Stocks, Commodities & Currencies

Bubble Burst: Price of Gold Declines 8%, Biggest Drop Since 1983

April 15, 2013

“Gold for April delivery, the front-month contract, was down 8.6% at $1,372.10 a troy ounce on the Comex division of the New York Mercantile Exchange at midday in New York, its lowest price in more than two years.”

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U.S. Stocks: Dow Jones Industrial Average Posts Best First Quarter Since 1998

March 28, 2013

“The S&P finally surpassed its closing high level of 1,565.15 shortly after the market open after flirting with the milestone for weeks, recovering all its losses from the financial crisis.”

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U.S. Regulators Approve NASDAQ Plan to Pay Customers $62 Million For Facebook IPO Losses

March 25, 2013

“The approval of the plan by the Securities and Exchange Commission marks an end to months of uncertainty among brokers over potential relief for losses from the social-networking company’s May 2012 initial public offering.”

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Global Equity Markets Decline on Uncertainty Surrounding Cyprus Bailout Deal

March 25, 2013

“Cypriot policymakers reached an 11th-hour deal with the European Union, the European Central Bank and the International Monetary Fund to shut down the country’s second largest bank in return for $13 billion in rescue funds.”

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U.S. Stocks Post Flat Trading Day Partially Due to Financial Crisis in Cyprus

March 19, 2013

“The Standard & Poor’s 500-stock index fell 0.2 percent by the close of trading, and the Nasdaq composite index dropped 0.3 percent, while the Dow Jones industrial average gained 3 points.”

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Venezuela to Create Foreign Exchange Mechanism Allowing Citizens Another Channel to Buy U.S. Dollars

March 18, 2013

“He didn’t provide specific details, but people familiar with central bank deliberations last week said the government will allow dollars to be bought at rates much weaker than the fixed rate.”

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Stocks: Dow Jones Posts Ninth Consecutive Positive Day; Longest Winning Streak Since 1996

March 13, 2013

“The Dow has set record closing highs for seven straight days.”

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U.S. Securities and Exchange Commission Approves Required Routine Testing of Computer Trading Systems

March 9, 2013

“The Securities and Exchange Commission voted 4-0 to seek comment on rules that would require routine testing of trading systems. The exchanges would also be required to notify the SEC about a problem, including a system compromised by hacking.”

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Stocks: Dow Jones Industrial Average Closes at All-Time High For Fourth Consecutive Day

March 9, 2013

“Shortly after the close, the Dow was sitting at 14,397.07, up 67.58 or 0.47%. The blue-chip index traded as high as 14,413.17 but couldn’t hold on.”

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U.S. Stocks: Dow Jones Industrial Average Closes Even Higher, Setting New All-Time High

March 6, 2013

“In other trading, the Standard & Poor’s 500 index rose 1.67 points, or 0.1 percent, to 1,541.46. The Nasdaq slipped 1.77, less than 0.1 percent, to 3,222.36.”

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U.S. Stocks: Dow Jones Industrial Average Closes At All-Time High of 14,254

March 5, 2013

“The Dow Jones Industrial Average climbed 126 points, or 0.89%, to 14254, the S&P 500 gained 14.6 points, or 0.96%, to 1540 and the Nasdaq Composite rose 42.1 points, or 1.3%, to 3224.”

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U.S. Stocks: Dow Jones Industrial Average and S&P 500 Trading at Highest Level in 5 Years, Close to All-Time Highs

February 19, 2013

“The Dow and the S&P 500 have both rallied 7 percent since the beginning of the year.”

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European Central Bank President’s Concerns About Currency Push Euro Value Even Lower

February 8, 2013

“Mario Draghi said on Thursday that the exchange rate is important for growth and price stability and that he wants to see “whether the appreciation is sustained and will alter our risk assessment as far as price stability is concerned.”

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Political and Economic Uncertainty in Spain Force More Borrowing at Triple-Bond Auction

February 7, 2013

“In all, it sold 4.6 billion euros worth of the three bonds, slightly higher than the top end of its target range. Demand was strong, continuing the trend from January when Spain saw yields on shorter-term paper falling to ten-month lows.”

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Canada Drops Penny From Its Currency System

February 6, 2013

“The cost of the metal that goes into a penny has surged in recent years, making the coin’s production more expensive than its face value.”

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