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Jul 25, 2014

Wall St falls on Amazon, Visa results

NEW YORK, July 25 (Reuters) – U.S. stocks fell on Friday in
a broad consumer discretionary-led selloff after Visa and
Amazon, a pair of closely watched bellwether names, reported
disappointing results.

Earnings season has largely come in better than expected,
with more companies than usual beating analyst expectations for
both profits and revenue. However, there have been high-profile
disappointments including Boeing Co and Caterpillar Inc
earlier this week.

Jul 24, 2014

Wall St ends flat on mixed earnings; S&P 500 at record

NEW YORK, July 24 (Reuters) – U.S. stocks finished a quiet
session mostly flat on Thursday as earnings painted a mixed
picture of the economy, though the S&P 500 set another record
closing high.

The latest economic data failed to impress buyers. U.S.
claims for initial jobless benefits fell to a seasonally
adjusted 284,000, the lowest since mid-February 2006. New home
sales declined 8.1 percent in June, the biggest drop in almost a
year. The PHLX housing sector index lost 2.7 percent,
marking its biggest one-day drop since February.

Jul 24, 2014

Wall St finishes flat on mixed earnings; S&P at record

NEW YORK, July 24 (Reuters) – U.S. stocks ended a quiet
session on Thursday as earnings painted a mixed picture of the
economy, though the S&P 500 set another record closing high.

The latest economic data failed to entice buyers. U.S.
claims for initial jobless benefits fell to a seasonally
adjusted 284,000, the lowest since mid-February 2006. New home
sales declined 8.1 percent in June, the biggest drop in almost a
year. The PHLX housing sector index lost 2.7 percent,
marking its biggest one-day drop since February.

Jul 24, 2014

Wall St flat as Caterpillar offsets Facebook

NEW YORK, July 24 (Reuters) – U.S. stocks barely budged on
Thursday as corporate earnings painted a mixed picture of the
economy, though the S&P 500 eked out a record intraday high for
the third straight session.

The latest economic data also failed to entice buyers. While
jobless claims dropped to the lowest since mid-February 2006,
new home sales fell 8.1 percent in June, the biggest decline in
almost a year. The PHLX housing sector index slid 2.7
percent in its biggest one-day drop since February.

Jul 23, 2014

Apple pushes S&P 500 to record close; Boeing hits Dow

NEW YORK, July 23 (Reuters) – U.S. stocks ended mostly
higher on Wednesday, with the S&P 500 closing at a record on
Apple’s bullish results, though Boeing weighed on the Dow and
conflicts in Ukraine and the Gaza Strip kept the broader
market’s gains in check.

Biotech stocks ranked among the day’s biggest gainers,
boosted by some strong results and drug trial data. The Nasdaq
Biotech index jumped 2.2 percent in its fourth straight
day of gains.

Jul 23, 2014

Wall St. mostly gains on earnings; biotechs rally

NEW YORK (Reuters) – Stocks were largely higher on Wednesday, with the S&P 500 hitting another record high after bullish results from tech giants Apple and Microsoft, though technical resistance and conflicts in Ukraine and the Gaza Strip kept gains in check.

Biotech stocks were among the biggest gainers of the day, boosted by some strong results and drug trial data. The Nasdaq Biotech index jumped 1.9 percent in its fourth straight day of gains.

Jul 22, 2014

Wall St gains on earnings, data; conflicts still eyed

NEW YORK, July 22 (Reuters) – U.S. stocks rose on Tuesday as
some positive earnings and economic data pointed to a market
that still had room to rise despite the S&P 500 hitting an
intraday record.

Investors continued to pay close attention to unstable
regions abroad, and while violence persisted in the Gaza Strip,
hopes rose for an easing of tension in Ukraine.

Jul 22, 2014

Wall Street rejects Ackman’s Herbalife ‘death blow’

NEW YORK (Reuters) – Billionaire investor William Ackman’s latest volley of accusations against Herbalife fell flat on Wall Street on Tuesday, with shares in the nutrition company soaring more than 17 percent.

Ackman, whose hedge fund Pershing Square Capital Management placed a $1 billion bet that Herbalife will go bust under regulatory scrutiny, told a conference of investors in New York that the firm’s recruiting methods violate U.S. labor laws by employing drinks makers and babysitters without pay.

Jul 22, 2014

Herbalife shares rally during Ackman presentation

NEW YORK, July 22 (Reuters) – Billionaire investor William
Ackman fired another volley on Tuesday in his 19-month-long war
against Herbalife, this time taking aim at the company’s use of
nutrition clubs for recruiting, claiming they violate U.S. labor
laws.

Shares of Herbalife Ltd rose more than 6 percent
during the presentation in heavy volume, recovering about half
of losses made Monday after Ackman told CNBC that he would
expose the $5.3 billion company as an “incredible fraud”.

Jul 21, 2014

Wall St finishes slightly lower; Chipotle rises late

NEW YORK, July 21 (Reuters) – U.S. stocks slipped on Monday
as investors remained cautious about instability in Ukraine and
Gaza, though the three major indexes ended well off their lows,
a sign that some appetite for riskier assets remained.

The S&P 500 fell as much as 0.6 percent, though it recovered
most of those losses and closed right above its 14-day moving
average, suggesting buyers were using weakness to come back into
the market. Still, the day’s losses were broad, and nine of the
10 primary S&P 500 sector indexes fell. The S&P energy sector
index represented the only positive group, up 0.2
percent. U.S. crude oil for August delivery shot up 1.4
percent to settle at $104.59 ahead of Tuesday’s contract expiry.