Dow Jones Industrial Average

Stocks fade on Wall Street, post their first weekly loss in a month

The Canadian PressMay 25, 2013 07:04

NEW YORK, N.Y. - Stocks prices are closing mostly lower on Wall Street, giving the market its first weekly loss in a month. The Dow Jones industrial average edged up eight points to 15,303 Friday, a gain of 0.1 per cent. The Dow was supported by a big gain in Procter The Standard The market had its first weekly loss in five weeks. Anxiety over the Federal Reserve's bond-buying program was the main culprit. The Nasdaq composite fell a fraction to 3,459. Procter More stocks fell than rose on the New York Stock Exchange.

Asian markets mixed in volatile trade

Agence France-PresseMay 24, 2013 07:15

Asian markets were mixed Friday in rollercoaster trade after routs sparked in part by fears of tighter US monetary policy, with Tokyo ending higher a day after suffering its worst drop since the March 2011 quake-tsunami disaster. Regional markets swung wildly after falling Thursday on weak Chinese data and indications from US Federal Reserve chief Ben Bernanke that the Fed could start reducing its $85 billion-a-month bond-buying programme at one of the next few meetings.

Tokyo stocks tumble in afternoon trade

Agence France-PresseMay 24, 2013 02:01

Tokyo stocks lost their early gains on Friday afternoon as they tumbled back into the red, a day after suffering the worst one-session drop since Japan's March 2011 quake-tsunami disaster. The benchmark Nikkei 225, which on Thursday tumbled 7.3 percent, was down 3.37 percent, or 488.64 points, at 13,995.34 at 0445 GMT, before halving that loss just a few minutes later. The wild market swings erased a brief morning rally that saw the benchmark index surge more than three percent.

Tokyo stocks surge more than three percent

Agence France-PresseMay 23, 2013 21:00

Tokyo stocks surged more than three percent in opening trade on Friday, staging a rebound from the previous day's seven-percent dive. The benchmark Nikkei 225 index, which on Thursday tumbled 7.3 percent, its worst percentage loss since the March 2011 tsunami disaster, gained 3.26 percent, or 472.28 points, to 14,956.26 in the first few minutes of trading. The higher opening came after US shares fell only marginally and the dollar appeared to be stable against the yen.

US stocks sink after global rout

Agence France-PresseMay 23, 2013 19:35

US stocks fell modestly Thursday after the plunge in the Japanese market sparked a selloff throughout Asia and Europe. A little more than an hour into trade, the Dow Jones Industrial Average was down 68.35 points (0.45 percent) to 15,238.82. The broad-based S&P 500 dropped 11.74 (0.71 percent) to 1,643.61, while the tech-rich Nasdaq Composite Index fell 13.91 (0.40 percent) to 3,449.39.

Genivar says ethical lapses have hurt employee morale; unveils growth plan

The Canadian PressMay 23, 2013 17:01

MONTREAL - Genivar has unveiled a strategic plan to more than double its size even as the big consulting engineering firm acknowledged that ethical lapses have undermined employee morale. "Unfortunately, we can't change the past but we can learn and come out of it stronger," CEO Pierre Shoiry told shareholders Thursday at the company's annual meeting. He urged employees, particularly the 2,200 workers in Quebec to "keep their heads high."

TSX, U.S. indexes dip as world markets plunge on Chinese manufacturing data

The Canadian PressMay 23, 2013 10:32

TORONTO - Toronto and U.S. stock markets racked up some losses Thursday amid a contraction in Chinese manufacturing that drove the Japanese market down to levels not seen in more than two years. The S On Wall Street, the Dow Jones industrials average fell 12.67 points to 15,294.50, the S HSBC reported that its preliminary Purchasing Managers Index for China fell to a seven-month low of 49.6 in May from April's 50.4. Analysts had expected a more modest decline to 50.3.

TD Bank second-quarter rises but comes in short of consensus estimates

The Canadian PressMay 23, 2013 07:30

TORONTO - TD Bank Group (TSX:TD) reported a second-quarter profit of more than $1.7 billion and growth in most of its major sectors, including its main Canadian and U.S. banking operations. The bank's overall net income was up two per cent from a year ago at $1.723 billion or $1.78 per share while its adjusted earnings were $1.8 billion, or $1.90 per diluted common share. A year ago, TD earned a profit of $1.69 billion or $1.78 per diluted share and an adjusted profit of $1.74 billion or $1.82 per share. Total revenue was $6 billion, up from $5.75 billion a year ago.

Tokyo plunges more than 7% as Asian markets fall

Agence France-PresseMay 23, 2013 05:37

Asian markets fell Thursday with Tokyo plunging more than seven percent as investors took profits after weak Chinese data and signs the US Federal Reserve could start tapering off its massive stimulus measures. Tokyo dropped in the afternoon after HSBC said manufacturing activity in China contracted in May for the first time in seven months, in another sign of the weakness of recovery in the world's second-largest economy.

US stocks fall as market eyes possible Fed retreat

Agence France-PresseMay 22, 2013 17:15

US stocks Wednesday ended lower following a choppy day of trading as the market weighed exit signals on the Federal Reserve's exceptionally loose monetary policy. The Dow Jones Industrial Average dropped 80.41 (0.52 percent) to 15,307.17. The broad-based S&P 500 gave up 13.81 (0.83 percent) at 1,655.35, while the tech-rich Nasdaq Composite Index sank 38.82 (1.11 percent) to 3,463.30. Stocks had rallied in the morning during the early part of Federal Reserve Chairman Ben Bernanke's highly anticipated testimony to Congress, but then retreated.