NEW YORK—U.S. stocks tumbled after the opening bell, hit by heightened concerns over Europe as violence erupted in Greece and a possible downgrade loomed over Portugal’s debt.
The Dow Jones Industrial Average slid 86 points, or 0.8%, to 10840, in early trading, extending Tuesday’s 225-point drop. The Nasdaq Composite fell 1.3% and Standard & Poor’s 500-stock [...]
Posts Tagged ‘investors’
Stock Start Weak on Euro-Zone Worries
May 5th, 2010 by Financial Writer
Tags: banks, Dow Jones Industrial, economy, investors, stock market, unemployment rate, us economy, us stocks, wall street
more...As China tries to rein in economy, stock exchange stumbles
May 4th, 2010 by Financial Writer
The Shanghai composite index slides 1.2% on news that the central bank will – again — hike the amount of capital banks are required to hold in reserve.
Reporting from Beijing
China’s leading stock exchange continued its long slide Tuesday, tumbling to its lowest close in seven months after the central government introduced another measure over the [...]
Tags: banks, central bank, China, economic recovery, economy, financial, Global Economy, interest rates, investors, money, stock market
FOREX-Euro gains on hopes of Greek aid package
April 29th, 2010 by Financial Writer
* Euro recovers, supported by optimism on Greek aid package
* Solid euro zone data helps; Greek bond spreads narrow
* U.S. weekly jobless claims fall in latest week
The euro rose on Thursday, rebounding from a one-year low the previous day, on hopes a bailout plan for Greece was imminent and would help it avoid a debt [...]
Tags: banks, Capital economics, economy, european union, Federal Reserve, financial, financial markets, interest rates, investors, monetary, us economy
Barrick Profit Tops Estimate on Higher Gold Price
April 28th, 2010 by Financial Writer
Barrick Gold Corp., the world’s largest bullion producer, reported first-quarter profit that beat analysts’ estimates as prices and sales of the precious metal climbed.
Net income more than doubled to $758 million, or 76 cents a share, from $371 million, or 42 cents, a year earlier, Toronto- based Barrick said today in a statement. Profit excluding [...]
Tags: business, economy, financial, financial markets, financial system, Global Economy, gold price, investors
CIT Group Gains After Reorganized Lender Posts Surprise Profit
April 27th, 2010 by Financial Writer
CIT Group Inc., the commercial lender run by John A. Thain, rose in New York trading after posting a surprise profit for its first full quarter since emerging from bankruptcy.
CIT gained 79 cents, or 1.9 percent, to $41.49, as of 10:28 a.m. in New York Stock Exchange composite trading and sold for as much as [...]
Tags: economy, financial, financial markets, financial system, Global Economy, interest rates, investors, lender, us economy
OIL FUTURES: Oil Weakens Post-Rally, Traders Eye Fed Meeting
April 26th, 2010 by Financial Writer
Crude oil futures declined Monday morning, losing ground as traders feared last week’s strong economic data that pushed oil above $85 a barrel may also push the Federal Reserve closer toward eventually raising interest rates.
Light, sweet crude for June delivery declined 56 cents to $84.56 a barrel on the New York Mercantile Exchange. Brent crude [...]
Tags: business, economy, Federal Reserve, financial, financial markets, Global Economy, Global Recession, investors, oil prices
European Stocks Fall on Budget Deficit; Nokia Drops, RBS Gains
April 24th, 2010 by Financial Writer
April 24 (Bloomberg) — European stocks fell for a second week as the euro area’s budget deficit widened to more than double the European Union’s 3 percent limit in 2009, led by Greece and Ireland, offsetting better-than-expected results from companies including Ericsson AB and Volvo AB.
Greek banks sank as Moody’s Investors Service cut Greece’s sovereign [...]
Tags: dow jones, euro, european economy, european markets, european stocks, european union, financial, financial markets, Global Economy, IMF, investors
Gold May Decline in New York as Greek Aid Might Erode Demand
April 23rd, 2010 by Financial Writer
April 23 (Bloomberg) — Gold futures may fall in New York on speculation that Greece’s request for funding aid will curb demand from investors seeking an alternative to debt.
Greece asked for as much as 45 billion euros ($60 billion) in loans from the European Union and International Monetary Fund to help the government stave off [...]
Tags: Debt, economic recovery, economy, european union, Global Economy, investors, new york, us economy, USA
European Stocks Retreat as Greek Credit-Default Swaps Surge
April 21st, 2010 by Financial Writer
European stocks declined for the third time in four days, led by Greek, Spanish and Portuguese shares, as the cost of insuring against Greece defaulting on its debt surged to a record.
Alpha Bank SA, Greece’s third-largest lender, Banco Santander SA and Banco Espirito Santo SA all dropped more than 2 percent as credit-default swaps on [...]
Tags: banks, european economy, european markets, european stocks, financial, fiscal crisis, investors, stock market
German investor confidence rises strongly
April 20th, 2010 by Financial Writer
BERLIN — German investor confidence rose strongly this month as healthy industrial orders and exports buoyed sentiment, a closely watched survey showed Tuesday.
The ZEW institute’s index, which measures investors’ outlook for the next six months, rose to 53 points in April from 44.5 in March. That was well above economists’ forecasts of a slight increase [...]
Tags: Debt, economic recovery, financial crisis, financial markets, germany, Global Economy, investors, money