06262016Sun
Last update: Sun, 26 Jun 2016 04pm

Americas

Markets - Equity - Americas

US stocks rise as chip companies boost Nasdaq 1.2pc NEW YORK: Wall Street stocks rose Friday with the Nasdaq climbing more than one percent following a blowout earnings report from chip supplier Applied Materials.Applied Materials, which provides materials and software to build semiconductors, surged 13.8 percent after announcing that second-quarter orders jumped 37 percent from the year-ago period to $3.45 billion as it predicted record profits in 2016.Chip companies Western Digital and Micron Technology rose 3.1 percent and 7.3 percent, respectively.Meanwhile the broader market benefited from a bounce after largely negative trade the last three days."People were under-invested," said Mace Blicksilver, director of Marblehead Asset Management.At the closing bell, the Dow Jones Industrial Average stood at 17,498.48, up 0.4 percent.The broad-based S&P 500 rose 0.6 percent to 2,052.19, while the tech-rich Nasdaq Composite Index jumped 1.2 percent to 4,7369.56. Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Americas

Dollar rises to third weekly gain; stocks jump NEW YORK: Global equity markets rose on Friday as investors took in stride the possibility the Federal Reserve may hike interest rates in June, a view that helped US bond yields to rise and lifted the dollar to a third straight week of gains. US home resales rose more than expected in April, suggesting the American economy has continued to gather pace during the second quarter. The data added to a growing perception that a ...

Markets - Equity - Americas

Little for US stock investors to cheer on anniversary of S&P record high NEW YORK: A year ago the US stock market minted new all-time highs, but you could excuse investors for not celebrating the anniversary.The benchmark S&P 500 has failed to close higher since ending at 2,130.82 on May 21, 2015, and now trades some 4 percent below that peak. It also has yet to top its intraday record high of 2,134.72 hit on May 20, 2015.A raft of concerns has pressured equities over the past year, ...

Markets - Equity - Americas

Brazil stocks up as Parente named Petrobras CEO SAO PAULO: Brazilian equities rose on Friday after the nomination of a well-known executive as head of Petrobras allayed fears of political meddling at the embattled state-controlled oil company.Brazil's interim president, Michel Temer, announced on Thursday he will name Pedro Parente as chief executive officer of Petr?leo Brasileiro SA, as the company is formally known.He will be charged with helping the company out of its current financial crisis, a result of low world oil prices, ...

Markets - Equity - Americas

TSX down as Fed rate-hike speculation weighs on commodities TORONTO: Canada's main stock index fell on Thursday to a one-week low, including losses for energy and financial stocks as Federal Reserve interest rate hike speculation weighed on commodity prices.Among the top decliners was First Quantum Minerals Ltd , down 4.81 percent to C$8.31, while Canadian Natural Resources dropped 2.39 percent to C$37.10.At 10:13 a.m. EDT (1413 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 123.15 points, or 0.89 percent, to 13,702.86.Nine of the ...

Markets - Equity - Americas

Stocks sell off, dollar gains as possible Fed hike weighed NEW YORK: Stocks around the world sold off on Thursday, while the U.S. dollar gained, pressuring oil prices, as increased expectations that the Federal Reserve could raise interest rates in the near term rippled through financial markets.Investors were adjusting to the minutes of the Fed April meeting, released on Wednesday, in which the U.S. central bank opened the door to a rate hike in June.Speaking on Thursday, New York Fed President William Dudley said the ...

Markets - Equity - Americas

Fed fears hit US stocks; Wal-Mart, Monsanto surge NEW YORK: Wall Street stocks tumbled early Thursday on worries about higher US interest rates, even as Wal-Mart Stores jumped on solid earnings and Monsanto surged on merger talks with Germany's Bayer.Analysts said the market was fixated on Federal Reserve meeting minutes released Wednesday that lifted the odds the US central bank will increase interest rates in the June 14-15 monetary policy meeting.Generally, analysts expect the Fed will hold off in raising rates, especially just ...