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Tuesday, December 12, 2017
U.S. stock market

U.S. Shares Steady In Early Trade

New York (AFP) — U.S. shares traded fairly flat early Tuesday, appearing to continue taking a breather that started last Friday after a solid one-month run. But biotech shares got a boost from Vertex Pharmaceuticals (+40.6 percent) after it reported promising results in tests of two drugs for treating cystic fibrosis. Thirty minutes into trade, […]

June 24, 2014

TOP CEOs Downgrade Economic Growth Forecasts, Expect To Spend Less

By Jim Puzzanghera, Los Angeles Times WASHINGTON — Top U.S. chief executives slightly downgraded their economic growth forecast, according to a survey released Tuesday, and fewer said they expected to increase investments in their businesses amid uncertainty over whether Congress will reinstate some key corporate tax provisions. Despite those concerns, the second-quarter economic outlook index […]

June 17, 2014

Europe Forecasts Stronger Growth; Boost For U.S. Exports Seen

By Jim Puzzanghera, Los Angeles Times WASHINGTON — European officials on Monday forecast stronger economic growth for the region, a major market for exports from the United States. The economy of the 28-nation European Union will expand 1.6 percent this year after just 0.1 percent growth in 2013, according to the spring forecast by the […]

May 5, 2014

U.S. Stocks Gain Despite Fresh Ukraine Tensions

New York (AFP) – U.S. stocks pushed higher in early trade Monday even as the West jacked up pressure on Russia with fresh sanctions over Ukraine. About 45 minutes into trade, the Dow Jones Industrial Average was up 99.51 points (0.61 percent) at 16,460.97. The broad-based S&P 500 gained 9.15 (0.49 percent) at 1,872.55, while […]

April 28, 2014

U.S. Stocks Rise As Busy Earnings Week Kicks Off

New York (AFP) – U.S. stocks Monday finished higher as solid earnings reports from Halliburton and others kicked off the busiest week of the quarterly earnings season. At the closing bell, the Dow Jones Industrial Average advanced 37.95 (0.23 percent) to 16,446.49. The broad-based S&P 500 rose 6.81 (0.37 percent) to 1,871.66, while the tech-rich […]

April 21, 2014

S&P 500 Jumps 0.7 Percent To Record Close

New York (AFP) – The S&P 500 Tuesday closed at a new record as US stocks rallied following solid economic data and investor relief over U.S. Federal Reserve policy. The S&P 500 jumped 13.18 (0.70 percent) to 1,885.52, its first record close since March 7. The Dow Jones Industrial Average advanced 74.95 (0.46 percent) to […]

April 1, 2014

U.S. Stocks Soar Despite Crimea Vote

New York (AFP) – U.S. stocks surged in early trade Monday as investors shrugged off Crimea’s vote to secede from Ukraine and sanctions announced against Russia following the referendum. About 35 minutes into trade, the Dow Jones Industrial Average jumped 204.44 points (1.27 percent) to 16,270.11. The broad-based S&P 500 increased 15.94 (0.86 percent) to […]

March 17, 2014

European Stocks Dip On Poor Data

London (AFP) – European stocks fell on Wednesday, with sentiment weighed down by disappointing U.S. data, while the London market was also hit by news of a growth downgrade. The ruble fell to a record low level against the euro on concerns about growth in Russia and financial crisis in Ukraine. London’s benchmark FTSE 100 […]

February 26, 2014