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Archive US: Trading

  • US Treasury Secretary Steve Mnuchin

    Bankers and traders have been waiting to hear when Treasury bond trading data will be made public

  • Nov 28- Wall Street hit record highs on Tuesday led by bank stocks, as investors seized on strong consumer confidence data and comments from President Donald Trump's nominee to lead the Federal Reserve. But major indexes briefly pulled back from session highs after news that North Korea had fired a missile. Jerome Powell, nominated to replace Janet Yellen as Fed...

  • The technology rally's international scale expanded last week, when social network Tencent became the first Chinese firm to be worth over $500 billion, briefly surpassing Facebook Inc. Hong Kong's Hang Seng technology index is up 99 percent this year, trading at 43 times past earnings. "Technology applies to all lines of businesses, whether it's Amazon to...

  • *Buffalo Wild Wings gains after Roark Capital offer. Nov 28- Wall Street indexes edged higher to records on Tuesday after Federal Reserve chair nominee Jerome Powell's comments on interest rate hikes and deregulation fired up financial stocks. Powell, in his confirmation hearing before the Senate Banking Committee, positioned himself as an heir to the...

  • NEW YORK, Nov 28- Regulators on Tuesday signaled some desire to raise the curtain on the $14 trillion market for U.S. Treasury debt, suggesting investors and the public could soon take a look at a vast and potentially valuable pool of Wall Street trading data. Craig Phillips, counselor to Treasury Secretary Steven Mnuchin, told a conference of investors and...

  • *Oil prices slip on OPEC deal extension jitters. NEW YORK, Nov 28- Wall Street hit record highs and the dollar edged up on Tuesday as traders monitored comments from Federal Reserve chair nominee Jerome Powell and waited for progress on U.S. tax reform. "For the most part, his prepared remarks painted a similar picture to the outgoing Chair Janet Yellen's monetary...

  • *Buffalo Wild Wings gains after Roark Capital bid. *Oil down for a second day ahead of OPEC decision. In prepared remarks, Powell defended the Fed's use of broad crisis-fighting powers, placing himself as an extension of the line followed by current Chair Janet Yellen and her predecessor Ben Bernanke.

  • *Arby's owner to buy Buffalo Wild Wings in $2.4 bln deal. *Oil down for a second day ahead of OPEC decision. Nov 28- The benchmark S&P 500 index was set to open at a record on Tuesday, gaining momentum from a positive tone in Europe, and putting aside any nerves over a U.S. tax bill and confirmation hearing for Federal Reserve chair nominee Jerome Powell.

  • Dow rises slightly as energy sector lags Monday

    Retailers have good start to holiday shopping season.

  • NEW YORK, Nov 27- Declines in chipmaker shares weighed on stocks across the globe on Monday, while U.S. energy shares fell as crude dropped and the dollar slipped against the yen. Tech stocks in Europe fell 0.7 percent. "The market is looking at the rest of the world and seeing it's a little bit soft, while the early read on holiday sales has been pretty good," said Scott...

  • *North Korea report puts slight bid in bond market. NEW YORK, Nov 27- Treasury yields slipped on Monday in choppy trading, partly dragged down by a combination of a pullback on Wall Street after hitting record highs earlier, plus reports that North Korea may be preparing for another nuclear missile test. Japan's Kyodo news agency reported that a Japanese diplomat...

  • *North Korea report puts slight bid in bond market. NEW YORK, Nov 27- Treasury yields slipped on Monday in choppy trading, partly dragged down by a combination of a pullback on Wall Street after hitting record highs earlier, plus reports that North Korea may be preparing for another nuclear missile test. Japan's Kyodo news agency reported that a Japanese diplomat...

  • Oppenheimer's Stoltzfus on tax reform and the market

    John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, discusses tax reform and its potential market impact with Brian Sullivan.

  • Nov 27- Wall Street's major indexes ended little changed on Monday, retreating modestly from record highs set during the session, as gains for Amazon countered losses in shares of energy companies. President Donald Trump summoned Senate Republican tax-writers to the White House to urge passage of a sweeping tax bill as Republicans rushed to bring the bill to a...

  • Tax reform unlikely by year-end, but outlook is still bullish: Oppenheimer

    John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, discusses the market with Brian Sullivan.

  • The Russel 2000 index could benefit from the tax reform bill, if it pass the Senate

    Keep an eye on the Russell 2000 index this week as it could be impacted by the new tax reform bill.

  • Chinese stocks are starting to show signs of cracking, strategist says

    Matt Maley of Miller Tabak is watching the Shanghai Composite for further weakness. He and Max Wolff with The Phoenix Group discuss with Brian Sullivan.

  • *Oil falls on U.S. drilling but OPEC cuts support market. NEW YORK, Nov 27- Declines in chipmaker shares weighed on stocks across the globe on Monday, while U.S. energy shares fell as crude dropped and the dollar slipped against the yen. "The market is looking at the rest of the world and seeing it's a little bit soft, while the early read on holiday sales has been pretty...

  • Nov 27- Wall Street's major indexes were little changed on Monday after retreating from record highs set during the session as gains for Amazon were countered by losses in shares of chipmakers and energy companies. President Donald Trump was to meet with Senate Republican tax writers to scope out an end-game strategy for sweeping tax legislation, ahead of a...

  • *OPEC expected to extend output limits. NEW YORK, Nov 27- Oil prices fell 1 percent on Monday, with U.S. crude easing from two-year highs on prospects of higher supply, and uncertainty about Russia's resolve to join in extending output cuts ahead of this week's OPEC meeting. OPEC and its allies cut production by 1.8 million bpd in January and have agreed to hold down...