Investors laid aside some of their economic fears and went shopping among riskier assets like equities. The Dow jumped 130 points. TheS&P 500 gained 15 and the Nasdaq up 42. Investors took comfort as oil broke a five-day streak of record highs. The sharp pullback was tied to the dollar, which came close to a two-month high against the euro. Crude fell by almost $2 to $124.23 a barrel. But it was more than just lower oil prices that inspired the bulls. Research in Motion has a new high-end smartphone that caught investor attention. Wall Street is betting the so-called Blackberry Bold, fitted with high-speed Internet capabilities, and a host of other bells and whistles, can take-on the popular Apple iPhone. U.S. listed shares of Research in Motion jumped to an all-time high. Apple was up almost 2.6 percent. Hewlett-Packard was a further boost to tech sentiment. HP is in talks to buy EDS for as much as $13 billion, according to a source familiar with the matter. HP confirmed the...
The apparent lack of a pan-European approach to the financial crisis hit shares sharply in afternoon trade. The FTSEurofirst 300 was down over 7 percent, the lowest level in four years and things...
Lawmakers may have authorized the U.S. Treasury to spend up to $700 billion to buy bad mortgage loans - but Wall Street is still on edge. For the first time in 5-years the Dow Jones blue chip...
Asia stocks ended the week on a high note with investors soothed by signs of bigger than expected economic growth figures in the United States. Exporters such as Toyota were among the top gainers....
Asia stocks largely gained on Thursday with investors gaining confidence following solid business spending data out of the United States. Japan's Nikkei rose 3 percent (14,124) its best daily gain...
A bleak day for Asian investors with both stocks and the dollar tumbling on fears of a global credit squeeze. News that U.S. bank JPMorgan Chase stepped in to buy ailing peer Bear Stearns sparked...
Asia stocks fell on Friday with inflation worries magnified by record high oil prices and slowing economic growth. News that Japan's annual inflation rate rose to a decade high also unnerved...
Asia stocks dropped for a fourth consecutive session on Wednesday with sky high oil prices and inflation woes punishing markets across the region. Japan's Nikkei fell 1.3 percent (13,286 ) with...
Asia stocks slid on Monday with investors worried about rising inflation and sluggish U.S. economic growth. Japan's benchmark Nikkei fell 2.3 percent (13,690) its biggest fall in six weeks....
Euro zone inflation slowed in April boosting the case for eventual ECB rate cuts. Consumer prices in the 15 countries using the euro rose 3.3 percent year-on-year in April, down from a record of...
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