New York: US stocks added to gains on Friday, with the Dow industrials at a record high above 15,000 after a strong payrolls report for April and large upward revisions showed the jobs market is healing despite the sluggish recovery in the overall economy.
The Dow Jones industrial average rose 176.4 points or 1.19 per cent, to 15,007.98, the S&P 500 gained 20.7 points or 1.3 per cent, to 1,618.29 and the Nasdaq Composite added 46.01 points or 1.38 per cent, to 3,386.64.
The S&P 500 index broke above 1,600 and the Dow briefly traded above 15,000 for the first time as stocks extended this year's rally.
Confirming the broad strength of the market's advance, the mid- and small cap Russell 2000 stock index rose 2 per cent to a record....
more
10:37 AM, May 04, 2013
Equity benchmarks ended marginally higher on Monday even as macro indicators showed that the economy is yet to turn. The Sensex rose 29 points to close at 18865 and the Nifty gained 22 points to close at 5704. Mid and small cap shares were the star performers of the day. ...
09:56 AM, Apr 01, 2013
Japan's Nikkei share average rose above 12,000 on Thursday for the first time in 4.5 years, with risk appetite supported by a record high on Wall Street and the prospect of Japan soon adopting an aggressive reflationary monetary policy. The Nikkei rose 1.1 per cent to 12,060.96 by mid-morning, its highest level since September 2008. ...
08:17 AM, Mar 07, 2013
With US stock market indices more than doubling since the financial crisis and the American housing market recovering, there are increasing hopes on Wall Street that a wider "wealth effect" could set in. ...
08:30 AM, Mar 06, 2013
New York: Speculation that governments in the US and Europe will act to help their economies sent stocks surging to their best day this year. Atlanta Federal Reserve President Dennis Lockhart said in a speech that weak job growth over the past two months highlighted the "halting and tenuous" recovery. If the trend continues, "further monetary actions to support the recovery will certainly need to be considered," he said. At...
09:20 AM, Jun 07, 2012
Global markets are jittery over concerns that Greece may drop the Euro. ...
09:42 AM, May 24, 2012
New York: Dow Jones industrial average has crossed 13,000 for the first time since before the 2008 financial crisis. The Dow passed 13,000 about two hours into the trading day. Its last time there was May 20, 2008, four months before the Lehman Brothers investment bank went under. U.S stocks got help on Tuesday from a bailout deal for Greece, aimed at preventing a potentially catastrophic default, and from strong...
10:17 PM, Feb 21, 2012
Asian markets extended their rally following global sentiments after Europe announced the Greek bailout package, which calmed nerves worldwide. ...
09:05 AM, Oct 28, 2011
New York: Stocks are surging in early trading after European leaders agreed on a deal to slash Greece's debt. The US economy grew between July and September at its fastest rate in a year, and Dow Chemical Co became the latest big company to report stronger earnings. Global markets soared on Thursday after the European agreement, which is aimed at preventing a two-year debt crisis there from dragging the world...
07:28 PM, Oct 27, 2011
New York: The S&P 500 and Nasdaq rose more than 4 per cent in afternoon trading on Thursday while the Dow added to gains, with energy and financial services companies among the strongest sectors. Solid results from Cisco and mildly encouraging US jobs data helped stocks recover from recent steep losses. The Dow Jones industrial average was up 393.02 points, or 3.67 per cent, at 11,112.96. The Standard & Poor's...
12:04 AM, Aug 12, 2011
New York: Stocks are falling at the close of trading as investors' attention returns to the weak economy and Europe's debt problems. The Dow Jones industrial average is down 519, or 4.6 per cent, to 10,720. It's the third time in the last five trading days that the Dow lost more than 500 points. The S&P 500 is down 51 points, or 4.4 per cent, to 1,121. The Nasdaq is...
02:04 AM, Aug 11, 2011
New York: US stocks fell sharply on Wednesday, wiping out most of the previous session's gains, on fears of tumult in the French banking sector, which has significant exposure to shaky European debt. US financial stocks led the decline on worries that any French bank problems could spread to them. The KBW bank index slid 6 per cent. Large financial institutions' shares sank, including Bank of America Corp, down 7.2...
07:50 PM, Aug 10, 2011
New York: Stocks are rising at the closing of trading after the Federal Reserve said it has discussed policy moves it can make to spur the economy. The Fed also said growth has been slower than expected. The Dow Jones industrial average is closing up 429 points, or 4 per cent, to 11,239.77. Stocks rallied in the last hour of trading. Stocks initially fell after the Fed made its statement,...
02:16 AM, Aug 10, 2011
New York: Stocks pared gains and the Dow and S&P 500 briefly turned negative on Tuesday in volatile trading after the US Federal Reserve said the economy had weakened. The Dow Jones industrial average was up 60.43 points, or 0.56 per cent, at 10,870.28. The Standard & Poor's 500 Index was up 14.82 points, or 1.32 per cent, at 1,134.28. The Nasdaq Composite Index was up 51.58 points, or 2.19...
07:25 PM, Aug 09, 2011
Washington: Better. The job market beat expectations, and the stock market managed a modest gain - not great, but good enough after a turbulent week. The nation added 117,000 jobs in July, the government said on Friday - far from what happens in a healthy economy, and only good for a reduction of one notch in the unemployment rate, to 9.1 per cent. But the jobs number beat the forecast...
12:26 PM, Aug 06, 2011
The Wall Street crash has triggered a lot of talk about debt ceilings, jobs and the economy. ...
08:07 AM, Aug 06, 2011
New York: US stocks rose in volatile trade on Friday as investors saw a buying opportunity following the sharp sell-off that took the S&P 500 down 10 percent over the last 10 sessions. The stock market extended its rebound after Italian Prime Minister Silvio Berlusconi said his country will introduce a constitutional principle of a balanced budget, adding that: "We will accelerate measures" in an austerity program, with the "aim...
11:20 PM, Aug 05, 2011
Wall Street is reeling after suffering its single worst day since the 2008 financial crisis. The Dow alone plummeted more than 500 points on Thursday. ...
09:31 AM, Aug 05, 2011
New York: Investors fled Wall Street in the worst stock-market sell-off since the middle of the financial crisis in early 2009 in what has turned into a full-fledged correction. The Dow and the S&P tumbled more than 4 per cent on Thursday and the Nasdaq lost 5 per cent on fear the United States is staring at another recession and that Europe's sovereign debt crisis is swallowing two of its...
07:40 AM, Aug 05, 2011
Mumbai: The BSE benchmark Sensex extended gains for the third straight day by adding over 104 points in the opening trade today on sustained buying by funds. The 30-share index of the Bombay Stock Exchange, which had gained over 418 points in the previous two sessions, moved up further by 104.33 points to 18,370.43 in the opening trade. In a similar fashion, the broad-based National Stock Exchange Nifty index rose...
10:11 AM, May 30, 2011
