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Archive US: Trading

  • NEW YORK, March 28- Wall Street followed gains in stocks globally on Tuesday after U.S. consumer confidence soared to a more than 16- year high, while the U.S. dollar bounced from a four-month low to post its best day in nearly a month. On Wall Street, cyclical sectors led the way higher after the strong consumer confidence data boosted investor views that the U.S....

  • *U.S. consumer confidence hits 16- year high. March 28- U.S. stocks ended sharply higher on Tuesday, with financial and energy shares surging as data showed U.S. consumer confidence soaring to a more than 16- year high. The S&P 500' s best day in nearly two weeks came after a record-setting rally for stocks in the wake of President Donald Trump's election in November...

  • NEW YORK, March 28- U.S. Lou Brien, market strategist at DRW Trading in Chicago, said gains in the U.S. stock market and the strong consumer confidence data turned the corner for Treasury debt yields. "This is an impressive gain... and a notable disconnect with 10- year yields under 2.38 percent, but it surely reflects the ongoing bid for equities," said Ian Lyngen, head of...

  • NEW YORK, March 28- U.S. Lou Brien, market strategist at DRW Trading in Chicago, said gains in the U.S. stock market and the strong consumer confidence data turned the corner for Treasury debt yields. "This is an impressive gain... and a notable disconnect with 10- year yields under 2.38 percent, but it surely reflects the ongoing bid for equities," said Ian Lyngen, head of...

  • Are commodities warning equities?

    Commodities like crude oil and copper have sunk recently. Are stocks next. Boris Schlossberg of BK Asset Management and Ari Wald of Oppenheimer discuss with Brian Sullivan.

  • Betting big on cyclicals

    Active managers are betting more heavily on cyclical versus defensive sectors than they have in years. Boris Schlossberg of BK Asset Management and Ari Wald of Oppenheimer discuss with Brian Sullivan.

  • March 28- U.S. stocks posted sharp gains on Tuesday, with bank and energy stocks surging, as data showed U.S. consumer confidence soaring to a more than 16- year high. U.S. equities have surged to record highs in the wake of President Donald Trump's election in November, but the rally had stalled this month. The data "underscore what has been going on really in this whole...

  • *Wall Street shares up as banks gain. NEW YORK, March 28- Stocks recovered on Tuesday as investors chose to look beyond U.S. Advancing shares in Asia and Europe helped boost the MSCI's all-country world equity index, which hit a near-two-week low on Monday.

  • *Fed Chair Janet Yellen to speak later in the day. March 28- The Dow was on track to snap an eight-day losing streak on Tuesday as financial stocks rose on the back of strong consumer data, offsetting losses in the healthcare sector. "This market is driven by two things- the hope of policy agenda getting put into place and improving fundamentals," said Art Hogan, chief...

  • *However, losses on Wall Street were kept in check on hopes that Trump would be able to deliver on his pledge to lower taxes- a proposition that has driven a record-breaking rally on Wall Street. *Federal Reserve Chair Janet Yellen speaks at a conference in Washington at 12:50 p.m. ET and could provide some insight into the timing of the central bank's next...

  • *However, losses on Wall Street were kept in check on hopes that Trump would be able to deliver on his pledge to lower taxes- a proposition that has driven a record-breaking rally on Wall Street. *Federal Reserve Chair Janet Yellen speaks at a conference in Washington at 12:50 p.m. ET and could provide some insight into the timing of the central bank's next...

  • *Stocks rebound from steeper losses. March 27- The S&P 500 cut earlier losses on Monday to end slightly lower, while the Dow declined for an eighth straight session, as investors assessed how the defeat of President Donald Trump's first major legislative action would impact the rest of his agenda. Tax legislation done right and done quickly is a big stimulant to...

  • What the charts say about the market’s next move

    Has the rally run its course? Robert Sluymer, technical strategist with Fundstrat Global Advisors, discusses the chart of the S&P 500 with Brian Sullivan.

  • Trump trades fading fast?

    Craig Johnson of Piper Jaffray and Max Wolff of 55 Capital discuss the state of the Trading Nation “Trump portfolio” with Brian Sullivan.

  • NEW YORK/ LONDON, March 27- Gold rallied more than 1 percent on Monday after U.S. Spot gold was up 1 percent at $1,256.02 an ounce by. 2:28 p.m. EDT, having touched a one-month high of $1,261.03 and failing to hold above the 200- day moving average for the second time in a month.

  • *White House failure on healthcare raises worries over tax reform. NEW YORK, March 27- Stocks, the dollar and U.S. long-dated Treasury yields slipped on Monday but recovered lost ground as investors hoped U.S. Trump's failure to rally enough support from his own Republican party- which controls both houses of U.S. Congress- to repeal and replace Obamacare spurred a...

  • March 27- Shares in U.S. banks led broader market losses on Monday as the failure of the Republican's healthcare bill intensified investor doubts whether President Donald Trump would be able to deliver on his pro-business policy promises. The S&P bank subsector index fell as much as 2.5 percent on Monday after falling 5.9 percent in the last 6 sessions as it...

  • Small cap stocks could see another leg down: Trader

    Todd Gordon of TradingAnalysis.com sees more trouble in the charts for small cap stocks.

  • *White House failure on healthcare raises worries over tax reform. *Oil dips towards $50 on doubts over output cut. "The markets around the globe are falling as a rethinking of the' Trump Trade' begins to focus on reality," Peter Cardillo, chief market economist at First Standard Financial in New York, wrote in a note.

  • As of Friday's close, the stock had risen nearly 34 percent from its $17 initial public offering price. The stock was trading at $23.52 before the bell on Monday. The Los Angeles- based company's app, which allows users to share short-lived messages and pictures, is popular with young people but faces intense competition from larger rivals such as Facebook Inc's...