Benchmarks ended Wednesday’s listless trading session little changed despite upbeat private sector hiring numbers. Investors refrained from betting ahead of the nonfarm payroll data for June that is scheduled for release on Thursday. Investors also kept an eye on Federal Reserve Chairwoman Janet Yellen’s comments on financial stability.For a look at the issues currently facing the markets, make sure to […]
Benchmarks finished mostly lower on Monday following mixed economic numbers. A gauge of pending home sales numbers hit its highest level in eight months in May. However, data from the Institute for Supply Management showed Chicago PMI numbers dropped more than expected. For the month, the S&P 500 settled in the green and recorded its best quarterly gains since 1998. […]
Technology and small-cap stocks ensured a positive finish for benchmarks on Friday. However, gains were kept in check following a drop in DuPont’s stock. Shares of the company declined after it cut its operating profit forecast for the second quarter and the full year 2014. Markets also received positive economic data on consumer sentiment. Benchmarks had a mixed finish for […]
Originally published June 22, 2014 at 6:20 PM | Page modified June 22, 2014 at 11:38 PM
NEW YORK — The U.S. stock market is back to setting records.After treading water for most of March and April, stocks are nudging deeper into record territory and are closing in on milestones with lots of zeros attached to them. The Dow Jones […]
Benchmarks closed Thursday’s choppy session mostly higher as optimism from Wednesday’s policy statement continued. The modest gains helped S&P 500 hit another record high, but Nasdaq snapped its four-day winning streak. Stocks had dropped to the red zone for a considerable period during the afternoon before managing a rebound almost at the end of the session. Economic data on initial […]
Stocks were narrowly mixed on Thursday after trading in a narrow band all day. Both the S&P 500 and the Dow gained 0.1% while NASDAQ fell by the same percentage. There was a slight upward bias to trading, with six of the 10 S&P sectors closing higher, led by utilities once again, which rose 0.9%, while 17 of the Dow’s […]
Gains in financial and small-cap stocks helped benchmarks shrug off initial losses to end in the green. Stocks had opened in the red owing to dismal housing data. However, improved consumer price data firmed up the US dollar, also leading to expectations of a rate hike. Markets secured their third-straight positive finish on a day when the two-day FOMC […]
Benchmarks had a volatile run through the session, rebounding from a mid-day slump to settle in the green powered by new deals and upbeat economic reports. New deals between Medtronic and Covidien, Williams Companies and Access Midstream Partners, Level 3 Communications and TW Telecom, and SanDisk and Fusion-io boosted sentiment. Encouraging data on manufacturing activity in the New York region, […]
Investors nudged U.S. stocks into positive territory Monday, thanks in part to another round of corporate couplings.Three proposed acquisitions, including medical device maker Medtronic’s $42.9 billion bid for rival Covidien, helped the market eke out a slight gain for the second trading day in a row.Homebuilding stocks also got a boost from […]
The report, seen by the Financial Times, identifies $29.1tn in market investments, including gold, held by 400 public sector institutions in 162 countries.
China’s State Administration of Foreign Exchange has become “the world’s largest public sector holder of equities”, according to officials quoted by Omfif. “In a new development, it appears that PBoC itself has been directly buying minority equity […]
