NEW YORK _ The Nasdaq OMX Group Inc. on Thursday reported fourth-quarter profit of $87 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. Nasdaq OMX shares have decreased 6 percent since the beginning of the year, while the Standard& Poor's 500 index has declined roughly 3 percent.» Read More
Art Cashin of UBS Financial Services says stocks jumped after ECB head Mario Draghi held pat on his stance for more stimulus.
The Nasdaq is up close to 11 percent for the year. CNBC's Kate Rogers reports which Nasdaq stocks are winning and losing the most.
Art Cashin of UBS says stocks got a pop after European markets closed. Lowered growth outlook weighed on indices across the pond.
Exchanges including Nasdaq, Intercontinental Exchange Inc's New York Stock Exchange, Bats Global Markets and CHX Holdings Inc's Chicago Stock Exchange said they deserve "absolute immunity" because they regulate themselves, and that only the U.S. Securities and Exchange Commission could review the plaintiffs' claims. A co-defendant, Barclays Plc, said the...
NEW YORK, Nov 4- IEX Group, which runs an alternative trading system known as a "dark pool," said on Tuesday its plan to allow brokers to post visible orders on its platform at the end of January would not affect the brokers' ability to place hidden orders. IEX, which was featured in Michael Lewis' book "Flash Boys: A Wall Street Revolt," has said it aims to become a registered...
Art Cashin of UBS Financial Services says midterm elections are the next catalyst to move the stock market, which is near a record.
Art Cashin of UBS says stocks are surging after Japan delivers a double whammy of good news: More stimulus and increased stock buying.
The hardware failure impacted data feeds for about half an hour at the NYSE Group's primary data center in Mahwah, New Jersey, forcing the unit of Intercontinental Exchange Inc to switch to its back-up recovery center in Chicago. The processing of quotes and trade reports resumed at Mahwah on Friday, said NYSE spokesman Eric Ryan. The operating and advisory...
NEW YORK, Oct 31- A divided U.S. appeals court rejected UBS AG's bid to force Nasdaq OMX Group Inc to arbitrate a dispute over the exchange operator's alleged "catastrophic mismanagement" of Facebook Inc's $16 billion initial public offering. The 2nd U.S. Circuit Court of Appeals in New York on Friday said UBS' agreement with Nasdaq to help make a market for Facebook...
Market pros Brian Kelly and Michael Crofton weigh in on the latest market moves, with Kelly calling it a "Peter Pan rally" and Crofton proclaiming victory over the bears.
Art Cashin of UBS Financial Services says Visa's strength is causing a one-man-band rally for the Dow, which is outperforming major indexes.
*Q3 adj earnings of $0.84/ shr vs estimates of $0.83. Oct 30- CME Group Inc, operator of the world's largest futures market, reported a 22.5 percent rise in quarterly profit, helped by strong trading volumes. CME, the owner of the Chicago Board of Trade and Chicago Mercantile Exchange, said average daily trading volume rose 12 percent to 13.5 million contracts per day...
Art Cashin of UBS Financial Services says stocks moved in usual fashion going in to and following the Federal Reserve's 2 p.m. ET statement.
Art Cashin of UBS Financial Services says that if oil falls back below $80 it could put pressure on stocks.
NEW YORK, Oct 24- Transatlantic exchange operator Nasdaq OMX Group Inc on Friday reported a higher third-quarter profit, as lower expenses helped offset a decline in revenues driven in part by the impact of foreign exchange rates. Net income attributable to Nasdaq totaled $123 million, or 71 cents per share, up from $113 million, or 66 cents per share, a year earlier.
Art Cashin of UBS Financial Services said earnings, global manufacturing data, higher oil prices and eased terror concerns jolt stocks.
The S&P sectors leading the market rebound are the same groups that led the decline: Materials, energy and industrials.
Art Cashin of UBS Financial Services says oil above $82 is supportive of the market, helping major averages recover from last week's whipsaw action.
Art Cashin of UBS Financial Services says markets are trying to decide if IBM's earnings miss is an omen for earnings season or an isolated case.
NEW YORK, Oct 17- A slowdown in stock quote updates to the trading platform of OTC Markets on Friday led brokerage watchdog the Financial Industry Regulatory Authority to halt trading for almost two hours. OTC Markets is a marketplace for about 10,000 securities, some of them foreign, that are not listed on the New York Stock Exchange or Nasdaq.