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Apr 16, 2014

Wall St gains on Yellen comments and Yahoo; BofA falls

NEW YORK, April 16 (Reuters) – U.S. stocks rose 1 percent on
Wednesday, advancing for a third straight session as Federal
Reserve Chair Janet Yellen reaffirmed the central bank’s
commitment to keeping interest rates low and Yahoo rallied.

Data showing Chinese economic growth exceeded expectations
and U.S. industrial production rose for a second straight month
also improved sentiment, though Bank of America and CSX
Corp sold off following their results.

Apr 15, 2014

Wall St ends higher as blue chips rally; Intel up late

NEW YORK, April 15 (Reuters) – U.S. stocks ended a volatile
session higher on Tuesday, lifted by gains in such blue-chip
names as Coca-Cola and Johnson & Johnson, though persistent
weakness in momentum names limited the Nasdaq’s advance.

Coke and J&J, both Dow components, climbed after their
results while recent outperformers fell, a sign that investors
were rotating from growth stocks into value ones. In recent
weeks, high-growth stocks have been under pressure after a
meteoric rise in their prices took valuations to levels that
appeared unsustainable.

Apr 14, 2014

Wall St ends up after Citi results, retail sales

NEW YORK, April 14 (Reuters) – U.S. stocks closed higher on
Monday as Citigroup’s earnings and strong retail sales gave
investors reasons to buy equities despite a resurgence of
geopolitical uncertainties.

Equities opened higher as strong results from Citigroup and
bullish retail sales data lifted sentiment, though shares lost
ground in the last hour of trading. Both the Nasdaq and the S&P
500 briefly turned negative, though they subsequently returned
to positive territory.

Apr 14, 2014

Wall St rises on Citi earnings, retail sales data

NEW YORK, April 14 (Reuters) – U.S. stocks rose on Monday,
rebounding after a sharp selloff in the previous session as
strong results from Citigroup and bullish retail sales data
lifted sentiment.

While concerns over the possible escalation of hostilities
in Ukraine added an element of caution to the market, gains were
broad and all 10 major S&P 500 sectors rose on the day.

Apr 11, 2014

As Internet shares break down, investors see value in old tech

NEW YORK, April 11 (Reuters) – The last six weeks have been
terrible for many technology shares, but not for the four
horsemen that sat atop the last tech boom.

Intel, Oracle, Microsoft and Cisco, known as the four
horsemen during the late 1990s technology boom due to their
strong performance and leading market share, have all rallied
since the beginning of March even as many other tech companies’
stocks have been crushed.

Apr 10, 2014

Nasdaq has worst day since June 2012, weighed again by biotechs

NEW YORK, April 10 (Reuters) – U.S. stocks sank on Thursday,
with the S&P 500 turning negative for the year and the Nasdaq
falling its most in a day since June 2012 as investors again
sold high-flying names in the technology and biotech sectors and
sought shelter in defensive names.

The Nasdaq’s decline took it below its 14-day and 100-day
moving average, a sign of weakening short-term momentum.

Apr 1, 2014

S&P 500 climbs to record after manufacturing data

NEW YORK, April 1 (Reuters) – U.S. stocks rose on Tuesday,
with the S&P 500 advancing to an intraday record after positive
data on factory activity indicated economic growth was gaining
traction after a harsh winter.

Gains were broad, but areas of the market closely tied to
the pace of economic growth were among the day’s leaders.
Consumer discretionary stocks rose 1.2 percent while
technology shares were up 1.1 percent.

Apr 1, 2014

Wall St climbs to record after manufacturing data

NEW YORK, April 1 (Reuters) – U.S. stocks rose on Tuesday,
with the S&P 500 advancing to an intraday record after the
latest economic data indicated that economic growth was gaining
traction after a harsh winter.

Gains were broad, but areas of the market closely tied to
the pace of economic growth were among the day’s leaders.
Consumer discretionary stocks rose 1.2 percent while
technology shares were up 1 percent. Both the PHLX
housing sector index and the Nasdaq biotechnology index
added 1.5 percent.

Apr 1, 2014

Wall Street rises on Yellen’s view; S&P scores modest first quarter gain

NEW YORK (Reuters) – U.S. stocks rose on Monday, with the S&P 500 ending both March and the first quarter of 2014 with moderate gains, after Federal Reserve Chair Janet Yellen relieved concerns about a rate hike coming earlier than expected.

This was the fifth straight quarterly rise for both the S&P 500 and the Nasdaq, though it was the smallest three-month advance for both since the fourth quarter of 2012. Both the Dow and the S&P 500 rose for a second straight month in March.

Mar 31, 2014

Wall St rises on Yellen’s view; S&P scores modest Q1 gain

NEW YORK, March 31 (Reuters) – U.S. stocks rose on Monday,
with the S&P 500 ending both March and the first quarter of 2014
with moderate gains, after Federal Reserve Chair Janet Yellen
relieved concerns about a rate hike coming earlier than
expected.

This was the fifth straight quarterly rise for both the S&P
500 and the Nasdaq, though it was the smallest three-month
advance for both since the fourth quarter of 2012. Both the Dow
and the S&P 500 rose for a second straight month in March.