NEW YORK (AP) — The latest on developments in financial markets (all times local) 4 p.m. Stocks closed higher on Wall Street, giving the market its first four-day winning streak since September. Technology companies and banks posted big gains Wednesday. Those stocks tend to benefit the most from economic growth. Apple added 1.7 percent and Citigroup also rose 1.7 percent. Energy...
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Asia markets saw gains on Wednesday as investors remained cautiously optimistic about trade negotiations between the U.S. and China, which wrapped up on Wednesday after three days. Japan's Nikkei 225 advanced 1.1 percent to close at 20,427.06 while the Topix also gained 1.1 percent to finish its trading day at 1,535.11, with almost all sectors rising. South Korea's Kospi gained nearly 2...
Continue reading >>CU.S. markets showed strength for a 3rd-straight session as U.S. and China trade talks resumed for a second day. Comments from both sides have expressed cautious optimism that a deal can be reached ahead of the March 1st deadline. Reports say both sides are making progress on narrowing the differences on trade issues, especially on purchases of U.S. goods and services and widening access to...
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Continue reading >>U.S. markets were rocky to start the New Year following disappointing economic news from around the globe. The opening pullback fueled continued fears of a global slowdown, but the losses were quickly recovered by midday with the major indexes finishing slightly higher for the session. The U.S. government shutdown shows no signs of slowing despite ongoing talks and could hamper corporate...
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. KARACHI: Stocks staged a remarkable rally on Monday, surging over 800 points in intra-day trading on back of assurances from Crown Prince of Abu Dhabi to help bring Pakistan out of financial crisis. The financial package worth $3 billion and discussions regarding an oil credit facility boosted investor confidence, who took to buying in droves. The renewed buying led the index to power past...
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