Newser) - The Dow closed at a record high of 12,961.98 today, gaining 153.35 points as it rode a wave of positive earnings reports that pushed the S&P 500 and the Nasdaq to six-year highs, too, CNN reports. The Dow reached an all-time high of 12,966.29...

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