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| Stocks & Bonds | [1-10 of 17 stories]
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Thursday's midday trade: technology shares weigh on NasdaqNEW YORK (July 30, 2010): Slashed outlooks from Nvidia Corp and Symantec Corp knocked chipmakers lower on Thursday, raising questions about demand for technology components and igniting a broad selloff. Nvidia Corp was down 9.8 percent to $9.14, and Symantec Corp, the world's No 1 security software maker, fell 11.7 percent to $12.95.
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Wall Street falls on weak economic outlookNEW YORK (July 30, 2010): US stocks fell on Wednesday after weak durable goods figures and a downbeat assessment of the economy from the Fed's Beige Book kept the benchmark S&P 500 trapped below its 200-day moving average. A three-day rally built on strong earnings boosted the index to close Monday above its 200-day moving average, a closely watched measure of market direction. It has since stalled as trading remains rangebound and technically driven.
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Nikkei retreatsTOKYO (July 30, 2010): Japan's Nikkei fell 0.6 percent on Thursday after hitting a two-week closing high the previous day, as weak orders for US durable goods and a downbeat take on the US economy from the Federal Reserve spurred profit-taking. Panasonic Corp slid 7.7 percent after sources told Reuters it would buy out units Sanyo Electric and Panasonic Electric Works, raising up to $5.7 billion in a new share issue to finance the deal.
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UK's top shares index dipsLONDON (July 30, 2010): Britain's top shares closed easier on Thursday as a retreat from banks and investor caution ahead of US growth data on Friday offset a batch of robust UK corporate earnings from companies including AstraZeneca. The FTSE 100 closed down 5.73 points, or 0.1 percent, at 5,313.95, after it ended 0.9 percent lower on Wednesday.
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European shares down; banks slipLONDON (July 30, 2010): European shares closed lower on Thursday, pressured by falls on Wall Street and with a late sell-off in heavyweight banks offsetting upbeat results from companies including Capgemini. The pan-European FTSEurofirst 300 index of top shares closed 0.4 percent lower at 1,046.90 points, reversing earlier gains, as downbeat outlooks from Nvidia and Symantec stung chipmaker shares on Wall Street.
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Indian shares upMUMBAI (July 30, 2010): Indian shares eked out a 0.2 percent gain on Thursday in choppy trade with investors mostly adjusting positions on the last day of monthly derivatives contracts on the National Stock Exchange. The annual four-month monsoon rains, which are vital for India's trillion-dollar economy were 38 percent higher than normal in the week to July 28, the weather office said, bouncing back from a 17-percent deficit in the previous week.
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Taiwan stocks upTAIPEI (July 30, 2010): Taiwan stocks rose 0.18 percent on Thursday with smartphone maker HTC jumping by its maximum daily limit after comments from Sprint on strong demand for one of HTC's phones. Heavyweight TSMC ended flat, erasing falls during the session. Shortly before the market closed, the world's top contract chip maker posted a record quarterly profit.
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Shanghai shares hit two-month high; Hang Seng Index a shade higherHONG KONG (July 30, 2010): Shanghai stocks rose to a two-month high on Thursday as steel companies rallied on expectations that China's government will maintain its loose monetary policy through the rest of the year. China's main stock market ended the day up 0.6 percent at 2648.12 points, after hitting its highest level since May 31 earlier in the session.
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Southeast Asian stocks: Indonesia post fresh all-time highBANGKOK (July 30, 2010): Indonesian stocks marked a fresh all-time high on Thursday and most other markets in the region pushed higher after companies reported better-than-expected quarterly earnings. Even so, Indonesia's main share index ended up 1.3 percent at 3,096.82, a shade below the record high of 3,097.19 hit during the day. That increased its gain this year to 22.2 percent, making it Asia's second best performing bourse.
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