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Wall Street edges up in light trading after data
Aug 17th, 2012
NEW YORK (Reuters) - U.S. stocks rose slightly in light trading on Friday after recording the biggest gain in two weeks on Thursday as data just beat economists' expectations. The Thomson Reuters/University of Michigan consumer sentiment survey for August rose to its highest since May to 73.6, buoyed by sales at retailers and low mortgage rates. Separately, the Conference Board said its leading economic index climbed 0.4 percent, reversing a 0.4 percent decline in June and pointing to slow growth through the end of 2012. "It's interesting because we've had this mixed bag from the economic ... (Source: Reuters) -
NEW YORK (Reuters) - Stocks sharply cut gains after climbing as much as 1 percent earlier as investors parsed comments from Federal Reserve Chairman Ben Bernanke, who was speaking before Congress. The Dow Jones industrial average gained 69.11 points, or 0.45 percent, to 15,456.69. The Standard & Poor's 500 Index added 6.24 points, or 0.37 ... [Full Article]
NEW YORK (Reuters) - U.S. stocks edged lower on Monday as indexes retreated from record highs in the previous session, though an unexpected rise in retail sales data for April helped to limit losses. The Dow Jones industrial average was down 41.10 points, or 0.27 percent, at 15,077.39. The Standard & Poor's 500 Index was down 3.70 points, ... [Full Article]
By Luke Baker BRUSSELS (Reuters) - European leaders will discuss how to combat aggressive tax avoidance by major companies such as Amazon, Google and Apple at a summit on Wednesday, and cut the estimated 1 trillion euros a year the EU loses to tax evasion or avoidance. The four-hour summit was originally called to discuss energy policy, but investi... [Full Article]
By Dmitry Zhdannikov and Claire Milhench LONDON (Reuters) - Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall Street's biggest banks. Regulators have scrutinised banks, trading houses and commo... [Full Article]
NEW YORK (Reuters) - U.S. stocks hit session highs in morning trading on Friday after a gauge of future U.S. economic activity rose to its highest level in nearly five years. The Dow Jones industrial average rose 64.81 points or 0.43 percent, to 15,298.03, the S&P 500 gained 9.33 points or 0.57 percent, to 1,659.8 and the Nasdaq Composite added... [Full Article]
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