The seizure of Florida's BankUnited FSB by federal regulators weighed down the markets to a modestly lower close ahead of the Memorial Day weekend with the Dow losing 14 points to 8277. Nasdaq slipped... Read More
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Market News
Stocks Open Mixed Ahead of Memorial Day Weekend
May 22, 2009
Investor remained cautious ahead of the long Memorial Day weekend. A bank closure and a possible bankruptcy filing by General Motors next week kept the major indexes in check. The Dow slipped 3 points... Read More
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Greater than expected initial applications for unemployment benefits stoked fears of a lengthy economic recovery period sending the Dow plunging 129 points to 8292. Nasdaq slumped 32 points to 1695. Read More
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Nearly 6.7 Million Unemployed, Markets Fall
May 21, 2009
Continuing claims for unemployment benefits climbed to approach 6.7 million to weigh down the markets during the midday with the Dow tumbling 116 points to 8305. Nasdaq dropped 31 points to 1696. Read More
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Market News
Weak Job Picture Weighs Down Stock
May 21, 2009
1st time unemployment claims eased for the latest week, but job creation remained elusive for the U.S. economy. The Dow dropped more than 100 points to 8138 while Nasdaq fell10 points to 1718. Read More
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Market News
Federal Reserve Cuts Outlook, Markets Close Lower
May 20, 2009
The Federal Reserve cut its 2009 economic outlook to weigh down the markets to close lower with the Dow dropping 52 points to 8422. Nasdaq lost 6 points to 1727. Read More
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Market News
Markets Flat As Oil Surges
May 20, 2009
The markets traded near the flatline as crude oil prices surged ahead of the holiday weekend. The Dow added 2 points to 8477 while Nasdaq edged up a point to 1736. Read More
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Market News
Banking Sector Gains, Oil Prices Tops $60 A Barrel
May 20, 2009
Investors were optimistic about the banking industry's feature given the ease by which banks were able to raise capital. Meanwhile, oil prices reached $60 a barrel due to inventory concerns. The Dow... Read More
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Market News
Mixed Close Over Mixed Housing Report
May 19, 2009
It was a mixed close for the markets with the Dow losing 29 points to 8474 as housing starts fell overall but construction of single family homes rose. Nasdaq added 2 points to 1734. Read More
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Single Family Home Construction Rises, Markets Up
May 19, 2009
Although overall housing starts dropped, construction of single family homes rose to lift the markets modestly higher during the midday with the Dow adding 6 points to 8510. Nasdaq rose 3 points to... Read More
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Market News
Housing Starts Drop, Markets Open Lower
May 19, 2009
A drop in April housing starts and permits for new projects made a possible recovery of the housing market more elusive. Investors took profits as the Dow lost 17 points to 8486 while Nasdaq gave up 5... Read More
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Market News
Banking Sector Upgrades Lift Markets To Higher Close
May 18, 2009
Upgrades of the banking sector boosted the markets to a sharply higher close with the Dow leaping 235 points to 8504. Nasdaq jumped 52 points to 1732. Read More
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Market News
Rise In Homebuilder Sentiment Lifts Markets
May 18, 2009
The markets continued to advance during the midday with the Dow surging 176 points to 8445 as homebuilder sentiment climbed in April. Nasdaq soared 31 points to 1712. Read More
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Market News
Stocks Open Higher on Firmer Corporate Profits
May 18, 2009
Better than expected corporate earnings fueled a rally in stocks this morning. Meanwhile, analysts upgraded the banking industry. The Dow climbed over 100 points to 8376 while Nasdaq rose 14 points to... Read More
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Market News
Despite a greater than expected gain in consumer sentiment, the markets closed modestly lower with the Dow tumbling 62 points to 8268. Nasdaq dropped 9 points to 1680. Read More
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Market News
Markets Lower As Investors Remain Cautious
May 15, 2009
Investors remained cautious even as consumer sentiment rose and consumer prices held steady. The Dow dropped 51 points to 8280 while Nasdaq slipped 3 points to 1686. Read More
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Market News
Stocks Open Mixed as Insurance Companies Rally
May 15, 2009
The markets opened mixed as investors digested the latest batch of economic news. Consumer prices were flat in April, but New York-area manufacturing continued to contract. The Dow fell 11 points to... Read More
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Market News
Markets Up Modestly Despite Higher Jobless Claims
May 14, 2009
The markets closed modestly higher with the Dow rising 46 points to 8331 despite greater than expected gains in wholesale prices and jobless claims. Nasdaq gained 25 points to 1689. Read More
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Market News
Falling Oil Prices Lift Markets
May 14, 2009
Falling crude oil prices lifted the markets higher during the midday with the Dow gaining 65 points to 8350. Nasdaq climbed 27 points to 1691. Read More
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Market News
Stocks Open Higher Despite Fading Economic Recovery
May 14, 2009
Bargain hunters focused on the ease by which banks raised funds while mostly ignoring concerns that the economic recovery faced challenges as weekly unemployment claims climbed higher and wholesale... Read More
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Market News
Rising Foreclosures Send Markets Tumbling
May 13, 2009
Rising home foreclosures and a surprising drop in retail sales sent the market tumbling to a sharply lower close with the Dow plummeting 184 points to 8284. Nasdaq slumped 51 points to 1664 Read More
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Market News
Markets Plunge Over Unexpected Retail Sales Drop
May 13, 2009
A disappointing drop in retail sales weighed down the markets during the midday with the Dow tumbling 163 points to 8305. Nasdaq plunged 37 points to 1678. Read More
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Market News
Stocks Open Lower on Weak Retail Sales
May 13, 2009
April retail sales unexpectedly fell as home foreclosures rose to record levels. Investors promptly took profits ending a two-month rally in stocks. The Dow dropped 140 points to 8328 while Nasdaq... Read More
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Market News
Mixed Close For Markets As Oil Rises
May 12, 2009
It was a mixed close for the markets with the Dow gaining 50 points to 8469 as oil prices rose. Nasdaq dropped 15 points to 1715. Read More
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Market News
Rising Oil Prices Weigh Down Markets
May 12, 2009
Rising crude oil prices weighed down the markets during the midday with the Dow falling 45 points to 8373. Nasdaq plunged 35 points to 1696. Read More
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Market News
Stocks Open Mixed as Auto Makers Struggle
May 12, 2009
Stocks opened mixed as the trade deficit for the month of March widened to $27.6 billion. Meanwhile, oil prices rose above $59 a barrel. The Dow added 7 points to 8426 while Nasdaq lost 8 points to... Read More
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Market News
Banks Issue Stock, Markets Tumble
May 11, 2009
The markets tumbled to close sharply lower with the Dow plummeting 155 points to 8418 as banks began issuing stock to raise capital. Nasdaq fell 7 points to 1731. Read More
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Market News
General Motors said that despite its restructuring efforts, it may still file for bankruptcy protection. The Dow plunged 136 points to 8437 while Nasdaq lost 5 points to 1733. Read More
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Market News
Stocks Open Lower as Banks Sell Stock to Raise Money
May 11, 2009
Investors took profits as several major banks announced stock offerings in order to pay off bailout funds. The Dow lost 127 points to 8446 while Nasdaq dropped 22 points to 1716. Read More
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Market News
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