Wall Street rose on Friday led by technology shares after Oracle and BlackBerry maker Research In Motion posted better-than-expected quarterly earnings reports. For the week, the Dow fell 1.3 per cent, the S&P trimmed 0.3 per cent and the Nasdaq rose 1 per cent.
Wall Street stocks tumbled overnight on a second downgrade of Greece's sovereign debt in a month and Citigroup's capital raising. The US dollar rebounded as investors cut riskier assets. The US dollar index, which measures its performance against a basket of major currencies, rose to its highest level in more than three months.
ABN Newswire Stocks to Watch today include: Otto Energy Limited (ASX:OEL)(PINK:OTTEF), Sarissa Resources Inc., (PINK:SRSR), Zhaojin Mining Industry Company Limited (HKG:1818)(PINK:ZHAOF), Galaxy Resources Limited (ASX:GXY)(PINK:GALXF), Automotive Technology Group (ASX:ATJ), Conquest Mining Limited (ASX:CQT) (PINK:CQMLF).
Based in Perth W.A, Automotive Technology Group (ASX:ATJ) is the designer, owner and manufacturer of the patented Sprintex(R) helicoil twin-screw supercharger and has spent 6 years and over A$22 million in R & D. Development of the Sprintex(R) supercharger range is now complete and commercially ready.
Asian investors continued cautious trading on Thursday amid ongoing debt jitters. Most Asian shares reversed to positive territory after some small drops at opening. Yesterday bourses across the region were hit by a series of credit rating downgrade. Japan's Nikkei fell 1.3 per cent, Hong Kong's Hang Seng Index dropped 1.4 per cent, and China's Shanghai Composite was down 1.7 per cent.
US stocks fell on Tuesday on disappointing corporate news and renewed worries over global credit markets. Asian stocks mostly opened lower today with Australian and Japanese markets slashed sharply at opening.
Wall Street closed flat overnight after Federal Reserve Chairman Ben Bernanke said the interest rate would be hold at low for an extended period due to the subdued economy and low inflation.
