• Stocks on the American exchanges rebounded, sending the Standard & Poor’s 500 Index to a fresh new high. The benchmark index was buoyed by Macy’s (NYSE:M) , which posted better-than-expected corporate earnings. The department store retailer’s earnings per share jumped 31 percent from a year ago to 47 cents, exceeding estimates by 8 cents. Revenues rose

  • Stock market » US stocks fluctuate ahead of GDP
    November 6, 2013, 07:41 GMT

    Stocks on the American exchanges fluctuated before closing to the down side, as market participants look ahead to high profile data releases later in the week. Government economists will release official GDP estimates Thursday, followed by nonfarm payrolls Friday. Gross domestic product and employment are the most closely followed growth indicators. GDP—the value of all

  • 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 on the American exchange snapped a five day rally after earnings forecasts were revised for large US-based enterprises. Caterpillar (NYSE:CAT) fell more than 6 percent after the heavy equipment maker posted lower than forecasted quarterly profits, prompting another revision of the company’s full-year forecast. The company cited a prolonged demand drag from the mining

  • Stocks in the US started the trading session on a strong note, but the Dow Industrials continue to be weighed down by IBM (NYSE:IBM) and Microsoft (NASDAQ:MSFT) . The Nasdaq received a boost out of the gates after Google (NASDAQ:GOOG) notched up strong earnings pushing the search giant above $1,000 per share for the first time

  • The Standard & Poor’s 500 set a new record high one day after bipartisan Senate leaders reached an accord to end the budget impasse and raise the debt ceiling. Speculation is growing the Federal Reserve will maintain the pace of its monthly asset purchases after the 16-day impasse resulted in the loss of $24 billion

  • Stocks on the American exchange continued their upward momentum, as Senate Democrats and Republicans inched closer to a resolution that would end the government shutdown and avoid breaching the debt limit. Both sides expressed a great deal of optimism in reaching a deal before the October 17 deadline, when the United States government will have

  • Stocks on the American exchange surged after their worst two-day performance in several months earlier in the week, as lawmakers mobilized to end the first partial government shutdown in 17 years. Signs emerged lawmakers could end the budget impasse and avoid a devastating default one day after House Republicans sent a small delegation of negotiators

  • Stocks on the American exchange fell for a second straight day as lawmakers remained deadlocked over the budget ceiling. The partial government shutdown is well into its second week, as party-line politics continue to dominate the debate. Democrats and Republicans pointed the finger at one another, with each side saying the other party must act

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