CNBC Franchise Archive US: Trading

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  • *European, U.S. stocks rally after China cuts rates. NEW YORK/ LONDON, Aug 25- Gold fell more than 1 percent on Tuesday after an interest rate cut from China helped global markets rebound from the previous day's rout, with stocks rallying and the dollar also gaining, while palladium sank more than 7 percent to a five-year low. Palladium saw the steepest losses by far in...

  • US STOCKS-Wall Street's sharp rally loses its edge Tuesday, 25 Aug 2015 | 3:12 PM ET

    *China cuts interest rate for second time in two months. *Apple up 5.1 pct, Best Buy jumps 15.48 pct. Investors drove prices sharply higher from the opening bell but caution set in by the afternoon due to lingering concerns that a slowdown in China could hobble global growth, even after the country's central bank cut interest rates on Tuesday for the second time in...

  • *Market rebounds on cut in China rates, reserve requirements. NEW YORK, Aug 25- Markets rebounded on Tuesday with world stocks, oil prices and bond yields all rising after China cut interest rates and banks' reserve requirements in a bid to kick-start its wavering economic growth. The dollar turned around Tuesday to rise 1.2 percent against a basket of major...

  • *China cuts interest rate for second time in two months. Investors snapped up beaten-down stocks from the opening bell but caution set in by early afternoon amid lingering concerns that a slowdown in China could hobble global growth. "They are trying to figure out what the slowdown in China means to the global economy," he said.

  • BOSTON/ NEW YORK, Aug 25- Just after the Dow Jones Industrial Average plunged over 1,000 points on Monday morning, New York- based hedge fund manager Sahm Adrangi sent around his weekly note showing his fund lost 2 percent so far in August. Adrangi, whose $350 million Kerrisdale Capital is still up 10 percent so far this year, stands with several other well-known...

  • US STOCKS-Wall St posts biggest rally of the year Tuesday, 25 Aug 2015 | 11:14 AM ET

    *China cuts interest rate for second time in two months. Aug 25- U.S. stocks posted their sharpest rally of the year on Monday, as investors sought out bargains a day after Wall Street's worst performance in four years on fears China's economy was slowing. Markets also got a shot of good news with China's second interest rate cut in two months.

  • *Beijing acted after Chinese shares plunged again overnight. NEW YORK, Aug 25- Stocks, oil prices and safe-haven bond yields rose on Tuesday as a tentative market rebound picked up pace after China cut interest rates and banks' reserve requirements to kick-start its wavering economy. The dollar motored ahead against most major currencies, rising 1 percent...

  • *Best Buy to sell Apple Watch in 900 stores starting Sept. 4. Aug 25- Best Buy Co Inc, the biggest U.S. electronics chain, reported an unexpected increase in quarterly sales and said it expected consumer spending to remain strong this quarter, sending its shares up nearly 15 percent. Chief Financial Officer Sharon McCollam said the financial markets' recent...

  • *China cuts interest rate for second time in two months. Aug 25- U.S. stocks rebounded sharply on Tuesday as investors sought out bargains a day after Wall Street turned in its worst performance in four years. "What we need to see to calm investors is positive economic data points out of China and only when we see that will the rallies be sustainable," said Xavier Smith,...

  • *China cuts interest rate for second time in two months. Aug 25- U.S. stocks looked set to rebound sharply on Tuesday as investors seek out bargains a day after Wall Street turned in its worst performance in four years. "What we need to see to calm investors is positive economic data points out of China and only when we see that will the rallies be sustainable," said...

  • BOSTON/ NEW YORK, Aug 25- Just after the Dow Jones Industrial Average plunged over 1,000 points on Monday morning, New York- based hedge fund manager Sahm Adrangi sent around his weekly note showing his fund lost 2 percent so far in August. Adrangi, whose $350 million Kerrisdale Capital is still up 10 percent so far this year, stands with several other well-known...

  • TOKYO, Aug 25- Japan's Nikkei share average changed course in extremely volatile trading and rose on Tuesday morning after solid U.S. stock futures eased concerns a global stock rout rooted in China worries would continue. At the outset, after shares plunged in New York, the Nikkei touched a fresh six-month low. The selloff in risk assets gathered pace, with U.S....

  • NEW YORK, Aug 24- Wall Street's selloff on Monday, sparked by a near-9 percent dive in Chinese shares, was a long-overdue correction that analysts said is unlikely to undermine support for U.S. stocks going forward. "We are unlikely to be going into a bear market," said Jason Ware, chief investment officer at Albion Financial Group, which manages about $1 billion for...

  • NEW YORK, Aug 24- U.S. housing stocks, which have been a bright spot in this year's market, were among the hardest hit in Monday's selloff. KB Home sank 6.8 percent to $14.01, while Lennar fell 6.3 percent to $50.08 and PulteGroup dropped 6.3 percent to $19.62, leading losses among home builders. "When you get this sharp of a decline, people start to worry about...

  • *China stocks fall almost 9 pct, hurt by Beijing's inaction. *More than 1 trillion euros wiped off European stocks in August Dollar slides vs euro, yen; Treasury yields hit 4- month low. NEW YORK, Aug 24- A near-9 percent dive in China shares sent world stocks and commodity prices tumbling on Monday, and U.S. stocks ended a volatile day with the S&P 500 and Nasdaq composite...

  • Aug 24- Investors rattled about China sent U.S. stock indices almost 4- percent lower on Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Apple. Wall Street had stayed in s narrow range for much of 2015, but volatility jumped this month as investors became increasingly concerned...

  • NEW YORK, Aug 24- Confidence among affluent investors was already slipping before the stock market rout in China sent U.S. markets plunging last week and on Monday, according to a monthly index calculated by Spectrem Group, a Chicago- based research company. Based on past trends, even if markets come roaring back, investor confidence is likely to lag for months, said...

  • WASHINGTON, Aug 24- Jostling for position in the U.S. presidential race, candidates on Monday blamed Wall Street elites, the Federal Reserve, exposure to China, and President Barack Obama's spending policies for the market contagion from China's stock-market plunge. Because China's going bad it's going to bring us down, too, because we're so heavily coupled with...

  • *Platinum down 4.5 pct, palladium at 3- year low. NEW YORK/ LONDON, Aug 24- Gold turned lower on Monday, as the dollar pared losses, and U.S. shares and other commodity markets staged a comeback while the white precious metals fell on concerns about the Chinese economy. Platinum dropped as much as 4.5 percent, palladium hit a three-year low at $563.72 an ounce and silver...

  • *Chinese market falls 8 percent. Aug 24- U.S. stock indices were close to 4 percent lower in afternoon trade on Monday but held above the day's worst levels after a dramatic turnaround in shares of Apple Inc.. By 2:57 pm, the Dow Jones industrial average was down 654.14 points, or 3.97 percent, at 15,805.61.