Stock Markets

US stocks rise in midday trading

US stocks rise in midday tradingNew York, Dec 28 - US stocks rose slightly during midday trading Tuesday, Xinhua reported.

The Standard & Poor's Case-Shiller index of 20 city dropped 0.6 percent in October, compared with September, said the Standard & Poor's monthly report. The index was down 3.4 percent year-on-year.

Meanwhile, according to the New York-based organization, its Consumer Confidence Index rose to 64.5 in December from 55.2 in November.

US stocks stay low for straight day

US stocks stay low for straight dayNew York, Dec 15 - US stocks ended lower for the third straight day Wednesday amid euro zone concerns and data, Xinhua reported.

On economic front, the US labor department said that import prices rose 0.7 percent in November, the largest increase in seven months.

The increasing import prices added concerns about inflation. Some investors worried that the Federal Reserve will refrain from any new round of Quantitative easing policy given such circumstances.

US stocks rise on positive retail data

US stocks rise on positive retail dataNew York, Dec 14 - US stocks opened higher Tuesday on positive retail data.

According to the commerce department, US retail sales rose 0.2 percent after a 0.6-percent gain in October.

The less-than-expected figure in November was due to a decline in receipts for food and beverages and stronger sales of motor vehicles, Xinhua reported.

Meanwhile, Spain's treasury sold 4.9 billion euros of 12- and 18-month treasury bills, but the yields still remained high.

Investors now worried that the rating agencies will downgrade 15 eurozone countries after Standard and Poor's threatened to do so.

US stocks pull back as European optimism fades

US stocks pull back as European optimism fadesNew York, Dec 13 - US stocks pulled back across the board Monday as initial enthusiasm about last week's EU compact faded, Xinhua reported.

The Dow Jones industrial average dropped 162.87 points, or 1.34 percent, to 12,021.39. The Standard & Poor's 500 fell 18.72 points, or 1.49 percent, to 1,236.47. The Nasdaq Composite Index lost 34. 59 points, or 1.31 percent, to

The decline came after Friday's rally as 17 eurozone members plus up to nine non-eurozone EU states basically agreed to join the compact based on "inter-governmental treaties" to take unprecedented measures to oversee national economies, with sanctions for governments that run up high deficits.

US stocks end lower in holiday-shortened session

US stocks end lower in holiday-shortened sessionNew York, Nov 26 - US stocks ended lower Friday, with the S&P 500 and the Nasdaq falling for the seventh straight day, as market sentiment was still heavily weighed by concerns over intensified European debt problems.

The Dow Jones industrial average dropped 25.61 points, or 0.23 percent, to 11,231.94. The Standard & Poor's 500 was down 3.12 points, or 0.27 percent, to 1,158.67. The Nasdaq Composite Index dropped 18.57 points, or 0.75 percent, to 2,441.51.

Major indexes tumbled more than 4 percent for the week, the worst Thanksgiving week in more than 70 years.

Friday's holiday-shortened session was once again dominated by European headlines.

US stocks turn into positive territory

US stocks turn into positive territoryNew York, Nov 12 - US stocks turn positive Friday amid signs of stabilization in European debt and better-than- expected data, with all three major indexes turning positive, Xinhua reported.

Italy's Senate approved a budget bill Friday, which cleared the way for Prime Minister Silvio Berlusconi to resign. The bill was also expected to pass the lower chamber of the parliament Saturday.

The news helped boost investors' confidence in the country while the yield on the 10-year Italian government bond dropped to 6.45 percent. The yield reached 7.25 percent Wednesday, the highest since 1997.


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