Demand for tech stocks lifts Wall St April 6, 2011 THE S&P 500 index inched upward on relatively light volume yesterday, with investors adding to winning positions in technology stocks, but avoiding large bets ahead of corporate earnings due next week. After days of struggling, the broader market index broke above the closely watched 1,333 level. The next closely watched technical point is 1,344, the [...]
Low volumes see Wall St tread water April 5, 2011 THE S&P 500 failed to break a key technical resistance level for a second day yesterday as low trading volume raised further questions about the market’s strength. The broader market index closed slightly below 1,333, a closely watched level as it represents double the low reached in March 2009. Trading volume was relatively low with [...]
Wall Street fails to make progress on low volumes April 4, 2011 THE S&P 500 met tough resistance yesterday, failing to break a level that has held since mid-February even as a spate of deals and underlying strength in the economy spurred optimism. But caution ahead of earnings season held volume to its lowest level this year and suggested the recent rally may be fading. The benchmark [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 4, 2011 FINANCIAL TIMES UNITED ANGER AT EU CARBON RULE The European Union’s plan to pull almost every leading airline into its scheme to limited carbon emissions is so “beyond the pale”, that a foreign government is certain to challenge it, according to the head of the world’s largest airline by passenger traffic, the newly merged United [...]
US treads water ahead of jobs data March 31, 2011 US stocks ended a solid quarter with the barest of moves yesterday, as investors looked ahead to Friday’s US jobs report to provide a catalyst to push indexes to new highs for the year. After gaining 5.4 per cent in the first quarter, the benchmark S&P 500 hovered near 1,330, a level the index has [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 30, 2011 FINANCIAL TIMES CHRISTIAN CANDY TO RESELL GOLD SHARES Christian Candy, the property developer, is to sell shares back to minority investors in a gold mining company after his attempt to take the mine owner private was thwarted. The agreement is part of a deal that could strengthen the rights of small investors. It is set [...]
BATS Global Markets to offer primary listing service in the US March 29, 2011 EQUITY trading platform BATS Global Markets is to launch its own primary listings business to bring it directly into competition with national stock exchanges, it said yesterday. The new platform will be called BATS Listings and launch in the last quarter of this year to compete directly with exchanges such as the Nasdaq and New [...]
US trading volume low amid uncertainty March 29, 2011 STRENGTH in energy lifted US stocks yesterday as investors concentrated on adding to winning positions as the quarter winds down, but uncertainty kept trading volume light. About 6.2bn shares traded in composite volume on the New York Stock Exchange, NYSE Amex and Nasdaq, the second-weakest of 2011 and below last year’s estimated daily average of [...]
Marriott’s warning sparks retail fears March 28, 2011 US stocks fell yesterday as the corporate outlook was clouded ahead of earnings and uncertainty continued to creep from abroad, while volume hit its lowest level of the year. A warning from hotel operator Marriott International hurt hotel and other consumer shares, amid expectations of other negative corporate earnings pre-announcements. “Corporations now have several excuses [...]
Wall St rises as investors dismiss Middle East fears March 23, 2011 US stocks advanced yesterday as materials shares rose, but rising commodities prices due to turmoil in the Middle East and North Africa could keep rallies modest. The market’s favoured indicator of anxiety, the Chicago Board Options Exchange Volatility Index or VIX, shows investor worry over unsettled world situations has been tempered for the moment. But [...]