Saturday, 25 May 2013 19:29
Posted by Muhammad Iqbal
NEW YORK: The 7.3 percent plunge in Japanese stocks during the week injected needed sobriety into US markets, but they showed a resilience that cheered investors worried about protecting the year's gains.The drop in Tokyo Thursday a modest correction in the context of the Nikkei 225's 21 percent climb in five weeks sent other Asian and European markets sinking by more than two percent.But US stocks fended off the selling pressure, the S&P 500 finishing just 0.28 percent lower for the day, sending a sigh of relief around the world.Traders remained cautious Friday, with stocks virtually unchanged for the day. That left the markets lower for the five-day period after three straight weeks in which the Dow and S&P finished at all-time highs."Our markets have been pretty extended, and certainly things don't go up for ever," said Michael James of Wedbush Securities."For the market to take a bit of a ...
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NEW YORK: The 7.3 percent plunge in Japanese stocks during the week injected needed sobriety into US markets, but they showed a resilience that cheered investors worried about protecting the year's gains.The drop in Tokyo Thursday a modest correction in the context of the Nikkei 225's 21 percent climb in five weeks sent other Asian and European markets sinking by more than two percent.But US stocks fended off the selling pressure, the S&P 500 finishing just 0.28 percent lower for the day, sending a sigh of relief around the world.Traders remained cautious Friday, with stocks virtually unchanged for the day. That left the markets lower for the five-day period after three straight weeks in which the Dow and S&P finished at all-time highs."Our markets have been pretty extended, and certainly things don't go up for ever," said Michael James of Wedbush Securities."For the market to take a bit of a ...
NEW YORK: US stocks closed flat Friday, reeling in early losses but showing caution following Japan's Thursday 7.3 percent plunge and ahead of the three-day US Memorial Day holiday weekend.The Dow Jones Industrial Average finished up 8.60 points (0.06 percent) at 15,303.10.The broad-based S&P 500 was down 0.91 (0.06 percent) at 1,649.60, while the tech-rich Nasdaq Composite slipped 0.28 (0.01 percent) to 3,459.14.A slight 0.9 percent rebound in Japan's Nikkei 225 index and modest further ...
NEW YORK: US stocks fell in early trade on Friday as caution reigned one day after a shock sell-off in Asia and Europe and ahead of the three-day US Memorial Day holiday weekend.Thirty minutes into trade, the Dow Jones Industrial Average was down 55.16 points (0.36 percent) to 15,239.34.The broad-based S&P 500 lost 9.40 (0.57 percent) to 1,641.11, while the tech-rich Nasdaq Composite fell 20.36 (0.59 percent) at 3,439.06.Stocks slipped despite a rebound in US ...
NEW YORK: Stocks prices worldwide fell on Thursday as investors questioned the pace of economic growth and when the US Federal Reserve's stimulus program would end.US shares ended mildly lower after a volatile session, bucking the trend of overseas indexes, which fell sharply as weak data in Europe and China underlined the uncertain growth outlook.While US stocks tracked that weakness at multiple times throughout the session, analysts said Wednesday's steep decline, triggered by questions over ...
TORONTO: Canada's main stock index dipped on Thursday as fears the US Federal Reserve will dial back its bond-buying program and pessimism following sluggish economic data from China and Europe fueled declines in all major sectors.Weakness in Toronto-Dominion Bank further weighed on the market after the country's No. 2 lender reported earnings slightly below expectations.Investors were nervous after Fed Chairman Ben Bernanke told Congress on Wednesday that a decision to scale back massive bond buying ...
NEW YORK: US stocks slipped on Thursday but finished sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.Trading was choppy as many traders were adjusting their positions ahead of the long holiday weekend. Markets will be closed on Monday for Memorial Day.Hewlett-Packard shares jumped more than 17 percent to a fresh 52-week high a day ...
NEW YORK: US stocks finished slightly lower Thursday, little-affected by a sharp selloff in Asian and European markets led by the 7.3 percent plunge of Japan's Nikkei 225 index.At the closing bell, the Dow Jones Industrial Average was down 11.13 (0.07 percent) to 15,296.04. The Dow rallied after opening sharply lower and hitting an inter-session low of 15,180.The broad-based S&P 500 followed a similar trajectory, losing 1.1 percent in opening trade but closing at 1,650.69, ...
