Noel's Feed
Jul 14, 2015

Short sellers curb Intel bets ahead of second quarter results; tone cautious

SAN FRANCISCO (Reuters) – Wall Street expects bad news when Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) reports its second-quarter results on Wednesday although a few short sellers appear to believe the worst is over for the chipmaker’s recently sinking stock.

Signs of weak demand for personal computers have taken a toll on the shares of Intel ahead of its quarterly report due after the market’s close, with Wall Street expecting a year-over-year dip in quarterly revenue for the first time since 2013.

Jul 13, 2015

Wall Street rallies on Greek deal; tech stocks jump

July 13 (Reuters) – U.S. stocks finished sharply higher on
Monday, with the Dow Jones industrial average re-emerging in
positive territory for the year, after euro zone leaders reached
a tentative deal to bail out Greece.

The improved European picture led to best three-day run this
year for the S&P 500 and Nasdaq Composite.

Jul 13, 2015

Wall Street surges on Greek deal; tech stocks rally

July 13 (Reuters) – U.S. stocks surged on Monday, with the
Dow Jones industrial average re-emerging in positive territory
for the year after euro zone leaders reached a tentative deal to
bail out Greece.

The improved picture in Europe also put the Nasdaq composite
on track for its best three-day run in 2015, while the S&P 500
headed for its best three-day run in five months.

Jul 9, 2015

China relief fuels Wall St. gains; Apple drops

By Noel Randewich

(Reuters) – U.S. stocks closed higher on Thursday after Wall Street found relief in Beijing’s efforts to halt a rout in Chinese stocks, which lifted markets around the world.

Shares of Apple bucked the market and logged their first five-day losing streak since January as investors worried that consumers in China might have less money to spend on iPhones.

Jul 9, 2015

China fears propel Apple shares toward five-day losing streak

SAN FRANCISCO (Reuters) – Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) stock was heading toward its first five-session losing streak since January on Thursday as investors worried about the economic health of China, a key market for iPhones.

Apple shares were down 2 percent at $120.15 in afternoon trade and have lost about 4 percent since July 1.

Jul 8, 2015

Wall St sharply lower on China fears; NYSE suffers outage

July 8 (Reuters) – U.S. stocks ended sharply lower on
Wednesday as market turmoil in China eclipsed Greece’s debt
crisis, while the New York Stock Exchange suffered a major
outage.

Fears that a rout in Chinese stocks could seriously harm the
country’s economy and spread beyond its borders pushed the S&P
500 below its 200-day moving average for the first time since
October and into negative territory for 2015.

Jul 8, 2015

Wall St lower on China fears; NYSE back to business

July 8 (Reuters) – U.S. stocks fell more than 1 percent in
afternoon trading on Wednesday as market turmoil in China
eclipsed Greece’s debt crisis, while trading on the New York
Stock Exchange resumed after a three-hour halt.

Wall Street maintained its losses after the release of
minutes of a June Federal Reserve policy meeting in which
officials cited Greece’s debt crisis as a serious concern and
said they needed to see more signs of a strengthening U.S.
economy before raising interest rates.

Jul 8, 2015

Wall St. lower after Fed minutes; NYSE suspension continues

By Noel Randewich

(Reuters) – U.S. stocks fell more than 1 percent in afternoon trading on Wednesday due to financial turmoil in China and Greece, while a trading suspension across the New York Stock Exchange entered its fourth hour.

Wall Street deepened its losses after the release of minutes of a June Federal Reserve policy meeting in which officials cited Greece’s debt crisis as a serious concern and said they needed to see more signs of a strengthening U.S. economy before raising interest rates.

Jul 7, 2015

Wall Street ends stronger after volatile session

July 7 (Reuters) – U.S. stocks ended higher after a choppy
session on Tuesday, as a rebound in U.S. oil prices helped
offset concerns about a slowdown in China and the Greek debt
crisis.

The S&P energy index reversed course to trade up 0.9
percent as U.S. crude oil rose 0.7 percent after trading
as much as 3.7 percent lower earlier in the day.

Jul 7, 2015

Wall St rebounds from losses as oil prices move up

July 7 (Reuters) – U.S. stocks reversed early losses and
moved higher in choppy trade on Tuesday, as a rebound in U.S.
oil prices offset concerns of a slowdown in China and the Greek
debt crisis.

The S&P energy index reversed course to trade up
1.13 percent as U.S. crude rose 0.7 percent after trading
as much as 3.7 percent lower earlier in the day.

    • 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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