CNBC Franchise Archive US: Trading

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  • Oct 8- Burger chain Shake Shack Inc's shares fell as much as 11.3 percent on Thursday after the company said it would convert about 21 million of its Class B shares into Class A shares, allowing pre-IPO investors to cash out. Shake Shack said insiders could sell about 26.2 million shares, worth about $1.27 billion. Shake Shack's shares closed down 4.6 percent at...

  • NEW YORK Oct 8- World stock indexes climbed and the dollar dipped on Thursday as minutes from the latest Federal Reserve meeting showed policymakers view low inflation as a hurdle to raising rates. U.S. crude oil prices briefly traded above $50 for the first time since July and added to gains late after a closely watched oil forecaster predicted prices would...

  • *Treasury Dept. sells $13 billion in 30- year bonds. "There was a little fear before the minutes, but there were no surprises and the rebound in stocks puts pressure on fixed income," said George Goncalves, head of U.S. rates strategy at Nomura Securities International in New York. "Barring a substantial pickup at the end of the year, the odds are long for rate hike in...

  • Oct 8- U.S. stocks gained ground on Thursday after the Federal Reserve released minutes from its September meeting at which the U.S. central bank decided against raising interest rates for now. "Stocks are reacting positively, and the dollar's reacting negatively to the slightly more dovish comments about near-term prospects for inflation," said Patrick...

  • Oct 8- The S&P 500 and Dow indexes gained slightly and Nasdaq pared losses on Thursday after the Federal Reserve released minutes from its September meeting at which the U.S. central bank decided against raising interest rates for now. "Overall it doesn't sound like there were any bombshells there," said Peter Jankovskis, co-chief investment officer at OakBrook...

  • Concerns over geopolitical tensions in Syria boost crude prices. NEW YORK, Oct 8- Oil prices climbed to their highest in five weeks on Thursday, as buoyant Chinese equity markets encouraged buying, and as Russia's military involvement in Syria brought a geopolitcal risk premium into the market. Brent crude oil futures rose $1.60 to $52.93 a barrel by 1:07 p.m....

  • *Wall Street down slightly ahead of Fed minutes. NEW YORK Oct 8- World stock indexes were little changed Thursday, as weak data from Germany and Japan added to concerns over sluggish global growth, while the dollar dipped ahead of the release of minutes from the most recent Federal Reserve meeting. It will be the Fed minutes later in the day that will give us a sign one...

  • *U.S. to sell $13 billion in 30- year bonds. "People will be looking for any specific words pointing in support of or against the increase to gauge just how close they were to increasing," said Justin Hoogendoorn, fixed income strategist at BMO Capital Markets in Chicago. The chance that the minutes may renew the possibility of a hike by year-end will, according to...

  • *Deutsche Bank shares turn positive after initial losses. LONDON, Oct 8- European shares held steady on Thursday, propped up by a rise in healthcare stocks while Deutsche Bank also recovered from initial losses on expectations it would avoid having to raise new capital. Deutsche Bank shares initially fell around 2 percent after the company said late on...

  • European shares steady, Deutsche Bank underperforms Thursday, 8 Oct 2015 | 3:14 AM ET

    LONDON, Oct 8- European shares were steady on Thursday, although Deutsche Bank fell and underperformed the broader market after it warned of a record pre-tax loss in the third quarter. Deutsche Bank's shares were down by around 2 percent in early session trading, underperforming a flat performance on Germany's benchmark DAX equity index and a 0.2 percent rise...

  • *Bank of Japan holds off on fresh stimulus. The U.S. dollar rose against the euro and the Swiss franc, while the yen gained against the dollar after the Bank of Japan left monetary policy unchanged. Although the Bank of Japan held off on expanding stimulus on Wednesday, expectations are growing of more support rather than less as worries mount over a global economic...

  • *Regeneron, Amgen lead health care sector. Brands hit by China woes. Investors' focus is turning to earnings, and Yum!

  • *U.S. sells $21 billion in 10- year notes to strong demand. NEW YORK, Oct 7- U.S. Potential for more stimulus from the European Central Bank and Bank of Japan along with expectations that a U.S.

  • US STOCKS-Wall St rises as health care rebounds Wednesday, 7 Oct 2015 | 3:37 PM ET

    *Regeneron, Amgen lead health care sector. *Yum Brands hit by China woes, drags McDonald's. slumped 19 percent, while McDonald's, which also has a large exposure to China, fell 0.5 percent to $101.12.

  • *Yum Brands hit by China woes, drags McDonald's. Oct 7- U.S. stocks were marginally higher in volatile trading on Wednesday as investor worries about corporate earnings grew and a rally in crude oil prices ended. "There is no real conviction in either direction in the market," said Joseph Benanti, managing director, sales and trading of Rosenblatt Securities in New...

  • *Wall Street flat to lower in early trading. NEW YORK, Oct 7- Wall Street and other stock indexes gave up earlier gains on Wednesday as concern grew about the outlook for U.S. earnings and oil prices reversed direction after an early surge. Reduced profit forecasts from Adobe, Yum Brands, Rexel and Kloeckner added to gloom about the earnings picture.

  • *U.S. to sell $21 billion in 10- year notes. NEW YORK, Oct 7- U.S. "The failed Bund auction is adding pressure to Treasuries that already look a bit weaker on top of pressure from strengthening equities," said Ellis Phifer, market strategist at Raymond James in Memphis, Tennessee.

  • UPDATE 6-Oil steady as market tightens despite stock draw Wednesday, 7 Oct 2015 | 10:55 AM ET

    Global benchmark Brent crude oil has dropped to around $50 from a high above $115 a barrel in June 2014 and many oil companies are losing money with oil prices so low. Brent rose $1.23 a barrel to a high of $53.15 on Wednesday before falling back to trade around $52.20 by 1445 GMT. It jumped as much as $3 on Tuesday to close above $50 for the first time in a month.

  • *Brent crude set for best 4- day run in a month. *Yum Brands slumps 16 pct on China worries. Oct 7- Wall Street was set to open higher on Wednesday as crude oil prices rose for the fourth day in a row, with Brent crude on track to post its best 4- day run in more than a month.

  • Oct 7- Monsanto Co, one of the world's largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market that it expects to squeeze results well into 2016.. Monsanto, which also reported a much wider quarterly loss, said that along with the layoffs, its global...