By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks lost ground in early trade on Wednesday, in the wake of a two-day rally for the S&P 500, as oil prices declined and labor market data disappointed. The ADP National Employment Report showed private employers added 213,000 jobs in January, falling short of the median forecasts Read More
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By Wayne Cole SYDNEY (Reuters) – Asian share markets followed Wall Street higher on Wednesday as revived risk sentiment dented the U.S. dollar and sovereign bonds, though it was far from clear how long the sudden mood swing would last. Much might depend on whether oil can sustain its recent rally, thus helping to underpin Read More
By Wayne Cole SYDNEY (Reuters) – Oil prices were holding hefty gains in Asia on Wednesday having rallied 19 percent in just four sessions, while the U.S. dollar nursed big losses as a revival in risk appetite swept through crowded trading positions. A jump in global commodity prices also helped ease deflationary fears, boosting equities Read More
NEW YORK (Reuters) – U.S. stocks rose more than 1 percent on Tuesday, led by gains in energy shares as oil prices extended their recent rally, while higher-than-expected January car sales also bolstered the advance. The Dow Jones industrial average (.DJI) rose 304.98 points, or 1.76 percent, to 17,666.02, the S&P 500 (.SPX) gained 29.09 Read More
Volatility is the name of the game and stocks are starting February on a high note after an unsettling January. For the first month of the year, the Dow (^DJI) was down 3.7% and the S&P 500 (^GSPC) fell 3.1%. The Nasdaq (^IXIC) shed 2.1%. January is known for setting the tone for the rest Read More
By Ryan Vlastelica NEW YORK (Reuters) – Stock markets around the world rallied on Tuesday while the U.S. dollar fell after the new Greek government dropped calls for a write-down of its foreign debt, easing concerns about growing instability in the euro zone. The government, led by the left-wing Syriza party that won elections just Read More
By Ryan Vlastelica NEW YORK (Reuters) – Stock markets around the world rallied on Tuesday while the U.S. dollar fell after the new Greek government dropped calls for a write-down of its foreign debt, easing concerns about growing instability in the euro zone. The government, led by the left-wing Syriza party that won elections just Read More
(Reuters) – U.S. stocks opened higher on Tuesday, with the benchmark S&P 500 index set to continue a rally fueled by hopes of a deal on Greek debt and by firmer oil prices. The Dow Jones industrial average <.DJI> rose 48.1 points, or 0.28 percent, to 17,409.14, the S&P 500 <.SPX> gained 4.53 points, or Read More
Stocks ended sharply higher on Monday after a late rally driven by hopes for a Greek debt deal and as energy shares bounced with oil prices. Greece’s new government has proposed ending a standoff with its international creditors by swapping its outstanding debt for new growth-linked bonds, Finance Minister Yanis Varoufakis was quoted as saying Read More
By Chuck Mikolajczak NEW YORK (Reuters) – Global equity markets were modestly higher in mixed trade on Monday as disappointing data held U.S. stocks in check, while a rebound in oil prices lent some support. U.S. economic data showed consumer spending fell and construction spending rose less than expected in December, while an industry report Read More