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Keyword: nasdaq

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  • S&P 500 rises to record, Nasdaq climbs to 14-year high

    02/24/2014 1:25:25 PM PST · by SeekAndFind · 35 replies
    Reuters via Yahoo Finance ^ | 02/24/2014 | By Caroline Valetkevitch
    U.S. stocks jumped on Monday, with the S&P 500 climbing above key resistance to a record high, as optimism over merger activity helped Wall Street erase this year's early weakness. Gains were broad, with nine of the 10 S&P 500 sectors up on the day and a number of bellwethers, including Caterpillar Inc and Merck & Co , hitting 52-week highs. Among merger and acquisition news, RF Micro Devices Inc agreed to buy TriQuint Semiconductor Inc for about $1.6 billion, while Men's Wearhouse Inc raised its cash tender offer for rival men's clothing retailer Jos. A. Bank Clothiers Inc to...
  • Putting Nasdaq 4,000 in perspective: How today compares to when Nasdaq first traded at 4,000

    11/26/2013 4:55:42 AM PST · by SeekAndFind · 4 replies
    MarketWatch ^ | 11/26/2013 | By Mark Hulbert,
    The stock market may very well be overvalued right now. Indeed, with the Nasdaq Composite Index COMP +0.07% finally trading above the 4,000 level this week, the first time in 13 years, comparisons to the Internet bubble are perhaps unavoidable. Nevertheless, a sober assessment of the data shows that the market today is well less overheated than it was in December 1999, the first time this index traded above 4,000. In other words, whatever else you say about what’s happened over the last 13 years, at least some of the overvaluation that prevailed at the top of the Internet bubble...
  • First Google, then Amazon, Next the NASDAQ and Now eBay is Down Hard

    08/23/2013 2:43:45 AM PDT · by Iron Munro · 27 replies
    Shenandoah (blog) ^ | August 23, 2013 03:45 ET | John Galt
    I don’t know what’s going on around here (see this thread) but there is a definite trend on what is happening to major web based companies this week. When I tried to check my eBay account this morning, this is the message I received: "THIS PAGE CAN'T BE DISPLAYED"
  • And Now The NYSE Breaks: NASDAQ HAS DECLARED SELF HELP AGAINST NYSE ARCA

    08/22/2013 2:45:54 PM PDT · by SatinDoll · 44 replies
    Zero Hedge ^ | August 22, 2013 | Tyler Durden
    Wondering why the ES is soaring? Because the NYSE just broke, too. NASDAQ HAS DECLARED SELF HELP AGAINST NYSE ARCA (ARCA) NASDAQ DECLARES SELF HELP AGAINST NYSE ARCA AS/OF 15:26:42 E.T NYSE ARCA HAVING DIFFICULTY PROCESSING OUTBOUND TAPE C QUOTES And BATS too: BATS HAS DECLARED SELF-HELP AGAINST ANOTHER MARKET CENTER BATS SAYS ROUTING TO NYSE ARCA HAS BEEN SUSPENDED AS OF 15:39 An absolute circus meant only to preserve confidence in a rigged, manipulated system based on incorrect electronic trades.
  • 160 million credit cards later, 'cutting edge' hacking ring cracked

    07/25/2013 1:59:48 PM PDT · by Jim Robinson · 24 replies
    NBC News ^ | By Bob Sullivan
    For nearly a decade, a band of cybercriminals rampaged through the servers of a global business who's who: Among the victims were 7-Eleven, Dow Jones, Nasdaq, JetBlue and JC Penney. Prosecutors say the hackers stole "conservatively" 160 million credit card numbers, and the dollar value of the crimes they helped facilitate is enormous — just four of the victims are out $300 million. The suffering caused to identity theft victims was "immeasurable," say prosecutors. On Thursday, five of the gang's members were indicted. One is in custody in the U.S., a second is awaiting extradition in the Netherlands, and three...
  • The NASDAQ Got Slammed, And Big Banks Surged — One Firm Thinks This Is A Sign Of Things To Come

    12/05/2012 8:00:31 PM PST · by blam · 1 replies
    <p>It was an interesting an odd day today. Shares of tech leader Apple got destroyed for seemingly no reason, bringing down the NASDAQ.</p> <p>On the other hand, mega-banks like Bank of America and Citi (which announced huge layoffs) surged.</p> <p>That brings us to this recent chart from SocGen, comparing tech vs. banks.</p>
  • Facebook closes below its pre-IPO price range (Down nearly 40% from IPO high of $45...)

