08262016Fri
Last update: Fri, 26 Aug 2016 04pm

Americas

Markets - Equity - Americas

Nasdaq closes at record; US retail shares slump NEW YORK: The tech-rich Nasdaq finished at a fresh record Tuesday, but weakness among retailers kept the broader US market essentially flat.Gains by large technology companies such as Apple, Microsoft and Google parent Alphabet lifted the Nasdaq Composite Index to its second record in the last three trading sessions. The Nasdaq gained 0.2 percent to 5,225.48, eclipsing Friday's record by four points.The Dow Jones Industrial Average closed at 18,533.05 while the S&P 500 ended at 2,181.74. Both indices rose less than 0.1 percent.Retail stocks took a hit after Gap reported a four percent decline in comparable store sales for July and a two percent drop for the second quarter, its latest in a string of disappointing results.Gap slumped 6.3 percent, Macy's dropped 2.8 percent, Target was down 3.2 percent and Best Buy lost 1.7 percent. However, Wal-Mart Stores rose slightly, closing up 0.3 percent, fresh off its announced $3.3 billion ...

Markets - Equity - Americas

Valeant surge helps TSX extend 13-month high TORONTO: Canada's main stock index extended its rally at a 13-month high on Tuesday, boosted by a surge in shares of Valeant Pharmaceutical International Inc after the drug maker said it would sell billions of dollars of assets to pay down debt.The index notched its fifth straight rising session and second straight close above a high last seen in June 2015.The most influential gainer by a factor of four was Valeant, which jumped 25 percent ...

Markets - Equity - Americas

Wall Street largely flat as retailers finish lower NEW YORK: Wall Street was largely unchanged on Tuesday though major retailers saw declines in share prices.The tech-rich Nasdaq exchange, however, had its second record close of 2016, finishing up 12 points at 5225.48.The Dow Jones Industrial Average closed up 0.02 percent at 18,533.05 while the S&P 500 was likewise up 0.04 percent at 2,181.74.Stocks had risen during the day in anticipation of Tuesday's earnings from Disney.Clothing retailers Gap Inc. and Nordstrom, department stores Macy's ...

Markets - Equity - Americas

US stocks dip despite gains for energy shares NEW YORK: Wall Street stocks finished lower Monday, retreating from records, despite gains for many energy equities due to higher oil prices.Dow member ExxonMobil rose 1.2 percent, while Schlumberger advanced 1.6 percent after the Organization of Petroleum Exporting Countries said it would hold informal talks next month, potentially signaling tougher action in response to weak prices.But the broader market pulled back from Friday's surge to new records for the S&P 500 and Nasdaq. The Dow ...

Markets - Equity - Americas

TSX hits year-high as resource stocks gain TORONTO: Canada's main stock index hit its highest level in more than a year on Monday as energy stocks jumped with rising oil prices amid improved risk sentiment. At 10:08 a.m. EDT (1408 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 76.08 points, or 0.52 percent, to 14,725.94, its strongest point since July 17 last year.The most influential gainers included its biggest energy companies, with Suncor Energy Inc advancing 1.2 percent to C$35.45 and ...

Markets - Equity - Americas

Most Latam stocks, currencies rise on global risk appetite SAO PAULO: Most Latin American stocks and currencies rose on Monday as global appetite for risky assets remained firm following Friday's solid US jobs report.Many traders saw the figures as a sign of strength in the world's No. 1 economy, which could spill over into emerging markets despite the possibility that US rates could rise sooner as a result.Currencies from crude exporters led the gains, with Colombia's peso rising by the most in a month. ...

Markets - Equity - Americas

US stocks edge up on higher oil prices, Wal-Mart deal NEW YORK: Wall Street stocks opened slightly higher Monday, adding to records as oil prices rose and Wal-Mart Stores edged up on news of its acquisition of online retailer Jet.com.Oil prices advanced as the Organization of Petroleum Exporting Countries said it would hold informal talks next month, potentially signaling tougher action in response to weak oil prices.Wal-Mart gained 0.2 percent after announcing a $3.3 billion purchase of Jet.com, part of its efforts to counter Amazon ...