The late rally even gave a lift to tech stocks like Google and Intel, which had weighed on the market much of the day. "As long as the market can close on a positive note, it sends a signal to investors that there are bargains in the market still to be had," said Quincy Krosby, market strategist at Prudential Financial.
NEW YORK, April 13- The wrenching selloff in U.S. high-growth technology and biotech shares could leave investors braced for more than a minor pullback when earnings pick up speed this week.
"There's skepticism among investors about the outlook, and we're getting into the first-quarter earnings season, so you're going to see some positioning," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin.
*Men's Wearhouse to acquire Jos. A. Bank Clothiers. Shares of retailers American Eagle and Urban Outfitters fell sharply after disappointing outlooks. They're just taking some money off the table, "said Frank Lesh, futures analyst and broker at FuturePath Trading LLC in Chicago.
*J.C. Penney jumps after Citi upgrade. *Copper prices fall to lowest since July 2010. "When you get a slow data week, markets tend to get a little jittery and slow," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.
*J.C. Penney, other retail shares rally after results. NEW YORK, Feb 27- The S&P 500 closed at a record on Thursday and ended in positive territory for the year after Federal Reserve Chair Janet Yellen said harsh weather seems to be to behind recent U.S. economic softness.
The Fed writes the script for Wall Street. Wall Street will resume trading on Tuesday. "We want to see any discussion on the language moving away from the thresholds," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.
NEW YORK, Feb 14- With economic data being shoveled aside like snow and earnings season winding down, U.S. stock investors could zero in next week on the Fed's view of the economy and technical analysis charts as the S&P 500 nears its record high.
Feb 12- MetLife Inc, the largest U.S. life insurer, reported a better-than-expected nine-fold rise in quarterly profit, helped by lower claims and a smaller loss on its derivatives program.
NEW YORK, Feb 7- U.S. stocks were set to open higher on Friday even as data showed U.S. employers hired fewer workers than expected in January and job gains for December were barely revised up. Nonfarm payrolls rose 113,000, the Labor Department said, on an expectation of a 185,000 gain.
*4th- qtr operating earnings $2.20 vs est $2.23. Feb 5- Prudential Financial Inc, the second-largest U.S. life insurer, reported a lower-than-expected adjusted operating income due to pretax losses related to the weakening of Japanese yen against the dollar.
Feb 5- Prudential Financial Inc, the second-largest U.S. life insurer, reported a wider loss as premium income fell and Japanese yen strengthened. Net loss in the financial services businesses attributable to the company widened to $427 million, or 94 cents per share, for the quarter ended Dec. 30 from $185 million, or 42 cents per share, a year earlier.
*Amazon.com shares tumble after earnings disappoint. NEW YORK, Jan 31- A selloff in emerging markets sent a cold chill down Wall Street, triggering a slide on Friday and making January its worst month since May 2012 after one of its best years in more than a decade. Chevron Corp and Amazon.com were among the biggest drags.
*January is worst month for Dow and S&P 500 since May 2012. NEW YORK, Jan 31- A selloff in emerging markets sent a cold chill down Wall Street, triggering a slide on Friday and making January its worst month since May 2012 after one of its best years in more than a decade.
NEW YORK, Jan 31- Bargain-hunters on Wall Street could not stop the bleeding in global shares on Friday as fears of a protracted capital flight out of emerging markets lingered, handing a gauge of global equities its worst month in almost two years.
NEW YORK, Jan 26- Wall Street managed to avoid major selloffs in 2013, but bears look ready- and anxious- to take command. Another cut to the central bank's monthly purchase of Treasuries and mortgage-backed securities- to $65 billion from $75 billion- is all but certain, based on policymakers' recent comments.
NEW YORK, Jan 24- Wall Street managed to avoid major selloffs in 2013, but bears look ready- and anxious- to take command. Another cut to the monthly purchase of Treasuries and mortgage-backed securities- to $65 billion from the current $75 billion- is all but certain, based on policymakers' recent comments.
NEW YORK, Jan 24- The profits picture painted so far by U.S. companies has given little indication of a pickup in earnings growth, supporting the argument that the stock market had come too far, too fast.
Treasuries set for 3rd worst year in 4 decades- Barclays. NEW YORK, Dec 27- U.S. benchmark Treasuries yields rose above 3 percent to their highest level in more than two years on Friday, nearly assuring 2013 becomes one of the bond market's worst years in decades.
*World equities markets keep rallying; U.S., Germany at records. *Turkey's lira hits record low as political crisis deepens. NEW YORK/ PARIS, Dec 27- U.S. benchmark government bond yields rose above 3 percent, hitting a two-and-a-half year high on Friday, while major global equity markets extended gains to a seventh day in a broad year-end surge.