Stock Markets

US stocks pause in absence of big data

US stocks pause in absence of big dataNew York, March 13 - US stocks took a breather Monday, ending narrowly mixed, in the absence of key domestic economic data, Xinhua reported.

The Dow Jones industrial average gained 37.69 points, or 0.29 percent, at 12,959.71. The Standard & Poor's 500 added 0.22 points, or 0.02 percent, to 1,371.09. The Nasdaq Composite Index slipped 4. 68 points, or 0.16 percent, to 2,983.66.

With no big economic data directing trading, investors looked overseas to look for clues for the global economy.

China recorded its biggest trade gap in at least a decade in February as imports jumped 39.6 percent and exports increased by a less-than-expected 18.4 percent.

US stocks rise

US stocks riseNew York, March 10 - US stocks rose Friday as investors embraced positive non-farm payroll reports.

The Labor Department reported Friday that the economy added 227,000 jobs in February, more than economists had anticipated.

Meanwhile, the February unemployment rate remained at 8.3 percent, in line with expectations, reports Xinhua.

In Europe, Greece had managed to persuade the vast majority of its bond holders to take a loss on their investments, which was going to be the biggest national debt writedown in history for the debt-burdened country.

US stocks higher on housing report

US stocks higherNew York, Feb 28 : US stocks traded higher at mid-day Monday as better-than-expected housing data helped lift the market, Xinhua reported.

The Dow Jones Industrial Average surpassed the 13,000 mark.

The National Association of Realtors reported that pending home sales gained 2 percent to 97.0 in January, the highest in nearly two years.

However, concerns about the European debt crisis continued to weigh on the market. Members of the Group of 20 leading economies said Europe need to raise extra funds to combat the ongoing debt crisis.

US stocks open higher

US stocks open higherNew York, Feb 25 - US stocks were modestly higher Friday after a report showed American consumers felt more confident about the economic recovery.

According to the final reading of the Thomson Reuters/University of Michigan's survey, the consumer sentiment index jumped to 75.3 in February, which was better than economists had expected and the best level in almost a year, Xinhua reported.

Meanwhile, the Commerce Department said that new home sales declined 0.9 percent in January to a seasonally adjusted 321,000 units, also a little bit stronger than average estimates.

US stocks higher on positive jobs data

US stocks higher on positive jobs dataNew York, Feb 24 - US stocks jumped Thursday after a government report showed the jobs market was steadily improving.

According to the US Labor Department, the number of people applying for jobless benefits was unchanged last week at 351,000, the fewest since March 2008, Xinhua reported.

Meanwhile, the four-week average of initial claims, which smoothes week-to-week fluctuations, dropped for the sixth straight week to 359,000, also the lowest level in four years.

The broader Standard & Poor's 500 was standing above the closely watched 1,360 level, a 10-month high seen as a key resistance point.

US stocks drop on Greece worries

US stocks drop on Greece worriesNew York, Feb 11 - US stocks dropped Friday as Greece's crucial international bailout was put on hold by eurozone finance ministers.

Eurozone finance ministers said Greece had to save an extra $430 million in order to be granted bailout funds, while Greek workers staged a nationwide strike against the new austerity plan, Xinhua reported.

On the economic front, the Commerce Department said that US trade deficit widened to $48.8 billion in December, hitting the highest level since July 2008.


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