CNBC Franchise Archive US: Trading

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  • *Shanghai stocks fall almost 9 pct, hurt by lack of Beijing move. *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- World stock markets plunged on Monday after a near-9 percent dive in China shares and a tumble in oil prices, while U.S. stocks were on track to end the day with steep...

  • 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. Among home builders, PulteGroup sank 5.7 percent to $19.74 and KB Home tumbled 5.6 percent to $14.19, suffering the biggest losses. "When you get this sharp of a decline, people start to worry about downpayments and a reassessments of...

  • Aug 24- U.S. stock indices were more than 2- percent lower in afternoon trade on Monday but were off the day's worst levels after a dramatic turnaround in shares of Apple helped boost sentiment. But by 2:20 pm, the Dow had recovered somewhat to trade down 362.12 points, or 2.2 percent at 16,097.63 as bargain hunters stepped in. But we are proceeding cautiously, "said...

  • In a matter of five sessions, sentiment shifted dramatically on Wall Street and seemed to climax early on a volatile Monday, when the S&P fell as much as 12.5 percent from its record intraday high set last May, and the Dow Jones industrial average, fell 1,089 points shortly after the opening bell. In mid-afternoon trading, major Wall Street indexes were still down...

  • Aug 24- U.S. stocks staged a stunning recovery off their lows on Monday, helped by a sharp turnaround in Apple's shares, but were still down about 2 percent in afternoon trading. But by 13:05 ET, the Dow was down just 143 points, or 0.87 percent as bargain hunters stepped in. Chinese stocks fell 11 percent last week raising hopes that Beijing would move again to support...

  • US STOCKS-Wall St pares losses as Apple rebounds Monday, 24 Aug 2015 | 12:24 PM ET

    *Chinese market falls 8 percent. Aug 24- U.S. stocks staged a dramatic recovery off their lows on Monday, helped by a turnaround in Apple's shares, but the three main indexes remained in or within spitting distance of correction territory amid fears China's growth is slowing. "The U.S. fundamentals are strong and just as confidence can go away, it can come back pretty...

  • *Shanghai stocks lose almost 9 pct, lack of steps from Beijing disappoints. NEW YORK, Aug 24- World stock markets plunged on Monday, after a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities sent investors rushing for the exits. Concerns about a China- led global economic slowdown and tumbling commodities prices had U.S. traders...

  • *China equities collapse sparks global markets sell-off. A near 9- percent tumble in China shares roiled global markets and sent the Dow Jones Industrial Average down more than 1,000 points in early trading, before Wall Street pared losses. "China's drop pushed everything lower and now we'll see if the bounce by U.S. stocks after the early pull back can stop the...

  • NEW YORK, Aug 24- U.S. The global stock market rout began after Beijing surprised investors on Aug. 11 when it devalued the yuan, a move that sparked fears about a "currency war" in which nations seek to make their exports cheaper against their trading partners. "The China devaluation opened up Pandora's Box.

  • *Chinese market falls 8 percent. Aug 24- Wall Street opened sharply lower on Monday with the Dow Jones industrial average losing more than a 1,000 points following a more-than 8 percent drop in Chinese shares and a selloff in oil and other commodities. The New York Stock Exchange invoked a rule saying market makers don't have to disseminate price indications...

  • *Chinese market falls 8 percent. Aug 24- Wall Street looked set for another rout on Monday following a more-than 8 percent drop in Chinese shares and a selloff in oil and other commodities, with the Dow set to open below 16,000 for the first time since February 2014. S&P 500 e-minis were down 64.5 points, or 3.27 percent, with 1,107,188 contracts traded at 8:43 a.m. ET.

  • Aug 24- Wall Street looked set for another rout on Monday as alarm bells rang across world markets following a more-than 8 percent drop in Chinese shares and a steep fall in prices of oil and other commodities. The lack of new measures from Beijing to support Chinese stocks following an 11 percent drop last week sparked a free-fall in global equities and a selloff...

  • NEW YORK, Aug 21- Colombia slashed its gold holdings by two-thirds last month, adjusting its reserves for the first time in years, as spot prices sank in a bullion rout, International Monetary Fund data showed on Friday. The reason for and timing of the move are not known, but it came as institutional and speculative investors pulled more cash en masse from...

  • *China factory activity at almost 6-1/ 2- year low. NEW YORK, Aug 21- World stock markets tumbled on Friday and U.S. oil prices dove briefly below $40 a barrel sparked by fresh evidence of slowing growth in China, sending investors scurrying to the safety of bonds and gold. Thomas Lee, managing partner at Fundstrat Global Advisors in New York, said it was hard to say what...

  • China's economic slowdown, recessions in Latin American countries such as Brazil and Chile, and a breakdown in commodity prices- combined with a thinly-traded market as many investors become more focused on tide charts than trading terminals- are prompting traders to overlook improving U.S. economic data, said Alan Gayle, portfolio manager at RidgeWorth...

  • NEW YORK, Aug 21- U.S. U.S. stocks slumped more than 2 percent on fears of a China- led global slowdown after grim data overnight. What people are trying to figure out is whether this volatility will actually stay the Fed's hand, "said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.

  • *Energy stock hit as U.S. crude falls below $40/ barrel. Aug 21- U.S. stocks slumped late in the trading session on Friday as the S&P broke below the 2,000 level and the Dow slipped closer towards correction territory as fears of a China- led global slowdown continued to rattle investors. The sell-off was broad based, with all 10 major S&P sectors in the red, with the...

  • *China factory activity at almost 6-1/ 2- year low. NEW YORK, Aug 21- World stock markets fell sharply on Friday, heading for their worst week of the year, and commodities swung lower as more data pointed to slower growth in China and sent investors scurrying to the safety of bonds and gold. "The Fed is in an extremely awk6ward situation right now," Robbert van Batenburg,...

  • US STOCKS-Wall Street slumps more than 2 percent Friday, 21 Aug 2015 | 1:31 PM ET

    *Energy stock hit as U.S. crude falls below $40/ barrel. Aug 21- U.S. stocks slumped more than 2 percent in early afternoon trading on Friday, with the S&P trading below 2000 and the Dow about 150 points shy of moving into correction territory, as fears of a China- led global slowdown were heightened after grim data overnight. The selloff was broad based, with all 10 major...

  • *73 pct Dow, 67 pct S&P stocks in correction territory. *All 10 S&P sectors down; 8 in the red for the year. Aug 21- U.S. stocks slumped more than 1.5 percent on Friday, with the S&P briefly falling below 2000 and the Dow about 200 points shy of moving into correction territory, as fears of a China- led global slowdown were heightened after grim data overnight.