Dow-nward Spiral

Staff / Truthdig Nov 21, 2008 In a little over two weeks, the Dow has tumbled more than 2,000 points as bad economic news continues to pile up. Word on Thursday that jobless claims hit a 16-year high, combined with a dreary outlook for Detroit and a lack of confidence in major financial institutions, helped drive the DJIA down to 7,552.29. Dig deeper ( 1 Min. Read )

How to Stabilize the Stock Market

Mike Keefe, The Denver Post Nov 14, 2008 Dig deeper

What Goes Down … Dow Up 10 Percent

Staff / Truthdig Oct 29, 2008 The Dow shot up 889.35 points on Tuesday, a welcome respite from Wall Street's month of plunges. Things could still get a lot worse: While some buyers snapped up what looked like bargain stocks, others said they expected a major drop before things get better. Dig deeper ( 1 Min. Read )

Brokers Gone Wild: Market Closes Up

Staff / Truthdig Oct 17, 2008 The Dow gained 401.35 points Thursday but had volatile swings through most of the day. Investors, The Wall Street Journal reports, are still trying to figure out what stage of suck the economy is in. Dig deeper ( 1 Min. Read )

What Goes Up … Dow Plummets 733

Staff / Truthdig Oct 16, 2008 It seems like only a couple of days ago that the Dow jumped 936 points. The market went back to freaking everyone out on Wednesday, with a sobering drop of 733.08 points. Stimuli and bailouts aside, it appears that we're in for a substantial recession. Dig deeper ( 1 Min. Read )

Stocks Zoom as International Financial Community Rallies

Staff / Truthdig Oct 13, 2008 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. Dig deeper ( 1 Min. Read )

Dow Plummets as Debt Soars

Staff / Truthdig Oct 10, 2008 After seven straight drops, the Dow landed at 8579.19 on Thursday, a year to the day after hitting a record of more than 14,000 points. The owners of the national debt clock in New York, meanwhile, announced they will add two digits to the board in order to display a quadrillion -- because that's where we're headed. Dig deeper ( 1 Min. Read )

And Now, Even More Bad Financial News

Staff / Truthdig Oct 8, 2008 There will hopefully come a day when the news from Wall Street is actually good (at the moment, anything better than utterly terrifying news would be nice), but Tuesday was not that day, despite Federal Reserve Chairman Ben Bernanke's intimations that help could soon be on the way. Dig deeper ( 1 Min. Read )

Oil Prices Dip, Stocks Rise

Staff / Truthdig Aug 6, 2008 Finally, some slightly better financial news has hit the wires after months of sobering reports: Oil prices dropped to a three-month low on Tuesday, which may be due to "the softening market," as one analyst puts it in this NYT account, but whatever the reason it still means a slight reprieve from weeks of punishing prices. Stock markets had their biggest gains in four months. Dig deeper ( 1 Min. Read )

Top WSJ Editor Stepping Down as Murdoch Moves In

Staff / Truthdig Apr 22, 2008 Wall Street Journal Managing Editor Marcus Brauchli is said to be leaving his post after 24 years at the paper -- an unexpected development that media-watchers are attributing to conflict over new owner Rupert Murdoch's plans for the newspaper. Dig deeper ( 1 Min. Read )

Amid Economic Whiplash, a Bit of Glad News

Staff / Truthdig Mar 25, 2008 A sense of gloom still hangs over the economy, but there was cause for celebration Monday. Home sales are up for the first time in months, the dollar has regained some ground against the euro, and Wall Street had a triple-digit day. So why aren't investors smiling? Dig deeper ( 1 Min. Read )

U.S. Job Loss Highest in 5 Years

Staff / Truthdig Mar 7, 2008 The short month of February was long on economic problems, as 63,000 U.S. jobs were lost over the 29 days. In other words, for those betting that a recession isn't around the corner, the outlook is dim. Dig deeper ( 1 Min. Read )