Dollar Declines as Post-Fed Adjustment Continues for Traders

The dollar declined as unexpectedly weak economic data has investors adjusting their outlook in the wake of last week’s Federal Reserve meeting.Orders for durable goods dropped in February, extending the greenback’s losses after it slid the most in more than three years last week as the Federal Open Market Committee cut projections for future rates, inflation and growth. A gauge of expected currency swings has jumped during the past month.The...

Gold hits 2-1/2 Week High as German Data Lifts Euro

Gold hit 2-1/2-week highs on Wednesday, rising for the sixth straight session as upbeat German sentiment data helped drive the euro higher against the dollar, and as expectations for an imminent U.S. interest rate rise receded. The euro was up 0.4 percent versus the U.S. currency after a survey on German business morale fueled expectations that a euro zone economic recovery is...

Nasdaq Composite Falls Most Since April as Tech Shares Tumble

U.S. stocks fell, sending the Nasdaq Composite Index down the most in eleven months, as a selloff in semiconductors spread to the broader market.The Nasdaq Composite lost 2.4 percent at 4 p.m. in New York, the biggest drop since April 10. The Standard & Poor’s 500 Index fell 1.5 percent to 2,061.18, below its average price for the past 50 days.The S&P 500, the Dow and the Nasdaq Composite Index this week came within 1 percent of...

Europe Stocks Post Worst Drop in Two Months After Nearing Record

European stocks posted their worst drop in more than two months, after nearing a record on Tuesday.The Stoxx Europe 600 Index slipped 1.1 percent to 397.95 at the close of trading, as all but two of 19 industry groups slid. Technology shares posted the worst performance, extending losses as U.S. peers also fell. ARM Holdings Plc and ASML Holding NV lost more than 5.5 percent.Europe’s ...

Nasdaq Composite Falls Most in Two Weeks as Tech Shares Tumble

U.S. stocks fell, sending the Nasdaq Composite Index down the most in two weeks, as technology tumbled and investors sold the quarter™s biggest winners. Intel Corp., International Business Machines Corp. and Microsoft Corp. fell the most in the Dow Jones Industrial Average. Kraft Foods Group Inc. soared 39 percent after Warren Buffett™s Berkshire Hathaway Inc. teamed with 3G Capital to acquire the food company and merge it with ketchup...