    06/01/2012 4:44:37 PM PDT · by jimbo123 · 15 replies
    NY Post ^ | 6/1/12 | MARKETWATCH / NEWSCORE
    Facebook Inc.'s shares slumped to a record closing price on Friday, this time falling below the initial price range that was set when it began the quest for its stock market debut. Facebook shed 6.4 percent to close at $27.72, a new low, as the stock was swept down in a broad market retreat.
  • Dow, Nasdaq: Worst month in two years

    05/31/2012 2:10:55 PM PDT · by Signalman · 7 replies
    CNNMoney ^ | 5/31/2012 | Hibah Yousuf
    NEW YORK (CNNMoney) -- U.S. stocks finished in the red Thursday, ending a wretched month on a weak note. "May is always a difficult month for the market, and this month has lived up to that reputation," said Fred Dickson, chief market strategist at D.A. Davidson, noting that the market has suffered declines in May for three out of the last four years. This month's weakness was by sparked escalating concerns about the eurozone debt crisis, with Spain and Greece keeping contagion worries front and center, as well as fears about a slowing U.S. economy. CNNMoney's Fear & Greed Index,...
  • Facebook IPO trading glitch may cost Nasdaq over $100 mln

    05/22/2012 4:37:31 AM PDT · by TigerLikesRooster · 9 replies
    Facebook IPO trading glitch may cost Nasdaq over $100 mln Washington, Mon, 21 May 2012 ANI Washington, May 21 (ANI): A trading glitch at Nasdaq during last Friday's Initial Public Offering for Facebook may end up costing the American stock exchange nearly a 100 million dollars to compensate the losses, according to a report. Fuming traders and investors have slammed Nasdaq with demands that the exchange make good on losses they say were incurred during the messy execution of the Facebook IPO. Nasdaq systems essentially broke down and failed to execute buy and sell orders for the stock at various...
  • Facebook Shares Fall

    05/21/2012 8:34:23 AM PDT · by WellyP · 53 replies
    CNBC ^ | 21 May 2012 | CNBC Staff
    Facebook shares [FB 33.64 -4.5918 (-12.01%) ] plunged more than 13 percent on Monday, falling below the $38 price of the initial public offering, in the social network's second day of trading as a public company. The stock sank without the full support of the company's underwriters, leaving some investors down nearly 25 percent from where they were Friday afternoon. Facebook's debut was beset by problems, so much so that the Nasdaq said on Monday it was changing its IPO procedures.
  • FB is for "Facebook Bubble"

    05/18/2012 9:37:53 AM PDT · by cll · 21 replies
    Google Finance ^ | 5/18/2012
    Follow the slow motion train wreck here. This looks like a bubble to me. http://www.google.com/finance?q=fb#
  • Investors flee Carbonite after Limbaugh announcement (they dumped him)

    03/06/2012 2:54:50 PM PST · by Rufus2007 · 87 replies
    TheDC ^ | March 6, 2012 | Jeff Poor
    On Saturday, Carbonite CEO David Friend released a statement on his company’s website declaring that Carbonite had decided to “withdraw” advertising from Rush Limbaugh’s radio show in the wake of his controversial remarks involving Georgetown Law student Sandra Fluke because it will “ultimately contribute to a more civilized public discourse”: Even though Mr. Limbaugh has now issued an apology, we have nonetheless decided to withdraw our advertising from his show. We hope that our action, along with the other advertisers who have already withdrawn their ads, will ultimately contribute to a more civilized public discourse. However, it hasn’t done much...
  • Kosovo’s Organ-Harvester-in-Chief [Thaci] Rings NASDAQ Opening Bell, Stocks Plummet.

