US stocks edge up, but bonds soar


  • Business Premium
  • Sunday, 02 Mar 2003

NEW YORK: Stocks ended slightly higher on Friday after renewed concerns about a US war with Iraq halted an early rally and drove investors to buy bonds. 

In the morning, stocks jumped and bonds slipped after the government reported that US gross domestic product grew at an annual rate of 1.4% in the fourth quarter of 2002 – twice the previously reported rate – and above analysts’ forecasts for a 1% gain. 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

CapitaLand to reduce reliance on retail, ventures into industrial real estate, logistics, data centres Premium
Report: Affin Bank to dispose of asset management arm for over RM2bil Premium
BHIC to cooperate with MACC in combat vessels probe Premium
Uzma unit bags EnQuest job worth RM30mil Premium
Khairussaleh Ramli to be appointed Maybank president, CEO Premium
Bursa Malaysia rebounds on bargain hunting at final hour Premium
Azman Hashim to retire from AMMB board Premium
Azmin: Genting Hong Kong bankruptcy has no impact on Malaysian economy Premium
China property shares slump as planned U.S. rate hike adds to woes Premium
U.S. yields rise, Asian shares and European futures tumble as Powell warns on inflation Premium

Others Also Read


Vouchers