New York Stock Exchange – News Stories About New York Stock Exchange - Page 10

Oct 26, 2007 4:49 PM CDT

Merrill Lynch Sizes Up Potential CEOs

With O'Neal headed for exit, list of possible successors grows

(Newser) - With Stan O'Neal all but ousted after an $8.4 billion writedown mostly on subprime loans and an overture to Wachovia, Merrill Lynch is on the hunt for a new chairman and CEO. Candidates include BlackRock's Larry Fink, NYSE Euronext's John Thain, and in-house contender Robert McCann, Reuters reports. Sources...

Dow Dives 367 on 'Black Friday'

Oct 19, 2007 3:49 PM CDT

Dow Dives 367 on 'Black Friday'

(Newser) - Wall Street observed the 20th anniversary of Black Monday with an absolute bloodbath today as the Dow fell a whopping 366.94 points to close at 13,522.02. Wachovia, Caterpillar, and Honeywell led a host of disappointing earnings reports, driving every major index down over 2.5%. The S&...

Market Still Partying After Cut

Sep 19, 2007 9:36 AM CDT

Market Still Partying After Cut

Rallies continue off of big Federal Reserve rate slash

(Newser) - Wall Street kept the party going today, as the Federal Reserve’s half-point rate cut kept pushing stocks up. Financials even shrugged off disappointing earnings from Morgan Stanley, which posted a more-than-expected 17% drop in net income for the quarter, the Wall Street Journal reports. The Dow rose 58.04...

Stocks Dive Before Fed Meeting

Sep 17, 2007 3:52 PM CDT

Stocks Dive Before Fed Meeting

All indexes fall as traders bite nails over tomorrow's Federal Reserve meeting

(Newser) - Wall Street bit its collective nails today, with fear mounting that the Fed meeting tomorrow will result in a rate cut of only 25 basis points rather than the 50 traders crave. The Dow fell 39.10 to 13,403.42, the S&P 500 dipped 7.60 to 1,...

Jitters Drive Most Stocks Downward

Sep 12, 2007 4:20 PM CDT

Jitters Drive Most Stocks Downward

Bad news from Texas Instruments, high crude prices quash optimism

(Newser) - Stocks fell today, with investors shying away from tech after Texas Instruments slashed its sales forecast. NYSE losers outpaced winners 9 to 7, the Dow dropped 16.74 to 13,291.65, the Nasdaq fell 5.40 to 2,592.07, and the S&P held steady. “We had...

Stocks Plummet on Rate Worries

Aug 28, 2007 4:05 PM CDT

Stocks Plummet on Rate Worries

Fed minutes fail to confirm future rate cuts

(Newser) - US stocks tumbled for the second day in a row after Fed minutes drained widespread hope of a rate cut next month, exacerbating slumps in consumer confidence and home values. The Dow dropped 185 to close at 13,135.5, the S&P was off 24.6 at 1,442....

Markets Jump on Fed Move

Aug 17, 2007 10:04 AM CDT

Markets Jump on Fed Move

(Newser) - Stocks rallied in early trading today after the Federal Reserve shaved a half-point off of one of its key interest rates, the Wall Street Journal reports. The Dow initially shot up more than 300 points; after settling some, it was up 150.46 by midmorning. European stocks were buoyed as...

Stocks Plunge as Credit Outlook Worsens

Aug 3, 2007 3:44 PM CDT

Stocks Plunge as Credit Outlook Worsens

Bear Stearns downgrade stirs more trouble as Dow loses 2%

(Newser) - After two straight days of gains and a steady morning the Dow plummeted in a selloff late this afternoon, losing 2% of its value to close at 13179.71, down 283.62. Bear Stearns lost big after Standard and Poors downgraded the subprime-laden i-bank from "stable" to "negative,...

Dow Breaks 14,000 Barrier

Jul 19, 2007 10:13 PM CDT

Dow Breaks 14,000 Barrier

(Newser) - The stock market swept aside sub-prime anxieties today to surge past the 14,000 mark; the 82.19-point run-up was fueled by strong results from IBM and Exxon Mobil. It was the 32nd record close for the Dow Jones Index this year, and—with just 58 trading days since the...

Dow Breaks 14K, Briefly

Jul 17, 2007 3:56 PM CDT

Dow Breaks 14K, Briefly

Strong earnings, weak inflation boost markets

(Newser) - The Dow shattered the 14,000 mark for the first time in its history today, floating 22 points above the milestone but dipping just before the bell to close at 13,971.55—still a 20.57-point gain. A projection of relatively docile inflation, combined with continued encouraging earnings reports...

Dow Hits New High

Apr 20, 2007 3:27 PM CDT

Dow Hits New High

Blue-chip average flirts with 13,000; S&P 500, Nasdaq reach 6-year peaks

(Newser) - The Dow closed at a record high of 12,961.98 today, gaining 153.35 points as it rode a wave of positive earnings reports that pushed the S&P 500 and the Nasdaq to six-year highs, too, CNN reports. The Dow reached an all-time high of 12,966.29...