In the last 15 minutes of the trading session, United States stocks managed to erase many of the day’s losses. This advance sent the Standard & Poor’s 500 index into its second consecutive week of gains. Over the week, the Standard & Poor’s 500 index rose by 0.5 percent. For the month, it advanced by [...]
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United States stock markets reopened on Friday for a shortened session following the Thanksgiving holiday. The thinly traded session marked the fifth day stocks rose in the United States as investors snapped up technology shares. Retail sales in the United States and progress on the bailout tranche in Greece helped to prop up the market. [...]
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The delay for aid in Greece and budget issues in the United States prompted a fall in Asian currency markets. On Friday, President Barack Obama started to negotiate a solution to the fiscal cliff with Democratic and Republican leaders. The fiscal cliff encompasses a total of $607 billion dollars in spending cuts and increases in [...]
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For the first time in 27 years, New York stock markets closed for a weather-related reason. Hurricane Sandy—nicknamed Frankenstorm for its timing near Halloween—is expected to approach two other weather systems to create a super-storm. Expected to hit New York City on Tuesday, the approach of Hurricane Sandy has the world’s leading financial center to [...]
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