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  • Stocks on the American exchanges declined after national GDP grew faster than expected, fueling speculation about when the Federal Reserve would begin scaling back record stimulus. The US economy grew at an annualized rate of 2.8 percent last quarter, exceeding most economists’ expectations. A closer look at the GDP data show consumer spending and business

  • Stocks in the US started the session on the defensive as market participants bought the rumor of a deal and sold the fact. On Thursday, the Senate pushed through a bill that would allow the government to reopen and averted a default by the US treasury by raising the debt ceiling. Earnings continued to flow

  • Stock market » Goldman Shares Slide on Q3 Results
    October 18, 2013, 08:17 GMT

    Shares of Goldman Sachs (NYSE:GS) traded sharply to the downside on Thursday morning following a sluggish third quarter earnings report. The infamous investment bank posted $1.52 billion in net income, or $2.88 a share, compared to $1.51 billion, or $2.85, in the third quarter last year. Goldman’s results beat the $2.43-per-share earnings expected by analysts

  • Investors were generally not surprised that government officials were unable to come to an agreement over the weekend, given the brinkmanship and failure of the House and Administration during Friday’s trading session. The parties are still apart and many believe that their decision to avoid a default will come down to the eleventh hour. Since

  • Stock market » US stocks rally on Yellen nomination
    October 10, 2013, 08:29 GMT

    US stocks rallied after posting their biggest two-day loss since June following the nomination of Janet Yellen as the next Chair of the Federal Reserve. The markets are optimistic the dovish Yellen won’t rush to unwind record stimulus once she assumes the leadership role in February 2014. The US government remains in partial shutdown mode

  • Stocks on the American exchange posted a strong rally as investors made the most out of a looming government shutdown. Market participants looking to buy low and sell high may have found their opportunity, as the stalemate over government spending threatens to partially shut-down the government for the first time in 17 years. On Tuesday

  • Stocks started the trading session off on a mixed note with the Nasdaq continuing to outperform the S&P 500 index and the Dow Industrial Average.  Three news stocks were added to the Dow Industrials on Monday, replacing some old standbys.  As of September 23, Goldman Sachs (NYSE:GS) , Visa (NYSE:V) and Nike (NYSE:NKE) will join the

  • Technology » September Analysts Upgrade Facebook
    September 25, 2013, 19:39 GMT

    Since Facebook’s (NASDAQ:FB) highly anticipated initial public offering just a few years ago, shares have been subject to huge price swings. After initially trading above $40 per share at offering, shares of the social media giant plummeted by more than 50 percent to below $20 per share. At the moment it didn’t appear things were

  • Henryrooto Henryrooto

    US stocks retreated for a third consecutive day as investors shifted their attention to speeches from regional Fed Bank presidents. The exuberance that followed last week’s FOMC policy meetings soon faded as market participants coped with the inevitable fact the rate of bond purchases would likely be trimmed sometime this year. Federal Reserve Chairman Ben

  • Henryrooto Henryrooto

    Stocks in the US consolidated at the open as investors continue to search for an impetuous to drive market direction. The end of the month will continue to be choppy until September economic data is released at the beginning of October. Stocks ended the session mixed with the Dow and S&P 500 lower and the

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