Investors Embrace Government Move to Take Stakes in U.S. Banks
October 14, 2008
Investors reacted favorably to announced plans by the U.S. government to spend up to $250 billion to take equity stakes in 9 major U.S. banks. The Dow rose more than 300 points before pulling back to... Read More
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Market News
Markets Soar With $2 Trillion Pledged To Stem Crisis
October 13, 2008
As countries around the world pledged nearly $2 trillion to stem the global credit crisis, the markets jetted into the stratosphere with the Dow Jones Industrial Average setting a record for a one day... Read More
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Market News
Markets Rocket With Government Poised To Implement Rescue Plan
October 13, 2008
The markets extended its gains during the midday as the U. S. government worked with banking officials to begin implementing the $700 billion bail out package. The British government took stakes in... Read More
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Market News
Stocks Rally on Global Effort to Stabilize Credit Markets
October 13, 2008
The markets opened sharply higher as banks around the world worked toward easing the credit crunch. The U.S. Treasury announced plans to take equity positions in banks. The Dow leaped over 300 points... Read More
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Market News
Markets Close Mixed As G7 Pledges Action
October 10, 2008
The markets pared its losses to close mixed with the Dow tumbling 128 points to 8451 as the Group of Seven pledged to take action to quell the global financial crisis. Nasdaq added 4 points to 1650. Read More
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Market News
Markets Extend Losses Despite Bush's Reassurances
October 10, 2008
Despite reassurances by President Bush that the government rescue plan will stabilize the markets, panic selling sent the markets into a tailspin with the Dow skidding 411 points to 8168. Nasdaq... Read More
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Market News
Panic Selling Overtakes Blue Chips, Bargain Hunters Step In
October 10, 2008
The markets opened sharply lower with the Dow tumbling nearly 700 points in the opening minutes of trading before retracing to 8350, down more than 200 points. Nasdaq lost a more modest 19 points to... Read More
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Market News
Dow Collapses Over Global Economic Concerns
October 09, 2008
Global economic concerns sparked a broad sell-off with the Dow collapsing 679 points to close at a five year low of 8579. Iceland seized control of the country's largest bank and suspended trading on... Read More
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Market News
Markets Mixed Over Investor Anxiety
October 09, 2008
The markets traded mixed during the midday despite plans by the Treasury Department to begin taking equity stakes in the nation's banks as investor anxiety about the health of the global markets... Read More
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Market News
Tech Stocks Rally Amid Global Credit Crisis
October 09, 2008
The U.S. government may take equity stake in banks in order to secure a return on its bailout efforts. Meanwhile, blue chip IBM made an early 3rd quarter profit announcement to boost the Dow by 50... Read More
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Market News
Investor Fears Sink Markets
October 08, 2008
Despite global rate cuts to stabilize the world economy, the markets dropped to close lower over disappointingly low September retail sales. The Dow plunged 189 points to 9258 while Nasdaq tumbled 15... Read More
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Market News
Markets Tumble Over Disappointing Sales
October 08, 2008
Disappointingly weak September retail sales sent the markets tumbling during the midday with the Dow plunging 199 points to 9248. Nasdaq dropped 15 points to 1739. Read More
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Market News
Central Banks Cut Rates to Stabilize Markets
October 08, 2008
The major indexes opened higher after federal banks around the world announced rate cuts in order to jumpstart the global economy. The Dow rose 30 points to 9475 while Nasdaq added 7 points to 1762. Read More
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Market News
Bernanke's Comments Sink Markets
October 07, 2008
Comments by Federal Reserve Chairman Ben Bernanke suggesting that the global economic crisis will extend well into next year sent the markets into a tailspin with the Dow skidding 508 points to 9447.... Read More
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Market News
Markets Extend Losses As Investors Digest Fed Plan
October 07, 2008
The markets extended its losses during the midday with the Dow tumbling 160 points to 9796 as cautious investors digested the Federal Reserve's plan to loosen the credit markets through the purchase... Read More
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Market News
Markets Open Lower as Fed Buys Short-Term Debt
October 07, 2008
The markets opened lower as the Federal Reserve offered to buy short-term debt from companies to ease the credit crunch. The Dow lost 5 points to 9950 while Nasdaq fell 9 points to 1853. Read More
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Market News
Global Economic Downturn Concerns Weigh Down Markets
October 06, 2008
Despite retreating oil prices, the markets plunged to close sharply lower over concerns of a lengthy global economic downturn. The Dow slumped 370 points to drop below the 10,000 mark for the first... Read More
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Market News
Fears Of Further Bank Failures Sink Markets
October 06, 2008
The markets continued to spiral downward as analysts predict further bank failures despite passage of the $700 billion bailout package. The Dow skidded 554 points to drop below the 10,000 mark for the... Read More
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Market News
Markets Open the Week with Massive Sell-off
October 06, 2008
The major indexes opened sharply lower amid a global economic slow-down. The Dow lost more than 400 points to drop below the 10,000 mark while Nasdaq lost nearly 100 points to 1855. Read More
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Market News
Bailout Plan Passes But Markets Plunge
October 03, 2008
The House of Representatives passed the $700 billion bailout package but the markets closed sharply lower with the Dow plunging 157 points to 10,325 as investors digested the loss of 159,000 jobs in... Read More
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Market News
Markets Soar As More House Members Switch Vote To "Yes"
October 03, 2008
The markets extended its gains during the midday as more House members switched their previous "no" votes on the $700 billion bailout package to "yes." The Dow leaped 252 points to 10,735 while Nasdaq... Read More
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Market News
Markets Open Higher Ahead of House Vote
October 03, 2008
The markets opened higher ahead of a second vote by the House on the government's $700 billion rescue package. The Dow climbed 135 points to 10,618 while Nasdaq surged 41 points to 2018. Read More
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Market News
Dow Plunges 348 Points As Factory Orders Fall
October 02, 2008
A greater than expected drop in factory orders and rising unemployment applications sent the markets tumbling to a sharply lower close with the Dow plummeting 348 points to 10,483. Nasdaq plunged 93... Read More
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Market News
Mid-Day Report
October 02, 2008
Falling factory orders along with soaring jobless claims weighed down the markets during the midday with the Dow plunging 272 points to 10,559. Nasdaq skidded 64 points to 2005. Read More
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Market News
Opening Bell Report
October 02, 2008
The markets opened sharply lower as jobless claims rose to a 7-year high. The Dow slid more than 200 points to 10,610 while Nasdaq tumbled 45 points to 2024. Read More
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Market News
Opening Bell Report
October 01, 2008
The markets opened lower ahead of a Senate vote on the $700 billion rescue package to stabilize the banking sector. The Dow lost more than 100 points to 10,737 while Nasdaq dropped 19 points to 2072. Read More
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Market News
Closing Bell Report
September 30, 2008
Bargain hunters boosted the markets to a sharply higher close after yesterday's sell-off with the Dow rocketing 485 points to 10,851. Nasdaq jumped 99 points to 2082. Read More
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Market News
Mid-Day Report
September 30, 2008
The markets extended its gains during the midday over optimism that congressional leaders will hammer out a palatable bailout package. The Dow soared 276 points to 10,642 while Nasdaq leaped 64 points... Read More
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Market News
Opening Bell Report
September 30, 2008
The markets opened higher as lawmakers attempted to revive the $700 billion rescue package. The Dow soared nearly 200 points to 10,555 while Nasdaq rose 45 points to 2028. Read More
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Market News
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