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Yahoo! News: Stock Markets News Tue, 14 Oct 2008 19:11:12 GMT
  • Wall Street slides on recession fears (Reuters)   - 

    Traders work on the floor of New York Stock Exchange October 14, 2008. (Shannon Stapleton/Reuters)Reuters - Stocks slid on Tuesday as fears the global economy may not avert recession slammed shares of technology and consumer companies, eclipsing a government rescue plan for banks.


  • Stocks turn lower as profit-taking sets in (AP)   - 

    Traders work on the floor of the New York Stock Exchange, Tuesday Oct. 14, 2008. Wall Street fluctuated but largely extended its big advance Tuesday as investors reacted enthusiastically to the U.S. government's plans to spend $250 billion to buy stock in private banks. (AP Photo/Richard Drew)AP - Wall Street turned lower Tuesday as investors were pleased with the government's plans to spend $250 billion to buy stock in private banks but still collected profits from the previous day's massive advance. The Dow Jones industrial average fell about 200 points a day after its record 936-point jump.


  • London stocks advance (AFP)   - 

    A woman walks past an electronic sign showing the progress of the FTSE 100 in London. The FTSE 100 index of shares closed with solid gains for a second straight day Tuesday on sustained investor confidence in government efforts to snuff out a global credit crisis.(AFP/File/Carl de Souza)AFP - The FTSE 100 index of shares closed with solid gains for a second straight day Tuesday on sustained investor confidence in government efforts to snuff out a global credit crisis.


  • TSX gains halved by midmorning (Reuters)   - Reuters - The Toronto Stock Exchange's main index was strongly higher at midmorning on Tuesday but well off the record-breaking gain it made at the start of trading as it played catch-up with Monday's monster surge on Wall Street and welcomed a U.S. plan to inject $250 billion into banks.
  • Harper united the right, won big prize (Reuters)   - Reuters - Canadian Prime Minister Stephen Harper, whose Conservatives were likely to retain power in Tuesday's election, has portrayed himself as best suited to lead the country as stock markets melted down.
  • World stocks soar as credit markets ease (AP)   - 

    An investor reacts as she watched display showing stock prices at a brokerage firm in Hong Kong Tuesday, Oct. 14, 2008. Hong Kong's key index gained 4.39 percents or 715.67 points to 17027.83 to close at the midday after Wall Street staged a dramatic comeback from its worst week ever on optimism that government rescue efforts will heal the crippled global financial system. (AP Photo/Vincent Yu)AP - Stock markets in Europe and Asia rose strongly for a second straight day Tuesday after Wall Street rallied from its worst week ever on mounting evidence that government attempts to shore up the world's battered financial system are beginning to thaw frozen credit markets.


  • Market crisis alters Canadian vote (The Christian Science Monitor)   - The Christian Science Monitor - As Canadians head to the ballot box on Tuesday, the meltdown in global stock markets and a series of campaign blunders seem likely to deny conservative Prime Minister Stephen Harper his goal of forming a majority government.
  • FTSE 100 jumps 2.65% in initial trades (AFP)   - 

    The London Stock Exchange logo. The stock market has rallied 2.65% to 4,369.55 points in initial trading as investors continue to cheer global government action aimed at rescuing banks crippled by the credit crunch.(AFP/File/Ben Stansall)AFP - The London stock market rallied 2.65 percent to 4,369.55 points in initial trading on Tuesday as investors continued to cheer global government action aimed at rescuing banks crippled by the credit crunch.


  • Nikkei surges over 14 percent in record 1-day gain (Reuters)   - 

    Staff at the Tokyo Stock Exchange work at the bourse in Tokyo October 14, 2008. (Issei Kato/Reuters)Reuters - The Nikkei average soared more than 14 percent on Tuesday, the biggest one-day gain in its 58-year history, after governments around the world pledged to support struggling banks and restore confidence in the financial system.


  • VW defies stock market panic to hit record highs (AFP)   - 

    File photo shows a worker attaching a Volkswagen logo at the company's plant in north-west Germany. Volkswagen has seen its shares set record highs while almost all other stocks are slammed by the financial crisis, perplexing auto industry experts.(DDP/AFP/File/Nigel Treblin)AFP - A German car maker is ignoring the equity market exodus: Volkswagen shares have set record highs while almost all other stocks are slammed by the financial crisis.


