Stock Market '08

U.S. Stocks Rise, Trimming Worst Yearly Drop Since Depression

Fri, 02 Jan 2009 10:28:19 PST

Dec. 31 (Bloomberg) -- U.S. stocks gained for a second day, trimming losses at the end of the market’s worst year since the Great Depression, as fewer Americans filed for...

2008 by the numbers

Wed, 31 Dec 2008 09:39:14 PST

With one market session left in the year, it now appears as though 2008 will go down in history as the third worst in the 112-year history of the Dow Jones Industrial...

An Optimist Looks Back on a Rough Year

Mon, 29 Dec 2008 10:47:08 PST

It is often said that markets hate uncertainty, but in 2008, one of the few certainties was just that uncertainty. Even investors who believed they had witnessed every...

Gold, Not so Golden in 2008

Mon, 29 Dec 2008 10:39:12 PST

It’s been a terrible year for most major asset classes — stocks, real estate, hedge funds, and commodities. One of the assets that investors might have expected to do a...

August 19: Stocks slide for 2nd day

Mon, 29 Dec 2008 10:18:59 PST

Stocks slumped Tuesday, falling for the second session in a row, as oil prices rose, retailers' earnings disappointed and reports showed falling homebuilding activity and...

Stocks rally for the week, down for the month

Fri, 28 Nov 2008 23:35:49 PST

U.S. stocks end higher, leaving the market with monthly losses but with large gains for a holiday-shortened week that saw investors increasingly confident that much of a...

U.S. Stocks Gain, Capping S&P 500’s Best Weekly Rise Since 1974

Fri, 28 Nov 2008 23:26:21 PST

U.S. stocks gained, capping the biggest weekly advance for the Standard & Poor’s 500 Index in 34 years, on speculation that government bailouts will shore up the economy....

Wall St gains in thin trade, S&P up 12 pct for week

Fri, 28 Nov 2008 23:20:19 PST

* S&P 500 has best week since at least 1980 * Dow marks five straight days of gains * GE, financial sector help lift Dow and S&P * But retailers slip on "Black Friday"...

U.S. Stocks Post Biggest Two-Day Rally Since 1987 on Citigroup

Fri, 28 Nov 2008 23:07:10 PST

Nov. 24 (Bloomberg) -- U.S. stocks posted the biggest two- day rally since 1987 after the government guaranteed $306 billion of troubled Citigroup Inc. assets and...

After a Plunge, Stocks Close Higher - NYTimes.com

Fri, 14 Nov 2008 02:54:50 PST

After slumping to some of its lowest levels of the year, Wall Street soared in a late rally on Thursday and closed significantly higher, during a chaotic session in which...

Wall Street Rallies in Huge, Late-Day Surge

Fri, 14 Nov 2008 02:48:41 PST

Stocks in the U.S. rose off their lows and turned sharply higher into Thursday's close, erasing early losses that had been spurred by a sharp rise in unemployment numbers...

Dow Down 411 on Investor Worries - NYTimes.com

Wed, 12 Nov 2008 14:42:03 PST

Shares on Wall Street tumbled more than 4 percent on Wednesday as frightened investors wondered how long the economic slowdown will last, how deep it will cut, and...

U.S. Stocks Fall on Treasury Strategy Shift, Best Buy Forecast

Wed, 12 Nov 2008 14:29:20 PST

U.S. stocks fell for a third day as the Treasury's plan to use bailout funds to shore up consumer lending and Best Buy Co.'s warning of a ``seismic'' slowdown in spending...

Quick Market Stats: Week Ending 11/7

Sun, 09 Nov 2008 11:15:31 PST

On a week where the US closed the chapter on a historic election, the markets rallied on Friday, up almost 2.5% or greater, however, all the major indices finished the...

Election Day Rally Dies; Stocks Sink 5%

Wed, 05 Nov 2008 23:20:54 PST

U.S. stocks sank hard Wednesday to finish with hefty losses as traders took in some bearish corporate news and dreary economic data, while sizing up their prospects...

Dow industrials close down nearly 500 points; S&P finishes below 1,000

Wed, 05 Nov 2008 23:13:52 PST

U.S. stocks hastened their sharp declines, erasing the largest Election Day gains in more than two decades, as investors pondered the task ahead for President-elect...

