News rebound lifts All Ords index past 3850
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NEWS Corp led the sharemarket into record territory yesterday as investors here grew accustomed to the US way of corporate control, taking Monday&#39;s poison pill move by chairman Rupert Murdoch in their stride.
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NEW YORK, July 23 -- Stocks rebounded Monday after a fresh round of buyout news offered evidence that Wall Street's penchant for dealmaking has not disappeared.
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US stocks rose, sending the Standard &amp; Poor&#39;s 500 Index to its highest close in more than three years and erasing the Dow Jones industrial average&#39;s loss for 2004.
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The was plenty of news but not much in the way of price movements on the sharemarket today. The benchmark NZSX-50 gross index was up 6.50 points to 2861.
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London equities moved sharply higher on Thursday after a rebound on Wall Street overnight.
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Wall Street stocks rebounded strongly on Wednesday after sharp falls in the leading indices on Tuesday.
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Shares of Dell (Quote, Chart) soared 8.5% Friday to their highest level in more than four years, as investors cheered the company&#39;s strong results and bullish outlook.
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The FTSE 100 bounced back on Thursday after better news from the retail sector and a continued rebound among the property companies.
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The Standard &amp; Poor&#39;s 500 Index rose for a fourth day as investors looked past a disappointing third- quarter economic growth report to better-than-expected readings on Chicago-area business and consumer confidence.
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Australian media empire Publishing &amp; Broadcasting Ltd. reported Thursday a 75 percent jump in earnings for the fiscal year ending June 30, thanks to a strong economy and a rebound in advertising revenue.
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The share prices of embattled banks Northern Rock and Alliance and Leicester rebounded strongly on Tuesday from heavy losses the previous day.
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A basket of positive economic news, including inflation and employment data, boosted Wall Street on Friday.
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Hong Kong's Hang Seng share index finishes the year up 39%, its biggest annual rise since 1999.
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Shares surged on Wall Street on Friday night, pushing the Dow over 100 points higher, as tech stocks rallied and drug giant Merck staged a 1 per cent rebound following its 26 per cent fall on Thursday.
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Stocks rose sharply on Tuesday, driving the Nasdaq composite index more than 1 percent higher, as overseas equities rebounded and investors bet that markets may be stabilizing after recent heavy losses.
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A rebound in energy and commodity companies helped stocks rise for a third day, extending the DowÂs record-breaking rally.
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THE share market finished sharply higher today, as resource giant BHP Billiton helped lead the market to a recovery from yesterday&#39;s falls.