U.S. stocks turned higher on Friday, with energy leading gains as U.S. crude rose more than 3 percent and data had the cost of living falling by the most in half a dozen years and consumer sentiment coming in better than expected. Intel (INTC) turned lower after the maker of computer chips reported quarterly results; Read More
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Asian stock market appear set for a lower open on the final trading of the week, tracking U.S. losses overnight after disappointing bank earnings and amid oil’s continued price slump. Australia’s key S&P ASX 200 (^AXJO) index slipped 0.5 percent in early trade, while the Australian dollar inched down 0.1 percent to fetch $ 0.8205 Read More
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks fell in afternoon trading Thursday, putting them on track for a fifth day of losses, as bank results disappointed and investors fretted over the potential impact of global economic weakness on U.S. earnings. Oil prices <CLc1> settled down more than 4 percent after weak U.S. economic Read More
U.S. stocks declined for a fourth session on Wednesday as December retail sales failed to live up to expectations and investors worried about global economic growth. Stocks came off session lows as crude reversed higher and after the release of the Federal Reserve’s Beige Book, which had central bankers expressing hopes for better U.S. Read More
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks fell on Wednesday, on track for a fourth day of losses, as a World Bank forecast sparked concerns about weak economies and December U.S. retail sales missed expectations. The S&P 500 broke below its 120-day moving average, a technical support level, and came within about 4 Read More
U.S. stocks opened in sharp decline on Wednesday, continuing losses into a fourth day, as an intensifying thrashing of commodities and disappointing retail sales increased worry that the global economy is slowing. ” Although consumers are saving at the pump, it doesn’t look like they are spending it at the stores; retail sales are an Read More
By Wayne Cole SYDNEY (Reuters) – Concerns about the global economy battered commodities and kept Asian equities subdued on Wednesday, while the euro was pinned near nine-year lows as investors bet the European Central Bank was just a week away from launching a new stimulus campaign. Copper futures suddenly plunged 6.3 percent to $ 5,489 Read More
By Ryan Vlastelica NEW YORK (Reuters) – Stock markets around the world edged higher on Tuesday on investor hopes for economic stimulus from the European Central Bank, though Wall Street turned negative as crude oil continued to fall. Oil hit a near six-year low as the United Arab Emirates defended OPEC’s decision not to cut Read More
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks fell in afternoon trading on Tuesday, reversing earlier gains, led by a drop in materials and energy shares. The S&P 500 around midday broke below its 50-day moving average, triggering further selling. The major indexes had all been up more than 1 percent earlier. Shares of Read More
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rallied on Tuesday to bounce from a two-day decline as financial results from Alcoa helped ease some investor worry regarding the corporate earnings season. Alcoa Inc (AA.N) reported a higher-than-expected quarterly profit due to automotive demand, higher aluminum prices and lower energy costs. The stock opened Read More