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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.

May 4, 2015

Wall Street ends on upbeat earnings from Berkshire, Cognizant

May 4 (Reuters) – Wall Street ended higher on Monday as
corporate earnings came in better than feared, although shares
of McDonald’s declined after the fast-food chain’s turnaround
plan left investors wanting more.

Berkshire Hathaway Inc rose 1.62 percent,
giving the biggest boost to the S&P 500 after the insurance and
investment conglomerate’s results beat forecasts.

May 4, 2015

Wall St higher as Berkshire leads finance stocks

May 4 (Reuters) – Wall Street rose on Monday afternoon as
Berkshire Hathaway led finance stocks higher, while shares of
McDonald’s declined after the fast-food chain’s turnaround plan
failed to satiate investors.

Berkshire rose 1.8 percent, giving the
biggest boost to the S&P 500 after the insurance and investment
conglomerate’s results beat forecasts.

Apr 24, 2015

Tech triumvirate propels Nasdaq, S&P to record highs

April 24 (Reuters) – The Nasdaq Composite and S&P 500
chalked up record high closes on Friday, propelled by strong
results from tech behemoths Google, Amazon and Microsoft.

The Nasdaq Composite added 0.71 percent to end at 5,092.09,
its second straight record high close. The S&P 500 rose 0.23
percent to a record high close of 2,117.69 points, barely above
its previous high of 2,117.39 set on March 2.

Apr 24, 2015

Nasdaq hits 15-year high, propelled by tech triumvirate

April 24 (Reuters) – The Nasdaq Composite hit a 15-year
intraday high on Friday afternoon, propelled by strong results
from tech behemoths Google, Amazon and Microsoft.

The S&P 500 also hit a record intraday high for a second
straight day.

Amazon surged 15 percent to a lifetime high after
its revenue beat estimates.

Google gained 3.6 percent after reporting higher
quarterly results while Microsoft jumped 9.4 percent
after it topped estimates.

Apr 22, 2015

Some Apple Watch buyers to get shipments sooner than expected

SAN FRANCISCO, April 22 (Reuters) – Some Apple Watch buyers
who thought they would have to wait until June to receive their
new gadgets will get them sooner, Apple Inc said on
Wednesday.

When online preorders for Apple’s first smartwatch started
on April 10, many customers were surprised to see delivery times
as far out as June instead of on April 24, when the devices
officially go on sale.

Apr 22, 2015

Stocks end stronger as investors look beyond mixed earnings

April 22 (Reuters) – U.S. stocks ended stronger on Wednesday
as Visa’s potential expansion into China and talk of a
turnaround at McDonald’s helped investors look beyond a mixed
bag of quarterly earnings.

All of the 10 major S&P 500 sectors rose, with the tech
index gaining 1.09 percent, propelled by Visa and
MasterCard.

    • 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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