Markets - Equity
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NEW YORK: The S&P 500 closed at an all-time high for a fifth day on Wednesday in a broad rally that keeps surprising investors with its longevity and resilience.The Dow also ended at a record high for a second straight day, pushing further above 15,000.The S&P 500 has climbed 14.5 percent so far this year.Financials, materials and technology sectors were among the strongest performers, with shares of International Business Machines leading the Dow higher.Among the S&P 500's biggest percentage gainers was Whole Foods Market Inc, whose shares jumped 10.1 percent to $102.19 a day after it reported a rebound in same-store sales and raised its full-year profit view.Apple shares finished the day up 1.1 percent at $463.84 after falling in the previous session.Solid corporate earnings along with continued accommodative monetary policies have supported the market's climb, which had been led by mostly defensive sectors. The recent trend, though, appears to ...
TORONTO: Canada's main stock index jumped almost 1 percent on Wednesday, hitting a one-month high, after strong economic data in China and Germany buoyed hopes for a global economic recovery and boosted the shares of gold producers.Gold shares jumped nearly 6 percent on the back of higher bullion prices, driven by a weaker dollar and robust physical demand. Miner Barrick Gold Corp rose more than 8 percent and rival Goldcorp Inc added more than 6 ...
NEW YORK: US stocks were mixed in early trade Wednesday, one day after the Dow closed above 15,000 points for the first time to cap a two-week climb.About 35 minutes into trade, the Dow Jones Industrial Average were down 13.92 points (0.09 percent) to 15,042.28.The broad-based S&P 500 rose 0.79 (0.05 percent) to 1,626.75, while the tech-rich Nasdaq Composite Index added 5.35 (0.16 percent) to 3,401.97.The US markets took a breather even as Germany reported ...
LONDON: Europe's major stock markets posted solid gains on Wednesday, with Frankfurt's main index hitting another record high and London at its most robust level in more than five years.In New York, shares in the legendary English football club Manchester United slumped in early trading however after the English Premier League champions said long-serving manager Alex Ferguson would retire later this month.At the close of trade in Europe, London's FTSE 100 index of leading companies ...
LONDON: Strong Chinese trade data pushed world shares to five-year highs on Wednesday and boosted growth-sensitive currencies and metals, despite doubts about the quality of the figures.An unexpected rise in German industrial output in March added to the upbeat sentiment lifting European shares and the euro and dampening demand for safe-haven Bunds.Last Friday's upbeat US jobs data and robust German factory orders earlier this week have driven up global stock markets, and the positive mood ...
ISTANBUL: Turkey is in talks with the London Stock Exchange and Nasdaq about possible strategic partnerships for its stock exchange in Istanbul, Deputy Prime Minister Ali Babacan said on Wednesday.Turkey is in the process of merging the Istanbul Stock Exchange, the Gold Exchange and Derivatives Exchange into Bourse Istanbul - an important step in the government's bid to privatise the company and create a regional financial hub."We are holding talks with London and Nasdaq for ...
MUMBAI: Indian shares rose on Wednesday to close at 3 month highs with the BSE index closing just shy of the key psychological level of 20,000 as shares in mortgage lender HDFC Ltd hit a record high after an earnings beat.Lupin Ltd shares also closed at their all-time high after the drugmaker's quarterly results beat expectations, while hopes for continued foreign inflows also lifted index heavyweights such as cigarette maker ITC Ltd.Although foreign portfolio investors ...More Articles...
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