NEW YORK, April 12- JPMorgan Chase& Co posted higher first-quarter profit on Friday as it spent less money on litigation, but most of its major businesses turned in tepid performances, and the bank's overall revenue declined. JPMorgan's shares fell 1 percent to $48.80 in premarket trading.
NEW YORK, April 12- U.S. stock index futures fell on Friday, a day after Wall Street scaled new heights, as investors awaited a round of economic data and quarterly results from major banks. *JP Morgan Chase reported first-quarter results early on Friday, and its stock was off 0.7 percent to $48.92 in premarket trading shortly after the results.
*JP Morgan, Wells Fargo shares fall after results. "It's not surprising to see profit-taking here going into the weekend, especially after the run we had this week," said JJ Kinahan, chief derivatives strategist at TD Ameritrade in Chicago. The CBOE volatility index VIX, Wall Street's so-called fear gauge, rose 4 percent to 12.73.
*Retail stocks lead the S&P 500 after April sales outlook. NEW YORK, April 11- U.S. stocks rose for a fourth straight day on Thursday, sending the Dow and the S&P 500 to new closing highs as positive data on the labor market and an encouraging retail outlook eased recent concerns about economic growth.
*Retail stocks lead the S&P 500 after April sales outlook. NEW YORK, April 11- U.S. stocks rose for a fourth straight day on Thursday, sending the Dow and the S&P 500 to new closing highs as positive data on the labor market and an encouraging retail outlook eased recent concerns about economic growth.
NEW YORK, April 11- U.S. stocks rose for a fourth straight day on Thursday, sending the Dow and the S&P 500 to all-time highs as positive data on the labor market and an encouraging retail outlook assuaged recent concerns about economic growth.
NEW YORK, April 11- U.S. Treasuries prices rose on Thursday as a three-day rise in yields lured investors to buy government debt both on the open market and at a $13 billion auction of 30- year bonds, the final part of this week's $66 billion in longer-dated supply.
NEW YORK, April 11- U.S. stocks rose for a fourth straight day on Thursday, sending the Dow and the S&P 500 to new all-time highs on positive jobs market data and forecasts for stronger retail sales. But on Thursday the Labor Department said first-time claims for jobless benefits fell far more than expected last week, dropping to the lower end of the range for the year.
NEW YORK, April 11- U.S. The U.S. bond market rallied last week after the Bank of Japan announced a bold $1.4 trillion asset purchase program aimed to stimulate its sluggish economy.
Nevertheless, technology stocks were the day's underperformers, with tech blue chips such as Microsoft and Hewlett-Packard sharply lower after an industry report that showed shipments of personal computers had fallen significantly in the first quarter. Microsoft was also hit after Goldman Sachs cut its rating on the stock to "sell" from "neutral."
*Treasury to sell $13 billion in 30- year bonds. Investors returned to U.S. government debt on Thursday after a sell-off earlier this week drove yields higher, said Ian Lyngen, a senior government bond strategist at CRT Capital Group in Stamford, Connecticut.
*MSCI world equity index up 0.5 pct to five-year highs. The larger-than-expected drop in U.S. jobless claims came as world equities markets rose on continued support from Japan's aggressive monetary easing and signs of a growing recovery in China.
But technology stocks fell, dragged down by PC-related companies such as Microsoft, Hewlett-Packard and Intel Corp, after a leading tech tracking firm said personal computer sales plunged 14 percent in the first three months of the year, the biggest decline in two decades of keeping records.
*Treasury to sell $13 billion in 30- year bonds. NEW YORK, April 11- Prices for U.S. Investors returned to U.S. government debt on Thursday after a sell-off earlier this week left yields higher, said Ian Lyngen, a senior government bond strategist at CRT Capital Group in Stamford, Connecticut.
NEW YORK, April 11- U.S. stocks opened mostly flat on Thursday as gains following upbeat job market numbers were offset by declines in technology companies triggered by weak data on personal computer sales.
*Yum Brands falls on avian flu sales impact. NEW YORK, April 11- U.S. stocks were set to inch higher at the open on Thursday, indicating the Dow and S&P may continue to scale historic highs after data showed new claims for unemployment benefits fell last week.
NEW YORK, April 11- U.S. stock index futures edged higher on Thursday, after data showed that fewer than expected Americans filed for unemployment benefits in the latest week. S&P 500 futures rose 1.8 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract.
*Yum Brands falls on avian flu sales impact. NEW YORK, April 11- U.S. stock index futures edged higher on Thursday, indicating the S&P may extend its historic highs amid signs China's recovery may be gaining steam and ahead of U.S. labor market data.
*MSCI Asia ex- Japan up 0.8 pct, Nikkei hits near 5- year peak. TOKYO, April 11- Fresh data underscoring a recovery in China and Wall Street's record closing overnight boosted Asian shares on Thursday, while gold bounced off lows on worries about rising tensions in the Korean peninsula.