Stock Markets

US stocks rebound to start week

US stocks rebound to start weekNew York, May 22 - US stocks rebounded Monday after major indexes suffered their worst weekly losses in the previous week.

Investors were wary after leaders of eight industrial countries concluded their meeting over the weekend and only gave verbal backing for Greece to stay in the eurozone, reports Xinhua.

However, there were rumors that European policy makers would boost a pan-European bank deposit program, which was considered as a positive sign to protect depositors' interests.


US stocks mixed amid euro concerns

US stocks mixed amid euro concernsNew York, May 19 : US stocks traded mixed Friday amid euro concerns, with all eyes on Facebook Initial Public Offering (IPO).

Investors speculated that the Spanish government will boost short-sell ban, reports Xinhua. The country's bond yield rose sharply recently, suggesting a global concerns over the region.

Facebook, the world's largest online social network started trading at the Nasdaq Stock Market Friday at the price of $42.05 a share, up 10.6 percent from its IPO price of $38.

The company's market value will hit $104 billion, making the company the biggest-ever valuation by a US company at the time of its IPO.


Wall Street extends loss

Wall Street extends lossNew York, May 18 - Wall Street extended losses Thursday, with the Dow Jones industrial average suffering its 11th loss in last 12 trading sessions, amid intensified fears about European banking systems.

When the market closed, the Dow Jones industrial average fell 156.06 points, or 1.24 percent, to 12,442.49. The Standard & Poor's 500 was down 19.44 points, or 1.51 percent, to 1,304.86. The Nasdaq Composite Index lost 60.35 points, or 2.10 percent, to 2,813.69, Xinhua reported.


US stocks rally on housing data

US stocks rally on housing dataNew York, April 27 - US stocks extended rally Thursday as the housing data came in better than expected, offsetting a weak jobs report and some disappointing earnings.

The Dow Jones industrial average gained 113.90 points, or 0.87 percent, to 13,204.62. The Standard & Poor's 500 was up 9.29 points, or 0.67 percent, to 1,399.98. The Nasdaq Composite Index rose 20.98 points, or 0.69 percent, to
3,050.61, Xinhua reported.


Wall Street gains on Apple, Fed's economic outlook

Wall Street gains on Apple, Fed's economic outlookNew York, April 26 - The US Stocks gained broadly Wednesday thanks to strong Apple earning reports and the Federal Reserve's positive economic outlook.

The Dow Jones industrial average gained 89.16 points, or 0.69 percent, to 13,090.72. The Standard & Poor's 500 was up 18.72 points, or 1.36 percent, to 1,390.69. The Nasdaq Composite Index rallied 68.03 points, or 2.30 percent, to 3,029.63, Xinhua reported.

Apple, the largest company in the world by market share, reported late Tuesday its profit doubled in the quarter ending March 31 on the back of soaring sales of the iPhone, especially in China.


US stocks end mixed amid strong earnings

US stocks end mixed amid strong earningsNew York, April 25 : US stocks ended mixed Tuesday as investors weighed stronger-than-expected corporate earnings against lackluster economic data.

The Dow Jones industrial average gained 74.39 points, or 0.58 percent, to 13,001.56. The Standard & Poor's 500 was up 5.03 points, or 0.37 percent, to 1,371.97. The Nasdaq Composite Index slipped 8.85 points, or 0.30 percent, to
2,961.60, Xinhua reported.


US stocks slide on European concerns

US stocks slide on European concernsNew York, April 24 : US stocks slid Monday as concerns over European situations once again plagued the market.

The Dow Jones industrial average lost 102.09 points, or 0.78 percent, to 12,927.17. The Standard & Poor's 500 was down 11.59 points, or 0.84 percent, to 1,366.94. The Nasdaq Composite Index declined 30.00 points, or 1.00 percent, to 2,970.45, Xinhua reported.

The latest political development in Europe was the main reason for the sell-off in the market in the absence of key economic data.


US stocks lower amid weak economic data

US stocks lower amid weak economic dataNew York, April 20 - US stocks edged lower Thursday as the latest string of weak economic data overshadowed better-than-expected corporate earnings.

The US Labor Department said that the number of people applying for jobless benefits declined 2,000 to a seasonally adjusted 386,000, Xinhua reported.

Investors felt disappointed not only because the initial claims was much higher than analysts had expected but also because the slight improvement was the previous week's number revised higher than originally reported.


