dow jones industrial
Stocks down after tepid economic data, bank woes
Posted June 2nd, 2008 by California Home LoanNEW YORK -- Wall Street retreated sharply Monday on more signs of economic weakness and executive shake-ups at two major banks _ reminders of the ongoing fallout from the credit crisis. The Dow Jones industrial average fell 200 points.
Stocks tumble on $134 oil, Fed meeting minutes
Posted May 21st, 2008 by California Home LoanNEW YORK -- Wall Street pitched lower for the second straight session Wednesday as record-high oil prices and a bleak economic assessment from the Federal Reserve deepened investors' worry about rising costs and a shaky employment picture. The Dow Jones industrial average fell 227 points, logging its widest two-day loss since late February.
Stocks retreat as oil prices creep higher
Posted May 8th, 2008 by California Home LoanNEW YORK -- Wall Street tumbled Wednesday as the price of a barrel of oil soared to a record near $124 and touched off concerns that the stock market's recent gains might have been premature as consumers grapple with rising energy and food costs. The major stock market indexes each lost more than 1.5 percent, with the Dow Jones industrial average declining by more than 200 points.
Stocks retreat as oil prices creep higher
Posted May 7th, 2008 by California Home LoanNEW YORK -- Wall Street tumbled Wednesday as the price of a barrel of oil soared to a record near $124 and touched off concerns that the stock market's recent gains might have been premature as consumers grapple with rising energy and food costs. The major stock market indexes each lost more than 1.5 percent, with the Dow Jones industrial average declining by more than 200 points.
Stocks rise and Dow crosses 13,000 as dollar advances
Posted May 1st, 2008 by California Home LoanNEW YORK -- Wall Street shot higher Thursday as investors, while anticipating another dismal jobs report Friday, viewed the rising dollar and falling oil prices as promising signs for the economy. The Dow Jones industrial average soared nearly 190 points to close above 13,000 for the first time since Jan. 3.
Stocks dip with investors flummoxed over Fed
Posted April 30th, 2008 by California Home LoanNEW YORK -- Wall Street gave up sharp gains and closed lower Wednesday after the Federal Reserve cut interest rates by a quarter point but left investors guessing about the central bank's next move. The Dow Jones industrial average, momentarily soaring above 13,000 for the first time since early January, ended the session with a modest loss.
Surging oil prices put pressure on Wall Street
Posted April 10th, 2008 by AdminStocks End Seesaw Session Lower
Posted March 27th, 2008 by California Home LoanNEW YORK -- Wall Street sank in volatile trading Thursday after the government confirmed that the last quarter of 2007 did indeed suffer a sharp economic slowdown. For the second straight session, the Dow Jones industrial average fell more than 100 points.
Stocks Decline on Weak Economic Data
Posted March 26th, 2008 by California Home LoanNEW YORK -- Wall Street pulled back Wednesday after a drop in February's durable goods orders injected more pessimism about the economy into the stock market. The Dow Jones industrial average fell nearly 110 points.
Stocks Decline After Huge Rally
Posted March 20th, 2008 by California Home LoanNEW YORK -- Stocks pulled back sharply Wednesday, erasing most of the previous session's big gains as investors grew concerned about the possibility that banks remain vulnerable to further problems from soured debt. The Dow Jones industrial average fell nearly 300 points after rising 420 on Tuesday.