• Dow, S&P 500 in red for 2015, worst year since 2008

    Dow, S&P 500 in red for 2015, worst year since 2008
    The Dow Jones Industrial Average and the S&P 500 racked up their worst annual performance in seven years Thursday after a sell-off in the final Wall Street session of 2015. The S&P 500 fell 0.9 percent to 2,043.94, leaving the broad-based gauge of US stocks down 0.7 percent for the year, its first loss since 2011. The blue-chip Dow dropped 1.0 percent in the session to 17,425.03, taking its annual loss to 2.2 percent.
  • US stocks end 2015 mostly flat, capping volatile year

    US stocks end 2015 mostly flat, capping volatile year
    The U.S. stock market took investors for a wild ride in 2015, but in the end it was a trip to nowhere.
  • Wall Street suffers feeble end to turbulent 2015

    Wall Street suffers feeble end to turbulent 2015
    Much of the blame for this year's underwhelming stock market performance can be laid at the feet of crude oil prices, which lost a third of their value during an unprecedented global glut. "If you went to sleep on Dec. 31, 2014, and woke up today, you'd say what a dull year it's been, and yet in between we've had these wild swings," said Donald Selkin, chief market strategist at National Securities in New York. The Nasdaq Composite gained 5.73 percent after surpassing levels not seen since the d
  • A breakdown of the S&P 500's sectors in 2015

    A breakdown of the S&P 500's sectors in 2015
    NEW YORK (AP) — While the Standard & Poor's index is finishing 2015 around where it started, the index has been sharply divided between winners and losers. Four of the index's 10 sectors rose, while energy and five others lost ground.
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  • A breakdown of the S&P 500’s sectors in 2015

    NEW YORK (AP) — While the Standard & Poor’s index is finishing 2015 around where it started, the index has been sharply divided between winners and losers. Four of the index’s 10 sectors rose, while energy and five others lost ground.
    CONSUMER DISCRETIONARY: Up 8.4 percent. These stocks had by far the best year on the market. The sector was driven higher by big gains from Netflix and Amazon, the only S&P 500 stocks that doubled in value this year. Starbucks, Cablevision
  • Factbox: U.S. stock market performance in 2015

    Factbox: U.S. stock market performance in 2015
    NEW YORK (Reuters) - The S&P 500 saw its flattest year since 2011, ending a three-year streak of double-digit returns. Gains were led by the consumer discretionary sector, while the worst performing sector was energy. Here is a list of major indexes, sectors, and the S&P's best and worst performers for the year.
  • Wall Street ends turbulent 2015 on downward note

    Wall Street ends turbulent 2015 on downward note
    NEW YORK (Reuters) - Wall Street dropped on Thursday, leaving the S&P 500 marginally lower over a year marked by record highs as well as a major selloff. The Dow Jones industrial average was down 181.51 points, or 1.03 percent, to 17,422.36, the S&P 500 had lost 19.62 points, or 0.95 percent, to 2,043.74 and the Nasdaq Composite had dropped 58.44 points, or 1.15 percent, to 5,007.41. (Reporting by Marcus E. Howard; Editing by Nick Zieminski)
  • Wall St. ends turbulent 2015 on downward note

    Wall St. ends turbulent 2015 on downward note
    NEW YORK (Reuters) - Wall Street dropped on Thursday, leaving the S&P 500 marginally lower over a year marked by record highs as well as a major selloff.
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  • US stocks edge lower; S&P 500 goes red for the year

    US stocks edge lower; S&P 500 goes red for the year
    Stocks are closing out 2015 on a downbeat note. Major U.S. indexes declined on Thursday, the last day of the year, putting a main market benchmark slightly in the red for 2015. The Standard & Poor's 500 ...
  • S&P 500 poised for uninspiring end to turbulent 2015

    S&P 500 poised for uninspiring end to turbulent 2015
    In a reversal of one of 2015's major trends, oil shares moved higher, with the S&P energy sector up 0.73 percent and alone among gainers. With crude prices losing a third of their value this year under an unprecedented global glut, the energy sector has tumbled 23 percent, its worst annual performance since the global recession. The S&P 500 hit a record high in May only to slump 11 percent over eight days in August over fears of a China-led global economic slowdown.
  • Investors look to January effect at start of 2016

    Investors look to January effect at start of 2016
    By Chuck Mikolajczak NEW YORK (Reuters) - As Wall Street wraps up its flattest year since 2011, investors will have to deal with many of the same issues next year as they attempt to gauge market direction. While many market participants have a host of worries heading into 2016 that could hurt stocks and keep volatility high, they remain optimistic for gains in 2016 and a strong start to the year could boost that case. Stocks could get a boost next week from the so-called "January effect," when s
  • Cruz Rakes in the Cash as He Closes In on Trump

