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Aug 10, 2015

China and Buffett fuel Wall St rally, oil rebounds

SAN FRANCISCO, Aug 10 (Reuters) – Wall Street surged on
Monday after a $37.2 billion deal by Warren Buffett’s Berkshire
Hathaway and weak Chinese data that boosted hopes for fresh
stimulus in the world’s No. 2 economy, while oil jumped almost 4
percent.

All three major U.S. stock indices finished more than 1
percent higher after Berkshire Hathaway agreed to buy Precision
Castparts, showing investors the M&A boom was alive and well.

Aug 10, 2015

China and Buffett boost rally on Wall St, oil jumps

SAN FRANCISCO, Aug 10 (Reuters) – Wall Street surged Monday
following a multi-billion-dollar deal by Warren Buffett’s
Berkshire Hathaway that raised optimism over mergers and
acquisitions, and weak Chinese data that boosted hopes for fresh
stimulus in the world’s No. 2 economy.

Crude oil prices jumped as much as 3 percent after a rally
in U.S. gasoline and diesel due to a refinery outage helped
crude futures rebound from multi-month lows earlier in the
session.

Aug 10, 2015

China and Buffett fuel Wall St. rally, dollar steady

SAN FRANCISCO (Reuters) – Wall Street rallied on Monday after a major M&A deal and on weak data out of China that boosted hopes for fresh stimulus from Beijing, while expectations of a U.S. interest rate hike kept the dollar near a four-month high.

All three major U.S. stock indices at one point were over 1 percent higher after a $37.2 billion deal by Warren Buffett’s Berkshire Hathaway to buy Precision Castparts showed the M&A boom was alive and well.

Aug 7, 2015

Wall St drops as jobs report augurs for September rate hike

Aug 7 (Reuters) – U.S. stocks ended lower on Friday after
solid job growth data for July pried the door open a little
wider for a potential interest rate hike by the Federal Reserve
in September.

Wall Street took the latest signs of an improving economy as
a fresh reason to sell shares in a market that has remained
range-bound for much of 2015 in anticipation of the Fed’s first
rate hike in nearly 10 years.

Aug 7, 2015

Wall St falls as rosy jobs growth points to September rate hike

Aug 7 (Reuters) – U.S. stocks dropped on Friday after solid
job growth data for July pried the door open a little wider for
a potential interest rate hike by the Federal Reserve in
September.

Wall Street took the latest signs of an improving economy as
a fresh reason to sell shares in a market that has remained
range-bound for much of 2015 in anticipation of the Fed’s first
interest rate hike in nearly ten years.

Aug 7, 2015

In ‘Wild West’ of after-hours trading, some find profit, others pain

SAN FRANCISCO (Reuters) – Medical student Syed Shah loves to trade tech stocks when most on Wall Street have called it a day.

In what many professional investors view as an inhospitable trading landscape starved of liquidity and fraught with dramatic price swings, Shah and others see buying stocks outside of normal trading hours as a chance to get in early on those swings after popular companies such as Facebook (FB.O: Quote, Profile, Research, Stock Buzz) and Chipotle Mexican Grill (CMG.N: Quote, Profile, Research, Stock Buzz) post quarterly reports.

Aug 7, 2015

In ‘Wild West’ of after-hours trading, some find profit, others pain

SAN FRANCISCO, Aug 7 (Reuters) – Medical student Syed Shah
loves to trade tech stocks when most on Wall Street have called
it a day.

In what many professional investors view as an inhospitable
trading landscape starved of liquidity and fraught with dramatic
price swings, Shah and others see buying stocks outside of
normal trading hours as a chance to get in early on those swings
after popular companies such as Facebook and Chipotle
Mexican Grill post quarterly reports.

Aug 6, 2015

Media stock selloff leaves Wall Street bruised

Aug 6 (Reuters) – Wall Street ended sharply lower on
Thursday as weak earnings reports from media companies stirred
fears that more viewers are ditching cable TV, dragging the
sector to its worst two-day loss since the financial crisis.

The selloff was compounded by nervousness ahead of key jobs
data on Friday that could provide clues about the timing of the
first Federal Reserve interest rate hike in almost a decade.

Aug 6, 2015

Wall Street slumps as media stocks hemorrhage

By Noel Randewich

(Reuters) – Wall Street slumped on Thursday as weak earnings reports from media companies raised fears that more viewers are ditching cable TV, dragging the sector to its worst two-day loss since the financial crisis.

The selloff was compounded by nervousness ahead of key jobs data on Friday that could provide clues about the timing of the first Federal Reserve interest rate hike in almost a decade.

Aug 4, 2015

Wall Street moves lower on Apple, interest rate worries

Aug 4 (Reuters) – Wall Street ended lower on Tuesday for a
third straight session as investors worried about a rise in
interest rates while Apple’s shares hit their lowest in over six
months.

The iPhone maker’s shares fell 3.21 percent to $114.64,
firmly below their 200-day daily moving average, a key technical
level closely watched by traders. The stock was the biggest drag
on the three major U.S. indexes.

    • 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."
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