Paul Shread

Investors continued to buy stocks despite warnings and downgrades, sending the Dow back above 9000 for the first time in six weeks. The Nasdaq climbed 13 to 1422, the S&P 500 rose 13 to 962, and the Dow gained 96 to 9053. Volume rose to 1.36 billion shares on the NYSE, and 1.84 billion on […]

Investors bid stocks higher Wednesday despite warnings and downgrades, focusing instead on the first guilty plea in the Enron case. The Nasdaq climbed 32 to 1409, the S&P 500 rose 11 to 949, and the Dow gained 85 to 8957. Volume rose to 1.34 billion shares on the NYSE, and 1.62 billion on the Nasdaq. […]

Stocks gave back some gains on Tuesday on concern over the rising price of crude oil, which hit $30 a barrel for the first time since May. The Nasdaq fell 17 to 1376, the S&P 500 lost 13 to 937, and the Dow fell 118 to 8872. Volume edged higher to 1.28 billion shares on […]

Stocks surged once again on Monday, as traders ignored weak economic data and focused on strong retail earnings. The Nasdaq surged 33 to 1394, the S&P 500 gained 21 to 950, and the Dow bolted 212 to 8990. Volume edged higher to 1.29 billion shares on the NYSE, and 1.58 billion on the Nasdaq. Advancers […]

An apparent asset allocation from bonds into stocks sent the stock market soaring on Wednesday, recovering all of Tuesday’s losses and then some. Wednesday was also the deadline for about 700 companies to certify their results with the SEC. About 40 had failed to do so by the deadline, but they could seek a 5-day […]

Stocks fell sharply Tuesday after the Federal Reserve said the economy may be weakening but did not cut interest rates. Reports of U.S. military maneuvers in the Persian Gulf also weighed on stocks. The Nasdaq dropped 37 to 1269, the S&P 500 lost 19 to 884, and the Dow fell 206 to 8482. Volume rose […]

Stocks were mixed ahead of the Federal Reserve’s decision on interest rates on Tuesday. A bankruptcy filing by US Airways also weighed on stocks. Only one firm, Morgan Stanley, expects a rate cut tomorrow, and traders are evenly divided over whether the Fed will maintain its neutral bias or move to an easing bias. The […]

Storage stocks were battered Friday on a warning from Emulex. The Nasdaq lost 10 to 1306, the S&P 500 climbed 3 to 908, and the Dow gained 33 to 8745. Volume fell to 1.25 billion shares on the NYSE, and 1.33 billion on the Nasdaq, one of the lowest volume days of the year for […]

Weak retail sales, accounting fraud, terrorist threats, none of that mattered on Thursday as stocks soared for the third straight day, boosted by an IMF bailout of Brazil. The Nasdaq rose 35 to 1316, the S&P 500 climbed 28 to 905, and the Dow surged 255 to 8712. Volume rose to 1.65 billion shares on […]

Stocks surged out of the gate on Wednesday, but gave back all their gains and then some before rallying back to close near the highs of the day. The ISDEX http://www.wsrn.com/apps/ISDEX/ finished up fractionally to 90, and the Nasdaq rose 21 to 1280. The S&P 500 climbed 17 to 876, and the Dow surged 182 […]

Cisco capped an up day for stocks with better than expected earnings, but lower than expected revenues and a slight revenue warning. But the stock rose after hours when the company said it will comply with an SEC order to certify its earnings. The ISDEX http://www.wsrn.com/apps/ISDEX/ surged 5 to 89, and the Nasdaq rose 53 […]

Signs of a slowdown in the services sector led to a broad-based stock market sell-off on Monday. The ISDEX http://www.wsrn.com/apps/ISDEX/ lost 3 to 84, and the Nasdaq fell 41 to 1206, its lowest close in more than five years. The S&P 500 dropped 29 to 834, and the Dow plunged 269 to 8043. Volume declined […]