News

U.S Stocks Surge
U.S. stocks surged, extending the biggest two-day global rally since 1970, as the government moved to halt the credit-market seizure and regulators cracked down on investors seeking to drive down shares of financial companies.
Published on 2008-09-19

Bank Fears Hit Stocks
U.S. stocks extended losses on Wednesday, sending the S&P 500 and the Nasdaq off more than 3 percent, as a spike in inter-bank lending rates fanned fears that credit might be drying up in the global financial system.
Published on 2008-09-17

U.S. Stocks Drop for a Second Day
U.S. stocks declined for a second day after a record jump in overnight lending rates and the credit downgrades of American International Group Inc. showed strains on the financial system are intensifying.
Published on 2008-09-16

S&P 500 Sinks Most Since 2001 Terror Attacks
U.S. stocks tumbled, pushing the Standard & Poor's 500 Index to the steepest drop since the September 2001 terrorist attacks, as Lehman Brothers Holdings Inc.'s bankruptcy and declining commodities increased speculation that credit-market losses and the economic slowdown will worsen.
Published on 2008-09-15

U.S. Stocks Fell
U.S. stocks fell, paring the biggest monthly gain since April, as consumer spending slumped and lower- than-estimated earnings from Dell Inc. dragged down technology companies.
Published on 2008-08-29

U.S. Stocks Rally
U.S. stocks climbed for a third day, led by manufacturers and financial companies, after growth in exports helped the economy expand faster than estimated in the second quarter.
Published on 2008-08-28

U.S. Stocks Gain on Durable Goods
U.S. stocks rose for a second day after orders for durable goods unexpectedly advanced in July and analysts said new investments by Fannie Mae and Freddie Mac will boost their earnings.
Published on 2008-08-27

U.S. Stocks Drop
U.S. stocks fell for the first time in four days as a Kansas bank's failure and speculation AIG Inc. will post a loss heightened concern that credit writedowns will keep rattling the financial system.
Published on 2008-08-25

U.S. Stocks Retreat on Price Report, Housing Data
U.S. stocks declined for a second day after wholesale prices rose twice as fast as economists estimated, housing starts fell and concern grew that the nation's biggest financial firms will post more losses.
Published on 2008-08-19

U.S. Stocks Fall on Banking Concern
U.S. stocks fell for the first time in three days after JPMorgan Chase & Co. said it may post more credit losses, pushing the worldwide costs for the collapse of the subprime mortgage market to more than $500 billion.
Published on 2008-08-12

U.S. Stocks Retreat on Accelerating Inflation
U.S. stocks fell for a third day, led by financial shares, after the government reported the fastest jump in consumer prices since 1981 and Europe's biggest bank said bad loans are increasing in North America.
Published on 2008-08-04

U.S. Stocks Rally
U.S. stocks rallied, led by the biggest gain in energy shares in six years, after oil jumped by more than $4 a barrel and a private report showed an unexpected increase in jobs.
Published on 2008-07-30

U.S. Stocks Advance
U.S. stocks rose for a second day as oil retreated, lawmakers moved closer to shoring up the mortgage industry and earnings reports from AT&T Inc. and Pfizer Inc. eased concern that the profit slump will worsen.
Published on 2008-07-23

U.S. Stocks Decline
U.S. stocks dropped, sending the Standard & Poor's 500 Index to the lowest since 2005, as a plunge in oil dragged down energy shares and investors lost confidence in the government's plan to rescue Fannie Mae and Freddie Mac.
Published on 2008-07-15

U.S. Stocks Fall, Led by Biggest Drop in Financials Since 2000
U.S. stocks fell, sending financial shares to their biggest drop in eight years, on heightened concern that bank failures will spread.
Published on 2008-07-14

S&P 500 Falls into a Bear Market
US financial stocks on Wednesday suffered their worst one-day fall since the credit crisis began nearly a year ago, pushing the S&P 500 into official bear market territory.
Published on 2008-07-10

Most U.S. Stocks Fall as Banks Slump for 3rd Day
Most U.S. stocks fell for a third day, capping the market's worst month in six years, on concern that deepening mortgage losses will force more banks to cut dividends or sell shares at a discount.
Published on 2008-06-30

