Lingering euro worries weigh on Wall Street May 9, 2012 U S stocks fell for the fifth day in six yesterday as investors kept their focus on the turmoil in Europe, but news that Greece will receive its latest debt bailout payment helped cut losses late in the session. In the afternoon the Nasdaq briefly turned positive and the S&P rose to break-even after news [...]
NEW YORK REPORT May 7, 2012 INVESTORS brushed off Europe’s election results yesterday, as the S&P 500 rebounded from early losses to end nearly unchanged yesterday, despite the uncertainty surrounding the Eurozone’s ability to tackle its debt crisis. US financial stocks, normally highly sensitive to events that could unsettle the Eurozone’s fiscal stability, were not only the biggest gainers, but had [...]
The Hindenburg Omen isn’t a hit May 7, 2012 NAMES for technical indicators don’t get much more dramatic than the Hindenburg Omen – simultaneously referencing the German airship tragedy of 1937 in which 36 people lost their lives and bringing to mind haunting visions of the psychotic Damien from the infamous horror film, the Omen. Chris Beauchamp, market analyst at IG Markets, believes a [...]
Chesapeake set for probe May 2, 2012 US Senator Bill Nelson plans to ask the Justice Department to investigate Chesapeake Energy Corp for potential fraud and price manipulation, an aide to the lawmaker said. Chesapeake shares fell nearly 15 per cent to close at $16.74 on the New York Stock Exchange, their largest decline in over three years.
Dow ends at highest level in four years May 1, 2012 THE Dow closed at its highest level in more than four years yesterday after US manufacturing expanded at a faster pace than expected in April, easing jitters about a slowdown in the economic recovery. The Dow Jones industrial average gained 65.69 points, or 0.50 per cent, to 13,279.32 at the close. The Standard & Poor’s [...]
Nasdaq upbeat as declares its first dividend April 25, 2012 NASDAQ OMX declared its first quarterly dividend yesterday, but said first-quarter net earnings declined due in part to lower US trading volumes for stocks and derivatives. The exchange operator said it would pay a quarterly dividend of 13 cents a share, a two per cent yield, reflecting its strong cash flow and capital generation. It [...]
Wall Street is in retreat over euro worries April 23, 2012 US stocks fell yesterday as political turmoil in Europe cast doubts on the Eurozone’s ability to push through measures to end its debt crisis and as Wal-Mart sank following a report it stymied a bribery probe. The Dow Jones industrial average was down 102.09 points, or 0.78 per cent, at 12,927.17. The Standard & Poor’s [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 22, 2012 FINANCIAL TIMES Non US banks hope for reprieve on swaps US regulators are exploring ways to give large foreign banks and overseas subsidiaries of US lenders a reprieve from stringent new derivatives rules, potentially alleviating one of the biggest concerns facing global finance institutions. Chesapeake discloses chief’s $661m payments for wells Aubrey McClendon, the chief [...]
Lacklustre US results drag on Wall Street April 18, 2012 US stocks slipped yesterday, a day after Wall Street’s best gains in a month, as uninspiring earnings from tech bellwethers IBM and Intel gave investors a reason to take profits. Chesapeake Energy dropped 5.5 per cent to $18.06 and was the most actively traded stock on the New York Stock Exchange after a Reuters report [...]
Good earnings help US shares bounce back April 11, 2012 AN encouraging start to earnings season helped US stocks rebound yesterday five days of losses that pushed the S&P 500 below a key technical level. Equities cut gains late in the session after the Federal Reserve said rising energy costs were a concern for economic growth. Atlanta Fed President Dennis Lockhart said the economy would [...]