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A man walks past an electronic stock board of a securities firm in Tokyo, Monday, July 27, 2015. Asian stock markets were lower Monday as weak Chinese manufacturing accelerated the sell-off in oil and other commodities. Investors were also cautious ahead of the Federal Reserve’s policy meeting later this week. (AP Photo/Ken Aragaki)Beijing – […]
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, July 23, 2015.Reuters/Lucas Jackson n”>The S&P 500 and Nasdaq posted their largest weekly drops since March on Friday as slowing global growth dragged commodity-related stocks lower while an earnings-fueled drop in Biogen took down the biotech sector.Biogen (BIIB.O) more than halved […]
Thomson ReutersTraders work on the floor of the New York Stock Exchange shortly after the opening bell in New York(Reuters) – Amazon’s stock price surge into Friday made it the latest of a series of companies to boom following results, and its performance this year, along with a few others, has basically kept the S&P 500 above water.Data from S&P […]
Submitted by Dana Lyons,When we posted yesterday’s piece on the stock market’s weak internals (If Beauty’s On The Inside, This Market Wins The Ugly Contest), we weren’t sure if things could get any worse – and by how much – with the major averages still able to hold near 52-week highs. Well, the answers were “yes” and “a lot”. In […]
The Chinese government just announced that it will suspend stock trading on Sept. 3 and 4, according to the Shanghai Stock Exchange (h/t South China Morning Post’s George Chen) The official reason, as mandated by the securities regulator, is to commemorate the Japanese surrender (link in Chinese) that ended World War II.The motive you won’t find on any Chinese government […]
This is the response that Yellen gives a senator when asked if the Fed is too worried about the stock market.
“I would push back against the notion that we are unduly affected by the ups and downs of the stock market, we are certainly very focused on the fundamentals and economic statistics that describe where the economy is in terms […]
This article is by staff writer William Cowie.By some accounts, China’s stock market has been in free fall. In less than a month, the Shanghai Stock Exchange Composite Index (SSEC) — the Chinese equivalent of America’s S&P 500 stock index — saw a 30 percent drop in value.Media reports have ranged from indifference to breathless comparisons with the great stock […]
The sheer size and importance of China’s equity markets cannot be overstated. Second in size only to the New York Stock Exchange, the combined value of the Asian country’s stock markets is $14 trillion and change. Or at least it was, before they fell 30 percent, wiping away nearly $2 trillion in value. To put this in perspective, the gross […]
WikimediaA software release caused the glitch.A software release caused the blackout at the New York Stock Exchange on Wednesday.According to an update on the NYSE’s website on Thursday, the exchange started rolling out a software release ahead of a scheduled industry test on Saturday.It noted that gateways for customers were updated with the right software at the market open on […]
E-pocalypse now: Airline, stock exchange hit by computer glitchesPublished time: July 08, 2015 23:56Get short URLReuters / Chip EastTagsHacking, Information Technology, Modernization, Politics, Security, USAUnited Airlines was writing boarding passes by hand before stopping all flights for three hours. Then the New York Stock Exchange halted all trades, citing a mysterious “technical glitch.” It wasn’t a cyberattack, US officials said […]
