TSX rises as gold miners lone sore spot
2013-05-17 22:02:26 GMT : (Markets - Equity/Americas)
TORONTO: Canada's main stock index rose on Friday as robust economic data helped drive gains in energy stocks and financial shares, offsetting weakness in gold producers.The materials sector, a major component of the S&P/TSX composite which includes gold miners, was the lone sector to finish in the red of ten main sectors, as the price of gold fell for a seventh straight session.That weakn...
Strong data pushes US stocks to new records
2013-05-17 21:58:05 GMT : (Markets - Equity/Americas)
NEW YORK: US stocks resumed their upward push Friday with both the Dow and S&P 500 closing at new all-time highs following favorable US economic reports.The Dow Jones Industrial Average jumped 121.18 (0.80 percent) to 15,354.40.The broad-based S&P 500 rose 15.65 (0.95 percent) to 1,666.12, while the tech-rich Nasdaq Composite Index added 33.72 (0.97 percent) to 3,498.96.Friday's gains ...
US stocks follow foreign markets higher
2013-05-17 13:43:36 GMT : (Markets - Equity/Americas)
NEW YORK: US stocks Friday opened in positive territory following gains in leading foreign markets.Five minutes into trade, the Dow Jones Industrial Average rose 55.13 (0.36 percent) to 15,288.35.The broad-based S&P 500 increased 7.15 (0.43 percent) to 1,657.62, while the tech-rich Nasdaq Composite Index jumped 18.67 (0.54 percent) to 3,483.91.Leading indices in France, Germany, Britain and Ja...
US stocks dip on Walmart, middling data
2013-05-16 22:53:28 GMT : (Markets - Equity/Americas)
NEW YORK: US stocks Thursday took a pause from a recent winning streak, selling off after a disappointing earnings report from Walmart and some middling economic data.The Dow Jones Industrial Average dropped 42.47 (0.28 percent) to 15,233.22.The broad-based S&P 500 fell 8.31 (0.50 percent) to 1,650.47, while the Nasdaq Composite Index slipped 6.37 (0.18 percent) to 3,465.24. Both the Dow and t...
Stocks slip, dollar gains on Fed policy remarks
2013-05-16 22:05:14 GMT : (Markets - Equity/Americas)
NEW YORK: Global equity markets fell on Thursday after a regional president of the Federal Reserve said the US central bank could begin to ease up on its loose monetary policy this summer, leading the dollar to recover against the euro.Equities had traded mostly flat to slightly lower during most of the session on reports that US housing, labor and regional business conditions pointed to soft spot...
Telus, banks help TSX overcome soft data
2013-05-16 21:56:47 GMT : (Markets - Equity/Americas)
TORONTO: Canada's main stock index advanced on Thursday, boosted by stronger financial stocks and a move by telecoms company Telus Corp to acquire a smaller wireless carrier.Telus said it will pay C$380 million ($370 million) for Mobilicity, whose recent entry into the industry helped force prices down, even though the debt-laden company failed to draw many customers.The index's gains were...
Wall Street slips after Fed comments, but Cisco surges
2013-05-16 21:55:18 GMT : (Markets - Equity/Americas)
NEW YORK: US stocks fell on Thursday, with the downturn accelerating late in the day after a Federal Reserve official said the central bank could begin easing up on its monetary stimulus this summer.The three major US stock indexes had earlier traded in a tight range, supported by a gain of more than 12 percent in Cisco Systems shares and as investors took in a batch of economic data that pointed ...
US stocks mixed after setting fresh records
2013-05-16 14:28:02 GMT : (Markets - Equity/Americas)
NEW YORK: US stocks were mixed in early trade Thursday after two record-setting days, with US economic data confirming the March-April lull but also pointing to continued Fed easing.Thirty minutes into trade, the Dow Jones Industrial Average was down 15.59 points (0.10 percent) to 15,260.10The broad-based S&P 500 lost 2.61 (0.16 percent) at 1,656.17, while the Nasdaq Composite gained 3.16 poin...
TSX may open lower on weak euro zone data
2013-05-16 12:55:37 GMT : (Markets - Equity/Americas)
TORONTO: Canada's main stock index looked set to open lower as weak euro zone consumer inflation figures overshadowed positive data that showed Japan's economy grew faster than expected.TOP STORIES * Japan's economy expanded at a rapid clip at the start of the year, the first hard evidence that Prime Minister Shinzo Abe's sweeping stimulus is beginning to rouse consumers and busine...
Dow, S&P 500 hit new highs; investors confident in rally
2013-05-15 20:36:45 GMT : (Markets - Equity/Americas)
NEW YORK: US stocks edged up on Wednesday, with the Dow and S&P 500 hitting new all-time highs as the market's recent upward momentum persisted, but a steep decline in Apple kept gains in check.The day's gains were broad, with eight of the S&P 500's 10 sectors trading higher. Among the top gainers were the S&P consumer staples index, up 0.8 percent. In contrast, the S&P...
