Stocks, Commodities & Currencies

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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Japan Nikkei Stock Index Closes at Highest Level Since 2008

February 6, 2013

“The Nikkei jumped 3.77 per cent, or 416.83 points, to 11,463.75 on a spike in risk sentiment and as the yen plunged on surprise news that the head of the Bank of Japan would quit early.”

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U.S. Stocks: Dow Jones Industrial Average Hits 14,000 For First Time Since October 17, 2007

February 1, 2013

“The last time we got to 14,000 it was thanks to the explosive growth of infrastructure building and commodity consumption in the emerging markets along with a peaking credit bubble – the likes of which the world had never seen before.”

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U.S. Stock Indexes Record Best January Performance Since 1994

January 31, 2013

“The Dow Jones Industrial Average fell 49.84 points, or 0.4%, to 13,860.58, leaving it with a 5.8% gain for January, its best monthly rise since October 2011 and its strongest monthly start to a year since 1994.”

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Disappointing U.S. Gross Domestic Product (GDP) Pushes Stocks Downward

January 30, 2013

“The Dow Jones industrial average fell 44 points, or 0.3 percent, to close at 13,910.42, logging only its second decline in nine days. The Standard & Poor’s 500 fell 6 points, or 0.4 percent, to 1,501.96, its biggest decline since Dec. 28.”

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Stocks: S&P 500 Index Posts First Seven-Day Positive Streak Since October 2006

January 25, 2013

“The S&P 500 squeezed out a gain of 0.01 points to finish at 1,494.82, logging its first seven-day win streak since October 2006. Earlier, the index crossed above 1,500 for the first time since December 2007.”

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Stocks: S&P 500 Trades Above 1,500 For The First Time Since December 2007

January 24, 2013

“The S&P 500 rallied to cross above the 1,500 level for the first time since December 2007 Thursday, boosted by a pair of better-than-expected economic data and earnings, but Apple results weighed on the tech sector, pushing the Nasdaq into negative territory.”

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Portugal Resumes Selling 5-Year Bonds For the First Time Since it Received a Bailout in May 2011

January 24, 2013

“Portugal sold 2.5 billion euros ($3.33 billion) of five-year bonds through banks, the first offering of that maturity in almost two years as it makes progress in regaining access to long-term debt markets.”

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