Rodrigo's Feed
Jul 29, 2014

Wall St flat as telecom gains offset by earnings

NEW YORK, July 29 (Reuters) – U.S. stocks were little
changed on Tuesday after a rally in the telecommunications
sector lost steam and a lower earnings forecast from UPS weighed
on sentiment.

Windstream Holdings jumped 12.8 percent to $11.88 in
its busiest trading day on record after the company filed to
spin off assets into a tax-efficient publicly-traded real estate
investment trust.

Jul 29, 2014

Wall Street gains, telecoms sector lifted by Windstream

NEW YORK (Reuters) – U.S. stocks rose Tuesday on news about a spinoff in the telecommunications sphere that sent most stocks in the sector soaring and on better-than-expected results from Pfizer and Merck.

Windstream Holdings (WIN.O: Quote, Profile, Research, Stock Buzz) jumped 18.2 percent to $12.45 in its most brisk trading on record after the company filed to spin off assets into a tax-efficient publicly-traded real estate investment trust.

Jul 29, 2014

Wall Street to rise on earnings, data weighs

NEW YORK (Reuters) – U.S. stocks were set to rise slightly at the open on Tuesday following better-than-expected results from companies such as Pfizer and Merck and ahead of data on consumer sentiment.

Merck (MRK.N: Quote, Profile, Research, Stock Buzz) reported better-than-expected quarterly results as new drugs offset declining sales of ones facing generic competition. Pfizer’s (PFE.N: Quote, Profile, Research, Stock Buzz) higher-than-expected second-quarter earnings were helped by growing sales of its cancer medicines. Merck was up 1 percent in premarket, while Pfizer gained 0.6 percent.

Jul 28, 2014

Cynk shares fall below $1; traders see further decline

NEW YORK (Reuters) – Cynk Technologies, which was briefly worth billions of dollars last month, saw its shares fall below $1 on Monday, and traders say it is only a matter of time before the stock is once again worth next-to-nothing.

Cynk became a big market story as trading volumes soared and the company was briefly valued at more than $6 billion despite having no revenue and being described as “development stage.”

Jul 25, 2014

Wall Street weighed by results as Amazon, Visa disappoint

NEW YORK, July 25 (Reuters) – Disappointing earnings from
Amazon and Visa dragged U.S. stocks lower in afternoon trading
on Friday in a broad selloff led by consumer discretionary
shares.

Amazon tumbled 10.3 percent to $320.70 after reporting an
unexpectedly big loss for the second quarter, citing greater
expenses on investments. With more than 7 million shares
changing hands in the first 45 minutes of trading, volume was
already above the average for the past 10 days.

Jul 25, 2014

Cynk Tech shares crash after trading suspension lifted

NEW YORK (Reuters) – Cynk Technology (CYNK.PK: Quote, Profile, Research, Stock Buzz) shares plummeted more than 80 percent on Friday after the end of a temporary trading suspension, but the stock was only being exchanged in private deals.

In mid-morning trading, Cynk was down 82 percent at $2.50 as 255,000 shares changed hands.

Jul 25, 2014

Amazon, Visa results disappoint, drag on Wall Street

NEW YORK, July 25 (Reuters) – Disappointing earnings from
Amazon and Visa dragged U.S. stocks lower on Friday in a broad
selloff led by consumer discretionary shares.

Amazon tumbled 10.7 percent to $320.11 after reporting an
unexpectedly big loss for the second quarter, citing greater
expenses on investments. With more than 7 million shares traded
in the first 45 minutes of action, volume was already above the
average for the past 10 days.

Jul 25, 2014

Wall St. set to dip at open, Amazon weighs

NEW YORK (Reuters) – U.S. stocks were set to dip at the open on Friday, weighed by weak results including those from Amazon, with the S&P 500 expected to remain near its record high and within striking distance of 2,000.

Amazon shares tumbled more than 10 percent in premarket trading after investment in new businesses cut into earnings and the company reported a much larger-than-expected loss in the second quarter.

Jul 24, 2014

Results, jobs data buoy Wall St, S&P eyes 2,000

NEW YORK, July 24 (Reuters) – The S&P 500 hit a record high
for a third straight session on Thursday, lifted by jobs data
and earnings, but a weak reading in new home sales kept other
key stock indexes little changed.

Stocks had opened higher on strong job market data in the
United States and overseas factory readings, while Facebook
shares rallied after results beat expectations.

Jul 24, 2014

Wall Street to open up, lifted by earnings, data

NEW YORK (Reuters) – U.S. stock index futures rose on Thursday, following a record close on the S&P 500 index, lifted by strong job market data in the United States and overseas factory readings, while better than forecast results sent Facebook shares rallying.

Weekly applications for unemployment insurance fell to 284,000 in the latest week, the lowest reading since mid-February 2006, pointing to continued strength in the labor market.

    • 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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