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Stocks have strayed from their recent link to euro moves, and the start of U.S. corporate earnings next week could help shift investor focus back to U.S. fundamentals from Europe. Stocks have traded in line with the euro over the autumn, with both experiencing sharp swings on headlines from the euro zone. That trend may be changing, [...]
The stock market offered a reminder Friday that even if the U.S. job market is improving, there’s plenty to worry about elsewhere in the world. The unemployment rate fell in December to 8.5 percent, the lowest level in nearly three years. Yet stock indexes teetered between small gains and losses all day as traders fretted about Europe’s ongoing financial drama. [...]
It’s hard not to be frustrated by the unceasing volatility in the markets, but certain sectors should still be excellent buys on any pullbacks heading into year-end, writes MoneyShow.com senior editor Tom Aspray. After the prior week’s 7.3% gain in the S&P 500, last week was bound to be a disappointment. Nevertheless, the relatively flat performance [...]
NYSE Euronext ( NYX ), which competes with Nasdaq ( NDAQ ) and Chicago Mercantile Exchange ( CME ), is the world’s leading stock exchange in cash trading both in terms of volume and value. NYSE provides the trading platform and services for trade execution of stocks listed on its exchanges – NYSE, NYSE Arca, [...]
Salesforce.com Inc. ( CRM ) has dropped sharply in the wake of its fourth-quarter earnings report . In fact, after setting a post-earnings peak of $148 on Feb. 25, the stock has plunged more than 13%. The shares are currently pulling back to potential support at their 32-week moving average, which is perched in [...]
PARIS -(Dow Jones)- French bank Societe Generale S.A. (GLE.FR) Tuesday said it “strongly condemns” the seizure of its unit in Ivory Coast, SGBCI, last month by the government of incumbent president Laurent Gbagbo, saying that the situation in the African country remains extremely difficult. In February, the government took over the offices of four foreign [...]
Shares of 5N Plus Inc. (VNP.TO) climbed above $10 on Tuesday, marking a two-day gain of more than 25%, after the high-purity metals producer agreed to buy MCP Group SA for $315.9-million, the Financial Post reports. VNP looks set to close up more than 3% at around $9.35, but well off a new year high [...]