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Archive US: Trading

  • *Trump fires chief strategist Steve Bannon. NEW YORK, Aug 18- U.S. stocks lost ground late to end lower on Friday following a White House- focused week that raised more questions about the Trump administration's ability to implement its pro-growth agenda. "While this mini correction we're seeing may not amount to much, it's probably caused by this escalation in...

  • *Barcelona attack hurts Europe stocks, keeps U.S. on edge. NEW YORK, Aug 18- Wall Street indexes and the U.S. dollar ended a volatile session lower after a week of drama in Washington intensified doubts about President Donald Trump's ability to deliver on pro-growth policy promises such as tax reform. "It's only marginally positive as it doesn't put money in...

  • *Trump fires chief strategist Steve Bannon. NEW YORK, Aug 18- U.S. stocks ended down slightly after another volatile session on Friday following the latest White House shakeup and increased focus on the outlook for the Trump administration's agenda and post-election rally. The White House said Trump on Friday fired chief strategist Steve Bannon, known as an...

  • Shares of Amazon and XRT (retail ETF) are both falling, here is what investors should do

    For the first time in a long time, shares of Amazon and XRT (retail ETF) are both falling at the same time, signaling a slowdown in consumer spending.

  • Market rebounds on Steve Bannon exit, but still falls for week

    U.S. equities closed off their session lows on Friday after Steve Bannon left the White House.

  • Fund manager Paul Meeks reveals his tech sector outlook

    Paul Meeks, Sloy, Dahl & Holst chief investment officer and portfolio manager, discusses technology stocks with Brian Sullivan.

  • How investors should position themselves after a roller coaster week

    The S&P 500 just posted its second week of losses. Matt Maley of Miller Tabak and Gina Sanchez of Chantico Global discuss with Brian Sullivan.

  • The full interview with Paul Meeks

    Veteran fund manager Paul Meeks of Sloy, Dahl & Holst discusses technology stocks and the broader market with Brian Sullivan.

  • Treasury yields were little changed on Friday as the exit of senior White House adviser Stephen Bannon, known for his economic nationalist views, revived the appetite for stocks and reduced it for lower-yielding bonds. "With anything that could change this White House, it could result in an upside surprise," said Jason Celente, senior portfolio manager at...

  • NEW YORK, Aug 18- The S&P 500 was barely higher Friday afternoon as investors assessed the latest White House shakeup, while shares of sporting goods retailers and Deere weighed on the market following disappointing results. The White House announced President Donald Trump fired chief strategist Steve Bannon on Friday. "There are still question marks on what...

  • SAN FRANCISCO, Aug 18- Investors worried about lofty stock-market valuations may take comfort in signs that companies in the benchmark S&P 500 index are padding their bottomlines less than they have in previous years. The difference between S&P 500 companies' GAAP net incomes and the adjusted versions of net income that they play up to Wall Street is expected...

  • NEW YORK, Aug 18- U.S. Treasury yields nudged higher on Friday as the exit of senior White House adviser Stephen Bannon, known for his economic nationalist views, revived the appetite for stocks and reduced it for lower-yielding bonds. You have had a lot of drama in Washington, "said Michael Schumacher, head of rate strategy at Wells Fargo Securities in New York.

  • *European shares fall; Barcelona attack weakens travel stocks. President Donald Trump fired chief strategist Steve Bannon on Friday, the White House announced, ending the turbulent tenure of a rabble-rousing conservative media entrepreneur and political activist who was a darling of Trump's base. "Theres a lot of hopeful people thinking that, you know what, he...

  • *Barcelona van attack kills 13, wounds scores. LONDON, Aug 18- Demand for highly-rated euro zone bonds increased on Friday as equity markets tumbled on mounting evidence that U.S. Meanwhile, the gap between yields on southern European bonds issued by Spain and Portugal and those on higher-rated German debt widened in a global retreat from riskier assets that...

  • Aug 18- Wall Street was lower for the second straight day on Friday on mounting worries about President Donald Trump's ability to legislate his pro-growth agenda, after his comments on the recent violence in Virginia drew widespread criticism. Several business leaders have since resigned from his advisory councils and a White House official said plans for...

  • Stocks closed slightly lower on Wall Street after a midday rally ran out of gas. Foot Locker plunged 28 percent after reporting a weak quarter. Deere fell 6 percent after its third-quarter sales came up short of Wall Street estimates.

  • *Deer Park refinery outage supports WTI prices. At 1152 GMT, benchmark Brent crude futures were up 6 cents at $51.09 a barrel on the day but still about 2 percent lower on the week. "Falling U.S. commercial stocks are supportive and I also believe that high U.S. product demand, and gasoline demand in particular, is helping too," Tamas Varga, senior analyst at London...

  • *CBOT wheat consolidates but Paris wheat slips again. PARIS/ MANILA, Aug 18- Chicago wheat futures edged higher on Friday to hold above day-earlier contract lows but gains were modest as an expected record Russian harvest kept attention on the size of global supplies. Wheat for December delivery on the Chicago Board of Trade was up 0.5 percent at $4.42-3/ 4 a bushel...

  • Aug 18- Cosmetics maker Estee Lauder Cos Inc forecast full-year profit ahead of analysts' estimates and posted higher-than-expected quarterly results, driven by strong demand for its brands such as M.A.C, Tom Ford and Smashbox. Sales in the company's makeup unit, which sells brands such as Tom Ford, Smashbox and La Mer, rose 16 percent to $1.31 billion.

  • LONDON, Aug 18- World stocks were set for a second day of losses on Friday after an exodus of U.S. executives from presidential business councils dealt a fresh blow to hopes of tax reform and deadly attacks in Barcelona hit shares in European tourism firms. President Donald Trump's latest controversial comments on violence that flared in Charlottesville,...