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Wall Street falls
US stocks fell on Wednesday after weak durable goods figures and a downbeat assessment of the economy from the Fed’s Beige Book kept the benchmark S&P 500 trapped below its 200-day moving average.
A three-day rally built on strong earnings boosted the index to close Monday above its 200-day moving average, a closely watched measure of [...]
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- Tags: Dow Jones industrial, shares, US stocks, wall street
World stocks rise
World stocks rose for the fifth session in a row on Wednesday, supported by solid corporate earnings but held back from greater gains by concerns over US economic weakness.
Wall Street looked set for a flat to weak open. The dollar recovered earlier losses to trade flat against a basket of major currencies.
MSCI’s all-country world index [...]
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- Tags: European companies, MSCI, wall street, World stocks
Nikkei jumps 2.8 pc
Japan’s Nikkei surged 2.8 per cent and was set to snap a five-day losing streak on Friday, boosted as worries about the results of European bank stress tests eased and by robust US corporate earnings.
Short-covering helped buoy the benchmark Nikkei after it shed nearly 6 per cent in the past five days, market players said, [...]
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- Tags: Microsoft Corp, Nikkei, wall street
Asian stock markets surged on Friday
Asian stock markets surged on Friday on a strong lead from Wall Street and cautious optimism about the results of “stress tests” on eurozone banks, traders said.
Japan’s Nikkei index ended the day up 2.28 percent, or 210.08 points, at 9,430.96 as investors picked up bargains after a five-day losing streak. The Topix index of all [...]
World stock markets were up Friday
World stock markets were up Friday after Europe showed signs of growth and US stocks rallied to a two-week high, lifted by better-than-expected results from industry giants like Caterpillar and Microsoft.
Oil prices held above $79 a barrel after surging the day before as stock markets rallied and a storm threatened oil operations in the [...]
Asia surges on Wall Street lead,
Asian stocks surged on Friday on a strong lead from Wall Street and optimism about the results of “stress tests” on eurozone banks, traders said.
Japan’s Nikkei index ended the day up 2.28 percent, Sydney was up 1.91 percent and Mumbai up 0.1 percent.
Hong Kong rose 1.1 percent and Shanghai 0.38 percent, boosted by the general [...]
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- Tags: dollar's, euro, Nikkei, wall street
Wall Street tumbles on Fed
Federal Reserve Chairman Ben Bernanke’s dour assessment of the US recovery hit stocks on Wednesday, as the Fed chief’s comment on “unusually uncertain” economic prospects discouraged investors.
Stocks sank after Bernanke acknowledged the labor market’s continued weakness while offering few specific options to stimulate lending and investment.
“The market sold off because unfortunately there is no remedy [...]
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- Tags: financial stock, market, nasdaq, wall street
US stocks eye earnings
After ugly economic data and an unexpected downturn in sentiment on quarterly earnings, Wall Street will face a tough time battling back from the latest sell-off.
Technology and banking results will once again shape investor mind-set in a week dominated by a blitz of quarterly earnings. But it will be a tough job to shift back [...]
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- Tags: market, Nasdaq Composite, US stocks, wall street
Stocks eye earnings
After ugly economic data and an unexpected downturn in sentiment on quarterly earnings, Wall Street will face a tough time battling back from the latest sell-off.
Technology and banking results will once again shape investor mind-set in a week dominated by a blitz of quarterly earnings.
But it will be a tough job to shift back into [...]
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- Tags: Nasdaq Composite, stocks, wall street
The Dalal Street is expected to remain in the positive zone this week
The Dalal Street is expected to remain in the positive zone this week on strong earnings optimism, though the market may be volatile in early session due to overnight weak overseas advice, analysts say.
Over the weekend, the Wall Street closed in deep red with the Dow Jones shedding 2.5 per cent and the broader S&P [...]
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- Tags: Dalal Street, investor, Sensex, wall street