  • Japan unveils measures to support stock market (AFP)   - 

    Pedestrians are reflected on a share prices board in Tokyo on October 10. Japanese share prices soared more than 10 percent in early trade on Tuesday following spectacular gains on overseas markets on hopes of an easing of the global financial crisis.(AFP/Yoshikazu Tsuno)AFP - Japan announced a package of measures Tuesday aimed at supporting the ailing stock market, including a loosening of restrictions on companies buying back their own shares.


  • Nikkei index soars more than 11 percent (AP)   - AP - Japanese stocks are soaring in early trading following spectacular rallies in markets across the global.
  • The Dow Jones industrials' moves since Lehman fall (AP)   - AP - How far the Dow Jones industrial average has fallen or advanced each trading day since Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy protection on Sept. 15. After Lehman's fall, the credit markets seized up, generally sending stocks plunging and eventually leading to the creation of the government's financial rescue plan. The numbers are the closing levels for the Dow:
  • Stock-And-Bond Jugglers Blunt Turmoil (Investor's Business Daily)   - Investor's Business Daily - The bear market has decimated many stock funds. Shareholders in various types of asset allocation funds escaped the worst of the mauling. But even those supposedly defensive funds sustained claw marks.
  • Global shares soar as governments pump billions into banks (AFP)   - 

    A Royal Bank of Scotland (RBS) branch in London. Britain is ploughing 37 billion pounds into RBS, HBOS and Lloyds as part of a bailout scheme to buy shares in troubled institutions. Global stock markets staged spectacular gains Monday as governments pumped hundreds of billions of dollars into banks crippled by the credit crunch, coaxing newly confident investors to buy shares.(AFP/Shaun Curry)AFP - Global stock markets staged spectacular gains Monday as governments pumped hundreds of billions of dollars into banks crippled by the credit crunch, coaxing newly confident investors to buy shares.


  • Meltdown 101: The Dow Jones industrial average (AP)   - 

    Logo to accompany business story series explaining certain aspects of the finacial meltdown;AP - Amid weeks of stock market turmoil, many worried investors have been tracking the daily trajectory of the Dow Jones industrial average like never before.


  • Markets surge as govts unveil crisis packages (AFP)   - 

    French President Nicolas Sarkozy issues a statement following a special cabinet meeting, at the presidential Elysee Palace in Paris. Governments around the world launched multi-pronged attacks on the financial crisis Monday, sparking record gains on stock markets amid hopes of recovery in the humbled banking sector.(AFP/Gerard Cerles)AFP - Governments around the world launched multi-pronged attacks on the financial crisis Monday, sparking record gains on stock markets amid hopes of recovery in the humbled banking sector.


  • Governments to buy bank stakes; stocks soar (Reuters)   - 

    Treasury Secretary Henry Paulson testifies before the House Financial Services Committee about credit market turmoil and the government economic bailout on Capitol Hill in Washington September 24, 2008. (Kevin Lamarque/Reuters)Reuters - Governments around the world bet hundreds of billions of dollars to rescue failing banks on Monday, sending world stocks soaring and giving Wall Street its biggest one-day gain ever.


  • Bush admin. looks to expand banking protections (AP)   - 

    US President George W. Bush speaks on the economy before making a speech regarding the administration's judicial accomplishments and philosophy at the Hilton Cincinnati Netherland Plaza in Cincinnati, Ohio. It will take time for the Wall Street bailout bill to be put into place and confidence to return to financial markets, Bush said Monday.(AFP/Saul Loeb)AP - The Bush administration plans to greatly expand protections for the U.S. banking system out of deep concern for the faltering economy, an industry official said Monday night after banking executives and top federal officials met to revamp the largest bailout plan in the nation's history. President Bush was to announce the expansion Tuesday morning.


  • Oil jumps 4 percent, bank plan spurs global rally (Reuters)   - 

    A motorist prepares to put fuel into her car at a petrol station in Melbourne July 3, 2008. (Mick Tsikas/Reuters)Reuters - Oil prices rose more than 4 percent on Monday as global markets rallied after governments launched bailout schemes to shore up banks.
 
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