NEW YORK— The stock market logged its first weekly loss since early August on Friday after a report showed that retail sales in August rose more than economists had forecast. That reinforced expectations that the Federal Reserve could start hiking interest rates sooner than expected. Dividend-rich utility stocks and energy stocks led the losses.» Read More
*Soybeans weighed down by slowing demand, higher output. HAMBURG/ SINGAPORE, May 7- U.S. wheat dipped on Wednesday, taking a breather after climbing to its highest in 13 months as a relentless U.S. heat wave and turmoil in Ukraine threaten to reduce world supplies.
*MSCI index of Asia-Pacific shares ex Japan hit 1- mth low. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 percent after touching its lowest point since April 2.
*Tech subindex in Hong Kong reaches four-month low. *Hong Kong property down on local demand and worries on mainland. BEIJING, May 7- Hong Kong stocks fell on Wednesday as concerns on property and tech valuations hurt investor confidence after a U.S. tech sell-off triggered by a steep drop in Twitter's share-price.
*MSCI index of Asia-Pacific shares ex Japan hit 1- mth low. TOKYO, May 7- Asian shares fell to a one-month low and the safe-haven yen hovered just below a multi-month high against the dollar in early trade on Wednesday as the heightened possibility of Ukraine slipping into civil war dampened risk sentiment.
*Corn follows wheat up; slow U.S. planting pace lends support. Corn followed wheat higher but soybeans fell for a second straight session as large South American soy harvests eased concerns about tightening supplies of old-crop U.S. soybeans. At the Chicago Board of Trade, most-active July wheat settled up 10 cents at $7.39 a bushel.
NEW YORK, May 6- U.S. stocks fell broadly on Tuesday, closing at session lows, with AIG pulling financial shares lower after disappointing earnings and as a slide in Twitter took down other names in the technology and internet space.
NEW YORK, May 6- The 30- year bond and other long-maturity U.S. Treasuries rose on Tuesday in thin, meandering trade ahead of potentially market-moving congressional testimony by Federal Reserve Chair Janet Yellen.
Traders across the financial markets will be hyper-focused on Congressional testimony from Fed Chair Janet Yellen Wednesday.
*Office Depot to close 400 U.S. stores; shares up 17 pct. NEW YORK, May 6- U.S. stocks fell on Tuesday as AIG weighed on financial shares after disappointing earnings and a slide in Twitter took down other names in the technology and internet spaces.
*Corn follows wheat up; slow U.S. planting pace lends support. Corn followed wheat higher but soybeans fell for a second straight session as large South American soy harvests eased concerns about tightening supplies of old-crop U.S. soybeans. At the Chicago Board of Trade as of 12:35 p.m. CDT, most-active July wheat was up 12-1/ 2 cents at $7.41-1/ 2 a bushel.
*Tension continues between Russia, Ukraine. Investors continued to watch the ongoing unrest in Ukraine, where more than 30 pro-Russian separatists were killed in fighting near the east Ukraine rebel stronghold of Slaviansk, according to Interior Minister Arsen Avakov. Russia announced plans to beef up its Black Sea warship fleet.
Office Depot to close 400 U.S. stores; shares rally. NEW YORK, May 6- Wall Street edged lower on Tuesday, led by losses in financial stocks, while the technology sector was weighed by a selloff in shares of Twitter.
*Gold surrenders early gains to turn lower. LONDON, May 6- Gold prices fell on Tuesday, surrendering early gains as weak physical demand made investors wary about the outlook, though tensions in Ukraine and a slide in the dollar index to 6-1/ 2 month lows lent some support.
May 6- Shares of Twitter Inc fell more than 10 percent in early trading on Tuesday after the expiration of a six-month "lock-up" period for early investors that had restricted the sale of about 82 percent of the company's equity. Twitter's IPO was priced at $26 per share.
May 6- Hillshire Brands Co reported better-than-expected quarterly results, helped by strong sales of Jimmy Dean products including breakfast sandwiches. Shares of the packaged meat company, formerly the food business of Sara Lee Corp, rose 4 percent in premarket trading.
SINGAPORE, May 6- Unless they are in for the long haul, global investors in Asian equity markets outside Japan should be prepared for returns this year to be below those of other markets once again.
May 5- American International Group Inc posted a 27 percent fall in quarterly income, hurt by a drop in earnings from premiums and higher disaster losses in its core property and casualty insurance business. Net premiums earned in its property casualty unit fell 4 percent to $8.23 billion in the first quarter ended March 31, AIG said on Monday.
*JPMorgan leads banks lower after trading revenue warning. NEW YORK, May 5- U.S. stocks ended slightly higher as data showed strength in the services sector and Apple shares rose above $600 for the first time since 2012..
JPMorgan leads banks lower after trading revenue warning. NEW YORK, May 5- U.S. stocks were up slightly on Monday as concerns over an escalation of tensions between Ukraine and pro- Russia separatists were offset by data showing strength in the services sector. Still, bank shares were under pressure as JPMorgan Chase fell 2.7 percent to $54.10.
May 5- Tyson Foods Inc on Monday reported weaker-than-expected quarterly profit on higher expenses and weak China results, sending shares down more than 9 percent.