Stocks mixed as investors work through jobs report
2012-12-07 21:15:38 UTC
NEW YORK (AP) — The stock market wasn't sure what to make of the government's latest jobs report.
The government reported Friday morning that the U.S. added jobs in November, and stock index futures shot higher in pre-market trading. Then, as traders dived into the details of the repor...
Stocks gain, led by banks; Apple holds down Nasdaq
2012-12-05 21:08:28 UTC
NEW YORK (AP) — Stocks were higher on Wall Street Wednesday as gains for financial companies and optimism about the Chinese economy offset news that U.S. business added fewer jobs last month.
The Dow Jones industrial average rose 113 points to 13,065 as of 12:32 p.m. EST. The Standard and Poor...
Oil closes lower as 'cliff' negotiations drag on
2012-12-04 20:35:46 UTC
NEW YORK (AP) — Worries over the looming "fiscal cliff" and the health of the U.S. economy drove oil prices lower Tuesday.
U.S. lawmakers have less than a month to reach a compromise to avoid a series of sharp tax increases and spending cuts that take effect in January. Proposals from the ...
Oil prices fall as Israel-Hamas truce holds
2012-11-26 08:06:45 UTC
BANGKOK (AP) — The price of oil fell Monday as a truce between Israel and the militant group Hamas that stopped fighting in the Gaza Strip appeared to hold despite a confrontation late last week.
Benchmark oil for January delivery was down 33 cents to $87.95 per barrel at midday Bangkok ti...
Egypt's stock market tumbles after Morsi's decree
2012-11-25 17:46:03 UTC
CAIRO (AP) — Egypt's benchmark stock index on Sunday plunged by more than 9.5 percent in the first trading session since the country's Islamist president issued decrees to assume sweeping new powers, while police in central Cairo fired tear gas at protesters who accuse the Egyptian leader of a bl...
Oil rises in Asia as China manufacturing improves
2012-11-22 07:28:25 UTC
BANGKOK (AP) — The price of oil rose Thursday after preliminary data showed China's manufacturing activity expanded for the first time in 13 months, a positive sign for the global economy.
Benchmark crude for January delivery was up 17 cents to $87.55 per barrel at midday Bangkok time in elect...
Asia stocks fall after Greece aid delayed
2012-11-21 06:24:01 UTC
BANGKOK (AP) — Asian stock markets were mostly lower Wednesday, shedding morning gains after European Union officials failed to release a loan payment to debt-mired Greece and postposed further action until next week.
European finance ministers adjourned a meeting in Brussels without granting ...
Oil rises as US leaders talk about fiscal cliff
2012-11-14 10:42:29 UTC
BANGKOK (AP) — Oil prices rose Wednesday as President Barack Obama pushed ahead with talks to try to resolve the impending "fiscal cliff" that could derail the fragile recovery in the world's No. 1 economy.
Benchmark oil for December delivery was up 57 cents to $85.95 per barrel at late aftern...
Oil falls as IEA predicts demand growth will slow
2012-11-13 22:13:51 UTC
NEW YORK (AP) — The price of oil fell slightly Tuesday after the International Energy Agency predicted demand will grow at a slower pace into next year because of the sluggish global economy.
Benchmark oil dropped 19 cents to end at $85.38 per barrel in New York. Brent crude, which is used to ...
World stocks mixed as US faces fiscal crunch
2012-11-08 09:15:12 UTC
BANGKOK (AP) — Asian stock markets tumbled Thursday after a ratings agency threatened to downgrade the U.S. if a solution to the so-called fiscal cliff isn't found. But markets elsewhere turned positive following sharp losses the day before.
European shares were higher in early trading. Britai...
World stocks down, NYSE closes trading floor
2012-10-29 10:59:33 UTC
BANGKOK (AP) — World stock markets fell Monday as a mammoth storm heading toward the eastern U.S. caused the New York Stock Exchange and CME Group to shut trading floors.
Stocks ran out of momentum as traders refrained from bold moves amid global growth woes, while Hurricane Sandy — expected t...
Asian stocks limit losses on China manufacturing
2012-10-24 06:00:55 UTC
BANGKOK (AP) — Asian stock markets were mixed Wednesday following a slew of bleak U.S. corporate results, but losses were cushioned by a report suggesting China's manufacturing slump may be bottoming out.
HSBC Corp. said its monthly purchasing managers' index rose to 49.1 points in October fro...