    09/28/2011 3:47:36 PM PDT · by Ravnagora · 7 replies
    Republican Riot ^ | September 26, 2011 | Julia Gorin
    A month after Wall St. Journal published Kosovo’s terrorist prime minister Hashim Thaci, the Heroin-Trafficker-in-Chief got to ring the opening bell at NASDAQ on Thursday. In a year when he fixed elections, was implicated in his KLA murder-for-organs scheme, and was outed by various media watchdogs to be suppressing the press, mobster/torturer/murderer Thaci — occasionally wanted by Interpol and almost barred from entering this country save for diplomatic immunity — is here with bells on.
  • S&P 500, Nasdaq, (and DOW) fall more than 4 percent

    08/04/2011 11:54:58 AM PDT · by NormsRevenge · 141 replies
    Reuters ^ | 8/4/11 | Caroline Valetkevitch
    NEW YORK (Reuters) - Investors fled stocks on Thursday, putting the S&P 500 into correction territory, as worries about the U.S. economy and European debt escalated. All three indexes were down 2 percent, having fallen more than 3 percent each at one point. Decliners beat advancers on the New York Stock Exchange by 14 to 1. "People are throwing in the towel because they can't find relief on any front. There are a lot of worries about the economy," said Milton Ezrati, market strategist at Lord Abbett Co. in Jersey City, New Jersey, which manages $110 billion in assets. The...
  • Nasdaq and ICE withdraw NYSE bid (Clears way for Deutsche Bourse)

    05/16/2011 6:45:08 AM PDT · by SeekAndFind · 1 replies
    CNN Money ^ | 05/16/2011 | Aaron Smith
    NEW YORK (CNNMoney) -- The Nasdaq OMX Group Inc. (NDAQ) and the IntercontinentalExchange (ICE) withdrew their offer to buy NYSE Euronext (NYX, Fortune 500), following discussions with the antitrust division of the U.S. Department of Justice, the companies said Monday. Nasdaq and ICE have been trying to gain favor with the NYSE board for their $11.3 billion offer since April, most recently taking it directly to the NYSE shareholders. Even that wasn't enough to appease the Justice Department. "We took the decision to withdraw our offer when it became clear that we would not be successful in securing regulatory approval...
  • Chinese Frauds Account For 80% Of Nasdaq Permanent Trading Halts

    05/12/2011 9:33:33 AM PDT · by Nachum · 3 replies
    zero hedge ^ | 5/12/11 | Tyler Durden
    In light of another fraud allegation against China Biotics which will likely soon join the Nasdaq trading halt page, we decided to take a quick look at the Nasdaq trading halts page. To our complete lack of surprise, Chinese fraud dominates with an iron fist: of 19 halted stocks (GFC has three classes of securities halted), 15 of the name are Chinese. Of these 15 Chinese names, none were on this list when we first warned of the imminent surge in reverse merger fraud back in November. Luckily, judging by the horrendous performance in recent Chinese IPOs, even with the...
  • Hackers Penetrate Nasdaq Computers

    02/05/2011 9:44:06 AM PST · by FromLori · 13 replies
    WSJ ^ | 2/5/2011 | DEVLIN BARRETT
    Hackers have repeatedly penetrated the computer network of the company that runs the Nasdaq Stock Market during the past year, and federal investigators are trying to identify the perpetrators and their purpose, according to people familiar with the matter. The exchange's trading platform—the part of the system that executes trades—wasn't compromised, these people said. However, it couldn't be determined which other parts of Nasdaq's computer network were accessed. Investigators are considering a range of possible motives, including unlawful financial gain, theft of trade secrets and a national-security threat designed to damage the exchange. The Nasdaq situation has set off alarms...
  • NASDAQ OMX CRD Global Sustainability 50 Index Expands to 100 Companies

    11/22/2010 7:56:23 AM PST · by wheresmyusa · 3 replies
    nasdaqomx.com ^ | 11/22/2010 | Press Release
    The following fifty one securities will be added to the Index: Cisco Systems Inc. (Nasdaq:CSCO), Microsoft Corp. (Nasdaq:MSFT), Applied Materials, Inc. (Nasdaq:AMAT), General Electric Company (NYSE:GE), Nike, Inc. (NYSE:NKE), Pepsico, Inc. (NYSE:PEP), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Kimberly-Clark Corp. (NYSE:KMB), Medtronic, Inc. (NYSE:MDT), Koninklijke Philips Electronics, N.V. (NYSE:PHG), Royal Bank Of Canada (NYSE:RY), Portugal Telecom SGPS, S.A. (NYSE:PT), STMicroelectronics NV (NYSE:STM), General Mills, Inc. (NYSE:GIS), Freeport-McMoran Copper & Gold, Inc. (NYSE:FCX), Chevron Corp. (NYSE:CVX), Pfizer, Inc. (NYSE:PFE), France Telecom S.A. (NYSE:FTE), Pacific Gas & Electric Co. (NYSE:PCG), Royal Dutch Shell PLC (NYSE:RDS-A), Rockwell Automation Inc (NYSE:ROK), EMC Corp. (NYSE:EMC),...
  • Al-Qaeda Threat in Philadelphia?

