Business Scott Brown

  • *Best Buy down on weak forecast. May 24- Wall Street opened higher on Tuesday, recouping some of Monday's losses, with banks among the biggest gainers as investors speculated on the possibility of a June interest rate hike. Until we get that, the market will remain in a tight trading range, "said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.

  • May 20- Wall Street opened higher on Friday, boosted by technology and financial stocks. New York Fed President William Dudley said on Thursday the U.S. economy was strong enough to warrant a rate hike in June or July. "We got rattled earlier this week by shifting Fed perception," said Scott Brown, Chief Economist at Raymond James in St. Petersburg, Florida.

  • May 20- Wall Street was set to open higher on Friday as investors digested the possibility of a June rate hike, a day after the S&P 500 fell to its lowest in two months. New York Fed President William Dudley said on Thursday the U.S. economy was strong enough to warrant a rate hike in June or July. "We got rattled earlier this week by shifting Fed perception," said Scott...

  • U.S. oil prices hit a six-month high as data from the International Energy Agency showing tightening supply, while U.S. crude inventories unexpectedly decreased. Apple tumbled 1.8 percent at a 52- week low of $90.83, dragging on all three indexes. Wall Street dropped on Wednesday as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined...

  • May 12- Wall Street was set to open higher on Thursday, a day after a rout led by consumer stocks led to the Dow post its biggest one-day drop in three months. Wall Street dropped on Wednesday as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined confidence across the consumer sector. "We're in this thin period in terms of economic data and the...

  • *April ADP report shows 156,000 jobs added vs. est. 196,000. *Priceline falls after forecast misses expectations. May 4- Wall Street looked set to open lower for the second straight day on Wednesday after data showed the private sector added the least number of jobs last month since April 2013.

  • *Fed's two-day meeting to begin at 1 pm ET. April 26- Wall Street opened slightly higher on Tuesday, with the Dow rising above the 18,000 mark, as investors assess quarterly earnings and await the outcome of a two-day U.S. Markets see no chance of a U.S. interest rate increase at the meeting that is set to begin on Tuesday but have priced in a one-in-five chance of a hike...

  • *Fed's two-day meeting to begin at 1 pm ET. April 26- Wall Street looked set to open slightly higher on Tuesday as investors assess quarterly earnings and await the outcome of a two-day U.S. Markets see no chance of a U.S. interest rate increase at the meeting that is set to begin on Tuesday but have priced in a one-in-five chance of a hike at the meeting on June 14-15.

  • *S&P tech sector worst performer on S&P 500. April 22- U.S. stock indexes were flat on Friday after poor quarterly reports from technology bellwethers Microsoft and Alphabet outweighed gains from steadying oil prices. Crude rose about 1 percent on signs of strong gasoline consumption in the United States.

  • April 22- U.S. stock indexes were set to open flat on Friday as investors assessed mixed quarterly reports from bellwether companies such as Caterpillar and McDonald's. "We're back to the every other day theory, bouncing around a little, but I don't see too strong a sentiment either way," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.

  • April 4- Wall Street was little changed on Monday as a fall in oil prices hit materials stocks, offsetting a rise in healthcare shares. While the Fed's projections point to two rate hikes this year, traders expect only one, according to the CME Group's FedWatch program. That uncertainty is going to remain with us, "said Scott Brown, chief economist at Raymond James in...

  • *Explosions in Brussels kill at least 30 people. March 22- Wall Street recouped early losses on Tuesday, helped by a rise in healthcare stocks, even as travel-related shares remained under pressure following the Brussels attacks. "The market may be getting desensitized to this kind of violence," said Scott Brown, chief economist at Raymond James in St. Petersburg,...

  • *Explosions in Brussels kill at least 30 people. March 22- U.S. stock indexes were little changed on Tuesday as investors shied away from risk following attacks in Brussels that killed at least 30 people and triggered security alerts across Europe. European markets fell, while traditional safe havens gold and government bonds firmed as reports of the events in...

  • *China Feb exports fall most in more than six years. March 8- Wall Street was lower on Tuesday after weak Chinese data rekindled fears of a global economic slowdown led by the world's second-biggest economy. "suggests the fragile nature of the market's psychology right now," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.

  • *China Feb exports fall most in more than six years. March 8- Wall Street was set to open lower on Tuesday, after weak Chinese data rekindled fears of a global economic slowdown led by the world's second-biggest economy. "suggests the fragile nature of the market's psychology right now," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.

  • Feb 23- A fresh bout of selling swept through Wall Street on Tuesday in the wake of a sharp slide in oil prices, snapping yet another rally in what has been a turbulent year for financial markets. All three major U.S. indexes were down nearly 1 percent as crude sank more than 4 percent after Saudi Oil Minister Ali Al-Naimi ruled out any production cuts.

  • *Oil prices fall more than 4 pct. Feb 23- Wall Street fell on Tuesday, led by materials and financial stocks, as yet another rally failed to take off in what has been a turbulent year for financial markets. JP Morgan, the largest U.S. bank, said on Tuesday it would set aside another $500 million to cover losses stemming from the energy sector.

  • Feb 23- Wall Street slipped on Tuesday, in tandem with a renewed slide in oil prices, as yet another rally failed to take off in what has been a turbulent year so far for markets. Saudi Oil Minister Ali Al-Naimi told global energy executives on Tuesday that the kingdom had not "declared war" on rival producers, and welcomed the rise of nimble U.S. shale oil firms who will...

  • Feb 5- Wall Street was sharply lower on Friday after the January U.S. jobs report appeared to keep alive the prospect of a Fed rate hike this year and tech stocks sold off heavily. Despite the expected slowdown in job growth, the unemployment rate fell to 4.9 percent, the lowest since February 2008, and average hourly earnings increased 0.5 percent, suggesting the...

  • *Average hourly earnings rise 12 cents, or 0.5 pct. Feb 5- Wall Street was sharply lower on Friday after data showing a surge in wages in January and an eight-year low unemployment rate kept the prospects of a Fed rate hike alive this year. "That... serves as a caution to markets that it is too early to take a Federal Reserve March hike completely off the table," said Mohamed...