US stocks rebound on strong Alcoa earnings

US stocks rebound on strong Alcoa earningsNew York, April 12 - US stocks rebounded Wednesday, snapping a five-day losing streak, after aluminum producer Alcoa reported better-than-expected earnings.

The Dow Jones industrial average gained 89.46 points, or 0.70 percent, at 12,805.39. The Standard & Poor's 500 was up 10.12 points, or 0.74 percent, to 1,368.71. The Nasdaq Composite Index rose 25.24 points, or 0.84 percent, to
3,016.46, Xinhua reported.


US stocks continue downward trend

US stocks continue downward trendNew York, April 11 : US stocks continued the downward trend Tuesday as concerns over European debt problems resurfaced amid rising borrowing costs in Spain and Italy.

US stocks logged four consecutive losing sessions as job data in March was worse than expected, Xinhua reported.

Adding to the negative tone, yields on Spain's 10-year bonds hovered just under 6 percent, the highest level in more than three months, even as the government was pushing through much stricter austerity measures.

Meanwhile, the yields in Italy rose as well, reminding investors that the problems in Europe were far from over.


US stocks tumble after March jobs report

US stocks tumble after March jobs reportNew York, April 10 : US stocks tumbled Monday as investors came back from a weekend holiday and finally got a chance to react to Friday's jobs data, Xinhua reported.

The Labor Department announced Friday that non-farm payrolls rose by 120,000 in March, only as half as market previously expected.

The unemployment rate fell to 8.2 percent from 8.3 percent in the previous month, beating expectations of an unchanged reading and marking the lowest rate seen since January 2009.

However, many investors believed that the decline was not because the job market was getting better, but rather because more people gave up searching for jobs.


US stocks close mixed

US stocks close mixedNew York, March 31 - US stocks Friday closed mixed at the end of a strong first quarter, as investors weighed the latest development in the eurozone and conflicting US economic data.

The Dow Jones industrial average rose 66.22 points, or 0.50 percent, to 13,212.04. The Standard & Poor's 500 was up 5.19 points, or 0.37 percent, to 1,408.47. The Nasdaq Composite Index edged down 3.79 points, or 0.12 percent, to 3,091.57, Xinhua reported.

Eurozone finance ministers agreed Friday to expand their bailout funds to 700 billion euros (about $931.77 billion), prompting fresh hopes for a better solution to the current debt crisis in Europe.


US stocks trim losses amid Spain concern

US stocks trim losses amid Spain concernNew York, March 30 - US stocks trimmed early losses and ended the session mixed Thursday as investors weighed debt problems in Spain against positive domestic economic data.

The Dow Jones industrial average added 19.61 points, or 0.15 percent, at 13,145.82. The Standard & Poor's 500 dipped 2.26 points, or 0.16 percent, to 1,403.28. The Nasdaq Composite Index dropped 9.60 points, or 0.31 percent, to 3,095.36, Xinhua reported.

Major indexes were mired in the red for most time during the session as the situation in Spain reminded investors the crisis in Europe was far from over.


US stocks fall

US stocks fallNew York, March 29 - US stocks ended lower Wednesday as investors found little reason to push stocks a step higher amid a disappointing durable order report.

The Dow Jones industrial average fell 71.52, or 0.54 percent, at 13,126.21. The Standard & Poor's 500 was down 6.98 points, or 0. 49 percent, to 1,405.54. The Nasdaq Composite Index dropped 15.39 points, or 0.49 percent, to
3,104.96, Xinhua reported.

Optimism about the US economy began to wane after a latest string of disappointing data. Investors became more cautious especially after major indexes hovered around multi-year highs.


US stocks flat after Fed-fuelled rally

US stocks flat after Fed-fuelled rallyNew York, March 28 - US stocks traded flat Tuesday after major indexes jumped to 2012 highs in a central bank-fuelled rally.

In midday trading, the Dow Jones industrial average dipped 10. 67 points, or 0.08 percent, at 13,230.96. The Standard & Poor's 500 was down 0.84 points, or 0.06 percent, to 1,415.67. The Nasdaq Composite Index added 5.21 points, or 0.17 percent, to 3,127.78.

Market sentiment was buoyed after Federal Reserve Chairman Ben Bernanke said Monday that the central bank would bolster the economy if the recovery weakens, Xinhua reported.


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