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S&P 500 marks 2012's worst week as bulls
Apr 6th, 2012
NEW YORK (Reuters) - U.S. stocks mostly traded sideways on Thursday, but the S&P 500 ended its worst week this year as growing pressure on Europe's debt markets revived concerns about the region's financial stability. The Dow Jones industrial average slipped 14.61 points, or 0.11 percent, to end unofficially at 13,060.14. The Standard & Poor's 500 Index dipped just 0.88 of a point, or 0.06 percent, to finish unofficially at 1,398.08. But the Nasdaq Composite Index rose 12.41 points, or 0.40 percent, to close unofficially at 3,080.50. For the week, the Dow fell 1. ... (Source: Reuters) -
By Masayuki Kitano SINGAPORE (Reuters) - The dollar held firm near a 10-month high versus a basket of currencies on Friday after a U.S. Federal Reserve official said the central bank may begin to taper its asset buying this summer, while Asian shares were mixed. U.S. equities had sagged on Thursday after John Williams, president of the Federal Rese... [Full Article]
By Tom Bill LONDON (Reuters) - Almost a quarter of commercial property loans in Britain are higher in value than the underlying real estate, a study showed on Friday, highlighting the toxic legacy of reckless lending before the financial crash. The figure grew to 23 percent at the end of 2012 from 20 percent a year earlier, according to De Montfort... [Full Article]
By Angela Moon NEW YORK (Reuters) - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old. Concerns about a technical correction have been a hot topic for weeks, especially as the rally accelerate... [Full Article]
By Chikako Mogi TOKYO (Reuters) - Bulls drove Japanese shares to nearly five-year highs as yen bears clawed at the symbolic 100 yen/dollar door after the Group of 20 gatherings in Washington all but endorsed the Bank of Japan's aggressive reflation drive. The dollar was trading at 99.78 yen, after earlier rising to 99.89, just below a four-yea... [Full Article]
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