U.S. stocks closed lower Wednesday. In U.S. economic news, the Labor Department said that producer prices popped 0.6 percent in April, good for the biggest jump since September 2012. Economists had modeled for a softer increase of 0.2 percent. Investors will get to see whether or not producers passed those higher prices down to customers Thursday when the government releases its consumer price index. In international economic news, European markets closed largely flat. Shares of GlaxoSmithKline moved higher even after China charged a former executive with arranging a bribery scheme. Asian markets closed mixed. In corporate news, Sears Holdings fell almost 6 percent after the company revealed plans to either unload its 51 percent stake in Sears Canada or sell the brand north of the border entirely. The announcement came as Sears struggles to stem the bleeding in its core business. Macy's was flat today after it announced quarterly earnings that topped estimates by a penny, and slightly lagging sales. On the positive side, the company hiked its dividend by 25 percent and boosted share buyback plans by $1.5 billion. Tractor company Deere reported profits and sales that topped forecasts, but the company dimmed its outlook amid declining equipment sales. Sony slumped 7 percent after showing sales rose but projecting a full-year loss of $489 million, its sixth in seven years. The dollar gained ground against the euro and the pound, but lost ground versus the yen. Light sweet crude oil for June delivery added 67 cents to $102.37 a barrel on the New York Mercantile Exchange. Gold futures climbed $11.10 to $1,305.90 an ounce. The Dow Jones industrial average dropped 101.47, or 0.61 percent, to 16,613.97. The broader Standard & Poor's 500 index fell 8.92, or 0.47 percent, to 1,888.53. The technology-heavy Nasdaq composite index lost 29.54, or 0.72 percent, to 4,100.63.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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