New York, Oct 29 : US stock markets will be closed Monday in response to Hurricane Sandy, according to the latest statements from New York Stock Exchange (NYSE) and Nasdaq Sunday.
Earlier in the day, NYSE Euronext, NYSE's parent company, announced that electronic trading would remain open and that only the exchange's trading floor would close, reported Xinhua.
New York, Aug 16 - For the fourth year in a row, NASDAQ, world's second-largest stock exchange in the heart of Times Square, donned the colours of the Indian flag to celebrate India's 66th Independence Day.
As Indian Consul General Prabhu Dayal rang the opening bell at 9.30 a. m. Wednesday, the exchange's billboard flashed the Indian tri-colour accompanied by the words "Nasdaq celebrates India's Independence Day". Other billboards across Times Square too displayed images of the tricolour.
Washington, Aug. 15 : President Barack Obama has 60 percent chances of getting re-elected in November's US presidential election because of rebounding share prices, according to fund management giant Fidelity, but other big investors are not so sure.
Trevor Greetham, asset allocation director at Fidelity, has cited a research by Intrade, a prediction market, recognizing economic events could yet favour Republican presidential contender Mitt Romney.
London, Aug 10 : Manchester United has been forced to reduce the value of its impending share flotation at the New York Stock Exchange (NYSE).
The soccer club said it would sell shares at 14 dollars each, below the 16-20 dollar range that it had announced earlier, which suggests that it could not find buyers at those higher prices.
According to the BBC, billionaire US sports investors, the Glazer family, who have controlled businesses at United since 2005, are selling shares representing 10 percent of the club, and are now expecting to raise 233 million dollars, below the 333 million dollars they had hoped for earlier.
New York, July 10 - US stocks opened lower Monday as disappointing Asian data raised more economic concerns, Xinhua reported.
On economic front, Japan's core machinery orders dropped worse-than-expected 14.8 percent in May.
Meanwhile, June's inflation in China hit its 29-month low of 2.2 percent.
Monday is also the beginning of a new round of earning reports. Aluminum maker Alcoa was expected release its quarterly earnings after the closing bell Monday.
European situation still drove market sentiments. Yields of both Spain and Italy's bond surged recently, showing strong worries about this region.
New York, July 6 : US stocks wobbled around the breakeven line Thursday, as rate cuts in both China and Europe failed to ignite the market.
The European Central Bank cut its deposit rate to 0 percent from 0.25 percent, the lowest in history, Xinhua reported.
The People's Bank of China cut its interest rates, lowering the benchmark lending rate by 31 basis points and the benchmark deposit rate by 25 basis points.
Meanwhile, the Bank of England launched another round of quantitative easing, adding 50 billion euros to its asset purchase programme.
These steps gave world markets a boost at the beginning, but soon waned amid concerns about the global economy.
New York, July 4 - US stocks traded higher in a holiday-shortened session Tuesday, as the latest weak data added to speculations that the central bank may take more steps to bolster the economy, reports Xinhua.
Monday's disappointing manufacturing data for June fuelled market expectations for more monetary easing from the US Federal Reserve.
A separate report from the US Commerce Department showed Tuesday that new orders for manufactured goods rose 0.7 percent in May, better than economists' forecast.
New York, July 3 - US stocks ended mixed Monday as the latest weak manufacturing data added to hopes that the Federal Reserve could launch more stimulus policies to bolster the economy, Xinhua reported.
When the market closed, the Dow Jones industrial average dipped 8.70 points, or 0.07 percent, to 12,871.39.
The Standard & Poor's 500 was up 3.35 points, or 0.25 percent, to 1,365.51. The Nasdaq Composite Index gained 16.18 points, or 0.55 percent, to 2,951.23.
Major indexes started the day on strong note as investors still cheered the progress in Europe on tackling the region's debt problems.
During last week's summit, leaders of European countries agreed on a batch of positive steps to deal with the debt crisis.
New York, June 23 - US stocks closed higher Friday after a huge sell-off in the previous session, boosted by the financial sector despite multiple credit ratings downgrades by Moody's.
Ratings agency Moody's Thursday downgraded 15 financial institutions, including several large US banks. However, the market had fully anticipated the move.
The financial stocks Friday rallied strongly by more than 1 percent, as investors ignored the downgrade actions, reports Xinhua.
New York, June 21 - US stocks ended mixed Wednesday on the Federal Reserve's modest monetary policy.
The Fed said Wednesday that it will continue Operation Twist through the end of the year. Under the programme, the central bank will swap short term government debt with long term bonds, in an effort to push down the long term interest rate, reports Xinhua.
The action taken by the Fed was considered as modest, as many investors expected a new round of quantitative easing plan, such as assets-purchasing programmes.
New York, June 20 - US stocks closed higher Tuesday as investors' expectations of further monetary easing policy by the Federal Reserve boosted the market, while positive news from Europe also provided support.
The Dow Jones industrial average gained 95.51 points, or 0.75 percent, at 12,837.33. The Standard & Poor's 500 was up 13.20 points, or 0.98 percent, to 1,357.98. The Nasdaq Composite Index rose 34.43 points, or 1.19 percent, to
2,929.76, reports Xinhua.
Washington, June 8 : Rival stock exchange firms have slammed Nasdaq's 40 million dollar plan to compensate investors affected by Facebook''s botched initial public offering, saying American regulators are unlikely to approve it.
Nasdaq recently proposed to earmark 40 million dollars to make up losses driven by its technical glitches during Facebook stock offering, with about 27 million dollars of that coming through discounted transaction fees targeted at firms that were hit by the event.
Washington, June 7 : The Nasdaq stock exchange has said that it will offer cash and rebates totalling 40 million dollars to compensate clients affected by the technical glitch during Facebook's Initial Public Offering.
Nasdaq said that it had agreed to pay 13.7 million dollars to its affected member firms and the balance would be credited to members to reduce trading costs, with all benefits expected to be awarded within six months.
Washington, June 6 : The Nasdaq stock exchange has reportedly planned to give compensation to shareholders who invested in the disastrous Facebook's botched Initial Public Offering (IPO).
A Wall Street Journal report said that the filing with the Securities and Exchange Commission on Wednesday will come as the Nasdaq reveals further details on how it will reimburse some of the reported 100 million dollars losses sustained by banks and trading firms.
Facebook''s over-hyped IPO on May 18 was delayed by about 30 minutes due problems with Nasdaq''s exchange systems.
New York, June 6 - US stocks gained Tuesday, with the Dow Jones industrial average snapping a four-day losing streak, as investors felt heartened after a better-than-expected service report.
When the market closed, the Dow Jones industrial average added 26.49 points, or 0.22 percent, to 12,127.95. The Standard & Poor's 500 added 7.32 points, or 0.57 percent, to 1,285.50. The Nasdaq Composite Index rose 18.10 points, or 0.66 percent, to 2,778.11.
According to the Institute for Supply Management, the US service sector grew at a slightly faster pace in May, marking the 29th straight month of expansion, Xinhua reported.