As chatter about Fed tapering intensifies, Jim Cramer looks for signs of fundamental strength.» Read More
NEW YORK, Dec 9- U.S. stocks edged higher on Monday, with the S&P 500 closing at a record high, as traders awaited more clues from the Federal Reserve on whether the U.S. central bank would soon begin winding down its economic stimulus. The Dow industrials traded within 43.11 points from session high to intraday low, in the Dow's tightest daily range since Aug. 17, 2012.
NEW YORK, Dec 9- U.S. stocks advanced modestly on Monday after positive Chinese trade and inflation data, while remarks by top Federal Reserve officials about the outlook for slowing the Fed's stimulus had little impact on the market.
Jeffrey Lacker, the president of the Federal Reserve Bank of Richmond, will speak at an economic outlook conference in Charlotte, North Carolina, at 12:30 p.m.. St. Louis Fed Bank President James Bullard will also speak on the economy in St. Louis in the afternoon, and Dallas Fed Bank President Richard Fisher will speak in Chicago in the evening.
NEW YORK, Dec 9- Wall Street rose modestly on Monday after Chinese inflation data eased worries about policy tightening there, while investors were cautious before speeches on the economy by four top Federal Reserve officials. Richmond Fed Bank President Jeffrey Lacker will speak at an economic outlook conference in Charlotte, North Carolina at 12:30 p.m..
What's the theme for 2014? It's still murky, but I'm increasingly warming to the idea of a synchronized but low-key global recovery.
Sysco said it would buy rival US Foods for about $3.5 billion, creating a company with about $65 billion in annual revenue.
NEW YORK, Dec 9- Wall Street was set for a slightly higher open on Monday, supported by inflation data from China but gains were likely to be capped with a number of top Federal Reserve officials lined up to speak throughout the day.
Dec 9- Sysco Corp said it would buy rival US Foods Inc for about $3.5 billion and assume about $4.7 billion in debt to cement its position as the biggest U.S. food distributor, driving up Sysco's shares 30 percent before the bell.
U.S. stock index futures pointed to a flat-to-higher open on Monday, with risk sentiment getting a second wind from strong China data after Friday's jobs number.
Dec 9- Food distributor Sysco Corp said it would buy rival US Foods for about $3.5 billion and assume about $4.7 billion in debt to create a company with about $65 billion in annual revenue.
WASHINGTON, Nov 19- A subsidiary of Sysco Corp will pay $4.2 million to settle allegations brought by a whistleblower that it overcharged the U.S. military for fresh fruit and vegetables over a two-year period, the Justice Department said on Tuesday.
Take a look at some of Monday's midday movers:
Stocks kicked off the week on a lackluster note, with the Dow and S&P 500 extending their losses after posting their worst week since June, as investors found little reason to buy.
*Nasdaq helped by gains in Apple. NEW YORK, Aug 12- Technology stocks Apple and BlackBerry kept the Nasdaq above break-even on Monday, but other major stock indexes were lower in a session marked by light trading.
*Nasdaq index also helped by report on redesigned Apple iPhone. NEW YORK, Aug 12- U.S. stock were little changed on Monday after trimming losses, although the Nasdaq composite index rose slightly on gains by Apple and BlackBerry.
*S&P 500 down for four of the past five sessions. *Tesla Motors falls before the open after downgrade. NEW YORK, Aug 12- U.S. stock index futures pointed to a lower open on Monday after shares recorded the biggest weekly decline since mid-June last week and investors found few reasons to buy.
U.S. stock index futures signaled a lower open on Monday, after stocks posted their biggest weekly decline since mid-June last week, following weaker-than-expected gross domestic product data from Japan and as investors looked for reasons to buy.
*Apple seen unveiling new iPhone next month. *Tesla Motors falls in premarket after downgrade. *Chinese shares rose to a two-month high as the South China Morning Post reported that authorities in Beijing were offering stimulus to key cities and provinces to bolster a slowing economy.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
Earnings reports for the rest of the week will offer some crucial insight into how the US consumer — and the larger economy — is doing.