Wall Street posts solid gains, aces defensives, tech shine

Wall Street posts solid gains, aces defensives, tech shine

Energy, cyclical sectors lag Lower bond yields support technology, growth stocks US business activity slows considerably in June-survey Indexes up: Dow 0.64%, S&P 0.95%, Nasdaq 1.62% June 23 (Reuters) – Wall Street’s main indexes posted solid gains on Thursday, fueled by strong performance from defensive and tech shares that outweighed declines for economically sensitive groups … Read more

US labor market remains tight; business activity slowing

US labor market remains tight;  business activity slowing

Weekly jobless claims fall 2,000 to 229,000 Continuing claims increase 5,000 to 1.315 million Business activity slows in June; new orders plummet WASHINGTON, June 23 (Reuters) – The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight, though a slowdown is emerging amid high inflation … Read more

Euro zone business growth slumped in June as price hikes bite

Euro zone business growth slumped in June as price hikes bite

A shopping cart is pushed down the aisle in this photo illustration taken at Mercator shopping mall in Ljubljana, January 28, 2014. REUTERS/Srdjan Zivulovic Register now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – Euro zone business growth has slowed significantly this month – and by much more than expected – … Read more