Sears Results: Loss of $1.29 a Share, $8.45 Billion Revenue vs. Expectations of 60-Cent Loss, $8.37 Billion Revenue
Ben Bernanke
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Gold settled higher as the dollar remained under pressure and as a senior Federal Reserve official said the central bank is in no hurry to start winding down its economic stimulus.
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NEW YORK, May 23- U.S. stocks slipped on Thursday but finished sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.
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*Japan, Europe tumble after weak data from China, euro zone. U.S. shares ended mildly lower after a volatile session, bucking the trend of overseas indexes, which fell sharply as weak data in Europe and China underlined the uncertain growth outlook.
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China's factory activity shrank for the first time in seven months in May, a survey showed, deepening fears that China's economic recovery has stalled and a sharper cooldown may be imminent.
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That seems to have ended rather abruptly in the 24 hours beginning with the Bank of Japan's disappointing response to bond market volatility on Thursday and including Ben Bernanke's anodyne but market-roiling comments on Wednesday on the possibility of a policy taper.
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*U.S. equities recoup earlier losses, supporting oil. NEW YORK, May 23- Brent crude oil prices retraced earlier losses after falling to a three-week low on Thursday in a broader commodities selloff, riding the coattails of a late turnaround in U.S. equities to end flat.
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Gold settled higher as the dollar remained under pressure and as a senior Federal Reserve official said the central bank is in no hurry to start winding down its economic stimulus.
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NEW YORK, May 23- U.S. stocks edged down on Thursday but rebounded sharply from their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.
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*Prices gain after solid demand for $13 bln TIPS sale. NEW YORK, May 23- U.S. The bond market was on another rollercoaster ride on heavy volume, a day after remarks by Federal Reserve Chairman Ben Bernanke about the U.S. central bank's bond purchase program prompted a massive selloff in Treasuries.
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*Japan, Europe tumble after weak data from China, euro zone. Overseas shares ended sharply lower, closing before U.S. equities staged a late-day recovery, pressured as weak data in Europe and China underlined the uncertain growth outlook.
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China's factory activity shrank for the first time in seven months in May, a survey showed, deepening fears that China's economic recovery has stalled and a sharper cool down may be imminent..
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NEW YORK, May 23- U.S. stocks mostly edged lower on Thursday but were sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.
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NEW YORK, May 23- Oil prices pared losses after falling to a three-week low on Thursday in a broader commodities selloff, supported as selling in U.S. equities tapered off on the back of encouraging domestic economic data.
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*Japan, Europe tumble after weak data from China, euro zone. NEW YORK, May 23- Stock markets around the world fell on Thursday, extending the previous day's steep decline on concerns over the pace of global economic growth and when the U.S.
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*Japan, Europe tumble after weak data from China, euro zone. European shares ended down 2 percent while Japan plummeted 7.2 percent on weak data from China and Europe.
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NEW YORK, May 23- U.S. stocks slipped on Thursday, recovering from session lows as encouraging domestic economic data and a rally in Hewlett-Packard's shares offset concerns about the timing of any reduction in the Federal Reserve's monetary stimulus.
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WASHINGTON, May 23- The number of Americans filing new claims for unemployment benefits fell last week, pointing to resilience in the labor market despite belt-tightening by Washington. Outside that, there is going to be little support to growth, "said Ryan Sweet, a senior economist at Moody's Analytics in West Chester, Pennsylvania.
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NEW YORK, May 23- Investors' hair-trigger reaction to Federal Reserve Chairman Ben Bernanke's testimony on Wednesday marks a delicate new policy phase for the U.S. central bank in which communication is paramount.
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May 23- On Wednesday in Washington, Federal Reserve Chairman Ben Bernanke presented congressional testimony that repeated, virtually word for word, statements about U.S. monetary policy he has been making since last September. The speculation spread to Tokyo Thursday.
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NEW YORK, May 23- U.S. The bond market was on another roller-coaster ride on heavy volume, a day after remarks by Federal Reserve Chairman Ben Bernanke about the U.S. central bank's bond purchase program prompted a massive sell-off in Treasuries.
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NEW YORK, May 23- The yen broke recent trends and jumped against the dollar and the euro on Thursday after a slide in stocks sparked by a drop in Chinese factory activity prompted a rush for the safe-haven Japanese currency.