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Archive US: Trading

  • *Cempra tumbles after FDA rejects antibiotic. Dec 29- Wall Street ended slightly lower on Thursday, held down by bank shares in quiet holiday trading as traders looked to position for the new year. U.S. equities have stalled in recent days after rallying in the wake of Donald Trump's Nov. 8 election as U.S. president.

  • This January surprise could be ahead

    Will stocks start off the year with a bitter January surprise? Gina Sanchez of Chantico Global and Boris Schlossberg of BK Asset Management discuss with Brian Sullivan.

  • Are stocks now massively overvalued?

    Equity prices have surged following Donald Trump’s win. Is a rude awakening ahead? Gina Sanchez of Chantico Global and Boris Schlossberg of BK Asset Management discuss with Brian Sullivan.

  • Dec 29- Wall Street was little changed on Thursday as bank share declines were countered by gains in utilities and other defensive groups in quiet holiday trading as traders looked to position for the new year. U.S. equities have paused in recent days, after rallying in the wake of Donald Trump's Nov 8 election as U.S. president as investors bet on benefits from his...

  • NEW YORK/ LONDON, Dec 29- Gold prices rose 1 percent to their highest in more than two weeks on Thursday as U.S. bond yields declined on waning risk appetite, reducing the U.S. dollar's appeal against safe-haven currencies such as the Japanese yen. "Gold is not out of the woods yet but yields are a bit lower and the dollar is weaker, especially against the yen and yen-gold...

  • Dec 29- U.S. crude oil stocks unexpectedly rose last week, while gasoline and distillate product inventories dropped, the U.S. Energy Information Administration said on Thursday. U.S. crude oil futures were up 1 cent to $54.08 a barrel at 11:38 a.m. EST, leaving the benchmark just shy of the year high of $54.51 reached on Dec. 12. "What seems to be giving this report...

  • NEW YORK, Dec 29- U.S. and European shares, the dollar and bond yields all headed lower on Thursday, with traders using the quiet holiday period to book some profits on the heady gains stocks have seen in the final quarter of 2016 and reposition for the year ahead. As in Europe, financial stocks, which have seen a tremendous run since the U.S. presidential election on the...

  • *30- year yield falls to 3- week low. "With stocks a little softer than people anticipated after the move yesterday, that opened the door for people to add just a few more Treasuries," said Jim Vogel, interest rate strategist at FTN Financial in Memphis. Benchmark 10- year Treasury yields fell to 2.466 percent, their lowest since Dec. 14.

  • Emerging market majorly underperform

    The (EEM) has lagged the S&P 500 by about 12 percent in the fourth quarter. Erin Gibbs of S&P Global and Max Wolff of 55 Capital discuss with Brian Sullivan.

  • Will energy keep surging in 2017?

    A closer look at 2016’s best-performing S&P 500 sector. Erin Gibbs of S&P Global and Max Wolff of 55 Capital talk energy with Brian Sullivan.

  • NEW YORK, Dec 28- The U.S. dollar rose on Wednesday on expectations for stronger U.S. economic growth, while stocks fell broadly as home resales dropped sharply. "There was enough bad news during the day" to pull the market lower, said Keith Bliss, senior vice-president at Cuttone& Co in New York referring to the housing data. Secretary of State John Kerry's comments...

  • *Nvidia slides after Citron Research comment. NEW YORK, Dec 28- U.S. stocks fell in low volume on Wednesday in a broad decline triggered in part by a sharp drop in home resales. Technology was the largest weight on major indexes, however, with Nvidia down 6.9 percent to $109.25 after short seller Citron Research said the market was overlooking the headwinds for the...

  • The Treasury Department auctioned $34 billion of 5- year notes, which fetched a high yield of 2.057 percent, the highest since April 2011. Treasury yields fell precipitously after the auction, with benchmark 10- year Treasury note yields hitting their lowest since Dec. 14 and 30- year bond yields touching their lowest since Dec. 8. "We started off with pending home...

  • NEW YORK/ LONDON, Dec 28- Gold prices edged higher on Wednesday as subdued cash demand and investor short-covering helped offset a stronger U.S. dollar. The most active U.S. gold futures for February delivery settled up $2.1, or 0.18 percent, at $1,140.90 per ounce. Traders were covering short positions in options-related dealings and year-end demand from China...

  • Trader bets on a breakout for Home Depot

    Todd Gordon of TradingAnalysis.com sees a breakout in store for Home Depot.

  • Dec 28- Wall Street slipped for the first time in three days on Wednesday due to losses across sectors, hindering the Dow's march towards 20,000, a level it has never breached. Boeing fell 0.8 percent to $156.26 after Delta Air Lines said on Tuesday that it had reached an agreement with the planemaker to cancel a $4 billion order for 18 Dreamliner aircrafts.

  • *Dollar firms, euro near 14- year low. NEW YORK, Dec 28- The U.S. dollar and crude oil rose on Wednesday, adding to recent trends, while stocks fell in a broad but shallow decline on Wall Street as home resales dropped sharply. On Wall Street, shares fell broadly with real estate posting the largest drop among S&P 500 sectors.

  • Treasury debt yields were little changed on Wednesday in light year-end trading, but worries in Europe about rescue plans for shaky Italian banks drove the gap between benchmark U.S. 10- year notes and their German counterparts to the widest ever. Elsewhere across the yield curve, U.S. debt prices were unchanged to slightly firmer ahead of a $34 billion sale of...

  • Dec 28- Wall Street lost ground for the first time in three days on Wednesday due to declines across sectors, slowing the Dow's race to 20,000.. Boeing fell 0.8 percent to $156.26 after Delta Air Lines said on Tuesday that it had reached an agreement with the planemaker to cancel a $4 billion order for 18 Dreamliner aircrafts. The Dow, which has benefited the most...

  • *Qualcomm dips on $854 mln fine from South Korea. Dec 28- Wall Street looked set to open higher on Wednesday, with investors looking for catalysts that would nudge the Dow Jones Industrial Average beyond 20,000, a level it has never breached. "Even in quiet times, crowd behavior often rules and many investors are looking forward to the new year," said Andre Bakhos,...