Stories by Topic: Dow 30
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Dow crosses 10,000 for first time in a year
The Dow crossed 10,000 in afternoon trading Wednesday, seven months after it hit a 12-year low of 6,547.05 on March 9.
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Jump in home sales said to play big role in Dow's recent surge
Investors celebrated news of another jump in home sales by propelling the Dow Jones Industrial average to its first close above 9,000 since January.
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Some Mixed Messages: New jobless claims rise, but jobless-benefits rolls fall and housing sales climb
The number of newly laid-off workers applying for unemployment benefits rose last week, though the government said that its report again was distorted by the timing of auto-plant shutdowns.
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New jobless claims rise, but totals fall
The number of newly laid-off workers seeking jobless benefits rose last week, though the government said its report again was distorted by the timing of auto plant shutdowns. North Carolina was among the states with the largest increases.
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Progress forecast: June growth best since 1st quarter in '06
More plans to build houses, higher stock prices and fewer people filing first-time claims for unemployment aid sent a private-sector forecast of U.S. economic activity higher than expected in June.
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Wholesale prices, retail sales both rise
Higher energy prices rippled through the economy in June, helping drive bigger-than-expected gains in retail sales and inflation at the producer level.
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U.S. unemployment rises to 25-year high
With companies in no mood to hire, the unemployment rate jumped to 9.4 percent in May, the highest in more than 25 years. But the pace of layoffs eased, with employers cutting 345,000 jobs, the fewest since September.
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Good Signs: Manufacturing, construction, consumer spending indicate improvement trends
Fresh signs emerged yesterday that the recession is letting up. Manufacturing's slide is slowing. Builders are increasing spending on construction projects -- including homes. And consumers aren't cutting back as much as some had feared.
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General Motors files for bankruptcy protection
NEW YORK
General Motors has filed for bankruptcy protection as part of an Obama administration plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government. -
Economy shrinks at worse-than-expected rate
The economy shrank at a worse-than-expected 6.1 percent pace at the start of this year as sharp cutbacks by businesses and the biggest drop in U.S. exports in 40 years overwhelmed a rebound in consumer spending.
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New unemployment claims rise more than expected
New jobless claims rose more than expected last week, while the number of workers continuing to filing claims for unemployment benefits topped 6.1 million.
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Retail sales fall unexpectedly in March
Retail sales fell unexpectedly in March, delivering a setback to hopes that the economy's steep slide could be bottoming out.
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Obama: Economy is not 'out of the woods' yet
Retail sales fell unexpectedly in March, delivering a setback to hopes that the economy's steep slide could be bottoming out.
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Signs of a recession bottom
New signs that the recession could be nearing a bottom emerged Thursday, as factory orders were far better than expected and the Dow industrials surged over 8,000 for the first time in two months.
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World stock markets soar on hopeful signs in U.S. economy
World stock markets soared Thursday, with Hong Kong's benchmark vaulting more than 7 percent, as stronger-than-expected U.S. economic figures boosted confidence that the world's largest economy is on the mend.
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White House questions viability of GM, Chrysler
President Barack Obama refused further long-term federal bailouts for General Motors and Chrysler, saying more concessions were needed from unions, creditors and others before they could be approved. He raised the possibility Monday of controlled bankruptcy for one or both of the beleaguered auto giants.
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Stocks point lower after surge
Some pullback is to be expected a day after the Dow Jones industrial average jumped 498 points, or 6.8 percent, after the government detailed a plan to take over up to $1 trillion in bad mortgage securities.
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Going Up - Again: Economists say news calms fear of deflation, inflation
Consumer prices rose in February by the largest amount in seven months as gasoline prices surged again and clothing costs jumped the most in nearly 20 years.
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Fed keeps Wall Street rally going
The Federal Reserve is keeping Wall Street's big rally alive with news that it will start buying Treasurys to help open up tight credit markets.
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Housing starts surge; wholesale prices edge up
Housing construction posted a surprisingly large increase in February, bolstered by strength in all parts of the country except the West.
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Stocks jump on news of possible rules change
Investors have been clamoring for months for a bit of good news. They got a load of it yesterday. The Dow Jones industrials shot up 240 points, bringing its gains over the past three days to 622 points. It was the index's biggest three-day jump since last November. This week's rally got an extra dose of adrenaline after an accounting board told Congress yesterday that it may recommend a let-up in financial reporting rules for troubled banks in three weeks. Upheaval in the banking industry has been dogging the market since 2007, and the hope that banks might finally get relief in how they value their bad assets spurred a flurry of buying.
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Wall Street hits the gas
Wall Street snapped out of its stupor and posted its best performance of the year yesterday, finding a badly needed glimmer of optimism in the most unlikely of places: Citigroup managing to turn a profit.
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Warren Buffett says economy fell off a cliff
Billionaire Warren Buffett said unemployment will likely climb a lot higher depending upon how effective the nation's policies are, but he remains optimistic over the long term.
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Dow finishes below 7,000 for first time since '97
A relentless sell-off in the stock market Monday blew through barriers that would have been unthinkable just weeks ago, and investors warned there was no reason to believe buyers will return anytime soon.
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Little Relief: Consumer spending rose slightly in January, but private-sector wages fell
Consumer spending and incomes rose more than expected at the start of the year, but the gains were seen as fleeting in light of the recession and the waves of layoffs battering Americans.
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