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Archive US: Trading

  • COVINGTON, La. _ Pool Corp. on Thursday reported second-quarter profit of $94.9 million. Pool Corp. expects full-year earnings to be $4.12 to $4.32 per share. Pool Corp. shares have climbed 13 percent since the beginning of the year.

  • NEW YORK— Philip Morris International Inc. missed profit forecasts as demand for traditional cigarettes continues to dry up with smokers either quitting or opting for alternative products. For the quarter ended in June, the New York- based company said it earned a profit of $1.14 per share, compared with $1.15 per share for the same period last year.

  • NEW YORK _ Bank Of New York Mellon Corp. on Thursday reported second-quarter earnings of $975 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share. Bank of New York Mellon shares have climbed 12 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 10...

  • PITTSBURGH _ PPG Industries Inc. on Thursday reported second-quarter earnings of $501 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.81 per share. PPG Industries shares have increased 20 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 10 percent.

  • NEW YORK _ Omnicom Group Inc. on Thursday reported second-quarter net income of $328.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share. Omnicom shares have declined 5 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 10 percent.

  • WINSTON-SALEM, N.C. _ BB&T Corp. on Thursday reported second-quarter profit of $673 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share. BB&T shares have dropped almost 5 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 10 percent.

  • Health care companies including Abbott Laboratories are rising as investors focus on quarterly results, while weaker reports are putting a dent in industrial and basic materials companies. HEALTHY, WEALTHY: Abbott Laboratories, which makes infant formula, drugs and medical devices, gained $1.55, or 3.1 percent, to $50.98 after reporting results that were...

  • *Global stocks at record, Asia ex- Japan index hits 9-1/ 2- yr high. *Strong earnings propel Wall Street to close at all-time highs. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.15 percent, hovering near its highest level since December 2007.

  • *Global stocks at record, Asia ex- Japan index hits 9-1/ 2- yr high. *Strong earnings propel Wall Street to close at all-time highs. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent, hovering near its highest level since December 2007.

  • *Global stocks at record, Asia ex- Japan index hits 9-1/ 2- yr high. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.15 percent, hovering near its highest level since December 2007. The MSCI World index rose for its tenth straight session on Thursday and set a record high for the sixth consecutive day, lifted by all-time closing highs on Wall...

  • *S&P 500 tech sector breaks record held since March 2000. NEW YORK, July 19- The major U.S. stock indexes closed at record highs on Wednesday helped partly by technology stocks, which surpassed a long-standing mark, despite gains on the Dow being capped by a sharp drop in IBM shares. The S&P 500 tech sector broke its previous record closing high that had held since...

  • NEW YORK— U.S. stocks continued to climb Wednesday, led by technology, health care and energy companies. Media companies also rose as stock indexes set record highs. The Russell 2000 index of smaller-company stocks leaped 14.16 points, or 1 percent, to 1,441.77.

  • NEW YORK _ Alcoa Corp. on Wednesday reported second-quarter earnings of $75 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. Alcoa shares have climbed 30 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 10 percent.

  • NEW YORK, July 19- A broad barometer of global stocks posted a ninth straight session of gains on Wednesday as earnings season in the United States and Europe heated up, while the dollar clawed back from 10- month lows and oil prices jumped. The S&P 500 and Nasdaq marked record highs in the United States, picking up from strong performances by major European stock...

  • Tony Dwyer’s message to the bears

    Tony Dwyer of Canaccord Genuity tells the bears what they’re missing, in this interview with Eric Chemi.

  • Why this tech bellwether is a good buy for the long run

    Boris Schlossberg of BK Asset Management says Microsoft has a strong long-term forecast that investors can buy into.

  • Are investors turning on the Fed?

    Fund managers are increasingly wary about central bank policy. Larry McDonald of ACG Analytics and Boris Schlossberg of BK Asset Management discuss with Eric Chemi.

  • NEW YORK, July 19- The Nasdaq Composite and the S&P 500 hit record highs on Wednesday, powered by technology stocks and a more than 20 percent jump in Vertex Pharmaceuticals, while gains on the Dow were capped by a sharp drop in IBM shares. Vertex jumped as much as 26.4 percent to an all-time high of $167 a day after it reported positive results for its cystic fibrosis...

  • NEW YORK, July 19- A gauge of global stocks climbed for a ninth straight session on Wednesday as earnings season heated up in the United States and Europe, while the dollar bounced modestly off 10- month lows. After decent gains in Asia on the back of positive signs from global economic powerhouse China, MSCI's world stocks index looked set for a ninth day of gains...

  • The Energy Information Administration said U.S. crude stocks fell 4.7 million barrels during the week ended July 14., exceeding estimates for a 3.2 million draw in a Reuters poll. Brent futures for September delivery were up 60 cents, or 1.2 percent, at $49.44 a barrel by 11:58 a.m. EDT. "The report was more good news for the oil industry as inventories declined...