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US stocks surge despite crises in Ukraine, Gaza NEW YORK: US stocks surged higher on Friday as strong Google earnings and a large pharmaceutical deal offset worries about worsening international crises in Ukraine and Gaza.The Dow Jones Industrial Average jumped 123.37 points (0.73 percent) to 17,100.18.The broad-based S&P 500 powered up 20.10 (1.03 percent) to 1,978.22, while the tech-rich Nasdaq Composite Index leaped by 68.70 (1.57 percent) to 4,432.15.Friday's gains in the Nasdaq more than counterbalanced the losses from Thursday in the wake of the crash of a Malaysia Airlines passenger plane in the conflict zone of eastern Ukraine. All three indices finished with gains for the week."Investors are continuing to embrace risk and buy every dip," said David Levy, portfolio manager at Kenjol Capital Management."Many investors fear missing out on the bull market," said Gregori Volokhine, president of Meeschaert Capital Markets.Google shot up 3.7 percent as second-quarter earnings rose six percent to $3.42 billion on a 22 ...

CP Rail and energy shares drive TSX higher TORONTO: Canada's main stock index climbed on Friday, supported by gains in shares of energy producers and Canadian Pacific Railway Ltd, as investors shrugged off worries about heightening tensions in Ukraine.World leaders called for an international investigation after a Malaysian airliner with 298 people on board crashed over eastern Ukraine. The incident is the latest twist in the volatile situation in the region.Adding to global geopolitical concerns, Israel intensified its land offensive in Gaza with ...
US shares rebound, euro briefly dips below $1.35 NEW YORK: US stocks rebounded and European markets recovered a bit on Friday but the euro dipped below $1.35 for first time since February after a Malaysian airliner was downed in eastern Ukraine and Israel stepped up a ground assault in Gaza. German Bund yields fell to near record lows as investors bought assets perceived as safe havens after Thursday's crash, a potentially pivotal moment in the worst crisis between Russia and the West since ...
Wall St rebounds after Thursday drop; Google lifts S&P NEW YORK: US stocks rebounded modestly on Friday, after the S&P 500 suffered its worst decline since April 10 a day earlier, with the benchmark index on pace to post a slight gain for the week.Market participants will keep a close eye on geopolitical tensions, as the United States said Friday it could not rule out that Russia may have assisted separatists in firing a missile that likely downed a Malaysian airliner Thursday at the ...
Dow closes at new record as Intel, IBM gain NEW YORK: The Dow Jones Industrial Average bolted to a new record Wednesday as strong Intel earnings and a new IBM venture boosted the blue-chip index.The Dow jumped 77.52 points (0.45 percent) to 17,138.20. The broad-based S&P 500 gained 8.29 points (0.42 percent) to 1,981.57, while the tech-rich Nasdaq Composite Index rose 9.58 points (0.22 percent) to 4,425.97.Intel was by far the leader of the 30-member Dow, soaring 9.3 percent after it reported earnings that ...
Stocks edge lower after Yellen, but bank stocks rise NEW YORK: US stocks closed mostly lower on Tuesday, after the Federal Reserve, in an unusual statement, singled out the valuation of social media and biotechnology shares as "substantially stretched."Bond prices were flat but gold fell as comments by Fed Chair Janet Yellen suggested that interest rates hikes could come sooner than anticipated if the labor market continued to improve.Separately, oil prices tumbled amid rising supply from Libya.On Wall Street, bank stocks provided some support ...
Fed report sends Nasdaq lower; Dow edges higher NEW YORK: US stocks on Tuesday finished mostly lower with the Nasdaq dropping more than 0.5 percent after the Federal Reserve warned that some technology stocks appear to be overvalued.At the closing bell, the Dow Jones Industrial Average advanced 7.26 points (0.04 percent) to 17,062.68, while the S&P 500 fell 3.53 (0.18 percent) to 1,973.The biggest losses came in the tech-rich Nasdaq Composite Index, which slumped 24.03 (0.54 percent) to 4,416.39.Nasdaq fell as low as ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
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WeeklyJuly 10, 2014
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