Market Update

U.S. Housing Market Data Drag Indexes; Oil, Gold in Choppy Trading

Bikram Pandey
27 Mar, 2012
New York City

U.S. indexes wavered after consumer sentiment edged lower but held near one-year high and metropolitan home prices fell for the fifth month in a row. Prices declined in 17 of the 20 cities tracked. World markets extended gains and crude oil prices edged lower.

U.S. Stocks Trim Gains; Confidence and Home Price Indexes Fall

Nichole Harper
27 Mar, 2012
New York City

Stocks in New York pared gains after consumer confidence edged lower in March and metropolitan home prices fell in January. European leaders appear to be ready to expand the bailout fund and markets in Japan jumped to the pre-disaster level last year.

Nikkei Rebounds to Surpass March 11 Close Last Year

Nigel Thomas
27 Mar, 2012
New York City

The Nikkei index in Tokyo rebounds to cross the level last seen on March 11 a year ago when triple disaster crippled the nation and left 19,000 missing or dead. The index jumped on the last day to capture dividend from most companies.

Australian Indexes at 1-month High; Nufarm Net Jumps Four-fold

Marcus Jacob
27 Mar, 2012
New York City

Australian benchmark indexes extended gains to a 4-week high. Resource linked stocks, banks and retailers led the gainers. Fertilizer maker Nufarm said first half net income quadrupled.

Merkel Offers to Increase Bailout Funds; Spanish Yields Rise

Arthi Gupta
27 Mar, 2012
New York City

German Chancellor offered a concession to increase the size of bailout funds to

Wall Street Rally Extends Nasdaq to Multi-year High

Bikram Pandey
26 Mar, 2012
New York City

U.S. indexes surged to a new multi-year highs and the Nasdaq composite index climbed to a new high since November 2000. Healthcare stocks were higher as the U.S. Supreme Court began hearings on the healthcare reform.

U.S. Stocks Open Higher on Bernanke Comments

Nichole Harper
26 Mar, 2012
New York City

U.S. stocks traded higher after three days of declines in broader market averages. Crude oil and copper prices eased and German business confidence was better than expected. Spain and Italy were in focus ahead of general strikes this week.

Nikkei Trims Gains; Yen Trends Lower

Nigel Thomas
26 Mar, 2012
New York City

The benchmark indexes in Tokyo pared gains after banks and utilities trimmed the earlier gains. Resources linked stocks led the upsurge in the morning following a rise in copper and crude oil prices.

German Sentiment at 8-Month High; Spain in Focus

Arthi Gupta
26 Mar, 2012
New York City

European indexes edged higher after German sentiment improved to an eight-month high in March. The euro area leading economic index rose in February. The Italian Prime Minister Mario Monti warned that the Spanish financial situation could lead to a resurgence of the debt crisis.

Australian Stocks Weak; Bank Of Queensland to Raise $450 Million

Marcus Jacob
26 Mar, 2012
New York City

Australian markets traded lower after resources linked stocks, banks and retailers closed down. Bank of Queensland was halted after it estimated $91 million in first losses and said it plans to raise $450 million in an offering.

Wall Strett Climbs Wall of Worries; BATS Cancels IPO on Glitches

Bikram Pandey
23 Mar, 2012
New York City

U.S. stocks traded higher and for the week the S&P 500 index declined for the first time in five weeks. Energy stocks led the gainers in today

Second Monthly Fall in U.S. New Home Sales; Apple Flash Crash

Nichole Harper
23 Mar, 2012
New York City

Stocks on Wall Street declined as global economic worries resurfaced. New home sales declined 1.6% in February and the media price increased 6.2% from a year ago. Apple stock was halted after a single trade knocked off 9% and recovered at the reopen.

Nikkei Eases 1.1% as Volume Drops, Nomura Extend Losses

Nigel Thomas
23 Mar, 2012
New York City

Stocks in Tokyo fell as investors avoided adding to net positions after worries of recession in the euro zone added to the soft landing concerns in China. Exporters and China linked stocks declined. Nomura extended 2-day losses to 7%.

U.S. Movers: Accenture, NIKE, Darden Restaurants, KB Home, Steelcase

Mukesh Buch
23 Mar, 2012
New York City

Accenture quarterly net increased 9.5% and lifted revenue outlook. Nike quarterly net rose 7% to $560 million and orders increased 15% to $9.4 billion. Darden Restaurants third quarter net rose to $164.1 million and reaffirmed fiscal 2012 guidance. KB Home first quarter net loss narrowed to $45.8mn.

Australian Markets Struggle; QR National Cuts Earnings View

Marcus Jacob
23 Mar, 2012
New York City

Australian stocks declined and the two benchmark indexes closed nearly unchanged. The dollar declined and retailers continued to struggle as investors looked ahead to the RBA meeting on April 3.