Stock Market Closes at Highest Since 2008
The U.S. stock market closed at its highest levels in two years! You still don't have a job, though.
Misery Returns to Wall Street
So much for that little rally last week. The Dow Jones industrial average fell 290 points today, making it the biggest one-day selloff in more than 2 months, and the S&P shed more than four percent. Jim Cramer deceives us once again! [CNN, WSJ, NYT]
Big Day on Wall Street
The markets were pretty pleased with Washington's new plan to shore up the banking system: The Dow Jones industrial average surged 497 points, or nearly 7 percent, turning in its biggest one-day point gain since November 21. Given everything that has happened over the last few months, you might think analysts would…
Wall Street Bucks Superstition
So much for Friday the 13th, at least as far as the market's concerned: Stocks were up for a fourth consecutive day, making it the best week for the three major indexes since November. [MW]
Stock Market Rises Big—Again!
It sure is nice to see positive news for a change! Stocks advanced for a third straight day with the Dow Jones Industrial Average closing up 239 points. One reason for the boost: People are shopping again! Actually, they're not really shopping; they're just cutting back a little bit less than they did before. Retail…
Dow Gains 375 Points
The stock market was up big today! Hard to imagine, huh? The Dow closed up more than 375 points, its biggest gain since November, following encouraging comments by Fed chair Ben Bernanke, news that Citigroup had turned a profit during the first two months of '09, and hints that the government planned to reinstate…
Another Losing Session
It was another crappy day on Wall Street. The Dow fell 281 points, or 4.1 percent, and shares of Citigroup dropped below a dollar this morning before closing out the session at $1.02. You won't find much good news on the job front: A new report indicates the city has seen a whopping 85,400 jobs vanish since August. So…
Wall Street Snaps Losing Streak
A bit of good news, at last. The markets snapped a five-day losing streak today with the Dow jumping 150 points, or 2.2 percent, and the S&P 500 gaining 2.4 percent. Don't get too excited, though. Investors are already bracing for the monthly employment report, which the Department of Labor will release on Friday and…
Another Horrible Day on Wall Street
Dow Below 6,800; Lowest Close Since '97 [NYT]
Dow Falls Below 6800 Amid Broad Retreat [WSJ]
Dow below 7,000 [CNN Money]
It's May 7, 1997 All Over Again
The markets took another tumble today with the Dow dropping 250 points to close at its lowest point since May 7, 1997. You remember May 7, 1997, don't you? No? Rudy Giuliani was trying to push through a round of tax cuts, Garry Kasparov was facing off against Deep Blue, Oklahoma City bomber Tim McVeigh was still in…
A New Low for the Dow
The Dow Jones industrial average tumbled to its lowest close in more than six years today, dropping 89.68 points, or 1.2%, to close at 7,465. Financial stocks were the hardest hit: Citigroup closed at $2.51, the lowest it's been in the bank's history. American Express dropped 8.7% to end the day at $12.87, a level it…
Obama's Housing Rescue, Automakers Come for More
• President Obama is unveiling a $75 billion plan today to help struggling homeowners. A press conference is scheduled for 12:15pm. [WSJ, NYT, CNN]
• The Dow fell 3.8% yesterday to close at its lowest point since November. How today goes hinges on the response to Obama's housing rescue plan. [CNN]
• More on the life…
Another Dark Day on Wall Street
• Stocks are down sharply today over concern about the deepening recession. The stimulus package last week? So much for it restoring confidence. [BN, WSJ]
• Need more proof of mismanagement at Citigroup? Chuck Prince was ousted as CEO 15 months ago but he still has an office and secretary at the company. So does John…
Ugly Day on Wall Street
Is it something he said? Despite Barack Obama's upbeat message and the enthusiasm of millions of shivering onlookers, the Dow tumbled 332 points today to close at 7,949. Financial stocks were the hardest hit: Bank of America, JPMorgan Chase, and Citigroup all suffered double-digit declines, with shares of Citi dipping…
Stocks Take Another Hit
The market tanked once again today: The Dow dropped more than 400 points to close below 8,000 for the first time since March 2003. We'd share with you some good news, but we're not sure there is any, so you'll have to dream something up yourself. [CNNMoney]
Markets Soar, But the Outlook Remains Bleak
It was another roller coaster of a day on Wall Street. After falling more than 400 points this morning, the Dow rebounded in the last three hours of trading, closing up 552 points, making it the third best single-session point gain in history. (Both the S&P and Nasdaq were up more than 6 percent.) Don't let the…
More Losses, More Layoffs
It was another down day on Wall Street. The Dow fell 176 points, or 2 percent, and both the S&P and Nasdaq shed 2.2 percent. Naturally, a handful of companies announced a round of fresh layoffs: As many as 60 employees of Condé Nast's Internet division were reportedly let go; an estimated 20 percent of CurrentTV's…
Thanks, Barack
The market was up big yesterday as investors looked forward to an end to the political uncertainty in Washington. Now they're back to reality, apparently. The Dow tumbled 486 points today amid "renewed worries about the struggling economy." [CNNMoney]
Stocks Rise as Election Day Ends
Stocks were up as the uncertainty surrounding the race for the White House came to an end. The Dow was up 305 points; the S&P crossed the 1,000 mark for the first time since October 13. [Reuters]