    06/27/2002 3:53:38 PM PDT · by all4one · 225 replies · 3,822+ views
    ABC Channel 6 Action News - Philadelphia ^ | June 27, 2002 | David Henry
    Al-Qaeda Threat in Philadelphia? Philadelphia, PA June 27, 2002 — David Henry reports from the Action Newsroom. An Action News investigation reveals that a chain of jewelry stores operating in the Delaware Valley is being investigated by the FBI for possible connections to the Al Qaeda terror network. A series of raids were carried out yesterday in Philadelphia and across the state of Pennsylvania. The stores are mostly kiosks in shopping malls operating under the name "Intrigue Jewelers." They are all owned by Pakistanis under franchise agreements with a company called Gold Concepts, based in Pennsacola, Florida. Intrigue operates stores...
  • The Leader Market Letter

    07/19/2010 10:47:48 AM PDT · by Patriot1259 · 1 replies
    TheCypressTimes.com ^ | 07/19/2010 | Richard Leader
    "Sign, sign everywhere a sign, Blocking out the scenery, breaking my mind, Do this, don’t do that, Can’t you read the sign?" --The Five Man Electrical Band, 1971 A big drop on Friday wiped out earlier gains in the week and left the Dow Jones Industrials down 1%. The Dow is lower by 3.2% since January 1. The S&P 500 pulled back 1.2%, its third weekly loss in the past four. NASDAQ showed a loss of 0.8%. Corporations reported quarterly earnings in earnest last week and the news has largely been good. So far, three out of four companies have...
  • Markets Tank To End The Week: Here's What You Need To Know

    07/16/2010 2:59:29 PM PDT · by blam · 25 replies
    The Business Insider ^ | 7-16-2010 | Gregory White
    Markets Tank To End The Week: Here's What You Need To Know Gregory White Jul. 16, 2010, 4:00 PM Bank earnings that beat estimates, and yet disappointed due to poor revenue numbers, and continued worries about the strength of the U.S. recovery brought markets down heavily today. First, the scoreboard: * Dow down 2.52% * S&P 500 down 2.88% * NASDAQ down 3.11% Notably, the euro is now trading at $1.29 and the pound is now near $1.53. Now, today's top stories: * Bank shares tumbled today on concerns over revenue weakness. Investors seem worried about banks lack of lending...
  • Markets Are Getting Hammered Right Now, NASDAQ Now Down Nearly 2.0%

    07/16/2010 7:24:29 AM PDT · by blam · 11 replies
    The Business Insider ^ | 7-16-2010 | Gregory White
    Markets Are Getting Hammered Right Now, NASDAQ Now Down Nearly 2.0% Gregory White Jul. 16, 2010, 10:12 AM All major U.S. indices are down significantly this morning, even though banks posted strong earnings this morning. Concerns seem to be centering around the lack of lending by those banks, which implies that the broader recovery will continue to remain sluggish. Dow down 1.73% S&P 500 down 1.91% The NASDAQ now down 1.97%: Notably, the CAC 40 in France is really struggling today, down 2.57%. French banks Credit Agricole, Societe Generale, and BNP Paribas are dragging the CAC down. Credit Agricole down...
  • NASDAQ Now Off 2%, As Euro Surges And Dollar Plunges

    07/01/2010 8:14:44 AM PDT · by Yo-Yo · 26 replies · 1+ views
    Business Insider ^ | Jul. 1, 2010, 10:47 AM EDT | Joe Weisenthal
    All the correlations worked until they didn't. Perhaps the biggest shock of the day is that "Risk Off" doesn't mean a knee-jerk purchase of the US Dollar. It's been plummeting all night, and is now off over 1%. [Snip] So, uh, will tomorrow's big jobs report save us?
  • The Selloff Intensifies: NASDAQ Down Nearly 3.0%!

