Stocks extend Wednesday’s slide after Philadelphia Fed data
U.S. stocks extended their slide on Thursday after an index of manufacturing activity in the Philadephia region unexpectedly fell in January. The disappointing report offered a fundamental negative catalyst into technical selling.
In addition, the Labor Department said workers filing for unemployment benefits for the first time rose by 36,000 to 482,000 last week. Economists polled by Thomson Reuters were expecting a small drop. The four-week average rose for the first time since August.
Stocks push higher as Dubai gets $10B bailout and Citigroup agrees to repay $20B
Stocks rose in early trading Monday after Abu Dhabi provided a surprise $10 billion bailout to Dubai to help with debt repayments.
The deal, which also sent world markets mostly higher, helped ease fears that the emirate of Dubai would default on its debt and usher in a new round of global credit problems.
Stocks are higher following a bigger-than-expected rise in retail sales
Stocks are rising after a report on retail sales showed consumers are picking up their spending.
The Commerce Department says retail sales rose 1.3 percent in November, more than double the 0.6 percent increase economists had expected. Sales rose 1.1 percent in October.
The report is boosting hopes that consumers are starting to feel more comfortable opening up their wallets after months of building up their savings.
HENDERSON, Nev., Dec. 11, 2009 (GLOBE NEWSWIRE) — Rival Technologies Inc. (OTCBB:RVTI) is pleased to announce it has signed the financing agreement previously announced November 11th 2009 with no dilution to existing shareholders.
The investment group led by Bridge Gap Konsult based in Calgary, Canada will provide project financing as detailed below over the course of the next 36 months. Funds from the non-recourse agreement will be advanced over three stages for continuous development of the TRU process from pilot to production.
Dec. 2, 2009 (Business Wire) — SmallCapVoice.com, Inc. announced today that a new audio interview with Rival Technologies Inc. (OTCBB:RVTI) is now available. The interview can be heard at http://smallcapvoice.com/blog/11-25-09-audio-interview-with-rival-technologies-inc-otcbb-rvti/.
Stocks are holding on to decent gains as investors absorb a mixed batch of economic reports
A report on manufacturing fell short of analysts’ expectations. The Institute for Supply Management says Tuesday that its index of manufacturing activity came in at 53.6 for November, down from 55.7 in October.
Meanwhile, the National Association of Realtors’ seasonally adjusted index of pending home sales rose 3.7 percent in October.