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Archive US: Trading

  • The full interview with Tom McClellan of the McClellan Market Report

    Tom McClellan, editor of the McClellan Market Report, takes a close, technical look at the S&P 500 with Brian Sullivan.

  • The full interview with Deutsche Bank’s Torsten Slok

    Torsten Slok, chief international economist with Deutsche Bank, discusses how rate hikes could impact stocks with Brian Sullivan.

  • *JPMorgan, Citi beat estimates but fail to excite. NEW YORK, Oct 12- U.S. stocks edged lower on Thursday, pausing after recent gains, after AT&T said it lost subscribers in the last quarter, while banks fell following results. Over the next few days we'll get many more reports and more material for people to study, "said John Carey, portfolio manager at Pioneer Investment...

  • *Wall Street virtually unchanged with pressure from banks, media. PPI was a little bit better, but that doesnt really translate well to CPI, said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York. The dollar turned negative as sterling jumped to an eight-day high against the dollar with analysts citing a report in Germany's Handelsblatt...

  • In its monthly crop production report, USDA also raised its domestic corn production outlook as record yields in areas outside the major producing states boosted the size of the overall harvest. USDA pegged the corn harvest at 14.280 billion bushels, based on an average yield of 171.8 bushels per acre. USDA said it expected record yields in Alabama, Georgia,...

  • NEW YORK, Oct 12- The U.S. dollar snapped a losing streak on Thursday in the wake of solid U.S. economic data but U.S. Treasury yields dipped and Wall Street stock indexes were largely unchanged as earnings season kicked off with a whimper. PPI was a little bit better, but that doesnt really translate well to CPI, said Gennadiy Goldberg, an interest rate strategist at TD...

  • Oct 12- U.S. stocks fell on Thursday morning, dragged down by media companies, while results from JPMorgan and Citigroup failed to fuel the optimism that has driven indexes to record highs. JPMorgan and Citigroup, which had already talked down third-quarter expectations, reported earnings that were better than Wall Street estimates even as trading revenues...

  • NEW YORK, Oct 12- U.S. Treasury yields rose before the Treasury Department is due to sell new 30- year supply, and after data showed that U.S. producer prices rose in September. The Treasury Department will sell $12 billion in 30- year bonds on Thursday, the final sale of $56 billion in new coupon-bearing supply this week.

  • Oct 12- Wall Street looked set to open slightly lower on Thursday as results of major banks JPMorgan and Citigroup failed to fuel the optimism that has driven indexes to record highs. JPMorgan and Citigroup, which had already talked down expectations earlier this month, reported earnings that were better than Wall Street estimates. "What we're seeing is after a...

  • The fourth-biggest U.S. bank by assets said on Thursday that net income rose to $4.13 billion in the third quarter ended Sept. 30 from $3.84 billion a year earlier. Earnings per share rose about 15 percent to $1.42 from $1.24 as the company shrank the number of shares outstanding by 7 percent- buying back stock under its biggest capital return plan approved by the...

  • The fourth-biggest U.S. bank by assets said on Thursday that net income rose to $4.13 billion in the third quarter ended Sept. 30 from $3.84 billion a year earlier. Earnings per share rose about 15 percent to $1.42 from $1.24 as the company shrank the number of shares outstanding by 7 percent- buying back stock under its biggest capital return plan approved by the...

  • Oct 12- JPMorgan Chase& Co's quarterly profit and revenue easily trumped Wall Street's expectations on Thursday, but a slump in bond trading clouded gains from loan growth and higher interest rates. Shares of JPMorgan, which kicked off earnings for banks in the United States, dipped 0.66 percent to $96.20 in premarket trading. "The results were solid but not...

  • Oct 12- JPMorgan Chase& Co, the largest U.S. bank by assets, reported a 7.1 percent rise in quarterly profit on Thursday as gains from loan growth and higher interest rates more than offset a slump in trading revenue. Shares dipped 0.25 percent at $96.67 in premarket trading. Net profit rose to $6.73 billion, or $1.76 per share, for the third quarter ended Sept. 30, from...

  • SINGAPORE, Oct 12- U.S. wheat edged up on Thursday, rising for the first time in four sessions as investors looked for bargains, although ample world supplies and stiff competition from Black Sea producers limited gains. *Still, the U.S. Department of Agriculture confirmed that private exporters sold 104,202 tonnes of U.S. hard red winter wheat and 150,000 tonnes...

  • *Wall St closes higher after Politico cites Powell for Fed chair. NEW YORK, Oct 11- Wall Street stocks rose on Wednesday as the minutes from the Federal Reserve's September policy meeting merely confirmed expectations that interest rates would rise, while the euro gained on the dollar after Catalonia held off on moving to independence. "Nothing changes the...

  • *Saudi Arabia output rises in Sept, still below OPEC target. *OPEC sees higher demand, tighter market in 2018. NEW YORK, Oct 11- Oil prices rose for the third day on Wednesday as OPEC forecast higher demand for 2018 and heightened tensions in Kurdistan supported prices.

  • While Wall Street reaction was muted to minutes of the most recent Federal Reserve policy meeting, a report that a market-friendly candidate was being pushed as successor to Janet Yellen at the helm of the U.S. central bank helped indexes close near the highs of the day. "You've got sector rotation grinding the indexes higher and it's hard to see what stops that,"...

  • Stock close at record highs after Fed signals it will raise rates in December

    Stock close at record highs after Fed signals it will raise rates in December.

  • While Wall Street reaction was muted to minutes of the most recent Federal Reserve policy meeting, a report that a market-friendly candidate was being pushed as successor to Janet Yellen at the helm of the U.S. central bank helped indexes close near the highs of the day. "You've got sector rotation grinding the indexes higher and it's hard to see what stops that,"...

  • Oct 11- Kroger Co said on Wednesday it was exploring the sale of its nearly 800 convenience stores as the No. 1 U.S. supermarket operator strengthens its online businesses in a market share war that has intensified since Amazon.com Inc's purchase of Whole Foods. Kroger is revamping its nearly 2,800 brick-and-mortar supermarkets, lowering prices, bolstering...