    Cruz Rakes in the Cash as He Closes In on Trump
    Ted Cruz seems poised to take his momentum well into the New Year, having raised $20 million in the fourth quarter of 2015, the Texas senator’s largest haul since becoming a White House hopeful. An official campaign memo obtained by The Wall Street Journal shows Cruz’s fundraising nearly doubled the roughly $12 million he raked in during the previous quarter. Cruz took in $4.3 million in the first quarter, then $10 million in the second, though his camp touted the fact that he had mo
  • S&P 500 heads for a flat end to volatile 2015

    By Abhiram Nandakumar(Reuters) – Wall Street slipped lower in thin trading on Thursday, with the S&P 500 heading for an almost flat ending to a volatile year of record highs and steep drops.
    All three major U.S. stock indexes hit record highs this year but have since climbed down after crude’s steep loss sent energy stocks tumbling.
    The Dow Jones industrial average was down about 1.4 percent for the year but the Nasdaq Composite was up 6.7 percent.
    “As we close out of the y
  • Why the US Wants New Sanctions Against Iran

    Why the US Wants New Sanctions Against Iran
    The aftermath of the nuclear agreement that the U.S. and other world powers struck with Iran over the summer has been confusing at best, with charges and counter-charges claiming that the participants have violated its terms or operated in bad faith. On Wednesday, things got even stranger, with the report in The Wall Street Journal that the U.S. Treasury Department is preparing sanctions against businesses and individuals that have supported Iran’s development of ballistic missiles.
  • US open: Wall Street on track to end 2015 with losses

    US open: Wall Street on track to end 2015 with losses
    (ShareCast News) - Wall Street looked set to end the year lower following the release of weaker than expected data on jobs and manufacturing sector activity, although some economists were still sanguine ...
  • Top 3 Themes for 2016, Part 3: Rates

    Top 3 Themes for 2016, Part 3: Rates
    As we near the end of the year, we're looking at the top three themes for markets in 2016. Today, we look at the interest rate conundrum.
  • US stocks edge lower, pulling S&P 500 into red for the year

    US stocks edge lower, pulling S&P 500 into red for the year
    U.S. stocks veered lower on the last day of the year as the market headed for a sluggish end to 2015. The modest losses in early trading Thursday dragged the Standard & Poor's 500 index back into the red for the year. With dividends included it will have a slight gain.
  • Wall Street set for lower open on last day of year

    Wall Street set for lower open on last day of year
    U.S. stock indexes were set to open lower on Thursday as crude slipped further to end the year in steep losses. Crude oil prices were set for their second year of losses suffering under an unprecedented global glut that may take another year to clear. Shares of Chevron were off 0.8 percent at $89.37, while Exxon was down 0.4 percent at $77.78 in premarket trading.
  • Nigeria's stock index up 3.1 pct as investors balance books ahead of year-end

    Nigeria's stock index up 3.1 pct as investors balance books ahead of year-end
    Nigeria's benchmark stock index rose more than 3 percent on Thursday to its highest level in more than a month as some corporate investors moved to balance their portfolios ahead of the financial year-end. The stock market, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, was up 3.1 percent, or 28,643 points, by 1250 GMT, touching its highest since Nov. 12. The rise was driven by Nigerian Breweries, with a 9.7 percent rise, followed by Pan Africa banking gro
  • Silver Price: Sideways Trading In Place

    Silver Price: Sideways Trading In Place
    Trading is muted as most traders are off their desks to celebrate the New Year.
  • Jobless Claims. US, 3:30 pm

    Forex analytics: Data on Initial and Continuous Jobless Claims is due today at 3:30 pm (GMT +2). The number of Initial Claims for the last week is expected to grow to 270 thousands, against 267 thousands in the previous week. The number of Continuous Claims will also increase, from 2.195 to 2.201 million. Forecasts realisation might pressure the US Dollar. 
  • UPDATE 3-India's Cadila Healthcare shares plunge after FDA warns of violations

    UPDATE 3-India's Cadila Healthcare shares plunge after FDA warns of violations
    * Cadila says working to respond to the FDA's concerns (Adds management comments from conference call; updates shares)
  • FTSE 100: Levels To Watch In 2016

    FTSE 100: Levels To Watch In 2016
    As we head into New Year we look at the weekly FTSE 100 chart to get an idea of which levels to watch in 2016.
  • Iran says any U.S. sanctions on missiles illegal

