financial stocks

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Lender Woes Keep Lid on Gains
 Lender Woes Keep Lid on Gains 
MARKETS

Lender Woes Keep Lid on Gains

Financials rally as outlook darkens for government lenders

(Newser) - The markets ended with modest gains today, led by a rally in financials despite continued anxiety over the future of Freddie Mac and Fannie Mae, MarketWatch reports. Treasury chief Henry Paulson and Ben Bernanke's call for greater regulatory powers encouraged investors. The Dow gained 81.58 points to 11,229....

Oil Drops, but Rally Fades
 Oil Drops, but Rally Fades 
MARKETS

Oil Drops, but Rally Fades

S&P 500 off 20% from October high

(Newser) - The markets saw modest losses today after a rally spurred by a drop in crude prices sputtered over capital concerns at Fannie Mae and Freddie Mac, MarketWatch reports. The Dow fell 56.58 to 11,231.96, the Nasdaq dropped 2.06 to 2,243.32, and the S&P...

$142 Oil Drives Stocks Down
 $142 Oil Drives Stocks Down 
MARKETS

$142 Oil Drives Stocks Down

New crude record hampers recovery from Thursday's fall

(Newser) - The markets fell today, continuing the slide that marked yesterday’s session. Investors continued to mull the tidal wave of bad news that hit the financial, tech and consumer discretionary sectors Thursday, MarketWatch reports. The Dow fell 104.46 to 11,348.96, the Nasdaq lost 5.74 to close...

Stocks Dip as Fed Meets
 Stocks Dip as Fed Meets  
MARKETS

Stocks Dip as Fed Meets

Fed inaction spurs recovery from bad economic news

(Newser) - The markets seesawed throughout today's session, closing down slightly as a minor rally in financials offset bad economic news and warnings of a poor quarter for UPS, MarketWatch reports. The Dow fell 34.93 to 11,807.43, Nasdaq dropped 17.46 to 2,368.28, and the S&P...

Faltering Banks Push Stocks Down
 Faltering Banks 
 Push Stocks Down 
MARKETS

Faltering Banks Push Stocks Down

Financials tumble despite solid report from Goldman Sachs

(Newser) - The markets fell today, led by plunging financials and bank stocks, despite a solid second-quarter report from Goldman Sachs. "There is a lack of clarity at every level of the financial system right now, from regulators to companies," a floor trader told the Wall Street Journal. The Dow...

Lehman, GM Drive Stocks Down
 Lehman, GM Drive Stocks Down 
MARKETS

Lehman, GM Drive Stocks Down

Liquidity rumors, poor sales sour investor sentiment

(Newser) - The markets enjoyed modest gains before dropping sharply this afternoon as rumors swirled that Lehman Brothers may face a liquidity problem and automakers reported weak May sales, MarketWatch reports. The Dow closed down 100.97 at 12,402.85, the Nasdaq down 11.05 at 2,480.48, and the...

Markets Up in Rollercoaster Day
 Markets Up in Rollercoaster Day 
MARKETS

Markets Up in Rollercoaster Day

Dow posts modest gain on mixed news

(Newser) - Stocks rose, fell, and rose again as mixed economic news pulled the market in opposite directions today, the Wall Street Journal reports. The Dow ended up 45.68, at 12,594.03. The Nasdaq climbed 5.46 to 2,486.70, and the S&P 500 rose 5.49 to...

Bad News Pummels Stocks
 Bad News Pummels Stocks 
MARKETS

Bad News Pummels Stocks

AIG, Citi, oil spook investors; even commodities look less safe in downturn

(Newser) - Stocks performed poorly today, battered by another new oil high and bad news from AIG and Citigroup, Bloomberg reports. The Dow lost 120.90 to end at 12,745.88, with a weekly loss of 2.4%. The S&P 500 shed 9.50 to 1,388.28, while the...

Merrill's Strength Leads Rally
 Merrill's Strength Leads Rally 
MARKETS

Merrill's Strength Leads Rally

Good news from broker overshadows poor housing news

(Newser) - Stocks rallied to solid gains today as good news from Merrill Lynch and better-than-expected jobless claims data overshadowed poor housing and durable-goods news, MarketWatch reports. The Dow gained 85.73 to close at 12,848.95, while the Nasdaq rose 23.71 to 2,428.92. The S&P 500...

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