Arab Today, arab today us stocks higher on hopes of cyprus deal
Last Updated : GMT 11:17:56
Arab Today, arab today
Arab Today, arab today

US stocks higher on hopes of Cyprus deal

Arab Today, arab today

Arab Today, arab today US stocks higher on hopes of Cyprus deal

Washington - AFP

US stocks moved higher Wednesday in anticipation of a possible resolution to the Cyprus crisis and the outcome of a two-day Federal Reserve monetary policy meeting. About 35 minutes into trade, the Dow Jones Industrial Average rose 76.45 (0.53 percent) to 14,532.27. The broad-based S&P 500 jumped 8.84 (0.57 percent) to 1,557.18, while the tech-heavy Nasdaq Composite Index increased 19.71 (0.61 percent) to 3,248.80. Briefing.com analyst Patrick O'Hare attributed the rise in the S&P 500 to "headlines suggesting Cyprus may be on the verge of working out a solution with Russia to its financial problems." The market also was looking ahead to the Federal Open Market Committee's post-meeting statement that was expected to reaffirm the Fed's loose monetary policy. Federal Express slipped 4.2 percent after reporting earnings that came in below expectations. The company also gave a tepid outlook for 2013, noting "accelerating customer preference for lower-yielding international services." American Realty Capital Properties, a real estate investment trust specializing in commercial properties, fell 0.8 percent after announcing that it proposed to buy Cole Credit Property Trust III for more than $9 billion, including assumption of debt. Homebuilder Lennar Corp. edged up 0.6 percent after reporting solid quarterly earnings and observing strong trends in the housing market, such as higher home prices. Williams-Sonoma leaped 7.8 percent after announcing a 41 percent dividend increase and a three-year $750 million stock repurchase program. Anadarko Petroleum and its partners moved higher after announcing a significant petroleum discovery in the Gulf of Mexico. Anadarko rose 4.0 percent, Cobalt International leaped 9.9 percent, Marathon Oil added 1.9 percent and ConocoPhillips climbed 0.8 percent. Valeant Pharmaceuticals gained 3.1 percent after announcing a plan to acquire Obagi Medical Products, another pharmaceutical company. Obagi surged 7.0 percent. Bond prices fell. The yield on the 10-year Treasury rose to 1.95 percent from 1.91 percent late Tuesday, while the 30-year rose to 3.17 percent from 3.13 percent. Prices move inversely to yields.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks higher on hopes of cyprus deal Arab Today, arab today us stocks higher on hopes of cyprus deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks higher on hopes of cyprus deal Arab Today, arab today us stocks higher on hopes of cyprus deal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday