REUTERS/StringerPupils creating the Chinese flag on a canvas by using their hands dipped in red paint at a primary school in Jinan, Shandong province, in 2009.Foreign cash is streaming into China’s stocks even as the market shows signs of extreme volatility — while analysts pile on to warn that Shanghai equities are in a bubble.Here’s the Financial Times on Friday […]
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The Shanghai Composite stock index was slammed on Thursday, dropping by 6.5%.Over the last year, the Shanghai exchange has grown to be the third largest in the world.Here are the ten largest stock exchanges in the world by total market capitalization, as of April 2015, according to the World Federation of Exchanges’ monthly report. With a total end of […]
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The stock market in Shanghai has been on a tear in recent months, but it took a hard tumble on Thursday. The Shanghai Composite Index fell 6.5 percent in one day as over-leveraged investors fled the feverish market conditions, the Wall Street Journal reported. The index is up about 134 percent over one year ago.Does the Chinese stock market have […]
MAY 23rdUS STOCKS-Wall St ends lower after Yellen comments fail to inspire – Yellen comments leave rate expectations unchanged on Wall Street – Core inflation highest since January 2013 – Boeing falls after Bombardier jet report – Microsoft down after report of Salesforce deal talksU.S. stocks were generally lower Friday after hawkish remarks from Federal Reserve Chair Janet Yellen, who […]
NEW YORK (AP) — U.S. stocks are closing slightly higher, led by an advance in energy stocks as the price of oil climbs.Salesforce.com was among the big gainers Thursday after reporting results that beat analysts’ forecasts. Best Buy was also up after reporting strong earnings.The Dow Jones industrial average edged up a fraction of point to 18,285.The Standard & Poor’s […]
NEW YORK (AP) — The stock market eked out another record close on Thursday as rising oil prices boosted energy stocks.Best Buy was among the biggest gainers after reporting earnings that exceeded the expectations of Wall Street analysts. Lumber Liquidators, a specialty retailer of hardwood flooring, plunged after its CEO abruptly quit the company.Stocks are trading at record levels, but […]
NEW YORK (AP) — U.S. stocks are edging higher in midday trading, led by gains in energy stocks as the price of oil climbs.Salesforce.com was among the big gainers Thursday after reporting results that beat analysts’ forecasts. Best Buy was also up after reporting strong earnings.The Dow Jones industrial average edged up nine points, less than 0.1 percent, to 18,295 […]
Hewlett-PackardTechnology company Hewlett-Packard reports quarterly earnings on Thursday. Its stock has fallen more than 17 percent this year.HP has a chance to move higher after its earnings and could rise to $38 per share in the short term, said trader Guy Adami. It closed around $33 on Wednesday.But HP stock may not react well after earnings, and investors should stay […]
“We’re in a binary situation where either the U.S. has slowed unexpectedly, where it is more than the weather, or we’re going to see a number that says, ‘We’re all back in business and we’re fine,’” said Paul Richards, UBS’ head of foreign exchange distribution, Americas. Richards expects the former.”The data we’ve seen (Friday) has affirmed my view. Next week, […]
Benchmarks gained over 1% yesterday on weaker dollar and drop in bond yields. Thursday’s gains were broad based with the S&P 500 closing at an all-time record high and 9 out of 10 sectors of the index ending in positive territory. Economic data was mixed, giving no clear indication to investors on the timing of first rate hike.For a look […]
