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A collection of news and information related to Stock Market published by Tribune Company sources.
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Roller coaster day for Wall St.
Associated PressWall Street gave up a sharp advance and turned moderately lower yesterday after falling oil prices failed to calm nervousness about the economy. The Dow Jones industrial average surged by nearly 250 points as oil prices dropped to $105.46 a barrel...Tags: Commodity Markets, Energy Saving, Stock Activities, Hurricane Gustav, Petroleum Industry
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Russian measures fail to lift stock markets
MOSCOW Efforts by the Russian government to prop up the country's troubled banking sector with fresh cash injections did little to lift stock markets a day after they suffered their worst-ever day of trading. President Dmitry Medvedev unveiled new...Tags: Stock Broking, Dmitry Medvedev, Petroleum Industry
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Stocks down again after erratic trading
Associated PressA stock market empowered by an emergency interest rate cut tried to find some stability yesterday, rallying several times before another late-day drop left Wall Street down for the sixth straight day. Still, the pullback, while fed by comments from...Tags: Federal Reserve, Money and Monetary Policy, Credit Ratings, Car Safety Tips and Advice, Financial Markets
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Financial crisis brings global cooperation as everyone scrambles
Economic turmoil and yesterday's unprecedented international interest-rate reductions provide the harshest reminder yet that political borders are no shield against financial avalanches.
The U.S. housing crisis has become the global credit crunch....Tags: Johns Hopkins University, Money and Monetary Policy, Federal Reserve, Mortgages, European Union
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Legg Mason's shares plunge to 9-year low for greatest percentage drop in company history
Shares of Baltimore's Legg Mason Inc. suffered the largest one-day percentage drop in its history as a public company yesterday and plunged to their lowest price in almost 10 years. Legg's shares fell nearly 25 percent, or $6.25, to $19 in a broad market...Tags: Federal Reserve, Sales, Morningstar Incorporated, Moody's Corporation, Financial Markets
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Panicky sell-off drags the Dow under 9,000
From Sun news servicesA runaway train of a sell-off turned the anniversary of the stock market peak into one of the worst days in Wall Street history yesterday, driving the Dow Jones industrials down a breathtaking 678.91 points and deepening a financial crisis that has defied...Tags: Money and Monetary Policy, Heads of State, Federal Reserve, National Government, Interest Rate
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Stockbrokers are doing a lot of hand-holding
Stockbroker Bruce Alderman's client returned home from a trip just in time to watch the stock market shed the most points ever in a single day and to hear that his bank, Wachovia, was being acquired by Citigroup.
Yesterday morning, the client rang up his...Tags: Citigroup Incorporated, National Government, Local Elections, Investments, Financial Markets
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Markets storm back
Stocks rallied yesterday to a huge comeback after suffering their worst week ever. The Dow Jones industrial average climbed 936 points - the biggest one-day gain in its 112-year history - as several countries took concerted steps to ease the financial...Tags: Bonds, The Goldman Sachs Group Incorporated, Petroleum & Resources Corporation, Mitsubishi UFJ Financial Group Incorporated, T. Rowe Price
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Stocks bounce back
Associated PressWall Street snapped back yesterday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money...Tags: National Government, George Bush, Stock Broking, The White House, Upper House
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Bailout bill passes Senate
Los Angeles TimesThe Senate voted reluctantly but solidly in favor of a modified $700 billion Wall Street rescue plan last night, but it remained uncertain whether the legislation - even with a carefully designed package of tax breaks - would withstand the fierce...Tags: National Government, Commuting, Steve King, Illnesses, Jim Ramstad
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Dow finishes a relatively calm day down 76 points
Associated PressWall Street ended a relatively calm session with a moderate loss yesterday as investors, while pleased with the government's plans to spend $250 billion to buy stock in private banks, chose to cash in some of their profits from the previous day's huge...Tags: George Bush, Heads of State, Stock Activities, Government, Financial Markets
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Dow continues to slide
Associated PressThe misery worsened on Wall Street yesterday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector....Tags: Federal Reserve, Stock Activities, Financial Markets
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