Americas
Monday, 20 May 2013 19:36
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NEW YORK: Yahoo!'s $1.1 billion deal to take over blogging platform Tumblr gave a lift to the Nasdaq Monday but overall stocks opened the week mixed.About 45 minutes into trade, the Dow Jones Industrial Average was down 7.76 points (0.05 percent) at 15,346.64.The tech-rich Nasdaq Composite Index rose 5.87 (0.17 percent) to 3,504.84 and the broad-market S&P 500 edged up 0.89 (0.05 percent) to 1,668.36.In the absence of major economic releases, "M&A news is dominating the headlines," Charles Schwab & Co. said.Yahoo! shares rose 0.4 percent after announcing an agreement to buy Tumblr for $1.1 billion in cash.The two firms confirmed weekend reports of the tie-up, in a deal which helps the struggling Internet pioneer connect with the privately held Tumblr's youthful users."Tumblr gives Yahoo! scale in social media, and, that by itself is enough to argue the deal, at $1.1 billion, is brilliant," said Douglas McIntyre of 24/7WallSt.com.US drug ...
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 ...
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 ...
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