New York Stock Exchange

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Dow Cracks 14,000
 Dow Cracks 14,000 

Dow Cracks 14,000

Psychological threshold passed for first time since 2007

(Newser) - The Dow Jones Industrial Average hit a major psychological milestone today, cracking 14,000 for the first time since the financial crisis, CNBC reports. The move lasted only for a moment—seconds later it had pulled back below the threshold—but the Dow is still trading more than 100 points...

NYSE Sells to Rival Exchange for $8.2B

Iconic 220-year-old exchange sells to competitor

(Newser) - InterContinentalExchange Inc. has agreed to buy NYSE Euronext, the company that owns the New York Stock Exchange, for $8.2 billion, the two companies announced this morning. ICE, an Atlanta-based commodity exchange, says it intends to leave the NYSE's branding alone, and would explore an IPO for Euronext, spinning...

NYSE Testing Hurricane Contingency Plan

And denies reports that the exchange had flooded overnight

(Newser) - As the New York Stock Exchange remains closed for a second day today, US stock exchange operators are testing a new “precautionary” contingency strategy this morning with an eye toward restarting trading again this week. The plan involves the NYSE and the smaller NYSE MKT staying closed, as the...

Sandy May Delay October Jobs Report
Sandy May Delay October Jobs Report

Sandy May Delay October Jobs Report

GOP cries foul, Labor Dept. says it's working hard to avoid it

(Newser) - The Labor Department started a brief uproar today when it said it might have to put off releasing Friday's jobs report for October because of Hurricane Sandy. That sent off a firestorm among conservative pundits, who sensed an election ploy, Politico reports. Breitbart News' editor-at-large said it would be...

Dow Plunges 200 on Bad Earnings
 Dow Plunges 200 
 on Bad Earnings 
MARKETS

Dow Plunges 200 on Bad Earnings

Stocks suffer biggest drop since June

(Newser) - Stocks plunged at the open today, with the Dow falling more than 200 points, sending it to its lowest level in seven weeks. As of 10:22am the Dow was down 206, while the Nasdaq and S&P were down 30 and 20 points respectively. The major cause for the...

Occupy Wall Street's Next Plan: S17

They'll surround stock exchange, maybe make citizens' arrests

(Newser) - The Occupy Wall Street movement has been locked in a slow death spiral this year, but organizers think they can revive it with a massive protest to mark its first anniversary on Sept. 17. The "S17" event will see protesters block traffic in the financial district, encircle the New...

Dozens Arrested as Occupiers Reach NYSE

Protesters to visit stock exchange, subway, bridges today

(Newser) - Days after being removed from Zuccotti Park, Occupy Wall Street is launching its biggest day of protests yet, and the arrests are already piling up: Daily Intel reports that about 60 people have been arrested after clashing with police in their attempt to reach the New York Stock Exchange. Thousands...

Market Swings Too Wild Even for Big Traders

Attempting to buy or sell can send prices fluctuating wildly

(Newser) - Even the biggest of fish are finding the waters too choppy on Wall Street. As the Dow swings about wildly—it fell 247 points yesterday, and has moved at least 1% in 14 of its past 19 sessions—so too are individual stocks. It’s become nigh-impossible to buy or...

Anonymous Threatens to 'Erase' NY Stock Exchange

But threat is a hoax, separate Anonymous faction claims

(Newser) - Is Anonymous planning an attack on the New York Stock Exchange? A video supposedly from the hacking collective threatens to "erase" the NYSE next Monday, CNBC reports. "NYSE shall be erased from the Internet. On October 10, expect a day that will never, ever be forgotten," warns...

New York Stock Exchange Will Open Tomorrow

Building, systems in working order after Irene

(Newser) - The opening bell of the New York Stock Exchange will ring on time tomorrow. The operators of the historic Big Board and other major US exchanges said they plan to open for trading as usual. Weather has shut down or delayed the opening of the stock markets about two dozen...

