01182017Wed
Last update: Wed, 18 Jan 2017 10am

Americas

Markets - Equity - Americas

US stocks flat as Mastercard sees solid holiday sales NEW YORK: The Dow edged higher early Wednesday while the Nasdaq retreated a bit from its record close following data suggesting solid holiday retail sales in 2016.A MasterCard report estimated overall retail sales excluding auto and gas grew 7.9 percent, with e-commerce and furniture scoring big gains, despite a drop in sales of men's apparel.Analysts said trading volume remained low Wednesday in a traditionally sleepy period of the year between Christmas and the New Year.About 20 minutes into trading, the Dow Jones Industrial Average stood at 19,948.42, up less than 0.1 percent. Copyright AFP (Agence France-Press), 2016 ...

Markets - Equity - Americas

Wall St slips as technology, consumer stocks weigh NEW YORK: Wall Street slipped for the first time in three days on Wednesday, pulling the Dow away from the elusive 20,000 mark following broad declines across sectors. The blue-chip index came within 19 points of the psychological milestone shortly after the open. However, losses in shares of Walt Disney and Boeing offset gains in Goldman Sachs. US equities have been riding a post-election rally, feeding on optimism that Donald Trump's policies would be business ...

Markets - Equity - Americas

Dollar gains against yen in thin trading after US data NEW YORK: The US dollar rose against the yen on Tuesday on stronger-than-expected US economic data and expectations for a hawkish Federal Reserve, but remained below a recent 10-month high in thin holiday trading. The data helped underscore expectations that the Fed would raise interest rates at a faster pace next year, a view that gained traction after the Fed on Dec. 14 projected three rate hikes next year, up from the two foreseen in ...

Markets - Equity - Americas

Dow drifts near 20,000 ahead of consumer data NEW YORK: The Dow rose closer to 20,000 points early Tuesday in a subdued post-holiday session ahead of key consumer confidence data.About 15 minutes into trade, the Dow Jones Industrial Average was at 19,977.58, up 0.2 percent.The broad-based S&P 500 gained 0.4 percent to 2,273.21, while the tech-rich Nasdaq Composite Index advanced 0.8 percent to 5,503.50.The blue-chip index has been within striking distance of the 20,000 landmark since mid-December, but has so far failed to ...

Markets - Equity - Americas

US stocks dip; Lockheed, other defence companies fall NEW YORK: Wall Street stocks were slightly negative early Friday, with Lockheed Martin and other defense contractors retreating after President-elect Donald Trump renewed criticism of a costly weapons program.Lockheed lost 1.7 percent as Trump on Twitter called for rival Boeing to offer an estimate for the F-18 jet fighter, a potential alternative to Lockheed's F-35 stealth fighter. "Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to ...

Markets - Equity - Americas

US stocks decline after data deluge NEW YORK: Wall Street stocks retreated early Thursday following a deluge of US economic data, including a modest upgrade to the estimate for third-quarter economic growth.The Commerce Department estimated third-quarter economic growth at 3.5 percent, slightly better than the prior estimate of 3.2 percent. Other data showed a drop in durable goods orders in November and jobless claims rose.Early trade followed the trend from Wednesday, when Wall Street equities declined modestly amid below-average volume ahead ...

Markets - Equity - Americas

US stocks retreat as FedEx falls on disappointing earnings NEW YORK: Wall Street stocks retreated Wednesday amid worries about Italian banks and disappointing earnings from FedEx weighing on sentiment.US stocks were in the red most of the session, after European stocks were again pressured by uncertainty about troubled Italian bank Monte dei Paschi di Siena.The Dow pulled back from its assault on 20,000, falling 0.2 percent to 19,941.96, the only the fourth day in December when the index has closed lower.The broad-based S&P 500 ...