Noel's Feed
May 15, 2015

Wall St dips, S&P off peak, on lackluster data

May 15 (Reuters) – U.S. shares dipped on Friday and the S&P
500 eased off a recent record high as a ream of weak data
stirred concerns about the economy’s health.

The S&P jumped 1.08 percent to a record close a day earlier,
modestly exceeding its previous peak on April 24, fueling
speculation the benchmark index may trend higher after having
oscillated in a range for much of the past three months.

May 14, 2015

S&P 500 ends at record high as dollar loses ground

May 14 (Reuters) – U.S. stocks ended sharply stronger on
Thursday and the S&P 500 closed at a record high as investors
worried less about interest rates and a weaker dollar offered
the possibility of stronger sales for U.S. multinationals.

The S&P 500 gained 22.62 points, or 1.08 percent, to
end at 2,121.1, exceeding its previous all-time high close of
2,117.69 on April 24. The Nasdaq Composite had its strongest day
since January.

May 14, 2015

Wall Street rises sharply as dollar loses ground

May 14 (Reuters) – U.S. stocks rose sharply on Thursday
afternoon and the S&P 500 was on track for a record-high close
as a weaker dollar offered the possibility of stronger sales for
U.S. multinationals.

The dollar moved to its lowest since January against a
basket of currencies of major U.S. trading partners – good news
for companies that have large foreign sales.

May 12, 2015

Wall St ends weaker as global bond worries deepen

May 12 (Reuters) – U.S. stocks ended lower on Tuesday after
a recent run-up in global bond yields unsettled investors
already concerned about an eventual Federal Reserve interest
rate hike.

Stocks recovered from steeper losses after Treasury yields
crept back slightly from six-month highs.

May 12, 2015

Wall St cuts losses as global bond worries weigh

May 12 (Reuters) – U.S. stocks recovered losses to trade
near flat on Tuesday afternoon as a recent run-up in global bond
yields unsettled investors already concerned about an eventual
Federal Reserve interest rate hike.

Stocks indexes had earlier fallen to their lowest in about
a week but bounced back after Treasury yields ticked down
slightly from six-month highs.

May 12, 2015

Global bond worries push Wall Street lower

May 12 (Reuters) – U.S. stocks were down on Tuesday
afternoon as a recent run-up in global bond yields unsettled
investors already concerned about an eventual Federal Reserve
interest rate hike.

Stocks indexes had earlier fallen to their lowest in about
a week but recovered some of those losses after Treasury yields
ticked down slightly from six-month highs.

May 11, 2015

Wall Street ends down on global jitters; oil stocks lower

May 11 (Reuters) – Wall Street closed lower on Monday as
investors fretted about Greece’s precarious financial condition
and slowing growth in China, while energy stocks fell on weaker
oil prices.

U.S. stocks, which rallied on Friday on a strong jobs
report, have been trading at historically expensive valuations,
fueled by ultra-low borrowing costs.

May 11, 2015

Wall Street dips on global worries; oil stocks trickle lower

May 11 (Reuters) – U.S. stocks were down on Monday afternoon
due to worries about Greece’s precarious financial condition and
slowing growth in China, while energy stocks fell on weaker oil
prices.

U.S. stocks, which rallied on Friday on a strong jobs
report, have been trading at historically expensive valuations,
fueled by ultra-low borrowing costs.

May 8, 2015

Stocks leap as Wall Street lauds jobs growth

May 8 (Reuters) – U.S. stock indexes ended more than 1
percent higher on Friday after strong jobs data indicated U.S.
economic growth was picking up momentum, but not enough to raise
concerns about an earlier-than-expected interest-rate rise by
the Federal Reserve.

U.S. job growth rebounded last month and the unemployment
rate dropped to a near seven-year low, suggesting underlying
strength in the economy at the start of the second quarter after
growth hit a soft patch in the first.

May 8, 2015

Wall Street jumps as investors laud jobs growth

By Noel Randewich

(Reuters) – U.S. stock indexes jumped more than 1 percent on Friday as strong jobs data indicated the U.S. economic growth was picking up momentum, but not enough to raise concerns about an earlier-than-expected interest-rate rise by the Federal Reserve.

U.S. job growth rebounded last month and the unemployment rate dropped to a near seven-year low, suggesting underlying strength in the economy at the start of the second quarter after growth hit a soft patch in the first.

    • About Noel

      "Based in Thomson Reuters' San Francisco news bureau, Noel Randewich covers the semiconductor industry and the growing use of microchips in everything from smartphones to home energy management. Prior to his San Francisco posting, Mr Randewich spent a decade covering emerging markets news in Mexico City."
    • Follow Noel