Rodrigo's Feed
Jul 24, 2015

Wall Street slides to end rough week on macro, earnings concerns

By Rodrigo Campos

(Reuters) – The S&P 500 and Nasdaq posted their largest weekly drops since March on Friday as slowing global growth dragged commodity-related stocks lower while an earnings-fueled drop in Biogen took down the biotech sector.

Biogen (BIIB.O: Quote, Profile, Research, Stock Buzz) more than halved its revenue growth forecast for 2015 and its stock lost 22 percent to close just above $300.

Jul 23, 2015

Investors rethink stock valuations as China, growth weigh on prospects

NEW YORK (Reuters) – Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) disappointing earnings matter to more than just the investors who hold its shares.

With the iPhone maker among just a handful of companies accounting for more than half of the U.S. stock market’s gains this year, some fund managers and analysts are concerned that the long bull market, which has pushed the S&P 500 index .SPX up almost 50 percent in less than three years, is starting to wane.

Jul 21, 2015

Apple adds to stocks’ slump; dollar slips

NEW YORK, July 21 (Reuters) – Weak earnings dragged stocks
lower on Tuesday and Apple’s results weighed U.S. futures
further, while a slip in the dollar helped oil and gold cap a
string of losing sessions.

Stocks on Wall Street fell, with results from bellwethers
IBM and United Technologies weighing the most on the S&P 500,
while Apple slumped 7 percent late after posting earnings. U.S.
equity futures extended losses, pointing to a weaker open on
Wednesday.

Jul 21, 2015

Commodity rout halts as dollar weakens; global stocks fall

NEW YORK (Reuters) – Commodity prices stabilized on Tuesday after a recent rout as the U.S. dollar slipped from a three-month high, while earnings hurt U.S. stocks and helped drag a gauge of major global equities markets lower.

Spot gold prices halted a plunge of nearly 6 percent in the past six days. U.S. crude oil futures rose after falling under $50 a barrel while Brent remained towards the bottom of its $55-$60 a barrel range, near its lowest since early April.

Jul 21, 2015

Oil, gold up as dollar weakens; stocks fall

NEW YORK, July 21 (Reuters) – Crude oil edged higher and
gold prices rose on Tuesday on the back of a softer U.S. dollar,
while earnings hurt Wall Street and helped drag a gauge of major
global stock markets lower.

Spot gold prices halted a plunge of nearly 6 percent in the
past six days, after hitting a five-year low on Monday as
investors dumped inflation hedges. A stronger U.S. dollar and
Greece looking to seal a bailout deal added to the bearish
catalysts for the metal.

Jul 21, 2015

Commodity rout halts as dollar weakens; stocks fall

NEW YORK (Reuters) – Commodity prices stabilized on Tuesday after a recent rout as the U.S. dollar slipped from a three-month high, while earnings hurt U.S. stocks and helped drag a gauge of major global equities markets lower.

Spot gold prices halted a plunge of nearly 6 percent in the past six days. U.S. crude oil futures rose after falling under $50 a barrel while Brent remained towards the bottom of its $55-$60 a barrel range, near its lowest since early April.

Jul 16, 2015

TECO Energy contemplates sale, shares jump

NEW YORK (Reuters) – TECO Energy (TE.N: Quote, Profile, Research, Stock Buzz) shares hit a six-month high in Thursday trading after the company said it is “exploring strategic alternatives.”

TECO published a statement after news that it was putting itself up for sale was reported by industry news website SparkSpread.

Jul 11, 2015

High valuations weigh on U.S. stocks ahead of earnings

NEW YORK (Reuters) – As companies in the benchmark Standard & Poor’s 500 begin to release lackluster second quarter results, rich valuations threaten to keep the U.S. stock market spinning in place.

At 16.5 times forward estimates, the S&P 500, up less than 2 percent for the year to date through midday Friday, is about 10 percent more expensive than its historic average of 15, according to Thomson Reuters estimates. While still well below the 24.5 ratio at the height of the dot-com era bubble in 1999, the price to earnings multiple recently hit its highest level since 2004.

Jul 10, 2015

Wall St Week Ahead-High valuations weigh on US stocks ahead of earnings

NEW YORK, July 10 (Reuters) – As companies in the benchmark
Standard & Poor’s 500 begin to release lackluster second quarter
results, rich valuations threaten to keep the U.S. stock market
spinning in place.

At 16.5 times forward estimates, the S&P 500, up less than 2
percent for the year to date through midday Friday, is about 10
percent more expensive than its historic average of 15,
according to Thomson Reuters estimates. While still well below
the 24.5 ratio at the height of the dot-com era bubble in 1999,
the price to earnings multiple recently hit its highest level
since 2004.

Jul 7, 2015

U.S.-traded Chinese stocks fall with local market

NEW YORK (Reuters) – The slump in China’s stock markets continued to spill over into U.S. exchanges on Tuesday with a measure of Chinese stocks traded on Wall Street hitting its lowest in 13 months.

The Bank of New York Mellon index of Chinese ADRs fell as much as 6.1 percent on Tuesday in what would have been its largest daily drop since August 2011. The index ended down 2.8 percent as the U.S. benchmark S&P 500 .SPX rallied in the afternoon to close 0.6 percent higher.

    • 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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