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Thursday Stock Rise on Upbeat Jobs, Factory Orders Reports
5 hours ago ago from Kitsap Business and Economy
Dow now at 10,513, up 46 points. NEW YORK (AP) — Stocks rose Thursday after positive reports on unemployment and durable goods orders showed the economy is continuing to recover. Major indexes all touched new 2009 highs in morning trading. A decline in the dollar also helped push energy and materials stocks higher. Trading was extremely light ahead of the Christmas holiday on Friday. The encouraging signs on the labor market and ...
Related contentAsian markets rise as China affirms loose policy
23 hours ago ago from Today News From Pakistan
SEOUL: Asian markets shrugged off a lackluster performance on Wall Street to move higher Thursday amid expectations China will maintain loose monetary policy. There was also an element of catch-up for Asian stocks as the region's markets, up massively from their March lows, have this month lagged gains in developed markets. Oil prices held above $77 a barrel while the dollar fell slightly versus the yen and the euro. China's benchmark ...
Related contentTip News Tip News 2009
19 hours ago ago from Tip News
Tip News 2009-Dec-23 - Consumer sentiment improves in December NEW YORK (Reuters) Consumer sentiment improved in December from November on some income growth and less gloomy job conditions, a survey showed on Wednesday. The Reuters/University of Michigan Surveys of Consumers said the final December reading on the index of consumer sentiment was 72.5, the highest since September. It was up from 67.4 in November and ...
Related contentEmerging Market, Asian Stocks Advance on Growth; Copper Gains
7 hours ago ago from All About Work & Financial
Stocks gained around the world, with China’s benchmark index posting its biggest advance this month, on expectations the global economic recovery will strengthen. Copper rose, heading for the best year in more than two decades. The MSCI Emerging Markets Index gained 0.9 percent as of 1:40 p.m. in London, and futures on the Standard & Poor’s 500 Stock Index climbed 0.3 percent. China’s Shanghai Composite Index rose 2.6 percent and the MSCI ...
Related contentUS stocks finish slightly higher despite housing data
15 hours ago ago from Ghana Business News
Stocks ended an erratic session with a slender gain Wednesday as rising commodities prices offset disappointment over an unexpected drop in home sales. Gains in commodities drove the shares of energy and materials-producing companies higher, lending support to the overall stock market. Gold, oil and other commodities rose as the dollar dropped. The dollar snapped a four-day winning streak as the latest economic data reinforced ...
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European Markets Try to Keep Rally Going
10 hours ago ago from The New York Times
European stock markets nudged higher on Thursday, trying to extend a Christmas week rally. Futures indexes on Wall Street also pointed to a higher, but subdued, opening of a shortened trading day. Contrary to many expectations, stocks around the world have rallied this week. Many analysts were anticipating a modest pullback as investors shut up shop for the year by booking profits accumulated during the nine-month bull market. In ...
Related contentInvestors Bring It Home for the Holidays - Getting Technical - M. Kahn - Barrons.com
19 hours ago ago from Barron's Online
Investors Bring It Home for the Holidays By MICHAEL KAHN MORE ARTICLES BY AUTHOR Hot emerging markets have cooled recently as performance has shifted to U.S. small- and mid-sized stocks. Subscribe Now With these readers: Or copy the rss link: IT WAS JUST A FEW WEEKS ago when investors piled into all things ...
Related contentAhead of the Bell: Durable Goods
11 hours ago ago from U.S. News
Ahead of the Bell: Durable Goods WASHINGTON (AP) -- Orders to U.S. factories for big-ticket manufactured goods are expected to have rebounded in November, signaling that manufacturing is participating in the recovery from the nation's deepest recession since the 1930s. Economists surveyed by Thomson Reuters expect orders for durable goods posted a 0.5 percent rise in November following a 0.6 percent decline the previous month. The Commerce ...
Related contentEuropean Stocks Inch Higher
13 hours ago ago from Wall Street Journal
European stocks were trading quietly Thursday, with a steady performance across the bourses that remained open on Christmas Eve. London's FTSE 100 index was up just 0.1% at 5379.2, despite calls for the index to start about 20 points higher. The lack of direction and short supply of news was a factor here. Paris's CAC-40 gained 0.1% to 3913.3, while Frankfurt's DAX and the Dow Jones Stoxx 600 were closed. The foreign exchanges and other ...
Related contentDemand for Durable Goods Softer Than Expected
8 hours ago ago from The New York Times
The demand for items like washers and dryers from American factories was less than expected in November as declines in demand for aircraft and autos offset strength in several other areas. The gains outside of transportation were an encouraging sign that manufacturing is beginning to revive and will contribute to pulling the economy out of recession . The Commerce Department said Thursday that orders for durable goods edged up 0.2 percent ...
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