Saturday, 18 May 2013 03:02
Posted by Abdul Ahad
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 weakness in gold came after some Federal Reserve officials said the US central bank might begin to pull back from its easy monetary policies this summer, comments which were interpreted elsewhere as a strident stamp of approval on economic recovery.Investors were further encouraged after a gauge of future US economic activity rose to its highest level in nearly five years in April as firming housing and labor market conditions offset weakness in manufacturing."People were already anticipating the leading indicator number would be pretty good" after a string ...
21
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 weakness in gold came after some Federal Reserve officials said the US central bank might begin to pull back from its easy monetary policies this summer, comments which were interpreted elsewhere as a strident stamp of approval on economic recovery.Investors were further encouraged after a gauge of future US economic activity rose to its highest level in nearly five years in April as firming housing and labor market conditions offset weakness in manufacturing."People were already anticipating the leading indicator number would be pretty good" after a string ...
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 came on the heels of an 83.7 reading on the University of Michigan index of consumer sentiment, ...
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 Japan were all higher.Briefing.com analyst Patrick O'Hare noted that several major companies reported weaker than expected earnings, but the ...
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 the S&P 500 closed at record levels Wednesday.Thursday's losses came after retail giant Walmart ...
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 kept in check by sluggish economic data from Europe and the United States, which weighed ...