U.S. Stocks Slump
U.S. stocks fell a second day, pushing the DJI to the brink of a bear market, on concern subprime-related writedowns at banks will worsen and record oil and a slowing economy will prolong the worst profit decline since 2002.
Published on 2008-06-27

U.S. Stocks Drop on Oil's Surge
U.S. stocks slid to a three-month low, led by consumer and technology companies, as threats of increased violence in the Middle East sent oil prices higher and analysts said demand for electronics may weaken.
Published on 2008-06-20

U.S. Stocks Plunge
U.S. stocks tumbled, sparking the Dow Jones Industrial Average's worst sell-off in 15 months, after a jump in the unemployment rate and a $10-a-barrel rise in oil heightened concern the economy will sink into a recession.
Published on 2008-06-06

U.S. Stocks Drop, Led by Financials
U.S. stocks fell for the first time in five days after Wachovia Corp. ousted its chief executive officer and Standard & Poor's lowered its debt ratings on three of Wall Street's biggest securities firms.
Published on 2008-06-02

U.S. Stocks Extend Gain After Fed Cuts Lending Rate
U.S. stocks extended gains after the Federal Reserve cut its benchmark interest rate for the seventh time since September to spur economic growth.
Published on 2008-04-30

U.S. Stocks Gain on Earnings
U.S. stocks rose the most in two weeks as better-than-forecast profits from Intel Corp., JPMorgan Chase & Co. and Wells Fargo & Co. eased concern that the slowing economy is dragging down earnings.
Published on 2008-04-16

Jobs Data Add to Gloom on Wall Street
Wall Street stocks fell in midday trading on Thursday as investors digested comments from the Fed chairman that the US economy could contract in the first half of the year and after a raft of data that supported the premise.
Published on 2008-04-03

U.S. Stocks Gain
U.S. stocks rose for the first time in four days, led by banks and brokerages, after Treasury Secretary Henry Paulson proposed expanding the Federal Reserve's power to prevent future financial crises.
Published on 2008-03-31

U.S. Stocks Drop
U.S. stocks extended declines after consumer confidence tumbled, analysts said mortgage-related writedowns will keep reducing earnings at Wall Street firms and home prices in 20 U.S. metropolitan areas fell in January by the most on record.
Published on 2008-03-25

U.S. Stocks Drop
U.S. stocks retreated, erasing half of yesterday's rally, after plunging commodity prices sent oil and mining companies lower and an insurer tried to cancel $3.1 billion in protection on Merrill Lynch & Co. mortgage bonds.
Published on 2008-03-19

U.S. Stocks Surge
U.S. stocks rallied the most in five years after the Federal Reserve cut its benchmark interest rate and Lehman Brothers Holdings Inc. said it has more than enough capital to survive.
Published on 2008-03-18

U.S. Stocks Drop for a Second Day
Most U.S. stocks fell for a second day, led by banks and energy companies, as investors speculated the Federal Reserve's emergency discount-rate cut and bailout of Bear Stearns Cos. won't be enough to forestall a recession.
Published on 2008-03-17

JPMorgan Chase Buys Bear Stearns for $240 Million
JPMorgan Chase & Co. agreed to buy Bear Stearns Cos. for about $240 million, less than a 10th of its value last week, after a run on the company ended 85 years of independence for Wall Street's fifth-largest securities firm.
Published on 2008-03-16

U.S. Stocks Retreat on Recession Concern
U.S. stocks fell for the fourth time in five days on concern the Federal Reserve will fail to prevent a recession as oil climbed above $110 a barrel, pushing down refiners, retailers and banks.
Published on 2008-03-12

U.S. Stocks Advance Most in Five Years
U.S. stocks rallied the most in five years after the Federal Reserve said it will pump $200 billion into the financial system to shore up banks battered by mortgage- related losses.
Published on 2008-03-11

U.S. Stocks Retreat, Led by Financials
U.S. stocks fell for a third day to the lowest level since 2006, led by a plunge in financial shares, on speculation earnings estimates will prove to be too high as the economy slows and credit losses spread.
Published on 2008-03-10

