Stocks rally after surprisingly strong growth in U.S. and Chinese manufacturing

NEW YORK (AP) — Stocks jumped Wednesday after surprisingly strong growth in U.S. and Chinese manufacturing allayed some of the worries that had been building over the global economy in recent weeks. The new reports snapped a string of disappointing economic data that sent stocks slumping in August. The Standard & Poor’s 500 Index, theContinue reading “Stocks rally after surprisingly strong growth in U.S. and Chinese manufacturing”

Wall St extends gains, indexes up 1 percent

NEW YORK (Reuters) – Stocks extended gains in choppy action on Friday, led higher by materials and energy shares and comments by Federal Reserve Chairman Ben Bernanke that the Fed was ready to take further steps to help the recovery. * The Dow Jones industrial average (DJI:^DJI – News) rose 120.83 points, or 1.21 percent,Continue reading “Wall St extends gains, indexes up 1 percent”

Market Update – 1:30 pm

1:30 pm : Stocks continue to chop along. Losses remain modest in scope. Meanwhile, Treasuries have started to tick higher. Their modest climb comes as stocks lose luster and results from an auction of 7-year Notes hit newswires. The auction drew a yield of 1.99% and a bid-to-cover of 2.98, which is above recent averages. IndirectContinue reading “Market Update – 1:30 pm”

Ten Year Bond Ends on a Down

CBOE Interest Rate 10-Year T-No (Chicago Options: ^TNX) Index Value:      2.94 Trade Time:        2:59PM EDT Change:               Down 0.39 (13.10%) Prev Close:         2.98 Open:   2.98 Day’s Range:      2.92 – 3.01 52wk Range:      2.88 – 4.01

Wall St drops 1 percent after data stirs deflation worry

NEW YORK (Reuters) – U.S. stocks fell on Thursday on anemic economic data that overshadowed solid earnings results from banking bellwether JPMorgan Chase & Co (NYSE:JPM – News). An unexpected fall in factory activity and a third straight month of decline in producer prices raised concerns about deflation, cooling investors’ enthusiasm about earnings season thatContinue reading “Wall St drops 1 percent after data stirs deflation worry”

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