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Stocks rose for a sixth straight dayas investors cheered a pair of solid manufacturing reports and shrugged off a jump in jobless claims.
Stocks rose Thursday in mid-afternoon trading, following a five-day winning streak as investors digested a jump in jobless claims against a pair of solid manufacturing reports.
Stocks opened lower Thursday after a report showed initial claims for unemployment benfits rose unexpectedly for the second straight week.
U.S. stock index futures pointed to a lower open Thursday after Dow Jones Industrial Average, S&P 500 and Nasdaq hit multi-year highs in the previous session.
Chinese stocks could be set for a strong rally in the wake of better-than-expected economic growth data out of the country, but the Dow hasn't run out of steam yet, Daryl Guppy, CEO of Guppytraders.com, told CNBC Thursday.
The Chinese economy's surprisingly strong 11.9 percent growth reinforces the belief that tighter monetary policy is on its way for the world’s most populous nation. But inflation eased a little bit so tightening may be a way off.
Looking over the list of losers in the S&P 500 this year, Google stands out because it is one of — if not "the" — most-loved stocks on Wall Street. Thirty analysts recommend buying the stock, while just four put a "hold" rating (basically the "sell" equivalent) on the shares. Only one analyst recommends selling Google outright.
A day ahead of Google's earnings, there was this bizarre development from its Chinese rival: Baidu is now trading at over 100 times this year's earnings.
Greece easily sold a bunch of short term bills Tuesday morning with demand far exceeding the supply. An originally planned sale of 1.2 billion Euros in 6 and 12 month bills was expanded to 1.56 billion Euros. The yields were so high, however, as to be painful.
Investors looking to benefit from emerging market growth should buy German export stocks, Matthias Born, portfolio manager at Allianz Global Investors, told CNBC Wednesday.
Investors will be watching earnings from tech bellwether Google spacer to see how technology spending is rebounding. And many will make note of the noise surrounding the recent drama in China and how this will affect current and future earnings as Google stands up to Chinese censorship.
The U.S. dollar's strength appears to be waning as the focus turns from Europe's debt worries to China's possible appreciation of its currency, Chris Zwermann, global strategist and technical analyst at Zwermann Financial said Tuesday.
The Chinese yuan rose to its highest close in six months against the dollar as traders fretted over a possible yuan revaluation over the weekend. Who benefits from the revaluation—if it happens? Jim Oberweis, editor of The Oberweis Report, shared his insights.
The two sides exchanged views on U.S.-China economic relations, the global economic situation and issues relating to the upcoming economic track dialogue of the second U.S.-China Strategic and Economic Dialogue, to be held in Beijing in late May.
Stock markets around the world will continue to gain, Daryl Guppy, CEO of Guppytraders.com, told CNBC on Thursday.
Talks between U.S. Treasury Secretary Timothy Geithner and Chinese officials will simply be palliative, said Andrew Freris, senior investment strategist, Asia at BNP Paribas Wealth Management.
Emerging markets still will provide value to investors but not necessarily through their stock markets, strategists at Barclays Wealth Management said Wednesday.
Turning the tables on a China-based computer espionage gang, Canadian and United States computer security researchers have monitored a spying operation for the past eight months, observing while the intruders pilfered classified and restricted documents from the highest levels of the Indian Defense Ministry.
Here’s another solution that involves neither erecting trade barriers nor asking the Chinese to revalue their currency: cut US corporate taxes.
Seeking to lower the temperature in U.S.-China relations, Secretary Tim Geithner announced over the weekend that he would delay sending to Congress Treasury's biannual mandated currency manipulation report.