Archive US: Trading

  • *Prices up earlier on Nigeria attacks, China. NEW YORK, June 8- Crude futures rose on Wednesday, hitting 2016 highs above $50 a barrel and settling up for a third straight day on worries about sabotage of oil facilities in Nigeria, although a build in U.S. gasoline stocks amid peak summer demand could pressure prices. This indicates a sentiment that gasoline demand...

  • *Oil prices hit 2016 highs but energy shares down. June 8- U.S. stocks rose for a third straight session on Wednesday as declines in the dollar lifted some commodity-related shares and boosted the outlook for multinationals. "The weaker dollar and strength in commodity names is certainly helping to fuel the market's strength," said Michael James, managing...

  • Why a Brexit is good for the markets: Faber

    Marc Faber, editor of "The Gloom, Boom & Doom Report" discusses why a Brexit would be good for the markets with Brian Sullivan.

  • The rise in these commodities surprises me: Faber

    Marc Faber, editor of "The Gloom, Boom & Doom Report" discusses commodities with Brian Sullivan.

  • *Prices up earlier on Nigeria attacks, China. NEW YORK, June 8- Crude futures rose on Wednesday, hitting 2016 highs above $50 a barrel and settling up for a third straight day on worries about sabotage of oil facilities in Nigeria, although a build in U.S. gasoline stocks amid peak summer demand could pressure prices. This indicates a sentiment that gasoline demand...

  • Will gold break back above $1,300?

    Gold surges back up to 3-week highs, Boris Schlossberg of BK Asset Management and Eddy Elfenbein of "Crossing Wall Street" blog predict how high gold can go with Brian Sullivan.

  • NEW YORK, June 8- The U.S. dollar fell on Wednesday on waning expectations of a near-term interest rate hike and an index of world equity markets advanced to a six-week high. The dollar fell to a five-week low against a basket of currencies as traders reduced bets of an imminent U.S. interest rate increase following a poor jobs report and perceived dovish comments...

  • *Prices up earlier on Nigeria attacks, China. NEW YORK, June 8- Crude futures rose for a third consecutive day on Wednesday, hitting 2016 highs above $50 a barrel on supply outages led by the sabotage of oil facilities in Nigeria, before paring gains as glut concerns resurfaced after U.S. data showed a surprise build in gasoline supplies. This indicates a sentiment...

  • Crude will go higher, and energy will follow it up: Technician

    Rich Ross of Evercore ISI predicts that oil will keep climbing, and the energy sector will follow.

  • NEW YORK, June 8- Aircraft parts maker Spirit AeroSystems Holdings Inc named Chief Operating Officer Tom Gentile to succeed Chief Executive Larry Lawson on Wednesday, a long-expected move- but the company's shares fell 3.5 percent. The Wichita, Kansas- based company is a major supplier to Boeing Co, Airbus SA, Bombardier Inc and other plane and helicopter makers.

  • *Oil prices hit 2016 highs. June 8- Wall Street was higher in a narrow trading range early on Wednesday afternoon, with the S&P 500 inching towards its all-time high, as oil prices hit 2016 highs above $50 a barrel. Investors have all but priced out an interest rate hike when Federal Reserve officials meet on June 14-15, which pushed the dollar lower for the fourth day...

  • NEW YORK, June 8- The U.S. dollar fell on Wednesday on waning expectations of a near-term interest rate hike, boosting commodity prices, while an index of world equity markets advanced toward a six-week high. Federal Reserve Chair Janet Yellen on Monday. "A positive move develops its own momentum," said Bruce McCain, chief investment strategist at Key Private Bank in...

  • CHICAGO, June 8- Chicago Board of Trade soybean futures jumped 3 percent to their highest in nearly two years on Wednesday as forecasts for hot temperatures to hit key growing U.S. regions stoked fears of damage to nascent crops, traders said. The U.S. Department of Agriculture has announced spot soybean sales for three days in a row, highlighting the problems that...

  • *Hungary's trade surplus supports forint despite CPI. BUDAPEST/ WARSAW, June 8- The kuna fell to a 2-1/ 2 month low against the euro on Wednesday, in contrast to other Central European currencies, after the Croatian government's coalition moved to the brink of collapse. The biggest party in Croatia's ruling coalition filed a no-confidence motion against Prime...

  • Is the Fed to blame for poor hedge fund performance?

    Hedge funds have been struggling recently, and Dynasty Financial CIO Scott Welch gives Brian Sullivan his take on why the Fed may be to blame.

  • *S&P 500 nears 2015 record high. *Oil prices hit 2016 highs. June 7- The S&P 500 rose to within 15 points of its record high on Tuesday, helped by a big jump in energy shares and enthusiasm following Federal Reserve Chair Janet Yellen's speech this week.

  • Should your portfolio focus on Europe?

    European stocks have been highly responsive to U.S. stocks. Erin Gibbs of S&P Global and Max Wolff of Manhattan Venture Partners discuss with Brian Sullivan.

  • NEW YORK, June 7- Stocks gained on markets worldwide on Tuesday, helped by buoyant oil prices touching a 2016 high, a day after Federal Reserve Chair Janet Yellen pushed back expectations for a rate increase without raising concerns over the strength of the world's largest economy. Oil is moving higher on the diminished threat of higher rates, "said Jack Ablin,...

  • *S&P 500 16 points shy of May 2015 record high. Chevron rose 2.3 percent and Exxon gained as much as 1.6 percent to a 52- week high of $90.77. "Demand for oil seems to be stronger than we anticipated and the price continues to rise, that is something that is positive," said Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh.

  • *S&P 500 18 points shy of May 2015 record high. Chevron rose 2 percent, while Exxon gained as much as 1.5 percent to a 52- week high of $90.68. "Demand for oil seems to be stronger than we anticipated and the price continues to rise, that is something that is positive," said Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh.