Fri, 09/25/2009 - 22:41 by Salinder Kumar
New York -- U.S. markets fell Friday as Group of 20 world leaders met for the second day of an economic summit in Pittsburgh.
President Barack Obama is scheduled to announce the G20 nations had superseded the longer-standing Group of 8 on economic issues. But Peter Morici, a former chief economist with the U.S. International Trade Commission said the announcement is not Earth shattering. It "merely recognizes reality," he said.
In early afternoon trading, the Dow Jones industrial lost 55.77 points, 0.57 percent, to 9,651.67. The Standard & Poor's 500 slid 0.81 percent, 8.54 points, to 1,042.24. The Nasdaq composite index lost 0.96 percent, 20.07 points, to 2,087.54.
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Thu, 09/24/2009 - 23:11 by Salinder Kumar
NEW YORK, Sept. 24 (UPI) -- U.S. markets stumbled Thursday after the National Association of Realtors said existing home sales fell 2.7 percent in August.
The downturn ended a four-month streak of gains as sales fell to an adjusted annual rate of 5.1 million units, the NAR said.
In early afternoon trading Thursday, the DJIA lost 0.56 percent, 54.26 points, to 9,694.29. The Standard & Poor's 500 fell 1.1 percent, 11.67 points, to 1,049.20. The Nasdaq composite index fell 1.35 percent, 28.83 points, to 2,102.59.
The benchmark 10-year Treasury rose 8/32 to yield 3.385 percent.
The euro fell to $1.4673 from Wednesday's $1.4743. Against the yen, the dollar rose to 91.33 from Wednesday's 91.31 yen.
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Fri, 09/18/2009 - 03:15 by Salinder Kumar
New York -- U.S. markets retreated from early gains Thursday despite first-time jobless claims dropping for the second consecutive week.
The Labor Department said there were 12,000 fewer initial claims in the week ending Sept. 12. In the previous week, the Labor Department reported 26,000 fewer initial claims.
U.S. markets have closed higher in eight of the last ten trading sessions. By close Thursday, the numbers were slightly down.
The Dow Jones industrial average closed off 0.08 percent, 7.79 points, to 9,783.92. The Standard & Poor's 500 index lost 0.31 percent, 3.27 points, to 1,065.49. The Nasdaq composite index shed 6.40 points, 0.3 percent, to 2,126.75.
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Sat, 09/12/2009 - 00:24 by Salinder Kumar
New York -- U.S. markets wobbled up and down Friday, a day after U.S. Treasury Secretary Timothy Geithner said the economy was presumed to be growing.
"The consensus among private forecasters is that our economy is now growing; the financial system is showing signs of repair ... It is clear we have stepped back from the brink," Geithner told members of the Congressional Oversight Panel monitoring the financial recovery effort.
In early afternoon trading, the Dow Jones industrial average dropped early gains, falling 0.43 percent or 43.19 points, to 9,586.29. The Standard & Poor's 500 fell 0.34 percent or 3.55 points, to 1,040.59. The Nasdaq composite index shed 9.03 points or 0.43 percent, to 2,074.99.
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Fri, 08/07/2009 - 22:08 by Salinder Kumar
New York -- U.S. markets jumped Friday after the Labor Department said the unemployment rate improved in July, moving from 9.5 percent to 9.4 percent.
The jobless rate shifted on the loss of of 247,000 jobs, about 100,000 less than economists predicted.
For July, economists had forecast a jump in unemployment to 9.6 percent. The surprise decline gave markets a strong boost.
In early afternoon trading, the Dow Jones industrial average gained 172.76 points, 1.87 percent, to 9,429.02. The S&P 500 gained 20.84 points, 2.09 percent, to 1,017.92. The Nasdaq index added 37.35 points, 1.89 percent, to 2,010.51.
The benchmark 10-year Treasury fell 26/32 to yield 3.86 percent.
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Wed, 08/05/2009 - 23:25 by Salinder Kumar
New York -- U.S. markets headed lower Wednesday after Automatic Data Processing Inc. said the country lost 371,000 jobs from June to July.
The monthly report is an improvement over the past three months, when ADP reported job losses that averaged 498,000 per month.
In early afternoon trading, the Dow Jones industrial average lost 48.67 points, 0.52 percent, to 9,271.52. The S&P 500 lost 4.39 points, 0.44 percent, to 1,001.26. The Nasdaq index lost 21.44 points, 1.07 percent, to 1,989.87.
The benchmark 10-year Treasury was unchanged, yielding 3.687 percent.
The euro rose to $1.4423 from Tuesday's $1.4398. Against the yen, the dollar
fell to 94.84 yen from Tuesday's 95.27 yen.
