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Archive US: Trading

  • *Apple hits all-time high on strong iPhone sales. Aug 2- The Dow climbed above the 22,000 mark for the first time on Wednesday, buoyed by Apple's healthy quarterly iPhone sales, while weakness in other tech stocks held back the Nasdaq and S&P 500.. Some investors believe corporations must start spending less on buying back shares and more on technology to improve...

  • NEW YORK, Aug 2- A gauge of world stocks edged lower on Wednesday even as Wall Street's venerable Dow Jones Industrial Average topped the 22,000 barrier on strength in Apple shares, while the U.S. dollar held near 15- month lows on doubts about another rate hike this year. Shares of Apple, the largest U.S. company by market capitalization, were up 4.73 percent at...

  • The Dow’s oldest stock is also its worst performer this year

    General Electric has lagged the broader market. Boris Schlossberg of BK Asset Management and Craig Johnson of Piper Jaffray discuss with Brian Sullivan.

  • Trader bets against crude's comeback

    Todd Gordon of TradingAnalysis.com says the technicals are pointing to more downside for crude.

  • *OPEC output at 2017 high of 33 mln bpd. NEW YORK, Aug 2- Oil prices edged higher on Wednesday, as surging U.S. fuel demand and strong refinery runs offset data from the Energy Department that showed crude inventories did not fall as much as expected last week. Crude inventories in the United States fell by 1.5 million barrels in the week to July 28, the Energy...

  • *U.S. yield curve flattest since July 26. NEW YORK, Aug 2- Long-dated debt yields fell on Wednesday, and the yield curve flattened to its lowest levels in a week, after the U.S. Treasury Department said it was still considering an ultra long bond, but didn't announce a new issue. "They seem to be pushing off the really hard decisions that they are going to have to make to...

  • *Apple hits all-time high on strong iPhone sales. Aug 2- The Dow peaked above the 22,000 mark for the first time on Wednesday, powered by Apple's healthy quarterly iPhone sales, while weakness in other tech stocks pulled the Nasdaq and S&P 500 lower. Some investors believe corporations must start spending less on buying back shares and more on technology to...

  • NEW YORK, Aug 2- A gauge of world stocks edged lower on Wednesday even as Wall Street's venerable Dow Jones Industrial Average broke the 22,000 barrier on strength in Apple shares, while the U.S. dollar held near 15- month lows on doubts about another rate hike this year. Shares of Apple, the largest U.S. company by market capitalization, were up 4.99 percent at...

  • *OPEC output at 2017 high of 33 mln bpd. NEW YORK, Aug 2- Oil prices edged higher on Wednesday, as surging U.S. fuel demand offset data from the Energy Department that showed crude inventories did not fall as much as expected last week. Crude inventories in the United States fell by 1.5 million barrels in the week to July 28, the Energy Information Administration said,...

  • NEW YORK, Aug 2- World stock markets fell on Wednesday even as Wall Street's key Dow Jones Industrial Average broke the 22,000 barrier on strength in Apple shares, while the U.S. dollar fell to near 15- month lows on doubts about another rate hike this year. Shares of Apple, the largest U.S. company by market capitalization, surged 4.9 percent to a record high of...

  • Aug 2- AutoNation Inc, the largest U.S. auto retail chain, on Wednesday reported a 21.8- percent fall in quarterly profit, hurt by lower new vehicle sales, and the company's shares fell 4.4 percent in early New York trading. New car retail sales at the Fort Lauderdale, Florida- based company dropped 6.7 percent to 79,892 units, in the second quarter.

  • *Apple hits all-time high on strong results, iPhone sales. Aug 2- The Dow Industrials breached the 22,000 mark for the first time ever on Wednesday, boosted by a rally in Apple's shares. The Dow has risen 11 percent in 2017, even as Wall Street is losing confidence that President Donald Trump and a Republican-controlled Congress would be able to cut taxes and...

  • *U.S. yield curve flattest since July 26. NEW YORK, Aug 2- Long-dated debt yields plunged on Wednesday, and the yield curve flattened to its lowest levels in a week, after the U.S. Treasury Department gave no indications about new long-dated issuance in a quarterly refunding statement. "They seem to be pushing off the really hard decisions that they are going to have to...

  • Aug 2- U.S. stock indexes looked set to open higher on Wednesday with the Dow Industrials on course to breach the 22,000 mark, driven by a rally in Apple's shares. The Dow has risen 11 percent in 2017, even as Wall Street is losing confidence that President Donald Trump and a Republican-controlled Congress would be able to cut taxes and increase infrastructure...

  • DUBAI, Aug 2- Iraq started marketing a $1 billion bond on Wednesday, its first international debt issuance as a standalone credit since 2006 and an attempt to put decades of turmoil behind it. Iraq issued $1 billion in bonds last January, but that offering was 100 percent guaranteed by the U.S government. Iraq needs external financing to plug a widening budget...

  • *Wall Street's Dow Jones index looking to break 22,000. LONDON, Aug 2- Asian technology stocks hit 17- year peaks and Wall Street's Dow index looked set to break 22,000 points later on Wednesday, as blockbuster earnings from Apple rippled out to component makers globally. E-Mini futures for the Dow were up 0.2 percent despite a lower Europe as disappointing...

  • CROIX, V.I., Aug 2- For a glimpse at the precarious financial health of this Caribbean island, visit its public hospital. For years the U.S. Virgin Islands funded essential public services with help from Wall Street. Trouble in neighboring Puerto Rico, which recently filed for a form of bankruptcy after a string of debt defaults, has investors worried that the U.S....

  • *Wall Street's Dow Jones index looking to break 22,000. LONDON, Aug 2- Asian technology stocks hit 17- year peaks and Wall Street's Dow index looked set to break 22,000 points on Wall Street later, as blockbuster earnings from Apple rippled out to component makers globally. E-Mini futures for the Dow were up 0.2 percent, though Europe started flat as disappointing...

  • TOKYO, Aug 2- Japan's Nikkei share average rose to a 1-1/ 2- week high on Wednesday, supported by strong domestic earnings as well as a rally among Apple's suppliers after the iPhone maker reported robust profits. Honda Motor Co gained 2.8 percent after Japan's No.3 automaker raised its full-year operating profit forecast thanks to solid demand in Asia.

  • SYDNEY, Aug 2- Asian technology stocks hit 17- year peaks on Wednesday as blockbuster earnings from Apple rippled out to component makers globally, helping the broader market offset losses in the energy sector. Shares in the world's most valuable company surged 6 percent after-hours to a record of more than $159, taking its market capitalisation above $830...