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Archive US: Trading

  • NEW YORK, July 28- Global stock markets fell on Friday as results from some big U.S. companies disappointed and tobacco shares dropped, while oil prices had their biggest weekly percentage rise this year. The U.S. Food and Drug Administration said it aims to reduce nicotine levels in cigarettes while exploring measures to shift smokers towards e-cigarettes.

  • *Dow industrials edge up into record territory. *Tobacco stocks fall after FDA statement on nicotine. July 28- The S&P 500 slipped on Friday on negative reactions to earnings reports from high-profile names such as Amazon, Exxon and Starbucks and a drop in shares of tobacco companies.

  • SAN FRANCISCO, July 28- Shares of Tesla Inc rose nearly 1 percent on Friday ahead of a handover to customers of its first Model 3 sedans, the electric cars that Chief Executive Officer Elon Musk is betting will propel his company into the mass market. Tesla is counting on the Model 3 to help turn the cash-losing company into a profitable one, and its event later on...

  • CHICAGO, July 28- U.S. wheat futures rose on Friday, buoyed by signs of poor yields in drought-hit U.S. spring wheat belts, but the benchmark Chicago Board of Trade soft red winter wheat contract was still headed for a third straight weekly loss as U.S. crop troubles were set against ample global supplies. At 11:20 a.m. CDT, CBOT September soft red winter wheat...

  • July 28- Exxon Mobil Corp, the world's largest publicly traded oil producer, said on Friday its quarterly profit nearly doubled on surging margins at its operations outside the United States, but results fell shy of Wall Street's expectations. Shares of Irving, Texas- based Exxon fell about 1.9 percent in premarket trading to $79.30. The company posted...

  • NEW YORK, July 27- The S&P 500 ended lower following a drop in technology and transportation shares on Thursday, while oil prices extended their recent rally. The S&P 500, along with the Nasdaq, reversed gains from earlier in the session, while MSCI's 47- country All World share index eked out a record high. "The general sentiment of the market coming into the day was...

  • July 27- Amazon.com Inc reported on Thursday a 77 percent slump in quarterly income and forecast a potential operating loss in the current quarter, as the company invests heavily in video content and in fast-growing economies such as India. The world's largest online retailer forecast an operating income of $300 million to a loss of $400 million for the...

  • Why the GDP report could have a 'massive effect' on the market

    Boris Schlossberg of BK Asset Management says the biggest event on the calendar is gross domestic product data for Q2.

  • *UPS outlook weighs on Dow transports. *Tech sector drops despite gains for Facebook. July 27- A swoon in technology and transportation shares led the S&P 500 slightly lower on Thursday on a day full of corporate earnings reports, but the Dow industrials set a record closing high, helped by a jump in Verizon.

  • Telecom sector surges

    Boris Schlossberg of BK Asset Management and Max Wolff of 55 Institutional discuss telecom stocks with Brian Sullivan.

  • Is it time to buy gold?

    Gold rose to the highest level in more than a month on Thursday. Boris Schlossberg of BK Asset Management and Max Wolff of 55 Institutional discuss with Brian Sullivan.

  • *S&P 500 turns down in New York afternoon trading. The Dow Jones transportation average was down 3.4 percent, on track for its biggest daily percentage decline since June 2016 and Britain's vote to exit the European Union, while the S&P technology index was down 1.4 percent. "The general sentiment of the market coming into the day was that transportation stocks...

  • NEW YORK, July 27- Oil prices rose to an eight-week high on Thursday, as a rally in U.S. gasoline futures spurred further gains this week that came after key OPEC members pledged to reduce exports and the U.S. government reported a sharp decline in crude inventories. "It's the summer driving season, so the market looks to gasoline for direction and with gasoline...

  • *UPS outlook weighs on Dow transports. *Tech sector drops despite gains for Facebook. July 27- A swoon in technology and transportation shares led Wall Street lower on Thursday, with stocks hastening their declines in afternoon trading on a day full of corporate earnings reports.

  • The Treasury Department sold $28 billion in seven-year notes to fair demand, the final sale of $88 billion in coupon-bearing supply this week. AT&T Corp also came to market with a $22.5 billion. "The market is unduly being sold off on the mega AT&T deal... that is weighing on the long-end of the market" Tom di Galoma, a managing director at Seaport Global Holdings in New...

  • Are financials sending a signal to the bond market?

    Todd Gordon of TradingAnalysis.com breaks down the charts.

  • Trading Nation: Are tumbling tech stocks the beginning of a correction?

    Boris Schlossberg, managing director of FX Strategy at BK Asset Management, and Erin Gibbs, S&P Global, discuss tech stocks tumbling intraday with CNBC's Brian Sullivan.

  • Robert Shiller on artificial intelligence

    The Yale professor of economics and Nobel laureate discusses the rise of artificial intelligence with Brian Sullivan.

  • Chicago Board of Trade September soft red winter wheat futures were 2-1/ 2 cents higher at $4.80-1/ 4 a bushel. Spring wheat yield prospects in central and northwestern North Dakota are down significantly from a year ago following hot and dry weather during the growing season, scouts on Wheat Quality Council's annual crop tour of the state said on Wednesday.

  • SEATTLE/ DETROIT, July 27- United Parcel Service Inc on Thursday reported a higher-than-expected quarterly net profit due to rising ecommerce deliveries but investors worried about the company's performance in the back-half of the year and shares fell 3.1 percent. Atlanta- based UPS posted second-quarter net income of $1.4 billion or $1.58 per share, up...