While you were sleeping: Oil weighs on Dow
By Margreet Dietz Jan. 10 (BusinessDesk) - The Dow and S&P 500 fell from record highs as energy stocks moved lower with the price of oil, while the Nasdaq hit a fresh high and US Treasuries strengthened. Wall Street was mixed In 1.20pm trading in New York, the Dow Jones In...
While you were sleeping: Mood turns sour
By Margreet Dietz Jan. 6 (BusinessDesk) - The US dollar dropped while Treasuries climbed as investors reassessed the Federal Reserve’s appetite for interest rate increases. Minutes of the Fed's December meeting, released on Wednesday, weighed on the greenback. “Fed offic...
While you were sleeping: GM, Ford stocks rally
By Margreet Dietz Jan. 5 (BusinessDesk) - Shares of US car makers including General Motors climbed as their latest monthly sales beat expectations, bolstering optimism about the outlook. Shares of General Motors rallied, trading 5.3 percent stronger as of 1.17pm in New York...
While you were sleeping: Stocks, greenback climb
By Margreet Dietz Jan. 4 (BusinessDesk) - Wall Street and the US dollar advanced as better-than-expected manufacturing data underpinned optimism about the outlook. An Institute for Supply Management report showed its index of national factory activity climbed to 54.7 last m...
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