Blue chips fight back
Stocks managed a comeback Thursday, with blue chips leading the recovery at the end of a choppy session in which investors weighed a stronger-than-expected read on fourth-quarter growth with a 3 percent spike in oil prices.
Stocks slide as Fed chief testifies on inflation; durable goods report falls short
NEW YORK | Stocks fell Wednesday after Federal Reserve Chairman Ben Bernanke chided investors who may have looked past long-standing concerns about inflation after recent comments from the central bank. The Dow Jones industrials fell nearly 100 points, their third straight session of declines.
Stocks End Mixed on Last Day of Quarter
Stocks rose, dropped and then recovered Friday — just as they did over the course of the first quarter, as Wall Street showed nervousness about rising inflation and dollar weakness but took solace in resilient consumer spending and slow but steady economic growth.
Dow, Nasdaq post gains in early trading
Stocks opened slightly higher Friday, the last trading day of the first quarter, as investors were encouraged by a report showing consumers spent more as their incomes rose in February but wary about data indicating that core inflation rose that month at the fastest rate since August.
Higher oil prices offset economy report
The Commerce Department’s final measure of fourth-quarter gross domestic product, which showed growth of 2.5 percent, could help quell concerns that economic growth is slowing too quickly.
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Dollar Up, Gold Mixed in Europe Trading
The U.S. dollar was higher against most other major currencies in European trading Friday. Gold prices were mixed. The euro traded at US$1.3305, down from US$1.3336 late Thursday.
Canadian Computer Stocks Retreat; Raw-Materials Shares Advance
March 20 (Bloomberg) — Canadian stocks were little changed as computer-related shares including Research In Motion Ltd. declined, canceling out advances in raw-materials producers such as Kinross Gold Corp.
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Thieves make off with gold block from Japan museum
Three masked men on Sunday snatched a block of gold bullion valued at roughly $1.71 million (880,600 pounds) from a Japanese museum that allowed visitors to touch the 100 kg piece.
Yen falls ahead of Japanese interest rate decision
The euro and the dollar rose against the yen on Monday ahead of a Bank of Japan policy meeting that was expected to end with no change to the country’s ultra-low interest rates.
Gold futures gain, tally 3-session win of more than $12
SAN FRANCISCO (MarketWatch) — Gold futures posted a small gain Monday, taking their three-session win to almost $12 an ounce as traders eyed upcoming U.S. economic data as well as a decision by the Federal Reserve on interest rates due later this week.
Canadian Stocks Rally on Takeover, Rate and Tax Cut Speculation
March 19 (Bloomberg) — Canadian stocks rose, led by energy companies, on speculation that there will be more takeovers in the industry after the shares declined last week.
Europe Day Ahead: Subprime Loan Meltdown Spreads; Stocks Rise
March 22 (Bloomberg) — The subprime loan meltdown spreads, Asian stocks rise, the Federal Reserve gets “wiggle room,'’ Scott Glasser turns Legg Mason Partners Dividend Strategy Fund into a leader, the oil price advances.
Central Gold-Trust Enters Underwriting Agreement
TORONTO, ONTARIO– - Central Gold-Trust of Ancaster, Ontario announced today that it has entered into an agreement with CIBC World Markets Inc. and Sprott Securities Inc. under which the underwriters have agreed to buy and sell to the public, in Canada and in the United States under the multijurisdictional disclosure system, 600,000 Units of Gold-Trust.