Noel's Feed
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.

May 7, 2015

Wall Street ends stronger as global debt worries fade

May 7 (Reuters) – U.S. stocks ended higher on Thursday,
helped by a jump in tech stocks and a reversal in surging global
interest rates.

Strong quarterly results from Alibaba as well as speculation
that consumer review website Yelp.com could be for sale drove
technology stocks higher, with the S&P tech index up
0.87 percent.

May 7, 2015

Wall Street climbs as global debt worries recede

By Noel Randewich

(Reuters) – U.S. stocks moved higher on Thursday afternoon, helped by a jump in tech stocks and a reversal in surging global interest rates.

Strong quarterly results from Alibaba as well as speculation that consumer review website Yelp.com could be for sale drove technology stocks higher, with the S&P tech index .SPLRCT up 0.87 percent.

May 6, 2015

Wall St ends lower on global bond rout, Yellen warning

May 6 (Reuters) – U.S. stocks ended weaker on Wednesday
after U.S. Federal Reserve Chair Janet Yellen warned of high
valuations, adding to anxiety about future interest rates and a
global bond rout.

The S&P 500 ended at a low not seen since early April after
Yellen said high equity valuations could pose dangers, although
she also said she does not see any bubbles forming.

May 6, 2015

Yellen warning, interest rate anxiety send Wall St lower

May 6 (Reuters) – U.S. stocks added to losses on Wednesday
afternoon and the Dow sank into negative territory for 2015
after U.S. Federal Reserve Chair Janet Yellen warned of high
valuations, adding to anxiety about future interest rates and a
global bond rout.

The S&P 500 dipped to its lowest since early April after
Yellen said high equity valuations could pose dangers, although
she also said she does not see any bubbles forming.

May 6, 2015

Yellen warning, bond anxiety send Wall Street lower

May 6 (Reuters) – U.S. stocks traded lower on Wednesday
afternoon after U.S. Federal Reserve Chair Janet Yellen warned
of high valuations, adding to anxiety about a global bond rout
and upcoming economic data.

The S&P 500 dipped to its lowest since mid-April after
Yellen said high equity valuations could pose dangers, although
she also said she does not see any bubbles forming.

May 5, 2015

Wall St ends lower on weak trade data; investors eye Fed

May 5 (Reuters) – U.S. stocks finished sharply lower on
Tuesday after a surprisingly wide March U.S. trade deficit
raised concerns that the economy shrank in the first quarter.

The $51.4 billion March deficit was the highest in nearly
6-1/2 years and larger than the $45.2 billion the government
assumed in its snapshot of first-quarter gross domestic product
last week, suggesting the economy had contracted.

May 5, 2015

Wall St stumbles on weak trade data; investors eye Fed

May 5 (Reuters) – U.S. stocks sagged in afternoon trading on
Tuesday after a surprisingly wide March U.S. trade deficit
suggested that the economy contracted in the first quarter.

Despite a rally of more than 2 percent in oil, energy
stocks were stung for a second day by criticism of fracking
companies by David Einhorn, the influential head of hedge fund
Greenlight Capital.

May 5, 2015

Fancy fast food shares surge in US as Shake Shack draws shorts

SAN FRANCISCO (Reuters) – Investors seem willing to pay just about anything for a better burger.

Half a dozen food chains have held piping-hot stock market debuts in the past year to meet a growing appetite for “fast-casual” restaurants catering to younger and more affluent diners willing to pay more for fresher, higher quality fare than they expect to find at traditional fast food places like McDonald’s.

May 5, 2015

Analysis – Fancy fast food shares surge in U.S. as Shake Shack draws shorts

SAN FRANCISCO (Reuters) – Investors seem willing to pay just about anything for a better burger.

Half a dozen food chains have held piping-hot stock market debuts in the past year to meet a growing appetite for “fast-casual” restaurants catering to younger and more affluent diners willing to pay more for fresher, higher quality fare than they expect to find at traditional fast food places like McDonald’s.

    • 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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