Stocks surged to 2009 highs on Friday after a surprising increase in existing home sales offered solid evidence of a recovery and positive comments from Federal Reserve Chairman Ben Bernanke bolstered optimism about the economy.
Oil rose nearly $1 toward $74 a barrel on Friday, after earlier hitting 2009 highs, as data in the United States promised economic recovery and a potential revival in energy demand.
Bernanke clear on recovery, Slump seems like near end, 3 years for ex-UBS banker
U.S. Federal Reserve chief Ben Bernanke on Friday offered his clearest signal yet that he thinks a global recovery is at hand, but warned growth would be sluggish and unemployment stubbornly high.
U.S. stocks rallied to new 2009 highs on Friday on positive comments from Federal Reserve Chairman Ben Bernanke and data showing existing home sales rose for the fourth consecutive month.
Stock indexes rose on Friday to fresh 2009 highs, as better-than-expected U.S. existing home sales and positive economic surveys in Europe added to optimism the economy was on the mend.
Stocks rose on Friday, sending the S&P 500 index to a 10-month intraday high, as better-than-expected July existing home sales in the United States, following positive economic surveys in Europe, added to optimism the economy was on the mend.
Oil touched a high for this year above $74 a barrel on Friday ahead of further pointers on the economic health of the United States and as the dollar flagged against a stronger euro.
Stock index futures pointed to a higher open on Friday, spurred by positive economic data from Europe, as investors awaited a U.S. report on existing home sales and a speech by Federal Reserve Chairman Ben Bernanke on the lessons from the financial crisis.
Stocks rose on Friday after positive economic data from Europe and ahead of a U.S. report on existing home sales and a speech by Federal Reserve Chairman Ben Bernanke on the lessons from the financial crisis.
Stock index futures rose on Friday as investors looked to a speech from Federal Reserve Chairman Ben Bernanke and new data on the sale of existing homes for a fresh insight into the economy.
Oil touched a high for this year above $73 a barrel on Friday ahead of further pointers on the economic health of the United States and as the dollar flagged against a stronger euro.
Stock index futures rose on Friday as investors looked to a speech from Federal Reserve Chairman Ben Bernanke and new data on the sale of existing homes for a fresh insight into the economy.
Oil touched a year-high above $73 a barrel on Friday ahead of further pointers on the economic health of the United States and as the dollar flagged against a stronger euro.
Oil rose over $73 a barrel on Friday, off a seven-week high, ahead of further pointers on the economic health of the United States, the world's top energy consumer.
Oil eased below $73 a barrel on Friday, tracking back from a seven-week high, as caution braked gains ahead of further pointers on the economic health of the United States, the world's top energy consumer.
Stock index futures pointed to a lower open on Wall Street on Friday, with futures for the S&P 500 down 0.12 percent, Dow Jones futures down 0.39 percent and Nasdaq 100 futures down 0.42 percent at 0730 GMT.
Oil eased below $73 a barrel on Friday, reversing an earlier surge to a seven-week high, as optimism over the pace of demand recovery in top energy consumer, the United States, faded on the back of mixed economic data.
Oil eased below $73 a barrel on Friday, reversing an earlier surge to a seven-week high, as optimism over the pace of demand recovery in top energy consumer, the United States, faded.
Two years after the start of the worst global financial crisis since the Great Depression of the 1930s, policy-makers from around the world gather this week to think about how to prevent it from happening again.
Billionaire investor Warren Buffett said the U.S. economy has avoided a meltdown and appears on a slow path to recovery, but Congress must now deal with enormous amounts of debt that threaten to erode U.S. purchasing power.
U.S. stocks could extend last week's retreat after a four-week advance as the earnings season winds down and investors search for signs that consumer spending will help sustain an economic recovery.