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Tue, 07/28/2009 - 01:51 by Salinder Kumar
New York -- U.S. markets turned higher late Monday, posting positive numbers after the Nikkei 225 in Japan closed with a ninth straight day of gains.
The Nikkei average gained 144.11 points, 0.56 percent, to 10,088.66, breaking the 10,000-point mark for the first time since mid-June.
Down most of the day, the Dow Jones industrial average closed 15.27 points higher, up 0.17 percent, ending at 9,108.51. The S&P 500 gained 0.3 percent, 2.92 points, to 982.18. The Nasdaq composite rose 0.1 percent, 1.93 points, to 1,967.89.
On the New York Stock Exchange, 1,939 stocks advanced and 1,061 declined on a volume of 4.6 billion shares traded.
The benchmark 10-year Treasury fell 16/32 to yield 3.721 percent.
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Sat, 07/18/2009 - 02:17 by Salinder Kumar
New York -- U.S. markets were flat Friday despite positive news from two large banks that have struggled throughout the financial crisis.
Bank of America reported second quarter profits reached $3.2 billion, while Citigroup said profits reached $4.3 billion April through June, The New York Times reported.
By close, the Dow Jones industrial average extended a positive streak through a fifth day, gaining 32.12 points, 0.37 percent, to 8,743.94. The Standard & Poor's 500 fell 0.04 percent, 0.36 points, to 940.38. The Nasdaq index added 1.58 points, 0.08 percent, to 1,886.61.
On the New York Stock Exchange, 1,438 stocks advanced and 1,499 declined on a volume of 5.1 billion shares traded.
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Fri, 07/17/2009 - 22:06 by Salinder Kumar
New York -- U.S. markets were flat Friday despite positive news from two large banks that have struggled throughout the financial crisis.
Bank of America reported second quarter profits reached $3.2 billion, while Citigroup said profits reached $4.3 billion April through June, The New York Times reported.
Stocks were mixed with a four-day run upward stalling at the opening bell.
In early afternoon trading, the Dow Jones industrial average gained 2.64 points, 0.03 percent, to 8,714.46. The Standard & Poor's 500 fell 0.29 percent, 2.73 points, to 938.01. The Nasdaq index shed 4.43 points, 0.24 percent, to 1,880.60.
The benchmark 10-year Treasury note fell 15/32 to yield 3.632 percent.
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Sat, 07/11/2009 - 01:45 by Salinder Kumar
New York -- U.S. markets closed flat Friday as investors feared the second quarter's corporate reporting season would be disappointing.
By the closing bell, the Dow Jones industrial average lost 36.65 points, or 0.45 percent, to 8,146.52. The Standard & Poor's 500 fell 0.4 percent, 3.55 points, to 879.13. The Nasdaq composite index was slightly higher, up 3.48 points, 0.2 percent at 1,756.03.
On the New York Stock Exchange, 1,446 stocks advanced and 1,525 declined on a
volume of 4.4 billion shares traded.
The benchmark 10-year U.S. Treasury bond rose 32/32 to yield 3.293 percent.
The euro fell to $1.3949, compared to Thursday's $1.4032. Against the
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Thu, 07/09/2009 - 02:15 by Salinder Kumar
New York -- U.S. markets wavered Wednesday, but hung close to their starting points in anticipation of the corporate reporting season, which began after the closing bell.
With unemployment rising, expectations that corporations could squeeze a profit out of a struggling consumer base are sinking.
By close Wednesday, the Dow Jones industrial average gained 14.81 points or 0.18 percent to 8,178.41. The Standard & Poor's 500 fell 1.47 or 0.17 percent to 879.56. The Nasdaq composite index added 1 point, 0.06 percent, to 1,747.17.
On the New York Stock Exchange, 1,025 stocks advanced and 1,972 declined on a volume of 4.8 billion shares traded.
The benchmark 10-year U.S. Treasury bond rose 1 10/32 to yield 3.29 percent.
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Thu, 07/02/2009 - 23:26 by Salinder Kumar
New York -- U.S. markets plunged Thursday after the Department of Labor said the unemployment rate rose from 9.4 percent to 9.5 percent in June.
Economists had predicted a sharper increase, but 467,000 jobs lost in the month undermined confidence in a recovery.
In early afternoon trading, the Dow Jones industrial average lost 179.79 points, or 2.11 percent, to 8,324.27. The Standard & Poor's 500 dropped 2.36 percent, 21.76 points, to 901.57. The Nasdaq composite index shed 44.07 points,
2.39 percent, to 1,801.65.
The benchmark 10-year U.S. Treasury bond rose 20/32 to yield 3.474 percent.
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