    06/04/2010 11:28:23 AM PDT · by blam · 48 replies · 1,101+ views
    The Business Insider ^ | 6-4-2010 | Gregory White
    The Selloff Intensifies: NASDAQ Down Nearly 3.0%! Gregory White Jun. 4, 2010, 1:55 PM Update 2:10 PM: DOW down 2.64% NASDAQ down 2.96% S&P 500 down 2.8% The market selloff is intensifying as we head deeper into the afternoon. DOW down 2.61% NASDAQ down 2.84% S&P 500 down 2.76% The euro is now hovering slightly above $1.20.[snip]
  • Stocks Post HUGE Surge: Here's What You Need To Know (DJIA +225)

    06/02/2010 1:15:08 PM PDT · by blam · 20 replies · 1,101+ views
    The Business Insider ^ | 6-2-201- | Joe Weisenthal
    Stocks Post HUGE Surge: Here's What You Need To Know Joe Weisenthal Jun. 2, 2010, 4:00 PM Finally, the bulls didn't blow it in the final moments of the day, as major markets ended near their highs. But first, the scoreboard: Dow: +225 (+2.25%) S&P 500: +27 (+2.6%) NASDAQ: +58 (+2.6%) And now, the day's key stories: * The stock market rally was in itself a big story. Yesterday's collapse was deeply unnerving to the market, and the resignation of the Japanese Prime Minister appeared set to further the global nervousness. That the bulls didn't blow it is huge. Big...
  • Bulls Blow It AGAIN, As Stocks Sell Off Big In Late Trading: Here's What You Need To Know

    06/01/2010 1:15:01 PM PDT · by blam · 21 replies · 1,085+ views
    The Business Insider ^ | 6-1-2010 | Joe Weisenthal
    Bulls Blow It AGAIN, As Stocks Sell Off Big In Late Trading: Here's What You Need To Know Joe Weisenthal Jun. 1, 2010, 4:00 PM The overnight session was terrible, but it looked for a moment as though the bulls might put a halt to the selling, as at one point stocks were sharply higher. But, no. Stocks got hammered in late trading. Here's the scoreboard: Dow: -108 S&P 500: -18 (-1.7%) NASDAQ: -35 (-1.6%) And the big stories: * BP was savaged during trading, ending down about 15%, as it sunk in that no solution would be forthcoming in...
  • Stock Market Resembles Hokey Pokey

    05/31/2010 9:33:33 AM PDT · by Patriot1259 · 141+ views
    The Cypress Times ^ | 5/31/10 | Richard Leader
    One step forward, one step back, the stock market is acting like the hokey pokey so far in 2010. With lots of movement but not much change, U.S. equity prices are virtually where they started the year. The Dow Jones Industrials is -2.8% since January 1, while NASDAQ is -0.5%.
  • Dow Jumps 404.71; Nasdaq Up 4.8%

    05/10/2010 2:06:30 PM PDT · by Biggirl · 27 replies · 1,024+ views
    http://online.wsj.com/ ^ | May 10, 2010 | Donna Kardos Yesaiavich And Kristina Peterson
    The Dow Jones Industrial Average jumped 404.71 points, or 3.9%, to 10785.14, helped by gains in all 30 of its components. The average had its biggest one-day gain in both point and percentage terms since March 23, 2009. The Standard Poor's 500-stock index rose 4.4% to 1159.73, led by its financial and consumer-discretionary sectors, up more than 5% each. All the broad measure's other indexes posted gains as well.
  • Nasdaq, NYSE to Cancel Some Trades Made During Selloff

    05/06/2010 3:59:06 PM PDT · by The Magical Mischief Tour · 92 replies · 4,646+ views
    CNBC ^ | 05/06/2010 | CNBC
    Nasdaq Operations said it will cancel all trades executed between 2:40 p.m. to 3 p.m. showing a rise or fall of more than 60 percent from the last trade in that security at 2:40 p.m or immediately prior. Nasdaq said the stocks affected and break points will be disseminated soon.
  • After Stocks Blow Fuse, Circuit Breakers?

