Tag Archives: DROP
Yen slumps to four-and-half year low, stocks gain
By Richard Hubbard LONDON (Reuters) – The yen made a decisive break through 100 to the dollar to hit a 4-1/2 year low on Friday, triggering a rise in safe-haven bond yields and supporting gains in European and Japanese shares which hit new five-year highs. U.S Continue reading
BNP Paribas sees Q1 earnings tumble
PARIS (AP) — French bank BNP Paribas said Friday its earnings slumped 45 percent in the first quarter amid a steep drop in corporate and investment banking as Europe’s economic stagnation continued to bite. Continue reading
Wall Street dips after GDP but finishes week higher
By Rodrigo Campos NEW YORK (Reuters) – Stocks dipped in thin volume on Friday, though the market had a strong week overall despite a mixed bag of earnings and weak economic figures. Shares of online retailer Amazon.com Inc posted the largest daily drop in 15 months after the company reported results late on Thursday. It was Friday's biggest drag on the S&P 500 and Nasdaq indexes Continue reading
Apple Profits Fall For First Time In 10 Years
The tech giant is forced into two-year buy-back plan to hold up shares as profits suffer an 18% drop on the same quarter in 2012. Continue reading
Wall Street jumps after recovery from Twitter-led drop
By Chuck Mikolajczak NEW YORK (Reuters) – Stocks climbed on Tuesday in a broad rally, recovering from sharp declines sparked by a “bogus” Associated Press tweet about explosions at the White House. A false tweet by hackers of two explosions at the White House that injured U.S. Continue reading
As Apple loses value, analysts ask: How low can it go?
NEW YORK — Apple may have lost nearly half of its value since its peak in September, but it’s still the talk of the town. Only this time, it’s all about how low can it go?Wall Street would normally be set for a technical rebound after a drop of more than 2 percent, the worst weekly decline so far this year. But that could easily change by the time the iPhone maker reports its earnings, which .. Continue reading
Wall St Week Ahead: In earnings frenzy, will Apple get crushed?
By Angela Moon NEW YORK (Reuters) – Apple may have lost nearly half of its value since its peak in September, but it's still the talk of the town. Only this time, it's all about how low can it go? Wall Street would normally be set for a technical rebound after a drop of more than 2 percent, the worst weekly decline so far this year Continue reading
Wall St Week Ahead: In earnings frenzy, will Apple get crushed?
By Angela Moon NEW YORK (Reuters) – Apple may have lost nearly half of its value since its peak in September, but it's still the talk of the town. Only this time, it's all about how low can it go? Wall Street would normally be set for a technical rebound after a drop of more than 2 percent, the worst weekly decline so far this year Continue reading
Stocks rebound day after year’s biggest decline
Stocks jumped Tuesday, recovering after major averages saw their biggest drop this year, supported by a batch of upbeat earnings results and a better-than-expected March housing report.Investors were also heartened as gold, oil, and other commodities pared back some of this week’s steep declines. The Dow Jones Industrial Average soared nearly 100 points, led by Coca-Cola.Interestingly, Tuesday has… Continue reading
TSX gets bounce from banks, energy after U.S. data
By John Tilak TORONTO (Reuters) – Canada's main stock index rose almost 1 percent on Tuesday, recovering some of the losses seen in Monday's dramatic selloff, as economic data helped spur a rally in financial and energy shares. Data showed consumer prices dropped last month, leaving room for the Federal Reserve to keep up its economic stimulus efforts Continue reading
