Traders work on the floor of the New York Stock Exchange near the end of the trading day in New York on Friday. Photograph: Andrew Gombert/EPA
US stock markets dropped dramatically on Friday afternoon, dragging overall global markets to their worst week of the year as concerns about the health of the Chinese economy rattled investors across the world.All of the […]
Nick DeWolfGlobal bonds recovered from a sharp selloff overnight but US stocks continued sliding and saw their worst day this week. The selloff in stocks came ahead of Friday morning’s big May jobs report in the US – the last one before the Federal Reserve’s June policy meeting. First, the scoreboard:Dow: 17,905.58, -170.69, (-0.94%)
S&P 500: 2,095.84, -18.23, (-0.86%)
Nasdaq: 5,059.12, -40.11, (-0.79%)
And now, the top […]
On Feb. 17, an article appeared in The New York Times, “As Rivals Falter, India’s Economy is Surging Ahead,” by Keith Bradsher, which, among other things, says, “The stock market and rupee are surging. Multinational companies are looking to expand their Indian operations or start new ones. The growth in India’s economy, long a laggard, just matched China’s in recent […]
Akin Oyedele
Feb. 23, 2015, 2:14 PM
2,900
Most of the world’s largest stock markets are dominated by a few industries.In contrast, the US has the most diverse range of industries that investors can pick from.According to Credit Suisse’s Global Investment Returns Yearbook for 2015, the three largest industries in 42 of the countries in the FTSE all world index make up at […]
StockRadars, a Bangkok-based service that aims to demystify investing in Asia’s stock markets, has scored a deal of its own after parent company SiamSquared closed a Series A round from Japan’s CyberAgent Ventures and East Ventures.The deal is undisclosed, but TechCrunch understands that it is around $800,000 and at a $5-10 million valuation for the Thai startup. StockRadars currently covers the public markets in Thailand […]
Markets were closed on Monday due to the Martin Luther King Jr. Day holiday. Investors will thus have Tuesday as the first trading day of the week, and would look forward to snap a four-week losing streak. Markets had ended in the green last Friday. But these gains, that ended a five-day losing run, could not help benchmarks close in […]
Global benchmark Brent crude oil closed down nearly a dollar a barrel Friday after a day of choppy trading despite expectations of new investments in the new year, as strong mid-day rallies in crude fizzled.Brent crude was down 91 cents at $56.42 a barrel. Earlier, it touched a post-2009 low of $55.48, having averaged around $110 a barrel between 2011 […]
After 7 straight up weeks, the market finally came back some this week. The havoc in the oil market continues to cause consternation. Friday indexes opened down a bit and continued to selloff as the day progressed. The S&P 500 fell 1.62% and the NASDAQ 1.16%. For the week the S&P 500 had its worst performance since May 2012 at […]
Benchmarks rebounded on Thursday propelled by better-than-expected retail sales data and an impressive initial claims report. The indices made a comeback from the slump they suffered a day earlier and in fact the bearish mood that mostly prevailed through this week. However, some of the day’s gains were eroded post noon by the concerns over the US crude futures falling […]
Benchmarks suffered their biggest drop in two months on Wednesday after a slump in oil prices dragged energy shares down. Oil prices took a beating after OPEC lowered its oil production forecast for 2015. The S&P 500 registered its worst one-day percentage decline since Oct 13. All 10 sectors of the S&P 500 index also posted a decline of more […]
