CNBC Franchise Archive US: Trading

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  • NEW YORK— Shares of Expedia and TripAdvisor soared Thursday, even though the travel website companies reported differing results for the fourth quarter. Expedia's results were worse than Wall Street expected as costs piled up related to its acquisition of Orbitz, the company reported late Wednesday. Meanwhile, TripAdvisor, which was spun off from Expedia in...

  • NEW YORK, Feb 11- Bank shares dragged Wall Street lower on Thursday on concerns the slowing global economy will continue to pressure down interest rates, while energy shares helped pare losses on a report that OPEC may move to cut oil production. The S&P 500 touched its lowest in two years before bouncing back after the Wall Street Journal reported OPEC was ready...

  • *Treasury sells $15 billion of 30- year bonds at auction. NEW YORK, Feb 11- U.S. "In our view there is a mini-financial crisis impacting Treasury prices," said Bo Christensen, chief analyst at Danske Invest in Copenhagen, Denmark.

  • Trading Nation: Massively oversold, more losses ahead?

    Are stocks sniffing out a recession? David Seaburg, Cowen, and Nick Colas, Convergex, discuss the latest market conditions.

  • NEW YORK, Feb 11- Global stock markets are on their shakiest footing in years. In addition to the selling in the United States, major stock indexes worldwide have also been hit hard, despite efforts by the Bank of Japan and the European Central Bank to spur growth through lower interest rates. "One of the new themes in markets is that has damaged the banks and that...

  • NEW YORK— Shares of the Boeing Co. plummeted Thursday after a report said the U.S. Securities and Exchange Commission is investigating the aircraft manufacturer's accounting. Shares of the Chicago- based company fell 12 percent at one point during the day, about an hour after Bloomberg News published a report that said the SEC was looking into the cost and sales...

  • NEW YORK, Feb 11- Stock indexes worldwide tumbled on Thursday on fears over the health of the global economy, with banking shares slumping on both sides of the Atlantic, while safe-haven 10- year Treasury yields hit their lowest since 2012.. The U.S. dollar slid to its lowest against the safe-haven yen since October 2014 of 110.985 yen, and was on track for its worst...

  • NEW YORK, Feb 11- Stock indexes worldwide stumbled on Thursday on fears over the health of the global economy, with banking shares slumping on both sides of the Atlantic while safe-haven 10- year Treasury yields hit their lowest since 2012.. The dollar hit its lowest against the safe-haven yen since October 2014 of 110.985 yen, and was on track for its worst week...

  • CHICAGO— Grain futures were higher Thursday in early trading on the Chicago Board of Trade. Wheat for March delivery was 2.50 cents higher at $4.6360 a bushel; March corn was 1 cent higher at $3.6120 a bushel; March oats were 1.50 cents higher at $1.9060 a bushel; while March soybeans was 6.50 cents higher at $8.6860 a bushel. April live cattle was 2.18 cents lower at...

  • *All 10 S&P sectors fall, led by financials. Feb 11- U.S. stock indexes plummeted on Thursday morning as investors spooked by the health of the global economy jettisoned stocks and fled to safe-haven assets. Federal Reserve Chair Janet Yellen on Wednesday acknowledged tightening financial conditions and uncertainty about China and the risks that posed to the...

  • ATLANTA _ AGL Resources Inc. on Thursday reported fourth-quarter profit of $107 million. The Atlanta- based company said it had net income of 89 cents per share. AGL Resources shares have climbed 1.5 percent since the beginning of the year, while the Standard& Poor's 500 index has declined slightly more than 9 percent.

  • *Oil slump, Yellen comments stoke worries. Feb 11- U.S. stock indexes were set to open sharply lower on Thursday, with investors piling into safe haven assets as another fall in oil prices and cautious comments from Federal Reserve Chair Janet Yellen rekindled doubts about global economic health. Yellen on Wednesday acknowledged tightening financial...

  • WINSTON SALEM, N.C. _ Reynolds American Inc. on Thursday reported fourth-quarter net income of $279 million. Reynolds American expects full-year earnings in the range of $2.25 to $2.35 per share. Reynolds American shares have increased roughly 3 percent since the beginning of the year, while the Standard& Poor's 500 index has dropped slightly more than 9...

  • Germany's DAX benchmark index fell 2.9 percent to close at 8,752.87 while Britain's FTSE 100 shed 2.4 percent to 5,536.97. France's CAC 40 dropped 4.1 percent to 3,896.71, dragged down by bank Societe Generale, which fell 12.6 percent after warning on profits. All eyes are turning to Federal Reserve Chair Janet Yellen as she prepares to give her second day of...

  • The latest slump reflected heightened concerns that global economic growth is slowing, even as Federal Reserve Chair Janet Yellen reiterated her confidence in the U.S. economy in testimony to congress Thursday. Kinahan, TD Ameritrade's chief strategist. The price of oil tumbled to $26.21, its lowest level since May 2003.

  • *Inventories at Cushing delivery point hit record highs. SINGAPORE, Feb 11- Oil prices slid on Thursday as record U.S. crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets, and Goldman Sachs said prices would remain low and volatile until the second half of the year. Inventories at the Cushing, Oklahoma...

  • International benchmark Brent crude futures were trading at $60.62 per barrel at 0117 GMT, down 22 cents. West Texas Intermediate crude futures were at $26.96 per barrel, down 49 cents and within a dollar of the $26.19 a barrel 2003 low from January. Inventories at the Cushing, Oklahoma delivery point for U.S. crude futures rose to an all-time high just shy of 65...

  • West Texas Intermediate crude futures were trading at $27.37 per barrel at 0022 GMT, down 8 cents from their previous close and more than 20 percent below a peak reached in late January following a brief rally. Inventories at the Cushing, Oklahoma delivery point for U.S. crude futures rose to an all-time high just shy of 65 million barrels, data from the...

  • *Japan on holiday, South Korea stocks resume with sharp loss. SYDNEY, Feb 11- Asian shares sputtered on Thursday as U.S. Federal Reserve Chair Janet Yellen's tone of guarded optimism led to an indecisive finish for Wall Street and further weakness for the dollar.

  • DETROIT— Tesla Motors posted its 11th straight quarterly loss Wednesday, and its results badly missed Wall Street's forecasts. Tesla said it will unveil the much-anticipated $35,000 car on March 31 and expects to start production at the end of 2017.. CEO Elon Musk said he's not worried about competition from the all-electric Chevrolet Bolt, which will have a...