Word: gaine
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...still hurting. Shares in blue-chip companies fell yesterday as layoffs in places like PepsiCo loomed. In the days ahead, Wall Street will receive several reality checks that could take the fizz out of any good cheer brought on by the Dow's biggest one-day gain since...
...there are growing questions about whether that could buck other worrying trends. On Wednesday, Britain announced its unemployment rate had jumped half a point to 5.7% - its highest in eight years. Last month the government acknowledged that France lost 40,000 jobs in August despite predictions of a net gain. Unemployment data and generally sagging company results, observers say, reinforce the view that Europe has already entered a recession...
...seventh day, the market rested. After five days of tumult that added up to the worst week in stock-market history, and a sixth day that saw the biggest point gain ever, the Dow Jones industrial average on Tuesday finished down 76.6 points, or 0.8%, an extremely mild loss considering the rollercoaster ride of recent days. The S&P 500, a broader measure of the stock market, finished down 0.5%, and the NASDAQ lost...
...Hong Kong's battered Hang Seng index bounced particularly strongly in afternoon trading, ending the day with a 10.2% gain. Stocks in Korea and Singapore also ended sharply higher, gaining 3.8% and 6.6% respectively. India's Sensex added 7.7%, while China's CSI 300 index, which measures both the Shanghai and Shenzhen exchanges, was up 4.12%. Japan's stock market, which last week suffered the worst rout in its history, was closed Monday for a holiday. "I think markets took a breath and will rebound in the next few days," says Sean Tsang, senior vice president of Polaris Securities...
...time for investors to celebrate, right? On Monday the Dow Jones industrial average ended up a stunning 936 points, the biggest one-day point gain in history - all the more remarkable considering the index of blue-chip stocks had just come off its worst weekly loss on record. The S&P 500, a broader measure of the stock market, saw its largest one-day percentage gain since 1939, and the tech-heavy NASDAQ jumped 12%. Seems a gaggle of European countries rolling out billions of dollars to guarantee loans and recapitalize banks, and indications that the U.S. might do some...