U.S. Stocks Decline on Economic Concern
U.S. stocks tumbled, capping the market's fourth-straight monthly drop, after a report showed business activity fell to the lowest level since 2001 and UBS AG said losses in credit markets may top $600 billion.
Published on 2008-02-29

U.S. Stocks Advance
U.S. stocks advanced for a fourth day, rebounding from an earlier decline, after Federal Reserve Chairman Ben S. Bernanke said the central bank would act quickly to prop up the nation's slowing economy.
Published on 2008-02-27

U.S. Stock-Index Futures Fall
U.S. stock-index futures retreated after wholesale prices rose more than expected in January, boosting concern that inflation may keep accelerating even as the economy slows.
Published on 2008-02-26

U.S. Stocks Drop on Bank Downgrades
U.S. stocks declined, paring the biggest weekly gain in five years, after analysts advised selling banks and other lenders as the U.S. economy slows.
Published on 2008-02-04

US Stocks Retreat as US Growth Slows
Wall Street stocks retreated on Wednesday after US economic growth rose far less than expected in the fourth quarter, making 2007 the weakest year for the economy in five years.
Published on 2008-01-30

US Stocks on Course to End Week Higher
US stocks were trading higher for the third consecutive session on Friday, repairing more of the damage inflicted in January.
Published on 2008-01-25

U.S. Stocks Gain on Earnings
U.S. stocks gained for a second day after Xerox Corp., Lockheed Martin Corp. and Union Pacific Corp. posted earnings that topped analysts' estimates and jobless claims unexpectedly fell.
Published on 2008-01-24

Wall St Rebounds on Talk of Credit Rescue
US stocks staged a powerful late rally on Wednesday amid talk of a government-brokered rescue plan for credit insurers, ending a day of exceptional market volatility across the world.
Published on 2008-01-23

U.S. Stocks Fall for Sixth Day
U.S. stocks fell for a sixth day, the longest losing streak since April 2002, after forecasts that trailed estimates at Apple Inc. and Motorola Inc. fueled concern consumers are spending less as the economy slows.
Published on 2008-01-23

Market Falls on Recession Worries
Stocks fell on Tuesday as fears of a recession gripped investors and pushed the Nasdaq briefly into bear market territory.
Published on 2008-01-22

U.S. Stocks Post Steepest Drop Since July 2002
U.S. stocks posted the steepest weekly drop since July 2002 after lower-than-estimated home construction, retail sales and manufacturing reinforced speculation that the economy is entering a recession.
Published on 2008-01-19

US Stocks Sink Amid Recession Fears
US stocks sank to their lowest since October 2006 amid fears that a contraction in US manufacturing may tip the economy into recession and as new residential construction fell to its lowest level in 17 years.
Published on 2008-01-17

U.S. Stocks Decline on Citigroup's Loss, Drop in Retail Sales
The U.S. stock market resumed its January tumble after Citigroup Inc. reported a record loss, retail sales unexpectedly dropped and falling oil prices dragged down energy shares
Published on 2008-01-15

U.S. Stocks Rise for First Time in 2008
U.S. stocks advanced for the first time this year, led by utilities and drugmakers, as investors snapped up companies least affected by an economic slowdown.
Published on 2008-01-07

U.S. Stocks Drop, DJI to Worst Start Since 1983
U.S. stocks tumbled, led by banks and computer companies, after the biggest decline in manufacturing in five years sent the Dow Jones Industrial Average to its worst start since 1983.
Published on 2008-01-02

U.S. Stocks Drop on Economic Concern
U.S. stocks fell the most in a week after government reports on durable goods and employment heightened concern growth is slowing and an analyst predicted Citigroup Inc. will cut its dividend by 40 percent.
Published on 2007-12-27

Futures Inch off Lows on Retail Sales
Stock index futures were lower on Thursday but well off session lows as Wall Street weighed stronger-than-expected retail sales data against a report showing wholesale inflation rose more than expected.
Published on 2007-12-13

Central Banks Step in to Attack Credit Crisis
The world’s central banks on Wednesday unleashed a co-ordinated assault on the liquidity squeeze in global capital markets. The Federal Reserve, European Central Bank, Bank of England, Bank of Canada, and the Swiss National Bank all announced measures to attack the liquidity crisis.
Published on 2007-12-12

