U.S. stocks dropped as Yellen suggests possible rate hike

U.S. stocks dropped on Wednesday following comments from Federal Reserve Chair Janet Yellen which raised the possibility of an earlier than expected increase in interest rates. The Fed reported earlier it was keeping interest rates unchanged and reduced the amount of bonds it buys in the open market each month to $55 billion from $65 billion. The Dow Jones industrial average dropped 114.02 points or 0.70%, to close at 16,222.17. The S&P 500 dropped 11.48 points or 0.61%, to close at 1,860.77. The NASDAQ Composite dropped 25.711 points or 0.59%, to close at 4,307.602. Among top Dow Jones...

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U.S. stocks traded high as Ukraine worries ease

U.S. stocks traded high for a second consecutive day as Russian president Vladimir Putin said it had no plans to annex Ukraine. The Dow Jones industrial average rose 88.97 points or 0.55%, and closed at 16,336.19. The S&P 500 added 13.42 points or 0.72%, to close at 1,872.25. The NASDAQ Composite Index added 53.364 points or 1.25, to close at 4,333.313. U.S. consumer prices rose 0.1% in February, in line with market’s expectations. Also in line with market’s expectations, core inflation rates added 1.6% on year and 0.1% month-on-month. Microsoft shares rallied 4% to $39.55, the highest...

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U.S. stocks traded high on Monday, following Crimea vote

U.S. stocks traded high on Monday, following a vote in Crimea to join the Russian Federation which didn’t result in violence. The Dow Jones industrial average rose 181.55 points or 1.13%, to 16,247.22, the S&P 500 added 17.7 points or 0.96%, to 1,858.83 and the NASDAQ Composite Index added 34.552 points or 0.81%, to 4,279.949. Technology sector SPLRCT and industrials sector SPLRCI both went up 1.3%. Google Inc. added 1.6% to $1,192.10 while General Electric Co. increased 1.3% to $25.43. Among top Dow Jones Industrial Average performers were IBM, up 1.92%, Boeing, up 1.86%, and 3M, also...

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U.S. stocks tumbled on ongoing Ukraine concerns

U.S. stocks tumbled on Thursday as concerns over Ukraine and Russia continue and new signs of a slowdown in China. Reports that Russia is conducting new military exercises in the Crimea region of Ukraine resulted in increased demand for safe-haven asset classes, USD and Japanese Yen particularly. Chinese industrial production increased only 8.6% in the first two months of 2014, according to data released on Thursday, below market expectations for a 9.5% increase. Chinese retail sales increased only by 11.8%, below market forecasts for a 13.5% gain. The Dow Jones industrial average dropped...

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U.S. stocks dropped on Tuesday on Soft Chinese trade numbers and Ukraine concerns

U.S. stocks dropped on Tuesday as investors locked in gains on Soft Chinese trade numbers and concerns over Ukraine standoff. The Dow Jones industrial average fell 67.43 points or 0.41%, to 16,351.25, the S&P 500 dropped 9.54 points or 0.51%, to 1,867.63 and the NASDAQ Composite Index dropped 27.26 points or 0.63%, to 4,307.188. The S&P retail index dropped 0.66%. Retailer Urban Outfitters Inc. dropped 4.3% to $35.91 after the company reported it expects poor weather will contribute to lower sales in the first quarter. Plug Power shares dropped 41.5% to $6.03 after short-seller...

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U.S. stocks dipped on soft Chinese data and Ukraine concerns

U.S. stocks dipped on Monday pulled down by Soft Chinese trade numbers and concerns over the ongoing Ukraine crisis. Data released over the weekend indicated that Chinese exports dropped 18.1% on-year in February, in contrast to expectations for a 6.8% increase. Also, a second report indicated that the annual rate of inflation in China slowed to 2.0% in February, from 2.5% in January. U.S. Secretary of State John Kerry declined an invitation to visit Russia for further discussions on the Russia-Ukraine confrontation, which also pulled down U.S. stocks. The Dow Jones industrial average...

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