U.S. stocks rose slightly Wednesday as the financial sector rallied on a rosy forecast from State Street Corp. and an increase in crude lifted energy stocks, but the gains were small as disappointing manufacturing data out of Germany weighed.
The Dow Jones Industrial Average rose 19 points, or 0.2%, to 9763, in early trading. The measure’s [...]
Posts Tagged ‘financial sector’
US Stocks Rise Slightly, Led By Financials, Energy; DJIA Up 19
July 7th, 2010 by HardMoney Writer
Tags: bank of america, Dow Jones Industrial, economic growth, eurozone economy, financial sector, JPMorgan, money, stock market, us manufacturing, wall street
more...Global economy is recovering and the ‘worst is over’, says IMF chairman
April 28th, 2010 by HardMoney Writer
International Monetary Fund: spring meeting THE GLOBAL economy appears to be recovering and the worst is definitely over, chairman of the International Monetary Fund Youssef Boutros-Ghali said in Washington at the weekend.
However, Mr Boutros-Ghali, who is also the Egyptian minister for finance, said the global economy is “not out of the woods yet”.
“We see a [...]
Tags: central bank, economic recovery, economy, financial sector, global economic, global recovery, IMF
Bernanke, retailers hold key for stocks
February 20th, 2010 by HardMoney Writer
Wall Street could keep rallying after notching its best week this year if Federal Reserve Chairman Ben Bernanke gives a reassuring assessment of the recovery and retail earnings show improvement.
Investors are eager to hear more on the thinking behind the Fed’s surprise move to raise its discount rate, especially because the Fed’s loose monetary policy [...]
Tags: ben bernanke, economic recovery, Federal Reserve, financial sector, us unemployment, wall street
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