Archive US: Trading

  • NEW YORK, Aug 8- Oil prices jumped nearly 3 percent on Monday amid renewed speculation that OPEC would try to restrain output, easing oversupply worries had pressured the market to three-month lows last week. The Wall Street Journal reported last week that OPEC countries such as Venezuela, Ecuador and Kuwait want to take another stab at cooperation between the...

  • Aug 8- The S&P 500 opened at a record high on Monday as oil prices rose and after Friday's stellar jobs report suggested strength in the U.S. economy, boosting appetite for risk. Oil rose 1.8 percent after a report in the Wall Street Journal last week that some OPEC members had called for a freeze in production. "We're coming off a strong session on the back of solid...

  • NEW YORK, Aug 5- Stocks and the dollar jumped on Friday on strong U.S. employment data that boosted expectations of an acceleration in economic growth and raised the probability of a Federal Reserve interest rate hike this year. Forecast-beating U.S. nonfarm payrolls numbers, released a day after the launch of a Bank of England monetary easing package, sent U.S.

  • NEW YORK, Aug 5- U.S. stocks notched their best day in a month on Friday, with the S&P 500 and Nasdaq closing at record highs after a second straight month of robust labor market data boosted optimism that economic growth is accelerating. The U.S. Labor Department report showed that nonfarm payrolls rose by 255,000 in July, far outpacing expectations for a gain of...

  • Are stocks cheering or jeering economic growth?

    Boris Schlossberg of BK Asset Management and Phillip Streible of RJO Futures discuss the interaction between the the market and the economy with Brian Sullivan.

  • Fear is leaving the market – but that might not be good for stocks

    The VIX just hit a one-year low. Is this a good sign for stocks? Boris Schlossberg of BK Asset Management and Phillip Streible of RJO Futures discuss with Brian Sullivan.

  • Trader bets on the financials

    Looking at the XLF, Todd Gordon of TradingAnalysis.com has a bullish call on the financials after a stronger-than-expected jobs report.

  • NEW YORK, Aug 5- A U.S. stock market that rose again to record highs on Friday on the back of a robust employment report will take its cues next week from a facet of the economy that also has shown signs of strength: the consumer. Quarterly earnings reports from department store operators including Macy's, luxury goods companies such as Michael Kors and...

  • NEW YORK, Aug 5- U.S. stocks were on track for their best day in a month on Friday, with the S&P 500 touching a record intraday high after a second straight month of robust labor market data heightened expectations for acceleration in economic growth. The U.S. Labor Department report showed that nonfarm payrolls rose by 255,000 in July, far outpacing expectations...

  • The U.S. Labor Department report showed that nonfarm payrolls rose by 255,000 in July, far exceeding estimates of 180,000.. Average hourly wages rose by 8 cents. "cements the view that the economy is improving despite the recent negative news from GDP," said Aaron Kohli, an interest rate strategist at BMO Capital Markets in New York.

  • SAO PAULO, Aug 5- Latin American stocks and currencies seesawed on Friday after stronger-than-expected jobs data clouded the outlook for U.S. monetary policy. "is not enough to change the view that the earliest possibility of a U.S. rates increase is December," said Pedro Tuesta, an economist with 4 Cast in Washington, D.C. Many investors also bought emerging market...

  • The U.S. Labor Department report showed that nonfarm payrolls rose by 255,000 in July, far exceeding estimates of 180,000.. Average hourly wages rose by 8 cents. "cements the view that the economy is improving despite the recent negative news from GDP," said Aaron Kohli, an interest rate strategist at BMO Capital Markets in New York.

  • NEW YORK, Aug 5- Stocks and the dollar jumped on Friday as investors cheered strong U.S. employment data, which bolstered expectations of an acceleration in economic growth and raised the probability of a Federal Reserve interest rate hike this year. Forecast-beating U.S. non-farm payrolls numbers, coming a day after the launch of a new Bank of England monetary...

  • This retail stock is going higher, here's how I'm going to play it: Trader

    Andrew Keene of AlphaShark sees TJX heading higher, so he plays it to the upside.

  • Aug 5- Wall Street opened higher on Friday as robust labor market data boosted optimism about the strength of the U.S. economy. The report by the U.S. Labor Department showed that nonfarm payrolls rose by 255,000 in July. "cements the view that the economy is improving despite the recent negative news from GDP," said Aaron Kohli, interest rate strategist at BMO...

  • CHICAGO, Aug 4- Prices for Chicago general obligation bonds rose in secondary market trading on Thursday as the municipal market welcomed Mayor Rahm Emanuel's plan to shore up the city's biggest retirement fund. The price improvement narrowed the spread over Municipal Market Data's benchmark triple-A yield scale for some Chicago bonds by about 20 basis...

  • Shares of the company, created when Kraft Foods Group merged with H.J. Still, net income attributable to the company jumped to $770 million, or 63 cents per share, in the quarter ended July 3, on a pro forma basis, which assumes that the two companies were a single entity in both periods. Pro-forma net sales fell 4.7 percent to $6.79 billion, in-line with the average...

  • NEW YORK, Aug 4- Global stock markets rose and sterling slid on Thursday after the Bank of England cut interest rates and revived a bond-buying program to cushion the economic blow from Britain's June 23 vote to leave the European Union. The Bank of England cut its main rate by a quarter percentage point to a record low 0.25 percent and said it would take "whatever...

  • Jason Donville on the growth investor’s dilemma

    The CEO of Toronto-based Donville Kent Asset Management discusses the difficulty of finding growth stocks in this interview with Brian Sullivan.

  • Are consumer staples stocks overvalued?

    Consumer staples have enjoyed a strong run this year, but are the stocks overheated? David Seaburg of Cowen & Co. and Chad Morganlander of Stifel Nicolaus discuss with Brian Sullivan.