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Equities extend rally; oil rebounds, helping rouble rise

Trader Peter Tuchman watches the Dow Jones Industrial average just before the closing bell on the floor of the New York Stock ExchangeBy David Gaffen NEW YORK (Reuters) - Equity markets worldwide extended the week's rally on Friday and oil prices rebounded from recent lows, as investors closed out the last full week of trading in 2014 on an upbeat note. Wall Street rose, and the S&P 500 came within a few points of its closing record high. The index has gained 5 percent since Wednesday for its best three-day stretch since 2011. The release on Wednesday afternoon of the U.S. Federal Reserve's last policy statement of the year, in which it pledged to be patient in raising rates, injected markets with a jolt of enthusiasm. ...

Hasbro and Xerox are big market movers

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Teekay Tankers Ltd., down 70 cents to $4.70 The ocean-freight hauler is buying ...

Wall Street up for third day, led by energy shares

Man carries an umbrella in the rain as he passes the New York Stock ExchangeNEW YORK (Reuters) - U.S. stocks extended gains for a third session on Friday, giving the S&P 500 its best weekly performance in nearly two months as energy shares continued to rebound.

US stocks inch higher after a big two-day rally

FILE - This Thursday, Oct. 2, 2014, file photo, shows the facade of the New York Stock Exchange. Major stock indexes are creeping higher on Friday, Dec. 19, 2014, as the market comes off a massive two-day rally spurred by the Federal Reserve's assurance that it was in no hurry to hike interest rates. (AP Photo/Richard Drew, File)NEW YORK (AP) ? Oil and gas companies led the stock market up Friday, helping the Standard & Poor's 500 index notch its second-best week this year.

Oil's slide shakes up the junk-bond market

FILE - In this Friday, Dec. 5, 2014, file photo, specialist Charles Solomon works at his post on the floor of the New York Stock Exchange. Oil?s slump didn?t just hit the stock market, but it shook up the junk bond market too. High-yield bonds are on track for their worst monthly performance in a year and a half after investors dumped risky securities issued by energy companies. (AP Photo/Richard Drew, File)NEW YORK (AP) ? Oil's slump didn't just hit the stock market, it's shaken up the junk-bond market, too.

Asian markets enjoy best day in 15 months

SYDNEY: Asian shares enjoyed their best day in 15 months yesterday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief that the United States Federal Reserve (Fed) was in no rush to withdraw stimulus from the US economy.

KNM: Falling oil price unlikely to hit earnings

KNM Group Bhd said theglobaloilprice collapse is not likely to hurt its future earnings that much as its order book of RM5 billion will keep it busy for the next two years.

Washington closes out last big position in Wall Street bailout

A Wall Street sign is pictured in the rain outside the New York Stock ExchangeWASHINGTON (Reuters) - The United States closed out its last big investment taken on during a 2008 bailout of U.S. banks and automakers, selling its remaining shares in the former financing arm of General Motors, the U.S. Treasury said on Friday.

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