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Dow closes at new record as Intel, IBM gain NEW YORK: The Dow Jones Industrial Average bolted to a new record Wednesday as strong Intel earnings and a new IBM venture boosted the blue-chip index.The Dow jumped 77.52 points (0.45 percent) to 17,138.20. The broad-based S&P 500 gained 8.29 points (0.42 percent) to 1,981.57, while the tech-rich Nasdaq Composite Index rose 9.58 points (0.22 percent) to 4,425.97.Intel was by far the leader of the 30-member Dow, soaring 9.3 percent after it reported earnings that bested expectations and announced $20 billion in additional share repurchases.IBM rose 2.1 percent after unveiling a "landmark" partnership with Apple in which the two giants will collaborate on applications for Apple's iOS system, which will employ IBM's supercomputing analytics. Apple fell 0.6 percent.Microsoft, another tech company in the Dow, gained 3.8 percent as investors await a major reorganization announcement from new chief executive Satya Nadella."Technology was really more the driver today," said Sam Stovall, chief ...

Stocks edge lower after Yellen, but bank stocks rise NEW YORK: US stocks closed mostly lower on Tuesday, after the Federal Reserve, in an unusual statement, singled out the valuation of social media and biotechnology shares as "substantially stretched."Bond prices were flat but gold fell as comments by Fed Chair Janet Yellen suggested that interest rates hikes could come sooner than anticipated if the labor market continued to improve.Separately, oil prices tumbled amid rising supply from Libya.On Wall Street, bank stocks provided some support ...
Fed report sends Nasdaq lower; Dow edges higher NEW YORK: US stocks on Tuesday finished mostly lower with the Nasdaq dropping more than 0.5 percent after the Federal Reserve warned that some technology stocks appear to be overvalued.At the closing bell, the Dow Jones Industrial Average advanced 7.26 points (0.04 percent) to 17,062.68, while the S&P 500 fell 3.53 (0.18 percent) to 1,973.The biggest losses came in the tech-rich Nasdaq Composite Index, which slumped 24.03 (0.54 percent) to 4,416.39.Nasdaq fell as low as ...
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 ...
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 ...


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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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
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WeeklyJuly 10, 2014
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