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J.C. Penney and Gap are big market movers

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE J.C. Penney Co., down 62 cents to $8.50 The department store operator reported ...

Wall Street ends down after data; posts strong gains for month

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New YorkNEW YORK (Reuters) - The S&P 500 posted its best monthly gain since October 2011 on Friday, but U.S. stocks ended lower for the day as U.S. economic growth slowed more sharply than initially thought in the fourth quarter.


TSX steady as miners, banks edge higher

A man walks past an old Toronto Stock Exchange sign in TorontoBy John Tilak TORONTO (Reuters) - Canada's main stock index closed little changed on Friday as higher bullion prices boosted shares of gold miners, while banks climbed after reporting quarterly results earlier this week. The bank results helped calm investor fears about the impact a sluggish economy and the oil-price slump are having on financial institutions. The Toronto stock market's benchmark index recorded at 3.8 percent gain this month, lifted by a rebound in its energy and financial sectors. ...


Stocks slip after weaker growth, end best month since 2011

FILE - This Thursday, Oct. 2, 2014, file photo, shows the facade of the New York Stock Exchange. U.S. stock indexes edged slightly lower in early trading Friday, Feb. 27, 2015, after the U.S. economy slowed more sharply than expected in the final three months of 2014. Utilities stocks were among the biggest decliners. (AP Photo/Richard Drew, File)The stock market is closing lower following news that U.S. economic growth slowed more sharply than previously estimated in the final three months of the year.


Obama struggles with Wall Street to woo Democrats over broker rules

U.S. President Barack Obama speaks during a joint news conference with German Chancellor Angela Merkel following their meeting at the White House in WashingtonBy Sarah N. Lynch and Suzanne Barlyn WASHINGTON (Reuters) - The Obama administration is battling Wall Street to win the support of dozens of Democrat lawmakers over rules that could rein in brokers who handle trillions of dollars in retirement accounts. President Barack Obama on Monday called on the Department of Labor to write new rules for brokers that seek to reduce conflicts of interest and "hidden fees" the White House says cost Americans $17 billion from their retirement plans every year.He portrayed the reform as a central tenet of middle-class economics that would help Americans "retire with dignity." What Obama didn't mention is that more than 100 current and former Democrats in the U.S. House of Representative and Senate have raised concerns in the past about attempts to draft such rules, either through comment letters or by voting for legislation that would delay such a reform.


Jobs report may test market's complacency

A morning commuter carries an umbrella as she passes by the NYSE during a winter storm in New YorkThe U.S. stock market has been quiet this week - too quiet. Wall Street has traded in a tight range of late, with both volatility and trading volumes drying up as the earnings season winds down and Federal Reserve Chair Janet Yellen's recent Congressional testimony delivered no surprises. About 238,000 jobs are expected to have been added in February, according to the non-farm payroll report that will be released on Friday, down from the 257,000 added in January. "Economic data will be the biggest driver of market moves over the next month, and the key one is the jobs report," said Jim McDonald, chief investment strategist at Chicago-based Northern Trust Asset Management.


FTSE touches record highs as IAG, Standard Chartered rise

A man walks past the London Stock Exchange in the City of LondonBy Sudip Kar-Gupta LONDON (Reuters) - Britain's top equity index touched a record high on Friday, helped by gains in Asian-focused bank Standard Chartered and International Consolidated Airlines Group . The blue-chip FTSE 100 index at one stage rose as much as 0.3 percent to a record intraday high of 6,967.24 points, before easing back to close flat at 6,946.66 points. The FTSE has benefited along with other world stock markets from record low interest rates and central bank stimulus measures. Signs of a UK economic recovery have also pushed the British stock market higher.


Stocks slip at midday after weaker estimate of US growth

FILE - This Thursday, Oct. 2, 2014, file photo, shows the facade of the New York Stock Exchange. U.S. stock indexes edged slightly lower in early trading Friday, Feb. 27, 2015, after the U.S. economy slowed more sharply than expected in the final three months of 2014. Utilities stocks were among the biggest decliners. (AP Photo/Richard Drew, File)The stock market is mostly lower in midday trading following news that U.S. economic growth slowed more sharply than previously estimated in the final three months of the year.


 
 
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