Wall Street falters on rising yields, geopolitical risks

By Lisa Pauline Mattackal and Pranav Kashyap

October 7, 202412:23 PM EDT

Updated 4 min ago

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 19, 2024. REUTERS/Brendan McDermid/File Photo

Summary Companies

• CBOE Volatility index hits over one-month high
• Pfizer gains on report Starboard Value takes $1 bln stake in co
• Oil stocks track crude prices higher
• Indexes down: Dow 0.5%, S&P 500 0.3%, Nasdaq 0.4%

Oct 7 (Reuters) - U.S. stock indexes fell on Monday, pressured by rising Treasury yields as markets recalibrated expectations for the Federal Reserve rate cuts, while rising conflict in the Middle East kept traders on the sidelines.

Wall Street extends losses; Nasdaq off one percent

NEW YORK | Thu Feb 21, 2013 1:31am IST

(Reuters) - U.S. stocks extended losses on Wednesday following minutes from the U.S. Federal Reserve that suggested the central bank may have to slow or stop buying assets before seeing a pickup in hiring.

The Dow Jones industrial average .DJI was down 68.54 points, or 0.49 percent, at 13,967.13. The Standard & Poor's 500 Index .SPX was down 13.14 points, or 0.86 percent, at 1,517.80. The Nasdaq Composite Index.IXIC was down 33.43 points, or 1.04 percent, at 3,180.16.

(Reporting by Angela Moon; Editing by Jan Paschal)




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Wicked Wednesday on Wall Street

Photo (Courtesy) http://nation.foxnews.com/dow/2011/08/10/fear-rushes-back-dow-plummets-520-points

As the old saying goes: "Here we go again."

This jobless recovery is looking more and more like the misnomer that it is. No jobs, no recovery!

Today, the Dow Jones Industrial dropped 520 points. The Dow had also dropped 635 points two days ago, on Monday; Previously, the Dow had also closed 513 points lower on Friday 8/5/11. That's a total of 1668 points loss within 4 days of trading on Wall Street.

I know that's a bunch of bad news for less that a week; But look at the bright side, at least we got Rahm Emanuel as Mayor of Chicago.

Here's the story:

US stocks plummet over 4pc

From correspondents in New York
From: AFP
August 11, 20117:09AM


US stocks plummeted over four per cent today, more than wiping out the gains of yesterday's rebound as European debt troubles and worries of a new US recession kept investors nervous.

The Dow Jones Industrial Average was down 519.83 points (4.62 per cent) to 10,719.94 at closing, compared to its 430-point gain yesterday.

The broader S&P 500 fell 51.77 points (4.42 per cent) to 1120.76, while the tech-heavy Nasdaq lost 101.47 (4.09 per cent) to 2381.05.

The drop came after much steeper falls on European bourses, spurred by worries of possible problems with Greece's new bailout deal and a rumoured ratings downgrade of France and/or French banks.

Bank shares led the drop in the US markets, amid speculation that they faced more pressure to stop parking money with the central bank and begin lending.

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Dow falls 635 points in 6th-worst loss

The sell-off is prompted by S&P's downgrade of US debt and worries about Europe's financial system. Fannie Mae and Freddie Mac are downgraded as well. Gold finishes above $1,700; oil drops below $84. Bank of America falls 20%.

By Charley Blaine on Mon, Aug 8, 2011 12:28 PM

Updated: 6:20 p.m. ET

The Great Sell-Off of 2011 became the Great Rout of 2011 as worries about European debt problems and the impact of Standard & Poor's downgrade of U.S. debt on domestic and global growth combined to push stocks to their biggest one-day losses since December 2008.

The Dow Jones Industrial Average ($INDU) suffered a loss of 635 points, or 5.5%, to 10,810, its sixth-worst point loss ever. And that was actually a decent performance, relatively speaking.

The Standard & Poor's 500 Index ($INX) was off 6.7%, and the Nasdaq Composite Index ($COMPX) fell nearly 7%. Stocks in Asian and Europe also slumped.

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NASDAQ and ICE discuss about joint bid for NYSE Euronext

Submitted by Upneet Sandhu on Mon, 02/21/2011 - 17:36 Finance Sector

It now seems to be a less probable to get the merger done between the ICE: 127.22, 0.00, 0.00% (Intercontinental Exchange Incorporation) and the NASDAQ: 29.07, 0.00, 0.00% i. e. the NASDAQ OMX Group. However the bid for NYSE Euronext cannot be fully considered as closed because there are still discussions being held about the combined bid made for NYSE.

Earlier in this weekend Fox business has come to know about from some sources that the Intercontinental Exchange Incorporation (ICE) did not want to be controlled or regulated by the Securities & Exchange Commission. It was assumed by the ICE and also NASDAQ that in order to wrest the NYSE Euronext from the Deutsche Boerse they will have to pay an amount of money of near about 11 billion dollars.

Last week the Deutsche Boerse had agreed to obtain the Big Board. It has been determined by the ICE as well as NASDAQ that the antitrust issues would not act as barrier. NASDAQ is determined to take on the stock listings of the New York Stock Exchange (NYSE). It has been known that the Deutsche Boerse is willing for the merger with the NYSE Euronext. They have agreed to merge with plans of forming a Trans Atlantic exchange. The major hubs of the company will be at Frankfurt and New York. This deal which is soon expected to be a reality has created a fever of merger among the other major stock exchanges of the world. There have been discussions going on between the ICE and the Nasdaq OMX regarding the rival bid for NYSE.

According to some sources the ICE and NASDAQ are assumed to be making a move in the next five to seven days. In the mean time it has been known that the Bats Global Market has decided to obtain the Chi – X Europe. In other words this deal means the combing of the trading operations of Europe and the United States.
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