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Economy 24 Feb 2018 | 12:00 AM

Correction or bear market?

WHEN the Dow Jones and S&P 500 corrected sharply after falling by some 10.2% over two weeks, many pointed out that this was a correction instead of a bear market.

Markets 10 Feb 2018 | 12:00 AM

Pullback healthy for the market

The local market appears to be playing catch-up with the wildly-swinging Dow Jones. Analysts however say increased volatility provides more trading opportunities.

Property 18 Mar 2017 | 12:00 AM

Stock markets shrug off Fed rate hike

ON Wednesday, the Federal Reserve raised its benchmark rate for the second time in three months, this time to a range of between 0.75% and 1%.

Business 26 Feb 2016 | 6:21 PM

Wall Street pares gains as data raises rate hike chances (Update 1)

NEW YORK: Wall Street pared early gains on Friday after stronger-than-expected US GDP and consumer spending data raised the likelihood of the Federal Reserve hiking interest rates sooner than expected.

Business 26 Feb 2016 | 3:43 PM

Wall Street gains on strong GDP data; oil eases

NEW YORK: Wall Street inched higher on Friday after data showed that a slowdown in US economic growth was not as bad as expected, but gains were capped as oil prices came off sessions highs.

Business 25 Feb 2016 | 3:16 PM

Wall Street higher as manufacturing activity rebounds

NEW YORK: Wall Street was slightly higher in choppy trading on Thursday morning as data showed an uptick in US manufacturing activity, but gains were limited by a drop in oil prices.