Dollar Drops to 3-Week Low as Jobs, Home Sales Damp U.S. Outlook

The dollar reached the lowest level in almost three weeks versus major peers as rising U.S. jobless claims and weak housing data cast doubt on the nation’s economic outlook. The greenback weakened after a report showed applications for unemployment benefits rose last week and sales of new homes slumped, adding to evidence U.S. economic growth remains uneven. Federal Reserve policy makers want to see signs of growth and inflation on...

Gold Rebounds From Biggest Decline in Six Weeks on Haven Buying

Gold futures recovered from the biggest drop in six weeks as signs of slowing economic growth from China to the U.S. spurred demand for haven assets. Purchases of new U.S. homes slumped more than forecast in March, while manufacturing slowed in the euro area and China in April, separate reports showed Thursday. The economic data reignited demand for gold after prices on Wednesday fell the most in six weeks amid positive figures for...

Nasdaq Tops Record as U.S. Stocks Shrug Off Mixed Earnings

The Nasdaq Composite climbed to the highest level in 15 years, topping its dot-com-era high, as U.S. stocks shrugged off mixed earnings and disappointing manufacturing data from across the globe. Oil rose to a four-month high. The Nasdaq Composite climbed 0.4 percent at 4 p.m. in New York, to close at a record for the first time in 15 years. The Standard & Poor’s 500 Index climbed 0.2 percent, briefly...

Nasdaq Tops Record as U.S. Stocks Shrug Off Mixed Earnings, Data

The Nasdaq Composite climbed to the highest level in 15 years, topping its dot-com-era closing high, as U.S. stocks shrugged off mixed earnings and disappointing manufacturing data from across the globe. Oil rose to a four-month high. The Nasdaq Composite climbed 0.3 percent at 12:26 p.m. in New York, poised to close at a record for the first time in 15 years. The Standard & Poor’s 500 Index climbed 0.3 percent. The Stoxx Europe...

European Stocks Drop as Manufacturing, Services Miss Estimates

European stocks declined as data showed euro-area output expanded at a slower pace in April, and Ericsson AB led technology shares lower. The Stoxx Europe 600 Index lost 0.4 percent to 407.18 at the close of trading, having earlier tumbled as much as 1 percent and gained 0.4 percent. A report showed euro-area manufacturing and services missed forecasts, signaling it may take longer for European Central Bank President Mario Draghi’s...