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Archive US: Trading

  • NEW YORK, May 10- U.S. President Donald Trump's ouster of the FBI chief that could hinder his plans for tax cuts and infrastructure spending. The yield drop faded following below-average investor demand at a $23 billion 10- year note sale with benchmark yields retesting a five-week high reached on Tuesday.

  • Technician sees Trump trade resuming thanks to one chart

    Rich Ross of Evercore ISI reveals why he thinks the dollar index is hinting at a resumption of the Trump trade.

  • NEW YORK, May 10- U.S. President Donald Trump's firing of the FBI director that could hinder his economic agenda. The yield drop faded following below-average investor demand at a $23 billion 10- year note sale, the second leg of $62 billion quarterly refunding supply this week with benchmark yields retesting a five-week high reached on Tuesday.

  • *Wall Street mixed after Trump fires FBI director. NEW YORK, May 10- Oil prices rebounded on Wednesday after the largest one-week drop in U.S. crude inventories this year, helping fuel a modest rise on Wall Street, while European stocks closed near their highest in nearly two years. Oil prices rose after Iraq and Algeria joined Saudi Arabia in supporting an...

  • *Iraq, Algeria favour OPEC cut extension- minister. NEW YORK, May 10- Oil prices rose more than 3.5 percent on Wednesday, bolstered by the biggest one-week drop in U.S. inventories so far this year, and after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts. Concerns about rising output from the United States, Libya and Nigeria still...

  • *Iraq, Algeria favour OPEC cut extension- minister. NEW YORK, May 10- Oil prices rose on Wednesday, bolstered by the biggest one-week drop in U.S. inventories so far this year, and after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts. Concerns about rising output from the United States, Libya and Nigeria continue to weigh on markets,...

  • *Wall Street opens lower after news of FBI director firing. NEW YORK, May 10- Oil prices rebounded on Wednesday after a steeper-than-expected drop in U.S. crude inventories, helping limit equity losses on Wall Street, while European stocks held near their highest in nearly two years. In the United States, disappointing results from Dow component Walt Disney and...

  • NEW YORK, May 10- U.S. Treasury benchmark yields retreated from a five-week peak on Wednesday as President Donald Trump's firing of his FBI director spurred some concerns about a political storm that could hinder Trump's economic agenda. The drop in U.S. yields was limited by some investors selling to prepare for the $23- billion auction of 10- year Treasury...

  • The offering was priced at $14 per share, much lower than the proposed range of $18- $20, raising $294 million. Shares of Five Point, which develops commercial and residential land sites in coastal California, rose to as much as $15.40, giving the company a market value of about $3.35 billion. Existing single-family home sales in California were up 6.9 percent in...

  • *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.