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Mixed week for US stocks as tech equities slump

Last Updated: Saturday, May 10, 2014, 13:20

US stocks finished the week with solid gains Friday, but it was not enough to lift the tech-rich Nasdaq Composite Index into the black for the week.

Dow, S&P gain on Yellen; Nasdaq ends down for 2nd day

Last Updated: Thursday, May 08, 2014, 09:39

US stocks mostly rose on Wednesday after comments from Federal Reserve Chair Janet Yellen signalled continued support for the economy, but the Nasdaq fell for a second session as momentum names sold off.

Yellen cites housing, geo-political risk to US economy

Last Updated: Wednesday, May 07, 2014, 21:13

Federal Reserve Chair Janet Yellen said the central bank will continue to provide a high degree of monetary policy accommodation, and cited geo-political turmoil and weak housing data as risks to the US economy.

US economy to grow solidly after winter freeze: Yellen

Last Updated: Wednesday, May 07, 2014, 21:11

The US economy is on track for "solid growth" in the second quarter after the winter freeze, US Federal Reserve Chair Janet Yellen said Wednesday.

Gold price extends gains to third day as rate hike fears ease

Last Updated: Thursday, April 10, 2014, 10:58

Gold extended gains to a third session on Thursday, scaling fresh two-week highs, after minutes from the Federal Reserve`s policy meeting showed that officials were not keen on increasing interest rates anytime soon.

'Fed officials fretted over investor reaction to rate forecasts'

Last Updated: Thursday, April 10, 2014, 10:38

Federal Reserve officials fretted last month that investors would overreact to policymakers` fresh forecasts on interest rates that appeared to map out a more aggressive cycle of rate hikes than was actually anticipated.

Fading winter to lift US payrolls, push down jobless rate

Last Updated: Friday, April 04, 2014, 12:29

The U.S. economy likely created jobs at the fastest pace in four months in March as it shifted into a higher gear after being held back by a brutally cold winter.

Gold price languishes at 7-week low as fund outflows resume

Last Updated: Tuesday, April 01, 2014, 10:58

Gold hit a fresh seven-week low on Tuesday, after posting its first monthly drop of the year.

Asian shares hit four-month high on China data, Yellen

Last Updated: Tuesday, April 01, 2014, 10:40

Asian shares hit four-month high on Tuesday after China`s official PMI survey showed manufacturing managed to continue expanding in March, and dovish comments from Federal Reserve Chair Janet Yellen.

Janet Yellen lifts Wall Street; S&P up for month, quarter

Last Updated: Tuesday, April 01, 2014, 02:06

US stocks rose on Monday, with the S&P 500 ending both March and the first quarter of 2014 with gains, after Federal Reserve Chair Janet Yellen calmed concerns about a rate hike coming earlier than expected.

Yellen: Slack US labor market still needs Fed support

Last Updated: Monday, March 31, 2014, 23:17

While the official unemployment rate has fallen quickly over the past two years to 6.7 percent, she said that level remains deceptive.

Gold price at 6-week low; down nearly 3% in March

Last Updated: Monday, March 31, 2014, 13:55

Gold fell 0.1 percent to USD 1,291.80 an ounce Monday, not far from a six-week low of USD 1,285.34 hit on Friday.