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S&P ends near flat; China rate cut offset by Bernanke
Jun 8th, 2012
NEW YORK (Reuters) - The S&P 500 ended barely changed on Thursday as optimism about China's interest-rate cut was offset by Federal Reserve Chairman Ben Bernanke's comments that dimmed hopes for more U.S. stimulus. Both the Dow industrials and the Nasdaq ended off session highs, with the Dow rising modestly for the day and the Nasdaq slipping. Stocks lost ground following Bernanke's comments a day after experiencing the best one-day rally so far this year. Over the previous three days, the S&P 500 gained 2.9 percent, recovering some of May's losses. ... (Source: Reuters) -
NEW YORK (Reuters) - U.S. stocks extended their decline on Wednesday, with the S&P 500 falling 1 percent following remarks by Federal Reserve Chairman Ben Bernanke which suggested the central bank was not ready to pull back on its economic stimulus efforts but may act if the economy continues to improve. The Dow Jones industrial average was dow... [Full Article]
By Rodrigo Campos NEW YORK (Reuters) - Stock index futures were little changed on Tuesday after the S&P 500 hit yet another intraday record in the previous session, with markets expected to drift sideways ahead of Congressional testimony from Fed chairman Ben Bernanke on Wednesday. The U.S. economic calendar is thin and the market will continue... [Full Article]
By Lee Chyen Yee and Umesh Desai HONG KONG (Reuters) - Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades. Lenovo, a sliver away from unseating Hewlett-Packard Co as the worl... [Full Article]
By Patrick Temple-West WASHINGTON (Reuters) - Apple Inc came under fire on Tuesday at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars in profits in Irish subsidiaries and paid little or no taxes to any government. "Apple effectively shifts billions of dollars in profits offshore, p... [Full Article]
BANGKOK (AP) - World stock markets were muted Thursday following dour European economic data that dampened hopes of a recovery there anytime soon. Losses were limited by another record session on Wall Street. (Source: Associated Press)... [Full Article]
By Ryan Vlastelica NEW YORK (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank's massive bond-buying program would remain in place for now, even as the bank considers cutting back stimulus in coming months. Wall Street stocks jumped as much as 1 percent,... [Full Article]
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