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Nov 21, 2014

Wall St up on China, ECB stimuli but off highs

NEW YORK, Nov 21 (Reuters) – U.S. stocks rose on Friday,
setting up a fifth consecutive week of gains on Wall Street,
after China’s central bank cut its benchmark interest rate and
its euro zone peer announced asset purchases in efforts to boost
each region’s economy.

The broad move higher lost some steam in late morning
trading with fewer than four NYSE stocks rising for each one
falling. Earlier, the ratio was almost seven-to-one.

Nov 21, 2014

Wall St rallies on China, ECB stimuli

NEW YORK, Nov 21 (Reuters) – U.S. stocks rallied on Friday,
setting up a fifth consecutive week of gains on Wall Street,
after China’s central bank cut its benchmark interest rate and
its euro zone peer announced asset purchases in efforts to boost
each region’s economy.

The move higher was broad with nine of the top S&P 500
sectors higher and more than six NYSE stocks rising for each one
falling.

Nov 21, 2014

Wall St set to open higher on China rate cut, ECB hopes

NEW YORK, Nov 21 (Reuters) – Wall Street was poised to open
higher on Friday, setting major stock indexes up for a fifth
week of gains, after China’s central bank cut its benchmark
interest rate for the first time in more than two years to boost
its cooling economy.

The People’s Bank of China said it was cutting one-year
benchmark lending rates by 40 basis points to 5.6 percent. It
lowered one-year benchmark deposit rates by less – just 25 basis
points. The changes take effect from Saturday.

Nov 21, 2014

Futures rise on China’s rate cut, ECB hopes

NEW YORK (Reuters) – U.S. stock index futures rose on Friday, setting major indexes up for a fifth week of gains, after China’s central bank cut its benchmark interest rate for the first time in more than two years to boost its cooling economy.

* The People’s Bank of China said it was cutting one-year benchmark lending rates by 40 basis points to 5.6 percent. It lowered one-year benchmark deposit rates by less – just 25 basis points. The changes take effect from Saturday.

Nov 20, 2014

Wall St ticks up as U.S. data offset global growth worries

NEW YORK, Nov 20 (Reuters) – U.S. stocks climbed on Thursday
as strong U.S. data offset concerns over a slowdown in the euro
zone and a loss of momentum in Chinese factories.

Stock indexes rose as data showed factory activity in the
U.S. mid-Atlantic region grew at its fastest pace in two
decades, U.S. home resales jumped to their highest in more than
a year in October, and a gauge of future U.S. economic activity
gained more than expected last month.

Nov 20, 2014

Wall St to slip at open on global growth worries

NEW YORK, Nov 20 (Reuters) – U.S. stocks were set to open
lower on Thursday amid concerns over global growth following
weak business data out of the euro zone and a loss of momentum
in Chinese factories.

Euro zone business is growing at a slower pace than any
forecaster expected this month and new orders have fallen for
the first time in more than a year, while output in China’s
factory sector contracted for the first time in six months.

Nov 20, 2014

Futures drop as weak China, Europe data spurs growth worries

NEW YORK (Reuters) – U.S. stock index futures fell on Thursday as concerns over global growth reemerged after weak business data out of the euro zone and a loss of momentum in Chinese factories.

* Euro zone business is growing at a slower pace than any forecaster expected this month and new orders have fallen for the first time in more than a year, despite price cuts. [ID:nL9N0S103W]

Nov 19, 2014

Wall St retreats from record with eyes on Fed minutes

NEW YORK, Nov 19 (Reuters) – U.S. stocks fell on Wednesday,
following record closing highs on the S&P 500 and Dow in the
previous session, ahead of minutes from the most recent Federal
Reserve policy meeting.

The Fed is set to publish minutes from the Federal Open
Market Committee’s October policy meeting at 2:00 p.m. EST (1900
GMT). They are expected to show the Fed’s path is diverging from
other major central banks that are increasing stimulus. This
view has helped strengthen the U.S. dollar, weighing on crude
oil and other commodity prices.

Nov 19, 2014

Wall St dips after record with eyes on Fed minutes

NEW YORK, Nov 19 (Reuters) – U.S. stocks fell on Wednesday,
following record closing highs on the S&P 500 and Dow in the
previous session, ahead of minutes from the most recent Federal
Reserve policy meeting.

The Fed is set to publish minutes from the Federal Open
Market Committee’s October policy meeting at 2:00 p.m. EST (1900
GMT). They are expected to show the Fed’s path is diverging from
other major central banks that are increasing their stimulus
programs. This view has helped strengthen the U.S. dollar,
weighing on crude oil and other commodity prices.

Nov 19, 2014

Wall Street to dip at open, Fed minutes eyed

NEW YORK (Reuters) – U.S. stocks were set to open slightly lower on Wednesday following record closing highs for both the Dow and S&P 500 and ahead of minutes from the most recent Federal Reserve policy meeting.

U.S. housing starts unexpectedly fell in October but a jump in permits to near a 6-1/2-year high suggested the housing market was steadily regaining strength.

    • About Rodrigo

      "Rodrigo is the Team Leader of the U.S. Equity Markets beat, specializing in market trends and technical analysis. He joined the corporate debt team at Reuters soon after receiving his MS degree from Columbia University's Graduate School of Journalism in 2006. Born and raised in Bogotá, he's fluent in Spanish."
      Joined Reuters:
      06/23/2006
      Languages:
      English, Spanish
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