Apr 23, 2014 at 08:38 | Source: Reuters
Investors hoping that the Chinese HSBC manufacturing PMI data for April would show some stabilization in the slowing economy were relieved when the survey came in at 48.3, still in contractionary territory but slightly above the March number.
Apr 23, 2014 at 07:46 | Source: Reuters
The S&P healthcare index, up 1 percent, was the best performer of the 10 major S&P sectors. Allergan Inc jumped 15.2 percent to USD 163.65 a day after activist investor William Ackman teamed up with Canadian drugmaker Valeant Pharmaceuticals International Inc to bid for the company.
Apr 22, 2014 at 07:38 | Source: Reuters
Monday's gain marked the S&P 500's fifth straight climb, its longest winning streak since October. The S&P 500 wrapped up its best week since July last week, boosted by results from such names as General Electric Co and Morgan Stanley. The Nasdaq also scored its fifth straight gain on Monday.
Apr 18, 2014 at 07:36 | Source: Reuters
US stocks ended a holiday-shortened week with mostly modest gains on Thursday, though the S&P 500 notched its biggest weekly advance since July as Morgan Stanley and General Electric rallied after strong results.
Apr 17, 2014 at 07:40 | Source: Reuters
Data showing Chinese economic growth exceeded expectations and US industrial production rose for a second straight month also improved sentiment, though Bank of America and CSX Corp sold off following their results.
Apr 16, 2014 at 07:40 | Source: Reuters
The three major US stock indexes fell for much of the session before rebounding in afternoon trading. The Nasdaq moved in a 108.77-point range, and at its lows of the day, it was within 0.3 percent of 3,934.53, the level that represents a 10 percent drop from its recent intraday peak, hit on March 6.
Apr 15, 2014 at 07:22 | Source: Reuters
Citigroup led financial shares higher after the bank reported quarterly earnings that beat expectations, aided by a smaller loss on its troubled assets even as its revenue declined. The stock rose 4.4 percent to USD 47.67 while the S&P financial index climbed 0.8 percent and the KBW Banks index gained 0.7 percent.
Apr 12, 2014 at 08:51 | Source: Reuters
For the week, the S&P 500 fell 2.6 percent and the Nasdaq lost 3.1 percent, the biggest weekly decline for both indexes since June 2012.
Apr 11, 2014 at 09:15 | Source: Moneycontrol.com
With the Dow recording its worst fall in 2 months, US Stocks slammed on Thursday. The S&P fell below its 50-day moving average and dangerously close to its 100 DMA as well. The Nasdaq composite suffered its worst day since late 2011 with high-flying technology and biotech shares leading the declines.
Apr 11, 2014 at 07:35 | Source: Reuters
The S&P 500 posted its biggest percentage loss since February 3, while the Nasdaq has dropped 7 percent from its closing high for the year, set on March 5.