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New York, Jan 12 (DPA) US stocks rose Monday as traders were hopeful the global economy is on the path to recovery and companies were optimistic of bringing in increased earnings.
The Dow Jones Industrial Average added 48.80 points, or 0.43 percent, to 10,6663.99. The broader Standard & Poor’s 500 Index rose two points, or 0.17 [...]
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New York, Jan 9 (DPA) US stocks posted gains Friday, closing out a strong first week of 2010 despite a disappointing unemployment report that put into question the country’s recovery from recession.
The US unemployment rate was unchanged at 10 percent in December, but another 85,000 jobs were lost on the month, the Labour Department reported [...]
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New York, Jan 8 (DPA) Major Wall Street stock indices have ended mostly higher amid gathering economic optimism.
A government report on Thursday showed that the pace of job losses continues to moderate.
Analysts from Morgan Stanley said that commercial real estate, widely feared as the other shoe to drop after the meltdown in the US residential [...]
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New York, Jan 7 (DPA) US stocks climbed slightly Wednesday, led by commodities producers, but the technology sector slumped.
Higher oil and metals prices helped commodity producers post gains. The technology losses were led by telephone company Verizon and software giant Google, which introduced its first smart phone Tuesday.
The Dow Jones Industrial Average edged up 1.66 [...]
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New York, Jan 6 (DPA) US stocks were mixed Tuesday after a strong first trading day in 2010, with the S&P and Nasdaq both advancing.
The US Commerce department reported that factory orders were up 1.1 percent, more than twice as much as projected, feeding optimism in the wake of a separate positive factory index released [...]
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New York, Jan 5 (DPA) US stocks posted strong gains on the first trading day of 2010 after some positive manufacturing figures fuelled optimism about the prospects for the US economy in the coming year.
The factory index from the US Institute for Supply Management climbed to its highest level in three years. Higher oil prices [...]
New York, Dec 31 (DPA) US markets posted minor gains Wednesday in a light trading session ahead of New Year’s Eve.
Some investors took heart from positive manufacturing data out of Chicago in the industrial heartland, but many appeared to be closing their books on the year and waiting to restart their engines in 2010.
The Dow [...]
New York, Dec 30 (DPA) US markets posted slight losses Tuesday, driven down by a mix of technology, energy and financial stocks.
The losses overshadowed signs that US consumers are getting more optimistic about the state of the economy. The private Conference Board’s index of consumer confidence gained for the second straight month, rising to 52.9 [...]
New York, Dec 23 (DPA) US stocks were up Tuesday after the government reported that the economy grew in the third quarter, although at a slower-than-expected rate.
The Commerce Department said the US economy grew at 2.2 percent in the third quarter of 2009. While the rise in Gross Domestic Product (GDP) was weaker than earlier [...]
New York, Dec 22 (DPA) US stocks experienced modest gains Monday amid further signs the economy is recovering from the worst downturn in decades as the holiday shopping season hit full stride.
The Dow Jones Industrial Average added 85.25 points, or 0.83 percent, to 10,414.14. The Standard and Poor’s 500 Index gained 11.58 points, or 1.05 [...]
New York, Dec 18 (DPA) US stocks tumbled across the board Thursday over concern about global recovery as the US dollar rose.
Standard & Poors’ decision Wednesday to reduce Greece’s credit rating for the second time this year raised concern about the lingering global recession, making investors across Asia, Europe and the US jittery.
Another factor was [...]
New York, Dec 10 (DPA) US stocks posted mild gains Wednesday, ignoring a slump in other global indices blamed on renewed credit fears.
Spain became the latest country to have its creditworthiness doubted, suffering a downgrade from rating agency S&P. Dubai and Greece suffered similar fates at the hands of other agencies Tuesday because of their [...]
New York, Aug 28 (DPA) US stocks slumped during a shortened trading day Friday amid a debt crisis in Dubai that sparked similar sell-offs in other world markets.
Bank of America warned that the troubles of state-owned business conglomerate Dubai World could spark a wider debt crisis in the city-state, which in turn could have serious [...]
New York, Nov 26 (DPA) US stocks rose Wednesday after three separate reports offered signs that the US recovery is gaining steam.
Consumer spending and new home sales rose more than expected in October, while weekly jobless claims dropped to their lowest rate since September 2008. An index of consumer confidence from the University of Michigan [...]
New York, Nov 25 (DPA) US stocks fell slightly on Tuesday as government figures showed that last quarter’s economic rebound was smaller than initially thought.
The Commerce Department in an updated estimate said the economy grew at an annual rate of 2.8 percent in the third quarter, down from the department’s first estimate of 3.5 percent. [...]
New York, Nov 24 (DPA) US stocks surged Monday after the release of some surprisingly buoyant data on home sales.
