financial shares

US stocks stay low for straight day


December 15th, 2011 - 9:02 am ICT by IANS
New York, Dec 15 (IANS) US stocks ended lower for the third straight day Wednesday amid euro zone concerns and data, Xinhua reported.On economic front, the US labor department said ... Read more...

Posted in Business |

Wall Street up on European hopes, bank rally


October 19th, 2011 - 5:56 am ICT by IANS
New York, Oct 19 (IANS) The US stocks ended sharply higher Tuesday amid strong performance in financial sector and news that European policymakers were planning a two-trillion-euro fund, Xinhua reported. The ... Read more...

Posted in Business |

Wall Street rises on China hope


September 13th, 2011 - 6:04 am ICT by IANS
New York, Sep 13 (IANS) The US stocks rose in the last hour Monday as investors were smoothed by Italy's turning to China for help, Xinhua reported.The market opened lower ... Read more...

Posted in Business |

Wall Street rises sharply


August 30th, 2011 - 4:54 am ICT by IANS
New York, Aug 30 (IANS) The Wall Street surged Monday as hurricane Irene was not as bad as previously estimated, with Dows jumping over 250 points and Nasdaq increasing over ... Read more...

Posted in Business |

Wall Street snaps three-day rally


August 17th, 2011 - 5:54 am ICT by IANS
New York, Aug 17 (IANS) Wall Street ended a choppy session in the red after three straight gains as comments from German and French leaders failed to ease market concerns ... Read more...

Posted in Business |

US stocks rise after choppy trading


August 13th, 2011 - 5:24 am ICT by IANS
New York, Aug 13 (IANS) US stocks rose Friday after choppy trading on a series of mixed economic data, enabling the investors a less anxious weekend, Xinhua reported.Despite the two-day ... Read more...

Posted in Business |

Wall Street cheers strong gains in first quarter


April 1st, 2011 - 6:41 am ICT by IANS
New York, April 1 (IANS) US stocks traded mixed in the last trading day of the first quarter, with blue chips achieving the best quarterly gains since 1998.Investors were concerned ... Read more...

Posted in Business |

US stocks surge on financials, energy, manufacturing data


February 17th, 2010 - 8:24 am ICT by IANS
New York, Feb 17 (DPA) US stocks rose strongly Tuesday amid some positive manufacturing data from New York and gains in financial shares and commodities. Bank of America led the financial gains after ... Read more...

Posted in Business |

US stocks edge lower on revised growth figures


November 25th, 2009 - 1:31 pm ICT by IANS
New York, Nov 25 (DPA) US stocks fell slightly on Tuesday as government figures showed that last quarter's economic rebound was smaller than initially thought. The Commerce Department in an updated estimate said ... Read more...

Posted in World |

Housing, finance lead US stocks lower


October 27th, 2009 - 5:50 am ICT by IANS
New York, Oct 27 (DPA) US stocks began the week with a selloff, fuelled by drop Monday in energy companies, home builders and financial shares. Crude-oil prices plunged more than two percent in ... Read more...

Posted in Business |

Dow closes above 10,000 points for first time in a year


October 15th, 2009 - 7:32 am ICT by IANS
New York, Oct 15 (DPA) The Dow Jones Industrial Average topped 10,000 points Wednesday, passing the symbolic mark for the first time since Oct 2008 as the world economy pulls out of ... Read more...

Posted in Business |

US stocks end week lower after five days of gains


September 12th, 2009 - 8:16 am ICT by IANS
New York, Sep 12 (DPA) US stocks edged lower Friday after five straight days of gains, signalling some lingering concerns about the economy among investors despite upbeat consumer confidence figures. An index by ... Read more...

Posted in Business |

US stocks surge before wave of company earnings


July 14th, 2009 - 5:18 am ICT by IANS
New York, July 14 (DPA) US stocks rose sharply Monday ahead of a series of quarterly earnings reports from major financial and company earnings. Financial shares drove the rally, led by Goldman Sachs ... Read more...

Posted in Business |

Financial shares push US stocks higher


July 10th, 2009 - 6:28 am ICT by IANS
New York, July 10 (DPA) US stocks edged up Thursday, led by financial shares, which were buoyed by a positive report on banking giant Goldman Sachs. Bank of America suggested buying Goldman Sachs ... Read more...

Posted in Business |

US stocks rise on housing optimism


June 3rd, 2009 - 5:51 am ICT by IANS
New York, June 3 (DPA) Major US stock indices posted gains Tuesday amid improving housing figures, but financial stocks fell amid some new share offerings by top Wall Street firms. Sales of ... Read more...

Posted in Business |

US stocks slide amid rising borrowing costs


May 28th, 2009 - 5:26 am ICT by IANS
New York, May 28 (DPA) US stocks fell sharply Wednesday amid a spike in long-term government bond prices, which could drive up the cost of borrowing in the wider US economy. The yield ... Read more...

Posted in Business |

US stocks mixed: Energy shares up, financials down


May 13th, 2009 - 6:18 am ICT by IANS
New York, May 13 (DPA) US stocks were mixed Tuesday, led higher by energy and pharmaceutical shares but weighed down by the financial and carmaking sectors. Crude oil hit $60 per barrel for ... Read more...

Posted in Business |

Wall Street continues spring rally


May 9th, 2009 - 5:35 am ICT by IANS
New York, May 9 (DPA) Winning listings outnumbered losers by nearly seven to one on Friday, led by financial shares after the government announced late Thursday that top US banks had overall ... Read more...