Election Rally Erased And Then Some

Wed, 05 Nov 2008 23:08:38 PST

Enthusiasm for Barack Obama's Election Day victory was unable to spark a rally on Wall Street, as sour economic data and profit-taking after Tuesday's run-up marked a...

Wall Street and Obama

Wed, 05 Nov 2008 00:25:09 PST

Whether you take all this as good or bad news probably depends on your political affiliations. Those of you who had thought that Obama will be bad for the economy and the...

Wall Street's Election Day rally

Tue, 04 Nov 2008 13:38:21 PST

Stocks surged Tuesday, with the Dow gaining over 300 points, as millions of Americans battered by the weakened economy turned out to vote for the next President of the...

Why Draaisma is saying Buy, Buy, Buy, Buy

Tue, 04 Nov 2008 09:59:05 PST

Apparently we’ve got the strongest signal to buy equities in six years, according to Morgan Stanley’s super-bear bull Teun Draaisma - a “full house” of indicators that...

Ten people who predicted the financial meltdown

Wed, 29 Oct 2008 01:06:39 PDT

The financial events of recent weeks have filled many of us with shock and panic. Surely no one could have predicted that we would be in this mess? Well, actually, they...

U.S. Stocks Rally, Dow Jones Industrials Climb 889 Points

Wed, 29 Oct 2008 00:48:12 PDT

Stocks rallied and the Dow Jones Industrial Average posted its second-best point gain as the cheapest valuations in 23 years lured investors and increased commercial...

Brighter mood in market sends Dow up 889

Wed, 29 Oct 2008 00:40:11 PDT

Propelled by a feverish end-of-session rally, stocks rebounded dramatically yesterday, pushing the benchmark Dow Jones industrial average up nearly 900 points in its...

Commentary: Eight decades after great crash, confidence still the issue

Wed, 29 Oct 2008 00:31:15 PDT

On Black Thursday, Oct. 24, 1929, Richard Whitney, chief floor broker for J. Pierpont Morgan, strode onto the trading floor of the New York Stock Exchange, where he would...

Big media stocks suffer a dismal month

Wed, 29 Oct 2008 00:14:37 PDT

Two days left, and we have a real shot at making the top 10 list of the worst months for stocks in U.S. history. The S&P 500 is down 19.3% so far in October, already...

Epic Win for Bulls; Dow Soars 889 Points

Tue, 28 Oct 2008 23:58:47 PDT

Stocks in New York thundered higher in the final hour of trading Tuesday to close the day with remarkable gains. The Dow Jones Industrial Average surged 889.35 points, or...

Commentary: Is it 1929 all over again?

Sun, 26 Oct 2008 13:15:00 PDT

Friday marks the 79th anniversary of the day that launched the stock market crash of 1929.

'I remember the Wall Street Crash'

Sun, 26 Oct 2008 13:06:46 PDT

Between 29 October and 13 November 1929, when stock prices hit their lowest point, more than $30bn disappeared from the US economy. As stock values plummeted, investors...

Dow slides 312 points on 79th anniversary of Wall Street Crash

Sun, 26 Oct 2008 13:00:22 PDT

Wall Street clawed back heavy early losses to close down 312.3 points on the 79th anniversary of the Wall Street Crash of 1929 as investors reacted to a global stock...

mona_moolah writes "Vanished Wealth About $600 billion in investor wealth evaporated on Monday, as..."

Sun, 19 Oct 2008 14:58:15 PDT

Vanished Wealth About $600 billion in investor wealth evaporated on Monday, as measured by a 5 percent drop in the broad Wilshire 5000 index. Some $6.1 trillion in investor wealth has been wiped out since the Nasdaq index hit a peak in March 2000. Trading was very heavy with 2.36 billion shares changing hands on the Big Board, the highest ever in the history of the NYSE. Roughly four stocks fell for every one that rose on both the NYSE and the Nasdaq. Some 534 NYSE stocks and 718 Nasdaq stocks fell to new 52-week lows including Web gear giant Cisco Systems Inc. Cisco, which like many companies announced a stock buyback, was the most active issue on Nasdaq and lost 47 cents to $14.