Oil price rises on Chinese manufacturing survey
2012-10-24 05:57:53 UTC
BANGKOK (AP) — The price of oil rose Wednesday after a survey of Chinese manufacturing suggested that a slowdown in the world's second-largest economy might be stabilizing.
Benchmark oil for December delivery was up 79 cents to $87.46 per barrel at midday Bangkok time in electronic trading on ...
Stocks sink as DuPont, Xerox, 3M scare investors
2012-10-24 03:06:29 UTC
NEW YORK (AP) — Nobody was expecting this round of corporate financial reports to be great. But underwhelming results — particularly revenue, which offers a read on the economy — are still rattling investors.
The Dow Jones industrial average plunged Tuesday to its lowest level in nearly seven ...
Facebook 3Q results show mobile ad growth
2012-10-24 03:02:28 UTC
NEW YORK (AP) — Facebook finally has proof that it can make money from mobile advertising.
As part of Tuesday's third-quarter results, the world's biggest social media company disclosed for the first time that some 14 percent of its ad revenue came from mobile advertising. It started showing a...
Market waits for election; earnings disappoint
2012-10-23 07:32:57 UTC
NEW YORK (AP) — The stock market is waiting for the presidential election as much as anyone.
The U.S. stock market struggled for direction Monday. Stocks waffled between small gains and losses, but by mid-afternoon it seemed they would finish solidly lower. The Dow Jones industrial average fel...
Oil falls below $90; pump prices continue to drop
2012-10-22 16:23:56 UTC
The price of oil is falling Monday, tracking the small declines in U.S. stocks.
Benchmark oil fell 60 cents to $89.45 a barrel in midday trading in New York. The contract fell $2.05 to end at $90.05 per barrel on Friday.
U.S. drivers are finally seeing relief at the gas pump. The na...
Gasoline prices _ finally _ begin to slide
2012-10-18 20:21:17 UTC
NEW YORK (AP) — Gasoline prices have finally begun their seasonal slide.
Better late than never.
The national average retail price has fallen for ten straight days and is now $3.74 per gallon. That's 13 cents below the fall peak of $3.87 reached on Sept. 14, although still higher than e...
Surge in US home construction could lift economy
2012-10-18 08:17:11 UTC
U.S. home construction is making a comeback that could invigorate the economy's still-weak recovery.
Builders last month started construction on single-family houses and apartments at the fastest rate in more than four years, the Commerce Department said Wednesday. And they laid plans to build...
Earnings propel Dow to its biggest jump in a month
2012-10-17 01:01:31 UTC
Inflation is low, earnings are high, investors are happy.
Stocks shot higher Tuesday, giving the market its biggest gain in a month. Results at Mattel, Goldman Sachs, and Johnson & Johnson were all above expectations.
It was the second day of broad gains following a down week last week. Inv...
US stocks fall, headed for weekly decline
2012-10-13 04:24:46 UTC
Stocks slipped on Friday, putting Wall Street's big indexes on track for their worst week since early June.
Bank and energy stocks led the way lower after investors had a mixed reaction to earnings reports from JPMorgan Chase and Wells Fargo.
In afternoon trading, the Dow Jones industrial a...
Stocks slide, and investors wait for earnings
2012-10-10 03:02:44 UTC
NEW YORK (AP) — Stocks slumped Tuesday on Wall Street after the International Monetary Fund predicted weaker world economic growth and as investors waited for what they expected to be lower corporate earnings.
The Dow Jones industrial average declined 110.12 points, or 0.8 percent, to 13,473...
Asia stocks fall on Spain, US earnings worries
2012-10-10 02:59:52 UTC
BANGKOK (AP) — Worries about Europe's debt crisis, signs of weak global growth and expectations of lower U.S. corporate earnings sent Asian stocks down on Wednesday.
Japan's Nikkei 225 index tumbled 1.7 percent to 8,625.26. Hong Kong's Hang Seng index fell 0.4 percent to 20,850.25. Sou...
Asia stocks down as global growth woes intensify
2012-10-08 08:47:48 UTC
BANGKOK (AP) — Asian stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia.
Investors were also disappointed by falling commodity prices and a mixed finish on Wall Street on Friday despite positive employment news. There was a...
Europe stocks rise, Japan down on dour survey
2012-10-01 10:23:08 UTC
BANGKOK (AP) — European stocks opened higher Monday, hours before Greek officials were to resume negotiations with international lenders who have pledged financial help if the country makes the necessary budget cuts.
Athens needs the lenders to approve a proposed package of spending cuts and t...