Saudi–Japanese cultural fusion shines at Expo 2025 with 'Bisht Kimono'    Zelenskyy proposes new round of peace talks with Russia next week    Clashes continue in Suwayda despite Syria ceasefire implementation    At least 30 injured as vehicle plows into crowd in Los Angeles    NIDLP sectors contribute 39% to non-oil GDP in 2024    Saudi students win 7 international awards in math and informatics olympiads    Over 23,000 arrested for residency, labor, and border violations in one week    Saudi Arabia's skill-based work permit system reshapes expat employment landscape    Syrian president affirms state's sole authority over Suwayda, slams Israeli strikes    Death Stranding 2: On the Beach – game review A human journey in a fractured world    José Semedo named acting CEO of Al Nassr    Aubameyang exits Al Qadsiah as club turns to youth with Retegui signing    Saudi Arabia expands tech talent schools to five regions for 2025    Main stage at Belgium's Tomorrowland music festival completely destroyed by fire    Saudi Arabia draw Iraq and Indonesia in 2026 World Cup Asian play-off group    Babies made using three people's DNA are born free of hereditary disease    'Art of the Kingdom' exhibition to open in Beijing's National Museum on July 30    Saudi minister holds strategic AI and tech talks with French institutions in Paris    Youth-led Saudi businesses exceed 474K    Jorge Jesus returns to Saudi Arabia as Al Nassr head coach on one-year deal    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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Wall Street Closing
Published in Saudi Press Agency on 28 - 02 - 2014

U.S. stocks got a boost Thursday as investors listened to testimony from Federal Reserve (Fed) Chair Janet Yellen and dug into the earnings of some troubled retailers.
In U.S. economic news, Yellen testified before the Senate Banking Committee. She blamed recent lackluster economic data on unusually bad weather, but said it is difficult to pinpoint exactly what effect the weather had on the economy overall.
In international economic news, investors were keeping a close eye on the tension in Ukraine. European markets finished the day mixed as traders fretted about the formation of a new Ukrainian government and its increasingly dire economic situation. Asian markets also ended with mixed results.
In corporate news, shares of J.C. Penney surged more than 25 percent after the retailer reported a narrower-than-expected quarterly loss and said it expects same-store sales to rise by 3 percent to 5 percent during the current quarter. Best Buy shares ended in the red after initially jumping by more than 5 percent. The electronics retailer reported quarterly earnings that had returned to profit from earlier losses. Tesla shares initially got a boost after the automaker announced it was raising $1.6 billion to fund its expansion plans. But shares pulled back and finished the day slightly lower. Shares of eBay rose after Carl Icahn issued a letter criticizing the two members of the internet commerce giant's board of directors for alleged conflicts of interest. It was the activist investor's second letter on the subject this week.
The dollar lost ground against the pound, but gained ground versus the euro and the yen. Light sweet crude oil for April delivery dropped 19 cents to $102.40 a barrel on the New York Mercantile Exchange. Gold futures added $3.80 to $1,331.80 an ounce.
The Dow Jones industrial average climbed 74.24, or 0.46 percent, to 16,272.65. The broader Standard & Poor's 500 index moved up 9.13, or 0.49 percent, to 1,854.29. The technology-heavy Nasdaq composite index rose 26.87, or 0.63 percent, to 4,318.93.


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