Stocks fall amid European banks worries
Investors took profit on recent gains amid renewed worries over European banks’ financial health after Wall Street Journal reported that major European lenders understated holdings in risky government debts. Volume was once again low as investors choose to stay sidelines in the uncertainty.
DJIA -107.24pts (1.03%) at 10340.69
S&P -12.67pts (1.15%) at 1091.84
Nasdaq -24.86pts (1.11%) at 2208.89
Stocks rally on strong job data
Stocks rallied after job data for August fell less than expected, reviving investors’ confidence about the economic recovery. Although payrolls fell for a 3rd straight month, the loss of 54,000 jobs was lesser than the expected 100,000.
DJIA +127.83pts (1.24%) at 10447.93
S&P +14.41pts (1.32%) at 1104.51
Nasdaq +33.74pts (1.53%) at 2233.75
Stocks extend gains on strong data
Stocks extended their gains on strong economic data, with pending home sales rising unexpectedly and a fall in jobless claims. Volume, however, continued to be low as market awaits the payrolls figures for August tonight.
DJIA +50.63pts (0.49%) at 10320.10
S&P +9.81pts (0.91%) at 1090.10
Nasdaq +23.17pts (1.06%) at 2200.01
Stocks rally on strong data
Stocks had their best day in 8 weeks after better than expected factory data boost investors’ confidence. Stocks extended their gains on the back of a rally in global equities after the Institute for Supply Management showed US factory activity grew stronger than expected.
DJIA +254.75pts (2.54%) at 10269.47
S&P +30.96pts (2.95%) at 1080.29
Nasdaq +62.81pts (2.97%) at 2176.84
Stocks rose on shortcovering
Stocks rose on friday on shortcovering ahead of the weekend. Investors bought back into the market after Fed Chairman Ben Bernanke said the US economic recovery had weakened more than expected but the Fed is ready to take further steps to spur the recovery.
DJIA +164.84pts (1.65%) at 10150.65
S&P +17.37pts (1.66%) at 1064.59
Nasdaq +34.94pts (1.65%) at 2153.63
Stocks end lower on economic worries
Stocks closed lower, with the Dow Jones falling below 10,000 for the first time since July 6, amid jitters over tonight’s GDP figure. Fed chairman Ben Bernanke is also expected to give a speech tonight as central bankers around the world gather at Jackson Hole, Wyoming for their annual meeting.
DJIA -74.25pts (0.74%) at 9985.81
S&P -8.11pts (0.77%) at 1047.22
Nasdaq -22.85pts (1.07%) at 2118.69
Stocks fell on weak home sales data
Stocks fell, with the Dow Jones ending very close to its 10,000 support level after existing home sales data shocked investors. Sales of previously owned homes plunged a record 27.2%, renewing fears of a slowing economic recovery.
DJIA -133.96pts (1.32%) at 10040.45
S&P -15.49pts (1.45%) at 1051.87
Nasdaq -35.87pts (1.66%) at 2123.76
Stocks fell on economic worries
Stocks fell after economic data showed that the economic recovery might have stalled - jobless claims rose to a 9-mth high while Philadelphia factory activity contracted for the first time in more than a year.
DJIA -144.33pts (1.39%) at 10271.21
S&P -18.53pts (1.69%) at 1075.63
Nasdaq -36.75pts (1.66%) at 2178.95
Stocks rally on earnings and takeover bid
Stocks rebounded from days of selling after better than expected earnings from Wal-Mart and Home Depot. The agriculture sector got a boost after BHP Billiton Ltd made an unsolicited $39b takeover bid for Potash Corp of Saskatchewan Inc, the world’s largest fertilizer maker. However, the bid was rejected.
DJIA +103.84pts (1.01%) at 10405.85
S&P +13.16pts (1.22%) at 1092.54
Nasdaq +27.57pts (1.26%) at 2209.44