US stocks extend record run, euro slips on data
2013-05-15 20:35:08 GMT : (Markets - Equity/Americas)
NEW YORK: US stocks scaled record highs on Wednesday as weak data reinforced expectations that stimulative central bank policies would continue, while evidence that Europe was stuck in recession pushed the euro to a six-week low against the dollar.US producer prices fell their most in three years in April, reinforcing expectations the Federal Reserve will continue to support the US economy, while ...
TSX ends lower as sluggish data weighs
2013-05-15 20:27:38 GMT : (Markets - Equity/Americas)
TORONTO: Canada's main stock index stumbled to a one-week low on Wednesday after weak data from Europe and the United States raised concerns about the global economic recovery.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 103.40 points, or 0.82 percent, at 12,473.65. All of the 10 main sectors on the index were in the red. Copyright Reuters, 2013
Google stock surges to new record above $900
2013-05-15 15:32:09 GMT : (Markets - Equity/Americas)
WASHINGTON: Google shares leapt to a new all-time high Wednesday, topping $900 for the first time, as the Internet giant opened its developers' conference and reports said new services were planned.At 1510 GMT, Google was up 2.5 percent at $909.43, bringing its gains for the year to nearly 30 percent.The rise gave Google a market value of more than $300 billion. That is still below the value o...
Stronger US dollar hits oil, gold; stocks pause
2013-05-13 21:05:36 GMT : (Markets - Equity/Americas)
NEW YORK: The dollar strengthened against the yen and other major currencies on Monday after the Group of Seven backed Japan's efforts to spur growth through aggressive asset purchases, while oil and gold prices fell on the stronger greenback.A surprise rise in US retail sales in April supported views that the US economy, the world's biggest, remains resilient. The optimistic tone to the d...
Wall St ends near flat after recent gains; healthcare climbs
2013-05-13 20:47:35 GMT : (Markets - Equity/Americas)
NEW YORK: US stocks ended flat on Monday, pausing after hitting record highs last week, but strength in healthcare issues helped to keep declines in check.The S&P 500 healthcare sector climbed 0.7 percent and was the day's best performer.Shares of Theravance jumped 17.9 percent to $41.20 after Irish drugmaker Elan agreed to a $1 billion deal to buy 21 percent of the royalties that Theravan...
US stocks open lower on weak Chinese data
2013-05-13 13:56:59 GMT : (Markets - Equity/Americas)
NEW YORK: US stocks Monday opened lower after disappointing Chinese industrial output figures but better-than-expected US retail sales data.Five minutes into trade, the Dow Jones Industrial Average declined 26.84 (0.18 percent) to 15,091.65The broad-based S&P 500 dipped 2.50 (0.15 percent) to 1,631.20, while the tech-rich Nasdaq Composite Index slipped 2.60 (0.08 percent) to 3,433.98.The losse...
US stocks follow global markets higher as G7 meets
2013-05-10 16:11:43 GMT : (Markets - Equity/Americas)
NEW YORK: US stocks regained momentum Friday after Thursday's losses, moving higher along with global equity markets as the G7 finance chiefs were to meet outside London on global economic challenges About 30 minutes into trade, the Dow Jones Industrial Average added 22.47 (0.15 percent) to 15,105.09.The broad-based S&P 500 rose 4.31 (0.26 percent) to 1,630.98, while the tech-rich Nasdaq C...
TSX opens lower as weaker commodities weigh
2013-05-10 16:06:44 GMT : (Markets - Equity/Americas)
TORONTO: Canada's main stock index opened lower on Friday as sharp drops in the prices of commodities such as gold and oil caused declines in materials and energy stocks.The Toronto Stock Exchange's S&P/TSX composite index was down 27.71 points, or 0.22 percent, at 12,516.19 shortly after the open. Copyright Reuters, 2013
TMX Group profit tops estimates
2013-05-10 13:45:58 GMT : (Markets - Equity/Americas)
TORONTO: TMX Group Ltd, the operator of the Toronto Stock Exchange, reported a better-than-expected profit for the first quarter and said revenue rose 6 percent despite a tough economic backdrop that weighed on trading volumes and issuance.But the comparison to year-ago results is complicated by the fact that TMX was acquired in September by a consortium of Canadian financial institutions who also...
Wall St mostly slips in late trading; Apple down
2013-05-09 22:41:39 GMT : (Markets - Equity/Americas)
NEW YORK: US stocks turned lower in late afternoon trading on Thursday, a day after the S&P 500 posted its fifth record high close, with financials among sectors leading declines and Apple shares falling.The Dow Jones industrial average was down 19.04 points, or 0.13 percent, at 15,086.08. The Standard & Poor's 500 Index was down 4.91 points, or 0.30 percent, at 1,627.78. The Nasdaq Co...