December 21, 1998 |
U.S. assets, especially the dollar, are expected to suffer today following the impeachment of President Clinton but a major sell-off on global markets is not in store, analysts said. The House of Representatives impeached Clinton on Saturday, setting the stage for the second Senate trial in U.S. history to determine whether a president should be removed from office. The news will weigh on the dollar but only be a mild negative for stocks and Treasuries, analysts said.
November 7, 1989 |
Shares in Euro Disneyland SCA rose sharply Monday, the first day of official trading on London and Paris stock exchanges. Euro Disneyland, which is half-owned by Walt Disney Co., has sold about $1 billion worth of stock to investors throughout Europe to help pay for a new Disney theme park to be opened in France in 1992. Euro Disneyland shares closed at 879 pence, or $13.80, a share in London, up from the offer price of 707 pence, or $11.
April 11, 2010 |
Mutual funds that focus on small and mid-size stocks were at the top of the leader board in the first quarter. That's a classic bet on a stronger U.S. economy, because smaller firms tend to be more dependent on the domestic economy for their sales and earnings -- as opposed to blue-chip companies that operate world- wide. Funds that own small-capitalization value stocks -- shares believed to be undervalued relative to a firm's earnings or assets -- recorded a total return of 9.3%, on average, according to Morningstar.
July 5, 2001 |
Stocks fell overseas Wednesday, pulled lower chiefly by the technology and telecommunications sectors. U.S. markets were closed for the Independence Day holiday. They will reopen today. In Japan, the 225-issue Nikkei stock average declined 1.5%, weighed down by selling in blue-chip technology shares, including Sony, Matsushita Electric Industrial, Hitachi, TDK and NEC.
March 31, 1998 |
Mutual fund fever is sweeping Europe. With short-term bank and bond yields in much of Europe lower than even U.S. interest rates, individual investors in Europe have been shoveling cash into stock funds at a brisk pace in search of higher returns. Salomon Smith Barney Inc. analyst A.
July 24, 2002 |
The dollar resurged Tuesday and gold tumbled, both hinting that fear levels on Wall Street may be about to recede. The dollar scored its biggest one-day gain in 10 months against the euro, with the latter ending in New York at 98.9 cents, down from $1.01 on Monday. The greenback also rallied against the yen, closing at 117.54 yen, versus 116.35 Monday. In commodities trading, near-term gold futures plunged $10.90 to $312.70 an ounce in New York.