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Archive US: Trading

  • *U.S. crude dips below $50 a barrel for first time since April 4. NEW YORK, April 21- Oil prices fell on Friday as oversupply concerns resurfaced, while the euro and stocks dipped ahead of the first round in a too-close-to-call French presidential election. "Although Macron has been labeled as favorite to become the next French president, an unexpected Le Pen victory...

  • The maker of jet engines, power plants and other industrial equipment also reported a negative $1.6 billion in cash flow from industrial operating activities compared with a negative $600 million it expected for the quarter due to a $1.3 billion increase in working capital and the timing of bills to customers. The stock has outperformed the sector in recent...

  • April 21- Wall Street slipped in late morning trading on Friday as investors held off from making risky bets ahead of the first round of the closely contested French presidential election. Centrist Emmanuel Macron is leading most opinion polls for Sunday's election and is expected to contest a second-round run-off with Marine Le Pen, head of the anti- European...

  • April 21- Hong Kong stocks edged lower in thin trading on Friday, as investors took to the sidelines ahead of the first round of a tight French presidential election on Sunday. "U.S. accounts for a small proportion in China's steel exports," said Yang Kunhe, steel analyst at Northeast Securities. Sector performance was mixed in Hong Kong, with property developers...

  • SHANGHAI, April 21- Shanghai stocks post their worst week in 2017 as tighter regulatory scrutiny and concerns over the broader economic outlook dampened investors' risk appetite. The blue-chip CSI300 index rose 0.2 percent to 3,466.79, while the Shanghai Composite Index was flat at 3,173.15 points. Anxiety over tighter liquidity has deepened as Beijing...

  • Citing concerns about national security, Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs. In Japan, shares in Nippon Steel rose 1.3 percent, after five weeks of steady losses, partly on speculation that any action by the U.S. would mostly target China which is...

  • Citing concerns about national security, Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs. In Japan, shares in Nippon Steel rose 1.5 percent, after five weeks of steady losses, partly on speculation any action by the U.S. would mostly target China which is easily...

  • *Wall Street boosted by earnings. NEW YORK, April 20- Stocks on major markets rose along with the euro on Thursday as a market-friendly presidential candidate led in opinion polls ahead of elections in France on Sunday. On Wall Street, stocks rose as traders continued to bet on a strong earnings reporting season.

  • Visa's shares were up 2.8 percent at $93.70 in trading after the bell on Thursday, after the company also announced a $5 billion share buyback program. Payment volumes in the United States, Visa's largest market, increased 11.7 percent to $775 billion on a constant dollar basis. Net income fell to $430 million or 18 cents per Class A share in the second quarter, from...

  • NEW YORK, April 20- U.S. stocks rallied on Thursday, with the Nasdaq closing at a record, as a round of solid earnings led by American Express pushed equities higher. "You need a catalyst to go higher and the only one that is out there to me that is logical and would drive the market higher is earnings, and so far it is OK," said Phil Blancato, CEO of Ladenberg Thalmann Asset...

  • This Dow stock just made an all-time high

    Can the fast food giant keep investors happy? Erin Gibbs of S&P Global and Rich Ross of Evercore ISI discuss with Brian Sullivan.

  • A correction is coming—here's how bad it will be: Wells Fargo

    A market drop is ahead, Wells Fargo Investment Institute head global market strategist Paul Christopher warns in this interview with Brian Sullivan.

  • These are the most hated stocks on Wall Street

    Out of the stocks with the highest short interest, which could present an opportunity? Erin Gibbs of S&P Global and Rich Ross of Evercore ISI discuss with Brian Sullivan.

  • NEW YORK/ MONTREAL April 20- Shares of railroad operator CSX Corp soared more than 7 percent on Thursday to a record high, after the company reported better-than-expected quarterly earnings and its new chief executive officer outlined plans to improve margins and cut costs, including job reductions. Jacksonville- headquartered CSX forecast a 25 percent rise...

  • *French election, North Korea tensions in focus. With no major economic data releases this week investors were focused on the first round of the French election, to be held on Sunday, U.S. tensions with North Korea and any new indications on when the Trump administration is likely to undertake tax and fiscal reforms. The 2.19 percent level represents about 50...

  • Here's why the market rally is about to stall: Trader

    Todd Gordon of TradingAnalysis.com sees a short-term pause in the market rally.

  • NEW YORK, April 20- U.S. stocks were higher in on Thursday, with the S&P 500 index on track for its best day in about seven weeks, as American Express set the tone for the latest batch of earnings. "They really are just focusing now on the micro, which they should be, on the earnings and what the earnings are saying," said Ken Polcari, Director of the NYSE floor division at ONeil...

  • *Wall Street boosted by earnings. NEW YORK, April 20- The euro and stocks on major markets recovered on Thursday as a market-friendly presidential candidate held the lead ahead of Sunday's first-round election in France, while the yen and U.S. "They really are just focusing now on the micro, which they should be, on the earnings and what the earnings are saying," said...

  • "As we see a steady stream of earnings, on balance the season has been better and that's helping the market today," said Art Hogan, chief market strategist at Wunderlich Securities in New York. With Wall Street near record levels and worries over President Donald Trump's ability to deliver on his pro-growth promises, investors are hoping first-quarter earnings...

  • NEW YORK, April 20- Shares of railroad operator CSX Corp jumped more than 6 percent on Thursday after the company reported better-than-expected quarterly earnings and its CEO said it aims at lower costs, including job reductions, and improved margins. Chief Executive Hunter Harrison said in a call with analysts that the No. 3 U.S. railroad also plans to bring...