    05/08/2010 8:31:54 AM PDT · by Slyscribe · 12 replies · 447+ views
    Investor's Business Daily ^ | 5/7/2010 | Jed Graham and Reinhardt Krause
    Exchanges, regulators and lawmakers scrambled Friday to figure out what triggered Thursday's stunning market plunge and what possible fixes might be made to prevent a repeat performance. One remedy that seemed to quickly be gaining momentum is to implement "rules that stop trading in an individual security if things get too wild," according to former SEC economist Larry Harris. In a CNBC interview on Friday, Nasdaq OMX Group CEO Bob Greifeld also threw his weight behind the idea of universal circuit-breakers
  • Feds trace flash crash to Chicago

    05/07/2010 6:02:41 PM PDT · by Nachum · 77 replies · 2,504+ views
    politico ^ | 5/7/10 | EAMON JAVERS
    Federal investigators probing the “flash crash” that briefly sliced nearly 1,000 points off the Dow Thursday are zeroing in on a series of “unusually high-volume” trades in S&P futures that originated in Chicago, a government official told POLITICO. Those trades set off a chain reaction of trades that caused the biggest drop within a single day in the Dow Jones Industrial Average’s storied history.
  • Was The Market Mayhem A Mistake? Maybe Not.

    05/07/2010 9:07:54 PM PDT · by SmokingJoe · 40 replies · 1,571+ views
    Forbes ^ | May 7, 2010 - 2:13 pm | Liz Moyer
    Someone put on a bearish position in the S&P 500 just 10 minutes before the market took a dive Thursday, suggesting the market swoon was less a mistake and more the result of some traders exiting a carry trade, hedging, or outright speculating. In any event, the much discussed "fat fingered" trader might not exist.What's clear is that once some computers hit triggers to sell, that selling pressure triggered other computers to sell and within minutes the rout was on. It also happened at a time of day when margin calls would have snowballed. Data from Interactive Brokers shows 48,000...
  • NYSE And NASDAQ Going To War Over "The Glitch"

    05/07/2010 6:21:47 AM PDT · by blam · 6 replies · 464+ views
    The Business Insider ^ | 5-7-2010 | Joe Weisenthal
    NYSE And NASDAQ Going To War Over "The Glitch" Joe Weisenthal May. 7, 2010, 9:13 AM Yesterday's glitch is producing some fascinating tension between the NASDAQ and the NYSE, or more broadly, tension between old-style trading, and super-fast electronic trading. On CNBC, NYSE Euronext CEO Duncan Niederaur is on defending his firm against charges from the NASDAQ that it was their specialists who walked away and caused volume to disappear. "The other markets traded through us... the depth of book on these electronic markets is very thin." "We never traded P&G down." The whole thing, he says: "Certainly reduces credibility...
  • Here's A List Of The Stocks In Which NASDAQ Is Cancelling Trades

    05/06/2010 7:31:55 PM PDT · by blam · 28 replies · 1,942+ views
    The Business Insider ^ | 5-6-2010 | Henry Blodget
    Here's A List Of The Stocks In Which NASDAQ Is Cancelling Trades Henry Blodget May. 6, 2010, 9:30 PM NASDAQ is cancelling all trades made between 2:40 and 3:00 EDT in stocks that traded at more or less than 60% of the last price prior to 2:40. Here's a list of the stocks (and prices) the NASDAQ says are affected:[snip](Click to the site for the list)
  • DOW & Nasdaq futures down at this time....

    03/21/2010 7:31:06 PM PDT · by MeneMeneTekelUpharsin · 21 replies · 1,241+ views
    CNN Money ^ | 21 March 2010
    DOW, Nasdaq and S&P 500 futures all down. DOW futures down -106 as I type this and Nasdaq futures down -18.75. S&P 500 futures down -12.60. Government will step in with play money and change the picture by tomorrow, I'm sure. However, it is interesting to watch. Go here for futures quotes:
  • Dow Ends Down Over 200 Points, As Bloody Selloff Goes Two Days In A Row

    01/21/2010 1:23:05 PM PST · by blam · 16 replies · 1,006+ views
    The Business Insider ^ | 1-21-2010 | Joe Weisenthal
    Dow Ends Down Over 200 Points, As Bloody Selloff Goes Two Days In A Row Joe Weisenthal Jan. 21, 2010, 4:03 PM This was ugly. A combination of mediocre earnings, jitters out of China and, possibly, Obama's new populist streak, absolutely hammered stocks for the second day in a row. The dow ended down about 217 (212.51), the second big triple-digit loss in a row. Big financial stocks got brutalized. This chart, via FT Alphaville, showing the divergence of large banks and regionals tells the whole story:[snip]
  • Nasdaq Evacuated, Streets cordoned off: reports

