07262016Tue
Last update: Tue, 26 Jul 2016 03am

Americas

Markets - Equity - Americas

US stocks press higher after records NEW YORK: US stocks opened higher Wednesday, adding to records for the Dow and S&P 500, as global equities advanced in anticipation of more economic stimulus from central banks.Investor anticipation is building ahead of a Bank of England meeting Thursday that could result in increased support for the British economy after the country voted to break with the European Union."The expectation that further stimulus measures will be forthcoming -- and that the Federal Reserve isn't going to raise the fed funds rate soon -- has been a huge driver of the latest, unbelievable rally effort," said Briefing.com analyst Patrick O'Hare.Five minutes into trade, the Dow Jones Industrial Average was at 18,377.01, up 0.2 percent. The broad-based S&P 500 advanced 0.1 percent to 2,154.69, while the tech-rich Nasdaq Composite Index rose 0.1 percent to 5,027.41.Investors were also eyeing company earnings as the second quarter reporting season opens. On Thursday JPMorgan Chase ...

Markets - Equity - Americas

TSX hits 11-month high as energy shares jump with oil TORONTO: Canada's main stock index rose on Tuesday, hitting its highest level since August, as shares in oil and gas producers jumped with higher crude prices and banking stocks also lent support. Energy shares jumped 1.9 percent and financials added 0.75 percent, while gold miners were among the biggest weights.The gains echoed Wall Street's record highs, partly fueled by Alcoa getting the US earnings season off to a better-than-expected start.At 10:29 a.m. EDT (1429 GMT), ...

Markets - Equity - Americas

Global rally lifts US stocks to new records NEW YORK: Wall Street stocks climbed to new records early Tuesday, advancing with a global rally following better-than-expected earnings from Alcoa.The S&P 500 added to a record high set Monday, while the Dow Jones Industrial Average was trading above its all-time closing high."It appears that the momentum trade is back again, as participants are riding the tape (and the rails) of a market that seemingly has no inclination to dwell on the negatives," said Briefing.com ...

Markets - Equity - Americas

Futures rise a day after S&P 500 hits record high U.S. stock index futures were higher on Tuesday, a day after the S&P 500 hit a record high as investor optimism was propelled by a set of strong economic data. The benchmark index, which came close several times this year to topping its May 2015 record, finally broke through on Monday to a new high of 2,143.16. The Nasdaq hit its 2016 high, also on Monday, while the Dow surged to its highest level in ...

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 ...

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 ...