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Category Archives: China
Negative news from Asia got stocks off on the wrong foot on Monday to start the week.
The major U.S. stock averages closed mildly in the red on Tuesday following a day of mostly directionless trading amid growing evidence of a limp economy.
Stocks had healthy gains to start the new week, but they couldn’t hold on to the best levels of the day, hit in early afternoon trading.
U.S. stocks got off to a weak start on Thursday following another negative report on the Chinese economy and a disappointing earnings report from Walmart but moved higher the rest of the day to close solidly in the green.
The major U.S. stock averages had their third 1%-plus gain in the past four sessions as Janet Yellen, in her first monetary policy testimony before Congress as the new Federal Reserve chair, pledged continuation of the Fed’s recent policies, including … Continue reading
U.S. stocks rebounded strongly on Thursday, helped by a fairly robust fourth quarter GDP report and some good corporate news.
It was a brutal week for stocks, the worst in seven months, and Friday was the worst day for the Dow since June 20 and was especially bad for emerging markets.
An unexpected contraction in China’s manufacturing sector set off a global drop in stocks Thursday and a flight to high-grade bonds and currencies.
The weakness in global stocks continued into the first full week of the new year.
The first trading day of 2014 didn’t come near matching the first day of 2013, which was the best performing day of last year and set the tone for the huge gains to come.