    12/30/2009 10:18:34 AM PST · by ReleaseTheHounds · 11 replies · 1,216+ views
    MarketWatch ^ | Dec. 30, 2009 | Sue Chang
    <p>The Nasdaq stock market was evacuated and the area cordoned off on Wednesday . . . .</p>
  • Wall Street retreats (Obama speaks, markets drop)

    12/08/2009 12:18:43 PM PST · by Signalman · 7 replies · 597+ views
    CNNMoney ^ | 12/8/2009 | Alexandra Twin
    NEW YORK (CNNMoney.com) -- Stocks tumbled Tuesday afternoon across the board, as investors eyed weak global markets, a rising dollar, falling oil and gold prices and some disappointing profit news from 3M, McDonald's and Kroger. The Dow Jones industrial average (INDU) tumbled 100 points, or 1%, with more than two hours left in the session. The S&P 500 index (SPX) lost 10 points, or 0.9%. The Nasdaq composite (COMP) shed 11 points, or 0.5%. Stocks slipped right out of the gate as investors took a cue from falling global markets and a rising dollar. The weak dollar has added to...
  • Why Dow 10,000 Will Remain Untouched For Years

    10/05/2009 1:16:15 PM PDT · by blam · 7 replies · 1,120+ views
    Yahoo News ^ | 10-5-2009 | Simon Maierhofer
    Why Dow 10,000 Will Remain Untouched For Years By Simon Maierhofer On Monday October 5, 2009, 12:31 pm EDT On March 9th, the Wall Street Journal ran an article titled 'Dow 5,000? There's A Case For It.' The Dow (DJI: ^DJI) bottomed that very day at 6,440, along with the S&P 500 (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC), and went on to rally for seven consecutive months. Fast forward to September 17th, when the Wall Street Journal ran an article titled 'The Dow Will Hit 10,000 Soon. So What?' It's too soon to say with certainty that the market has...
  • The Nasdaq makes it 10 in a row (History tells us that long winning streaks tend to persist)

    07/22/2009 7:35:51 AM PDT · by SeekAndFind · 12 replies · 563+ views
    Market Watch ^ | 7/22/2009 | Mark Hulbert
    How unusual is it for the Nasdaq Composite Index to rise for 10 straight sessions, as it has now done? Believe it or not, it's not that unusual. Since 1971, when the Nasdaq Composite Index was created, there were -- before Tuesday of this week -- no fewer than 67 instances in which it rose for at least 10 straight sessions. That works out to somewhat shy of two a year, on average. And the current win streak, at 10, is barely above half the all-time record for the Nasdaq Composite Index, which came in at 19. That occurred in...
  • Smart Online CEO and Two Others Found Guilty of Manipulation of Company Stock

    07/07/2009 10:43:25 AM PDT · by Cindy · 1 replies · 598+ views
    Note: The following text is a quote: Smart Online CEO and Two Others Found Guilty of Manipulation of Company Stock LEV L. DASSIN, the Acting United States Attorney for the Southern District of New York, announced that DENNIS MICHAEL NOURI, the former Chief Executive Officer ("CEO") and President of Smart Online, REZA ERIC NOURI, a former Smart Online employee and brother of the CEO, and stock broker ANTHONY MARTIN were found guilty today, after a three-week jury trial before United States District Judge DENNY CHIN. According to the Superseding Indictment and the evidence at trial: From May 2005 through July...
  • Stocks tumble as investors worry about banks, GM

    03/05/2009 1:08:05 PM PST · by central_va · 43 replies · 1,208+ views
    http://finance.yahoo.com ^ | 3/5/09 | Sara Lepro,
    NEW YORK (AP) -- Investors fled Wall Street as fear grew about the stability of the nation's largest banks and worries mounted about General Motors Corp. The major market indicators resumed their slide Thursday after a one-day rally, falling to levels not seen in more than a decade as investors contended with more disheartening economic data, new concerns about the stability of GM and ongoing uncertainty about the financial system.
  • Major stock market indexes fall to 1997 levels

    02/23/2009 1:19:47 PM PST · by cll · 43 replies · 1,628+ views
    Yahoo! Finance ^ | 2/23/2009 | Sara Lepro
    NEW YORK (AP) -- The major stock market indexes have staggered to their lowest levels in more than a decade, pulled down by investors' rapidly waning confidence. The Dow Jones industrial average and the Standard & Poor's 500 index are at the lowest point since 1997, succumbing to growing worries about a recession that has no end in sight. Most financial stocks were pounded even as government agencies led by the Treasury Department have said they will launch a revamped bank rescue program. It includes the option of increasing government ownership in financial institutions without having to pour more taxpayer...
  • NASDAQ Bailout Index Down 50% ( bailouts = poison pill )

