Wednesday, 22 May 2013 02:52
Posted by Imaduddin
NEW YORK: US stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve officials' comments eased some concerns that the central bank could start reducing its stimulus program.Dow component Home Depot gave the market a lift after the world's largest home improvement chain raised its profit outlook, driving its stock to a record intraday high.JPMorgan also bolstered the Dow, rising more than 1 percent to a ...
12 
NEW YORK: US stocks fell on Wednesday with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest US Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting.Trading was volatile - the Dow and the S&P indexes both rose more than 1 percent during the morning, but fell more than 1 percent in the afternoon.The minutes followed comments from Chairman Ben Bernanke, who said the Fed could decide to scale back the pace of bond purchases at one of the "next few meetings" if the economic recovery looked set to maintain forward momentum.The comments were a blow to a market that had accelerated after Bernanke said the central bank needed to see further signs of traction in the economy before it tapered stimulus."This is a very sensitive market and particularly sensitive to any notion ...
NEW YORK: Stocks, bonds and currencies took a wild ride on Wednesday, as remarks by Federal Reserve Chairman Ben Bernanke failed to provide the clear picture investors had hoped for of the likely continuation of the US central bank's bond-buying program, with sentiment ultimately driven by expectations of tapering.Remarks by Bernanke, in testimony to Congress, that the bond purchases would remain in place for now initially drove sharp gains on Wall Street and sent the ...
TORONTO: Canada's main stock index climbed on Wednesday, led by gold miners, after a day of choppy trading as optimism that the US Federal Reserve will keep its easy money policy in place for now was tempered by fears of a stimulus rollback.The resource-heavy market, which advanced for the fourth straight session, reached its highest in more than two months due to early gains.Fed Chairman Ben Bernanke said the central bank's monetary stimulus is helping ...
NEW YORK: US stocks Wednesday ended lower following a choppy day of trading as the market weighed exit signals on the Federal Reserve's exceptionally loose monetary policy.The Dow Jones Industrial Average dropped 80.41 (0.52 percent) to 15,307.17.The broad-based S&P 500 gave up 13.81 (0.83 percent) at 1,655.35, while the tech-rich Nasdaq Composite Index sank 38.82 (1.11 percent) to 3,463.30.Stocks had rallied in the morning during the early part of Federal Reserve Chairman Ben Bernanke's highly ...
NEW YORK: US stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve officials' comments eased some concerns that the central bank could start reducing its stimulus program.Dow component Home Depot gave the market a lift after the world's largest home improvement chain raised its profit outlook, driving its stock to a record intraday high.JPMorgan also bolstered the Dow, rising more than 1 percent to a ...
