Dow Jones Industrial Average

Dow closes above 16,000 for first time

The Dow Jones Industrial Average has risen 22 per cent this year. Photo: Reuters

The Dow Jones Industrial Average closed above the psychological threshold of 16,000 for the first time on Thursday, extending a rally in which the gauge has added over 22 per cent this year.

Friday, 22 November, 2013, 9:25am

Drop in consumer confidence takes toll on US stocks

The Dow Jones Industrial Average was down 0.6 per cent.

US stocks fell in midday trade yesterday, as reports showed consumer sentiment slid and industrial production was unchanged. The Dow Jones Industrial Average was down 0.6 per cent.

15 Jun 2013 - 4:11am

Asian stocks up on Wall St rise, German data

Corey Prinz (centre) and Mary Harris (right) applaud as the Dow Jones Industrial Average closes above 15,000 for the first time. Wall Street is helping lift Asian stocks in early trade. Photo: AP

Asian markets rose on Wednesday after the Dow closed at a record high on renewed optimism over the US economy and European markets soared following the release of impressive German factory orders data.

Tokyo climbed 1.35 per cent by the break, a day after the Nikkei finished at its highest level in almost five years, Seoul gained 0.25 per cent and Sydney increased 0.77 per cent.

8 May 2013 - 11:50am

US stocks can still climb higher: analysts

Traders work on the floor of The New York Stock Exchange. The Dow Jones Industrial Average rallied to a record high to close at 14,253.77 this week, and analysts say it hasn’t peaked yet. Photo: AFP

The combination of record low interest rates and slow but steady growth mean US markets can still power higher, even after the Dow punched its way to an all-time high, analysts said.

But with the Dow Jones Industrial Average up nine per cent over the first 10 weeks of the year, few doubt there is room to pause - though Wednesday’s action showed no sign of it.

7 Mar 2013 - 10:34am

Hong Kong stocks set for bullish start to the Year of the Snake

Overnight rallies in the US helped Asian markets climb. Photo: EPA

Hong Kong stocks could open the Year of the Snake on a bullish note as Asian markets rose after US corporate earnings sent the Dow Jones Industrial Average to a five-year high.

14 Feb 2013 - 4:53am

Beware of mixed economic signals

The Dow Jones index rose above 14,000 for the first time since 2007.

Investors should heed conflicting economic signals. If they had predicted last week where the next negative sign was coming from, many would have said Europe, which is unlikely to emerge from its debt woes without another mini-crisis or two. But it turned out to be the US, where the economy contracted 0.1 per cent in the December quarter, against market expectations of more than 1 per cent growth. Conflicting signals emerged by the end of the week, with revised figures showing the US economy added many more jobs than thought in the December quarter, sending the Dow Jones index above 14,000 for the first time since 2007.

4 Feb 2013 - 3:02am

Weill recants to cynics' barbs

When 79-year-old retired multimillionaire financier Sanford Weill gave his view last week that big banks should be broken up and strict laws separating commercial banking from more risky investment banking should be reintroduced, financial newspapers and media cleared their best front-page space to air his views.

15 Aug 2012 - 10:46pm

There's no shame in changing your mind

There may be people with higher IQs than John Maynard Keynes but when it comes to human affairs, I doubt there has been a greater thinker in recent memory than the great economist, probability theorist and philosopher.

4 Sep 2012 - 10:58am

G.E. forges on with China tech spend

US-based industrial giant General Electric (GE), which has already delivered on plans to spend US$2 billion to beef up its activities in China, will continue to increase investments in innovation and technology partnerships in the mainland market.

23 Jul 2012 - 12:00am

Talking points

Our editors will be looking ahead today to these developing stories ...

Protesting pupils call on education chief

13 Jul 2012 - 12:00am

Citi eyes horizon for Chinese M&A flood

Chinese firms are on the prowl for global assets in natural resources, technology and well-known brands, according to a top official of Citigroup, the bank behind the biggest overseas acquisition by a closely held mainland company.

9 Jul 2012 - 12:00am

Lai See

A question of commitment to the 'United States of Asia'

21 Jun 2012 - 12:00am

On the move

Amol Gupte Citi Transaction Services head, Asia-Pacific Citi

26 May 2012 - 12:00am

Increased security

Keith Chan of HSBC hails "the ability to design an ETF based on balance sheets". Photo: Patrick Leung

Peter Guy looks at the attractions of ETFs, or exchange traded funds.

30 Apr 2012 - 12:00am

The real reason bankers are now paid tens of millions

Citigroup shareholders rejected its executive pay plan, a first among the six largest banks in the United States, amid criticism it lets chief executive Vikram Pandit collect millions of dollars in rewards too easily.

Bloomberg, SCMP, April 19

22 Apr 2012 - 12:00am