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Dovish Fed minutes send US stocks up more than 1pc NEW YORK: Wall Street stocks Wednesday bolted higher with tech stocks leading the way after US Federal Reserve minutes showed no support for an early rise in interest rates.At the closing bell, the Dow Jones Industrial Average jumped 180.46 (1.11 percent) to 16,436.60.The broad-based S&P 500 advanced 20.19 (1.09 percent) to 1,872.15, while the tech-rich Nasdaq Composite Index soared 70.91 points (1.72 percent) to 4,183.90.Stocks were higher through early afternoon, but rose more after the Fed minutes were released at 1800 GMT. The minutes, as expected, showed the US central bank expect to continue the steady cutback to its stimulus program.But they also showed there was not a groundswell of Fed powerbrokers who supported a speedy rise to benchmark interest rates."There's been this overriding fear in the market that tightening would be sooner on the horizon than people imagine," said Brent Schutte, market strategist at BMO Global Asset Management. "Today's ...

Wall St extends gains following Fed minutes: us stocks NEW YORK: US stocks jumped on Wednesday, with the three major indexes hitting session highs, after minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than previously expected.The Dow and the Nasdaq rose more than 1 percent with internet and biotech stocks leading the gains. Facebook shares jumped 5.6 percent to $61.45.Fed policymakers were unanimous in wanting to ditch the thresholds they had been using to telegraph a policy tightening, ...
Nasdaq snaps losing streak, leads market higher NEW YORK: The tech-rich Nasdaq Composite Index rallied on Tuesday, leading the market to its first day of gains after three straight losses.The Nasdaq jumped 33.23 (0.81 percent) to 4,112.99.The Dow Jones industrial Average advanced 10.27 (0.06 percent) to 16,256.14, while the broad-based S&P 500 rose 6.92 (0.38 percent) to 1,851.96.Analysts said it was too soon to say if Tuesday's rally meant the tech sector had stabilized. Nasdaq has been in retreat since early March ...
US stocks mostly fall on mixed IMF outlook NEW YORK: US stocks Tuesday moved mostly lower in early trade as the International Monetary Fund gave a mixed reading on the global economy and investors looked ahead to earnings season.About 30 minutes into trade, the Dow Jones Industrial Average fell 33.36 points (0.21 percent) to 16,212.51, while the broad-based S&P 500 edged down 1.62 (0.09 percent) to 1,843.42. The tech-rich Nasdaq Composite Index rose 3.49 (0.10 percent) to 4,083.24, after a three-day losing streak ...
US stocks fall more than 1pc as tech slump continues NEW YORK: US stocks Monday slumped for a third day in a row as investors worried about whether high-flying technology stocks are overvalued and cautiously anticipated earnings season. At the closing bell, the Dow Jones Industrial Average tumbled 165.49 points (1.01 percent) to 16,247.22.The broad-based S&P 500 sank 19.95 (1.07 percent) to 1,845.14, while the tech-rich Nasdaq Composite Index declined 47.97 (1.16 percent) to 4,079.75.The losses followed weakness since the middle of last week. Technology ...
Stocks sag around globe; US Treasuries rise: global markets NEW YORK: Wall Street stocks fell 1 percent on Monday, joining a broad retreat in global equities markets from a six-year high touched last week, while US Treasuries' yields moved lower.The dollar fell against major currencies as comments from European Central Bank policymakers curbed expectations of more euro zone economic stimulus and boosted the euro against the greenback.On Wall Street, losses accelerated and the S&P 500 index of large-cap US companies was on track for ...
S&P 500 on track for worst 3-day decline NEW YORK: US stocks fell sharply on Monday, putting the S&P 500 on track for its biggest three-day drop in two months, as investors bid down Internet stocks which had outperformed recently and rotated into defensive names to protect against further declines.Internet stocks were the day's biggest decliners with down 2.8 percent at $314.02, Yahoo! Inc off 4.6 percent at $32.67 and Google Inc down 1.9 percent at $532.78. The Global X Social Media ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
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WeeklyApril 14, 2014
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