07242016Sun
Last update: Sun, 24 Jul 2016 01pm

Americas

Markets - Equity - Americas

S&P 500 surges to all-time high NEW YORK: The S&P 500 shot to an all-time intraday record in early trade Monday, as Wall Street shrugged off worries over slow global growth and the uncertainty over Britain's break with the EU.About 45 minutes into trade, the S&P 500 was at 2,135.73, about one point above the record set more than one year ago. The Dow Jones Industrial Average rose 0.4 percent to 18,220.87, while the tech-rich Nasdaq Composite Index climbed 0.6 percent to 4,984.57.The gains in the US extended Friday's momentum, when a much better-than-expected June jobs report lifted US stocks by about 1.5 percent.Sentiment was also boosted by expectations of additional economic stimulus in Japan after Prime Minister Shinzo Abe's party swept parliamentary elections.Still, analysts point to heightened uncertainty after Britain's surprise vote last month to leave the European Union.US economic growth is projected to remain sluggish and the upcoming second-quarter earnings period is expected to ...

Markets - Equity - Americas

Tokyo's Nikkei index soars, Pokemon powers Nintendo TOKYO: Tokyo's benchmark stock index soared Monday morning after a strong US jobs report and as the landslide victory of Japan's ruling coalition in weekend elections boosted stimulus hopes.The Nikkei 225 surged 3.21 percent, or 485.26 points, to 15,592.24, while the broader Topix index of all first-section shares climbed 3.01 percent, or 36.39 points, to 1,246.27.Prime Minister Shinzo Abe and his ruling coalition swept weekend parliamentary elections in Japan, despite lukewarm public support for his ...

Markets - Equity - Americas

US stocks rise on solid data, car sales NEW YORK: US stocks rose early Friday following solid US manufacturing data and auto sales, as market attention shifted from the British vote to leave the EU.Data from the Institute for Supply Management's PMI report showed stronger-than-expected manufacturing activity in June. Shares of both Ford and General Motors rose after releasing June US auto sales numbers.Over the past three days, US stocks have recovered most of the losses from the rout after Britain's June 23 ...

Markets - Equity - Americas

US stocks open modestly higher WASHINGTON: US stocks opened modestly higher Thursday as investors weighed the volatile political environment in Britain one week after Britain's vote to quit the European Union.The Wall Street action echoed cooling gains in European markets following a strong two-day rebound spurred by receding fears about the Brexit's impact on the global economy.About five minutes into trade, the Dow Jones Industrial Average was up 0.3 percent at 17,740.02.The broad-market S&P 500 rose 0.2 percent to 2,075.13, ...

Markets - Equity - Americas

TSX rises early as oil supports, Brexit jitters fade TORONTO: Canada's main stock index gained in early trade on Wednesday as higher oil prices boosted shares of energy companies and investors bought back into banks after the initial shock of Britian's vote to exit the European Union. The Toronto Stock Exchange's S&P/TSX composite index was up 115.22 points, or 0.83 percent, at 13,957.91 shortly after the open. All 10 main sectors were higher. Copyright Reuters, 2016 ...

Markets - Equity - Americas

US stocks follow European markets higher; Dow +1.2pc NEW YORK: US stocks surged early Tuesday, rallying with European equity markets following deep losses the last two sessions due to Britain's surprise vote to leave the European Union. About 30 minutes into trade, the Dow Jones Industrial Average was at 17,348.09, up 1.2 percent. The broad-based S&P 500 climbed 1.3 percent to 2,026.12, while the tech-rich Nasdaq Composite Index jumped 1.8 percent to 4,675.00.The gains in Europe were even stronger, with markets in London, ...

Markets - Equity - Americas

US stocks drop further; Dow, S&P 500 down 3pc NEW YORK: US stocks dived to session lows at midday Friday after Britain's surprise vote to leave the European Union, with both the Dow and S&P 500 down about three percent.Near 1650 GMT, the Dow Jones Industrial Average was at 17,473.41, down 3.0 percent.The broad-based S&P 500 shed 3.2 percent at 2,046.78, while the tech-rich Nasdaq Composite Index tumbled 3.7 percent to 4,728.22.Copyright AFP (Agence France-Presse), 2016 ...