Wednesday, 05 June 2013 02:36
Posted by Imaduddin
NEW YORK: US stocks bucked the global trend and fell on Tuesday while the dollar rallied as investors questioned how much longer the Federal Reserve will maintain its stimulus program that has bolstered the nascent US economic recovery.A minor lull in the week's busy schedule of central bank meetings and US data initially offered a break from recent sharp moves. But as European markets wound down, the dollar surrendered some gains against major currencies and ...
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NEW YORK: The S&P 500 ended a two-week losing streak on Friday as US jobs data eased anxiety that the Federal Reserve may be reducing its stimulus program in the near future.For the week, the Dow rose 0.9 pct, the S&P 500 gained 0.8 pct and the Nasdaq advanced 0.4 pct.The Dow Jones industrial average shot up 207.50 points, or 1.38 percent, to close unofficially at 15,248.12. The Standard & Poor's 500 Index gained 20.82 points, or 1.28 percent, to end unofficially at 1,643.38. The Nasdaq Composite Index climbed 45.16 points, or 1.32 percent, to finish unofficially at 3,469.22.Copyright Reuters, 2013 ...
TORONTO: Canada's main stock index fell for a fifth straight session on Thursday, dragged by weaker financials to a one-month low as investors nervously awaited an upcoming US jobs report.With the day's drop, the index has slipped into the red for the year.A slew of negative economic numbers this week renewed doubts about the global economic recovery and weighed on the Toronto market.Investors also speculated whether the US Federal Reserve will roll back its stimulus ...
NEW YORK: US stocks rose on Thursday, with the Dow swinging nearly 200 points from its session low to high and the S&P 500 recovering after hitting a key technical level in volatile trading a day before the release of the US jobs report.Market volatility has increased recently and the S&P 500 has lost 3 percent since Federal Reserve Chairman Ben Bernanke's comments two weeks ago that the central bank may decide to reduce stimulus ...
SAO PAULO: Brazil's benchmark Bovespa stock index fell 2 percent in late trading on Wednesday, as investors gauged the impact of exchange rate swings after the government removed a tax on fixed-income investments.<Center><b><i>Copyright Reuters, 2013</b></i><br></center> ...
