Wed Feb 10, 2016/Reuters By Abhiram Nandakumar U.S. stocks gained on Wednesday after Federal Reserve Chair Janet Yellen said conditions in the United States would allow for “gradual” rate hikes, and as technology stocks rebounded. However, Yellen acknowledged that the weakness in the global economy could knock the U.S. economy […]
Tag: U.S stocks
Wall St. turns negative after weak services data
Wed Feb 3, 2016/Reuters By Tanya Agrawal U.S. stocks gave up early gains and turned negative on Wednesday after data showed that the economy’s service sector expanded at a slower-than-expected rate, raising concerns that weakness in manufacturing is spreading to other sectors. The Institute for Supply Management (ISM) said its […]
Wall Street falls 2 percent as Exxon Mobil, oil weigh
Tue Feb 2, 2016/Reuters By Caroline Valetkevitch U.S. stocks dropped more than 2 percent in late Tuesday trading after a disappointing forecast from Exxon Mobil (XOM.N) and another steep drop in oil prices. Shares of Exxon (XOM.N) fell 2.3 percent to $74.54 after the oil major reported its smallest quarterly […]
