• 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

  • Strong earnings reports from Google (NASDAQ:GOOG) and General Electric (NYSE:GE) helped lift US stocks, which continued their upward momentum. Stocks were also supported after China’s economic growth accelerated at its fastest pace this year, according to quarterly GDP data from the National Bureau of Statistics. Google soared 13.8 percent to surpass $1,000 a share for

  • 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

  • Stock market » Weak Employment Data Weighs on Stocks
    October 3, 2013, 07:56 GMT

    Stocks in the US were on the defensive early on Wednesday, as the risk off trade trumped better than expected economic data. The large cap S&P 500 index closed near its highs despite trading on the defensive for most of the trading session. Although the shutdown of the US government did not seem to affect

  • US stocks ended their worst losing streak in nine months after jobless benefits unexpectedly dropped last week, overshadowing a budget stalemate that could result in a government shutdown next month. Fewer Americans are filing for jobless benefits these days, according to a weekly report from the Labor Department. Unemployment claims fell 5,000 last week, sending

  • Henryrooto Henryrooto
    Stock market » US stocks fall on lingering concerns
    Finances - September 24, 2013, 20:02 GMT

    US stocks posted a soft rally after US President Barrack Obama seemingly opened the door to future dialogue with the Islamic Republic of Iran, easing tensions over escalating violence in the Middle East. The rally was short-lived, however, as lingering concern over the budget ceiling debate and federal stimulus weighed on market participants. In a

  • US stocks opened the week on a high note as market participants shifted their attention from the economic calendar to the Federal Reserve. Former Treasury Secretary Lawrence Summers withdrew from consideration for Fed chairman just one day before the Federal Open Market Committee was scheduled to meet. Central bank officials will coalesce Tuesday to discuss

  • US stocks traded on the downside Thursday as investors anticipate next Tuesday’s Federal Open Market Committee policy meetings. The markets have been at the mercy of policy talks since Fed Chairman Ben Bernanke first hinted at an asset taper in May. Since that time the mostly bullish markets have reacted sharply to monetary policy expectations.

  • Stocks in the US got off to a positive note on the heels of Monday’s stronger than expected Chinese and EU PMI reports.  The positive data along a news that Verizon (NYSE:VM) and Vodafone (NASDAQ:VOD) agreed to a buyout deal on Vodafone’s share of Verizon Wireless, helped stocks gain ground on the open. Also announced

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