    Iran says any U.S. sanctions on missiles illegal
    Iran condemned on Thursday as arbitrary and illegal reported U.S. plans for new sanctions on international companies and individuals over Tehran's ballistic missile programme. "As we have declared to the American government ... Iran's missile programme has no connection to the (nuclear) agreement," state television quoted Foreign Ministry spokesman Hossein Jaber Ansari as saying. In Washington, sources familiar with the situation said on Wednesday the U.S. government was preparing the sanctions,
  • ECB Monetary Policy Meeting Accounts. EU, 2:30 pm

    Forex analytics: The ECB Monetary Policy Meeting Accounts are expected today at 2:30 pm (GMT +2) that will contain data on current financial, economic and monetary policy. 
  • Thyrocare files draft IPO papers

    Thyrocare files draft IPO papers
    MUMBAI (Reuters) - Diagnostic company Thyrocare Technologies Ltd said on Thursday it had filed draft red herring prospectus with the country's market regulator for an initial public offering (IPO) of 10.7 million shares. Thyrocare said it plans to list on both the BSE and NSE exchanges. JM Financial, Edelweiss Financial, ICICI Securities are lead managers for the issue. Reuters reported in February Thyrocare was planning to raise $85 million to $100 million through a stock market listing, citing
  • MIDEAST STOCKS-Saudi opens weak as petchems soft; Egypt continues rally

    MIDEAST STOCKS-Saudi opens weak as petchems soft; Egypt continues rally
    Saudi Arabia's stock market opened weak on Thursday as petrochemical firms remained soft following gas feedstock price rises in Monday's 2016 state budget. Egypt's bourse continued rallying after breaking technical resistance. The biggest stock in the sector, Saudi Basic Industries , was flat but Saudi Kayan lost 2.2 percent and PetroRabigh SE fell 2.4 percent after saying it would restart only gradually its high-olefin fluid catalytic cracker and subordinate units after an extended maintenance
  • GBP/USD: correction near local lows

    Forex analytics: Current trendYesterday, the British Pound remained not far from its local low, reached the day before. On Tuesday, the pair fell to the level of 1.4785, 15 April low.Trading activity is low ahead of New Year’s holidays, and a few macroeconomic data, released this week, has almost no significant influence.However, the British currency managed to get support from UK’s Nationwide Housing ...
  • UPDATE 2-India's Cadila Healthcare plunges after FDA warns of violations

    UPDATE 2-India's Cadila Healthcare plunges after FDA warns of violations
    * Cadila says working to respond to the FDA's concerns (Adds analyst comments, details; updates share move)
  • Saudi stock market says aiming to float itself in 2018

    Saudi stock market says aiming to float itself in 2018
    Saudi Arabia's Tadawul stock market said on Thursday that it planned to launch its own initial share sale in 2018. The initial public offering will be launched after the readiness exercise is completed and necessary approvals are obtained, it said in a bourse statement. The kingdom's stock market, by far the largest in the Gulf Arab region with a market capitalisation of 1.57 trillion riyals ($418.5 billion), said in 2014 that it was looking to go public, without giving a timeframe for the flota
  • Asia stocks mixed after Wall Street falls on lower oil price

    Asia stocks mixed after Wall Street falls on lower oil price
    BEIJING (AP) — Asian stock markets were mixed in thin trading Thursday after the latest decline in oil prices pulled Wall Street lower. Markets in Japan and South Korea were closed for the New Year holiday.
  • Rollercoaster ride leaves Shanghai investors flat

    Rollercoaster ride leaves Shanghai investors flat
    Chinese stocks are set to end 2015 slightly higher despite a wild ride that saw trillions wiped off market capitalisations in a summer rout that shook global markets and prompted an unprecedented government rescue package. After all the gyrations of the most volatile year in the quarter-century history of the modern Chinese stock market, the Shanghai Composite Index closed at 3,572.88 points on Wednesday, up 10.5 percent so far this year, with one trading day to go. "It was the year of the 'monk
  • U.S. Justice Department probes Blue Bell over listeria contamination: WSJ

    U.S. Justice Department probes Blue Bell over listeria contamination: WSJ
    (Reuters) - Blue Bell Creameries is being probed by the U.S. Department of Justice over listeria contamination of its ice cream that was linked to three deaths, the Wall Street Journal reported on Thursday. Government lawyers are trying to find out what company executives knew about listeria in its plants and potentially its products, and what they did in response, the newspaper said, citing a source. The company voluntarily recalled all products in April after 10 reported cases of listeria were
  • China to tweak IPO system to curb market swings

    China to tweak IPO system to curb market swings
    China will from Friday drop its requirement for initial public offering (IPO) subscriptions to be paid in advance, regulators said Thursday, in a move to curb stock market volatility. Under the current IPO regime, the China Securities Regulatory Commission (CSRC) decides which companies offer stocks and when, as well as setting guidelines for the number of shares and their price -- all of which are determined by the market in other countries. As a result, the advance payment requirement heighten

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