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  • Stocks tread carefully amid Fed uncertainty, economic data

    Stocks on the US exchanges fluctuated throughout the day before pulling ahead in the late hours of New York trade, as market participants mulled over the Federal Reserve’s next course of action. Most economists now believe the central bank will continue to purchase bonds at a pace of $85 billion per month until next spring,

  • US stocks fall as markets absorb FOMC decision

    Stocks on the American exchanges fell as market participants continued to speculate about the Federal Open Market Committee’s latest policy announcement. The Fed stuck to its guns Wednesday, opting to hold the pace of monthly asset purchases at $85 billion. Although the Fed surprised no-one with its latest policy decision, the central bank “was a

  • Visa Falls Despite Revenue Gains
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    Visa Falls Despite Revenue Gains

    November 1, 2013, 07:06 GMT

    Shares of Visa (NYSE:V) moved sharply to the downside in the extended hours session following a drop in profits during company’s fourth quarter. The company reported earnings of $1.85 per share, or $1.2 billion, an increase of 20% and 15% over the same period’s adjusted results in 2012. Moreover, the company announced an additional $5.0

  • US stocks decline as FOMC maintains record stimulus

    US stocks failed to rally after the Federal Open Market Committee said it would maintain the pace of record stimulus for at least another month. In a decision that surprised no-one, Fed officials opted to continue stimulating the economy at a pace of $85 billion per month. Sluggish job growth, waning home sales and declining

  • US stocks rise as Fed begins policy talks

    US stocks maintained their upward momentum, with the Standard & Poor’s 500 Index extending its record high. The benchmark index was supported after weak economic data reassured market participants the Federal Reserve won’t reign in record stimulus at this time. The Federal Open Market Committee is coalescing in Washington for a two-day meeting to discuss

  • US stocks rise on anticipation of prolonged Fed stimulus

    Stocks on the American exchange edged higher after a mixed batch of economic data reaffirmed expectations for prolonged federal stimulus. The Federal Reserve will coalesce in Washington for a two-day meeting to discuss quantitative easing, culminating in this year’s second last rate decision and monetary policy announcement Wednesday. Production volumes in US industries accelerated at

  • Stocks Trade Mixed Ahead of Data and Earnings

    Stocks in the US got off to a mixed start as the last week of October commenced with little fan fair. Market participants not only needs to absorb new earnings results from benchmark technology giants Apple and Facebook during the week, but a plethora of economic data will likely drive the direction of the broader

  • Strong earnings propel US stocks higher
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    Strong earnings propel US stocks higher

    October 26, 2013, 14:20 GMT

    US stocks ended the week on a high note as earnings continued to outpace expectations. In total, 16 companies listed on the Standard & Poor’s 500 reported earnings Friday. More than three-quarters of the index’s companies to report earnings this season have beaten estimates. The technology sector led the rally after Microsoft Corporation (NASDAQ:MSFT) and

  • Stocks Consolidate after Weak Confidence Data

    US stocks opened the session in the black but hovered near unchanged for most of the trading session. Toward the end of the day investors boosted the major indexes pushing the S&P 500 to a new all-time high. Economic data was mixed to negative with Durable goods showing a solid headline number but consumer sentiment

  • Stocks Surge despite Soft Labor Report
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    Stocks Surge despite Soft Labor Report

    October 23, 2013, 06:32 GMT

    Stocks in the US got off to a strong start on Tuesday despite a weaker than expected September jobs report which was shrugged off by investors. The S&P 500 index along with the Russell 2000 hit new all-time highs on Tuesday. Earning continued to impress with Netflix (NASDAQ:NFLX) , DuPont (NYSE:DD) and United Technologies (NYSE:UTX) all