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US stocks rise after jobless claims, BofA settlement NEW YORK: Wall Street stocks opened higher Thursday following a drop in US jobless claims and news of Bank of America's record settlement with US authorities over dodgy mortgages.Five minutes into trade, the Dow Jones Industrial Average gained 20.55 points (0.12 percent) to 16,999.68.The broad-based S&P 500 rose 2.37 (0.12 percent) to 1,988.88, while the tech-rich Nasdaq Composite Index edged up 2.98 (0.07 percent) to 4,529.47.The Labor Department reported that US initial jobless claims fell to 298,000 in the week ending August 16, a bigger drop than expected and fresh evidence of tightening in the labor market.The Justice Department announced a long-awaited $16.65 billion settlement with Bank of America to settle accusations over dodgy mortgage securities it issued ahead of the 2008 financial crisis. Bank of America shares rose 1.1 percent.US stocks have been on an upward trend all week with the S&P 500 narrowly missing a record Wednesday.Copyright AFP ...

US stocks mostly up as Fed debate intensifies NEW YORK: Wall Street stocks finished mostly higher Wednesday as US Federal Reserve minutes showed rising debate over recent improvements in the jobs market.The Dow Jones Industrial Average rose 59.54 points (0.35 percent) to 16,979.13. The broad-based S&P 500 gained 4.91 (0.25 percent) to 1,986.51, narrowly missing a record. The tech-rich Nasdaq Composite Index slipped 1.03 (0.02 percent) to 4,526.48.Minutes from the July 29-30 Fed meeting showed an intensifying debate on how much the labor ...
Wall St flat ahead of Fed minutes; retailers resilient NEW YORK: US stocks were little changed Wednesday after two days of gains, ahead of the release of minutes from the most recent Federal Reserve meeting, as investors shrugged off bleak earnings forecasts from some retailers like Lowe's and Target.Investors will peruse the Fed minutes, which will be released at 2:00 p.m. (1800 GMT), for clues on how soon the central bank plans to hike interest rates. At a two-day meeting of the Federal Open ...
TSX little changed as investors eye Fed comment TORONTO: Canada's main stock index was little changed on Wednesday, with weakness in the materials sector offset by gains in industrials, as investors braced themselves for monetary policy commentary from the US Federal Reserve.As minutes from a recent Fed policy meeting are released this afternoon, the market will be looking for clues about when interest rates could go higher. Later this week, Fed Chair Janet Yellen will address policymakers in Jackson Hole, Wyoming.The US central ...
US stocks rise on housing data, Home Depot earnings NEW YORK: US stocks on Tuesday finished with solid gains following encouraging economic data and a solid earnings report from Home Depot.The Dow Jones Industrial Average finished up 80.85 points (0.48 percent) at 16,919.59.The broad-based S&P 500 gained 9.86 (0.50 percent) to 1,981.60, while the tech-rich Nasdaq Composite Index rose 19.20 (0.43 percent) to 4,527.51.Fresh US economic data showed a pickup in US housing starts after two slower months, an encouraging sign for the construction ...
Wall Street gets lift from Home Depot results, data NEW YORK: US stocks rose on Tuesday, after solid earnings from Home Depot and supportive economic data on inflation and the housing market.Home Depot gained 4.1 percent to $86.99 as the biggest boost to both the Dow and S&P 500. The world's largest home improvement retailer reported earnings and revenue that topped Wall Street expectations and raised its full-year profit forecast."It's been very mixed in the retail world and a company like Home Depot, there ...
TSX hits two-week high on upbeat US data TORONTO: Canada's main stock index touched its highest level in more than two weeks on Tuesday as positive US economic data helped drive advances in every major sector.Data showed a rebound in US housing starts in July, while a moderate increase in consumer prices suggested the Federal Reserve has room to keep interest rates low for a while.Investors also awaited the release of minutes from a recent Fed policy meeting to look for clues about ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln