BRITAIN’S FTSE 100 share index suffered its biggest one-day drop in a year yesterday, knocked off historic peaks by weak economic data and signs that the US Federal Reserve could soon taper its stimulus programme.
US stocks slipped yesterday but finished sharply off their session lows as a rally in Hewlett-Packard’s shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.
US stocks fell yesterday with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest US Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meet
US stocks rose yesterday, with the Dow Jones and the S&P 500 closing at new all-time highs as Federal Reserve officials’ comments eased some concerns that the central bank could start reducing its stimulus program.
The UK’s top share index scaled fresh five and a half year highs yesterday, taking heart from a handful of upbeat earnings and with a bid for Severn Trent fanning expectations of more takeovers of utilities.
US stocks ended flat yesterday, pausing after hitting record highs last week, but strength in healthcare issues helped to keep declines in check.
The S&P 500 healthcare sector climbed 0.7 per cent and was the day’s best performer.
THE Dow closed above 15,000 for the first time yesterday and the S&P 500 ended at another record high, extending the market’s rally as more investors rushed to join the party and German industrial data beat expectations.