Paul Shread

Earnings warnings from Ciena and Lucent and weaker than expected retail sales sparked a broad market sell-off on Thursday. The ISDEX http://www.wsrn.com/apps/ISDEX/ dropped 12 to 180, and the Nasdaq plunged 64 to 1946. The S&P 500 fell 17 to 1119, and the Dow lost 128 to 9766. Volume rose to 1.43 billion shares on the […]

Stocks fell early Wednesday after American Express issued the second profit warning by a Dow component in two days, but the market recovered by the close. The ISDEX http://www.wsrn.com/apps/ISDEX/ rose 1 to 192, and the Nasdaq gained 9 to 2011. The S&P 500 was up fractionally to 1137, and the Dow climbed 6 to 9894. […]

The Federal Reserve’s 11th rate cut this year was almost an afterthought on Tuesday, as bulls and bears did battle over differing outlooks from Nokia and Merck. The ISDEX http://www.wsrn.com/apps/ISDEX/ rose 3 to 190, and the Nasdaq gained 9 to 2001. The S&P 500 slipped 3 to 1136, and the Dow lost 33 to 9888. […]

Stocks fell across the board on Monday ahead of Tuesday’s Federal Reserve decision on interest rates. The ISDEX http://www.wsrn.com/apps/ISDEX/ slipped 2 to 187, and the Nasdaq lost 29 to 1992. The S&P 500 fell 18 to 1139, and the Dow dropped 128 to 9921. Volume declined to 1.1 billion shares on the NYSE, and 1.67 […]

A better than expected outlook from Intel did little to boost stocks on Friday, as traders focused instead on a weaker than expected jobs report. The ISDEX http://www.wsrn.com/apps/ISDEX/ fell 6 to 189, and the Nasdaq lost 33 to 2021. The S&P 500 slipped 8 to 1158, and the Dow gave back 49 to 10,049. Volume […]

The Dow surged past 10,000 on Wednesday and the Nasdaq past 2000, as investors become increasingly convinced that an economic recovery is right around the corner. The ISDEX http://www.wsrn.com/apps/ISDEX/ bolted 9 to 193, and the Nasdaq soared 83 to 2046. The S&P 500 surged 25 to 1170, and the Dow soared 220 to 10,114. Volume […]

“Limited visibility” is now a good thing. Cisco rose Tuesday despite that assessment from CEO John Chambers, and chip stocks soared after UBS Warburg called the bottom in the equipment sector. The ISDEX http://www.wsrn.com/apps/ISDEX/ surged 10 to 183, and the Nasdaq soared 58 to 1963. The S&P 500 gained 14 to 1144, and the Dow […]

Mideast tensions, a deepening financial crisis in Argentina and Enron’s bankruptcy filing all weighed on stocks on Monday. The ISDEX http://www.wsrn.com/apps/ISDEX/ fell 6 to 172, and the Nasdaq lost 25 to 1904. The S&P 500 declined 9 to 1129, and the Dow fell 87 to 9763. Volume declined to 1.2 billion shares on the NYSE, […]

Lower than expected GDP and manufacturing readings restrained stocks on Friday. The ISDEX http://www.wsrn.com/apps/ISDEX/ slipped 1 to 179, and the Nasdaq lost 2 to 1930. The S&P 500 declined fractionally to 1139, and the Dow rose 22 to 9851. Volume declined to 1.34 billion shares on the NYSE, and 1.81 billion on the Nasdaq. Decliners […]

Stocks recovered on Thursday after investors shook off fears about the effect of the pending Enron bankruptcy. The ISDEX http://www.wsrn.com/apps/ISDEX/ rose 3 to 180, and the Nasdaq gained 45 to 1933. The S&P 500 climbed 11 to 1140, and the Dow rose 117 to 9829. Volume declined to 1.37 billion shares on the NYSE, but […]

Stocks were battered again on Wednesday, led lower by blue chips that stand to lose hundreds of millions if Enron files for bankruptcy. The ISDEX http://www.wsrn.com/apps/ISDEX/ fell 10 to 177, and the Nasdaq dropped 48 to 1887. The S&P 500 lost 20 to 1128, and the Dow fell 160 to 9711. Volume rose to 1.4 […]

Stocks fell in volatile trading Tuesday on a weaker than expected reading in consumer confidence. The ISDEX http://www.wsrn.com/apps/ISDEX/ rose fractionally to 187, and the Nasdaq slipped 5 to 1935. The S&P 500 lost 7 to 1149, and the Dow fell 110 to 9872. Volume surged to 1.3 billion shares on the NYSE, and 2.13 billion […]