Various stock future indexes increased on the first trading day of the new year, signaling to some that brighter days are ahead as the nation continues emerging from an economic recession, according to Bloomberg. The Dow Jones Industrial Average climbed 14 points while the Standard & Poor 500 increased 0.50 points and the NASDAQ 100… Read more.
As President Barack Obama appeared prepared to push forward a compromise on the expiring Bush-era tax cuts and the federal government sold its $10.5 billion stake in Citigroup, stock index futures around the globe posted solid gains. Increased confidence in the labor markets, as measured by Milwaukee's temporary worker provider Manpower, Inc., also played a… Read more.
Stock index futures across Europe, the Americas and Asia varied widely on Monday, as traders in different nations assessed the impact of potential further bailouts in the European Union. On a less macroeconomic level, online spending slipped after a record-setting $1.028 billion haul on Cyber Monday and several subsequent days above $850 million, according to… Read more.
The latest figures from the United States Department of Labor battered investor sentiment on Friday, as the unemployment rate actually rose slightly to 9.8 percent, with a total of 15.1 million unemployed persons according to the headline "U-3" unemployment figure. Weekly hours stayed basically flat at an average 34.3 hours per week for all private… Read more.
The prices of crude oil futures rose today, hitting their highest level in two years. On the Intercontinental Exchange, a volatile trading session saw West Texas Intermediate light, sweet crude oil futures for January 2011 delivery close at $86.75 per barrel, after briefly rising above $87 per barrel. ICE Brent crude oil futures settled at… Read more.
December began with a bit of Christmas cheer for the financial world – better-than-expected Black Friday and Cyber Monday sales and rising employment figures stoked some optimism about the pace of the economic recovery. The November 2010 ADP employment report showed that private-sector employment rose 93,000 from October to November, the tenth consecutive month of gains… Read more.
Equities markets pulled back as the month came to a close on Tuesday, driven by renewed bond worries, falling home values and some negative corporate news. The S&P/Case-Shiller index of home prices rose just 0.6 percent from September 2009 to September 2010, the smallest increase since January. Perhaps the most salient point was the European… Read more.
Global stock indexes took a hit on Monday, as the continuing struggles of eurozone debtors to get their houses in order outweighed optimistic sentiment from a busy shopping season in the United States. The good news revolved around Black Friday – between Thanksgiving and Sunday, November 28, 212 million shoppers made purchases, with average per-person… Read more.
After data from the Department of Labor showed that the advance number of seasonally adjusted unemployment claims came in at 407,000, down from last week's revised figure of 440,000, U.S. stock index futures reacted positively. In the U.S., Dow Jones Industrial Average index futures rose 64 points to 11,078 at 9:14 a.m. EST, while S&P… Read more.
General Motors made its return to the New York Stock Exchange today, with a total offering that may exceed $23 billion once preferred shares and overallotments are distributed. The total sale may thus surpass the the initial public offering of Agricultural Bank of China, which raised $22.1 billion in history's single largest common stock IPO.… Read more.