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Archive US: Trading

  • *Growth prospects strong enough for rate hike- Stanley Fischer. *Walt Disney rises on upbeat earnings forecast. Nov 11- U.S. stocks were set to open lower on Friday as investors tailored their portfolios to benefit from President-elect Donald Trump's proposed policies.

  • LONDON, Nov 11- Emerging markets were hit for a third day running on Friday, with stocks tumbling and Mexico's peso slumping to a record low as Donald Trump's U.S. election win triggered a sharp jump in global borrowing costs. Mexico's peso, which has become a lightning rod for market anxiety due to fears about a ripping up of trade deals, was on course for its worst...

  • Shares of Nordstrom rose 13 percent in after-hours trading on Thursday after closing the regular session up 7.2 percent at $56.03. Nordstrom raised its fiscal 2016 outlook to $2.85- $2.95 per share from $2.60- $2.75 to incorporate the better-than-expected third-quarter results. Kohl's Chief Executive Kevin Mansell said he was encouraged by a strong...

  • *Tech weakness weighs on Wall Street. NEW YORK, Nov 10- A rally in major world stock markets lost some steam on Thursday despite a continued surge in bank shares, as investors reassessed positions, while U.S. bond yields continued to climb on the likelihood of inflation under President-elect Donald Trump's proposed fiscal policy. Wall Street also retreated from...

  • Time to play for a bond bounce?

    Bond prices have gotten crushed. Is it time to play for a turnaround? Matt Maley of Miller Tabak and Dennis Davitt of Harvest Volatility Management discuss with Brian Sullivan.

  • The Brexit effect, American-style?

    Stock futures tanked on news of Trump’s election, before a big rally got underway. Matt Maley of Miller Tabak and Dennis Davitt of Harvest Volatility Management discuss the moves with Brian Sullivan.

  • *Financial sector on track for biggest two-day gain since 2011. *Tech falls as investors shift to infrastructure. Nov 10- Bank stocks and industrials surged on Thursday while Apple and other technology shares sank as Wall Street rearranged its bets to benefit from Donald Trump's presidency.

  • Trading Nation: Money in the banks

    Matt Maley, Miller Tabak, and Dennis Davitt, Harvest Volatility Management, discuss bank stocks hitting highs not seen since the financial crisis, with Brian Sullivan.

  • Nov 10- ConocoPhillips, the largest U.S. independent oil producer, will sell up to $8 billion in natural gas assets and trim its capital budget by 4 percent next year to provide funds to bolster operations, executives said on Thursday. Shares of the Houston- based company fell about 1 percent to $45.21 in afternoon trading as U.S. oil prices fell about 1 percent.

  • *Tech weakness weighs on Wall Street. NEW YORK, Nov 10- A rally in major world stock markets lost some steam on Thursday as investors reassessed positions after a rally in the prior session, while U.S. bond yields continued to climb on fears of a revival in inflation under President-elect Donald Trump's fiscal policy. "Tech stocks aren't really in the handbook," said...

  • *Tech weakness weighs on Wall Street. Stocks in Europe and the U.S. reversed course and turned negative, with utilities down more than 4 percent in Europe. Wall Street was pulled lower by a drop in the technology sector, which was on track for its biggest decline since June 24.

  • Nov 10- ConocoPhillips, the largest U.S. independent oil producer, will sell up to $8 billion in natural gas assets and trim its capital budget by 4 percent next year to provide funds to bolster operations, executives said on Thursday. Shares of the Houston- based company fell about 2.6 percent to $44.53 in midday trading as U.S. oil prices fell more than 1.3 percent.

  • *Healthcare, financial lead Wall St higher. Nov 10- The Nasdaq lost ground sharply in late morning trade on Thursday, dragged down by market heavyweights Apple and Amazon, as investors poured money into others sectors that may benefit from Donald Trump's victory in the U.S. election. "Tech stocks aren't really in the handbook," said Art Hogan, chief market strategist...

  • *Healthcare, financial lead Wall St higher. Nov 10- The Dow Jones industrial average hit a record intraday high on Thursday as investors bet that President-elect Donald Trump would lead a shift away from austerity policies. "The markets are adjusting to a new reality and are giving Trump the benefit of doubt," said Adam Sarhan, chief executive officer of Sarhan...

  • Nov 10- U.S. stocks were set to open higher on Thursday, with the Dow likely to hit a record intraday high, as investors bet that President-elect Donald Trump would lead a shift away from austerity policies. Investors are seeing Trump's policies such as tax cuts, deregulation of banks and higher defense and infrastructure spending as being more...

  • Nov 10- ConocoPhillips, the largest U.S. independent oil producer, will sell up to $8 billion in natural gas assets and trim its capital budget by 4 percent next year to provide funds to bolster operations, it said on Thursday. Shares of the Houston- based company were up 1 percent at $46.20 in premarket trading. Conoco plans to sell $5 billion to $8 billion in North...

  • TOKYO, Nov 10- Dan Fuss, one of the world's longest-serving fund managers, said on Thursday that he had revised up his forecast of U.S. government bond yields next year after Donald Trump was elected the next president. I was at 2-1/ 4 to 2-1/ 2 before the election, "Fuss, vice chairman of Loomis Sayles, told Reuters. The yield had fallen to its record low of 1.321 percent just...

  • The company's shares were up 7.7 percent at $49.20 in premarket trading on Thursday. "Our back-to-school season was strong," Chief Executive Kevin Mansell said in a statement. The company's net income rose 21.7 percent to $146 million, or 83 cents per share, in the third quarter ended Oct. 29.

  • Nov 10- U.S. stock index futures were higher on Thursday with Dow futures hitting a record high, a day after Republican Donald Trump won the White House race and signaled a shift from austerity policies. * "President Trump's acceptance speech has soothed many nerves and the hope is that we will see a more calm and sensible version of Trump," said Naeem Aslam, chief...

  • *U.S. stocks stage dramatic recovery after overnight plunge. *Investors eye growth from Trump's spending promises. NEW YORK, Nov 9- Wall Street stocks rallied on Wednesday after a dramatic overnight sell-off, while bond yields jumped on inflation expectations and the Mexican peso was battered as investors reacted to Donald Trump's surprise win in the U.S....