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Archive US: Trading

  • Traders work on the floor of the New York Stock Exchange on January 5, 2017.

    Tom Lee, head of research at Fundstrat Global Advisors, discusses his case for buying six "laggard" industries in an interview with Eric Chemi.

  • *Britain's FTSE extends historic winning streak. NEW YORK, Jan 13- European stocks advanced on Friday, while the S&P 500 and Nasdaq rose in line with gains in U.S. Bank of America Merrill Lynch, for instance, reported a 47- percent rise in fourth-quarter profit, while JP Morgan Chase also reported strong earnings, with a 24- percent rise in profit.

  • *BofA, Wells Fargo, JPMorgan post profit above estimates. Jan 13- An increase in Facebook pushed the Nasdaq to a record high on Friday, and the S&P 500 also rose after major U.S. banks kicked off the fourth-quarter earnings season with strong results. Wall Street has surged since President-elect Trump's unexpected election victory on optimism he will cut...

  • *BofA, Wells Fargo, JPMorgan post profit above estimates. Jan 13- The S&P 500 rose on Friday after major U.S. banks kicked off the fourth-quarter earnings season with strong results, helping fuel confidence about a recent market rally. Wall Street has surged since President-elect Trump's unexpected election victory on optimism he will cut corporate taxes, spend...

  • Trading Nation: Best tech bets

    Fast Money traders Guy Adami and Tim Seymour discuss investors' best tech bet now.

  • *Britain's FTSE extends historic winning streak. *Oil falls on China concerns, set for weekly drop on OPEC doubts. NEW YORK, Jan 13- European stocks advanced on Friday, while the S&P 500 and Nasdaq rose in line with gains in U.S.

  • NEW YORK, Jan 13- U.S. Friday's yield increase wiped out much of the week's fall tied to traders scaling back bond bets on potentially higher inflation and federal borrowing under the incoming Trump administration and a Republican-controlled Congress. "There is not a whole lot of conviction in rates until we hear more from Congress about what they are shooting...

  • A United States Customs agent waits for a northbound truck crossing the border to enter the United States from Nogales, Sonora, Mexico.

    Strife is raging between Republicans over the next big piece of legislation: corporate tax reform.

  • CHICAGO, Jan 13- U.S. soybean futures rose on Friday on follow-through buying on the U.S. Agriculture Department's surprise cut to its domestic production estimate and ending stocks on Thursday, traders said. said Jason Britt, president at Central States Commodities. At 11:01 a.m. CST, Chicago Board of Trade soybean futures for March delivery were up 7-3/ 4 cents...

  • NEW YORK, Jan 13- European and U.S. stocks advanced on Friday, on track to close the week on a firmer note, while the dollar recovered as investors were encouraged by upbeat bank earnings and positive U.S. economic data. Bank of America Merrill Lynch kicked off the U.S. bank earning season, reporting a 47 percent rise in fourth-quarter profit thanks to an upswing in...

  • An undercover way to play the financials

    Todd Gordon of TradingAnalysis.com has an undercover way to play the financials.

  • NEW YORK, Jan 13- U.S. Treasury yields jumped Friday on a surge in selling, wiping out much of the week's gains tied to traders scaling back bond bets on potentially higher inflation and federal borrowing under the impending administration of President-elect Donald Trump. "The market is flushing lower because there are a lot of bad longs out there," said Tom di...

  • Bank of America jumped 2.1 percent to $23.41, their highest since the financial crisis. JPMorgan surged 2.2 percent at a record high of $88.17 and Wells Fargo gained 3.1 percent to $56.20. "There is a lot of optimism regarding the financial sector but any kind of cautious statement from them might cause a bit of a pullback," said Scott Brown, chief economist at...

  • Jan 13- U.S. stock index futures gave up some gains on Friday after disappointing quarterly reports from Bank of America and Wells Fargo. Wells Fargo was down 1 percent at $53.95 after it reported a fall in profit and its revenue fell short of market expectations. "There is a lot of optimism regarding the financial sector but any kind of cautious statement from them...

  • *USDA trims estimates for U.S. soybean crop yields, stocks. PARIS/ SINGAPORE, Jan 13- Chicago grain and soybean futures edged lower on Friday as a day-earlier rally sparked by some lower-than-expected U.S. government crop estimates stalled in the face of hefty global supplies. CBOT's soft red winter wheat benchmark was down 0.2 percent at $4.25-1/ 4 a bushel but its...

  • *The USDA trimmed its estimate of the U.S. 2016 soybean yield to 52.1 bushels per acre, still an all-time high, but down from its previous figure of 52.5 and below an average of trade estimates for 52.7. *CBOT wheat found support on Thursday after the USDA pegged U.S. winter wheat plantings for harvest in 2017 at 32.4 million acres, down 10 percent from a year ago and the...

  • *U.S.-listed Fiat shares fall after EPA news. NEW YORK, Jan 12- Wall Street stocks fell and the U.S. dollar dropped to a five-week low on Thursday after President-elect Donald Trump, in his eagerly-awaited news briefing the previous day, failed to provide details on fiscal policies that were expected to bolster the economy. "The positive outlook for the U.S. economy...

  • Wealth management

    Have we reached “peak passive”? Joseph Mezrich of Instinet discusses with Courtney Reagan.

  • Tech Bet (Generic) CLIP 1

    Ari Wald of Oppenheimer and Eddy Elfenbein of the Crossing Wall Street blog discuss tech stocks with Courtney Reagan.

  • NEW YORK, Jan 12- The three major U.S. stock indexes closed lower on Thursday as investors waited for fourth-quarter corporate earnings and details of U.S. President-elect Donald Trump's economic policy eight days ahead of his inauguration. On top of policy uncertainty, the market is missing stock buyback support in the quiet period ahead of earnings and...