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21 Feb 2012 14:49

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Biz: Dow Jones Industrial Average reaches symbolic milestone

  • 13,000 points, the highest mark since 2008 source
  • » On May 20th, to be precise: The most successful private sectors early in 2012 have been finance and information technology, up nearly 13% when trading began today. The 13,000 figure is considered something of a benchmark for the Dow’s health, and while analysts are right to warn that the significance may be predominantly symbolic, the nature of investor confidence is such that a positive psychological message can itself be a big boon. The Dow crossed this threshold at a time when most attention was focused on Greece, which secured a second bailout from the Euro Zone as their fiscal crisis continued.

10 May 2010 09:59

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Biz: How Thursday’s “flash crash” might have happened

  • one A bunch of sell
    requests went in
    all at once. These trades were made automatically using computers.
  • two The older New York
    Stock Exchange’s
    circuit breaker went
    off – an automated
    attempt to cool off
    the market.
  • three The computers
    didn’t understand
    this, and totally
    freaked out
    because of the
    lack of buyers.
  • four The stock market
    “flash crash” sped
    up. In other words,
    one system didn’t
    understand the
    other. source

07 May 2010 21:45

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Biz: Stock market: All the gains this year, gone, and then some

  • 7.4% the Dow’s decline from its peak this year
  • 8.7% the S&P 500’s decline from its April peak
  • 10.5% the Nasdaq’s decline; it’s in a correction source
  • » Today’s action: It wasn’t much better than yesterday, honestly. The market bounced back and forth all morning before staying firmly in the down column. The Dow lost 140 points today, or 1.3 percent of its value. Sucks to own stocks, doesn’t it? source

30 Oct 2009 21:18

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Biz: Despite touching 10,000 the Dow Jones was flat for the month

  • 9,712.28 the closing price on the Dow September 28; it’s had many ups and downs since then
  • 9712.73 the closing price on the Dow October 30; it hasn’t touched 10,000 since October 22 source

14 Oct 2009 09:36

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Biz: Watch out: The Dow could reach the 10,000 barrier again today

  • 9,871 the Dow’s Tuesday close, buoyed by earnings source

15 Jul 2009 20:55

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Biz, Tech: The stock market is totally in love with Intel right now

  • cause Late Tuesday, Intel announced that they had estimated current quarter sales of $8.5 billion, which totally blew analysts’ numbers out of the water. Even better, their previous-quarter sales managed to top analysts’ numbers, too. Good to see someone’s doing really well.
  • effect Today, the stock market reacted very positively, with investors giving high-fives all around, we’re sure, over the news. The Dow had its best day in three months, and NASDAQ its best in nine. Yum Brands struggled, though, prolly ’cause of KFC’s recent idiocy.

09 Apr 2009 21:17

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Biz, U.S.: The economy appears to be slowly emerging from its cocoon

  • one Wells Fargo forecasted surprisingly good profits.
  • two Unemployment benefit filings are down for once.
  • three Retailers are predicting pretty solid April sales.
  • four The Dow reacted to this news by rallying +250. source
 

27 Mar 2009 18:07

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Biz: Stocks sucked today. But this week, overall, ruled.

  • 6.8% increase for the Dow this week; not bad duders source

23 Mar 2009 21:54

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Biz, U.S.: The stock market really liked the bailout news a lot

  • +497 we had a good day, now it’s time to party! source

10 Mar 2009 19:21

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Biz: Be happy investors! The Dow didn’t suck for once!

  • +379 increase in the Dow today, ’09’s best day so far source