Saturday, 04 May 2013 02:31
Posted by Imaduddin
NEW YORK: US stocks soared to new closing records Friday after a strong US jobs report revived confidence in the economic recovery.The Dow Jones Industrial Average was up 142.38 (0.96 percent) to 14,973.96, after having breached the 15,000 mark earlier for the first time.The S&P 500 finished at 1,614.42, up 16.83 (1.05 percent), also setting a new record and crossing the 1,600 mark for the first time.The tech-rich Nasdaq Composite Index ended at 3,378.63, up ...
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NEW YORK: US stocks opened mixed Monday in quiet trading compared with Friday's record-busting drama.Five minutes into trade, the Dow Jones Industrial Average dipped 4.76 (0.03 percent) to 14,969.20.The S&P 500 added 1.84 (0.11 percent) at 1,616.26, while the tech-rich Nasdaq Composite Index rose 8.47 (0.25 percent) to 3,387.10.The slow start to trade followed the powerful rally Friday that vaulted the Dow and the S&P to new record-high closes after a surprisingly favorable US jobs report."There isn't any news this morning that is creating newfound excitement," said Briefing.com analyst Patrick O'Hare. "In turn, there aren't any economic releases changing the low-growth message for developed economies." Copyright AFP (Agence France-Presse), 2013 ...
NEW YORK: US stocks soared to new closing records Friday after a strong US jobs report revived confidence in the economic recovery.The Dow Jones Industrial Average was up 142.38 (0.96 percent) to 14,973.96, after having breached the 15,000 mark earlier for the first time.The S&P 500 finished at 1,614.42, up 16.83 (1.05 percent), also setting a new record and crossing the 1,600 mark for the first time.The tech-rich Nasdaq Composite Index ended at 3,378.63, up ...
NEW YORK: The Dow Jones Industrial Average rose above 15,000 for the first time Friday following a solid US jobs report.At 1447 GMT, the Dow reached 15,003.24, up 171.66, or 1.16 percent. The rise followed a US Labor Department report that showed the US economy added 165,000 jobs in April, well above market expectations.Upward revisions for the prior two months also showed 114,000 more jobs were added than initially estimated.The Standard & Poor's 500-stock index, ...
HOUSTON: Shares of oilfield services firm Weatherford International Ltd soared more than 8 percent on Friday, lifted by an improving outlook.The company, which reported lower first-quarter earnings on Thursday, told analysts in a conference call on Friday that its plans to improve profitability were taking hold."These areas of focus working capital, capital allocation, business focus, and efficiency will be the building blocks that will allow us to deliver increasing free cash flow and higher earnings ...
NEW YORK: US stocks closed about 1 percent higher on Thursday, led by tech shares, after weekly jobless claims figures pointed to improving labor market conditions a day before the closely watched monthly payroll report.The European Central Bank also lifted sentiment, putting the S&P 500 at another all-time closing high, as the ECB cut interest rates for the first time in 10 months and held out the possibility of further action if necessary to boost ...
