Wednesday, April 16, 2014   

S&P 500 touches new record high
(12-10 09:41)

US stocks edged higher Monday as a Federal Reserve official suggested that the central bank could take a small step next week to reel in its stimulus program.
The Dow Jones Industrial Average finished up 5.33 points (0.03 percent) at 16,025.53.
The broad-based S&P 500 advanced 3.28 (0.18 percent) to 1,808.37, a new record high, while the tech-rich Nasdaq Composite added 6.23 (0.15 percent) at 4,068.75.
James Bullard, the president of the Fed's St. Louis branch, said in a speech that “a small taper'' of the US$85 billion a month asset-purchase program might be a possibility as Fed policy makers wrestle with how to respond to signs of improvement in the economy and jobs market.—AFP

Other Business breaking news:
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Bitcoin exchange MtGox placed in administration (1 hr 51 mins ago)
Singapore institutional investors show interest in RQFII (1 hr 54 mins ago)
Hang Seng inches up, Shanghai slips (04-16 16:39)
Supermarket Tesco books higher net profit (04-16 15:48)
European equities open higher (04-16 15:47)
Nikkei soars (04-16 14:50)
European Parliament gives green light to 'banking union' reforms (04-15 19:12)
Imperial Tobacco announces closure of factories in Britain, France (04-15 19:03)
BOJ vows to reach inflation target (04-15 18:49)

More breaking news >>

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