US stocks rally despite weak economic data

NEW YORK: US stocks on Tuesday shook off weak US economic reports, amid rising hopes that Greece will reach a deal to keep a debt default at bay. The Dow Jones Industrial Average leaped 128.21 points (1.03 per cent) to close at 12,569.79. Still, the blue-chip Dow was down 1.9 per cent over the month. The SandP 500-stock index, a broader measure of the markets, advanced 14.10 points (1.06 per ...

See Full Article

Source: Business Times

U.S. stocks sink on debt fears; gold, dollar gain
SAN FRANCISCO (MarketWatch) -- U.S. stocks closed with broad losses Monday as investors transferred holdings into safe-havens such as the dollar and gold on concerns over U.S. debt levels and European...
US close: Stocks fight back
LONDON (SHARECAST) - Stocks finished in positive territory heading into the weekend, winning back some of the losses incurred earlier in the week. The Dow Jones closed up 42 at 12,479, the S&P 500 finished...
Symposium on Islamic economics in Jeddah
JEDDAH: Al-Baraka Banking Group, the leading Islamic banking group based in Bahrain, announced the organization of the 32nd session of its annual symposium on Islamic economic system on Aug. 10-11 at...
Arab stocks suffer from Greek and Italian debt debacle
AMMAN: Arab stock markets lost ground last week as investors came under negative impact from global recovery worries, Europe's debt ordeal and the persistent political turmoil in the Middle East, financial...
US stocks dip on debt worries
US stocks fell on Thursday as the market worried about a possible US debt default if Congress fails to act soon to raise the borrowing limit. The Dow Jones Industrial Average dropped 54.49 points (0.44...
U.S. Stocks Pare Advance on Concern Debt-Ceiling Deal Will Fail
U.S. stocks pared gains, almost erasing a 164-point rally in the Dow Jones Industrial Average, after the Associated Press reported that House Speaker John Boehner said it’s a “crapshoot” whether...
Avoid China Banking Stocks Over Short Term
July 14 (Bloomberg) -- Louis Wong, a director at Phillip Securities HK Ltd., talks about China's banking industry and the debt levels of the country's municipal governments.