asia, financial sector, market capitalization, philippine stock exchange, stock exchanges
The Philippine Stock Exchange (PSE) is the primary stock exchange in the Philippines and is also considered as one of the main stock exchanges in Southeast Asia. The PSE was Asia’s first stock exchange, formed in 1927, and is also the longest continually operating exchange. The Philippine Stock Exchange has two trading floors, one at its headquarters in Pasig City and the other in Makati City’s Central Business District. The Philippine Stock Exchange was established by merging two existing exchanges, the Makati Stock Exchange (MkSE), which was formed in 1963 and the Manila Stock Exchange (MSE), established in 1927....
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analysts, credit rating, financial sector, nasdaq, nyse, wall street
With rumors of a possible credit rating downgrade for France, one of the few remaining AAA countries, analysts have noted that there appears to be a heightened level of anxiety among investors. This was reflected in the loss of 520 points for the Dow Jones industrial average on Wednesday, with losses also recorded for the S&P 500 index and the NASDAQ Composite which declined by 52 and 101 points respectively. Stocks were primarily dragged down by the financial sector of the market, and despite reassurances by Bank of America...
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corporate results, federal reserve, financial sector, investors, us economy, wall street
With second quarter corporate results and forecasts offering up a mixed bag of optimism and pessimism, (or realism depending on who you talk to), the mid-week market reflected investor disappointment at Federal Reserve Chairman Ben Bernanke's warning that the US economic outlook remains uncertain. Actually, his words were "unusually uncertain" which is seen by many as an indication that this has come as somewhat of a surprise even to the Fed. However, Bernanke offered reassurance that tightening up of policies will prevent the US economy from falling into recession again,...
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continental, dow jones, financial sector, united airlines, wall street, warren buffet
The upward swing of the market over the past two months, with the Dow enjoying its longest run of positive performance in six years, was brought to an end last week. Heading into the month of May, there varying opinions among stock market investors as to whether the market is entering bear territory, or if this is a minor setback that will be resolved in the coming week.
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citigroup, dow jones, financial crisis, financial sector, jp morgan chase, nasdaq
Friday saw stock market indicators closing at their highest level in a year as Alcoa kicked off the third quarter earnings season by reporting an unanticipated profit. Additional factors behind the surge in stocks included a rally by Intel and IBM as well as better-than-expected economic data which is seen as an indication that the US recession is coming to an end. The Dow Jones industrial average reached 9,864.94, being an increase of around 4 percent, at close of business on Friday, while Standard & Poor's 500 stock index closed at 1,071.49, an increase...
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dow jones, federal reserve, financial sector, nasdaq, securities, wall street
Cautious trading on Wall Street prior to the two day meeting of the Federal Reserve, took a positive turn on Wednesday with major indexes rising early in the session, and rising further still in response to the news that the Federal Reserve considered the economy to be "leveling out" as opposed to the previous view that the decline in the economy had been slowing down, but declining nonetheless. The Fed further revealed that interest rates would remain unchanged at a rate of 0-0.25 percent, going on to warn that economic activity will most likely remain weak...
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dow jones, financial sector, nasdaq, standard & poor, us economy
Both the Dow Jones industrial average and the Standard & Poor’s 500 slipped on Friday ending on a low for the second week running, while the tech-heavy Nasdaq composite managed to notch up a small gain for the week. The rally which had been spurred on by speculation that the U.S. economy is beginning to stabilize, was pushed off track by recent economic reports indicating the road to recovery may still be some way off. A Commerce Department report released on Friday revealed that personal income had surged, however, savings had done the...
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credit card, federal reserve, financial sector, obama administration, trading, wall street
Wednesday on Wall Street was off to a promising start as stocks surged in response to the news that Bank of America"s sale of 1.25 billion shares of stock had raised $13.47 billion, fueling investor hopes that the financial sector is in the process of stabilizing. The results of the government's bank stress test revealed that Bank of America would need $33.9 billion to protect it against losses in the event of the economy worsening. While $13.47 billion is far short of the stress test amount, the bank’s ability...
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