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US stocks up on earnings; markets await Yellen NEW YORK: Wall Street stocks opened higher Tuesday following solid corporate earnings reports and a large tobacco merger as investors awaited congressional testimony from the head of the US Federal Reserve.Five minutes into trade, the Dow Jones Industrial Average advanced 40.52 points (0.24 percent) to 17,095.94.The broad-based S&P 500 gained 3.08 (0.16 percent) to 1,980.18, while the tech-rich Nasdaq Composite Index added 6.71 (0.17 percent) at 4,447.13.Earnings for Dow components Goldman Sachs, Johnson & Johnson and JPMorgan Chase all exceeded expectations.Meanwhile, US tobacco giant Reynolds American said it will buy Lorillard for $27.4 billion and sell cigarette brands including Salem and Winston to British firm Imperial Tobacco for $7.1 billion.Reynolds said the deal would bolster its position in the US market and in the growing e-cigarette category. Reynolds shares fell 2.9 percent, while Lorillard sank 7.1 percent.Meanwhile, the Commerce Department reported that US retail sales rose only 0.2 percent in ...

Solid Citigroup earnings, M&A power US stocks higher NEW YORK: US stocks scored solid gains on Monday, lifted by Citigroup's better-than-expected earnings and a rash of merger and acquisition activity.At the closing bell, the Dow Jones Industrial Average gained 111.61 points (0.66 percent) at 17,055.42.The broad-based S&P 500 advanced 9.53 (0.48 percent) to 1,977.10, while the tech-rich Nasdaq Composite Index rose 24.93 (0.56 percent) to 4,440.42."After suffering through last week's dismal performance, the bulls got the trading week off on positive footing, courtesy ...
Stocks recover on Citi news, dollar steady NEW YORK: The dollar traded near break-even and global equity markets rose on Monday, lifted by Citigroup's earnings and as investors put aside concerns about euro zone banks and took heart in a fresh round of merger and acquisition activity.Citigroup Inc reported stronger-than-expected adjusted quarterly profit as its fixed-income business performed ahead of forecasts. The bank also announced a $7 billion settlement over its sale of flawed mortgage securities.The settlement with the US Justice Department ...
US stocks edge higher ahead of busy earnings week NEW YORK: US stocks Friday finished a quiet day of trade with modest gains following a handful of mixed earnings report ahead of a busier economic and earnings calendar next week.The Dow Jones Industrial Average rose 28.74 points (0.17 percent) to 16,943.81.The broad-based S&P 500 gained 2.89 (0.15 percent) at 1,967.57, while the tech-rich Nasdaq Composite Index tacked on 19.29 (0.44 percent) at 4,415.49.The market is in "wait and see mode" ahead of next week's ...
US stocks finish higher on Alcoa earnings, Fed minutes NEW YORK: US stocks on Wednesday finished higher following a solid kickoff to earnings season from Alcoa and Federal Reserve minutes that signaled low interest rates for a while longer.At the closing bell, the Dow Jones Industrial Average gained 79.15 points (0.47 percent) to 16,985.77.The broad-based S&P 500 rose 9.08 (0.46 percent) to 1,972.79, while the tech-rich Nasdaq Composite Index advanced 27.57 (0.63 percent) to 4,419.03.Wednesday's gains were a partial bounce-back following two straight days ...
US stocks drop; Nasdaq falls 1.3pc NEW YORK: US stocks on Tuesday fell sharply with the tech-rich Nasdaq suffering the deepest declines as investors fretted over the prospect of higher interest rates right before the kickoff of earnings season.At the closing bell, the Dow Jones Industrial Average dropped 112.90 points (0.66 percent) to 16,911.31.The broad-based S&P 500 fell 13.64 (0.69 percent) to 1,964.01, while the Nasdaq Composite Index slumped 59.71 (1.34 percent) to 4,391.82.Tuesday's losses were deeper than those suffered Monday, ...
US stocks drop amid warnings of a pullback NEW YORK: US stocks fell Monday, retreating from last week's records as analysts pointed to profit taking and to predictions from some experts that the market was due for a pullback.The Dow Jones Industrial Average fell 44.05 points (0.26 percent) to 17,024.21.The broad-based S&P 500 dropped 7.79 (0.39 percent) to 1,977.65, while the tech-rich Nasdaq Composite Index declined 34.40 (0.77 percent) to 4,451.53.Some market watchers expressed nervousness at the latest surge in equity prices that ...

 



 
Index Closing Chg%
Arrow DJIA 16,960.57 0.72
Arrow Nasdaq 4,449.56 0.50
Arrow S&P 1,978.34 0.48
Arrow FTSE 6,791.55 0.44
Arrow DAX 9,644.01 1.53
Arrow CAC-40 4,330.55 1.82
Arrow Nikkei 15,457.87 1.13
Arrow H.Seng 24,216.01 0.31
Arrow Sensex 26,126.75 0.55





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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