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U.S. Treasury debt prices eased for a fourth day on Tuesday as investors pushed to undermine prices amid sales of $99 billion of U.S. government notes this week. » Read More |
Prices for U.S. Treasurys fell on Thursday as signs of life in the euro zone economy renewed recent bearishness, although a strong sale of 30-year debt tempered losses. » Read More |
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Investors welcomed news that the U.S. economy added 157,000 jobs last month, sending the Dow above 14,000 for the first time since 2007.
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European shares inched up on Friday, as investors took advantage of the past two sessions' losses to snap up equities more cheaply, reassured by a run of solid data from China, Europe and the United States.
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The Dow Jones Industrial Average hit 14,000 for the first time since 2007, but where the blue-chip average goes from here is far from certain. The market needs the Fed to continue its bond-buying program, but eventually it will need to break free from that support if the gains are to be sustained.
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In a positive sign for the economy, a new report showed that the pace of growth in the U.S. manufacturing sector picked up while a separate report showed that construction spending rose last month.
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U.S. consumer sentiment unexpectedly improved in January as Americans felt Washington's deal to avert the "fiscal cliff" at the beginning of the year boded well for the economy, a new survey showed.
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Pfizer's animal health subsidiary Zoetis raised $2.2 billion in its public offering on Thursday, becoming the largest IPO from a U.S. company since Facebook.
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Payrolls rose 157,000 while the unemployment rate edged higher to 7.9 percent, news unlikely to alter the Fed's monetary policy.
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Exxon Mobil, the world's largest publicly traded oil company, reported a higher-than-expected 6 percent increase in quarterly profit Friday on stronger results at its chemical and refining businesses. But oil and gas production fell.
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French bank Credit Agricole warned on Friday that its fourth quarter results would be battered by 3.8 billion euros ($5.16 billion) in charges as the French bank reels from ill-timed acquisitions from before the 2008 financial crisis.
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China's official purchasing managers' index (PMI) eased to 50.4 in January, the National Bureau of Statistics said on Friday, missing market expectations and underscoring that the economy is making only a mild recovery from its weakest year since 1999.
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Asian shares wiped earlier gains on Friday as a tepid Chinese manufacturing report dented sentiment, leaving investors on tenterhooks ahead of U.S. nonfarm payroll data due later in the day.
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Stocks fell, as a batch of disappointing corporate earnings and a rise in first time jobless claims eventually overtook investors' impulse to buy.
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The Democratic-led Senate on Thursday approved must-do legislation to permit the government to borrow hundreds of billions of dollars more to meet its obligations, putting off one Washington showdown even as others loom in coming weeks.
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The pace of business activity in the U.S. Midwest picked up from a more than three-year low the month before as new orders jumped, a report showed on Thursday.
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European shares pared some of the losses on Thursday, after a series of earnings across the continent weighed on market sentiment.
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The number of Americans seeking unemployment aid rose sharply last week but remained at a level consistent with moderate hiring, while income surged much higher than expected and spending inched higher as well.
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The Department of Justice plans to sue to block Anheuser-InBev's proposed purchase of the rest of the Mexican brewer Grupo Modelo, a move that jeopardizes Constellation Brands' plans to fully acquire Crown Imports.
