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Technology stocks fell for a fifth day Thursday, with the Nasdaq pressured by a broad sell-off in equities as investors fretted over a rising trend in global interest rates. Novellus Systems Inc. shares, meanwhile, bucked the trend after the chip- equipment maker's upbeat midquarter update. The technology-heavy Nasdaq Composite Index (RIXF) gave up 6.5 points, or 0.3% , to close at 2,145. The  ...

After trading sharply lower for most of the session, U.S. stocks staged a late-day rebound Thursday, with the Dow Jones Industrial Average breaking a four-day losing streak sparked by fears about further increases in U.S. interest rates. Rates were a major theme Thursday after the European Central Bank, South Korea, Turkey, India and South Africa raised rates, prompting concern that more expens ...

By Lina Saigol and Kevin Done.Published: June 8 2006 22:05 | Last updated: June 8 2006 22:05When Goldman Sachs' mergers team arrived at the London headquarters of BAA at 7am on Thursday its members were confident their consortium would see off Ferrovial, their rival for the world's largest airports operator. Simon Dingemans, head of UK investment banking, had a 960p-a-share cash offer in his pock ...

Hedge funds took their share of damage in last month’s market turmoil, losing more than 1 per cent on average in May, according to Hedge Fund Research. // The biggest losers were funds specialising in emerging markets, while debt-related funds recorded gains approaching 1 per cent. Emerging markets funds lost 4 per cent in May, according to HFR. The MSCI emerging markets stock index lost almost ...

Wall Street ended flat on Thursday after a session of exceptional volatility sparked by growing investor concern about the US economy and interest rates. A late afternoon bounce pulled stocks back from an aggressive sell-off that for several hours had the S&P in negative territory for the year. // “Some buyers jumped back in, but it was definitely a round trip,” said Brian Williamson, equity  ...

The dollar rallied to five-week highs versus the euro, sterling and Swiss franc, and a six-week peak versus the yen Thursday, on less hawkish than expected comments from the European Central Bank chief, news of the death of Abu Musab al-Zarqawi and a continued sell-off in global equities. The ECB on Thursday raised its key rate by a quarter-point to 2.75%, as widely expected. ECB president Jean ...

China and Saudi Arabia have been named as two of the five economic areas that will participate in the International Monetary Fund’s efforts to resolve the world’s glaring trade imbalances. The other three participants will be the economic superpowers of the US, the eurozone and Japan. // The IMF said this week that this new group of five systemically important economic areas for the global econom ...

Technology stocks continued their slump on Thursday, with the Nasdaq pressured by a broad sell-off in equities as investors fretted over a rising trend in global interest rates. However, Novellus Systems Inc. shares bucked the trend after the chip- equipment maker's upbeat midquarter update. The technology-heavy Nasdaq Composite Index (RIXF) continued lower for the fifth straight trading day ...

U.S. stocks traded lower but off their worst levels Thursday, as a sell-off sparked by concern over rising global interest rates eased after the S&P 500 Index bounced off a crucial support level. Over the last 24 hours, the European Central Bank, South Korea, Turkey and India have raised their respective key rates, prompting concern that more expensive borrowing will slow world growth and h ...

US Treasuries rose and 10-year yields fell below those on two-year paper on Thursday as bonds benefited from a sell-off in the stock market. // Weekly data on new unemployment claims showed a bigger than expected 35,000 fall to 302,000, possibly skewed by the Memorial Day holiday. Also, wholesale inventory levels rose more than expected in April. “Both of this morning’s US economic reports have capped downside risk to the second quarter economy,” said Mike Englund of Action Economics. “[While ...