China's exports unexpectedly tumbled in February, falling 18.1 percent from a year earlier and swinging the trade balance into deficit. The data underscored recent concerns about the outlook for China's economy, even though the Lunar New Year holidays were blamed for the slide.» Read More
*Corn edges higher; gains capped by harvest progress.
NEW YORK, Oct 9- U.S. stocks fell on Wednesday, led by the year's biggest winners like tech shares, as the market derived little solace from the expected nomination of Janet Yellen as the next head of the U.S.
*Brent oil dips below $110, gold eases. NEW YORK, Oct 9- The expected nomination of Janet Yellen as Federal Reserve chief boosted the dollar on Wednesday, but short-term interest rates and funding markets continued to show increased strain as the U.S. debt ceiling battle heats up.
Oct 9- Shares of SFX Entertainment Inc, the electronic dance music festival promotion wing of New York media mogul Robert F.X. Sillerman, fell as much as 5 percent in their debut on Wednesday, valuing the company at about $992 million. SFX raised $260 million after pricing its offering of 20 million shares at $13 per share, the high end of the expected price.
*World stocks to gain steadily, assuming U.S. budget feud passes. LONDON, Oct 9- Steady gains for most of the world's major stock markets have further to run before the year's out, assuming Washington stops its debt ceiling spat spiralling into a financial crisis, a Reuters poll showed.
*Alcoa rises, Yum falls after earnings. NEW YORK, Oct 9- U.S. stocks were set for a modestly higher open on Wednesday, putting the S&P 500 on track to rebound from a big drop a day earlier, on expectations Janet Yellen will be tapped as the next chairman of the U.S.
LONDON, Oct 9- Janet Yellen's expected nomination to head the Federal Reserve boosted the dollar and was set to give Wall Street an early lift on Wednesday as it ended uncertainty about the post, though the U.S. budget deadlock continued to weigh on markets.
*Alcoa rises, Yum falls after earnings. NEW YORK, Oct 9- U.S. stock index futures rose on Wednesday, indicating the S&P 500 may rebound from Tuesday's drop- its worst since August- after Janet Yellen was picked as the next chairman of the U.S.
TOKYO, Oct 9- Japan's Nikkei index will gain almost 50 percent this year, marking the stock market's biggest annual rise in more than four decades, according to the latest Reuters poll of forecasters that is slightly down from the consensus of three months ago.
*Geely sinks after stake sale by Goldman Sachs arm. HONG KONG, Oct 9- Hong Kong shares sank early Wednesday, with investors taking some profit on the outperforming technology sector as the U.S. fiscal impasse sapped confidence that the world's largest economy will avert a debt default.
TOKYO, Oct 9- U.S. stock futures rebounded from a one-month low on Wednesday on news that U.S. President Barack Obama will nominate Federal Reserve Vice Chairwoman Janet Yellen, seen as a proponent of dovish policy, as the next head of the U.S. central bank.
NEW YORK, Oct 8- Interest rates on one-month U.S. government debt hit a 5- year peak on Tuesday and stocks on Wall Street closed lower as anxiety rose on whether the United States will avert a debt default.
NEW YORK, Oct 8- Interest rates on one-month U.S. government debt hit their highest levels in five years on Tuesday as anxiety rose over whether the United States will avert a debt default, while selling accelerated in U.S. stocks, particularly among those that have gained sharply of late.
NEW YORK, Oct 8- U.S. stocks slid on Tuesday as traders cashed in gains in some of the year's best performers amid little progress to end a political crisis in Washington. The Dow Jones industrial average was down 158.75 points, or 1.06 percent, at 14,777.49. The Nasdaq Composite Index was down 75.54 points, or 2.00 percent, at 3,694.83.
NEW YORK, Oct 8- U.S. stocks slid on Tuesday as traders cashed in gains in some of the year's best performers amid little progress to end a political crisis in Washington that could affect the U.S. fiscal standing and economic recovery. Shares of LinkedIn lost 5.9 percent to $223.14, and Netflix fell 4.7 percent to $303.06.
NEW YORK, Oct 8- U.S. stocks briefly extended losses in late afternoon on Tuesday as President Barack Obama spoke about the political stalemate in Washington. The Nasdaq dropped more than 2 percent during his remarks in which the president said that in an economic shutdown after default, there would be a very significant risk of a deep recession.
*Profit-taking hits 2013' s winners, including Facebook, TripAdvisor. Shares of TripAdvisor lost 5.7 percent to $71.51 a share, and Netflix fell 4.9 percent to $302.30. Both TripAdvisor and Netflix are among the top performers this year on the S&P 500, and Facebook is among the top performers on the Nasdaq 100..
NEW YORK, Oct 8- Interest rates on U.S. one-month government debt rose on Tuesday to their highest levels since the global credit crisis in late 2008 as investor anxiety intensified over whether the government would reach a deal to avert a default next week.
NEW YORK, Oct 8- The U.S. government sold one-month bills at the highest rate in five years on Tuesday as anxiety rose over whether the United States will avert a debt default, while selling accelerated in U.S. stocks, particularly among those that have run up sharply of late.
NEW YORK, Oct 8- U.S. stocks were near session lows on Tuesday and a gauge of equity market anxiety rose to its highest in more than three months as concern over a U.S. debt default increased.