NEW YORK— Stocks are slumping in early afternoon trading, putting the market on course for its third straight day of losses. The Dow Jones industrial average dropped 203 points, or 1.2 percent, to 16,839 as of 12:54 p.m. Eastern time Wednesday. American Airlines and Delta each fell 3 percent.» Read More
NEW YORK, May 22- IBM, one of the most reliable companies when it comes to buying back shares, is scaling back its repurchases just as the market seems to have grown weary of this strategy.
*Best Buy rises after results. NEW YORK, May 22- U.S. stocks advanced modestly on Thursday after the latest batch of mixed data failed to deliver the confidence boost needed by investors to push indexes past record highs set last week.
*MSCI world index rises, U.S. stocks up in early trading. *U.S., China factory sector data supportive. NEW YORK, May 22- World stock indexes edged higher on Thursday as data showed factory activity picked up in both the United States and China, while U.S.
*Best Buy rebounds from early declines after results. NEW YORK, May 22- U.S. stocks were modestly higher on Thursday after the latest batch of mixed data gave investors little reason to push indexes past record highs.
NEW YORK, May 22- U.S. The National Association of Realtors said existing home sales increased 1.3 percent to an annual rate of 4.65 million units in April, marking the second increase in sales in nine months. "I don't think any of the data this morning was that much of a surprise," said Brian Rehling, chief fixed-income strategist at Wells Fargo Advisors in St. Louis.
NEW YORK, May 21- U.S. stocks rose on Wednesday, rebounding from the previous day's broad selloff, after minutes of the Federal Reserve's last meeting showed central bankers have discussed the eventual tightening of monetary policy but made no decisions on which tools to use. Goldman Sachs was the top gainer on the blue chip index, up 1.9 percent at $159.35.
NEW YORK, May 21- Medium- and longer-dated U.S. "The Fed's going to stay behind the curve" in raising rates, said Chris McReynolds, head of U.S. Treasury Trading at Barclays in New York, after the release of the minutes.
*MSCI all-world, European stock indices gain, along with U.S. stocks. "The baseline scenario is still for slow, but steady improvement; there is no inflation risk and the Fed will keep tapering," said Richard Franulovich, senior currency strategist at Westpac in New York.
*MSCI all-world index gains along with U.S. stocks. NEW YORK, May 21- World stock markets and U.S. bond yields rose on Wednesday on views the Federal Reserve could raise interest rates more slowly than expected. The euro declined for a second straight session against the dollar on expectations of further easing from the European Central Bank.
*MSCI all-world index gains, U.S. stocks up in early trading. NEW YORK, May 21- World stock markets rose while U.S. bond yields edged higher on Wednesday on views the Federal Reserve could raise interest rates more slowly than expected.
NEW YORK, May 21- Medium- and longer-dated U.S. "There's a concern that rates will rise much more slowly than the market is anticipating," said Sean Murphy, Treasuries trader at Societe Generale in New York.
LONDON, May 21- European stocks eked out meager gains on Wednesday, while sterling hit a 5 1/ 2- year high on forecast-beating economic data and signs some Bank of England policymakers were leaning towards an interest rate rise.
LONDON, May 21- European stocks were under pressure on Wednesday, spooked by overnight falls on Wall Street, and the dollar fell against the yen as the Bank of Japan suggested the world's third largest economy needed no additional stimulus for now. Gold, also sought as a safe haven, held steady.
SEOUL, May 21- U.S. crude futures rose in early Asian trade on Wednesday, supported by a disruption in Libya's oil output and an unexpected draw in U.S. crude oil inventory according to industry data. *U.S. crude for July delivery rose 57 cents at $102.90 a barrel as of 0006 GMT after it settled 22 cents up at $102.33 a barrel in the previous session.
*Aeroflex jumps; Cobham to buy Aeroflex for $1.46 bln. NEW YORK, May 20- U.S. stocks fell in a broad selloff on Tuesday, with major indexes hitting session lows in afternoon trading, led by losses in the retail sector after disappointing results from Staples and TJX Companies.
NEW YORK, May 20- U.S. The Fed likely will be "relatively slow" in hiking interest rates, New York Federal Reserve President William Dudley said at a New York event. "was very dovish," said Priya Misra, head of U.S. rates strategy at Bank of America Merrill Lynch in New York.
*Libya output at 210,000 bpd; western oilfields shut. NEW YORK, May 20- Brent rose modestly on Tuesday supported by instability in Libya, pulling U.S. oil for July delivery higher in spite of expectations for an increase in domestic stockpiles.
*Wall Street off as retail earnings disappoint. Retailers such as TJX Companies, which posted lower-than-expected quarterly revenue, were among the biggest drags on U.S. stocks, along with Caterpillar, which said retail statistics for the three months to April were down 13 percent.
NEW YORK, May 20- U.S. stocks fell on Tuesday as retailers' shares dropped after earnings from TJX Companies and Staples halted the market's two-day winning streak.
*Wall Street off as retail earnings disappoint. "There's a little bit of risk-off sentiment given the declines in stocks," said Kim Rupert, managing director for fixed income at Action Economics in San Francisco.