Allvoices.com - Wall St breaks losing streak

Wall St breaks losing streak

A Japanese investor looks at a share price board in Tokyo

Source: AFP

A Japanese investor looks at a share price board in Tokyo

The US Government's first estimate of GDP showed the economy expanded at an annual rate of 3.5 per cent, suggesting it is recovering from the worst recession in 70 years. In other economic news, data from the US Labor Department showed the number of workers filing new claims for jobless benefits fell...

Reach

Credibility

Related Allvoices Contributions

A JEWEL IN THE CROWN OF PAKISTAN’S ECONOMY

By: tmchgee

It is quiet amazing that yesterday’s small fishing village of ‘Gwadar’ has rapidly emerged as an international Deep Sea Port city today. It is really importIant that the government of Pakistan has decleare Gwadar a Duty Free Port and free economic zone keeping in view the significence of the region. This has not only ...

about 1 month ago
OIL FUTURES: Crude Rises Near $80; Market Awaits EIA Data

By: azhar12

Crude oil futures rose Wednesday, moving closer to the $80 mark after data from the American Petroleum Institute showed a larger-than-expected drawdown in US crude oil inventories. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $79.54 a barrel at 0553 GMT, up 40 cents in the ...

19 days ago
The Falling U.S. Dollar Is A Good Thing

By: amalgam80

The strength of the U.S. dollar is in trouble. In March a $1.25 bought you 1 euro, now it takes $1.50. But I’m here to tell you that this may not be a bad thing, at this time. Over the long term, a weaker dollar could narrow the long-running United States trade deficit, helping close the gap between exports and imports, as American ...

about 1 month ago
Oil falls below $79; U.S. inventory in focus

By: dustgeer

Oil dipped below $79 a barrel on Thursday as an expected hike in U.S. crude stocks outweighed both a weak dollar near 15-month lows and an IEA report that said global oil demand will return to growth this quarter.Delayed weekly inventories data out of the world’s largest fuel consumer the United States are set to show a 700,000 barrel rise ...

24 days ago
- 1
- 2
- 3
- 4
- >

News Stories

Wall St falls on financials' weight; S&P off for Oct

News Source: International Business Times | about 1 month ago

U.S. stocks fell on Friday, led by financial stocks as reports painting a mixed economic picture dented optimism fed by the economy's return to growth. On the heels of a government report that showed gross domestic product grew at its best rate in...
Oil slides after rally

News Source: CNN | about 1 month ago

Oil prices hovered below $80 a barrel on Friday following a 3% jump the previous day as doubts that oil prices may have run ahead of supply and demand fundamentals tempered the rally. Oil prices jumped on Thursday, while U.S. stocks logged their best...
Market rallies on US recession-end relief

News Source: Australian Broadcasting Corporation | about 1 month ago

The United States has finally escaped four quarters of contraction, to record its first three month period of growth in a year. The annualised rate of 3.5 per cent growth came in slight above market expectations of 3.2 per cent, but the increase...
OIl steades below $80 a barrel

News Source: The Irish Times | about 1 month ago

Oil prices jumped yesterday, while US stocks logged their best one-day percentage gain in three months, as investors saw data showing that the US economy returned to growth in the third quarter as brightening the outlook for profits and oil demand.
Shares close firmly in the black

News Source: The Daily Telegraph | about 1 month ago

THE share market has broken a four-day losing streak on a rebound in sentiment, spurred by data overnight showing the US economy returning to growth. The benchmark S&P/ASX200 index closed up 68.5 points, or 1.5 per cent at 4643.2 points, while the...
Early gains for NZX

News Source: New Zealand Herald | about 1 month ago

The New Zealand sharemarket gained strongly in early trading after overnight data indicated the United States may be starting to emerge from the worst recession in 70 years. Investors piled into US stocks which logged their best one-day percentage...