Americas
Thursday, 16 May 2013 19:28
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NEW YORK: US stocks were mixed in early trade Thursday after two record-setting days, with US economic data confirming the March-April lull but also pointing to continued Fed easing.Thirty minutes into trade, the Dow Jones Industrial Average was down 15.59 points (0.10 percent) to 15,260.10The broad-based S&P 500 lost 2.61 (0.16 percent) at 1,656.17, while the Nasdaq Composite gained 3.16 points (0.09 percent) at 3,474.78.The consumer price index for April -- down 0.4 percent from March -- confirmed there was little inflationary pressure on the economy that would prod the Federal Reserve to tighten monetary policy. Meanwhile a sharp jump to 360,000 in the weekly jobless claims numbers confirmed the Fed's justification for its expansive policy as necessary to reduce unemployment.Also painting a mixed picture were new April housing construction data: housing starts plummeted 16.5 percent from March's high, but new building permits, a sign of future activity, surged 14.3 ...
TORONTO: Canada's main stock index looked set to open lower as weak euro zone consumer inflation figures overshadowed positive data that showed Japan's economy grew faster than expected.TOP STORIES * Japan's economy expanded at a rapid clip at the start of the year, the first hard evidence that Prime Minister Shinzo Abe's sweeping stimulus is beginning to rouse consumers and businesses into action.A senior official at the US Federal Reserve said he believed the central ...
NEW YORK: US stocks edged up on Wednesday, with the Dow and S&P 500 hitting new all-time highs as the market's recent upward momentum persisted, but a steep decline in Apple kept gains in check.The day's gains were broad, with eight of the S&P 500's 10 sectors trading higher. Among the top gainers were the S&P consumer staples index, up 0.8 percent. In contrast, the S&P energy index slid 0.8 percent and was the S&P ...
NEW YORK: US stocks scaled record highs on Wednesday as weak data reinforced expectations that stimulative central bank policies would continue, while evidence that Europe was stuck in recession pushed the euro to a six-week low against the dollar.US producer prices fell their most in three years in April, reinforcing expectations the Federal Reserve will continue to support the US economy, while better-than-expected data on homebuilder sentiment also helped stocks.Some top Fed officials have raised ...
WASHINGTON: Google shares leapt to a new all-time high Wednesday, topping $900 for the first time, as the Internet giant opened its developers' conference and reports said new services were planned.At 1510 GMT, Google was up 2.5 percent at $909.43, bringing its gains for the year to nearly 30 percent.The rise gave Google a market value of more than $300 billion. That is still below the value of Apple, worth more than $400 billion at ...
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