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Archive US: Trading

  • *Asia earnings expectations at more than 3- year highs. "Markets are setting aside the many policy changes seen from the Trump administration and focusing on the improvement in corporate performance and that should support sentiment," said Tai Hui, chief Asia market strategist at JPMorgan Asset Management in Hong Kong. That has helped Asia as well, with 12- month...

  • HONG KONG, May 10- Asian stocks are set to start Wednesday trade on a tentative note with markets put on edge by U.S President Donald Trump's abrupt dismissal of FBI Director James Comey and rising tensions over North Korea's nuclear programme. MSCI's broadest index of Asia-Pacific shares outside Japan was flat after posting modest gains in the previous...

  • The Needham, Massachusetts- based company's shares were up about 6 percent at $49.75 in after-hours trading on Tuesday. TripAdvisor also said it expects to spend about $70 million- $80 million on television ads, starting in the United States. The company's net income fell to $13 million, or 9 cents per share, in the first quarter ended March 31, from $29 million, or 20...

  • In a vote of confidence for the company, SunPower said its majority owner, France's Total, had agreed to guarantee up to $100 million of its $300 million credit revolver facility through August of 2019.. SunPower forecast a second-quarter loss of $135 million to $110 million, bigger than analysts' average estimate of $101.2 million, according to Thomson Reuters...

  • NEW YORK, May 9- A fall in oil prices knocked Wall Street stocks down a peg after touching record highs on Tuesday with European equities and global bond yields rising on bolstered investor sentiment thanks to historically low U.S. equity volatility, the French presidential election result and solid corporate earnings. The S&P 500 and Nasdaq hit all-time...

  • The Needham, Massachusetts- based company's shares rose about 6 percent to $49.55 in after-hours trading. The company's total revenue rose to $372 million in the first quarter ended March 31, from $352 million a year earlier. Net income fell to $13 million, or 9 cents per share, from $29 million, or 20 cents per share.

  • *Apple closes with market cap of $803 bln. May 9- The S&P 500 fell on Tuesday after edging up to an intra-day record high for the second straight session, while Apple became the first U.S. company to close with a market capitalization above $800 billion. said Bruce Bittles, chief investment strategist for Robert W. Baird& Co..

  • Higher output in non- OPEC countries, particularly the United States, Canada and Brazil, has offset OPEC's deal reached last year to cut production and kept pressure on oil prices. The Organization of the Petroleum Exporting Countries and non- OPEC member countries will meet in Vienna on May 25 to discuss whether to continue output cuts of 1.8 million bpd in an...

  • NEW YORK, May 9- U.S. Junk bond issuance spiked following an earnings-related lull, according to IFR, a Thomson Reuters unit. There won't be another disruptive force for financial markets, "said Dominic Pappalardo, portfolio manager at McDonnell Investment in Oakbrook Terrace, Illinois.

  • Tim Cook, CEO of Apple Inc.

    Apple shares are up more than 30 percent this year. Craig Johnson of Piper Jaffray and Jacob Weinig of Malachite Capital discuss with Eric Chemi.

  • NEW YORK, May 9- U.S. Junk bond issuance spiked following an earnings-related lull, according to IFR, a Thomson Reuters unit. There won't be another disruptive force for financial markets, "said Dominic Pappalardo, portfolio manager at McDonnell Investment in Oakbrook Terrace, Illinois.

  • Biotech’s moment of truth

    The IBB ETF is at a key technical level, according to Craig Johnson of Piper Jaffray. He discusses with Jacob Weinig of Malachite Capital and Eric Chemi.

  • One technical indicator is signaling a pullback for stocks: Trader

    Todd Gordon of TradingAnalysis.com explains how Elliott waves are predicting a pullback in the market.

  • NEW YORK, May 9- Higher crude output from the United States should pressure global oil prices through the end of 2018, the U.S. government said on Tuesday, ahead of a meeting later this month at which OPEC and non-member producers will discuss extending supply cuts. "Higher oil production from the United States, along with rising oil output from Canada and Brazil, is...

  • The VIX, Wall Street's "fear gauge", hit its lowest level in more than a decade earlier in the day. However, analysts cautioned against investor complacency, especially after the market's strong run since Donald Trump's election as U.S. president. "In the short-term, investors can enjoy this run, but they should start to hedge their positions and look for safety," said...

  • Shares of CBOE, which agreed to buy Bats Global Markets Inc for $3.2 billion last year, were up as much as 3.1 percent in morning trade, touching a record high of $84.81. CBOE's net income allocated to common shareholders fell to $15.1 million, or 16 cents per share, in the first quarter ended March 31, from $49.2 million, or 60 cents per share, a year earlier.

  • NEW YORK, May 9- U.S. Treasury yields climbed on Tuesday, with benchmark yields reaching a five-week peak before a $24 billion auction of a three-year government debt issue in what will be the first leg of this week's $62 billion quarterly refunding. Junk bond issuance experienced a spike, according to IFR, a Thomson Reuters unit.

  • The Chicago- based company, whose shares were flat in premarket trading, said operating expenses rose primarily due to $65.2 million in acquisition-related costs. The operating expenses of the company, which agreed to buy Bats Global Markets Inc for $3.2 billion last year, rose to $167.3 million from $63.6 million, a year earlier. The company's net income...

  • NEW YORK, May 8- The U.S. stock market's main gauge of investor anxiety closed at the lowest level in over two decades on Monday as equities show no break from the small daily gyrations that have characterized the market over the last several months. The VIX has dipped so low because stocks have not been moving in large ranges from highs to lows in the last few months,...

  • *Kate Spade rises on Coach's buyout offer. May 8- The S&P 500 ended flat on Monday after briefly touching a record high, while Wall Street's "fear gauge" dropped to its lowest in over two decades following centrist Emmanuel Macron's victory in the French presidential election. "It's been here before, but not much lower than this," said Donald Selkin, chief market...