For most of August, stocks have managed to shake off geopolitical conflicts from Ukraine to Gaza and Iraq. "The market has a good underlying tone," said Mike Levine, portfolio manager of Oppenheimer Equity Income Fund. Even in a quiet day of trading ahead of the Labor Day holiday, stocks eked out a gain.
NEW YORK, Aug 25- Global equity markets rallied on Monday, with the U.S. benchmark S&P topping the 2,000 mark for the first time, as expectations grew that the European Central Bank would loosen its monetary policy in a move to boost economic growth.
NEW YORK, Aug 22- Wall Street and other stock markets paused on Friday, halting the week's strong gains, as worsening Ukraine tensions dogged trading, while the dollar rose after Federal Reserve Chair Janet Yellen said policymakers eyeing interest rate hikes need to move cautiously.
NEW YORK, Aug 22- Wall Street and other stock markets paused while the dollar rose on Friday after Federal Reserve Chair Janet Yellen said policymakers eyeing interest rate hikes need to move cautiously, while worsening Ukraine tensions dogged trading.
*Wall Street rebounds on Fed minutes, dollar rallies. NEW YORK, Aug 20- Global equity markets rose on Wednesday after minutes from the Federal Reserve indicated there is no rush to bring forward plans to raise interest rates in the future, reversing earlier declines that were driven by hints from the Bank of England of an early rate hike.
*Apple retakes triple-digit territory, hits $100. NEW YORK, Aug 19- U.S. stocks ended higher for the second straight session on Tuesday, as robust housing data and strong earnings from Dow component Home Depot overshadowed lingering concerns about the conflict in Ukraine.
Furthermore, the solid activity reported in new construction and by Home Depot Inc in its quarterly report on Tuesday may in part be due to activity delayed by bad weather in the first quarter.
NEW YORK, Aug 15- As headlines about an apparent escalation of the conflict in eastern Ukraine hit traders' screens, selling was the word on Wall Street. Treasury yields hit their lowest in 14 months on Friday after Ukraine said its forces had attacked and partly destroyed a Russian armored column that entered Ukrainian territory overnight.
*Wall Street up after claims data. NEW YORK, Aug 7- European shares and the euro fell on Thursday and investors retreated to safe-haven government debt after a stronger-than-expected move by Russia to ban certain imports from Europe and the United States. Wall Street was higher in early trading after better-than-expected figures on weekly jobless claims.
NEW YORK, Aug 7- U.S. stocks rose at the open on Thursday following upbeat labor market data, amid a backdrop of a sanctions confrontation between Russia and the West that highlighted the relative strength of the U.S. economy.
WASHINGTON, July 23- U.S. regulators adopted moderate reforms for money market mutual funds on Wednesday, in what amounted to a compromise that aims to balance the need to reduce the risk of runs on the funds while still protecting the product's utility for investors.
The reform will impact a wide variety of asset managers, from Blackrock Inc, Fidelity and Vanguard to Charles Schwab Corp, Pimco and Federated Investors Inc.. The two-pronged reform for the $2.6 trillion industry comes after a long battle between the SEC, the industry and federal banking regulators.
NEW YORK, July 14- Global equity markets rose on Monday, lifted by Citigroup's earnings and as investors put aside concerns about euro zone banks, while the dollar was little changed ahead of congressional testimony from the chair of the U.S.
NEW YORK, July 11- Major global equities markets edged higher and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank ebbed, while oil prices dropped on easing concern about supply losses in the Middle East.
*Wells Fargo falls, more banks' earnings due next week. Shares of Wells Fargo& Co., down 0.5 percent at $51.54, were in the spotlight as the biggest U.S. mortgage lender was the first major U.S. bank to report earnings. Wells Fargo's results will be followed next week by earnings from Citigroup, Goldman Sachs, JPMorgan Chase and Bank of America.
NEW YORK, July 11- Major global equities markets steadied and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank ebbed, while oil prices dropped on easing concern about supply losses in the Middle East.
NEW YORK, July 11- Major global equities markets steadied and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank eased.
*Wells Fargo falls, but revenue tops forecasts. Wells Fargo& Co reported revenue that beat expectations, though for the first time since 2009, the bank did not increase its earnings-per-share from the preceding quarter. Fastenal Co slumped 4.6 percent to $45.92 after revenue missed expectations.
*MSCI's world index hits fresh peak, as do Dow, S&P 500. MSCI's all-country world index, which covers about 85 percent of potential global stock investments, rose 0.22 percent to a record high. Jacob Oubina, senior U.S. economist at RBC Capital Markets in New York, called the Labor Department report "extremely bullish" as nonfarm payrolls increased by 288,000 jobs.
NEW YORK, June 26- U.S. healthcare companies are winning higher profit forecasts, bucking a wider trend on Wall Street, as pricey new biotech drugs hit the market and insurance enrollment rises under the Affordable Care Act.