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NEW YORK, United States (AFP) — Wall Street stocks resumed their downward slide Thursday, while the pound dropped further amid a fight between Britain and the European Union on Brexit legislation. After an early advance that built on Wednesday’s winning session, US stocks stumbled, finishing solidly lower. The pullback came as a trimmed-down US relief package failed to pass the Republican-led Senate. The $500 billion package marked a dramatic reduction from the $3 trillion bill […]
NEW YORK, United States (AFP) — Wall Street stocks tumbled Monday at the start of a heavy week for earnings that began with disappointing reports from Caterpillar and others. The Dow Jones Industrial Average dropped 0.9 percent to close the session at 24,528.22. The broad-based S&P 500 shed 0.8 percent to end at 2,643.85, while the tech-rich Nasdaq Composite Index fell 1.1 percent to 7,085.68. Dow member Caterpillar, an industrial company seen as a proxy […]
NEW YORK, United States (AFP) — Wall Street stocks finished modestly higher Wednesday as a rally in petroleum-linked shares offset the hit from weak Chinese economic data. After a choppy session that began with deep losses, the Dow Jones Industrial Average finished the session with a 0.1 percent gain at 23,346.24. The broad-based S&P 500 also edged up 0.1 percent to 2,510.03, while the tech-rich Nasdaq Composite Index rose 0.5 percent to 6,665.94. Markets began […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday, rebounding from the previous day’s five percent drop as the yen’s rise took a breather. The benchmark Nikkei 225 index, which on Tuesday closed at a 20-month low on worries over the US economy, gained 1.45 percent or 277.75 points to 19,433.49 in early trade. The broader Topix index was up 1.37 percent or 19.39 points at 1,434.94. Despite the recent market rout, there has […]
NEW YORK (AFP) — Wall Street stocks were mixed early Monday as US markets sought to recover from last week’s rout amid worries over trade wars and slowing US growth. About 15 minutes into trading, the Dow Jones Industrial Average was down 0.2 percent at 24,331.19. The broad-based S&P 500 slipped 0.1 percent to 2,630.96, while the tech-rich Nasdaq Composite Index gained 0.5 percent to 7,002.90. Major US indices had fallen the most last week […]
NEW YORK, United States (AFP) — Wall Street stocks finished lower Monday amid worries the Turkish currency crisis will spread to other emerging economies. The Dow Jones Industrial Average shed 0.5 percent to close at 25,187.70. The broad-based S&P 500 fell 0.4 percent to 2,821.93, while the tech-rich Nasdaq Composite Index fell 0.3 percent to 7,819.71. The declines in the US came after other leading equity bourses in Asia and Europe also pulled back as […]
NEW YORK, United States (AFP) — US stocks rose following a more placid session in terms of national politics on Friday, while European equities were boosted by data showing modest eurozone inflation. US equities have been pressured this week amid talk of additional US tariffs and as President Donald Trump has shaken up his Cabinet, moving to replace Rex Tillerson as secretary of state with current CIA Director Mike Pompeo. White House watchers are girding […]
NEW YORK, United States (AFP) — Stock markets wavered on Wednesday on surprisingly strong American inflation data, but rallied to finish higher in both Europe and the US. European equity markets briefly tumbled into the red, as the US pricing data fueled expectations that borrowing costs might be ramped up more aggressively than previously thought. US stocks also sold off, opening lower, but soon moving into positive territory and finishing solidly higher. The S&P 500 gained 1.3 percent […]
TOKYO, Japan (AFP) — Tokyo stocks dropped more than three percent on Friday after European and US stocks suffered big drops as volatility continued to dog equity markets. The benchmark Nikkei index fell 3.19 percent, or 698.26 points, to 21,192.60 in early trade, while the broader Topix index was down 3.05 percent, or 53.88 points, at 1,711.81. “Investors are discouraged by a higher yen and plunges in European and US stocks,” Yoshihiro Ito, chief strategist […]
NEW YORK, United States (AFP) — Wall Street tumbled back into sell-off mode Thursday, with the Dow plunging more than 1,000 points as worries over interest rate hikes continued to drag the market down. The Dow Jones Industrial Average plummeted 4.2 percent to 23,860.46. The broad-based S&P 500 sank 3.8 percent to 2,581.00, while the tech-rich Nasdaq Composite Index plunged 3.9 percent to 6,777.16. With Thursday’s losses, the Dow and S&P 500 have now fallen […]
by John BIERS NEW YORK, United States (AFP) — Wall Street stocks pulled back from records and the dollar fell Thursday as anxiety over a possible US government shutdown weighed on investor sentiment. All three major US indices suffered declines, with the Dow dropping the most after ending above 26,000 for the first time on Wednesday. Analysts also cited lofty equity valuations and profit taking as factors in the dip. London slid on a rising […]
NEW YORK, United States (AFP) — Global stock markets retreated Friday, extending the previous session’s losses, as uncertainty over US President Donald Trump’s much-vaunted tax cuts and lackluster corporate earnings took their toll on investor confidence. At the close of the trading day in New York, the Dow Jones Industrial Average snapped an eight-week winning streak, closing 0.2 percent lower, while the broad S&P 500 and tech-dominated Nasdaq were essentially flat. Senate Republicans on Thursday released a […]
