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Bears Lurk in Markets' Bounce: Analysts

(Newser) - The ongoing rally in global financial markets could be setting investors up for another crash, analysts tell the Financial Times, warning that it could be a so-called “bear market bounce.” The fact that financial stocks, which took a beating as markets tumbled, are leading the uptick is particularly...

Dow Dips After Rally, Off 115
 Dow Dips After Rally, Off 115 
MARKETS

Dow Dips After Rally, Off 115

Utilities, energy firms and financials give back gains

(Newser) - Stocks fell today as some took profits after yesterday’s impressive rally, and utilities, energy firms and financials gave back some gains, the Wall Street Journal reports. Despite falling 115.57 to close at 7,660.29, the Dow has climbed in seven of the past 10 sessions, and remains...

Dow Rockets Nearly 500 Points
 Dow Rockets Nearly 500 Points 
MARKETS

Dow Rockets Nearly 500 Points

Geithner's plan wins positive reviews from Street

(Newser) - Stocks locked in big gains today with the rally sparked by the rollout of the Treasury’s financial rescue plan, the Wall Street Journal reports. Financials led advances, with Citigroup and Bank of America up 24% and 19%, respectively. The Dow jumped 497.48 to 7,775.86. The Nasdaq...

Obama Rallies Support in Hard-Hit Fort Myers

'You have seen hardship,' Obama tells supporters

(Newser) - President Obama headed to Fort Myers, Fla., today to rally support for his economic stimulus plan, telling residents “when the town is burning, you don't check party labels. Everybody needs to grab a hose,” the Miami Herald reports. Obama picked Fort Myers because its county has the highest...

Oprah on Obama Win: 'We Did This'

TV host plans special election show today

(Newser) - Oprah Winfrey began to open up about the election last night in Chicago, and today on her show, she’ll “unleash” her views on Barack Obama’s victory, her website says. “This happened because we did this,” she told Mark Halperin at Obama’s rally. "We...

Jubilant Obama Supporters Swarm Grant Park

Obama supporters collect in Chicago; McCain staff relaxed and confident

(Newser) - Hundreds of thousands of Barack Obama supporters have been collecting in Chicago's Grant Park, watching results come in on a Jumbotron screen while they await the candidate's rally tonight. The Lollapalooza-like atmosphere includes blankets spread out on the grass and vendors offering t-shirts and buttons, reports the Chicago Tribune. Obama...

Dow Up 485 in Recovery Rally
 Dow Up 485 in Recovery Rally 
MARKETS

Dow Up 485 in Recovery Rally

But indices see big losses for September

(Newser) - Stocks surged toward the end of today’s session to recover much of yesterday’s losses, but still finished September down, the Wall Street Journal reports. The markets rallied on confidence that lawmakers would reach agreement on a bailout plan by week’s end, with the Dow up 485.21...

Jobs Rally Fizzles; Stocks Mixed
 Jobs Rally Fizzles; Stocks Mixed 
MARKETS

Jobs Rally Fizzles; Stocks Mixed

Cautious market not fully inspired by jobs, Fed action

(Newser) - The markets ended mixed today as a rally spurred by news of fewer April job losses than expected and the Fed's bank-liquidity expansion died down before the closing bell, MarketWatch reports. The Dow rose 48.20, closing at 13,058.20, and the S&P 500 gained 4.56 to...

LAPD Chief Orders Elite Officers Retrained

Bratton mops up after May Day rally violence

(Newser) - Citing "things that shouldn't have been done," LAPD Chief William Bratton apologized yesterday for the actions of an elite platoon that broke up a pro-immigration May Day rally and said the officers involved are off the streets and will be retrained. The officers' prestigious assignment is in jeopardy...

Israelis Rally for Olmert Ouster
Israelis Rally for Olmert Ouster

Israelis Rally for Olmert Ouster

(Newser) - A massive demonstration in Tel Aviv yesterday amplified the cry for Israel's PM Ehud Olmert to resign. Tens of thousands of Israelis packed into Rabin Square to denounce Olmert's handling of last year's Lebanon War, in the wake of the highly critical Winograd Commission report. Polls are showing three quarters...

Fewer March for Immigration
Fewer March for Immigration

Fewer March for Immigration

(Newser) - Thousands turned out across the country today to rally in favor of a path to citizenship for illegal immigrants. But with immigration reform off the table in Washington, their numbers marked a sharp decrease from the 650,000 who congregated last year in L.A. alone.

Million Turks Rally for Secularism
Million Turks Rally for Secularism

Million Turks Rally for Secularism

(Newser) - Secular Turks staged an enormous rally yesterday amid a constitutional crisis over the election of the next president, the BBC reports. As many as a million protesters turned out in Istanbul to oppose ruling-party candidate Abdullah Gul, who they're afraid is orchestrating an Islamic coup in the country even as...

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