Paul Shread

The market ended the week on a down note on news that the economy added only 6,000 jobs last month and the average work week unexpectedly shrank. Factory orders also fell, continuing a string of weak economic data. The ISDEX http://www.wsrn.com/apps/ISDEX/ lost 2 to 88, and the Nasdaq fell 32 to 1247. The S&P 500 […]

Stocks plunged Thursday on a much weaker than expected manufacturing report. The ISDEX http://www.wsrn.com/apps/ISDEX/ lost 3 to 91, and the Nasdaq fell 48 to 1280. The S&P 500 lost 26 to 884, and the Dow plunged 229 to 8506. Volume declined to 1.67 billion shares on the NYSE, and 1.55 billion on the Nasdaq. Decliners […]

Stocks rebounded from early losses on Tuesday despite a larger than expected drop in consumer confidence. The ISDEX http://www.wsrn.com/apps/ISDEX/ rose 1 to 98, and the Nasdaq climbed 8 to 1344. The S&P 500 gained 3 to 902, and the Dow slipped 31 to 8680. Volume rose to 1.83 billion shares on the NYSE, but declined […]

Stocks soared for the second time in a week on Monday, with the Dow up nearly 500 points yet again. The ISDEX http://www.wsrn.com/apps/ISDEX/ rose 6 to 97, and the Nasdaq surged 73 to 1335. The S&P 500 gained 46 to 898, and the Dow soared 447 to 8711. Volume declined to 1.78 billion shares on […]

Stocks ended a volatile week on a high note on Friday. The ISDEX http://www.wsrn.com/apps/ISDEX/ added 1 to 90, and the Nasdaq gained 22 to 1262. The S&P 500 rose 14 to 852, and the Dow climbed 78 to 8264. Volume declined to 1.8 billion shares on the NYSE, and 1.69 billion on the Nasdaq. Advancers […]

Stocks were restrained Thursday by weak home sales and durable orders and news of SEC probes of AOL and Tyco. The ISDEX http://www.wsrn.com/apps/ISDEX/ fell 6 to 89, and the Nasdaq dropped 50 to 1240. The S&P 500 lost 4 to 838, and the Dow gave back 4 to 8186. Volume declined to 2.41 billion shares […]

The sight of Adelphia executives being led away in handcuffs and reassurances from JP Morgan that the company isn’t in financial trouble sparked the best gain for the Dow industrials in 15 years on Wednesday. The ISDEX http://www.wsrn.com/apps/ISDEX/ gained 4 to 96, and the Nasdaq soared 60 to 1290. The S&P 500 surged 45 to […]

Bank stocks plunged Tuesday on Enron fears and worries about derivative problems at JP Morgan, and technology stocks were battered once again. The ISDEX http://www.wsrn.com/apps/ISDEX/ fell 4 to 91, and the Nasdaq dropped 53 to 1229. The S&P 500 lost 22 to 797, and the Dow fell 82 to 7702. Volume rose to 2.44 billion […]

The open source Globus Toolkit took a couple of giant steps toward commercial acceptance this week, winning support from IBM as well as its first commercial adoption. At Global Grid Forum 5 in Edinburgh, IBM announced that it has become the first major IT vendor to provide commercial support and distribution of the Globus Toolkit. […]

Stocks plunged once again on Monday on news that WorldCom had filed for bankruptcy protection and financial giant Citigroup had arranged unusual funding for Enron. The ISDEX http://www.wsrn.com/apps/ISDEX/ fell 2 to 96, and the Nasdaq dropped 36 to 1282. The S&P 500 lost 27 to 819, and the Dow fell 234 to 7784, just 300 […]

Positive earnings news from GE and Dell got the market off to a strong start on Friday, but the rally fizzled on a much weaker than expected consumer sentiment reading and terrorism fears. The ISDEX http://www.wsrn.com/apps/ISDEX/ was unchanged at 102, and the Nasdaq slipped 1 to 1373. The S&P 500 lost 5 to 921, and […]

Stocks fell sharply again on Thursday, but this time they came back all the way, with tech stocks leading the way. The ISDEX http://www.wsrn.com/apps/ISDEX/ rose 3 to 102, and the Nasdaq climbed 28 to 1374. The S&P 500 added 6 to 927, and the Dow slipped 11 to 8801. Volume soared to 2.11 billion shares […]