Rodrigo's Feed
Apr 16, 2014

Wall St up on Chinese and US data, Yellen comments

NEW YORK, April 16 (Reuters) – U.S. stocks rose for a third
straight session on Wednesday after data showed China’s economic
growth exceeded expectations and U.S. industrial production rose
for a second straight month.

Federal Reserve chair Janet Yellen, speaking in New York,
provided further support, re-affirming the Fed’s commitment to
keep interest rates low, even after ending its bond buying
program, as long as inflation remains under target and
unemployment elevated.

Apr 16, 2014

Wall St gains after Chinese data, Yahoo up on Alibaba

NEW YORK, April 16 (Reuters) – U.S. stocks rose for a third
straight session on Wednesday after China’s economic growth
exceeded expectations and Yahoo shares rallied on the strength
of revenue growth in Chinese e-commerce giant Alibaba, in which
it has a stake.

China, the world’s second-largest economy, grew at its
slowest pace in 18 months at the start of 2014, but the rise was
better than expected and showed some improvement in March.

Apr 16, 2014

Wall St. to rise after Chinese data, Yahoo up on Alibaba

NEW YORK (Reuters) – U.S. stocks were set to rise at the open on Wednesday after China’s economic growth exceeded expectations and Yahoo shares rallied on the strength of revenue growth in Chinese e-commerce giant Alibaba, in which it has a stake.

* China, the world’s second-largest economy, grew at its slowest pace in 18 months at the start of 2014, but the rise was better than expected and showed some improvement in March.

Apr 16, 2014

Biotech stocks rout beginning to reveal pockets of value

NEW YORK (Reuters) – Predicting when the bear market in biotech stocks will hit bottom is a hazardous prospect, but one gauge that factors in the rapid profit growth estimates for many of these companies suggests several are starting to look attractive.

The Nasdaq Biotech index , a primary victim of the meltdown in so-called momentum stocks, has dropped more than 20 percent from its record high in late February. In April alone, only around half a dozen of the 121 stocks in the index have managed to hold their heads above water.

Apr 14, 2014

Wall St rises on Citi earnings, data; eyes on Ukraine

NEW YORK, April 14 (Reuters) – U.S. stocks rebounded on
Monday, following a sharp selloff in the previous session, with
Citigroup’s earnings and retail sales lifting sentiment while
traders kept tabs on the possible escalation of hostilities in
Ukraine.

Citigroup shares led the financial sector higher after
the bank said its quarterly net profit rose because of a smaller
loss on its troubled assets. The stock rose 4.6 percent to
$47.78. The S&P financial index gained
0.8 percent.

Apr 14, 2014

Citi earnings, data lift Wall Street; eyes on Ukraine

NEW YORK, April 14 (Reuters) – U.S. stocks bounced back on
Monday, following a sharp selloff last session, with earnings
results from Citigroup and retail sales data lifting sentiment
while traders kept tabs on the possible escalation of
hostilities in Ukraine.

Financial stocks were among the largest gainers after Citi
said its quarterly net profit rose as a smaller loss on
its troubled assets made up for a drop in revenue and profit
from its core trading and lending businesses. Citi shares
added 4.4 percent to $47.69.

Apr 14, 2014

Wall Street to rise after Citi earnings, data; eyes on Ukraine

NEW YORK (Reuters) – Stocks were set to open higher on Monday, following a sharp selloff last session, with earnings results from Citigroup and retail sales data lifting sentiment while traders kept tabs on the possible escalation of hostilities in Ukraine.

* Equity futures took off after Citi said its quarterly net profit rose as a smaller loss on its troubled assets made up for a drop in revenue and profit from its core trading and lending businesses. Citi shares (C.N: Quote, Profile, Research, Stock Buzz) added 3.7 percent in premarket trading.

Apr 8, 2014

U.S. stock market may have stumbled, but signals still say ‘go’

By David Gaffen and Rodrigo Campos

(Reuters) – The last six weeks have been rough for investors who jumped into 2013′s big stock market winners like Netflix and Facebook, only to see their share prices crater.

For now, they have shifted money to other parts of the equities market, instead of retreating to safe-havens like cash, and concerns that there will be a full-scale retreat are muted. Despite the ugliness in sectors like biotech, down 20 percent from its high, the broad S&P 500 has lost just 3.2 percent.

Apr 3, 2014

Euro falls on ECB comments; stocks dip after US data

NEW YORK, April 3 (Reuters) – The euro fell on Thursday
after the European Central Bank pledged to use unconventional
measures if needed to battle low inflation, and a global gauge
of stocks dipped after touching a six-year high.

Brent crude rallied more than 1 percent, bouncing from a
five-month low, on doubts that a standoff in Libyan ports will
be resolved soon.

Apr 3, 2014

Euro slips on ECB comments, stocks fall

NEW YORK, April 3 (Reuters) – The euro fell on Thursday
after the European Central Bank pledged to use unconventional
measures if needed to battle low inflation, and a global gauge
of stocks dipped after touching a six-year high.

Brent crude rallied more than 1 percent, bouncing from a
five-month low, on doubts a standoff in Libyan ports will be
resolved soon.

    • 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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