A brief of global stock market on early week trade 24/2(8:11 AM - 25/02/2014)
U.S. stocks jumped on Monday, with the S&P 500 climbing above key resistance to a record high, as optimism over merger activity helped Wall Street erase this year's early weakness. Gains were broad, with nine of the 10 S&P 500 sectors up on the day and a number of bellwethers, including Caterpillar Inc and Merck & Co , hitting 52-week highs. With the day's gains, the S&P 500 turned positive for the year while the Nasdaq hit a 14-year high. More than two-thirds of companies traded on the New York Stock Exchange rose on the day, while 63 percent of Nasdaq-listed companies gained. The S&P 500 broke above 1,841, which seemed to propel further gains.
A brief of global shares on Tuesday, Feb.26(7:12 AM - 26/02/2014)
Global stocks were mostly lower Tuesday amid jitters about China's housing market and a surprise drop in a key measure of U.S. consumer confidence.
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