Dow Jones

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Dow Surges 220 to Pre-Lehman Levels
 Dow Surges 220 
 to Pre-Lehman Levels 
MARKETWATCH
Nov 4, 2010 3:18 PM CDT

Dow Surges 220 to Pre-Lehman Levels

Investors cheer Fed's $600B plan

(Newser) - The Dow Jones surged 220 points to close at 11,435—a few points beyond the levels it hit before the collapse of Lehman Brothers kicked off the international financial crisis in 2008. Investors were spurred to action by the Fed's $600 billion quantitative easing plan, which they are betting...

GDP Grows 2% in 3Q
 GDP Grows 2% in Q3 
Oct 29, 2010 8:54 AM CDT

GDP Grows 2% in Q3

Growth fits economists' predictions

(Newser) - The economy grew slightly faster over the summer as Americans spent a little more freely: The GDP grew at a 2% rate during the third quarter, in line with what economists had forecast. It marks a slight improvement over last quarter, when the GDP grew at a 1.7% rate....

Dow Cracks 11K for First Time Since May

Investors think Fed will move to prop up economy

(Newser) - Stocks are rising after another weak report on unemployment added to expectations that the Federal Reserve will step in to prop up the US economy. The Dow Jones industrial average climbed above 11,000 this morning for the first time since early May. At midday, the Dow was up 53,...

Dow Plunges on Fears Over Europe, Korea

May close below 10,000

(Newser) - The Dow opened below 10,000 today—a mark it hasn't closed below since February—as investors panicked over the conflict between North and South Korea and instability in European banks. The Dow fell 238 points, while the S&P and Nasdaq dropped 23 and 53 points respectively, according to...

SEC Now Thinks Mishmash System Sparked Mayhem

Exchange differences exacerbated plunge

(Newser) - As markets open today, the cause of last week's trading chaos remains unclear, but investigators believe mismatches in rules between the NYSE and newer electronic exchanges, combined with fast, complex computer trading systems, triggered the panic. The sudden drop of a futures contract on the Chicago Mercantile Exchange appears to...

Typo, Glitches, Panic Blamed for Stock Market Mayhem

'Fat finger trade' likely triggered trader panic

(Newser) - What's known in the business as a "fat finger" trade may have been responsible for yesterday's stock market chaos, analysts say. Multiple sources believe a trader at a major firm—possibly Citigroup—hit a "B" instead of an "M" while trading Procter & Gamble shares, selling a...

SEC Probing Possible Stock Chaos Shenanigans

Time to crack down on algorithm trading, lawmakers say

(Newser) - The SEC is on the trail of securities traders who might have "accidentally or maliciously" triggered yesterday's stock market see-sawing, insiders tell Bloomberg , or exploited it to profit illegally. The SEC and the Commodities Futures Trading Commission said after markets closed yesterday that they plan a joint probe into...

Nasdaq Cancels Trades From Crazy 20 Minutes
 Nasdaq Cancels 
 Trades From 
 Crazy 20 Minutes 

STOCK MARKET MELTDOWN
May 7, 2010 3:09 AM CDT

Nasdaq Cancels Trades From Crazy 20 Minutes

Swings of over 60% will be wiped out

(Newser) - Nasdaq plans to wipe some of yesterday's wildest stock market activity from the books. The stock exchange operator is canceling trades of 286 stocks that went up or down by over 60% in the 20 minutes beginning at 2:40 pm, Reuters reports. The shares affected include Accenture, which fell...

Asian Markets Reeling
 Asian Markets Reeling 
May 7, 2010 2:02 AM CDT

Asian Markets Reeling

Stocks dive amid hectic trading

(Newser) - Asian markets plunged across the board this morning as worries about the Greek debt crisis and yesterday's stunning Wall Street plunge sparked a huge sell-off. Traders are still baffled by yesterday's events, and market conditions are "hectic and confused," said one securities trader in Tokyo, where the Nikkei...

Don't Blame Greece; Market Was 'Ripe for a Fall'

If Greek worries were the cause, gold wouldn't be soaring

(Newser) - For months now, traders have suspected that the bullish market is heading for a big correction. We may have just seen step one, writes Mark Hulbert at MarketWatch . Lots of people are blaming Greek debt fears for today's turbulence , but they should instead look to the gold market. "If...

Dow Drops 348 in Volatile Day
 Dow Drops 348 
 in Volatile Day 
MARKETS
May 6, 2010 3:19 PM CDT

Dow Drops 348 in Volatile Day

Market was down nearly 1,000 points in afternoon

(Newser) - Wall Street was in full panic mode today, as a drastic sell-off saw the Dow off nearly 1,000 points just one hour before the close, MarketWatch reports. A quick rebound followed, however, to less severe numbers. The Dow finished down 348 points at 10,520; Nasdaq fell 83 points...

