CNBC Franchise Archive US: Trading

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  • Feb 5- The Nasdaq led a selloff on Wall Street following weak forecasts from technology companies, including LinkedIn, and worries about lofty valuations. LinkedIn was down 45 percent at $105.67 a day after the company's revenue forecast missed estimates. Big tech names also sank, including Facebook shares, which dropped 5.7 percent to $104.20, while Alphabet...

  • US STOCKS-Technology stocks lead Wall St selloff Friday, 5 Feb 2016 | 3:08 PM ET

    LinkedIn was down 45 percent at $105.67, a day after the company's revenue forecast missed estimates. Big tech names also dropped sharply, including Facebook shares fell 5.7 percent to $104.20, while Alphabet fell 3 percent to $707.97 and Amazon sank 6.6 percent to $500.17. "Tech has got a few shining examples of what happens if you disappoint," said Art Hogan, chief...

  • Feb 5- Wall Street extended a sharp selloff in afternoon trading on Friday after data showing the U.S. unemployment rate had hit an eight-year low in January revived the prospect of a Fed rate hike this year, and tech stocks sold off heavily following weak forecasts. Despite the expected slowdown in job growth, the unemployment rate fell to 4.9 percent, the lowest...

  • *Dollar rebounds from recent losses. NEW YORK, Feb 5- Global stocks and bond prices fell after a key U.S. jobs report painted a mixed picture of the U.S. labor market and left investors with a muddled view on rate hike prospects. While U.S. non-farm payrolls increased by just 151,000 jobs last month, well below forecasts of 190,000, the unemployment rate fell to 4.9...

  • 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...

  • Grain lower, livestock mixed Friday, 5 Feb 2016 | 10:39 AM ET

    CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for March delivery was 5.25 cents lower at $4.6740 a bushel; March corn was 1.25 cents lower at $3.6720 a bushel; March oats were 1 cent higher at $1.9720 a bushel; while March soybeans was 1.25 cents lower at $8.7320 a bushel. April live cattle was. 60 cent lower at $1.3505 a...

  • Stocks lose more ground as jobs report disappoints Friday, 5 Feb 2016 | 10:15 AM ET

    NEW YORK— Stocks posted steep losses Friday, ending the week with broad declines, as investors fretted over a report showing that U.S. job creation slowed last month. Technology stocks fell especially hard, and shares of LinkedIn had their worst day in history. Energy and consumer discretionary stocks fell as oil prices declined and investors continued to worry...

  • *Average hourly earnings rise 12 cents, or 0.5 pct. Feb 5- Wall Street opened 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. "Judging from the notable 0.5 percent monthly increase in hourly wages, the impressive job creation of recent years may finally be...

  • LONDON, Feb 5- The dollar rose against a basket of currencies on Friday along with Treasury yields, but global stocks fell after a key U.S. jobs report painted a mixed picture of the labour market and left investors with a muddled view on rate hike prospects. Non-farm payrolls increased by 151,000 jobs last month, well below forecasts of 190,000 while the...

  • *March wheat in Paris falls to contract low. LONDON, Feb 5- Wheat futures in both Chicago and Paris were lower on Friday, weighed down by the slow pace of exports while corn was little changed and soybeans edged up. March wheat on the Chicago Board of Trade was off 0.3 percent at $4.71-1/ 2 a bushel at 1152 GMT.

  • How the Dow Jones industrial average fared on Thursday Thursday, 4 Feb 2016 | 4:40 PM ET

    NEW YORK— U.S. stocks posted modest gains Thursday as investors await Friday's closely watched jobs report, which could offer insight about the U.S. economy and help determine whether the Federal Reserve raises interest rates again next month. The Dow Jones industrial average added 79.92 points, or 0.5 percent, to 16,416.58. The Standard& Poor's 500 index rose...

  • *Ralph Lauren, Kohl's drag down other retailers. Feb 4- A jump in materials shares helped U.S. stocks eke out a second straight day of gains on Thursday, though disappointing forecasts from retailers and anxiety ahead of Friday's jobs report limited the advance. Adam Sarhan, chief executive of Sarhan Capital in New York, said the market is trying to bounce from "...

  • Allstate and CBS are big market movers Thursday, 4 Feb 2016 | 4:33 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq stock market:. The Allstate Corp., up $2.41 to $62.05. Yum Brands Inc., down 14 cents to $72.31.

  • Feb 4- The S&P 500 and Nasdaq edged lower in choppy trading Thursday after disappointing forecasts from retailers and as investors braced for Friday's monthly jobs report. Ralph Lauren sank 22 percent to $90.15 while Kohl's fell 18.4 percent to $41.70, the two biggest percentage decliners in the S&P 500.. The Dow was in positive territory, helped by shares of...

  • TREASURIES- Bonds steady, Friday's jobs report in focus Thursday, 4 Feb 2016 | 10:43 AM ET

    *Friday's jobs data in focus. NEW YORK, Feb 4- U.S. "The market expects U.S. data to slow down and the Fed not to hike even as much as it had earlier indicated," said Amrut Nashikkar, analyst at Barclays in New York.

  • Grain higher, livestock higher Thursday, 4 Feb 2016 | 10:39 AM ET

    CHICAGO— Grain futures were higher Thursday in early trading on the Chicago Board of Trade. Wheat for March delivery was. 50 cent higher at $4.8040 a bushel; March corn was 1.25 cents higher at $3.7220 a bushel; March oats were. 50 cent higher at $1.97 a bushel; while March soybeans was 5.50 cent higher at $8.8240 a bushel. April live cattle was. 78 cent higher at $1.3653 a...

  • NEW YORK, Feb 4- U.S. "Oil has been driving a lot of the moves for several weeks now, and a lot of it has to do with how expectations of inflation and the health of the global economy evolve," said Amrut Nashikkar, an analyst at Barclays in New York. Oil slipped below $35 a barrel on Thursday after the previous session's 7 percent jump, pressured by oversupply and skepticism...

  • *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...

  • Ralph Lauren shares down on dim earnings, outlook Thursday, 4 Feb 2016 | 8:11 AM ET

    NEW YORK— Shares in Ralph Lauren fell more than 22 percent to a multiyear low Thursday after the company cut its outlook for 2016 and reported disappointing earnings it blamed on unseasonably warm holiday weather and a drop in foreign tourist traffic in North America. Looking ahead, Ralph Lauren said it now expects fiscal 2016 revenue on a reported basis to...