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US jobless figures hit stock markets

Storey Link: US jobless figures hit stock markets

An announcement by the US government that the number of jobless was up over the last week has caused stocks to fall. According to the Labor Department, the number of unemployed has risen by 4,000. Experts are worried that this will mean job growth for August has slowed down compared to last month. The Dow Jones dropped 74 points on the...

NYSE investigates irregular trading

Storey Link: NYSE investigates irregular trading

A sharp swing in stock prices has caused the New York Stock Exchange to investigate a spate of irregular trading. Stocks in 140 companies were being traded at higher than normal volumes including American Airlines and Citigroup. However, trades have only been cancelled in six stocks. The abnormal trading has brought back memories of the...

USA may be place to invest suggests survey

Storey Link: USA may be place to invest suggests survey

According to a recent survey, advisers have expressed more optimism about stock markets in the US than in Canada , while showing and more concerned over a major downturn in the Chinese market than in the eurozone. The insurer and wealth management firm, which is based in Toronto, found that 78% of nearly 500 advisers surveyed expressed...

Shares drop with Greece uncertainty

Storey Link: Shares drop with Greece uncertainty

As reported by the BBC, stocks have fallen around the globe as Greece's sustained political uncertainty challenges investor confidence. Still struggling to create a coalition government, Greece is faced with the threat of holding new elections, as EU leaders convened in Brussels. Luxembourg PM Jean-Claude Juncker said that Greece outside...

Apple drops on Nasdaq

Storey Link: Apple drops on Nasdaq

As reported by Business Week, although Apple had been propelling the Nasdaq forward for most of the year, it has been doing just the opposite during the past few days. The Nasdaq composite index, in which Apple accounts for 12%, was down on Monday afternoon, and dragged lower by the company’s fifth straight day of regression. This was a...

Stock market sees month worst loss

Storey Link: Stock market sees month worst loss

As reported by the San Francisco Chronicle, European debt worsened again as a worry over Wall Street drove stocks to their biggest loss in a month. The Dow Jones industrial lost 125 points, while the price of gold plummeted to its lowest since January. This is the second time in 2012 the Dow has seen a triple-digit decline, with the average...

Stock market sees strongest 1st quarter in 14 years

Storey Link: Stock market sees strongest 1st quarter in 14 years

As reported by The Advertiser, the stock market has just seen its best first quarter performance in 14 years. The optimistic figures have sent Wall Street analysts, many of whose predictions seemed too sunny about three months ago, hurrying to raise their approximations for the year. Robert Doll, who is chief equity investment manager with...

Stock market mixed reaction on Greece bailout

Storey Link: Stock market mixed reaction on Greece bailout

As reported by the BBC, financial markets have shown a mixed reaction on the announcement of another bailout package for Greece. New York’s Dow Jones briefly exceeded the 13,000 mark before ending nearly flat, while markets in Frankfurt, London and Paris all dropped slightly. The euro was changed very little from Monday's ending price....

Stock markets down as Athens debt talks falter

Storey Link: Stock markets down as Athens debt talks falter

Stock markets have fallen while eurozone finance ministers carry on putting further pressure on Greece's private creditors, who they want to accept lower interest rates on the loans they have made to Athens. BBC News reported that British and French share indexes ended up closing lower yesterday, while Wall Street dropped on opening....