GLOBAL MARKETS-US bonds rise, stocks fall on financial sector – Reuters.uk(Stock Trading News)
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Main High Tech Gadgets Tech Stock Sectors Fortune 500 Tech 100 Fastest-Growing Techs The Browser Blog Technology Business News Business 2. Main Fortune Small Business 100 Small Cap Investing – Top 50 Ultimate Resource Guide 5 Best Bosses Which States Love Small Biz? Main Best Companies to Work For Best Places to Live America’s Hottest Jobs Fortune 500 Global 500 Fortune 500 archive Best Places to Retire 20 Great Cos. The Fed’s moves, while not a surprise, were nonetheless closely watched by investors since inflation and rate hike fears have rattled markets in recent weeks, helping to push the 10-year note yield to a 5-year high earlier this month. Before the opening bell, the Commerce Department released its final revision of first-quarter economic growth , which showed the nation’s economy grew at a slightly faster pace in the first quarter than previous estimates. read more
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Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests. read more
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Unlike Monday, oil prices fell in futures trading, sending oil company stock prices lower. Du Pont and Alcoa were the biggest contributors to the Dow’s loss, as investors switched to more defensive stocks in the pharmaceuticals and consumer products sectors. Home builder stocks lost ground after Lennar, one of the leading companies in the sector reported an unexpected loss in its latest quarterly report. Unlike Monday, Treasury securities slipped ahead of the two-day meeting of Federal Reserve interest rate policy makers beginning Wednesday. Subscriber Advantage members can enjoy special offers such as save $30 off a pair of Camelot tickets with Michael York and receive FREE Child Admission to the Nature Museum and Robots + Us , courtesy of Chicago Tribune Subscriber Advantage. read more
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The stock market fell sharply last week as the subprime mortgage crisis spilled over into the broad financial markets. Bear Stearns ran into trouble because of their heavy exposure to subprime mortgages. While the company was prepared to bolster one of the funds with its own money, the problems at Bear Stearns raised broader concerns about the possibility of write-downs of securities backed by subprime mortgages at other institutions. The Standard & Poor’s 500-stock index lost 30. In the bond market, the yield on the benchmark 10-year Treasury note edged down to 5. read more
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Main High Tech Gadgets Tech Stock Sectors Fortune 500 Tech 100 Fastest-Growing Techs The Browser Blog Technology Business News Business 2. Main Fortune Small Business 100 Small Cap Investing – Top 50 Ultimate Resource Guide 5 Best Bosses Which States Love Small Biz? Main Best Companies to Work For Best Places to Live America’s Hottest Jobs Fortune 500 Global 500 Fortune 500 archive Best Places to Retire 20 Great Cos. Low interest rates globally over the past 5 years have allowed an unprecedented surge in financial liquidity, which central banks the world over are still busy mopping up by lifting interest rates. read more
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Stocks lurched higher after a back-and-forth session Thursday as investors apparently set aside some interest rate concerns and took a dose of upbeat economic data at face value. But the report had little effect on the market although investors have been wary about any signs of economic strength that might lead the Federal Reserve to raise interest rates when its Open Market Committee meets next week. Also Thursday, the American Stock Exchange resumed trading of stocks and exchange traded funds in the afternoon after the exchange resolved technical problems that had forced it to halt trading earlier in the day. Among other economic data investors were considering was a weekly Labor Department report showing the number of workers seeking jobless benefits rose by 10,000 last week to a two-month high, marking the third straight weekly gain. read more
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Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests. read more
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