NEW YORK, Feb 5 (Reuters) - Several major financial services firms faced technical service glitches on their apps or websites during Monday's volatile trading session, according to the companies and a monitoring service.Investment firms T. Rowe Price Group Inc. and Vanguard Group apologized to customers for sporadic outages on their websites during the Dow industrials' 1600-point downturn, and sai...Read More
* Dow industrials notch biggest intraday points loss ever* S&P, Dow suffer worst declines since August 2011* S&P500 down nearly 8 pct from record levels* Dow, S&P 500 erase 2018's gains* S&P 500 E-mini futures rise late on Monday (Adds futures trading, trader comments)By Lewis KrauskopfFeb 5 (Reuters) - U.S. stocks plunged in highly volatile trading on Monday, with both the S&P...Read More
* Dow industrials notch biggest intraday points loss ever* S&P, Dow suffer worst declines since August 2011* S&P500 down nearly 8 pct from record levels* Dow, S&P 500 erase 2018's gains (Updates with further comments, context)By Lewis KrauskopfFeb 5 (Reuters) - U.S. stocks plunged in highly volatile trading on Monday, with both the S&P 500 and Dow Industrials indices slumping more...Read More
Gold prices unable to retain early gains, undermine by upbeat US data. Spot gold stuck at the lower end of Friday's range. Spot gold managed to add a couple of bucks on the first day of the week, ending it around $1,334.00 a troy ounce. The metal peaked for the day 1,338.49, but dollar's recovery during US trading hours pulled it down. The bright metal traded sideways in the lower end of...Read More
Regardless of what financial market you follow, today you witnessed one of the most volatile days ever on record. The Dow Jones Industrial Average traded 1600 points lower midday before recovering slightly, closing down over 1100 points on the day. Today’s price decline represents the most substantial intraday point drop for the Dow in history. Today’s drop represents the largest singl...Read More
(Adds White House comment)By Steve Holland and Trevor HunnicuttWASHINGTON/NEW YORK, Feb 5 (Reuters) - As U.S. stocks plunged on Monday, President Donald Trump was speaking at an event in Ohio but noticeably not taking credit for the market despite doing so repeatedly when stocks were rising. The stark contrast was a sign that Trump may be absorbing a tough message, underscored by former White Hou...Read More
* Dow, S&P 500 post biggest daily percent drops since Aug 2011* 10-year Treasury yields recede from four-year highs* Oil prices fall (Adds comment from Paulsen at Leuthold Grup)By Caroline ValetkevitchNEW YORK, Feb 5 (Reuters) - U.S. stocks saw their biggest one-day fall in six years on Monday, as investor profit taking brought the market back down from record highs seen in late January, after...Read More
WASHINGTON, Feb 5 (Reuters) - The White House, following a steep drop in the stock market on Monday, said President Donald Trump was focused on "exceptionally strong" fundamentals in the U.S. economy."The President's focus is on our long-term economic fundamentals, which remain exceptionally strong, with strengthening U.S. economic growth, historically low unemployment, and increasi...Read More
By Steve Holland and Trevor HunnicuttWASHINGTON/NEW YORK, Feb 5 (Reuters) - As U.S. stocks plunged on Monday, President Donald Trump was speaking at an event in Ohio but noticeably not taking credit for the market despite doing so repeatedly when stocks were rising. The stark contrast was a sign that Trump may be absorbing a tough message, underscored by former White House advisers, that American...Read More
* Dow, S&P 500 post biggest daily percent drops since Aug 2011* 10-year Treasury yields recede from four-year highs* Oil prices fall (Updates with closing U.S. markets' activity)By Caroline ValetkevitchNEW YORK, Feb 5 (Reuters) - U.S. stocks saw the biggest one day fall in six years on Monday as investors rushed to take profits, after bond yields rose sharply last week, following an equities r...Read More
(Adds President Temer's appeal to Congress to approve bill, lower house speaker wants vote in February)By Maria Carolina MarcelloBRASILIA, Feb 5 (Reuters) - President Michel Temer appealed to Congress on Monday to approve his pension reform proposal to bring Brazil's budget deficit under control, but a cabinet minister said his government still lacks some 40 votes to pass the unpopular bill.Congr...Read More
The meteoric rise of crypto-currencies, including Bitcoin, captured the attention of many precious metals investors last year. Crypto’s potential to serve as private and decentralized currency – beyond the reach of bankers (central and otherwise) to corrupt and control – is an alluring combination for some speculative members of “honest money” crowd. Investors are cur...Read More
TORONTO, Feb 5 (Reuters) - Canada's main stock index slumped to a 4-1/2-month low on Monday as a global selloff and weakness in energy prices hit investor sentiment.Marijuana companies were among the most heavily traded stocks on the index.* At 4:45PM ET (21:45 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 271.22 points, or 1.74 percent, to 15,334.81. All of the sectors on th...Read More
Lewis Krauskopf(Reuters) - U.S. stocks plunged in highly volatile trading on Monday, with the Dow industrials falling nearly 1,600 points during the session, its biggest intraday decline in history, as investors grappled with rising bond yields and potentially firming inflation.The benchmark S&P 500 and the Dow suffered their biggest percentage drops since August 2011 as a long-awaited pullbac...Read More
(Repeats story from overnight, no changes to text)LONDON, Feb 5 (Reuters) - Activist investor Elliott Advisors on Monday stepped up calls for the world's biggest mining company BHPto scrap its dual listing, demanding the company agree to review the matter by the time it posts results on Feb. 20.Elliott has previously urged BHP to change its structure, with listings in both Britain and Australia,...Read More
* Dow, S&P 500 post biggest daily percent drops since Aug 2011* 10-year Treasury yields recede from four-year highs* Oil prices fall (Updates with closing U.S. markets' activity)By Caroline ValetkevitchNEW YORK, Feb 5 (Reuters) - U.S. stocks dropped in a rapid selloff on Monday, with the Dow falling nearly 1,600 points at its low in its biggest intraday point drop in history, while U.S. Treasu...Read More
Feb 6 (Reuters) - Stock MarketsNet ChngStock MarketsNet ChngS&P/ASX 200** 6,026.2-95.2 NZX 50**8,241.83 -173.46DJIA**24,345.75-1,175.21 NIKKEI**22,682.08-592.45Nasdaq**6,967.526-273.42 FTSE**7,334.98 -108.45S&P 500** 2,648.94 -113.19 Hang Seng** 32,245.22-356.56SPI 200 Fut 5,822-139.00 STI** 3,482.93 -46.89SSEC**3,487.3847 25.30 KOSPI** 2,491.75 -33.64--------------------------------------...Read More
Stocks got eviscerated today, with the Dow down nearly 1,600 points at one point. And while the blue-chip index closed off its session lows, it still logged its biggest one-day point loss ever. The second straight session of heavy selling again centered on fears of rising interest rates, while weakness from the energy sector only added to the risk-off backdrop. In fact, the Dow and S&P 500 bothtur...Read More
Feb 6 (Reuters) - Australian shares are set to extend their losses on Tuesday, tracking a similar trend in Wall Street as investors grappled with higher bond yields and the possibility of firming inflation in the United States.Investors were also anticipating retail data from Australia, as well as the Reserve Bank of Australia's decision on the official cash rate.The local share price index future...Read More
TORONTO, Feb 5 (Reuters) - Canada's main stock index slumped to its lowest in four and a half months on Monday as a global selloff and weakness in energy prices hit investor sentiment. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 271.22 points, or 1.74 percent, to 15,334.81. All of the index's 10 main groups fell. (Reporting by Matt Scuffham; Editing by James D...Read More