Iron ore at $100 a tonne hits major mining groups
May 18, 2014 at 8:02 am in General Trading by contrarianuk · Leave a Comment »
It felt like the worst could be over for UK listed mining stocks. But the positive mood didn’t last long towards the end of the week, with Rio dropping 2.5% to £32.86 and BHP Billiton falling 1.5% to £19.53 on Friday as the troubles surrounding the price of iron ore continued to plague the large mining groups.
by contrarianuk
With Dow Jones Industrials at record high where next?
May 10, 2014 at 7:30 am in Market Commentary by contrarianuk · Leave a Comment »
The Dow Jones Industrial Average closed up 32 points yesterday at 16,583, up 0.4% on the week, beating the previous all time high of 16,581 set on April 30. The Nasdaq Composite finished the week at 4,072, a drop of 1.3% for the week and the S&P 500 finished at 1,878, marginally down 0.1% for the week.