Even as Europe’s debt crisis spirals out of control, Wall Street is casting an eye on a fast-approaching congressional deadline that could spark a debt crisis this side of the Atlantic. US investors — for weeks preoccupied with the tumult raging in Greece and the broader eurozone — are starting to look with trepidation at the November 23 deadline for a Congressional committee to... 

US stocks ended a choppy session mixed Thursday amid skepticism that European leaders will forge a deal on resolving the eurozone debt crisis in coming days. The Dow Jones Industrial Average climbed 37.16 points (0.32 per cent) to finish at 11,541.78. The broader S&P 500 rose 5.51 points (0.46 per cent) to 1,215.39, while the tech-heavy Nasdaq Composite dropped 5.42 points (0.21 per cent) to 2,598.62. Divisions... 

Asian markets fell Thursday on lingering eurozone debt fears and following losses on Wall Street as the Federal Reserve warned that the US economy was still weak. As traders nervously awaited a weekend summit of European Union leaders, there were concerns that a plan to deal with the region’s crisis would not be far-reaching enough. Tokyo closed 1.03 per cent, or 90.39 points, lower at 8,682.15,... 

Stock futures pointed to a higher open for equities on Wall Street on Monday after strong gains in the previous session, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.7 to 0.9 per cent. New York Federal Reserve releases its Empire State Manufacturing Survey for October at 1230 GMT. Economists expect a reading of -4.00 compared with -8.82 in September. The Federal Reserve... 

Apple shares fell only slightly on Wall Street on Thursday as investors digested the stunning announcement of the resignation of the company’s co-founder and visionary Steve Jobs. Shares in the Cupertino, California-based gadget-maker shed 0.65 per cent to close at $373.72 after having dropped as much as 5.3 per cent in after-hours trading overnight following the announcement. Jobs, who underwent... 

Gold jumped to a record high on Friday and global equity markets extended a sharp sell-off as fears of a global recession and a funding crunch for regional banks in Europe intensified. Gold prices rallied more than 2.5 percent as investors sought refuge from a second day of hefty losses in stocks as equity markets reeled on fears of stalling economic growth around the world. Wall Street stocks... 

Global stock markets were firmer in cautious trade Monday, steadying after the upheaval of last week on fears US and eurozone debt crises would push the world economy back into recession. Wall Street got off to a strong start on a series of major takeover deals, helping Europe pick up after Asian markets moved ahead sharply following figures showing the Japanese economy doing better than expected. However,... 

Fear returned to Wall Street on Wednesday, sending the S&P 500 to another 4 per cent decline, triggered by worries that Europe’s debt crisis could engulf French banks and spill onto the U.S. financial sector. Trading was once again marked by sharp moves on heavy volume. For a fifth straight day, the Dow industrials fluctuated in a range of more than 400 points. “What you’re seeing... 

Asian stock markets jumped Wednesday following a surge on Wall Street triggered by a Federal Reserve pledge to keep interest rates super low for the next two years to help the ailing U.S. economy. Oil prices rose to near $82 a barrel, while the dollar slid against the yen and the euro. The Dow Jones industrial average finished Tuesday with a 429-point gain after the Fed said it would keep its key... 

Asian stocks nose-dived Monday as the first-ever downgrade of the U.S. government’s credit rating jolted the global financial system, reinforcing fears that the world economy is weakening. Oil prices extended recent sharp losses, trading below $84 a barrel on expectations that weaker global growth will crimp demand for crude. The dollar was lower against the yen and the euro. Among the major...