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Oct 9, 2014

Energy shares extend recent decline

NEW YORK, Oct 9 (Reuters) – Energy shares were once against
the biggest losers of the day in morning trading on Thursday,
continuing a recent trend of weakness amid falling oil prices.

The S&P energy index fell 1.5 percent and was the
biggest decliner among the ten primary S&P 500 sectors. It has
fallen almost 14 percent from a record high in late June,
putting the sector well within correction territory, defined as
a 10 percent decline from a peak.

Oct 9, 2014

Wall St dips on growth concerns after massive rally

NEW YORK, Oct 9 (Reuters) – U.S. stocks edged lower on
Thursday as concerns over global growth spurred investors to
take profits following a massive advance in the previous
session.

While domestic news – including jobless claims data and
corporate earnings – was encouraging, investors continued a
recent trend of taking their trading cues from abroad.

Oct 9, 2014

Futures point to lower open on growth worries

NEW YORK, Oct 9 (Reuters) – U.S. stock index futures pointed
to a lower Wall Street open on Thursday, with earlier gains
erased as concerns about global growth spurred investors to take
profit following a massive advance in the previous session.

While domestic news, including jobless claims data and
corporate earnings, was encouraging, investors continued this
week’s trend of taking their trading cues from abroad.

Oct 9, 2014

Futures turn lower as global growth concerns weigh

NEW YORK, Oct 9 (Reuters) – U.S. stock index futures fell on
Thursday, erasing earlier gains, as concerns about global growth
spurred investors to take profit after a massive gain in the
previous session.

In the latest negative data point from Europe, German
exports dropped by 5.8 percent in August, their biggest fall
since the height of the global financial crisis in January 2009.
The data was the latest indication that Europe’s largest economy
was faltering amid broader weakness in the euro zone.

Oct 9, 2014

Results boost Alcoa, PepsiCo in premarket trading

NEW YORK, Oct 9 (Reuters) – Alcoa Inc and PepsiCo Inc
were among Thursday’s biggest premarket movers, with
both rallying on strong results.

Aluminum maker Alcoa jumped 1.6 percent to $16.32, a day
after its third-quarter earnings beat expectations on higher
aluminum prices and lower costs.

Oct 9, 2014

Futures up, may extend Wall Street’s biggest gain in a year

NEW YORK (Reuters) – U.S. stock index futures edged higher on Thursday, indicating the previous session’s massive rally could be extended amid relief over the Federal Reserve’s interest rate policy.

* Major indexes posted their biggest one-day jump of the year on Wednesday in a broad advance after the Federal Reserve reassured investors its first rate hike would come when economic data pointed to an economy that could grow without Fed stimulus, rather than on a specific schedule.

Oct 8, 2014

S&P 500 has best day in a year following Fed minutes

NEW YORK, Oct 8 (Reuters) – U.S. stocks soared on Wednesday,
with major indexes posting their biggest one-day jumps of 2014
after the Federal Reserve reassured investors that its first
interest rate hike would not come until it deemed the economy
could withstand it.

The day’s gains were broad and gains accelerated near the
end of the volatile session. While Wall Street fell in morning
trading, with the S&P briefly dipping under its 150-day moving
average, all ten primary sectors of the S&P ended higher and
only one closed with a gain of less than 1 percent.

Oct 8, 2014

Wall St jumps 1 pct after Fed minutes

NEW YORK, Oct 8 (Reuters) – U.S. stocks rallied 1 percent on
Wednesday, jumping in a volatile session after the Federal
Reserve reassured investors that the first interest rate hike
would not come before the economy could support it.

Shares were extremely volatile, with the S&P 500 moving
between a loss of 0.5 percent and a gain of 1.4 percent. The
afternoon’s gains were broad, with nine of the ten primary S&P
500 sectors higher on the day and seven up more than 1 percent.
The only sector to decline was telecom, which lost 0.4
percent. The group is considered a defensive play.

Oct 8, 2014

Wall St down for 3rd session on global growth concerns

NEW YORK, Oct 8 (Reuters) – U.S. stocks were lower for a
third straight session on Wednesday, with the S&P 500 briefly
dropping under a key technical level amid concerns over the pace
of global economic growth.

China’s services sector growth weakened slightly in
September as new business cooled in the world’s second-largest
economy. That follows weak industrial data out of Germany, the
euro zone’s growth engine.

Oct 8, 2014

Fewer companies to beat Q3 revenue expectations-Barclays

NEW YORK, Oct 8 (Reuters) – The U.S. dollar index
rose on Wednesday, continuing a recent rally that has taken it
to four-year highs and contributed to an environment where fewer
companies are expected to top third-quarter revenue
expectations, Barclays wrote.

The index rose 0.1 percent against a basket of currencies.
While it is down about 1.1 percent thus far this week, that
comes after a 12-week string of advances.