Rodrigo's Feed
Aug 27, 2015

BOJ’s Kuroda says China slowdown unlikely to hit Japan exports much

NEW YORK (Reuters) – China’s economic slowdown should not harm Japan’s exports very much in coming years, and falling oil prices will not stop the Bank of Japan from hitting its inflation target, BOJ Governor Haruhiko Kuroda said on Wednesday.

Kuroda, addressing a New York audience, said China’s economy is likely to slow further although he predicted growth in its gross domestic product (GDP) will remain at 6-7 percent this year and next.

Aug 26, 2015

Wall Street is for sale – but is it cheap?

NEW YORK (Reuters) – During more than a week of stock market sell-offs, investors have been exhorted to use declines to pick up bargains – and with a 7.7 percent drop on the S&P 500 since August 17, stocks have certainly gotten less expensive.

To determine how cheap they are, investment pros look at yields, earnings and more. By several of those metrics, the bottom line is this: U.S. stocks are not wildly expensive, but they are not the screaming bargains that might pull value-minded investors back into the market.

Aug 25, 2015

Wall Street’s slide unlikely to undermine support for U.S. stocks

NEW YORK (Reuters) – Wall Street’s selloff on Monday, sparked by a near-9 percent dive in Chinese shares, was a long-overdue correction that analysts said is unlikely to undermine support for U.S. stocks going forward.

“We are unlikely to be going into a bear market,” said Jason Ware, chief investment officer at Albion Financial Group, which manages about $1 billion for clients from Salt Lake City, Utah.

Aug 24, 2015

Wall St’s early slide points to selling climax, buyers jump in

NEW YORK, Aug 24 (Reuters) – Investors in U.S. stocks have
been arguing that a 10 percent decline of the S&P 500 was long
overdue and a missing link of a healthy market. The benchmark
index hasn’t had a by-the-book correction in about four years.

Then the correction came and went.

In a matter of five sessions, sentiment shifted dramatically
on Wall Street and seemed to climax early on a volatile Monday,
when the S&P fell as much as 12.5 percent from its record
intraday high set last May, and the Dow Jones industrial average
, fell 1,089 points shortly after the opening bell. Within
about 15 minutes, the Dow had retraced half of its plunge.

Aug 20, 2015

Wall St tumbles on global slowdown concern; Disney slumps

Aug 20 (Reuters) – The S&P 500 hit a more than six-month low
on Thursday, closing in negative territory for the year, on
concern a deceleration in the Chinese economy would translate
into slower global growth.

Consumer stocks led the decline on Wall Street with Disney
down 6 percent after a brokerage downgrade, while Apple fell 2
percent after a report that overall smartphone sales in China
fell in the second quarter.

Aug 20, 2015

Wall St sells off on global slowdown concern; Disney slumps

Aug 20 (Reuters) – The S&P 500 hit a five month low on
Thursday on concern a deceleration in the Chinese economy would
translate into slower global growth.

Consumer stocks led the decline on Wall Street with Disney
down nearly 6 percent after a brokerage downgrade, while Apple
slumped near 2 percent after a report that overall smartphone
sales in China fell in the second quarter for the first time.

Aug 19, 2015

Wall Street falls in volatile trading after Fed minutes

By Rodrigo Campos

(Reuters) – U.S. stocks fell in choppy trading on Wednesday as minutes from the latest Federal Reserve meeting highlighted concern over the state of the global economy, driving markets to question the likelihood that the Fed will raise rates next month.

The minutes showed policymakers continued to express broad concerns about lagging inflation and the weak world economy even as the U.S. job market improved further. Market expectations for a Fed hike in September fell from one in two to roughly one in three after the minutes were published.

Aug 19, 2015

Wall St down in volatile trading after Fed minutes

Aug 19 (Reuters) – U.S. stocks fell in choppy trading on
Wednesday as minutes from the July Federal Reserve meeting
confounded traders’ expectations of an interest rate hike.

Major indexes had fallen more than 1 percent in late morning
trading but the Nasdaq and Dow industrials briefly turned
positive after release of the Fed minutes.

Aug 18, 2015

Wal-Mart, materials shares drag Wall St lower

Aug 18 (Reuters) – U.S. stocks fell on Tuesday, with the S&P
500 trading in its tightest daily range in nearly a month,
weighed down by earnings-related selling in Wal-Mart and a drop
in commodity stocks on concerns about China’s economy.

Wal-Mart fell 3.4 percent to close at $69.48, its
lowest in nearly 2-1/2 years, after its profit missed estimates
and it cut its outlook.

Aug 17, 2015

Wall St up on housing data; Disney boosts media stocks

Aug 17 (Reuters) – U.S. stocks rose on Monday after strong
economic data boosted the housing sector and as investors bought
recently battered shares in biotech and media.

Housing stocks rose after data showed U.S. homebuilder
sentiment rose in August to its highest since a matching reading
almost a decade ago.

    • 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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