U.S. stock indexes end higher after late rally ahead of close

Thu, 16 Oct 2008 23:14:11 PDT

U.S. stocks shoot dramatically higher in a late-session bounce back from the prior day’s rout, with energy shares pacing the climb after the price of crude drops below...

AT THE CLOSING BELL WHEN BUSH TOOK OFFICE

Thu, 16 Oct 2008 21:53:04 PDT

Raging Bulls - Oct. 13, 2008

Thu, 16 Oct 2008 21:45:01 PDT

Stocks rallied Monday afternoon, with the Dow rallying 976 points during the session, as investors bet that the worst of the credit crisis is over, following a series of...

'More Insidious' Than 1987: Current Bear Market Ranks Among Worst in History

Thu, 16 Oct 2008 21:34:14 PDT

Whether 1987 or 1929, the now year-long slump already ranks among the worst in U.S. market history. Both the Dow and S&P are now down more than 40% from their 2007 peaks,...

U.S. Stocks Tumble, Sending S&P 500 Below 1,000; Banks Drop

Tue, 07 Oct 2008 14:30:55 PDT

U.S. stocks fell, sending the Standard & Poor's 500 Index below 1,000 for the first time since 2003, on speculation banks and real-estate companies are running short of...

Investors Succumb to Fears of Recession

Mon, 06 Oct 2008 23:49:21 PDT

The Dow Jones Industrial Average tumbled past the psychologically meaningful 10000 barrier, and European stocks charted some of their biggest declines in 20 years, as...

Cramer to the Market: Now Is the Time to Panic

Mon, 06 Oct 2008 23:25:00 PDT

This morning had all the makings of a bad market day. Markets in Europe and Asia dropped substantially overnight. The futures market was pointing to a significantly lower...

Wreckage Far and Wide as Dow Tumbles

Mon, 06 Oct 2008 23:17:40 PDT

Finally, some happy news: The Dow today fell only 370 points or 3.6% to close at 9,956. Good news considering the Dow Jones Industrial Average earlier today plunged in...

Get Ready for the Bounce: NYSE Edition

Mon, 06 Oct 2008 23:06:49 PDT

"Don't catch a falling knife," as the old saw commands. (Pardon my mixing a cutlery metaphor.) The idea of buying a former superstar stock at a discount price certainly...

Dow Stages Recovery, but Falls Shy of 10,000

Mon, 06 Oct 2008 15:34:20 PDT

The Dow Jones Industrial Average broke below 10,000 for the first time since October 2004, and fell as much as 800 points during the session, marking the largest intraday...

Dow cuts 800-point slide in half amid talk of global coordinated intervention

Mon, 06 Oct 2008 15:25:13 PDT

The Dow Jones Industrial Average fell as much as 800 points to trade below the 10,000 mark Monday as nervousness over the credit crisis spread after the U.S. government's...

Emerging Market Stocks Fall Most in 2 Decades; Russia Tumbles

Mon, 06 Oct 2008 09:05:33 PDT

Emerging market stocks fell the most in at least two decades and exchanges in Brazil and Russia were forced to halt trading as the global banking crisis escalated in...

Job Losses Pushing U.S. Economy Into `Significant' Recession

Sat, 04 Oct 2008 11:20:45 PDT

The U.S. may be heading for its worst recession in at least a quarter century as the credit crisis forces employers across the country to cut workers and ratchet back...

Bush Signs Bank Rescue to End `Threat to Economy' (Update1)

Sat, 04 Oct 2008 11:13:33 PDT

U.S. President George W. Bush signed a $700 billion financial-market rescue plan into law, calling it a ``decisive action to ease the credit crunch that is now...

U.S. Stocks Fall as Recession Signs Outweigh Bank Bailout Plan

Sat, 04 Oct 2008 11:09:15 PDT

U.S. stocks fell the most since the September 2001 terrorist attacks as concern that tightening credit markets will prolong an economic slowdown overshadowed the passage...

S&P: most dividend cuts in 50 years

Fri, 03 Oct 2008 13:55:31 PDT

Dividend cuts in the third quarter took $22.5 billion out of the pockets of investors during what one Standard & Poor's analyst called the worst September for dividends...

