U.S. Indexes Deepen Losses, Facebook to Raise $16 Billion
Stocks in New York trading declined and S&P 500 index extended losses for the fifth day in a row. The euro zone turmoil and the growing contagion risk in the region dragged markets on both sides of the Atlantic. Facebook is expected to price its public...
Euro Weakens, Oil and Gold Extend Losses; Greece in Focus
U.S. markets wavered and the latest Fed statement showed no appetite for another stimulus plan. European markets watched Greek developments as the ECB president urged Greek leaders to stick to austerity plans and asked Greek banks to recapitalize. The ...
U.S. Borrowings Rise, European Voters Demand Growth with Austerity
U.S. indexes recovered in the afternoon after market sentiment rebounded and bank stocks closed higher. U.S. consumer borrowing increased at the fastest pace in March as car loans and student loans drove the increase in loans. AIG bought back $2 billio...
Weekly Loss of 2.1% in S&P 500 and 2.9% in Nasdaq
In New York trading on Friday, indexes accelerated declines in the afternoon and closed down between 1% and 2%. For the week, the Nasdaq fell nearly 3% and the S&P 500 index declined 2.1%. Crude oil traded below $100 a barrel for the first time in thre...
Wall Street Lower on Weak Sentiment, ECB Holds Rates
U.S. indexes traded lower after weekly jobless claims fell to one-month low and the service industry expanded at a slower pace in April. Green Mountain Coffee plunged 46% after it lowered its earnings outlook. European Central Bank left rates at 1%.
World Markets Struggle on Euro Zone Unemployment and Election Worries
U.S. stocks traded sideways after private sector added less than expected jobs in April and unemployment in Europe surged to a record high in fifteen years. U.S. auto sales rose for the sixth month in a row and BMW and Mercedes sales rose 27% in April ...
Manufacturing Report Lifts US Indexes; UK Panel Lashes Out at Murdoch, Hinton
U.S. indexes gained after latest manufacturing report suggested was better than expected. UK panel lashed out in a critical report at Rupert Murdoch found him unfit to run a major corporation and the report was highly critical of three former executive...
U.S. Indexes Decline in April, World Markets Struggle
U.S. stocks eased after Spain joined the UK and entered recession for the second time since 2009 and the U.S. business activities expanded at the slowest pace in April in three years. The benchmark S&P 500 index fell 0.8%, first decline after four mont...
Second Weekly Gains in U.S. Index, Earnings, Confidence Drives Rally
U.S. markets closed higher and closed up for the second week in a row after investors focused on improved consumer confidence and better than expected earnings. Bank of Japan expanded its programs to buy stocks and real estate securities and bond yield...
Home Sales and Mixed Earnings Lift Wall Street Sentiment
U.S. investors focused on positive earnings and the number contracts to buy homes increased. However, initial claims of weekly unemployment were flat in the last week and weak earnings from Pepsi, UPS, Dow Chemical and Aetna kept market gains in check.
Home Sales and Mixed Earnings Lift Wall Street Sentiment
U.S. investors focused on positive earnings and the number contracts to buy homes increased. However, initial claims of weekly unemployment were flat in the last week and weak earnings from Pepsi, UPS, Dow Chemical and Aetna kept market gains in check.
Fed on Hold, Global Markets Higher
The U.S. indexes advanced and the Nasdaq gained more than 2%. Fed left its asset purchase program unrevised and left rates near zero. Apple Inc said it has more than $100 billion and iPad rollout has been the fastest in the history of the company.
