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Archive US: Trading

  • *Global stocks tread water ahead of Italy referendum. NEW YORK, Dec 2- Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a...

  • Dec 2- The S&P and the Nasdaq rose for the first time in three days, helped by gains in healthcare and consumer staples stocks, but the Dow was weighed down by Goldman Sachs. Major Wall Street indexes have hit a series of record highs after Donald Trump won the U.S. presidential election as investors bet that his policies would be market friendly.

  • *Ulta Salon top pct gainer on S&P. Dec 2- The S&P 500 and the Nasdaq rose in morning trade on Friday, lifted by gains in consumer staples and utility stocks, while the Dow was weighed down by declines in bank shares. Industrial and banks stocks have been the biggest gainers of a post-election rally as investors expect these sectors to benefit the most from...

  • Dec 2- U.S. stock index futures fell on Friday on expectations of a strong jobs report, which would confirm an interest rate hike in the coming weeks. *A report from the U.S. Labor Department is expected to show that 175,000 jobs were added in the public and private sectors in November, compared with 161,000 added the previous month. *President-elect Donald Trump's...

  • week- Lipper@ NEW YORK, Dec 1- Investors pulled $4.1 billion from U.S.-based taxable-bond mutual funds, the most since June, as a bond selloff forced interest rates higher and rattled investors, Lipper data for the latest week showed on Thursday. Investment-grade corporate bonds posted $1.3 billion in outflows during the seven days through Nov. 30.

  • Dec 1- Starbucks Corp co-founder Howard Schultz will step down as chief executive to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Kevin Johnson, a long-time technology executive. "Having him step down as CEO raised the anxiety level," said Stephens analyst Will Slabaugh, who said that Schultz is the heart and soul of the brand,...

  • Dec 1- Starbucks Corp on Thursday said Howard Schultz will step down as chief executive to focus on its high-end coffee shops as Chief Operating Officer Kevin Johnson takes over as CEO. Starbucks shares were down 3.9 percent at $56.25 in after-market trading on Thursday. Schultz has been the shareholders' darling at the Seattle- based company.

  • NEW YORK, Dec 1- Brent crude futures rose to a 16- month high on Thursday on the heels of OPEC's agreement a day earlier to cut oil output, while Treasury yields continued to climb following the weakest monthly performance for global bonds in almost 13 years. Treasury yield jumped to its highest since July 2015 to start the month, after Bank of America Merrill...

  • 10-year Treasury yield hits 2016 high

    How much higher can bond yields rise? Matt Maley of Miller Tabak and Boris Schlossberg of BK Asset Management discuss with Brian Sullivan.

  • Is the energy rally over?

    Energy stocks are following crude higher, but have they gotten too hot? Matt Maley of Miller Tabak and Boris Schlossberg of BK Asset Management discuss with Brian Sullivan.

  • Car stocks rev up

    Ford and GM jumped on Thursday after impressive sales numbers. Matt Maley of Miller Tabak and Boris Schlossberg of BK Asset Management discuss with Brian Sullivan.

  • NEW YORK, Dec 1- A sharp decline in technology stocks weighed on both the Nasdaq and the S&P 500 indexes on Thursday, while the Dow managed to stay afloat thanks to advances in bank and energy shares. While Wall Street has rallied since the November election on hopes that President-elect Donald Trump's policies will trigger inflation and hasten a rise in interest...

  • NEW YORK, Dec 1- Brent crude futures rose to a 16- month high on Thursday on the heels of OPEC's agreement a day earlier to cut output, while Treasury yields continued to climb following the weakest monthly performance for global bonds in almost 13 years. Treasury yield jumped to its highest since July 2015 to start the month, after Bank of America Merrill Lynch's...

  • WASHINGTON, Dec 1- Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges for polluting the seas and deliberate acts to cover it up, and pay a record $40 million criminal penalty, the U.S. Justice Department said on Thursday. Shares of Carnival, the world's largest cruise operator, were down more than 2 percent at $50.29 in midday trading on...

  • Trader bets on a Home Depot rally

    Andrew Keene of AlphaShark sets up a bullish trade in Home Depot.

  • *Oil prices jump, extend OPEC cut-related advance. NEW YORK, Dec 1- Brent crude futures surged to a 16- month high on Thursday on the heels of OPEC's agreement a day earlier to cut output, while Treasury yields continued to climb following the weakest monthly performance for global bonds in almost 13 years. "You're seeing the market pricing in higher inflation in the...

  • Cincinnati, Ohio- based Kroger said it now expects this fiscal year's adjusted per share profit to be $2.10 to $2.15, down from its prior forecast of $2.10 to $2.20. Shares in the company, whose supermarket brands also include Ralphs and Fred Meyer, were up 0.9 percent to $32.58 in midday trading after that revised forecast essentially matched analysts' estimate...

  • WASHINGTON, Dec 1- Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges of polluting the seas and trying to cover it up, and pay a record $40 million criminal penalty, the U.S. Justice Department said on Thursday. Shares of Carnival, the world's largest cruise operator, were down 1.8 percent at $50.50 in late-morning trading on the New...

  • Dec 1- Discount retailer Dollar General Corp reported a surprise drop in quarterly comparable sales and tempered its full-year profit forecast, hit by lower grocery prices and reduced food stamp coverage in several U.S. states. The company's shares were down 7.3 percent at $71.67 in morning trading on Thursday. "It became apparent that our incremental actions...

  • *OPEC agreement also lifts bond yields. Energy shares jumped with oil prices after OPEC agreed to cut production. Bank shares also rose after comments by Steven Mnuchin, President-elect Donald Trump's pick for U.S.