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Market News

Location American Market News for 17 February 2017

Washington's Chaos Is Far From Wall Street

Wall Street Journal - 17 Feb 2017 06:22
The market's postelection rally isn't as irrational as it might seem.
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Deere reported a rise in revenue and stronger growth during 2017.
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Toshiba and Japan's Struggling Banks

Wall Street Journal - 17 Feb 2017 06:42
Despite Toshiba's negative shareholder equity, its creditors have reiterated their commitment to continuing support.
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Why the Stock Market Doesn't Like Republicans

Wall Street Journal - 17 Feb 2017 23:26
A striking feature of the U.S. stock market is that it persistently does better under Democratic presidents than Republican ones. Two economists try to explain why.
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Applied Materials: Storm Ahead of the Calm

Wall Street Journal - 17 Feb 2017 23:11
Applied Material saw a sharp jump in new equipment orders for the fiscal first quarter, its biggest surge in seven years. That has analysts worried about an inevitable slowdown, as Applied's customers digest those purcha...
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Why Amazon Launched A Business Communication Service Amazon recently launched "Chime," a new video conferencing and business communication service which is built on top of Amazon Web Services. The service will allow users to make VoIP calls, send video messages and host or...
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Pharma stocks up 4% in Jan and Feb despite Donald Trump's proposed policies US President Donald Trump's statements on drug overpricing had sparked sell-off in pharma stocks in mid-January but they recovered soon
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A Florida Man Allegedly Tried To Tank Target's Stock By Plotting Store Bombings He planned to buy shares on the dip.
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Gold prices jump Rs 65 on global cues

livemint.com - 17 Feb 2017 16:14
Gold prices jump Rs 65 on global cues Standard gold prices rose by Rs65 to close at Rs 29,415 per 10 grams from Thursday's level
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Earnings Preview: What To Expect From Wal-Mart On Tuesday Wal-Mart is expected to report earnings of $1.30/share on $130.97 billion in revenue. Meanwhile, the so-called Whisper number is $1.32. The Whisper number is the Street's unofficial view on earnings.
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Gopal Agrawal leaves Mirae Asset India

livemint.com - 17 Feb 2017 14:46
Gopal Agrawal leaves Mirae Asset India Gopal Agrawal says he is in talks with a few mutual fund houses but didn't confirm talks with any specific fund
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Allianz: Bumper Buyback Shows Insurer's Strength

Wall Street Journal - 17 Feb 2017 14:30
People often complain their insurers don't pay out what they should: Investors in Allianz can have no such gripes.
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Cheaper private-label coffee is eating into demand for Smucker's Folgers brand.
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Indiabulls Housing, IOC to replace BHEL, Idea in Nifty from 31 March NSE says Indiabulls Housing and Indian Oil Corporation will replace Bharat Heavy Electricals and Idea Cellular in the 50-share Nifty index from 31 March
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Wine glimmers like gold as investors see end to stocks rally Prices for fine wines have climbed to their highest levels since October 2011 on speculation that equities near record highs are poised to drop
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Global gold prices steady on weak dollar, set for third week of gains Spot gold prices were steady at $1,238.16 per ounce at 8.51am, while US gold futures were down 0.2% at $1,239
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Sebi chief UK Sinha says commodity market needs more legal clarity Sebi chief U. K. Sinha says low participation of producers and hedgers is the primary concern for the capital market regulator
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HDFC Bank shares jump 9.2% on hope of FII buying

livemint.com - 17 Feb 2017 06:51
HDFC Bank shares jump 9.2% on hope of FII buying HDFC Bank shares saw maximum gains in over three and a half years to hit a record high after RBI removed the bank from the ban list for FII buying
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Live: Sensex rises over 180 points, Nifty 0.51% higher; HDFC Bank shares up BSE Sensex trades higher by 183 points, or 0.64%, to 28,484, while the Nifty 50 rises 45 points, or 0.51%, to 8,823
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Rupee falls against US dollar on weak Asian cues

livemint.com - 17 Feb 2017 06:11
Rupee falls against US dollar on weak Asian cues Rupee opened at 67.12 a dollar. At 9.15am, the home currency was trading at 66.15, down 0.12% from its previous close of 67.07
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Opening bell: Asian markets open lower; TCS, Cadila Healthcare in news Asian markets opened lower tracking losses in the US
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Why buybacks make immense sense for TCS and Infosys

livemint.com - 17 Feb 2017 04:10
Why buybacks make immense sense for TCS and Infosys Thanks to their penchant for hoarding cash, return ratios of both TCS and Infosys have been unduly low
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