Shares of mining companies dropped Friday with the broader market as the price of oil and precious metals fell on growing concerns that rapid growth in China will slow.
The Dow Jones industrial average dropped nearly 100 points in early afternoon trading, led by sharp losses in energy and materials stocks.
Investors are worried that China might [...]
Posts Tagged ‘Dow Jones Industrial’
Mining company stocks fall amid China concerns
November 12th, 2010 by Financial Writer
Tags: Chinese economy, Dow Jones Industrial, exchange rates, inflation, precious metal, stock market
more...Markets Fall for a Second Day as the Dollar Improves
November 9th, 2010 by Financial Writer
Stocks were mostly lower on Tuesday for a second straight session as the dollar strengthened and oil prices declined in late trading, eroding earlier gains in the energy sector.
The Dow Jones industrial average fell 60.09 points, or 0.53 percent, to 11,346.75. The Standard & Poor’s 500-stock index declined 9.85 points, or 0.8 percent, to 1,213.40. [...]
Tags: commerce department, Dow Jones Industrial, economic indicators, economy recovery, Global Economy, loans, real estate investment, stock market
Economy shed 95,000 jobs in September
October 10th, 2010 by Financial Writer
A sharp falloff in local government payrolls, mostly at schools, added an ominous new weight to the depressed labor market last month as the American economy lost 95,000 jobs and the unemployment rate remained at 9.6 percent.
In the last monthly employment report before the Nov. 2 midterm elections, which many see as a referendum on [...]
Tags: Dow Jones Industrial, economic indicators, economists, economy activity, lower interest rates, unemployed americans, unemployment rate
AT A GLANCE: Fed Hints At Steps To Help Economy, Rates Unchanged
September 21st, 2010 by Financial Writer
THE NEWS: Members of the Federal Open Market Committee Tuesday kept key interest rates unchanged and deferred taking any new steps to boost the economic recovery, but it hinted it’s becoming uneasy about the outlook for the U.S. economy in 2011 and said it is prepared to provide additional accommodation as needed.
THE DETAILS: Fed officials [...]
Tags: Dow Jones Industrial, economic recovery, financial crisis, financial markets, interest rates, stock market, us economy
GLOBAL MARKETS-Dollar, stocks rise on China import data
September 10th, 2010 by Financial Writer
The U.S. dollar rose on Friday after strong import data from China bolstered rising optimism about global growth, while stocks edged higher, buoyed by the economic outlook and a 3 percent gain in oil prices.
Chinese imports jumped in August, helping lift equity markets and commodity prices while diminishing the safe-haven appeal of the Japanese yen [...]
Tags: Dow Jones Industrial, economic growth, economists, economy activity, financial markets, financial system, us economic, us economy
Stocks Rally as Jobs Data Spurs Optimism
September 3rd, 2010 by Financial Writer
Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
The S&P 500 gained 3.8 percent for the week, its best in eight, setting the stage for a more bullish mood when markets re-open Tuesday after the [...]
Tags: Dow Jones Industrial, economic estimates, economists, financial markets, financial system, Nasdaq composite, US Treasuries, wall street
Stocks drop on global economic worries
August 24th, 2010 by Financial Writer
NEW YORK — Stocks retreated Tuesday as worries continue to mount about the pace of a global recovery.
U.S. traders braced for another disappointing report on the housing market later in the day. Overseas markets tumbled.
The Dow Jones industrial average fell more than 100 points in morning trading. Broader indexes also fell more than 1 percent. [...]
Tags: Dow Jones Industrial, economic growth, global recovery, home sales, housing market, interest rates, mortgage rates, Nasdaq composite, stock market, unemployment rate
European stocks down, growth fears offset earnings
August 18th, 2010 by Financial Writer
European stock markets slipped Wednesday as stronger earnings from U.S. retailers Wal-Mart Stores Inc. and Home Depot Inc. failed to ease worries about slowing growth in China and elsewhere.
Investors also discounted a new round of deal making, after BHP Billiton’s hostile $38.5 billion all-cash takeover for Potash Corp. of Saskatchewan, which the Canadian company’s board [...]
Tags: Dow Jones Industrial, economic indicators, economy recovery, european economy, european stocks, financial markets, housing market, stock market, wall street
Stocks Shrug Off Earnings, Wait for Bernanke
July 21st, 2010 by Financial Writer
U.S. stocks wavered, as lagging health-care stocks competed with enthusiasm over second-quarter earnings from financials ahead of testimony from Federal Reserve Chairman Ben Bernanke.
Investors will be listening for any guidance Mr. Bernanke offers on the possibility of the economy slowing down in the second half and what further tools the Fed has at its disposal [...]
Tags: Dow Jones Industrial, economic growth, economy recovery, financial system, investment, money, Nasdaq composite, us, us economic, us stocks, wells fargo
US Stocks Climb Modestly, Boosted By Deals, Early Earnings Reports
July 19th, 2010 by Financial Writer
U.S. stocks bounced back modestly Monday, as investors drew confidence from weekend deals and early earnings reports ahead of a week packed with corporate results and stocks regained some of their equilibrium following Friday’s sharp decline.
Better-than-expected earnings from Delta Air Lines and Halliburton helped boost expectations for the week’s crop of earnings releases, which will [...]
Tags: Dow Jones Industrial, economy recovery, euro zone, european economy, european union, IMF, investors, money, Nasdaq composite, us stocks