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  • US stocks higher despite weak retail sales

    The S&P 500, Dow Jones Industrial Average and NASDAQ Composite all rose on Monday, despite weaker-than-expected retail sales data from the US Census Bureau. The S&P closed New York trade up 0.14 percent at 1,682.50. The DJI was up 0.13 percent to close at 15,484.26, and the NASDAQ closed at 3,607.49, a gain of 0.21

  • U.S. stocks hover around zero level

    The US stocks market hovered around the zero level for most of the trading session, as investors absorb new economic data points and await comments from Chairman Ben Bernanke at his bi-annual testimony in front of congress on the state of monetary policy. Earnings continue to impress with Citigroup notching up strong gains following last

  • Stocks rally as markets absorb Bernanke speech

    After a sluggish Wednesday session that saw US stocks flat-line, the markets rebounded strongly on Thursday, picking up where they left off prior to the release of the FOMC meeting minutes. Wednesday’s minutes left investors uncertain about the future of Fed monetary policy. Uncertainty fueled speculation, causing investors to tread water ahead of key US

  • S&P hits all-time high
    Stock market »

    S&P hits all-time high

    July 12, 2013, 06:23 GMT

    Stocks in the US received a boost on Thursday on the heels of a statement by Fed Chairman Ben Bernanke following the Fed meeting minutes after the bell on Wednesday.  The Fed Chairman was more dovish than many expected, which led to a rally in bonds and a rally in stocks. The meeting minutes were

  • Stocks flat, US Dollar declines following FOMC minutes

    Wednesday’s highly anticipated FOMC meeting minutes were a difficult read for investors, who spent the balance of the day gauging the Fed’s timetable for stimulus reduction. The June 18-9 FOMC meetings gave the market a much clearer timetable on the future of US monetary policy, and Wednesday’s meeting minutes reaffirmed that the end of QE3

  • Stocks end mixed with Nasdaq leading the way higher

    Stocks in the US started off on a weaker note as weaker than expected Chinese export and import data created headwinds for equity markets.  The Asian markets were relatively weak which spilled over into the European session which felt the effects of S&P’s downgrade of Italian debt.  Investors waited the Federal Reserve’s meeting minutes which

  • Markets eye Wednesday’s FOMC meeting minutes, Bernanke speech

    Last month’s Federal Open Market Committee policy meetings signalled a turning point for the global markets. Following a series of upbeat economic reports from the US, speculation was high that the Fed would finally introduce plans to scale back its monthly asset purchase program. The June FOMC policy announcement effectively put an end to the

  • US, global stocks rise amid revised IMF forecast

    Tuesday marketed the fourth consecutive day of gains for US stocks, as earnings optimism uprooted hesitations emanating from the less-than-stellar NFIB Business report. Market sentiment improved on Tuesday following expectations of better-than-expected Q2 earnings in the private sector. Earnings reports have fuelled the stock exchange’s bull market in recent weeks. On Tuesday, this optimism extended

  • Momentum continues to accelerate, beware the Fed Minutes

    US Stocks started the session off on a positive note on the heels of a strong Nikkei and better than expected earnings from Alcoa (NYSE:AA) .  The metals giant reported slightly better than expected profits lifting the Dow Jones Industrial Average. Yields in the US edged lower allowing stocks some small leeway to edge higher. US

  • The Dow Industrial moves higher ahead of earnings season

    Stocks in the US started off the week on a positive note, with futures prices pointing to a higher close on the heels of Friday’s better than expected payrolls data. Yields in the US continue to move higher, which reflects the strength in the US economy, and potential tapering of the FOMC’s bond purchase program.