Wall St rallies on labour market data, earnings


07/02/2014 09:41 AST

US stocks posted their best day of the year on Thursday after a drop in applications for unemployment insurance boosted confidence in the economy and Disney's results overshot expectations.

The rally came ahead of the widely-followed payrolls report for January due Friday, which some are expecting to be affected by the extreme weather that hit much of the United States. December's number was a much-lower-than-expected 74,000 and an upward revision wouldn't be a surprise.

Initial claims for state unemployment benefits declined 20,000 last week to a seasonally adjusted 331,000. While the data has no direct bearing on January's employment report it bodes well for the jobs market and the overall economy.

For more on this Click Here

Business Times
Global News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
GFH 0.5 1,361,733
QNBK 135 62,706
BKSB 0.14 70,617
DANA 0.62 13,288,208
SABIC 98.09 2,208,800
EEC 18.02 328,623
ALINMA 16.47 22,194,374
Recent News

GCC project awards to stay steady at $117bn this year
The total value of contract awards in the GCC projects market this year is expected to stay steady at $117 billion compared to last year, a report said.

The GCC projects market had a mute

No ban on Qatari riyal exchange, Saudi says
Saudi Arabia’s central bank said on Sunday it has not banned trading in the Qatari riyal after the country severed diplomatic ties with Doha more than two months ago and clarified that visiting Qata

Saudi Arabia’s stocks rise for third day on Al Rajhi gains
Stocks in Saudi Arabia, the region’s biggest equity market, rose for a third day boosted by gains in the kingdom’s largest lender by market capitalisation.

Benchmark indexes in other GCC m

Dana Gas moves to lift court injunction in sukuk case
Dana Gas, a Sharjah-based oil and gas exploration firm, has filed an application with the emirate’s Federal First Instance Court to lift an injunction, protecting it against claims related to its US$

Qatar gains as Gulf stocks find support from robust oil price
The Qatar index rose 0.3% to 9,134 points yesterday, as most stock markets in the Gulf rose modestly, lifted by a rally in oil prices at the end of last week. Three small to mid-sized Saudi Arabian

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?