Volatility kicked in again on Wall Street Tuesday,
as the reality hit that few industries are safe from the consumer
spending slump — whether they’re building homes, making cars or selling
coffee. The Dow Jones industrial average fell more than 200 points.
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Consumer Spending Worries Clobber Stocks
Dow Rises By 900 in Buyer Frenzy
Wall Street had another astounding advance Tuesday, with the Dow Jones industrials soaring nearly 900 points in their second-largest point gain ever as late-day bargain hunters stormed into the market. The Dow and the Standard & Poor’s 500 index were each up nearly 11 percent.
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Dow Tumbles 514 On Earnings Forecast Worries
Wall Street tumbled again Wednesday as investors worried that the global economy is poised to weaken even as parts of the credit market slowly show signs of recovery. The major indexes fell more than 4 percent, including the Dow Jones industrial average, which fell 515 points.
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Dow Up 400
A rising wave of optimism lifted Wall Street Monday, propelling the Dow Jones industrials up more than 400 points on more signs of a reviving credit market and support from Federal Reserve Chairman Ben Bernanke for further steps to aid the economy. All the major indexes finished with gains of 3 percent or more.
Dow Falls 170 Points as Sharp Swings Continue on Wall St.
Wall Street remained tense Thursday, extending its huge slide as investors examined mixed economic and earnings data for clues about the economy. The Dow Jones industrials fell more than 170 points, and all the major indexes were seeing wide swings.
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Dow Falls 500
The Dow Jones industrial average is down more than 500 points at the 8,800 level. Wall Street tumbled again today after a disappointing retail sales report offered fresh evidence that an intractable freeze in the credit markets since last month has caused cracks in the economy well beyond the banking sector.
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After Historic Day, Dow Continues to Soar
The Dow Jones industrial average jumped more than 300 points in early trading today on top of yesterday’s historic 936-point gain. Wall Street surged again today as investors reacted enthusiastically to the U.S. government’s plans to spend $250 billion to buy stock in private banks.
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Dow Rebounds by 500
The Dow Jones industrial average rebounded more than 500 points today as Wall Street snapped back from last week’s devastating losses after major governments announced further steps to support the global banking system, including plans by the U.S. Treasury to buy stocks of some banks. All the major indexes rose well over 6 percent.
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