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 52-week high after the bank's chief executive won a vote of confidence from shareholders.Stocks extended gains in afternoon trade after New York Fed President William Dudley said he cannot be sure whether policymakers will next reduce or increase the amount of purchases, due to the "uncertain" economic outlook.Earlier, James Bullard, president of the Federal Reserve Bank of St. Louis, had urged the European Central Bank to consider employing a US-style quantitative easing program to counter ...
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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 52-week high after the bank's chief executive won a vote of confidence from shareholders.Stocks extended gains in afternoon trade after New York Fed President William Dudley said he cannot be sure whether policymakers will next reduce or increase the amount of purchases, due to the "uncertain" economic outlook.Earlier, James Bullard, president of the Federal Reserve Bank of St. Louis, had urged the European Central Bank to consider employing a US-style quantitative easing program to counter ...
TORONTO: Canada's main stock index jumped more than 1 percent to hit nearly a two-month high on Tuesday, fueled by gains in most major sectors and optimism following positive economic data from Europe.British inflation fell twice as fast as expected last month, giving incoming Bank of England Governor Mark Carney more leeway for stimulus. Another report showed that Germany is on track for a solid recovery due to a pickup in demand for its products ...
NEW YORK: US stocks Tuesday closed higher after a strong earnings report from Home Depot and as the market anticipates Wednesday's testimony in Congress by Federal Reserve Chairman Ben Bernanke.At the closing bell, the Dow Jones Industrial Average rose 52.99 (0.35 percent) to 15,388.27.The broad-based S&P 500 added 2.90 (0.17 percent) to 1,669.19, while the tech-rich Nasdaq Composite Index increased 5.69 (0.16 percent) to 3,502.12.FTN Financial's Chris Low expects a status-quo update from Bernanke's upcoming ...
NEW YORK: US stocks on Tuesday opened higher following a positive earnings report by Dow member The Home Depot, which cited the strong recovery in the housing market.Five minutes into trade, the Dow Jones Industrial Average rose 45.63 (0.30 percent) to 15,380.91.The broad-based S&P 500 added 4.05 (0.24 percent) 1,670.34, while the tech-rich Nasdaq Composite Index increased 5.38 (0.15 percent) to 3,026.07. Analysts said the market was looking ahead to public comments by Federal Reserve ...
NEW YORK: US stocks ended little changed on Monday, with indexes hovering near record levels as concerns about a correction cut earlier gains that had been prompted by news about a flurry of acquisitions.The Dow and the S&P 500 briefly hit all-time intraday highs.Early in the session, investors' sentiment was brightened by a slew of deal news, including Yahoo Inc's acquisition of Tumblr.Among the day's top gainers were solar companies after shares of JA Solar ...
NEW YORK: World oil prices pushed higher Monday for the fourth straight session after reversing an early sell-off chalked up to profit-taking.New York's main contract, WTI light sweet crude for June delivery, added 69 cents from Friday's close to $96.71 a barrel.Brent North Sea crude for delivery in July gained 16 cents to $104.80 a barrel in London."It is a very quiet day in the markets due to holidays across several European countries while economic ...
NEW YORK: US stocks closed slightly lower in thin trade Monday ahead of Federal Reserve Chairman Ben Bernanke's testimony on the economic outlook to Congress.At the closing bell, the Dow Jones Industrial Average was down 18.35 points (0.12 percent) at 15,336.05.The tech-rich Nasdaq Composite Index edged down 2.53 (0.07 percent) to 3,496.43 and the broad-market S&P 500 lost 1.21 (0.07 percent) at 1,666.26.The leading indices drifted in mixed fashion around the unchanged mark for much ...
