Lawmakers may have authorized the U.S. Treasury to spend up to $700 billion to buy bad mortgage loans - but Wall Street is still on edge. For the first time in 5-years the Dow Jones blue chip average plunged way below 9,800 on Monday; at one point falling nearly 600 points, before recovering some of those losses by lunchtime. The markets are basically picking up where they left off last week. Investors are not convinced the government's plan will be a quick fix for the problems plaguing the economy, which began with the housing slump. Alan Valdes is director of floor operations at Hilliard Lyons at the New York Stock Exchange. SOUNDBITE: Alan Valdes, director of floor operations, Hilliard Lyons (English) saying: "And to see no follow-through on such a huge government bailout, I mean you expected maybe a little selloff, but nothing like this in the last two days. It is very disconcerting. There is no volume. So it is very troubling to see the way the markets are."...
Global investors took another beating on signs the financial crisis is spreading beyond the United States. Panic selling briefly plunged the Dow 800-points lower; in a global sell-off that was so...
The U.S. Senate is set to vote Wednesday night on a $700-billion US financial bailout plan that was narrowly defeated Monday in the House of Representatives. Following a day of closed-door...
Investors bet the Federal Reserve will cut rates at its meeting on Wednesday - which helped offset lingering worries of a recession. Stocks bounced back from a lower opening to rally 176 points...
Stocks posted solid gains with beaten-down financial shares staging a comeback on news of a big capital infusion into a major global bank. The Dow jumped 101 points. The S&P posted an...
Price hikes, waning consumer confidence and profit warnings took the steam out of U.S. markets Tuesday. At the close the Dow lost 34 points, the S&P 500 gave up 3, and the Nasdaq shed 17....
Yahoo has finally given an answer to Microsoft - no thank you. The Internet media company called Microsoft's unsolicited $41 billion bid - too low- saying the cash and stock deal...
Wall Street enjoyed a happy ending to what was the worst January for the Nasdaq on record. At one point the market was up more than 2 percent on Thursday. The Dow settled with a 207 point gain....
Early hopes of an end to the brutal sell-off on North American stock markets quickly faded Friday as investors appeared unimpressed by White House efforts to revive a slumping U.S. economy....
What a difference a year makes! One year ago Wall Street was in party mode as the stock market reached all-new lifetime highs, but that was then....and this is now. The Dow has tumbled some 35...
Despite a global selloff, Wall Street seems to have dodged the bullet - for now. Although stocks dropped 2 percent at they open, following steep losses in Asia and Europe, they quickly pared back...
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