Credit Jitters Hit Global Stocks and Dollar
Jitters about the U.S. economy and the credit crisis kept investors away from riskier assets on Tuesday, sending stocks sharply lower and boosting the Japanese yen against higher-yielding currencies.
Published on 2007-12-04

U.S Market Plunge on Credit Woes
Stocks tumbled on Monday as investors worried rising mortgage defaults and credit market losses will drag on the economy, fueling fears that consumers will slash spending during the vital holiday season.
Published on 2007-11-26

What May Influence U.S Stocks this Week?
This week we will have new data on an already depressed housing sector. Key concerns are centered on whether the dollar falls through $1.50 against the euro and whether oil hits $100 per barrel.
Published on 2007-11-25

Fears of Slowdown in U.S. Hit Markets
A growing realisation that the global economy will not escape a US slowdown saw stocks around the world tumble on Wednesday while investors sought safety in government bonds.
Published on 2007-11-21

U.S. Stocks Rebound from Three-month Lows
U.S. stocks rose, rebounding from three-month lows, after record oil prices boosted energy companies and Credit Suisse Group said shares of Google Inc. may reach $900 in the coming year.
Published on 2007-11-20

Citi Downgrade Rattles Wall Street
The Dow and the S&P 500 fell to their lowest levels in three months on Monday after a broker downgrade of Citigroup sparked concerns more mortgage losses may lie ahead, compounding doubts about the outlook for the economy.
Published on 2007-11-19

Volatility, Thin Trade Seen Due to Holiday
U.S. Stocks are likely to be volatile next week in trade thinned by the Thanksgiving holiday, with investors focused on an expanded look at the Federal Reserve's view of interest rates and the economy.
Published on 2007-11-18

U.S. Stock Market Ends Higher on Tech
U.S. stocks rose on Friday after a day of sharp price swings, helping the S&P 500 narrowly avert a third straight week of losses as bargain-hunting lifted the beaten-down technology sector while shares of oil companies advanced on buoyant crude prices.
Published on 2007-11-16

Wall St Slides Amid Credit, Housing Fear
U.S. stocks tumbled on Thursday as investors remained skittish about the housing slump's toll on the economy and potential credit losses at big financial services companies.
Published on 2007-11-15

U.S. Market Stumbles on Credit Worries
U.S. stocks fell on Wednesday after an attempt to extend the previous session's huge rally faltered in the face of persistent worry that more fallout from the housing downturn and credit crunch lies ahead.
Published on 2007-11-14

U.S Market Flat as Initial Gains Fade
Stocks were little changed on Wednesday as investor doubt the market would sustain Tuesday's sharp recovery overshadowed comments by Bear Stearns Cos. Inc. that eased some worries about financial sector losses.
Published on 2007-11-14

U.S. Market Advances Most in Two Months
U.S. stocks snapped a four-day losing streak on Tuesday with Nasdaq notching its biggest gain in more than four years after news that Apple Inc was in talks to offer iPhones in China sent investors bargain hunting among battered technology stocks.
Published on 2007-11-13

U.S. Stocks Fall, Led by Oil and Metal Producers
U.S. stocks fell for a fourth day, the longest stretch of declines in eight months, after tumbling oil and metals prices dragged down commodities producers.
Published on 2007-11-12

Wall St. set for slide at open on banks, tech
Stocks headed for a sell-off on Friday on news of large credit losses at the fourth-biggest U.S. bank and worries about the outlook for tech company profits.
Published on 2007-11-09

Wall Street hit by tech and retail stocks
Wall Street stocks were lower at mid-morning on Thursday, with technology shares hit by a sharp slide in Cisco and retailers posting a second straight month of weak sales. The financial sector remained volatile.
Published on 2007-11-08

U.S. Stocks Plunges on Heightened Credit Fears
U.S. stocks fell, erasing their gains since las week Fed's interest-rate cut, after New York expanded its probe of the mortgage industry, General Motors Corp. posted a record loss and the dollar tumbled.
Published on 2007-11-07