    02/23/2009 5:20:03 AM PST · by Halfmanhalfamazing · 8 replies · 616+ views
    Via Yahoo News ^ | February 19th | Silicon Valley Insider
    Government help = kiss of death. The NASDAQ Relief Index, which tracks companies that have taken government is now down 50% since its inception... which was earlier this year. But remember, we're going to profit from in the long run. Oh wait, maybe they don't bother saying that anymore. Alea captured the chart, which as they say, is a swan dive. See Also: NASDAQ Creates Index To Track…
  • Media Forgets That Wall Street Rip Off Artist is BIG Democrat Donor

    12/15/2008 7:04:30 AM PST · by Mobile Vulgus · 8 replies · 634+ views
    Publius' Forum ^ | 12/15/08 | Warner Todd Huston
    The wires services and the rest of the Old Media have also been reporting on a scandal that doesn't have to do with Illinois Governor, Rod Blagojevich. But, like the Blago story line, the media seem to be forgetting one small aspect of the story of Wall Street rip off artist Bernard Madoff. Like Blago, Madoff's connections to the Democrat Party seem to be of little interest to the media. Very few media stories of the fraud perpetrated by former Nasdaq chairman Madoff mentions the heavy financial support that Madoff has donated to the Democrat Party. Campaign contributions by Madoff...
  • Top Broker Accused of Fraud

    12/11/2008 4:00:15 PM PST · by joinedafterattack · 66 replies · 5,168+ views
    Wall Street Journal ^ | December 11, 2008 | By AMIR EFRATI, TOM LAURICELLA and DIONNE SEARCEY
    Bernard L. Madoff, the founder of Bernard L. Madoff Investment Securities and a fixture of the Wall Street trading world for decades, was arrested Thursday morning by Federal Bureau of Investigation agents and charged with criminal securities fraud by federal prosecutors in Manhattan. Press Release of Bernard Madoff's ArrestThe criminal complaint filed against Mr. Madoff alleges that he told senior employees Wednesday that his business was "a giant Ponzi scheme," according to a person familiar with the matter. The alleged scheme involved tens of billions of dollars, but the extent of investor losses wasn't immediately clear. The disclosure came after...
  • Bernard Madoff arrested over alleged $50 billion fraud (Former Nasdaq chairman)

    12/11/2008 7:14:49 PM PST · by Sammy67 · 84 replies · 5,107+ views
    YahooNews ^ | 12/11/08
    NEW YORK (Reuters) – Bernard Madoff, a long-time fixture and powerful adviser on Wall Street, was arrested and charged on Thursday with allegedly running a $50 billion Ponzi scheme, U.S. authorities said. The former chairman of the Nasdaq Stock Market who remains a member of Nasdaq OMX Group Inc's nominating committee, is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he founded in 1960. But the alleged fraud involved a hedge fund he ran from a separate floor of the building where his brokerage is based. Madoff told senior employees of his...
  • Nasdaq falls below 1,400 for first time since May 2003

    11/19/2008 1:19:04 PM PST · by AngieGal · 4 replies · 504+ views
    MarketWatch ^ | Nov. 19, 2008 | Rex Crum
    Losses across the tech sector on Wednesday dragged the Nasdaq Composite Index down below the 1,400-point mark for the first time since May 22, 2003. Shortly before the end of trading, the tech-heavy market gauge gave up more than 87 points, or almost 6%, to fall to 1,395.
  • DOW finishes below 8,000, NASDAQ loses 6.5% as stocks crumble in final half hour.

    11/19/2008 1:16:41 PM PST · by AngieGal · 111 replies · 3,442+ views
    MarketWatch ^ | 11/19/08 | MarketWatch
    MarketWatch Bulletin
  • The Market (DJIA) closes up 302.74

    11/04/2008 1:15:29 PM PST · by SonOfDarkSkies · 14 replies · 1,505+ views
    Wall Street Journal ^ | 11/4/2008 | None
    The DJIA closes up 302.74 (3.35%) S&P 500 up 39.6 4.04%) NASDAQ up 53.79 (3.12%)