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Wall St bounces after selloff, GDP data NEW YORK: US stocks were climbing in the early stages of trading on Friday, with major indexes bouncing back modestly from their biggest drop since July, after data showed the economy grew at its fastest pace in more than two years. The Commerce Department raised its estimate of gross domestic product to show the economy expanded at a 4.6 percent annual rate, in line with expectations and the best performance since the fourth quarter of 2011. Major indexes saw their biggest declines since July 31 on Thursday in a broad selloff, with the S&P 500 falling through a key technical support level as Apple slumped and the dollar hit a four-year high. "The equity market in general is looking for near-term conviction," said Terry Sandven, senior equity strategist at US Bank Wealth Management in Minneapolis."In recent months, the 'Goldilocks' scenario of modest growth and tame inflation (has) largely been in ...

Apple's fall leads US stocks lower NEW YORK: Wall Street stocks fell sharply in early trade Thursday led by Apple, whose shares sank 2.4 percent on news of a software glitch and worries over its bendable new iPhones.About 40 minutes into trade, the Dow Jones Industrial Average stood at 17,092.92 down 117.14 points (0.68 percent).The broad-based S&P 500 fell 15.05 (0.75 percent) to 1,983.25, while the tech-rich Nasdaq Composite Index tumbled 44.30 (0.97 percent) to 4,510.92.US durable goods orders plunged 18.2 ...
Canadian stock market rally seen cooling in 2015 TORONTO: Canadian stocks are expected to build on gains that already took the broad market to a record high this year, but they may lose momentum in 2015 as weaker commodity prices and a sluggish domestic economy take hold, a Reuters poll found.Toronto Stock Exchange's S&P/TSX composite index will reach 15,500 by the end of the year, up about 14 percent from the end of 2013 and a gain of just around 3 percent from ...
Wall St loses ground after mixed economic data NEW YORK: US stocks were lower shortly after the open on Thursday, on the heels of the biggest gain for the S&P 500 in a month and following data on the labor market and durable goods.Durable goods orders dropped 18.2 percent in August, the largest decline since the series started in 1992, which partially reversed the aircraft-driven 22.5 percent surge in the prior month. However, business spending plans rebounded.Initial claims for state unemployment benefits increased ...
Wall St ends lower, S&P 500 falls for third straight day NEW YORK: US stocks fell on Tuesday, with consumer staples leading the S&P 500 down to its third straight daily loss, as investors grew concerned about the pace of global economic growth. The day's losses were broad, with all ten primary S&P sectors down. Consumer staples were the weakest on the day, off 0.9 percent, while industrials lost 0.8 percent. Wall Street's losses tracked Europe's 1.3 percent slump after data showed a contraction in French ...
Wall St ends lower on housing data NEW YORK: US stocks closed lower on Monday, with the S&P 500 suffering its biggest one-day decline since early August as the latest housing data came in much weaker than expected, raising new concerns about the level of growth in the economy. The Dow Jones industrial average fell 104.01 points, or 0.6 percent, to 17,175.73, the S&P 500 lost 15.89 points, or 0.79 percent, to 1,994.51 and the Nasdaq Composite dropped 52.10 points, or 1.14 ...
TSX hits six-week low on China growth concerns TORONTO: Canada's main stock index fell on Monday, hitting a six-week low, as worries about China's economic growth and weakness in commodity prices weighed on shares of natural resource producers.A Reuters poll showed growth in the Chinese factory sector probably stalled in September. Further, the country's finance minister said that China will not dramatically alter its economic policy because of any one economic indicator.The Toronto equities market extended its slide after recording its biggest single-day ...


Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
Arrow FTSE 6,622.72 0.36
Arrow DAX 9,474.30 0.55
Arrow CAC-40 4,416.24 1.33
Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln