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*Utilities, energy stocks sell off as investors book profits. NEW YORK, May 8- U.S. stocks erased earlier gains with the S&P 500 and the Nasdaq turning lower in a volatile session, led by losses in the energy and utility sectors.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
Central bank comments, retail sales, stabilization in internet stocks and the Cheetah Mobile IPO help markets.
Some of Thursday's midday movers:
*Priceline, Tesla bounce from early lows. NEW YORK, May 8- U.S. stocks rose on Thursday, as a turnaround in beaten-down momentum names boosted the Nasdaq while initial jobless claims data, which suggested the labor market was improving, helped lift the broader market. Tesla Motors halved its losses in the session so far and was down 5.7 percent at $189.87.
Cheetah Mobile's shares spiked in their market debut, valuing the Chinese security software maker at about $2.2 billion.
The rampant insider selling at Twitter "shocked" CNBC's Jim Cramer, he said on Thursday, especially since its leaders vowed not to sell their shares.
*Yellen to testify before Senate Budget Committee. *Priceline, bounce from early lows. Tesla Motors managed to cut its initial losses for the session in half, down 5.7 percent to $189.87.
Michael Yoshikami has been inside Alibaba’s headquarters in China and he says it offers great insight for investors on the company’s vision.
May 8- Cheetah Mobile Inc's shares rose about 13 percent in their market debut, valuing the Chinese security software maker at about $2.2 billion, after its initial public offering was priced near the top end of the expected range. Cheetah's shares opened at $15.25 and touched a high of $15.89 in early trading on the New York Stock Exchange.
*Yellen to testify before Senate Budget Committee. *Priceline, Tesla drop after results, outlook. A Kremlin spokesman said Russia needed more information and additional analysis after pro- Moscow rebels in eastern Ukraine snubbed President Vladimir Putin and said they would go ahead with a secession referendum planned for Sunday.
*ADS to trade under symbol "CMCM" on NYSE. May 8- China- based Cheetah Mobile Inc's initial public offering raised about $168 million after the company's shares were priced at $14 each, near the top end of the expected price range. The company sold 12 million American depositary shares, which were expected to be priced between $12.50 and $14.50 each.
*Priceline climbs after results, Tesla tumbles. *Priceline Group Inc shares advanced 2.9 percent to $1,164 before the opening bell after the online travel agency reported a 36 percent rise in quarterly profit and gave its second-quarter forecast.
WASHINGTON, May 7- More than 100 technology companies, including Google Inc, Facebook Inc, Twitter Inc and Amazon.com Inc, have written to U.S. telecom regulators to oppose a new "net neutrality" plan that would regulate how Internet providers manage Web traffic.
WASHINGTON, May 7- Over 100 leading technology companies, including Google Inc, Facebook Inc, Twitter Inc and Amazon.com Inc, have written to U.S. telecom regulators to oppose a new "net neutrality" plan that would regulate how Internet providers manage web traffic.
WASHINGTON, May 7- Over 100 leading technology companies including Google Inc, Facebook Inc, Twitter Inc and Amazon.com Inc have written to U.S. telecom regulators to oppose a new "net neutrality" plan that would regulate how Internet providers manage web traffic.
U.S. stocks fluctuated on Wednesday as investors cycled out of so-called momentum stocks.
*Alibaba IPO filing pressures Yahoo shares. Analysts at BGC Partners and Atlantic Equities told Reuters that Alibaba's valuation disappointed some Yahoo investors. That's why we see pressure on names like Google, Facebook and Amazon today, "said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.
Six years after the financial crisis, birth rates haven't bounced back. For the economy, that's bad news.
People are increasingly more comfortable sharing their location data, said Michael Chasen, CEO of Social Radar.