12082016Thu
Last update: Thu, 08 Dec 2016 02pm

Americas

Markets - Equity - Americas

Nasdaq tumbles on fears of Trump effect on tech NEW YORK: The Nasdaq fell sharply in mid-morning trading Thursday, with Amazon, Facebook and other large tech stocks tumbling on worries about policy changes and protectionism under the administration of President-elect Donald Trump.The Nasdaq opened in positive territory but fell as much as 2 percent, even as the blue-chip Dow index lingered in record territory.Near 1610 GMT, the Nasdaq was down 1.4 percent to 5,178.03.The Dow Jones Industrial Average was up 0.3 percent at 18,643.99, while the broad-based S&P 500 slipped 0.4 percent to 2,153.69.Art Hogan, chief market strategist at Wunderlich Securities, said Trump stance during the campaign created concerns about how new policies could affect the technology sector."The rhetoric around the large technology companies is neutral to negative," Hogan said. "If we ever get back to that rhetoric that's more protectionist, that doesn't help people that manufacture a bunch of their products overseas, or companies that are putting smaller ...

Markets - Equity - Americas

Dow jumps to new record, extending election rally NEW YORK: The Dow Jones Industrial average shot to a new record early Thursday as Donald Trump's upset US election win continued to drive strong blue chip buying on Wall Street. Seven minutes into trade, the Dow was at 18,731.17, up 0.8 percent. Leading US stock indices have risen four days in a row after a nine-day slump. Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Americas

US stocks up 1pc after shock Trump election triumph NEW YORK: Wall Street stocks move solidly higher by midday Wednesday, to shrug off early losses in the wake of Republican Donald Trump's stunning victory in the US presidential election.Markets turned positive after hesitant selling following the opening, as hopes of a pro-business agenda partially blunted the higher uncertainty.At midday (1700 GMT) the Dow Jones Industrial Average was up 1.0 percent, or 185 points, at 18,518.50. The broad-based S&P 500 rose 0.7 percent to 2,155.48, ...

Markets - Equity - Americas

US stocks dip as markets digest shock Trump win NEW YORK: Wall Street stocks dipped early Wednesday in choppy trading following Donald Trump's shock win in the US presidential election, as hopes of a pro-business agenda partially blunted the higher uncertainty.Markets initially plunged in after-hours trading on Trump's win, but steadied once trading opened, veering in and out of positive territory. Some analysts said the Republican's pledges of increased infrastructure spending and lower taxes could boost the economy.About 50 minutes into trading, the Dow ...

Markets - Equity - Americas

Mexico stock index falls more than 3pc, Nemak, Volaris tumble MEXICO CITY: Mexico's blue chip stock index fell more than 3 percent at the market open on Wednesday after Donald Trump clinched a surprise victory in the US election. By 8.38am central time (1438 GMT), the IPC was down 3.3 percent at 48,471 points, with shares in conglomerate Alfa's auto parts unit Nemak down more than 40 percent, and share in airline Volaris down 25 percent. Copyright Reuters, 2016 ...

Markets - Equity - Americas

TSX gains as gold miners surge after shock Trump win CANADA: Canada's main stock index gained in early trade on Wednesday as investors piled into major gold miners in reaction to a shock victory for Republican Donald Trump in the US presidential election. The Toronto Stock Exchange's S&P/TSX composite index was up 22.93 points, or 0.16 percent, at 14,679.77 shortly after open marginally in the red. The materials sector jumped 3 percent. Copyright Reuters, 2016 ...

Markets - Equity - Americas

TSX edges higher ahead of US election result TORONTO: Canada's main stock index edged higher on Tuesday as gains for materials and financials offset a sharp drop in the shares of a major drugmaker and as investors braced for the outcome of one of the most contentious US presidential elections in history. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 4.39 points, or 0.03 percent, at 14,656.84. Six of the index's 10 main groups ended higher. Copyright Reuters, 2016 ...