Stocks Soar, Dow Up 322
 Stocks Soar, Dow Up 322 
MARKETS

Stocks Soar, Dow Up 322

Analyst chalks it up to psychology

(Newser) - Stocks had their best day in more than a week today, with the Dow jumping a whopping 322 points, while the Nasdaq and S&P gained 101 and 39 points respectively. Investors are betting that the Federal Reserve will heap more stimulus on the economy this week, Bloomberg reports, while...

Stocks Shoot Up at Open
 Stocks Shoot Up at Open 
MARKETS

Stocks Shoot Up at Open

Dow sees triple-digit rise

(Newser) - Is the panic over on Wall Street? The Dow shot up around 131 points, and the S&P and Nasdaq were up 13.5 and 26.2 as of 9:39am EST. Part of the gain came from Google’s blockbuster acquisition of Motorola , which sent the latter’s stock...

NYSE to Merge With Deutsche Böerse

Name of the new entity in question

(Newser) - Deutsche Böerse AG, the company that owns the Frankfurt Stock Exchange, has agreed to merge with NYSE Euronext, the company that owns the New York Stock Exchange, forming a new as-yet unnamed entity, the companies announced today. Deutsche Böerse will own 60% of the new company, which will...

Germans Close to Buying NY Stock Exchange

Cradle of US capitalism about to fall to Deutsche Börse

(Newser) - The raucous cathedral of American capitalism, the New York Stock Exchange, is about to be bought by the Germans. If regulators approve the deal, the acquisition of NYSE Euronext (which owns the NYSE) by Deutsche Börse AG (which owns the Frankfurt stock exchange) would create the world's largest financial...

Stock Exchanges to Get 'Circuit Breakers'

SEC rules hope to prevent crazy plunges

(Newser) - US stock exchanges would briefly halt trading of some stocks that have big prices swings under new trading rules aimed at avoiding market plunges and proposed today by federal regulators. The rules would take effect in mid-June under a 6-month pilot program agreed to by major US exchanges and the...

SEC Now Thinks Mishmash System Sparked Mayhem

Exchange differences exacerbated plunge

(Newser) - As markets open today, the cause of last week's trading chaos remains unclear, but investigators believe mismatches in rules between the NYSE and newer electronic exchanges, combined with fast, complex computer trading systems, triggered the panic. The sudden drop of a futures contract on the Chicago Mercantile Exchange appears to...

Dow Drops 348 in Volatile Day
 Dow Drops 348 
 in Volatile Day 
MARKETS

Dow Drops 348 in Volatile Day

Market was down nearly 1,000 points in afternoon

(Newser) - Wall Street was in full panic mode today, as a drastic sell-off saw the Dow off nearly 1,000 points just one hour before the close, MarketWatch reports. A quick rebound followed, however, to less severe numbers. The Dow finished down 348 points at 10,520; Nasdaq fell 83 points...

Dow Rises 44 on Rates News
 Dow Rises 44 on Rates News 
Markets

Dow Rises 44 on Rates News

Dallas Fed chief reiterates commitment to low interest rates

(Newser) - Stocks retreated from an earlier rally but closed with solid gains after the Dallas Fed president reaffirmed the central bank's commitment to keeping interest rates low. Meanwhile, home-builder Toll Brothers announced a surge in contracts for the third quarter, the Wall Street Journal reports.
  • The Dow gained 44 points to
...

Dow Ends Shaky Day Up 76
 Dow Ends Shaky Day Up 76 
MARKETS

Dow Ends Shaky Day Up 76

Markets continue 7th day of wild variations

(Newser) - Stocks seesawed today as good economic data on industry and the housing sector drove big early gains, which then fell victim to selloffs in the financial sector, the Wall Street Journal reports.
  • The Dow climbed 76.71 points to close at 9,789.44.
  • Nasdaq tacked on 4.09 to
...

Dow Up 61 After Shaky Day
 Dow Up 61 After Shaky Day 
MARKETS

Dow Up 61 After Shaky Day

(Newser) - Markets ended higher today after a dismal start, buoyed by an ascendant energy sector, the Wall Street Journal reports. The seesaw comes as no surprise to one strategist: “This market is highly vulnerable to get pushed around right now. That’s a factor of light volume.” The Dow,...

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