PH stocks rise anew as US stock markets stay upbeat, local firms post good earnings
By Doris C. Dumlao
Most local stocks trekked higher for a second session on Thursday on upbeat US stock markets and optimism over local first quarter earnings.
Most local stocks trekked higher for a second session on Thursday on upbeat US stock markets and optimism over local first quarter earnings.
Renewed worries about Europe overshadowed an encouraging U.S. jobs report on Thursday, leaving major stock indexes roughly where they started.
WASHINGTON—US stocks closed lower Wednesday as market sentiment soured less than two weeks before the United States risks going over the “fiscal cliff.” The Dow Jones Industrial Average slumped 99.14 points (0.74 percent) to 13,251.82 in closing trade. The broad-market S&P 500 dropped 10.98 points (0.76 percent) at 1,435.81, while the tech-rich Nasdaq [...]
US stocks edged higher Tuesday amid signs Washington was making progress to avert the “fiscal cliff.”
US stocks rose Monday amid Wall Street hopes of a political compromise that would prevent the economy from going over the “fiscal cliff” in two weeks.
US stocks closed lower Thursday under a cloud of fiscal cliff concerns that overshadowed a batch of somewhat positive economic data on jobs, retail sales and inflation.
US stocks ended slightly higher Monday amid hopes that a political deal over the looming fiscal cliff was in the works.
A surprise fall in the US unemployment rate to 7.7 percent for November gave markets an initial boost Friday, but stocks ended the session mixed.
US stocks notched up modest gains Wednesday after a mixed batch of economic data and another eurozone failure to agree on a crucial aid payment for Greece.
US stocks closed near breakeven Tuesday, clawing back from losses after Hewlett-Packard reported a huge charge for an acquisition, offsetting fresh data signaling recovery in the housing market.
US stocks surged Monday on upbeat housing data and hopes that politicians will find a way to avoid the so-called “fiscal cliff” of automatic tax hikes and spending cuts in January.
US stocks closed lower Tuesday amid worries about Greece’s debt crisis and a US “fiscal cliff” of spending cuts and tax hikes at year-end which threaten to drag the economy into recession.
