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Disturbing inflation news and concerns over interest rates drove a bond sell-off on Tuesday, sending stocks lower in active trading. The Dow Jones industrial average skidded 22.79 points to 3809.23, its fifth straight decline and lowest level since January 6. The bond market reacted sharply to the release
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Wall Street saw a narrowly mixed trading day early Wednesday, with the Dow Jones industrial average fluctuating as investors digested the remarks of Federal Reserve Chairman Alan Greenspan. Despite initial concerns about inflation after the Fed raised short-term interest rates on February 4, Greenspan's congressional testimony helped to
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Trading on the New York Stock Exchange opened with mixed results as investors awaited Federal Reserve Chairman Alan Greenspan's testimony before a congressional subcommittee. The Dow Jones industrial average saw a modest increase, while the New York Stock Exchange composite index advanced slightly. However, declines outweighed advances among
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The stock market experienced a slight pullback Tuesday, despite a bounce in overseas markets and strength in economically sensitive issues. The Dow Jones industrial average slid 0.29 points to 3906.03, while the Standard & Poor's 500-stock index eased 0.71 to 471.05. Treasury securities ended
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The global stock market recovery from last Friday's US interest rate hike of 0.25 per cent continued yesterday, with Wall Street's Dow Jones index closing 34.9 points up at 3906.32 after a steep fall of 96 points on Friday. However, the FTSE 100
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Investors on Wall Street celebrated a new era of economic prosperity as stocks and bonds rallied together, fueled by a stronger-than-expected fourth-quarter GDP report. The Commerce Department announced that the economy grew at its fastest pace in five years in 1993, driven by brisk business spending and low inflation. As
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Stocks declined for a second consecutive day as the market succumbed to further profit taking, despite IBM recovering from an initial sell-off due to disappointing earnings. The Dow Jones industrial average fell 17.45 points to 3,895.34, its biggest one-day loss since the year began, while the New
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Stocks on Wall Street experienced a lackluster start to the new year, with the Dow Jones industrial average edging up 2.51 points to 3756.60, despite solid gains in two Dow components: Aluminum Co. of America and Chevron. The New York Stock Exchange composite index eased 0.81 to
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Wall Street's efforts to regain momentum in the new year were met with caution and uncertainty on Monday, as bond prices weakened and stocks opened narrowly mixed. Despite positive economic news, including a surge in the manufacturing sector, investors are still grappling with the impact of "end-of-the-year
