Tag Archives: Street

Dalal Street week ahead: Market likely to remain choppy; protect profit on every rise

The week gone by remained as flat as it could get. In our previous weekly note, we had projected the market to remain volatile with the 11,760 level providing stiff resistance to any rally. On those projected lines, the market remained volatile, headed nowhere and continued to face resistance at the 11,760 level before finally ended the week flat with ... Read More »

World stocks end low; Wall Street ekes out 7-day winning streak

Wall Street saw another strong day for consumer stocks, offset by weakness in healthcare and real estate shares. File Photo Analysts say there was caution in the markets ahead of a meeting of leaders from the world’s richest economies. NEW YORK, MAY 26:   Oil prices recovered on Friday from some of the previous day’s steep slide after investor disappointment that ... Read More »

Stocks close lower as Wall Street braces for French election, but post weekly gains

U.S. stocks closed lower in choppy trade Friday as investors looked ahead to the French election. Wall Street also digested falling oil prices and comments from the Trump administration on tax reform. The Dow Jones industrial average fell about 30 points with IBM contributing the most losses. The index briefly turned positive in afternoon trade after President Donald Trump told ... Read More »

Wall Street steady despite rate rise fears

US stocks stemmed their losses amid jitters on global markets that the Federal Reserve could raise US interest rates as soon as next week. In early trading in New York, the S&P was flat at 2,128.52 and the Nasdaq was also little changed at 5,124.23. The Dow Jones dipped 0.2% to 18,055.25. The three indexes fell by about 2% on ... Read More »

Bank branch closures trigger high street alarm bells

When the shutters come down on the Barclays branch in Bexley in a fortnight’s time, the south-east London suburb will be left without a high street bank. Nine customers used the branch “regularly” over the last 12 months without interacting with the bank in any other way, Barclays told locals as it prepared for the closure, which was delayed by ... Read More »

Wall Street slips as solid data raises prospect of rate hike

Wall Street opened lower on Tuesday as data showed U.S. consumer prices recorded their biggest increase in more than three years in April, raising the chances of an interest rate hike this year. The Labor Department said the Consumer Price Index increased 0.4 percent last month, the largest gain since February 2013, after rising 0.1 percent in March. That took ... Read More »

Wall Street opens higher as oil prices boost energy shares

Wall Street opened higher on Tuesday, tracking global equities, as investors’ appetite for risk increased and as oil prices rose, boosting energy shares. Oil was up about 1.5 percent, driven by supply disruptions in Canada and elsewhere that have knocked out 2.5 million barrels of daily production and overshadowed fears of oversupply. World stock markets also rose, helped by solid ... Read More »

Wall Street recovers as Facebook, M&A cushion BOJ shock

The Nasdaq rose on Tuesday as strong results from Facebook and a flurry of dealmaking helped offset the impact of the Bank of Japan’s surprising decision to hold off from expanding monetary stimulus. The Dow, however, remained lower as IBM and Home Depot fell about 1 percent. Facebook jumped as much as 10.9 percent to a record of $120.79, a ... Read More »

Wall Street dips as oil falls, China data disappoints

Wall Street was lower on Tuesday as oil prices slipped and weak Chinese data rekindled fears of a global economic slowdown led by the world’s second-biggest economy. China’s February trade performance was far worse than economists had expected, with exports tumbling the most in over six years. The report weighed on markets worldwide. U.S. crude fell nearly 3 percent, while ... Read More »

Wall Street higher as manufacturing activity rebounds

Wall Street was slightly higher in choppy trading on Thursday morning as data showed an uptick in US manufacturing activity, but gains were limited by a drop in oil prices. Orders for durable goods rose 4.9 per cent in January, beating the 2.5 per cent estimated, as demand picked up across the board. Crude prices, the major stock market driver ... Read More »