Chris Nerney

The Dow Jones’ current dismal stretch turned darker Tuesday as blue chips never got above water, finishing down 166 points to 8473. It marked the seventh consecutive drop for the Dow, the longest losing streak for the industrials index in 18 years. Despite optimistic words about the economy Tuesday morning from Federal Reserve chief Alan […]

An afternoon rally Monday rescued the market from a potentially disastrous day that saw the Dow Jones fall as much as 440 points and the Nasdaq threaten to plunge below 1300. But by the time the closing bell had rung, the Dow had erased 90% of its losses to finish down 45 points, closing at […]

For awhile on Friday it looked like the market was going to give investors a break to end a trading week roiled by news of more corporate financial scandal. But a mid-afternoon slump erased earlier gains, and when the final bell rang, stocks ended up about where they began. The Dow Jones fell 30.67, or […]

After two dismal trading days to finish last week, stocks rebounded strongly on Monday, with several technology companies leading an ascent that helped pushed the Dow over the 10000 mark. The ISDEX http://www.wsrn.com/apps/ISDEX/ gained 5 to 122, while the Nasdaq climbed 51, or 3.2%, to 1652. The Dow shot up 169 points, or 1.7%, to […]

Continuing to aggressively push the development of Grid technology, IBM announced this week that the company and two leading Grid computing organizations will soon deliver new specifications for common protocols for Grid computing. IBM Server Group senior vice president William Zeitler told a LinuxWorld audience in New York that Big Blue was working with the […]

PC users have been asked to join the battle against anthrax. And the weapons they’ll wield are their own machines’ processing power and distributed computing technology. A group of scientists and leading tech companies on Tuesday issued a global request for PC users to join the Anthrax Research Project, an international effort to speed the […]

The market’s euphoria over the Federal Reserve’s 10th rate cut of the year was short-lived, as the Dow Jones fell Wednesday and the Nasdaq eked out a sliver of a gain despite a late-afternoon plunge that saw the techs dip into the red right before the closing bell. The Nasdaq closed at 1837.5, a gain […]

Capping a week of historically disastrous proportions, stocks on Friday continued their freefall in the wake of the deadly Sept. 11 terrorist attacks on the U.S., with all major exchanges and indexes adding to already deep losses. Friday’s session opened with stocks dropping precipitously, with the Nasdaq briefly falling below 1400 and the Dow Jones […]

Stocks continued their upward momentum Thursday as investors remained bullish in the wake of the Fed’s latest interest-rate cut. For the second consecutive day, Internet stocks led all sectors, with internet.com’s Internet Stock Index, or ISDEX, gaining 8.08, or 3.1%, to 272.55. Thirty-three of the ISDEX’s 50 members stocks advanced in Thursday’s trading. The Nasdaq […]

After stumbling out of the starting gate Wednesday, the stock market launched a daylong ascent that saw the Dow Jones climb over the 11,000 mark for the first time in eight months. The Dow finished trading at 11215.92, a gain of 342.95, or 3.15%. The Nasdaq fared even better, rising 80.86, or 3.88%, to close […]

“Following two weeks of impressive gains that have led many investors to hope the slumping economy and stock market have turned around, Wall Street gets a gut check this week.” That’s what I wrote Monday, and barring a major rally on Friday — which won’t happen unless the gross domestic product figure due to be […]

Like Internet auction giant eBay, online real estate company Homestore.com has quickly built a strong and uniquely defensible market position. And like eBay, HOMS can now point to a string of profitable quarters and a bullish outlook for the rest of the year. The company’s first-quarter earnings report, released after the market closed on Wednesday, […]