01192017Thu
Last update: Thu, 19 Jan 2017 05am

Americas

Markets - Equity - Americas

US stocks gain at open, oil shares strong NEW YORK: Petroleum-linked shares rose on higher oil prices in opening trading Friday, lifting other stocks as the Dow returned to within striking distance of 20,000 points.Investors followed the trend set Thursday, when the market returned to buying mode after falling Wednesday on the Federal Reserve's decision to hike interest rates."The fact that the stock market didn't cool down on Thursday is precisely why things heated up, as it fostered yet another trade of commission by those afraid of being omitted from further market gains," said Briefing.com analyst Patrick O'Hare.Five minutes into trading on the final day of the week, the Dow Jones Industrial Average was at 19,905.45, up 0.3 percent.The broad-based S&P 500 gained 0.3 percent to 2,267.60, while the tech-rich Nasdaq Composite Index added 0.3 percent at 5,472.59. Copyright AFP (Agence France-Press), 2016 ...

Markets - Equity - Americas

Wall St higher as banks rise on interest rate outlook NEW YORK: Wall Street was higher on Thursday, helped by a rise in bank stocks, a day after the Federal Reserve increased interest rates for the first time this year and signaled a faster pace of hikes in 2017. The Fed sees three rate hikes next year instead of the two foreseen as of September, partly as a result of the changes anticipated under President-elect Donald Trump. Fed Chair Janet Yellen also cited an improving ...

Markets - Equity - Americas

Dow streak of records ends as Fed hikes interest rates NEW YORK: Wall Street stocks fell Wednesday after the US Federal Reserve raised interest rates, snapping a seven-day streak of record closes for the Dow.The Dow Jones Industrial Average dropped 0.6 percent to 19,792.53, retreating from the 20,000 mark which was within reach.The broad-based S&P 500 fell 0.8 percent to 2,253.28, while the tech-rich Nasdaq Composite Index shed 0.5 percent to 5,436.67.The policy-setting Federal Open Market Committee voted unanimously to increase the key federal funds ...

Markets - Equity - Americas

Stocks, dollar edge lower as countdown to Fed begins NEW YORK: World stock indexes and the US dollar eased on Wednesday ahead the US Federal Reserve's statement and expected interest rate increase, with investors bracing for what the central bank may signal about future hikes. Expectations that the Fed would take a cautious stance on its rate outlook caused investors to take profits in the dollar, which has gained nearly 4 percent between the Nov. 8 US election and last Friday. The Fed is ...

Markets - Equity - Americas

Wall St set to open flat as Fed decision looms NEW YORK: Wall Street looked set to open little changed on Wednesday, a day after all three major indexes hit record highs, as investors refrained from making large bets ahead of the outcome of the US Federal Reserve meeting where the central bank is widely expected to raise interest rates. The Fed is tipped to lift rates 25 basis points to 0.50-0.75 percent. The announcement is due at 2 p.m. ET (1900 GMT), followed by ...

Markets - Equity - Americas

US stocks flat ahead of Fed announcement %9 NEW YORK: Wall Street stocks were little changed early Wednesday ahead of a Federal Reserve policy announcement that is expected to result in an interest rate hike.Analysts will be assessing the Fed statement and commentary from Fed Chair Janet Yellen's news conference as far as signals about future interest rate increases. Suggestions of more than two hikes in 2017 could rattle the market, said Briefing.com analyst Patrick O'Hare. US data were mixed, with retail sales ...

Markets - Equity - Americas

Dow, S&P 500, Nasdaq all close at new records again NEW YORK: US stocks pushed to new records yet again Tuesday, with all three major indices finishing at fresh peaks and the Dow advancing within striking distance of the 20,000-point landmark.At the closing bell, the Dow Jones Industrial Average stood at 19,908.26, up 0.6 percent, its seventh consecutive record close. Copyright AFP (Agence France-Press), 2016 ...