November 25, 2012 |
CAIRO - Security forces built a wall to contain stone-throwing protesters and Egypt's stock exchange tumbled Sunday amid growing unrest over President Mohamed Morsi's decision to expand his powers in a nation dispirited and angered by months of uncertainty. The country's main stock index fell nearly 10% in one of the most bruising days of trading since the 2011 uprising that toppled longtime autocrat Hosni Mubarak. Morsi's power grab left traders fearful that foreign investors - desperately needed to rescue Egypt's troubled economy - would shy away from the nation in light of the latest spasm of political instability.
October 31, 2012 |
Hurricane Sandy's tumultuous passage through the East Coast left a muddled picture on Wall Street, bumping up stock for companies key to pre-storm prep and post-tempest reconstruction while tamping down others suffering from lost sales. Stock exchanges reopened Wednesday after shutting down for two days to wait out the weather. After rising early in the day, stocks overall dropped into negative territory in midday trading. Home Depot, which extended its weekend hours at its Northeast stores as residents rushed to buy supplies, enjoyed a 4.9% bump as its stock rose as high as $63 a share in morning trading.
October 30, 2012 |
WASHINGTON -- The National Weather Service's websites for the Eastern part of the U.S. were operating in backup mode Tuesday, offering limited updated information on the remnants of Hurricane Sandy after suffering a systems failure earlier in the day. Disruptions in the websites serving the Eastern region were caused by a cut fiber-optic line, said Sean Potter, a weather service spokesman. "As this issue is being resolved, we are now...
October 30, 2012 |
U.S. stock markets plan to reopen Wednesday after being shuttered for two days following the arrival of Hurricane Sandy. The New York Stock Exchange's parent company, NYSE Euronext, said trading would commence as usual with a 9:30 a.m. EDT opening bell. The NYSE said it was in coordination with all U.S. stock, bond, options and derivatives markets. The New York Stock Exchange's building and trading floor are "fully operational" despite flooding in Manhattan's financial district.
October 28, 2012 |
The New York Stock Exchange said it plans to open for trading Monday despite the threat of disruptions as Hurricane Sandy barrels toward the East Coast. NYSE Euronext said it is "monitoring the advance of Hurricane Sandy and preparations are in place for our U.S. markets to operate normally on Monday. " A spokesman for the Nasdaq Stock Market couldn't be immediately reached. New York's major airports were preparing to shut down late Sunday and airlines were canceling hundreds of flights in and out of the area.
September 14, 2012 |
Investors' faith in the stock market has been shaken badly in recent years, and Wall Street's latest trading snafu could further chip away at their trust. The New York Stock Exchange agreed Friday to pay $5 million to settle charges that it made stock quotes available to select customers before the general public. It was the first-ever monetary penalty against a stock exchange. The fine itself was a pittance by Wall Street standards, and professionals got the quotes by only seconds, or even fractions of a second, before everyone else.