Existing home sales surged to 6.1 million units in October, the highest annualised rate since February 2007 and up 10.1 percent from September, according to the National Association of Realtors (NAR).
The figures easily beat expectations and [...]
New York, Nov 19 (DPA) US stocks posted modest losses on poor profit forecasts from technology firms and a surprising dip in home construction.
Earnings from Salesforce.com and Autodesk were worse than expected. Other technology shares losing ground Wednesday included Hewlett-Packard, Intel, Cisco and International Business Machines (IBM).
New housing construction unexpectedly plunged 11 percent in October, [...]
New York, Nov 18 (DPA) US stocks posted modest gains Tuesday amid a rise in commodity prices, continuing to push major indices to their highest levels in 13 months.
Crude oil rose 0.3 percent and metals like gold and copper rose, spurring gains in many commodities producers.
The gains overshadowed worse-than-expected government data on industrial production and [...]
New York, Nov 17 (DPA) US stocks rose Monday to 1-month highs after reports of improving retail sales, a better-than-expected General Motors quarterly report and Federal Reserve Chairman Ben Bernanke’s hopes for growth in 2010.
Retail sales climbed 1.4 percent in October, according to new government data coming ahead of the upcoming holiday season. But September’s [...]
New York, Nov 11 (DPA) US stocks were mixed Tuesday as some companies posted disappointing quarterly earnings but financial firms gained.
The uneven trading day comes after a week of big gains by US market indices. The blue-chip Dow Jones Industrial Average, which is trading at its highest level this year, added 20.03 points, or 0.2 [...]
New York, Nov 5 (DPA) US stocks posted mild gains Wednesday as the Federal Reserve kept interest rates at their record low of close to 0 percent.
The central bank signalled it would continue to keep its benchmark federal funds rate at 0-0.25 percent for an ‘extended period’ despite the start of a mild economic recovery.
The [...]
New York, Oct 31 (DPA) Major US stock indices sank nearly three percent Friday as investors exhibited uncertainty about the economy, despite figures that showed a return to growth in the third quarter.
Weak consumer spending, which fell 0.5 percent in September, contributed to the sell off, even as the White House said President Barack Obama’s [...]
New York, Oct 30 (DPA) US stocks posted the strongest rally in months after government data Thursday showed the world’s largest economy grew over the summer, seemingly ending the country’s worst recession in seven decades.
The commerce department said that US economic output grew at an annualised 3.5 percent in the third quarter of 2009, beating [...]
New York, Oct 29 (DPA) US stocks posted heavy losses Wednesday after lower-than-expected monthly home sales fuelled speculation of a weak economic recovery.
The sell-off comes as the US government is due to report third-quarter economic growth figures Thursday morning. The economy is widely expected to have pulled out of its longest recession in decades, but [...]
New York, Oct 28 (DPA) Most US stocks fell Tuesday as consumer confidence dropped for the second straight month.
The private Conference Board’s index stood at 47.7 in October, down 5.7 points from the previous month. Rising unemployment played ‘a major role in this grimmer assessment’, said Lynn Franco, director of the Conference Board’s research centre.
A [...]
New York, Oct 27 (DPA) US stocks began the week with a selloff, fuelled by drop Monday in energy companies, home builders and financial shares.
Crude-oil prices plunged more than two percent in New York trading, pushing down oil firms. Other commodities producers lost ground amid drops in copper and gold prices.
Housing-related shares declined as speculation [...]
New York, Oct 15 (DPA) The Dow Jones Industrial Average topped 10,000 points Wednesday, passing the symbolic mark for the first time since Oct 2008 as the world economy pulls out of recession.
Investors pushed the Dow above 10,000 points on the back of better-than-expected retail sales figures and strong third-quarter earnings reports from technology and [...]
New York, Oct 9 (DPA) Stocks rose Thursday on Wall Street after aluminium giant Alcoa Inc kicked off earnings reports for the quarter with a surprising profit after three straight quarters of losses.
Alcoa, which announced its earnings after markets closed Wednesday, saw its shares increase 1.1 percent to $14.35 per share on the news.
Investors were [...]
New York, Oct 8 (DPA) US stocks posted mixed results Wednesday as Wall Street braced for the start of the third-quarter earnings season in the US.
Financial firms posted gains, but telecommunications companies were down on a light trading day in New York.
The release of third-quarter earnings began after markets closed, with aluminium giant Alcoa Inc [...]
New York, Sep 30 (DPA) US stocks fell Tuesday amid a drop in consumer confidence and concerns about unemployment, even as data showed housing prices soared in July by the most in four years.
Consumer confidence dropped fell to 53.1 points from a revised 54.5 in August, amid rising unemployment, the New York-based Conference Board said [...]
