09292016Thu
Last update: Thu, 29 Sep 2016 01pm

Americas

Markets - Equity - Americas

US stocks finish volatile week on down note NEW YORK: Wall Street stocks ended a volatile week on a down note Friday, with weakness in energy, industrials and financials pushing the overall markets lower.Key factors behind the decline included a drop in oil prices and negative sentiment towards banks, in part because of the dimming odds for a Federal Reserve interest rate hike next week.Technology shares generally outperformed the broader market, with Amazon climbing 1.1 percent to $778.29 following an RBC Capital Markets note that set a $1,000 target for shares. The Dow Jones Industrial Average fell 0.5 percent to 18,123.80.The broad-based S&P 500 dropped 0.4 percent to 2,139.16, while the tech-rich Nasdaq Composite Index slipped 0.1 percent to 5,244.57.Petroleum-linked shares mostly declined on lower oil prices, with Dow member Chevron losing 1.7 percent, Halliburton 1.8 percent and Transocean 1.2 percent.Financials were also under pressure. US shares of Deutsche Bank sank 9.4 percent on news that US authorities ...

Markets - Equity - Americas

US stocks drop as banking, oil share retreat NEW YORK: Wall Street stocks dropped early Friday on weakness in banks and petroleum-linked equities, which fell on a retreat in oil prices.About 30 minutes into trade, the Dow Jones Industrial Average was at 18,133.01, down 0.4 percent.The broad-based S&P 500 shed 0.5 percent to 2,136.93, while the tech-rich Nasdaq Composite Index dropped 0.3 percent to 5,231.67.US shares of Deutsche Bank sank 9.0 percent on news that US authorities are seeking as much as $14 ...

Markets - Equity - Americas

Mexico stock exchange resumes trading after halt MEXICO CITY: Mexico's stock exchange suspended trading for nearly an hour on Thursday before normal operations resumed. The stock exchange did not immediately provide an explanation after declaring an "administrative recess," their usual language to describe technical failures. Trading had also been halted on Tuesday due to technical problems.Copyright Reuters, 2016 ...

Markets - Equity - Americas

Stocks gain with dimming chances of Sept rate hike NEW YORK: Global equity prices gained on Thursday after weak US retail sales data undermined the argument that the Federal Reserve will raise interest rates next week. The US Treasury yield curve steepened to its steepest level in about two-and-a-half months as longer-dated debt fell, highlighting expectations that the Fed could hold off from raising rates at its two-day meeting set to conclude on Wednesday. August US retail sales fell more than expected, pointing to ...

Markets - Equity - Americas

US stocks up as Apple gains on strong iPhone sales NEW YORK: US stocks rose early Thursday helped by Apple's jump on reports that its newest iPhones have sold out in some places even before they arrive at stores.Apple climbed 2.6 percent, its fourth straight increase, as reports continue to point to strong demand for the new iPhone 7, which are due in stores on Friday.US data was mixed, with August retail sales falling 0.3 percent from the July level. The producer price index was ...

Markets - Equity - Americas

Wall St drops amid worry over N.Korea test, rate outlook NEW YORK: U.S. stocks sold off on Friday, putting the S&P 500 on pace for its worst day in over two months as investor nervousness increased following a nuclear test by North Korea and comments by Federal Reserve officials that hinted at a U.S. interest rate hike.North Korea conducted its fifth and biggest nuclear test on Friday and said it had mastered the ability to mount a warhead on a ballistic missile, drawing condemnation from ...

Markets - Equity - Americas

Wall Street stocks dip as Fed member backs rate hike NEW YORK: Wall Street shares traded lower early Friday after a US Federal Reserve policymaker added to signs the central bank is likely to raise interest rates later this year. About 30 minutes into trading, the Dow Jones Industrial Average was down 0.9 percent at 18,319.38.The broader S&P 500 was 1.0 percent lower at 2,159.50 and the tech-heavy Nasdaq was also 0.9 percent below Thursday's close at 5,212.21.In a speech delivered Friday morning, Eric Rosengren, ...