Posted in World |

Canadian currency makes record gains against dollar


April 16th, 2009 - 10:39 am ICT by IANS
Toronto, April 16 (IANS) The Canadian dollar reached its highest level against the greenback in four months Wednesday, touching 83.24 cents US as markets continued their rally. The energy-rich Canadian markets have gained ... Read more...

Posted in Business |

US stocks end positive on strong week


April 4th, 2009 - 8:19 am ICT by IANS
New York, April 4 (DPA) US stocks made gains Friday at the close of a strong week for global markets, buoyed by some positive economic news and a comprehensive deal by world ... Read more...

Posted in Business |

Canadian markets post 20 percent gains after record low


March 27th, 2009 - 10:31 am ICT by IANS
Toronto, March 27 (IANS) Financial and energy shares propelled Canadian markets to cross the important 9,000-mark for the first time in two months. After sinking to the lowest level since 2004 early ... Read more...

Posted in Business |

US stocks slide as investors pull back


March 21st, 2009 - 7:36 am ICT by IANS
Washington, March 21 (DPA) US stocks seesawed through most of Friday, with markets closing at their lowest in two weeks after analysts slashed earnings estimates for General Electric Co.While GE dropped 5.8 ... Read more...

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Canadian markets up 13 percent as rally continues


March 18th, 2009 - 9:33 am ICT by IANS
Toronto, March 18 (IANS) Canadian markets continued their rally on the sixth consecutive day Tuesday, with rising oil pricing and financial shares boosting investor confidence. On the world energy leader Toronto Stock Exchange, ... Read more...

Posted in Business |

Canadian market rally continues for fifth day


March 17th, 2009 - 11:31 am ICT by IANS
Toronto, March 17 (IANS) Continuing their gains from last week, Canadian markets extended their rally Monday, with the financial sector edging higher. The Toronto Stock Exchange (TSX) composite index rose quickly as trading ... Read more...

Posted in Business |

Big gains for Canadian markets


March 13th, 2009 - 10:28 am ICT by IANS
Toronto, March 13 (IANS) With oil prices staying firm above $45 and financial shares rising, the Canadian markets maintained positive gains of the past three sessions Thursday. The composite index on the Toronto ... Read more...

Posted in Business |

US stocks tumble on GM fate, financial woes


March 6th, 2009 - 6:42 am ICT by IANS
New York, March 6 (Xinhua) US stocks tumbled with all major indexes losing more than fourpercent Thursday as market speculated that General Motors may face bankruptcy and financial shares sank on downgrading ... Read more...

Posted in Uncategorized |

Canada cuts interest rate to historic low, but markets slip


March 4th, 2009 - 12:48 pm ICT by IANS
Toronto, March 4 (IANS) Canada markets, which hit the lowest levels since 2003 Monday, suffered more losses Tuesday as the nation's central bank cut down interest rates to a historic low of ... Read more...

Posted in World |

US stocks fall further on Bernanke testimony


March 4th, 2009 - 5:55 am ICT by IANS
New York, March 4 (DPA) US stocks Tuesday continued falling to their lowest levels in more than a decade after government officials said more money would be required before the US financial ... Read more...

Posted in World |

AIG losses sink Canadian markets to lowest levels


March 3rd, 2009 - 10:00 am ICT by IANS
Toronto, March 3 (IANS) The record-breaking $61.7 billion quarterly loss reported by the failed American International Group (AIG) Monday sent Canadian markets to their lowest level in five years. The Toronto Stock Exchange ... Read more...

Posted in Uncategorized |

US stocks rally most in a month after Bernanke’s testimony (Lead)


February 25th, 2009 - 11:14 am ICT by IANS
New York, Feb 25 (DPA) US stocks made their strongest gains in a month Tuesday after Federal Reserve Chairman Ben Bernanke said that government action could pull the US economy out of ... Read more...

Posted in World |

US stocks make gains on hope of stimulus package


February 7th, 2009 - 8:23 am ICT by IANS
New York, Feb 7 (DPA) Wall Street stocks rose sharply Friday amid hopes that an economic stimulus package topping $800 billion would soon be passed by the Senate, overshadowing the worst monthly ... Read more...

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US stocks rally on historic Fed rate cut


December 17th, 2008 - 5:52 am ICT by IANS
New York, Dec 17 (DPA) US stocks rallied Tuesday after the Federal Reserve cut interest rates to a historic low and promised to use "all available tools" to stabilise the financial system.The ... Read more...

Posted in Business |

US markets rebound after record plunge


December 3rd, 2008 - 7:08 am ICT by IANS
Washington, Dec 3 (DPA) US markets rallied Tuesday, recovering from the deepest plunge in a month Monday that had erased about half of last week's rally amid fears of a widening economic ... Read more...

Posted in World |

US stocks edge higher on energy share jump


August 22nd, 2008 - 11:14 am ICT by IANS
Washington, Aug 22 (DPA) US stocks rose slightly Thursday on the back of energy company gains, as financial shares continued their steady fall on the week.Chevron Corp and Exxon Mobil Corp led ... Read more...

Posted in Uncategorized |

Wall Street up as oil price spike spurs energy shares


July 31st, 2008 - 7:47 am ICT by IANS
DPA New York, July 31 (DPA) Major US stock indices rose Wednesday after a surge in oil prices led energy companies to their largest gains in six years, while the Federal Reserve said ... Read more...

Posted in World |

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