January 12, 2008 |
Increasing fears that the nation is headed for a recession -- or, indeed, may already be in one -- drove the stock market sharply lower Friday, closing out a third straight losing week. Investors pushed aside the prospect of more interest rate cuts by the Federal Reserve, as well as news of Bank of America's proposed rescue of Countrywide Financial.
March 31, 2007 |
Stocks rose, dropped and then recovered Friday -- much as they did over the course of the first quarter. The action on the last trading day of the period was fueled by stronger-than-expected economic data, offset by concerns about trade issues and inflation pressures. For the three months most broad U.S. market indexes posted gains, despite a sharp pullback in late February and early March. The blue-chip Standard & Poor's 500 index was up 0.2% in the quarter.
March 30, 2006 |
U.S. stocks on Wednesday staged a broad rally, sending the main Nasdaq index to a five-year high, on confidence that corporate profit growth will persist in the face of rising interest rates. The market bounced back after declining Tuesday, following the Federal Reserve's 15th straight interest rate increase and policymakers' suggestion that short-term rates would keep moving higher. In the bond market Treasury yields continued to climb, reaching fresh multiyear highs.
December 2, 2004 |
Stocks rocketed Wednesday, with the Dow Jones industrials soaring more than 162 points on a sharp drop in oil prices and a raft of better-than-expected economic news. Crude oil plunged $3.64 a barrel, or 7.4%, to $45.49 in New York trading. It was the steepest one-day price drop since the aftermath of the Sept. 11, 2001, terrorist attacks. And with it oil has now tumbled $9.68 a barrel, or 17.5%, from its closing high of $55.17 set Oct. 22 and again Oct. 26.
June 29, 2006 |
Stocks advanced Wednesday in light trading as Wall Street recovered from the previous session's sell-off and awaited today's expected interest rate hike by the Federal Reserve. Traders were still nervous after the Dow Jones industrial average lost more than 120 points Tuesday on a sell-off fueled by worries about the Fed's pending interest rate decision and its accompanying policy statement.
September 4, 2004 |
A brighter job picture wasn't enough Friday to overcome Intel's gloomy sales outlook, with the major stock indexes falling in light trading at the start of the long holiday weekend. The technology-heavy Nasdaq composite index was especially hard hit, falling 28.95 points, or 1.6%, to 1,844.48. Traders blamed the drop on Intel, which cut third-quarter revenue forecasts after the close of trading Thursday, citing weaker demand for personal computers and mobile phones worldwide.