Stocks gained Thursday, building on the previous session’s advance, as investors looked past some weaker-than-expected economic news and focused on recovery hopes.
The Dow Jones industrial average (INDU) gained 46 points, or 0.4%. The S&P 500 index (SPX) rose 5 points, or 0.5% and the Nasdaq composite (COMP) gained 13 points or 0.6%.
On Wednesday, stocks bounced [...]
Posts Tagged ‘financial markets’
Stocks extend a run
June 3rd, 2010 by Financial Writer
Tags: businesses, Dow Jones Industrial, economic, economists, european economy, financial markets, Global Economy, Nasdaq composite, stock bounce, stock market, unemployment
more...Gold slips below $1,220 but investment supports
June 2nd, 2010 by Financial Writer
Gold slipped below $1,220 an ounce in Europe on Wednesday as investors cashed in some of the previous session’s gains, but investment demand for the metal as a haven from risk is expected to continue to underpin prices.
The dollar strengthened and equity markets slipped as persistent fears the euro zone’s debt crisis could hamper the [...]
Tags: business, debt crisis, economic recovery, euro zone, european economy, european union, financial markets, Global Economy, IMF, investors, us economy
G20 to endorse EU crisis strategy
May 29th, 2010 by Financial Writer
Finance chiefs of the world’s leading economies, meeting next week, are likely to deliver a strong endorsement of Europe’s efforts to resolve its debt crisis but announce no fresh policies to help it do so.
After several months in which Washington, Beijing and other governments pressed Europe to act more decisively in tackling the crisis, global [...]
Tags: debt crisis, european economy, european union, Federal Reserve, financial, financial markets, g20, Global Economy, global recovery, IMF, us treasury
Personal Spending Report Tempers U.S. Indexes
May 28th, 2010 by Financial Writer
American indexes opened lower on Friday, the last day of the month and the last before a three-day weekend.
In the United States, a mixed report on consumer spending and personal income tempered the open.
The Commerce Department reported that consumer spending was unchanged in April while personal incomes rose 0.4 percent. Both numbers were less than [...]
Tags: businesses, consumers, Dow Jones Industrial, economic recovery, euro zone, european stocks, financial markets, Global Economy, investors, stock market, U.S. markets, us economic, wall street
PRECIOUS METALS: Platinum, Palladium Plummet On Risk Aversion
May 20th, 2010 by Financial Writer
Platinum and palladium Thursday hit their lowest levels since February as investors continued exiting positions in all precious metals to avoid risk on concerns European debt issues will hurt economic growth.
One analyst said platinum and palladium fell hardest since the share of investment demand in them became greater than other commodities, making them more vulnerable [...]
Tags: economic recovery, economy, european economy, european union, financial, financial markets, Global Economy, investors, recession, us economy, us stocks
Producer Costs in U.S. Unexpectedly Dropped in April
May 18th, 2010 by Financial Writer
Wholesale prices in the U.S. unexpectedly dropped in April, the second decrease in three months, signaling the global recovery from the worst recession in the post-World War II era has yet to stoke inflation.
The 0.1 percent decline in prices paid to factories, farmers and other producers followed a 0.7 percent increase in March, the Labor [...]
Tags: Debt, Dow Jones Industrial, economy, Federal Reserve, financial, financial crisis, financial markets, Global Economy, global recovery, interest rates
Euro touches four-year low against dollar
May 17th, 2010 by Financial Writer
The euro has pulled back from a four-year low against the dollar, although fears over the strength of the eurozone economy remain.
The euro fell to $1.2237 in early trade on Monday, but then recovered to trade at $1.2377.
Traders fear that the austerity measures being put in place in many eurozone countries will hit growth.
Elsewhere on [...]
Tags: business, economic recovery, euro zone, european economy, european union, financial, financial crisis, financial markets, financial system, Global Economy, IMF, interest rates, us economy
Euro crisis: only root-and-branch financial reform can tame the wolf pack
May 15th, 2010 by Financial Writer
Dan Roberts argues that it may be satisfying to turn fire back on the financiers – but indebted countries have never needed them more.
In times of crisis, the complex world of international finance clings to a very old-fashioned store of wealth for reassurance: gold.
The price of this precious metal shot up during the great banking [...]
Tags: banks, economic recovery, euro zone, european central bank, financial, financial markets, financial reform, Global Financial, IMF, investors, recovery economy, stock market
Bank Stocks Show Little Reaction To Added Probes
May 13th, 2010 by Financial Writer
The financial sector largely shrugged off reports of new federal investigations into banks’ roles in mortgage-bond deals, with shares slightly lower as additional investigations largely were expected.
Federal prosecutors, working with securities regulators, are conducting a preliminary criminal probe into whether several major Wall Street banks misled investors about their roles in mortgage-bond deals, a person [...]
Tags: banks, business, financial, financial markets, investors, mortgage, mortgage market, stock market, us economy, us stocks, wall street
Gold Prices Extend Climb
May 12th, 2010 by Financial Writer
NEW YORK—Gold futures remained in record territory as a safe haven and currency hedge amid worries on the long-term efficacy of the euro-zone bailout package.
Most actively traded gold, for June delivery, in recent activity was up $16.10, or 1.3%, at $1,236.40 an ounce on the Comex division of the New York Mercantile Exchange. In electronic [...]
Tags: banks, euro zone, european central bank, european union, financial, financial markets, financial system, Global Economy, IMF, interest rates, investors, stock market, us economy