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NEW YORK, United States (AFP) — The Dow and S&P 500 ended at fresh records Monday as a strong second-quarter earnings season continued to attract more funds to the United States equity market. The Dow Jones Industrial Average posted its ninth straight record, finishing at 22,118.42, a 0.1 percent increase over Friday’s close. The broad-based S&P 500 rose 0.2 percent to end at 2,480.91 also a new all-time high, while the Nasdaq Composite Index gained […]
Asian shares slid to their lowest levels since late 2011 on Monday (January 18) after weak U.S. economic data and massive falls in oil prices stoked further worries about a global economic downturn. Oil prices fell as much as four percent on Monday, with international benchmark Brent futures falling below $28 per barrel, touching their lowest level since 2003. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.0 percent in early trade, extending its […]
(Reuters) — The S&P 500 suffered its biggest daily percentage drop in nearly four years on Friday and the Dow confirmed it had entered into correction territory as fears of a China-led global slowdown rattled investors around the world. A report overnight showed China’s manufacturing sector shrank at the fastest pace since 2009, exacerbating worries about the health of its economy and whether the government would take further steps to stem its slowdown. The Russell […]
(Reuters) — U.S. stocks rallied on Tuesday (March 4), with the S&P 500 closing at a record as concerns about a confrontation between Russia and Ukraine eased, and the market recovered more than all of the previous session’s hefty losses. President Vladimir Putin delivered a robust defense of Russia’s actions in Crimea on Tuesday, saying he would use force in Ukraine only as a last resort. His comments relieved investors’ fears that East-West tension over the former Soviet republic could lead to war. The […]
