Financial Market News

After a long day of trading, Wall Street hot shots are known to enjoy a fine beverage or two.

Oil edged up to stay above $100 after tumbling more than $2 last week amid expectations more Libyan crude will soon hit markets.

New Zealand service sector activity, which accounts for about two thirds of the economy, rose in June to round out a second quarter almost as buoyant as the first three months of the year.

World financial markets became reacquainted with fear last week, and even if it was short-lived, the ructions in some riskier assets looked to some like a precursor to a much rougher ride down the road.

That's because corporate "report cards" are looming this week from the likes of Bank of America, General Electric, Google and JPMorgan Chase.

Has the stock market, which continues to reach new highs, topped out? Not yet. Here are four reasons I believe the stock market hasn't reached its peak.

At the start of 2014, great concern loomed over the prospects of US interest rates rising by mid-year and the possibility of an accelerated Fed taper to further fuel a hike in bond yields.

Over the last 12 months, average returns on certificates of deposit have remained essentially unchanged, barely budging from their record lows.

A: LeBron's return to the Cleveland may be good news for Cavs fans. But the same isn't true for investors in Cleveland-based stocks.

After a long climb, stock valuations are "excessive by most measures," few new highs have been set and industry trends are not showing broad strength, said Delwiche, investment strategist at Robert W. Baird & Co.

SINGAPORE/JAKARTA - The rupiah led gains in Asia and had its biggest weekly rally in five months on signs Joko Widodo won Indonesia's presidential race, while South Korea's won and India's rupee declined.

A man charged with killing six members of his ex-wife's family, including four children, was the subject of a restraining order obtained by his own mother less than a week before the attack and faced previous... A man accused of killing six members of his ex-wife's family, including four children, collapsed in court Friday as a prosecutor recited ... (more)

With markets driven by sentiment as well as fundamental factors such as growth, dividend payments and inflation, a big sporting defeat can depress the mood of traders and cause the stock market to underperform.

UK shares edged higher on Friday as merger activity helped cigarette makers advance, although the FTSE 100 index was still on course to record a drop of close to 3 percent this week.

After years of funneling cash to investors, companies may be looking to spend more on themselves.

Mumbai, Jul 11: A benchmark index of Indian equities markets was trading 318.07 points or 1.25 percent down on Friday as capital goods and metal stocks dipped.

The Toronto stock market fell Friday amid a disappointing jobs report that showed the Canadian economy lost an unexpected 9,400 jobs in June.

The Dow Jones industrial average, the S&P 500 and the Nasdaq were all drifting between small gains and losses.

Stocks edged mostly lower in early trading Friday as investors assessed corporate news.

European stock markets rebounded Friday after slumping on worries about the soundness of a bank in Portugal, while trading in Asia was muted over the specter of more financial turmoil in Europe.