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Wall Street hits new highs on earnings optimism, data (VIDEO)

NEW YORK, Jan 13 ― Wall Street continued its rally yesterday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth. The…


Wall Street hits new highs on earnings optimism, data

NEW YORK, Jan 13 ― Wall Street continued its rally yesterday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth. The…


Treasury yields hit 10-month high; world stocks extend 2018 rally

NEW YORK, Jan 10 — Benchmark US Treasury yields hit a 10-month high yesterday after the Bank of Japan tweaked its bond-buying program, while stocks in world indexes continued their flying start to the year. US oil touched its highest since…


Wall Street hits new record at open on healthcare, bank gains

NEW YORK, Jan 9 — Wall Street rose to fresh high at open today, with gains for healthcare and bank stocks extending the new year rally that is powered by expectations of strong quarterly earnings. A 1.7 per cent rise in Johnson & Johnson and a…


S&P keeps New Year’s rally alive, Dow eases

NEW YORK, Jan 9 — The S&P 500 extended its winning streak for 2018 yesterday although its advance slowed to a crawl as the healthcare and financial sectors weighed and investors awaited the start of the quarterly earnings season. The…


S&P keeps New Year’s rally alive, Dow eases (VIDEO)

NEW YORK, Jan 9 — The S&P 500 extended its winning streak for 2018 yesterday although its advance slowed to a crawl as the healthcare and financial sectors weighed and investors awaited the start of the quarterly earnings season. The…


Wall Street takes a breather as tax bill nears passage

NEW YORK, Dec 20 — US stocks were little changed today as the long-awaited tax bill was all but assured of becoming law, allowing investors to take a breather after a month-long rally in anticipation of the largest overhaul of the US tax code in…


Rand surges as investors raise stakes on Ramaphosa to lead ANC

DUBAI, Dec 18 — The market appears to be backing only one horse in the African National Congress’ leadership race. South Africa’s rand surged to the strongest level against the dollar in more than three months, bond yields fell and bank…


Wall Street mixed as financials drag after Fed rate hike

NEW YORK, Dec 14 — The S&P 500 ended slightly lower yesterday pressured by the financial sector after the Federal Reserve announced a widely expected interest rate hike but kept its rate outlook for coming years even as it projected faster US…


S&P, Dow rise with help from banks, Nasdaq lags

NEW YORK, Dec 13 — The S&P 500 and the Dow industrials registered record closing highs yesterday with a boost from bank stocks as investors eyed a potential cut in US corporate taxes and continued economic growth after strong inflation data….