Top 10 Insider Purchases and Buybacks

Thu, 02 Oct 2008 09:12:35 PDT

This portfolio consists of stocks in the news lately because there has been a significant insider purchase or stock buyback.

U.S. Stocks Drop on Economic Data, Rising Bank Rates; GE Falls

Thu, 02 Oct 2008 08:57:48 PDT

U.S. stocks dropped for a second day as a jump in borrowing costs and reports showing a worsening economy spurred concern that the government's $700 billion bank bailout...

Dow industrials plummet as much as 700; Nasdaq Composite down 6%

Mon, 29 Sep 2008 13:29:27 PDT

U.S. stocks sink, with the Dow Jones Industrial Average plunging as much as 700 points, with legislators in the House of Representatives rejecting the government’s $700...

Fed Pumps Further $630 Billion Into Financial System (Update2)

Mon, 29 Sep 2008 09:38:09 PDT

The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great...

House Republicans Undercut Bush on Rescue, Slow Talks (Update3)

Fri, 26 Sep 2008 03:08:42 PDT

Negotiations on the $700 billion rescue of the U.S. financial system stalled as House Republicans undercut the Bush administration and left it to congressional leaders to...

Dollar Falls as Traders Bet on Fed Cut, Bush Warns of Recession

Thu, 25 Sep 2008 00:51:15 PDT

The dollar fell against the euro, ending a two-day gain, as President George W. Bush warned the U.S. may face a ``painful'' recession and traders bet on a Federal Reserve...

Stocks brighten, but what about the credit crisis?

Fri, 19 Sep 2008 22:32:29 PDT

Investors are putting behind them one of Wall Street's most tumultuous weeks in the hope that government plans to take the bad assets of ailing financial firms off of...

Gold tumbles most in 25 years after rescue plan

Fri, 19 Sep 2008 22:26:28 PDT

Gold futures plummeted Friday as speculation that a Washington-engineered rescue plan could avert financial crisis reduced demand for gold as an investment haven. Gold...

U.S. financial companies whose shares can't be shorted

Fri, 19 Sep 2008 22:21:14 PDT

The following is a list of the U.S. financial companies whose shares cannot be shorted under emergency rules imposed by the SEC Friday.

Stocks Soar Worldwide on Bank Bailout, Curb on Short Sales

Fri, 19 Sep 2008 22:12:46 PDT

U.S. stocks surged in the biggest two-day global rally in 38 years as the government announced plans to purge banks of bad assets and crack down on speculators who drove...

Little risk of Great Depression repeat: Nobel laureate

Mon, 15 Sep 2008 15:45:05 PDT

Nobel Prize laureate Joseph Stiglitz said Monday the crisis gripping financial markets would pose no "short-term systemic risk" as he took a swipe at former US Federal...

'Depression' predictions mean it's almost time to buy

Mon, 15 Sep 2008 15:24:59 PDT

Can the turnaround be far away if financial seers are starting to predict a U.S. depression? It may not be time to buy stocks yet, but this is a signal that it's getting...

Bailouts Will Push US into Depression

Mon, 15 Sep 2008 15:16:15 PDT

"We expect a depression in the United States. We expect a depression, very possibly, also in Europe," Hennecke said on "Worldwide Exchange."

Dow Plunges 500 points

Mon, 15 Sep 2008 15:04:10 PDT

The last time the Dow closed below 11,000 was on July 15, 2008, when the Dow closed at 10,962 * The last time the Dow closed down 500 points or greater was September 17,...

U.S. Stocks Drop, S&P 500 Sinks Most Since 2001 Terror Attacks

Mon, 15 Sep 2008 14:50:44 PDT

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...

Dow Plunges 300 Points

Thu, 17 Jan 2008 13:20:30 PST

Stocks in New York closed deep in negative territory Wednesday following dour economic comments from the Federal Reserve chief, further data pointing to a U.S. slowdown...

HISTORY NOTE: Dow Posts Largest Point Drop Ever, But No Panic

Sun, 14 Oct 2007 15:31:35 PDT

Monday, September 17, 2001 Stocks extended their gut-wrenching slide on Monday and the Dow Jones industrial average posted its biggest one-day point loss ever as...