Private Advisor Group's Guy Adami says the market might be running out of steam.» Read More
NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. General Electric Co., up 57 cents to $24.82. Morgan Stanley, up 69 cents to $33.22.
Stocks surged Friday as companies including GE and Morgan Stanley reported profits.
NEW YORK, Oct 17- Morgan Stanley, which has spent three years throwing out bad apples from its fixed income trading portfolio, now wants to put the freed up money into businesses that bear healthier fruit. The bank's risk-weighted fixed-income trading assets have shrunk to $190 billion, close to its target of $180 billion by the end of next year, giving Morgan...
"I think short term, we deserve a bounce," short-only portfolio manager Brad Lamensdorf says.
Bank of America Corp. rose$. 23 or 1.4 percent, to $16.31. Citigroup Inc. rose$. 49 or 1.0 percent, to $50.24. Goldman Sachs rose $4.23 or 2.5 percent, to $176.81.
General Electric, Morgan Stanley and Textron all rose after reporting results that were better than analysts expected. France's CAC 40 and Germany's DAX each rose 3 percent. The price of oil rose 59 cents to $83.29 a barrel.
Europe shares saw strong gains on Friday, ending the day firmly in positive territory, with investors searching for bargains after heavy selling.
Wall Street followed Europe's lead, with all major stock indexes climbing more than 1 percent after earnings reports eased concerns about the impact of weak global demand on U.S. growth and businesses. Results at General Electric, Honeywell International Inc and Morgan Stanley topped expectations. GE rose 3.3 percent to $25.05, Honeywell gained 3.6 percent...
Oct 17- Shares of fiber network company Zayo Group Holdings Inc jumped as much as 20 percent in their market debut on Friday as investors bet on the growing demand from businesses for ultra-fast Internet. The stock touched a high of $22.85 on the New York Stock Exchange, valuing the company at about $5.35 billion. The offering raised about $400 million after it was...
Bank of America Corp. rose$. 21 or 1.3 percent, to $16.29. Citigroup Inc. rose$. 60 or 1.2 percent, to $50.35. Wells Fargo rose$. 60 or 1.2 percent, to $48.73.
Oct 17- Shares of fiber network company Zayo Group Holdings Inc rose as much as 17 percent in their market debut on Friday, valuing the company at about $5.2 billion. The stock opened at $21.51 and touched a high of $22.25 in early trading on the New York Stock Exchange. Morgan Stanley, Barclays and Goldman Sachs were lead underwriters for the IPO.
NEW YORK, Oct 17- U.S. stocks were higher at the open on Friday, following a batch of solid earnings reports that eased concerns about the impact of weak global demand on U.S. growth and businesses. General Electric shares rose 2.8 percent to $24.94 after the company reported third-quarter earnings that topped analyst expectations, pushing the S&P industrial...
General Electric and Morgan Stanley each rose 3 percent in early trading after reporting earnings that beat analysts' estimates. France's CAC 40 rose 2 percent and Germany's DAX rose 1.7 percent. The price of oil rose 53 cents to $83.26 a barrel.
CNBC's Mary Thompson spoke to Morgan Stanley CFO Ruth Porat about the company's strong earnings results and their potential deal with Rosneft.
NEW YORK, Oct 17- Top Goldman Sachs Group Inc executives are determined to keep compensation costs under control. Sources familiar with the matter inside Goldman Sachs described the restraint as a sign of the shifting mentality about bonuses at the bank: it wants to tightly control compensation, even if it has good quarters with big revenue gains.
Companies making headlines before the bell Friday:
U.S. stock index futures are signalling a higher open following better-than-expected earnings and economic data from the U.S.
NEW YORK, Oct 17- U.S. stock index futures jumped on Friday following a batch of solid earnings reports and on hopes the Federal Reserve might slow the wind-down of its stimulus in light of recent weakness in global demand. The S&P 500 and Nasdaq eked out slight gains on Thursday after another choppy session as economic data eased fears about the potential effect...
NEW YORK— Morgan Stanley's third-quarter net income nearly doubled, helped by strength in its institutional securities and wealth management divisions. Morgan Stanley had a large increase in pre-tax income for its institutional securities business, which includes the firm's prime brokerage, trading and investment banking divisions.
*The S&P 500 and Nasdaq eked out slight gains on Thursday after another choppy session as economic data eased fears about the potential effect of a weakening global economy on the United States and following remarks by St. Louis Federal Reserve Bank President James Bullard that the U.S. central bank may want to keep up its bond buying stimulus for now.