Archive US: Trading

  • NEW YORK, July 29- Wall Street, seeking direction as the S&P 500 has been stuck in a narrow trading range for 12 days, will next week shift its attention from second-quarter corporate earnings reports to economic data. The overall tone will be of an economy that is getting better at a reasonable pace, "said John Manley, chief equity strategist at Wells Fargo Funds...

  • NEW YORK, July 29- Wall Street, seeking direction as the S&P 500 has been stuck in a narrow trading range for 12 days, will next week shift its attention from second-quarter corporate earnings reports to economic data. The overall tone will be of an economy that is getting better at a reasonable pace, "said John Manley, chief equity strategist at Wells Fargo Funds...

  • *Alphabet, Amazon prop up S&P, Nasdaq. *Exxon, McDonald's weighs on Dow. July 29- Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares.

  • Tech stocks hit multi-year highs

    Nicolas Colas of Convergex and Eddy Elfenbein of the Crossing Wall Street blog discuss tech’s post-earnings boost with Dominic Chu.

  • NEW YORK, July 29- U.S. Gross domestic product, the government's broadest economic gauge, grew at a 1.2 percent annual rate in the second quarter after rising by a downwardly revised 0.8 percent pace in the first quarter, the Commerce Department said on Friday. Jack Flaherty, co-portfolio manager of the GAM Unconstrained Bond Strategy in New York, said of the latest...

  • Do stocks need an oil rebound?

    Nicolas Colas of Convergex and Eddy Elfenbein of the Crossing Wall Street blog discuss the struggling energy sector and what’s ahead for the overall market with Dominic Chu.

  • *Alphabet, Amazon prop up S&P, Nasdaq. *2nd- qtr GDP growth up 1.2 pct vs est. 2.6 pct. July 29- Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares.

  • *Alphabet, Amazon prop up S&P, Nasdaq. *2nd- qtr GDP growth up 1.2 pct vs est. 2.6 pct. July 29- Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares.

  • *Traders pare Fed rate-hike view on paltry U.S. growth. NEW YORK, July 29- U.S. Gross domestic product, the government's broadest economic gauge, grew at a 1.2 percent annual rate after rising the Commerce Department said on Friday.

  • Here’s how to hedge against the Japanese yen

    Todd Gordon of TradingAnalysis.com plays the Japanese yen ETF following the Bank of Japan meeting.

  • TOKYO, July 29- Asian shares held near one-year highs while the yen hit a two-week high on Friday in nervous trade as investors waited to see if the Bank of Japan will come up with stimulus that would meet markets' expectations. MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade while Japan's Nikkei slipped 0.1 percent.

  • July 28- Wall Street edged higher on Thursday as investors looked beyond disappointing earnings from Ford and bought shares in Apple, while Alphabet surged after the bell following its quarterly report. Momentum players are focusing to buy on pullbacks, "said Michael Matousek, head trader at U.S. Global Investors in San Antonio.

  • The rate trade is cooling off: Technical analyst

    Rate-sensitive sectors may be set to slide. Jonathan Krinsky of MKM Partners and Boris Schossberg of BK Asset Management discuss with Dominic Chu.

  • *Wall St rebounds after disappointing Ford Motor results. NEW YORK, July 28- U.S. stocks mostly rose on Thursday in anticipation of results from tech heavyweights Alphabet and Amazon.com, while the yen eased after Reuters reported the Bank of Japan was considering expanding monetary stimulus to address signs of weak inflation. Expectations of further...

  • NEW YORK/ LONDON, July 28- Gold turned lower after hitting a two-week peak on Thursday as the dollar pared losses and U.S. stocks climbed from their lows ahead of a possible Bank of Japan announcement to expand monetary stimulus on Friday. Spot gold was down 0.3 percent at $1,335.60 an ounce at 3:28 p.m. EDT, after rising to a two-week top at $1,345.21.

  • Time to go for the gold? Video TN

    Is there a case for getting into the yellow metal now? Boris Schlossberg of BK Asset Management and Jonathan Krinsky of MKM Partners discuss with Dominic Chu.

  • Potash will cut its quarterly dividend to 10 cents per share from 25 cents. Its shares were down 7 percent in New York and Toronto, and the U.S.-listed stock touched a low of $15.84. Potash Corp "could sit at the bottom here for another year," said Bryden Teich, portfolio manager at Avenue Investment Management, which sold its Potash position in June.

  • NEW YORK, July 28- Global stock markets fell on Thursday in the wake of disappointing U.S. and European corporate results while the dollar took its biggest tumble in almost two months after the U.S. Equity markets retreated after Royal Dutch Shell in Europe reported a more than 70 percent fall in quarterly profit that was well below analysts' estimates.

  • Potash plans to cut its quarterly dividend to 10 cents per share from 25 cents. Its shares fell 4.7 percent in New York and Toronto, and the U.S.-listed stock touched a two-week low of $16.32, down 40 percent in the past 12 months. Potash Corp "could sit at the bottom here for another year," said Bryden Teich, portfolio manager at Avenue Investment Management, which sold...

  • NEW YORK, July 28- U.S. Treasury prices fell on Thursday, with longer-dated yields rising from 1-1/ 2 week lows in advance of a $28 billion auction of seven-year notes, the final part of this week's $88 billion coupon-bearing securities for sale. The FOMC gave a nod to improvement in the labor market and consumer spending, with little fallout so far from Britain's...