ECONOMY & MARKETS

A pedestrian walks past the NASDAQ building in New York City

Most Active NASDAQ Movers (BERK, WSB, BSET ACAT, NFLX, HWKN, PNBC, SPAN, SHOR, FFBC)

The top companies trading higher in NASDAQ stock market during Thursday's early session are: Berkshire Bancorp, WSB Holdings, Bassett Furniture Industries, Arctic Cat, and Netflix. The top companies trading lower in NASDAQ stock market during Thursday's early session are: Hawkins, Princeton National Bancorp, Span-America Medical Systems, ShoreTel, and First Financial Bancorp.
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Pre-market movers on Jan. 27

The companies whose shares are moving in pre-market trade on Thursday are: Netflix, Teradyne, Qualcomm, Symantec, AT&T, Goodyear Tire & Rubber and Procter & Gamble.

US futures edge higher ahead of economic data

Futures on major U.S. stock indices point to a modestly higher opening on Thursday ahead of economic data including durable goods orders and pending home sales as well as slew of earnings reports.

China Q1 GDP seen up 9 pct y/y, CPI up 5 pct -report

China's annual economic growth is expected to ease to about 9 percent in the first quarter while consumer inflation is projected at 5 percent, according to a government think tank report published in the official Chinese Securities Journal on Thursday.
A worker cleans a Hero Honda logo inside its showroom in Hyderabad

Goldman Sachs downgrades Hero Honda, M&M

Goldman Sachs on Thursday downgraded motorcycle maker Hero Honda and utility vehicles maker Mahindra & Mahindra to sell, from neutral and buy ratings respectively.
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BSE Sensex drops; M&M, Sterlite fall

The BSE Sensex erased early gains and was trading down 0.4 percent on Thursday, as the near-term outlook for foreign funds' interest was far from promising due to better prospects elsewhere.
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Gold rises after Fed as ETFs shed bullion

Gold rose on Wednesday, snapping a four-day losing streak, after the Federal Reserve's lukewarm economic assessment and its plan to complete its bond-buying program boosted bullion's safe-haven appeal.
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Algeria must tackle youth unemployment: IMF

Algeria must urgently create jobs for its young unemployed, the International Monetary Fund (IMF) said in a report published on Wednesday, highlighting a problem that has fuelled unrest throughout the region.

Algeria steps up grain imports, eyes Tunisia virus

Algeria confirmed it bought almost a million tonnes of wheat on Wednesday and ordered an urgent speeding up of grain imports, a move seen heading off unrest over food prices as protests swept north Africa.

New home sales rose to 329,000 in December

New home sales in the U.S. in December climbed to 329,000 on annual basis, official data showed on Wednesday, suggesting that the housing market remained moderately robust despite an unsustainable unemployment rate and high foreclosures.

US stocks open mixed, Boeing weighs on Dow

US stocks are trading mixed in early trade on Wednesday as declines from Boeing weighed on Dow, while investors and markets await the US Federal Reserve’s meeting and interest rate decision.

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