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Market News

Location American Market News for 7 March 2015

Avoiding Bear Markets

Forbes - 7 Mar 2015 15:09
Avoiding Bear Markets The new all time highs in most of the major averages over the past two weeks has reduced the number of bearish articles on the stock market, but don?t expect that to last for too long. In late January and early February,...
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Gold at 3-month low, tumbles Rs520 on weak global cues Gold of 99.9 and 99.5% purity suffered this year's biggest fall of Rs520 each to Rs26,540 and Rs26,340 per 10 grams respectively
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Rupee to depreciate marginally, yuan to rise a little: poll RBI has embarked on a policy easing cycle, slashing the repo rate twice this year as inflation subsides
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Bank of America Follows Internet Companies Into the Cloud

Wall Street Journal - 7 Mar 2015 04:56
Bank of America's move toward a software-defined data infrastructure reflects the migration of state-of-the art information technology developed by Internet companies into the broader economy.
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Alcoa Studies Capacity Reductions

Wall Street Journal - 7 Mar 2015 04:51
Alcoa said it would look at cutting or selling up to 14% of its global smelting capacity, as it continues to fight sluggish prices and an oversupplied global market.
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China's Stock Connect Falls Short on Bets Against Shares

Wall Street Journal - 7 Mar 2015 04:10
A week after China allowed foreign investors to bet against mainland shares, no one had taken up the challenge--with industry officials citing short selling rules that make it nearly impossible.
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The Week Ahead: Does Your Portfolio Need Adjusting? The US stock market was not impressed with the details of the ECB stimulus plan and then sold off sharply Friday in reaction to the very strong jobs report. For February, 295,000 new jobs were added, considerably more th...
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Urban Outfitters Earnings Expected to Dip

Forbes - 7 Mar 2015 02:00
Urban Outfitters is expected to report lower fourth-quarter earnings on Monday, March 9, 2015. Analysts are expecting a 3% drop in earnings from a year ago. The consensus estimate is 57 cents per share, down from earning...
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Wall Street is optimistic about Barnes & Noble, which is slated to report its third quarter results on Tuesday, March 10, 2015. Analysts project a profit of $1.19 a share, a rise from 86 cents per share a year ago.The co...
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Despite an encouraging report that revealed the U.S. economy added more jobs than expected last month, U.S. stocks closed sharply lower Friday, with the Dow Jones Industrial Average plunging nearly 300 points, after the ...
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