Category Archives: United States

US stocks hold steady, bonds fall after positive GDP data

The main US equity gauges stalled on Tuesday morning as energy stocks tumbled ahead of the Opec meeting on Wednesday, while signs of robust growth in the US economy lifted utility and real estate sectors. The S&P 500 fluctuated around the 2,200 mark, while the Dow Jones Industrial Average and Nasdaq Composite were little changed. The energy sector led declines…

Trump Tower security fails to stop Tiffany’s share advance

Tiffany shares were poised for their best day in more than three months after the jeweller reported better than expected third-quarter results even as the company said that security at Trump Tower on Fifth Avenue had hurt traffic at its flagship store in New York City. The company known for its signature Tiffany blue boxes said profits climbed to $95.1m…

US stocks rise as positive economic data offset oil slide

US stocks finished Tuesday just off of record highs as a string of strong economic data buoyed investor optimism, even though falling oil prices pared some of the gains. The S&P 500 ended 0.1 per cent higher at 2204.66, within reach of the record 2,213.35 it marked on November 25. Healthcare and real-estate stocks led the gains as investor sentiment…

US stocks poised to slip from record highs

US stock-index futures pointed to a lower open on Wall Street, with stocks receding from all-time peaks, as investors’ risk appetite waned ahead of a jam-packed week. The benchmark American stock-market indexes, the S&P 500, Dow Jones Industrial Average and Nasdaq Composite, all notched new highs last week amid optimism over the country’s economic prospects following the fractious presidential election….

US energy shares rally to be shaped by Opec deal

Rising doubts that Opec will forge a pact to curb output at a meeting this week has sent market expectations for turbulence in oil prices climbing to the highest level in more than eight months. The CBOE’s OVX index has surged almost 20 points since late October to 51.6. That brings the measure of expectations for volatility in an exchange-traded…

More than $5.1bn flow into US stock funds

US stock funds continue to pull in investor’s cash after the US election, as Donald Trump’s rhetoric over renewed growth for the economy shows no sign of abating. Just over $5.1bn flowed into US stock funds for the week ending November 23, according to data from EPFR. It was a lighter intake than the previous record-setting week, but still accentuated…

Surge for US financials on election-driven turnround

Financial stocks are poised for their best month since October 2011 as sentiment has shifted sharply since Donald Trump won the US presidential election in November. The S&P 500 financials sector is up 13.3 per cent so far in November, leading the benchmark index. That in turn was being driven by a 16.5 per cent gain in the banks sub-index….

US markets: Donald Trump’s bull run

As Wall Street traders departed for Thanksgiving this week, they could celebrate a rare achievement. On Monday and Tuesday, the four most widely cited indices of US stocks — the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite and the Russell 2000 — hit all-time highs simultaneously. The last time a “grand slam” happened was on New Year’s…

Nasdaq seeks speed bump in attempt to prioritise retail orders

Nasdaq is asking regulators to approve a new order type in the latest example of how the dynamics of speed are changing in the world’s largest equity market. In a letter to the Securities and Exchange Commission, the US exchanges operator proposed a so-called extended life priority order attribute, which would give priority to retail orders seen by the whole…

US stocks stall after record highs

Wall Street main gauges are set to open largely unchanged after hitting record highs for two straight days. Futures for the S&P 500 and the Nasdaq Composite were marginally lower, while those for the Dow Jones Industrial Average were up slightly with an hour to go before the opening bell in New York. The more subdued trading follows mixed sessions…