• 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

  • 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

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    Stocks of the world’s largest economy dropped for the sixth time in seven days, with the Standard and Poor’s 500 experiencing its first weekly drop since August, as concern about the prospect of a federal government shutdown mounted. The debate concerning how to handle the budget ceiling will head into the weekend after the Senate

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    Despite a weak finish to the week, with the broad market sinking lower by half a percent, shares of Nike (NYSE:NKE) traded to yet another all time high on Friday. On Thursday the company reported a strong first quarter in which both revenues and earnings moved sharply to the upside. The Oregon based athletic company

  • 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

  • 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

  • Economic data from China has topped headlines this week, suggesting the world’s second largest economy gained traction in August. China’s trade balance widened to $28.6 billion US last month, led by robust export growth. Consumer inflation moderated to 2.6 percent for the year ending August 31 after reaching 2.7 percent in July. Wholesale inflation dropped

  • Stock market » Dow changes announced
    September 10, 2013, 17:13 GMT

    The Dow Jones Industrial Average changed shape on Tuesday morning when it was announced significant changes will be taking effect soon. Over the last two years we have seen no change within the index, however, the 30 stocks which comprise the index do change regularly. On September 20th, Alcoa (NYSE:AA) , which traditionally kicks off earnings

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