US Stocks Gain on Energy
Stocks rose on Tuesday as oil prices topped $97 a barrel and lifted shares of Exxon Mobil and other energy producers, while optimism a day ahead of Cisco Systems earnings drove another rally in technology shares.
Published on 2007-11-06

U.S. Stocks Decline, Led by Financials; Citigroup, Merrill Fall
U.S. stocks tumbled to the lowest in seven weeks after Citigroup Inc. said it may write down an additional $11 billion, heightening concern that financial companies will report more losses tied to subprime home loans.
Published on 2007-11-05

US Market Ends Down Sharply on Credit Worries
Stocks ended sharply lower on Thursday, erasing the previous session's gains, after brokerage downgrades of the two biggest U.S. banks sparked fears of more fallout from the credit crisis. It was the biggest daily percentage loss in the S&P 500 since August 9.
Published on 2007-11-01

U.S. Stocks Gain, Led by Commodity Shares; Exxon, Newmont Rise
U.S. stocks rose for a second day, led by commodities producers, after the price of oil climbed to a record and the slumping dollar made metals more attractive to foreign buyers.
Published on 2007-10-29

Wall Street ends higher on Microsoft and Countrywide
Stocks finished higher on Friday after an increased profit forecast by Microsoft Corp. boosted all three major indexes, while an upbeat outlook by lender Countrywide Financial Corp. stemmed fears of financial-sector losses.
Published on 2007-10-26

Market set to rise on Countrywide, Microsoft
Stocks were set to open higher on Friday after lender Countrywide Financial Corp. said it expects to return to profitability this quarter and Microsoft Corp. raised its profit outlook.
Published on 2007-10-26

Housing data and earnings lift Wall Street
US stocks were higher on Thursday after some positive housing data surprised investors and an array of upbeat earnings helped to dispel concerns about the economy.
Published on 2007-10-25

U.S. Stocks Drop on Merrill Lynch Loss
U.S. stocks declined for the first time in three days after Merrill Lynch & Co. reported a bigger- than-expected loss because of writedowns related to subprime mortgages, dimming the outlook for investment bank earnings.
Published on 2007-10-24

U.S. Stocks Advance on Earnings; Apple, American Express Rally
U.S. stocks rose the most in two weeks after better-than-expected earnings from Apple Inc. and American Express Co. eased concern the housing slump has depressed consumer spending.
Published on 2007-10-23

U.S. Stocks Rise, Led by Technology, Bank Shares; Apple Gains
U.S. stocks rose for the first time in three days after Bear Stearns Cos. got a $1 billion investment from China and investors speculated technology companies will report better-than-forecast earnings.
Published on 2007-10-22

Wall Street set for sharp losses
Wall Street was set for a sharply lower start on Monday, with investors stuck in a bearish mood after last week’s disappointing corporate earnings and worries over the US economy and the credit market.
Published on 2007-10-22

U.S. Stocks Fall Most in 2 Months
U.S. stocks tumbled the most in two months after earnings reports from banks, manufacturers and industrial companies heightened concern about the health of financial markets and the economy.
Published on 2007-10-19

Stocks face earnings and "Black Monday"
Just as earnings season hits full swing next week and investors get their first full taste of how the housing meltdown affected corporate profits, Wall Street will take a moment to recall how the Dow plunged nearly 23 percent on a "Black Monday" 20 years ago.
Published on 2007-10-13

Wall Street Rises on Data
Stocks rose on Friday, helped by data that pointed to tame inflation and strength in consumer spending, while news of a proposed takeover in the software industry lifted technology shares.
Published on 2007-10-12

Nasdaq leads market's drop on Baidu.com note
Stocks sank on Thursday, led by a drop of more than 1 percent in the Nasdaq, as a downbeat brokerage comment on Chinese Internet company Baidu.com Inc. unnerved investors after record highs earlier in the day.
Published on 2007-10-11

World stocks at record high
World stocks stretched to record highs on Wednesday, led by emerging markets, while the dollar slipped on reduced hopes of a new U.S. interest rate cut.
Published on 2007-10-10

