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U.S. stocks moved broadly higher in afternoon trading Wednesday as the market bounced back from modest losses a day earlier. The rally drove the Dow Jones industrial average back above 26,000 points and had the Standard & Poor's 500 index on course for a record high close. Technology and health care companies accounted for much of the gains. Financials stocks also rose, even as some big banks fell after reporting hefty quarterly losses.
Stocks rose on Wednesday following the release of stronger-than-expected quarterly results from some of the biggest U.S. companies.
TOKYO (AP) — Global stock markets mostly fell on Wednesday as investors digested big losses at major U.S. banks, while bitcoin also dropped amid fears of greater regulation.
Asian equities stepped back from a record high on Wednesday as the region's resource shares were knocked by falling oil and commodity prices while digital currencies tumbled on worries about tighter regulations. MSCI's broadest index of Asia-Pacific shares outside Japan retreated 0.3 percent from its record high as resource shares declined after oil and other commodities succumbed to profit-taking after recent gains. Japan's Nikkei fell 0.4 percent from its 26-year peak reached the previous day.
The Dow Jones Industrial Average surged above 26000 for the first time Tuesday, but gave up those gains as shares of energy and chemical companies declined.
World stock markets slipped on Tuesday, giving back early gains as Wall Street pulled back from initial highs after a decline in oil and metals dragged energy and materials stocks lower. Wall Street had opened higher, as the Dow breached the 26,000 mark for the first time. The healthcare sector, up 0.46 percent, provided support to the upside, with Merck (MRK.N) up 5.8 percent and UnitedHealth (UNH.N) up 1.9 percent.
The Dow Jones Industrial Average, S&P 500, Nasdaq Composite, Dow Transports and Russell 2000 set fresh all-time intraday highs on Jan. 16.
TOKYO (AP) — Shares were lower in early Asian trading Wednesday after a lackluster session on Wall Street, where the Dow industrial average ended almost flat after backtracking from a broad rally earlier in the day.
Mumbai, Jan 16 (IANS) Breaking a three-day streak of record closing highs, the two key Indian equity indices on Tuesday ended the day in the negative zone with heavy selling pressure in almost all the ...
Asian equity markets on Tuesday found their footing after some initial softness, leaving Hong Kong’s benchmark at a record closing high.
BEIJING (AP) — Asian stock markets were mostly higher Tuesday following a holiday for U.S. markets as investorsed look ahead to American corporate earnings.
The euro shot to a three-year high on Monday as optimism around growth buoyed expectations of tighter monetary policy from European Central Bank, while the chance of a pro-European Union coalition in Germany also boosted confidence in the continent. With the world in general and Europe in particular showing signs of sustained economic growth, global stock benchmarks jumped to new highs, even though investors are now pricing in the withdrawal of central banks' stimulus. The single currency climbed as much as 0.8 percent to $1.22965 at one stage on Monday, a price last seen in December 2014, just before the ECB first announced its government bond purchase programme.
Hong Kong’s stock benchmark declined on Monday and broke a 14-day winning streak, falling alongside Chinese equities after some downbeat domestic data.
SEOUL, South Korea (AP) — Asian stock markets edged higher on Monday after Wall Street's strong finish last week. The U.S. dollar weakened against most major currencies, including the Japanese yen.
Asian stocks looked set to build on a strong start to the year after economic reports and earnings in the U.S. spurred optimism for economic growth.
Masayoshi Son is planning to list the mobile phone unit of his SoftBank Group Corp. in Tokyo and overseas this year, according to the Nikkei newspaper.
The U.S. dollar fell to a more than three-year low against the euro on Friday, extending recent losses on expectations European Central Bank policymakers are preparing to reduce stimulus, while U.S. stocks continued to rally and marked record closing highs. The euro's rise weighed on the dollar index (.DXY), which measures the greenback against six rival currencies. For the year, the dollar index was down 1.28 percent, its worst performance over a year's first nine trading days since 2010, according to Reuters data.
LONDON (AP) — The euro surged to three-year highs against the dollar Friday amid hopes for a new coalition government in Germany and signs that the European Central Bank is preparing to rein in its stimulus sooner than many had been predicting. Stock markets were steady as traders paused for breath following more records on Wall Street.
Jan.14 -- SoftBank Group says listing of SoftBank Corp. shares is "one such option," but no decision has been made to officially proceed with the IPO. Bloomberg's Pavel Alpeyev reports on "Bloomberg Daybreak: Asia."