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Archive US: Trading

  • Tom Lee on oil’s hidden drivers

    Tom Lee of Fundstrat Global Advisors discusses crude’s next move with Brian Sullivan.

  • Unusual market leadership

    Tech, utilities and staples have led the way in May. Max Wolff of 55 Institutional and Ari Wald of Oppenheimer discuss with Brian Sullivan.

  • *OPEC oil output rose in May, 1st monthly increase this year. *Russia's May oil output in line with OPEC deal- sources. NEW YORK, May 31- Oil prices sank 3 percent to a three-week low on Wednesday as an increase in Libyan output helped boost monthly OPEC crude production for the first time this year.

  • NEW YORK, May 31- Major stock markets around the globe ended a solid May on a weak not on Wednesday, while the sterling fell as conflicting poll results stoked worries whether the ruling Conservatives could lose seats in next week's UK general election. Oil prices declined to a three-week low as news of a rebound in Libyan production exacerbated worries about a...

  • NEW YORK, May 31- U.S. stocks retreated on Wednesday, pulled lower by weakness in financials after JPMorgan and Bank of America warned of revenue weakness in the current quarter, while a drop in oil prices weighed on energy stocks. Financials rallied more than 20 percent in the wake of the U.S. presidential election on hopes of fiscal stimulus and deregulation...

  • May 31- U.S. stocks were down on Wednesday as financials tumbled after JPMorgan and Bank of America hinted at revenue weakness in the current quarter and oil prices fell to a three-week low. The U.S. stock market's main gauge of investor anxiety closed at its lowest level in over two decades on May 8. "There is a choppy sideways market due to the fact that fundamentals...

  • NEW YORK, May 31- Major stock markets around the globe fell on Wednesday but were on track to book moderate gains for May, while the sterling fell as conflicting poll results stoked worries whether the ruling Conservatives could lose seats in next week's U.K. general election. Oil prices declined to a three-week low as news of a rebound in Libyan production...

  • *Fed Beige Book expected at 2 p.m. ET. May 31- U.S. stocks were little changed on Wednesday, with the three major indexes on track to end the month higher, as gains in healthcare and technology were outweighed by a drop in energy shares due to a steep fall in oil prices. Oil prices fell by more than 2 percent to a three-week low, as rising Libyan production fueled concerns...

  • *Fed Beige Book expected at 2 p.m. ET. Oil prices fell by more than 2 percent to a three-week low, as rising Libyan production fueled concerns that OPEC- led output cuts are being undermined by several countries that are excluded from the deal. "We had the Memorial day weekend and volumes on Tuesday were low, so this is the first day that Wall Street is coming back in full...

  • LONDON, May 31- German bond yields edged higher and most other euro zone government bonds were steady on Wednesday on expectations that Italian consumer prices data will help shore up inflation across the single currency bloc. High-grade euro zone bond yields have dropped in recent days on below-forecast inflation numbers from Germany and Spain, data that...

  • *Amazon shares briefly cross $1,000 mark. May 30- U.S. stocks inched lower on Tuesday, with the S&P 500 retreating slightly from a record, as weakness in the energy and financial sectors outweighed gains in technology shares. Oil prices fell to keep U.S. crude below the $50 a barrel mark on concerns output cuts by the world's big exporters may not be sufficient to...

  • Dollar and Dow breakout: Here's what could drive the markets Wednesday

    Evercore ISI managing director and head of technical analysis Rich Ross breaks down three market themes for Wednesday and the week ahead.

  • A stock picker’s paradise?

    Stocks in the S&P 500 are expected to move independently over the next few months. Rich Ross and Stacey Gilbert discuss.

  • *Oil market flounders on oversupply worries despite OPEC deal. NEW YORK, May 30- World stock prices slipped on Tuesday on concerns about the political outlook in Europe and U.S. economic growth, and nervous investors piled into yen and low-risk U.S. and German government bonds. "There is a whiff of risk aversion about the markets," said Shaun Osborne, chief FX...

  • Can semiconductor stocks keep surging?

    Rich Ross of Evercore ISI and Stacey Gilbert of Susquehanna discuss the chip stock rally with Brian Sullivan.

  • *Amazon briefly crosses $1,000 mark. May 30- U.S. stocks edged lower on Tuesday as weakness in the energy and financial sectors outweighed gains in technology shares. Oil prices declined, keeping U.S. crude below the $50 a barrel mark, on concerns output cuts by the world's big exporters may not be sufficient to lessen a global glut that has depressed the market for...

  • Trader repositions for a bigger fall in crude

    Todd Gordon of TradingAnalysis.com adjusts an open trade to reflect a bigger drop in crude.

  • *Wall Street, European shares slip but still near record highs. Shares on Wall Street, in addition to Germany's DAX index and Britain's FTSE, are trading near record highs, which is keeping stocks from moving higher as political uncertainty picks up on both sides of the Atlantic. Shan Osborne, chief FX strategist at Scotia in Toronto, said there is a whiff of risk...

  • *OPEC extension of supply limits fails to impress market. Brent crude fell 87 cents, or 1.7 percent, to $51.42 a barrel by 11:50 a.m. EDT, while U.S. light crude was 59 cents, or 1.2 percent, lower at $49.21. Collective output by OPEC and other producers will be held around 1.8 million barrels per day below its level at the end of last year.

  • *Oil market flounders on oversupply worries despite OPEC deal. NEW YORK, May 30- World stock prices softened on Tuesday on concerns about the political outlook in Europe and U.S. economic growth, and nervous investors piled into yen and low-risk U.S. and German government bonds. "There have been some softness in U.S. economic data, and there are some less...