Stock prices
The Dow Jones industrial average plummeted 18.77 points to close at 3,747.02 yesterday, following a stronger-than-expected report on July employment that sparked concerns about inflation and interest rates. Analysts initially believed the report would be insufficient to prompt the Federal Reserve to raise interest rates for a
Stock prices
The stock market showed a mixed performance on Wednesday, with traders reacting to unexpected news about sales of new homes plummeting 14.1 percent in June. The unexpected decline in new home sales led to a brief rally in stocks, pushing the Dow Jones industrial average to 3,811.44,
Financial markets
The US stock market experienced a significant rally on Wednesday, driven by strong earnings reports and a recovery in the dollar. Tech stocks, in particular, surged, with shares of Chipcom and Seagate Technology leading the way. The Dow Jones Industrial Average rose 1.62 points to 3,704.28, while
Financial markets
The stock market experienced a sharp rebound yesterday after a report on producer prices for June showed no increase in inflation, reducing the possibility of an imminent interest rate increase by the Federal Reserve. The Dow Jones industrial average recouped a loss of more than 30 points to close almost
Financial markets
Global stock markets ended the session with mixed results, as inflation worries and economic recovery hopes took center stage. The UK and US purchasing managers' surveys stoked inflation concerns, leading to losses in London and Paris shares. However, Frankfurt shares initially gained before being halted by bond market weakness.
Financial markets
Global stock markets experienced mixed trading sessions, as investors' concerns about interest rates continued to weigh on the market. The London stock market saw a minor rebound after a substantial downturn in the past few days, while European markets, including the Amsterdam and Paris exchanges, fell due to renewed
Stock prices
The stock market rose yesterday in response to the government's release of data showing moderate economic growth without worrisome inflation. Despite initial gains, the market gave up some of its advances as the trading session wore on. The Dow Jones industrial average closed with a gain of 23.
Stock prices
Stronger-than-expected data on job creation last week sent inflation fears soaring, causing stock prices to decline sharply, particularly in interest rate-sensitive sectors. The Federal Reserve's failure to raise short-term interest rates as expected has led to growing anxiety about inflation, with long-term interest rates reaching a 19-month high.
Stock prices
A strong rally in the bond market, combined with powerful first-quarter earnings from companies like I.B.M. and Oracle Systems, helped drive the stock market up yesterday in extremely heavy trading. The Dow Jones industrial average rose 53.83 points, to 3,652.54, and the broader Standard &
Stock prices
Stock prices continued their downward trend Monday, with the Dow Jones industrial average plummeting 35.40 points to 3626.07 as the Federal Reserve announced its third credit tightening in three months. The trading day was marked by a sharp increase in declines over advances, with 1,233 issues falling
Stock prices
The New York market ended yesterday with a modest decline, while Toronto finished lower in thin trading. The technology group was a major contributor to the losses, with several prominent companies in the sector experiencing significant declines. Key Takeaways: * The Toronto Stock Exchange 300-stock index eased 7.59 points to
Stock prices
The New York Stock Exchange (NYSE) traded narrowly mixed on Monday, with investors exercising caution ahead of this week's inflation news. Despite early gains, the Dow Jones industrial average retreated, and bond weakness continued to weigh on the market. The Labor Department's upcoming reports on producer
