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US stocks lower as NEW YORK: US stocks skidded lower Wednesday as market sentiment soured less than two weeks before the United States risks going over the "fiscal cliff."   The Dow Jones Industrial Average finished the session down 98.99 points (0.74 percent) to 13,251.97.   The broad-market S&P 500 dropped 10.98 points (0.76 percent) to end at 1,435.81, while the tech-rich Nasdaq Composite lost 10.17 points (0.33 percent) to 3,044.36.   "Stocks fell under the weight of continued disagreement on resolution to the fiscal cliff," said analysts with Charles Schwab & Co.   Washington has until the end of the month to reach a deal to avert the so-called fiscal cliff, a series of tax hikes and spending cuts that are due to take effect in January and could plunge the world's biggest economy into recession.   US President Barack Obama said Wednesday he and Republicans had narrowed differences over how to avoid the "cliff" to "a few hundred million dollars." However, a year-end ...

US stocks drift lower amid NEW YORK: US stocks drifted lower Wednesday as investors digested mixed housing data and eyed Washington's budget impasse amid a looming deadline.   In the first 90 minutes of trade, the Dow Jones Industrial Average shed 14.15 points (0.11 percent) at 13,336.81.   The broad-market S&P 500 lost 2.38 (0.16 percent) to 1,441.41, while the tech-rich Nasdaq Composite dipped 0.21 points (0.01 percent) at 3,054.33.   The markets were watching President Barack Obama and top Republican John Boehner in their effort ...
Stocks rally amid optimism on fiscal cliff NEW YORK: US stocks rallied on Tuesday amid optimism that Washington was serious about reaching a deal on the "fiscal cliff."   The Dow Jones Industrial Average gained 115.73 points (0.87 percent) at 13,351.12 in closing trade.   The broad-market S&P 500 climbed 16.42 points (1.15 percent) at 1,446.78, while the tech-rich Nasdaq Composite rose 43.93 points (1.46 percent) to 3,054.53.   President Barack Obama and top Republican John Boehner have stepped up negotiations in recent days in an apparent effort ...
US stocks open higher on NEW YORK: US stocks edged higher Tuesday amid signs Washington was making progress to avert the "fiscal cliff."   The Dow Jones Industrial Average gained 37.32 points (0.28 percent) about an hour into trade.   The broad-market S&P 500 gained 5.75 points (0.40 percent) to 1,436.11, while the tech-rich Nasdaq Composite climbed 19.12 points (0.64 percent) at 3,029.73.   On Monday, US President Barack Obama and top Republican John Boehner made strides towards a deal to avert the year-end tax and ...
Wall St set to open higher on NEW YORK: US stock index futures pointed to a higher open on Tuesday, extending a rally that lifted the S&P 500 to its highest in nearly two months, as optimism grew that a deal would be made to avert the "fiscal cliff."   Investors have been reluctant to make big bets in the face of uncertainty over the cliff, a combination of steep tax hikes and spending cuts that could hurt the US economy if they take ...
Morgan Stanley fined $5mn over Facebook IPO  WASHINGTON: Morgan Stanley agreed Monday to pay a $5 million fine to settle charges that it improperly handled crucial information on Facebook's earnings ahead of the company's disastrous IPO.   The securities regulator of the state of Massachusetts had charged that Morgan Stanley, the lead underwriter for the $16 billion stock issue in May, coached Facebook on how to present lowered earnings estimates to company analysts.   At the same time, those estimate revisions, made just days before the ...
Stocks rise on deal hopes ahead of fiscal cliff  NEW YORK: US stocks rose Monday amid Wall Street hopes of a political compromise that would prevent the economy from going over the "fiscal cliff" in two weeks.   The Dow Jones Industrial Average was up 102.83 points (0.78 percent) at 13,237.84 in closing trade.   The broad-market S&P 500 gained 16.93 points (1.2 percent) at 1,430.51, while the tech-rich Nasdaq Composite was up 39.27 points (1.32 percent) to 3,010.60.   President Barack Obama hosted top Republican lawmaker John Boehner in ...

 



 
Index Closing Chg%
Arrow DJIA 16,563.30 1.88
Arrow Nasdaq 4,369.77 2.09
Arrow S&P 1,930.67 2.00
Arrow FTSE 6,730.11 0.64
Arrow DAX 9,407.48 1.94
Arrow CAC-40 4,246.14 1.53
Arrow Nikkei 15,620.77 0.16
Arrow H.Seng 24,756.85 0.10
Arrow Sensex 25,894.97 0.74





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln