Category: Investing
Bank of America rally fuels financials’ charge
Bank of America shares rallied more than 5% on Tuesday, helping financial stocks to close out the day as the best performing sector on the S&P 500. U.S. bank stocks also got a lift from strong European bank shares which propelled stock markets in London, Paris and Frankfurt higher. Read European stock market review Still, [...]
US Stocks Rally After Spanish Debt Auction, Improving Housing Data
U.S. stocks rallied as domestic home building jumped to the highest level in nearly two years and another successful Spanish debt auction buoyed investor sentiment. The Dow Jones Industrial Average gained 257 points, or 2%, to 12024, in morning trade. The blue-chip Dow dropped 100 points on Monday to close at the lowest level of [...]
Amazon profit forecast disappoints, stock slumps
Amazon.com Inc shocked investors with a far weaker-than-expected outlook for the crucial holiday season quarter as it spent heavily on its new Kindle Fire tablet computer. The stock tumbled 12 percent Tuesday in extended trading as the news raised concern that Amazon was losing some of the revenue momentum that had helped investors overlook its [...]
Airline stocks decline; business travel drops
The number of deep-pocketed business travelers flying internationally is declining as the euro-zone crisis pushes the fragile economy to the edge of recession, data from the International Air Transport Association showed Monday. “Forward-looking indicators for air travel, particularly travel on business, continue to point to a further slowdown in the months ahead,” the trade group [...]
Stocks rocket on Europe hopes
U.S. stocks rallied strongly Monday as investors cheered a pledge from European leaders to unveil a plan for solving the eurozone’s debt crisis by the end of the month. The optimism pushed the euro up nearly 2% against the dollar. Commodities also joined in the party, with oil and silver prices gaining 3%. Over the [...]
Stock sell-off intensifies on Manufacturing Reports
A stock sell-off gained momentum Monday afternoon as investors shrugged off a U.S. manufacturing report and focused on the worsening debt crisis in Europe. With less than three hours remaining in trading, the Dow Jones industrial average (INDU) tumbled183 points, or 1.7%. Alcoa (AA, Fortune 500) and Bank of America (BAC, Fortune 500) dragged on [...]
Stocks Lose Momentum As Concerns Over Greek Losses Appears
U.S. stocks erased early gains and European equities extended declines, while the euro trimmed its advance against the dollar, amid growing concern that leaders are divided over how to handle Greece’s debt crisis. The Standard & Poor’s 500 Index slipped 0.2 percent at 11:26 a.m. in New York after rallying as much as 0.8 percent [...]
Euro, Asian Stocks Fall on Debt Concern
The euro weakened against most of its major peers, Asian stocks dropped to a 15-month low, while U.S. futures and oil pared gains amid concern European policy makers will struggle to contain the region’s debt crisis. Europe’s shared currency fell 0.8 percent to 102.54 yen at 12:35 p.m. in Tokyo and slid 0.6 percent to [...]
Groupon uncertain about IPO timing
Daily deal website Groupon Inc is committed to launching an initial public offering but the exact timing remains uncertain, The Wall Street Journal reported on Sunday in its electronic edition. The timing remains unclear because regulators have been reviewing the company’s IPO documents more aggressively than was initially expected, the newspaper said, citing a person [...]
Stocks mostly advance on government bank plan
Markets worldwide are reacting positively to a plan proposed to buy stocks in banks troubled by the financial crisis. It would be interesting to see the long term effects of this government involvement in the private sector.
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