Good economic data comes rolling in … and the market throws a taper tantrum.The ADP payroll report showed that 215,000 jobs were created in November, well ahead of the consensus expectation of 173,000, and October’s figure was revised from 130,000 to 184,000. Adding to the rosy outlook, initial claims for unemployment fell to 298,000 last week — much less than […]
US stock markets rose after incoming Fed chair Janet Yellen calmed fears the central bank might begin to taper its bond-buying programme before next year. Photograph: Richard Drew/APAmerican stock indices the S&P 500 and the Nasdaq ended lower on Monday while the Dow failed to close above its milestone level of 16,000 as stocks were sold off late following […]
The Dow and S&P 500 hit new highs on Friday, notching up their sixth consecutive week of gains riding high on Federal Reserve chair nominee Janet Yellen’s recent comments supporting the Central Bank’s stimulus program. Shares of Exxom Mobil Corp. moved higher after Warren Buffett’s Berkshire Hathaway Inc. revealed that it had acquired an additional stake worth $3.45 billion in […]
Stocks ended sharply lower on Thursday, after weak earnings from Whole Foods and Qualcomm dragged down the S&P 500 and Nasdaq. However, Twitter made an impressive debut on the bourses yesterday. Meanwhile, a number of government reports were published yesterday. These reports along with Friday’s much awaited job’s numbers will give investors some insight into how long the Fed will […]
