US stocks drop after previous rally

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Source: Marketwatch
US shares retreated from previous sessions' rally and traded lower on Tuesday as news from China put negative pressure on stocks. S&P 500 index fell 0.3% or 4.23 points to 1,405.52, Dow Jones Industrial Average edged down 0.52% or 68.94 points and settled at 13,170.19 while Nasdaq Composite tumbled 0.14% or 4.17 points and finished at 3,074.15.
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Wed, 21 Mar 2012 08:33:33 GMT

Gold futures higher on electronic trade

Gold futures advanced on Wednesday electronic trade as US Dollar weakened. April gold climbed 0.32% or USD 5.20 to USD 1,652.30 per ounce on the Comex division of the New York Mercantile Exchange. Silver to be delivered in May added 1.04% or USD 0.29 to USD 32.13 per ounce. Weaker greenback encourages investors to purchase more dollar-denominated commodities. 

Wed, 21 Mar 2012 07:42:33 GMT

Chinese bank profits detracted by bad loans

Chinese leading lenders are expected to report record-high net income for a fifth straight year. Nevertheless 2011 results are likely to be overshadowed by a surge in bad loans. Industrial & Commercial Bank of China and its four largest Chinese competitors are predicted to post a 15% surge in fourth quarter net profit. However, analysts warn that non-performing loans in local banks

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