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Archive US: Trading

  • *Wall Street mostly gains, but Dow off slightly. NEW YORK, March 8- The dollar gained and stocks on Wall Street mostly rose on Wednesday after U.S. private sector hiring surged in February, underscoring the economy's strength and adding to expectations the Federal Reserve will raise interest rates next week. The report raised expectations of a robust payrolls...

  • *U.S. to sell $20 billion 10- year notes at 1 p.m.. NEW YORK, March 8- U.S. The market wasn't expecting this strong of a number, "said Subadra Rajappa, head of U.S. rates strategy at SG Corporate& Investment Banking in New York.

  • NEW YORK, March 7- U.S. stock prices closed lower on Tuesday as weakness in drug and financial shares sent the S&P 500 and the Dow Jones Industrial Average to their first consecutive sessions of declines in more than a month. The S&P 500 healthcare index fell 0.7 percent while the NYSE Arca pharmaceutical index declined 0.9 percent, its worst performance since Jan....

  • Stocks are doing something they haven’t done since 1994

    The S&P 500’s average intraday range is at its smallest in over 20 years. Erin Gibbs of S&P Global and Craig Johnson of Piper Jaffray discuss the relatively quiet market with Courtney Reagan.

  • NEW YORK, March 7- U.S. The Treasury Department will auction $20 billion in 10- year debt on Wednesday and $12 billion in 30- year bonds on Thursday. "It's hard to take this much duration risk before the Fed," said Aaron Kohli, interest rates strategist at BMO Capital Markets in New York.

  • The chart that could be flashing a ‘sell’ signal for stocks

    The S&P 500 and the high-yield corporate bond ETF (HYG) are moving inversely. Erin Gibbs of S&P Global and Craig Johnson of Piper Jaffray discuss the divergence with Courtney Reagan.

  • Trader bets against this big retailer

    Andrew Keene of AlphaShark sees Walmart headed for a fall.

  • NEW YORK, March 7- A measure of major stock markets around the globe slipped on Tuesday, with the Dow and S&P 500 on pace for their first back-to-back losses in more than a month, while expectations the Federal Reserve will raise interest rates supported the U.S. dollar. The U.S. dollar edged up 0.15 percent against a basket of six major trading currencies, rising 0.35...

  • March 7- Shares of U.S. pharmaceutical and biotechnology companies fell on Tuesday after President Donald Trump said he was working on a "new system" to reduce prices in the industry, without providing details of his plan. "Im skeptical about what it is that he might do that would actually have a material impact on drug prices," said Paul Heldman, managing partner at...

  • NEW YORK, March 7- U.S. DRUG COMPANIES Pfizer Inc, Merck& Co Inc, Amgen Inc and Gilead Sciences Inc: Trump sent a tweet on Tuesday before the market opened that he was "working on a new system where there will be competition in the Drug Industry. Pfizer was down 1 percent at $34.02, and Merck fell 0.6 percent at $66.05.

  • *Saudi cut production by more than required in OPEC agreement. NEW YORK, March 7- Oil prices were little changed on Tuesday, giving up gains after Saudi Arabia's oil minister gave mixed messages on future OPEC production cuts, while the market also braced for data that was expected to show a ninth straight weekly increase in U.S. crude inventories.

  • *Pharma stocks fall after Trump says he will cut drug prices. NEW YORK, March 7- Wall Street stocks slipped on Tuesday, led by a decline in healthcare stocks after a tweet from U.S. Shares of large U.S. pharmaceutical and biotechnology companies sold off after President Donald Trump said he was working on a "new system" to reduce prices in the industry.

  • *U.S. to sell $24 billion in three-year debt at 1 p.m.. Following the three-year note sale, the Treasury Department will auction $20 billion in 10- year debt on Wednesday and $12 billion in 30- year bonds on Thursday. "It's hard to take this much duration risk before the Fed," said Aaron Kohli, interest rates strategist at BMO Capital Markets in New York.

  • March 7- Shares of large U.S. pharmaceutical and biotechnology companies sold off on Tuesday after President Donald Trump said he was working on a "new system" to reduce prices in the industry. "I am working on a new system where there will be competition in the Drug Industry," Trump tweeted. "Pricing for the American people will come way down!"

  • *Asia ex- Japan up 0.6 pct; Nikkei closes down 0.2 pct. SINGAPORE, March 7- Asian shares rose on Tuesday, diverging from New York markets that slipped on concern about President Donald Trump's ability to focus on economic policies. Futures are pointing to a positive open for Britain's FTSE 100 and France's CAC 40..

  • *Asia ex- Japan up 0.5 pct; Nikkei drops 0.2 pct. SINGAPORE, March 7- Asian shares rose on Tuesday, diverging from New York markets that slipped on concern about President Donald Trump's ability to focus on economic policies. MSCI's broadest index of Asia-Pacific shares outside Japan rose almost 0.5 percent, after pulling back slightly in early trade.

  • Here’s what’s behind the cocoa plunge

    Cocoa futures have tanked recently. Brian Wagner, hedge specialist at First Capitol Ag, discusses with Eric Chemi.

  • Snap cofounders Evan Spiegel (C) and Bobby Murphy ring the opening bell of the New York Stock Exchange (NYSE) with NYSE Group President Thomas Farley shortly before the company's IPO in New York, U.S., March 2, 2017.

    By one measure, analysts are more bearish on the Snapchat parent than on any other stock out there. Rich Ross of Evercore ISI and Eddy Elfenbein of the Crossing Wall Street blog discuss with Eric Chemi.

  • NEW YORK, March 6- U.S. Now everyone is hunkering down before the jobs report, "said Ellis Phifer, senior market strategist at Raymond James in Memphis, Tennessee, referring to the U.S. government's payrolls report due on Friday. Interest rates futures implied traders priced in an 86 percent chance the Fed will raise interest rates at its upcoming meeting, up from 80...

  • *North Korea fires four ballistic missiles. NEW YORK, March 6- U.S. stocks retreated on Monday in a broad decline as investors took a dim view of the latest turbulence surrounding the Trump administration along with geopolitical tensions emanating from Asia. "The bottom line is, investors have predicated this rally on this new administration getting things done,"...