Earnings may keep stocks rally alive
Stocks wrapped up their first week of the fourth quarter by touching record highs, and the potential for profits to beat reduced expectations as results start coming in next week may keep the rally alive.
Published on 2007-10-06

Jobs data pivotal for US stocks
After posting solid gains in September, U.S. stocks are once again near all-time highs. But a significant hurdle in the form of monthly payroll data must be cleared next week if the advance is going to carry over to the fourth quarter.
Published on 2007-09-30

U.S. Stocks Rise on Rate-Cut Speculation
U.S. stocks rose for a second day as investors speculated a report on home sales will give the Federal Reserve more reason to continue cutting interest rates.
Published on 2007-09-27

U.S. Stock Futures Advance on Speculation the Fed Will Cut Rates
U.S. stock-index futures advanced on speculation the Federal Reserve will cut its benchmark lending rate by 50 basis points to 4.75 percent. Standard & Poor's 500 Index futures expiring in December added 7 to 1,496.8 as of 8:27 a.m. in New York. Dow Jones Industrial Average futures increased 50 to 13,553 and Nasdaq 100 Index futures advanced 17 to 2,023.
Published on 2007-09-18

Wall St set for defensive start
Wall Street was set for a weak start on Monday, with Microsoft shares down after a European Union court ruling and investors on guard ahead of earnings from investment banks this week
Published on 2007-09-17

U.S. Stocks rally on Strong Earnings Expectations
U.S. stocks rallied after investors back from summer vacation snapped up technology and energy shares on speculation prices haven't caught up with earnings growth.
Published on 2007-09-04

U.S. Stocks Rebound on Profit Outlook
U.S. stocks rebounded from their steepest drop in three weeks after earnings prospects for technology companies improved and energy producers advanced with the price of oil.
Published on 2007-08-29

Markets slide as Fed fails to reassure
Fresh turbulence hit financial markets on Tuesday as warning signs mounted for the US housing market and fears about the fallout from the crisis in credit markets drove volatility.
Published on 2007-08-28

Another volatile week on Wall Street?
Wall Street is heading for another volatile week, but the bulls could get a further reprieve if calm brought on by the Federal Reserve's liquidity injections and a surprise cut in its discount rate lasts.
Published on 2007-08-26

Stocks rise as subprime concerns ease
U.S. stocks rose on Monday suggesting concerns over the strength of credit markets are losing ground. The Dow Jones industrial average rose 0.32 percent to end at 13,121.35. The Standard & Poor's 500 Index edged down 0.03 percent, to finish at 1,445.55
Published on 2007-08-20

Stock Markets Rally After the Fed rate cut
Stock markets in the U.S. and Europe rallied yesterday after the Federal Reserve unexpectedly cut the discount rate to ease a credit crunch. The Standard & Poor's 500 Index rose 34.67, or 2.5 percent, to close at 1,445.94, while the Dow Jones Industrial Average increased 233.3, or 1.8 percent, to 13,079.08.
Published on 2007-08-18

Dow Jones recovers 300 points in the final 45 minutes
The Dow industrials recoverd nearly 300 points in the final 45 minutes to finish the session down by less than 16 points. With volatility near a five year high US stocks recovered from losses early in the day after investors bought financial stocks that looked cheap.
Published on 2007-08-16

Goldman Sachs fights back by putting $3 billion on its hedge fund
Goldman Sachs Group Inc. lined up $3 billion in new capital to bolster its Global Equity Opportunities Fund after it lost $1.4 billion, or 28 percent, in the past two weeks.
Published on 2007-08-13

Stock Markets Fall Worldwide! Recession?
Stocks markets fell worldwide as concern increased that a widening credit crisis may hurt economic growth and earnings across the world. The MSCI World has dropped 7.4 percent since touching a record on July 19 on concern the rout in U.S. subprime mortgages may spill over into the economy, erode earnings growth and curb takeovers.
Published on 2007-08-10

Fed chief acknowledges credit fears
Ben Bernanke acknowledged for the first time on Wednesday that credit concerns were spreading beyond the subprime mortgage market as investors showed their worries with a flight to quality, seeking refuge in government bonds and other safe assets.
Published on 2007-07-18