March 30, 2012 |
It might be safe to look at your 401(k) statement again. The Dow Jones industrial average and Standard & Poor's 500 index closed out their best first quarter since 1998. The run-up has sent nearly $1.85 trillion streaming back into stocks since January. The broad S&P 500 rocketed 12% higher during the quarter while the blue-chip Dow surged 8.14%. Technology stocks were even hotter: The Nasdaq composite gained nearly 19% in its strongest launch since 1991. Investors piled into the market amid signs the economic picture is brightening with solid job gains and improving consumer confidence.
March 6, 2012 |
Concerns about slowing global growth sent the stock market down hard early Tuesday -- putting the Dow Jones industrial average on a path toward its first triple-digit decline of the year. The sell-off was driven partly by data showing that Europe's economy contracted 0.3% in the fourth quarter, renewing fears that lingering troubles on the continent still have the potential to spread throughout the global economy. That was exacerbated by uncertainty over a proposed restructuring of Greek debt that is scheduled for this week.
February 27, 2012 |
The Dow's run toward 13,000 may not be the biggest surprise in the stock market this year. The sharp drop in volatility is just as unexpected. After barely budging last week, the Dow Jones industrial average resumed its effort Monday to permanently vault past past 13,000. It pierced that level briefly last week but has yet to close above it. After overcoming an early-morning sell-off, it's a smidge over 13,000 at the moment. The assault on 13,000 has made it easy to overlook the big drop in volatility.
February 24, 2012 |
The Dow Jones industrial average is making another run at closing above 13,000, a milestone that has not been reached since the start of the financial crisis four years ago. America's most-watched stock indicator popped above and below the level six times in the first few hours of trading Friday. The blue-chip index was most recently up 26.37 points, or 0.2%, at 13,010.08. The Dow is now up nearly 6.5% so far this year and has gained more than 1,000 points along the way. Broader stock indexes have also been on a blistering pace.
February 23, 2012 |
Stock markets rallied on Thursday as positive economic data on jobs and housing outweighed concerns about the European economy. The Dow Jones industrial average finished within sight of 13,000 points to close at its highest point since the 2008 financial crisis. The blue-chip index rose 46.24 points, or 0.4%, to 12,984.91. The Standard & Poor's 500 index rose 5.8 points, or 0.43%, to 1,363.46. The technology-heavy Nasdaq composite index rose 23.81 points, or 0.8%, to 2,956.98.
February 22, 2012 |
The Dow Jones industrial average crested 13,000 points for the first time since before the financial crisis, but failed to maintain the milestone by Tuesday's close. The blue-chip index's latest surge has been driven by a stream of evidence signaling that the U.S. economy is on the mend. The blue-chip index has risen 20% since a low of 10,655.30 on Oct. 3. The Dow first closed above 13,000 in 2007 and reached a peak of 14,164.53 in October of that year. The market was then roiled by the collapse of Lehman Bros.
February 17, 2012 |
U.S. stocks rallied amid more evidence of a U.S. economic recovery and hopes of a new Greek bailout, sending the Dow Jones industrial average to one of its best days this year. The Dow rose to within 100 points of the psychologically important mark of 13,000, a level last reached in May 2008. Economic data released Thursday showed that the number of people filing for unemployment claims fell last week, while the number of homes under construction rose. The reports helped paint a more upbeat picture about the economy that put Wall Street in a buying mood.
February 16, 2012 |
U.S. stocks rallied amid more evidence of a U.S. economic recovery, sending the closely tracked Dow Jones industrial average to one of its best days this year. Investors put an end to three straight days of losses after new reports showed that the number of people filing for unemployment claims fell last week, while the number of homes under construction rose. The data helped paint a more upbeat picture about the economy that put Wall Street in a buying mood. The Dow surged 116 points, or nearly 1%, to 12897.57, putting the blue chips within striking distance of Dow 13,000.
February 10, 2012 |
Wall Street logged its worst week so far this year as investors worried that negotiations over a Greek bailout have unraveled, sending major U.S. stock indexes lower. Investors had mostly shrugged off worries about Europe's efforts to contain its debt crisis, with the Dow Jones industrial average up 4.6% since January. However, the blue-chip index shed nearly half a percentage point this last week after European leaders turned down the latest plan to bail out Greece. That pushed the Dow to its worst one-day drop in 2012 as it fell 89.23 points, or 0.7%, to 12,801.23 on Friday.