Web Can't Keep Up With Whipsawing Market

Financial sites went down, and even tweets were outdated

(Newser) - The stock market whipsawed so quickly this afternoon—a quick plunge to nearly 1,000 in the red, followed by an equally quick rebound of about 500 points—that the Internet just couldn't keep up. "It appears that under the weight of just about everyone checking the web to...

Dow Drops 13, Pharma Lags
 Dow Drops 13, Pharma Lags 
MARKETS
Mar 12, 2010 3:25 PM CST

Dow Drops 13, Pharma Lags

UMich/Reuters consumer sentiment index falls

(Newser) - Stocks ended the week mixed with some gains in basic materials but sagging health care stocks, led by Pfizer, which released disappointing results from trials of a breast-cancer drug, the Wall Street Journal reports.
  • The Dow gained 13 points to close at 10,625.
  • The Nasdaq lost a point to
...

Dow Rises 45 on Citigroup Optimism
 Dow Rises 45 on 
 Citigroup Optimism 
MARKETS
Mar 11, 2010 3:24 PM CST

Dow Rises 45 on Citigroup Optimism

CEO Vikram Pandit confident government will sell Citi stake

(Newser) - A possible move by China to tighten monetary policy sapped stocks today, but optimistic comments from Citigroup's CEO led the indexes higher in the final hour, the Wall Street Journal reports.
  • The Dow added 45 points to close at 10,612.
  • The Nasdaq gained 10 points, closing at 2,368.
...

Dow Up 3; Financials Climb
 Dow Up 3; Financials Climb 
MARKETS
Mar 10, 2010 3:17 PM CST

Dow Up 3; Financials Climb

Investors predict payroll gains for March

(Newser) - Gains in financial stocks kept the markets afloat today. Both AIG and Citigroup closed up, in part because of a successful offering of $2 billion in trust preferred securities, the Wall Street Journal reports.
  • The Dow gained 2.95 points to close at 10,567.33.
  • The Nasdaq added 18.
...

Dow Up 12; Day's Gains Fizzle
 Dow Up 12; Day's Gains Fizzle 
MARKETS
Mar 9, 2010 3:20 PM CST

Dow Up 12; Day's Gains Fizzle

Merck drops on health-care uncertainty

(Newser) - Stocks lost hold of the day's gains as investors pulled out of commodity producing stocks. Alcoa led Dow lower with a 1.3% decline, the Wall Street Journal reports.
  • The Dow gained 12 points to close at 10,564.
  • The Nasdaq rose 8 points, closing at 2,341.
  • The S&
...

Dow Falls 14; Cisco Boosts Tech
 Dow Falls 14; 
 Cisco Boosts Tech 
MARKETS
Mar 8, 2010 3:22 PM CST

Dow Falls 14; Cisco Boosts Tech

Low-volume day 'slowest of the year,' Miller Tabak strategist says

(Newser) - Cisco Systems led the tech sector ahead of a major announcement tomorrow, but the rest of the markets dragged today as investors tried to gauge the state of the global economy, the Wall Street Journal reports.
  • The Dow lost 13.68 points to close at 10,552.52.
  • The Nasdaq
...

Dow Up 122 on Jobs Report
 Dow Up 122 on Jobs Report 
MARKETS
Mar 5, 2010 3:19 PM CST

Dow Up 122 on Jobs Report

Unemployment rate holds at 9.7%

(Newser) - A better-than-expected jobs report fueled a rally in stocks to close out the week. Nonfarm payrolls fell by 36,000 in February, far less than the predicted level of 75,000, the Wall Street Journal reports.
  • The Dow gained 122.06 points to close at 10,566.20.
  • The Nasdaq
...

Dow Up 47, Returns to Black for 2010
 Dow Up 47, Returns 
 to Black for 2010 
MARKETS
Mar 4, 2010 3:21 PM CST

Dow Up 47, Returns to Black for 2010

Investors await tomorrow's unemployment report

(Newser) - A spate of analyst upgrades for companies including Walt Disney, Coca-Cola, and Boeing led to modest advances for stocks today, as investors look ahead to tomorrow's unemployment report, the Wall Street Journal reports.
  • The Dow gained 47 points to close at 10,444, putting it back into the black (by
...

Dow Down 9 as Health Stocks Drop
 Dow Down 9 as 
 Health Stocks Drop 
MARKETS
Mar 3, 2010 3:15 PM CST

Dow Down 9 as Health Stocks Drop

Early gains on jobs report evaporate

(Newser) - Stocks turned negative going into the close, led by the health care sector. Investors weighed the effects of reform, and Pfizer lost big after a study showed a promising Alzheimer's drug to be ineffective, the Wall Street Journal reports.
  • The Dow Jones fell 9 points to close at 10,397.
...

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