• Stocks in the US started the trading session in the black buoyed by the Nikkei which closed up 1.1% and notch up a second consecutive gain above 16,000. The Nikkei was buoyed by a weak yen which is trading above 104 and poised to test the 106.70 monthly highs. UPS and FedEx where caught off

  • Constantinos Philippides

    Like to root for the underdog? One Forbes contributor has an unlikely recommendation instead of Facebook Inc (FB). Right now Facebook Inc (NASDAQ:FB) is all the rage on Wall Street, rising more than 3% today. Meanwhile, Intel Corporation (NASDAQ:INTC) , is now down less than 1%. The two companies have similar market capitalization of around $22

  • Stock market » 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

  • 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 in the US started off on the defensive as increasing inflation data in Japan eroded the Nikkei.  With Asian stocks moving lower, US futures prices declined without any economic data as an impetus to generate momentum. In Asia, Japan’s Nikkei Stock Average shed 3% amid a strengthening yen and mixed earnings results. The dollar

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