Biz+Tech

10/29 Ching, Ching, Ching…Market Rollercoaster Climbs High

The Dow and other indicators took an extraordinary leap up on Tuesday, with the Dow climbing nearly 10 percent to close up 889 points, the second highest point gain ever, representing a 10.9 percent gain. The NASDAQ gained 9.5 percent and the S&P 500 10.8 percent.

10/23 Dow Ends Up 172; NASDAQ Stays Down

Although the Dow got as low as 275 it rallied back by the time the bell rang to go up 2 percent after two straight days of sliding, including a massive point drop yesterday. Some of the stocks that bounced back included oil and transportation stocks.

10/22 Stocks Hit Again Over Earnings Woes

The Dow dropped more than 500 points today settling a little over 8500 as weak earnings and a continued drop in oil prices drove recession woes. Intra-day the Dow was down nearly 700 points; the 500 point drop today (which would have been called "Black Something-Day" if it'd happened 12 months ago -- it was the Dow's 7th worst point drop) represents nearly 6% of the index's total.

Apple Posts Strong Quarter; Yahoo! Cuts Jobs

The NASDAQ eagerly awaited reports from two stalwart tech stocks after the bell rang today. Apple offered up one of its best quarters in its history, but with unsteady guidance for fiscal Q1 2009. (Apple's first fiscal quarter of each year corresponds with the holiday quarter, calendar Q4 2008.) Apple posted revenue of $7.9 billion and a profit of $1.14 billion, compared to $6.22 billion and net quarterly profit of $904 million in the year ago quarter.

10/21 Markets ‘Sell' on Recession Fears

The DOW stayed above 9000 today, but still dove over 230 points, down 2.5 percent, with the market focused on some tough earnings reports from banks and financials. Deep into earnings season, fears have turned to recession, even as credit markets appear to be loosening somewhat.

Thousands of Manufacturing Jobs Cut in Mississippi

The Associated Press is reporting bad economic news for the state:

10/16 And, Dow Back Up Again…But Recession Fears Still Loom

The Dow was down as much as 360 points today in intra-day trading but ended up 400 points or nearly 4.7 percent. Some of the rally seemed to be a result of oil prices that have dropped to almost half of their record high earlier in the year; those numbers withdrew some short-term inflationary fears and helped send airline stocks up.

10/15 Dow Registers Second Largest Point Loss Ever

With the analysts chalking it up to new concerns that we're in a recession, the Dow experienced is second greatest point drop ever today with relatively little fanfare, dropping 733 points. The NASDAQ was off 8.5 percent and the S&P 500 lost 9 percent of its value. It goes without saying that this extraordinary volatility continues with the market see-sawing between massive losses and record-setting gains.

The Orange Peel

Kristin Tubb was fed up with retail prices and her job as an optician when she got the idea to open a consignment store in 2005. Since then, she has seen her idea become one of Fondren's hippest shops.

Six Flags Over Wall Street: Market Climbs 11 Percent

In an amazing recovery after weeks of selling, the Dow industrials gained 11 percent and the NASDAQ nearly 12 percent. The Dow gains represent the most points ever and match an 11 percent rise in March 1933, according to the Portland Business Journal.

10/10 DOW down ‘Only' 128 Points. Are We in a ‘Panic'?

Intraday, the Dow was off over 700 points in early trading, spending part of the day below 7900 for the first time since April of 2003. Businessweek makes the case that these past two weeks might well be called the "Panic of 2008," reviving a term from years past that might just fit the way the market is behaving.

10/9: Markets Down 7 Percent…Again

The Dow lost 678 points to close down 7.33 percent and under 8,600, while the NASDAQ lost 5.47 percent and ended down below 1,650. The markets experienced their seventh straight day of losses, closing at their lowest levels since 2003. While the Bush administration announced that it may take over some banks to stem the crisis and open up credit markets, the move didn't appear to change attitudes on Wall Street.

Millsaps Named a 'College of Distinction'

[verbatim release] JACKSON, Miss.Millsaps College is the only college or university in the state named to the 2008-2009 Colleges of Distinction guidebook based on the college's dedication to four key areasengaged students both outside and inside the classroom, great teaching by expert professors, a vibrant community both on and off campus and successful, productive graduates.

Markets Tumble Another 5 Percent

Fed Chairman Ben Bernanke signaled an interest rate cut and acknowledged long-term challenges to the state of the economy, but it couldn't keep the Dow from losing another 5 percent, the NASDAQ nearly 6 percent and many bank stocks from taking a huge hit. The markets have experienced their worst five-day point drop ever, with the Dow losing nearly 12 percent of its value.

Wall Street ‘Sells the Rally', Ends Worst Week in 7 Years

On the week, the Dow Industrials average was down about 7.5 percent and the NASDAQ down almost 11 percent, in part because traders "sold the rally," resulting in a down day on Friday despite the passage (and signing) of a $700 billion bailout package by the House and President Bush.

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