Showing posts with label Business. Show all posts
Tuesday, 30 December 2014
Wall St. recedes from record levels in broad decline
U.S. stocks edged lower on Tuesday, with major indexes pulling back from record levels as the recent trend of modest moves and low volume continued in the next-to-last trading day of the year.
The day's losses were broad if not especially deep. All ten primary S&P 500 sectors...
Read moreU.S. consumer confidence rises in December
span class="articleLocation">U.S. consumer confidence increased in December, bolstered by a brightening jobs situation that left perceptions about economic conditions at a high last seen in February 2008, according to a private sector report released on Tuesday.
The Conference Board,...
Read moreThursday, 25 December 2014
Subaru scraps plan to shift Crosstrek production to U.S.: source
Fuji Heavy Industries (7270.T), the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant and will instead make the SUV in Japan, a source familiar with the company's production plans said.
Fuji Heavy, which has a...
Read moreTuesday, 23 December 2014
Dow tops 18,000 on GDP report
U.S. stocks rose for a fifth straight session on Tuesday, with the Dow climbing above 18,000 for the first time ever after an unexpectedly strong report on economic growth.
Both the Dow and S&P 500 hit intraday records, and the S&P is on track for its 51st record close of...
Read moreMonday, 22 December 2014
Wall Street edges up after three-day run; Gilead slumps
U.S. stocks were modestly higher on Monday, after the benchmark S&P 500 notched its best weekly performance in nearly two months, as a sharp drop in Gilead Sciences reined in broader gains.
Gilead Sciences (GILD.O) slumped 9.9 percent to $97.71 as the biggest drag on both the...
Read moreFriday, 19 December 2014
Wall Street little changed after best two-day run in three years
U.S. stocks were little changed on Friday after the market's best two-day run in more than three years, with shares of Nike weighing on the Dow while energy shares led a modest advance on the benchmark S&P 500.
The S&P 500 index had climbed 4.5 percent over the previous...
Read moreOil up on pre-holiday short-covering but down for fourth week
Oil bounced higher on Friday as selling pressure from a six-month price rout eased for a second time this week on short-covering, helped by fresh buying in U.S. crude before the expiry of the front-month contract.
U.S. West Texas Intermediate (WTI) crude futures traded above $55...
Read moreThursday, 18 December 2014
Oil pares gains after early jump to $63
Brent crude pared early gains on Thursday to trade back below $62 a barrel, giving up much of a 3 percent spike in London as traders assessed whether a price rout is done.
Oil this week slumped as low as $58.50 and has almost halved since June as fast-growing U.S. shale...
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