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Tag: Nasdaq


pacogaitero (CC BY-NC-SA 2.0)

Why the Lousy Jobs Report Boosted Wall Street

How can bad news on Main Street (only 113,000 jobs were created in January, on top of a meager 74,000 in December) cause good news on Wall Street?

Posted on Feb 10, 2014 READ MORE



ToonariPost

GOP Criticizes Obama After Weak Jobs Report Spurs Stock Market Sell-Off

Jittery investors now have even more to worry about after a disappointing May jobs report slammed Wall Street on Friday, wiping out the entire gains for the stock market this year. The Dow Jones industrial average fell 275 points, or 2.2 percent. The Nasdaq and S&P 500 were also down, dropping 2.8 percent and 2.5 percent, respectively.

Posted on Jun 1, 2012 READ MORE



west.m (CC BY 2.0)

Facebook Shares Slip Below $30 Amid Probe of IPO

Days after a law firm launched a class-action lawsuit on behalf of investors against Facebook and its bankers, alleging that certain investors were given preferential treatment, Facebook’s shares dipped during Tuesday’s trading to near $29, more than 20% under its IPO price.

Posted on May 29, 2012 READ MORE



birgerking

Facebook’s Fumbled IPO Under Scrutiny

The fallout over Facebook’s botched IPO continued on Tuesday with a lawsuit filed against NASDAQ over mishandled orders and word that regulators may investigate Morgan Stanley, which helped set the price of the stock, and other underwriting banks.

Posted on May 22, 2012 READ MORE



Photo by Guillaume Paumier

Facebook IPO Expected to Raise $16 Billion

Investors raced to get a piece of the Facebook pie Thursday, as one of the most eagerly anticipated initial public offerings finally became available to a select few.

Posted on May 17, 2012 READ MORE



Flickr / Davide "Dodo" Oliva

U.S. and European Markets Drop as Volatility Rises

U.S. and European markets played follow the leader Friday, as the three main stock indexes in both regions tumbled nearly 3 percent together. Among other events, analysts pointed fingers at the euro, uncertainty over President Obama’s jobs speech and doubt over Greece’s ability to address its financial problems.

Posted on Sep 9, 2011 READ MORE



Flickr / Francisco Diez (CC-BY)

Dow Posts Second Huge Gain This Week

The Dow Jones Industrial Average closed 423 points higher Thursday, one of the biggest gains of all time, as investors reacted to positive job numbers and economic reports. The gain comes in a roller coaster week that saw the Dow fall 634 points Monday, rise 429 on Tuesday and then drop 519 on Wednesday. Updated

Posted on Aug 11, 2011 READ MORE



Flickr / Policy Network

Reich: The Recovery’s False Glow Is Fading

After six straight weeks of a falling Dow and a period of stalled economic growth, the stagnation of national recovery is glaringly visible to everyone—except our representatives in Washington, says Robert Reich.

Posted on Jun 13, 2011 READ MORE


NYSE
AP / Henny Ray Abrams

U.S. Stocks Dip After Stronger September

The good news is that the U.S. stock market has enjoyed its “strongest September in 71 years” thus far this month, according to The Wall Street Journal. The bad news is that September ain’t over yet, and that hopeful trend didn’t quite last through Monday.

Posted on Sep 27, 2010 READ MORE


Euro symbol
AP / Daniel Roland

U.S. Stocks Take a Nosedive as Euro Worries Rise

The Icelandic volcano isn’t the only problem blowing over from Europe, judging by Thursday’s dismal stock market dive, touched off in part by problems in the euro zone as well as homegrown concerns about the American government’s plans for financial regulation.

Posted on May 20, 2010 READ MORE


Wall Street
Flickr / jpellgen

Euro-Bailout Helps U.S. Stocks Rise High

After the Dow’s freaky dip last week, Monday’s news that the U.S. stock market was closing in on its biggest day in terms of gains this year might just boost some spirits on and off the trading floor.

Posted on May 10, 2010 READ MORE


Madoff
AP / Louis Lanzano

SEC Missed Multiple Opportunities to Bust Madoff

It was a sad case of too little, too late when it came to the Securities and Exchange Commission’s readings of Bernie Madoff’s now-collapsed house of cards. On Wednesday, the SEC released a report about Madoff’s massive financial boondoggle, detailing the many moments in which chances were missed to stop the damage from spreading as far as it did.

Posted on Sep 2, 2009 READ MORE


Dow Jones falls
AP photo / Frank Franklin II

Jobless Rate Rises, Stock Market Dives

The employment market and the stock market both took major hits Thursday, with new jobless claims registering as high as 627,000 and market indicators like the Dow Jones industrial average and the Nasdaq composite index dipping alarmingly low.

Posted on Feb 19, 2009 READ MORE


Madoff
streetinsider.com

Top Broker Busted for $50B ‘Ponzi Scheme’

Here’s yet another candidate for the expanding collection of Tales from the Dark Side of Wall Street (is there any other side?): The Wall Street Journal reported Friday that Bernard L. Madoff, a top trader for nearly five decades who has served as chairman of the Nasdaq Stock Market, was arrested this week after his sons turned him in for engineering an elaborate “Ponzi scheme.”

Posted on Dec 12, 2008 READ MORE


NYSE
Wikimedia Commons / Asymptote Architecture

Stocks Zoom as International Financial Community Rallies

The Dow shot up more than 900 points Monday after nations around the world pitched into the effort to resuscitate the dangerously flagging global marketplace by announcing their own rescue plans.

Posted on Oct 13, 2008 READ MORE


trading floor
AP photo / Richard Drew

Shades of ‘29?

Thursday was not a good day on Wall Street, with the Dow dropping over 362 points to close at 13,567.87.  Meanwhile, the S&P 500, like the Dow, fell 2.6 percent, and the Nasdaq also took a hit, dipping 2.25 percent by day’s end.

Posted on Nov 1, 2007 READ MORE


Google CFO Says Growth Is Slowing

The 800-pound gorilla’s rampage has started to slow down a bit, as evidenced by the chief financial officer’s admission that the search company will have to find new ways to boost revenue.
Related: Check out Truthdig’s eye-opening report on Google’s grasp of the intimate details of your life.

Posted on Feb 28, 2006 READ MORE


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