Americas
Thursday, 09 May 2013 21:53
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NEW YORK: US stocks were largely flat in early trade Thursday after recent record-setting gains, despite a favorable report on jobless claims.About 30 minutes into trade, the Dow Jones Industrial Average rose 4.69 (0.03 percent) to 15,109.81.The broad-based S&P 500 slipped 1.09 (0.07 percent) to 1,631.60. The S&P 500 has set all-time records for five days in a row.The tech-rich Nasdaq Composite Index was essentially unchanged at 3,413.36.The lull came after the Dow and S&P set fresh record highs earlier this week amid low interest rates and somewhat better US economic data. The Department of Labor reported Thursday that new claims of US unemployment insurance benefits fell to 323,000, well below the 336,000 consensus estimate.Major indices "are poised to take a breather from their recent rally despite this morning's positive update on the labor market," said Wells Fargo in a market note.News Corp. rose 4.5 percent after reporting revenues that ...
NEW YORK: Global equity markets and the euro rose on Wednesday as strong Chinese trade data and signs that Germany may escape a sharp slowdown pushed shares to five-year highs worldwide, with US benchmarks climbing to all-time records.Stocks on Wall Street rose after early declines and closed on a surge, a pattern crude oil tried to follow. The US crude benchmark gained 1 percent, but North Sea Brent fell a tad as concerns persisted over ...
NEW YORK: The S&P 500 closed at an all-time high for a fifth day on Wednesday in a broad rally that keeps surprising investors with its longevity and resilience.The Dow also ended at a record high for a second straight day, pushing further above 15,000.The S&P 500 has climbed 14.5 percent so far this year.Financials, materials and technology sectors were among the strongest performers, with shares of International Business Machines leading the Dow higher.Among the ...
NEW YORK: US stock indices were mixed in early trade Tuesday in the wake of an uneven batch of corporate earnings reports and stronger overseas markets.About 55 minutes into trade, The Dow Jones Industrial Average rose 22.68 (0.15 percent) to 14,991.57.The broad-based S&P 500 added 1.02 (0.06 percent) to 1,618.52, but the Nasdaq Composite Index dropped 6.34 (0.19 percent) to 3,386.63.Earnings reports from DirecTV and EOG bested expectations, and investors were looking ahead to the ...
NEW YORK/LONDON: Gold eased in quiet trade on Monday on continued outflows in bullion-backed exchange-traded funds, and investors were still weighing the metal's inflation-hedge appeal after last week's encouraging US jobs data.Trading volume was much lower than usual as London markets were closed due to the Bank Day holiday.The metal largely ignored comments by European Central Bank President Mario Draghi affirming ECB's readiness to cut interest rates again if the euro zone economy deteriorates further. ...
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