Business Scott Brown

  • 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...

  • *Weekly employment numbers rise more than expected. Feb 4- Wall Street looked set to open lower on Thursday as oil prices slipped, pressured by oversupply and skepticism about the progress of efforts to lobby crude producers for output cuts. "Investors are still keeping an eye on oil with the market reacting as if oil is a clear signal on global demand," said Scott...

  • NEW YORK, Jan 22- Global equity indexes and oil prices climbed for a second day on Friday, as frigid weather across the United States and Europe boosted energy demand. Comments by European Central Bank President Mario Draghi on Thursday, suggesting the bank could ease its monetary policy at its March meeting, helped encourage investors bruised by a brutal...

  • *Schlumberger up after results, $10 bln buyback. Jan 22- U.S. stocks indexes were up about 1.5 percent in early trading on Friday as a cold wave in the United States and Europe helped oil prices surge for a second day. European Central Bank President Mario Draghi's comments on Thursday suggesting that the bank could ease its monetary policy in its meeting in March...

  • Jan 22- U.S. stock indexes looked set to open higher on Friday as oil prices surged for a second day, helped by a cold wave sweeping across the United States and Europe. European Central Bank President Mario Draghi's comments on Thursday suggesting that the bank could ease its monetary policy in its meeting in March also encouraged investors.

  • *Oil prices rise over 2 pct. NEW YORK, Jan 14- The energy sector led the beaten-up U.S. stock market higher on Thursday as oil prices rebounded from 12- year lows. "Oil has been able to hold the gains, and I think that has just given a little confidence for people to come back into the market today," said Maury Fertig, chief investment officer at Relative Value Partners in...

  • US STOCKS-Wall St rallies as oil prices rebound Thursday, 14 Jan 2016 | 12:58 PM ET

    By Ankur Banerjee and Abhiram Nandakumar. Jan 14- U.S. stocks rallied strongly on Thursday, with the S&P 500 crossing a key technical level, as a rebound in oil prices boosted energy companies. "We've been looking for some sort of bounce for a while now," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.

  • *China stocks slump; trigger 2nd trading halt this week. Jan 7- Wall Street was set to open sharply lower for a second straight day on Thursday after China allowed the yuan to fall further and oil prices slid to near 12- year lows, raising concerns over the state of the global economy. China allowed the biggest fall in the yuan in five months, and Shanghai stocks were...

  • US STOCKS-Wall Street reels under China shock Monday, 4 Jan 2016 | 11:16 AM ET

    *Microsoft top drag on S&P, Goldman on Dow. That's quite a way to start the day off, "said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey. At 11:12 a.m. ET, the S&P 500 was down 52.95 points, or 2.59 percent, at 1,990.99 and the Nasdaq Composite index was down 157.34 points, or 3.14 percent, at 4,850.07.

  • US STOCKS-Wall Street up as oil recovers; Fed in focus Tuesday, 15 Dec 2015 | 11:31 AM ET

    *3 M falls after forecast cut. *Valeant up on distribution deal with Walgreens. JP Morgan, Morgan Stanley, Citigroup and Bank of America were up about 2.5 percent.

  • *Kennametal, 3 M slump after forecast cuts. *Valeant up on distribution deal with Walgreens. "It's been hard to predict where the market is going on a day-to-day basis," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.

  • *Kennametal, 3 M slump after forecast cuts. *Qualcomm up on raised guidance. *Valeant up on distribution deal with Walgreens.

  • NEW YORK, Dec 8- Stock markets worldwide slipped on Tuesday, weighed down by weak China trade figures, but indexes were off their lows after oil prices steadied a bit after falling within reach of a seven-year nadir. U.S. crude hit $36.64 a barrel and Brent hit $39.81, their lowest levels since February 2009, before rebounding. Brent crude was last up 4 cents, at $40.77 a...

  • Dec 8- Wall Street looked set to open lower on Tuesday as weak trade data out of China reignited fears of a global economic slowdown and oil prices continued to slide. Oil majors Exxon and Chevron were down about 2 percent in premarket trading, while miner Freeport McMoRan fell 3.2 percent. "The fall in oil prices suggests weak demand globally and has worried...

  • *U.S. stocks down after long weekend; Asia dips, Europe up. NEW YORK, Nov 30- The dollar hit an eight-and-a-half-month high against key world currencies Monday as the prospect of further European Central Bank stimulus dragged the euro down to its weakest since mid-April. "We're coming off a quiet holiday week and we have a lot of hurdles to cross this week with all the...

  • Nov 30- Wall Street opened little changed but looked set to end the month on a positive note as investors braced for a week of heavy economic data culminating in the November jobs report. While the U.S. central bank is likely to raise interest rates for the first time since June 2006, the European Central Bank is expected to unveil fresh monetary easing measures on...

  • US STOCKS-Wall St set to end month on positive note Monday, 30 Nov 2015 | 9:02 AM ET

    While the U.S. central bank is likely to raise interest rates for the first time since June 2006, the European Central Bank is expected to unveil fresh monetary easing measures on Thursday. Investors will also look for clues regarding the Fed's decision when Chair Janet Yellen speaks on the economic outlook on Wednesday and gives her testimony on the economy...

  • *Airline, travel stocks slip after Paris attacks. Nov 16- Wall Street was higher in choppy trading on Monday with investors seeing little long-term economic impact from Friday's deadly attacks in Paris. "Expectations are that will have a modest potential economic impact," said Eric Wiegand, senior portfolio manager at the Private Client Reserve at U.S. Bank in New...

  • *Factory activity decline in China slows. *Dyax soars after Shire offers to buy company. But, while the Institute for Supply Management's national manufacturing index slipped to 50.1, it was ahead of the expected reading of 50.0.