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Archive US: Trading

  • *SocGen expects 2017 oil prices in range of $50- 60 per barrel. The U.S. Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EST. Brent futures for February delivery were up 1 cent at $55.36 a barrel at 9:51 a.m. EST.

  • LONDON, Dec 21- Traditional measures of volatility at historic lows and Wall Street stocks at new record highs went hand-in-hand in 2016 with traders fretting about bouts of wild stock-price swings and currency flash-crashes. "Trades often move in bigger size, quicker, and in blocks," said Charlie Bristow, co-head of rates trading at JP Morgan.

  • Dec 21- U.S. stocks opened little changed on Wednesday, with the Dow Jones Industrial Average still flirting with the elusive 20,000 mark, a day after both it and the Nasdaq Composite hit record highs. U.S. stocks have been roaring ahead since the election, with the Dow up 9 percent and the S&P 500 6 percent on bets that President-elect Donald Trump's plans for...

  • Dec 21- U.S. stocks looked set to open little changed on Wednesday, with the Dow Jones Industrial Average still flirting with the elusive 20,000 mark, a day after both it and the Nasdaq Composite hit record highs. U.S. stocks have been roaring ahead since the election, with the Dow up 9 percent and the S&P 500 6 percent on bets that President-elect Donald Trump's plans...

  • Dec 20- The Dow and Nasdaq Composite rose to record highs on Tuesday in a rally fueled by optimism about U.S. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the Dow up 9 percent and the S&P 500 gaining 6 percent on bets that Trump's plans for deregulation and infrastructure spending will boost the economy. "The market is focused on the Trump...

  • The 3 Dow stocks that are down since 1999

    Since the Dow first hit 10,000 in 1999, three Dow stocks are actually lower. Craig Johnson of Piper Jaffray and Mark Tepper of Strategic Wealth Partners discuss with Brian Sullivan.

  • Another lost decade for the Dow?

    The index first crossed above 10,000 in 1999, and was back at the same level in 2010. Will similar happen around 20,000? Craig Johnson of Piper Jaffray and Mark Tepper of Strategic Wealth Partners discuss with Brian Sullivan.

  • *European shares steady after attacks in Germany, Turkey. NEW YORK, Dec 20- U.S. equities touched record highs on Tuesday and the dollar hit a fresh 14- year peak as markets shrugged off risk aversion following attacks in Turkey and Germany. European stocks steadied as reassurance over Italy's plan to spend up to 20 billion euros to rescue its troubled banks...

  • Dec 20- U.S. stocks rose on Tuesday with the Dow nearing 20,000, a level it has never breached, in a rally fueled by optimism about President-elect Donald Trump's policies. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the Dow up 9 percent and the S&P 500 gaining more than 6 percent on bets that Trump's plans for deregulation and...

  • *Libya oil fields reopen, adding to supply. NEW YORK, Dec 20- Oil prices rose on Tuesday, touching a one-week high on expectations of a steep draw in U.S. crude stocks, but edged off gains after Libya announced the reopening of pipelines after a two-year blockade ended recently. Benchmark Brent crude futures were up 40 cents, or 0.7 percent, at $55.32 a barrel at...

  • Trader sees more room to run for financials

    Todd Gordon of TradingAnalysis.com thinks the financials have more room to run, so he looks at a trade in Citigroup.

  • Dec 20- U.S. stocks eased off their session highs in early afternoon trading on Tuesday, but the Dow was still within spitting distance of 20,000, a level it has never breached. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the Dow up 9 percent and the S&P 500 more than 6 percent on bets that President-elect Donald Trump's plans for...

  • Dec 20- The Dow and the Nasdaq hit record highs on Tuesday, with the blue-chip index just 13 points shy of the 20,000 mark, a level it has never scaled. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the Dow up 9 percent and S&P more than 6 percent on bets that President-elect Donald Trump's plans for deregulation and infrastructure spending...

  • *Russia may extend output cut if needed- Novak. *Brent to trade at $53- 57 in coming weeks- analyst. LONDON/ NEW YORK, Dec 20- Oil prices rose on Tuesday to a one-week high on expectations of a steep draw in U.S. crude stocks that could indicate the global glut is starting to shrink.

  • *European shares steady after attacks in Germany, Turkey. On Wall Street, the Dow neared the 20,000 level as reassurance over Italy's plan to spend up to 20 billion euros to rescue its troubled banks offset risk aversion following attacks in Turkey and Germany a day earlier. U.S. stocks have rallied since the Nov. 8 election, with the S&P 500 rising nearly 6 percent on...

  • Wall Street extended a recent rally on Monday but finished the session short of earlier highs as risk aversion set in following the killing of Russian ambassador to Turkey in Ankara and a truck attack in Germany. "2016 is ending with tragic incidents in Turkey and Germany, but investors have become so fast in digesting bad news, and this explains the resilience in...

  • Dec 20- Wall Street looked set to open higher on Tuesday as investors appeared to have shrugged off the potential impact from increased political tensions following Monday's deadly attacks in Turkey and Germany. Wall Street extended a recent rally on Monday but finished the session short of earlier highs as risk aversion set in following the killing of...

  • LONDON, Dec 20- Gold fell on Tuesday as the dollar rebounded towards its highest in more than a decade, after Federal Reserve Chair Janet Yellen's comments on the U.S. jobs market boosted bets on further interest rate hikes next year. Spot gold was down 0.5 percent at $1,132.81 an ounce at 1035 GMT, while U.S. gold futures for February delivery were down $7.90 an ounce...

  • *Gold pulls back after Monday's gains on Germany, Turkey attacks. SINGAPORE, Dec 20- The safe-haven Japanese yen was up in early Asian trade on Monday after attacks in Germany and Turkey spooked investors, while regional stocks were steady as financial markets pondered upbeat comments from the Federal Reserve Chair Janet Yellen. Wall Street ended higher on...

  • Dec 19- Swiss drugmaker Novartis on Monday said it signed a licensing deal to co-develop a fatty liver disease drug with Conatus Pharmaceuticals Inc, under which the small U.S. company will receive $50 million up front. Conatus shares rose to $4.20 in extended trading from a Nasdaq close at $1.96. Conatus has the option to co-commercialize emricasan in the...