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Mar 28, 2014

As U.S. momentum stocks take beating, some sectors benefit

NEW YORK (Reuters) – Investors in some of the past year’s hottest U.S. stocks have been given a savage lesson in the risks of so-called “momentum trading”.

A group of 24 such companies compiled by Credit Suisse has lost $63 billion in market value, or almost 19 percent, so far in March. One of them, streaming video service Netflix (NFLX.O: Quote, Profile, Research, Stock Buzz), has declined on 15 of the last 17 trading days, while another, online travel service Priceline (PCLN.O: Quote, Profile, Research, Stock Buzz), is on pace to for its worst month in nearly two years, while Twitter (TWTR.N: Quote, Profile, Research, Stock Buzz) sank below its November first-day closing price for the first time.

Mar 27, 2014

Wall St dips after GDP data, Citigroup shares tumble

NEW YORK, March 27 (Reuters) – U.S. stocks fell on Thursday
as a report showing modest economic growth in the fourth quarter
was not viewed as positive enough to offset lingering
geopolitical uncertainties, with the S&P 500 near record levels.

Markets were also pressured by a steep decline in Citigroup
Inc shares, which suffered their biggest daily drop since
November 2012 after the Federal Reserve rejected the bank’s
capital plan.

Mar 27, 2014

Futures point to flat open after GDP data, Citi falls

NEW YORK, March 27 (Reuters) – U.S. stock index futures
indicated a flat opening on Wall Street Thursday as the latest
economic data pointed to improving conditions, though investors
were reluctant to make big bets amid tensions in Ukraine and a
drop in Citigroup shares.

* Gross domestic product expanded at a 2.6 percent annual
rate in the fourth quarter, the Commerce Department said, up
from the 2.4 percent pace it estimated last month but slightly
under the 2.7 percent expectation of analysts. In a positive
sign for the labor market, jobless claims unexpectedly fell in
the latest week, dropping a near four-month low.

Mar 27, 2014

Stock futures slightly higher, investors await GDP data

NEW YORK (Reuters) – U.S. stock index futures edged slightly higher on Thursday as investors continued to digest the latest out of the crisis in Ukraine and as they looked ahead to data on U.S. fourth-quarter economic growth.

* Equities have been volatile this week, driven by any sign of easing or increasing tension in the biggest conflict between Russia and the United States since the Cold War. While the market was supported by several economic indicators that pointed to improving conditions, investors used the uncertainty as an opportunity to take profits in some of the market’s biggest outperformers, especially in the technology and biotech sectors.

Mar 27, 2014

Futures slightly higher, investors await GDP data

NEW YORK, March 27 (Reuters) – U.S. stock index futures
edged slightly higher on Thursday as investors continued to
digest the latest out of the crisis in Ukraine and as they
looked ahead to data on U.S. fourth-quarter economic growth.

* Equities have been volatile this week, driven by any sign
of easing or increasing tension in the biggest conflict between
Russia and the United States since the Cold War. While the
market was supported by several economic indicators that pointed
to improving conditions, investors used the uncertainty as an
opportunity to take profits in some of the market’s biggest
outperformers, especially in the technology and biotech sectors.

Mar 26, 2014

Dow, S&P 500 rise as Ukraine tensions ebb; US data helps

NEW YORK, March 26 (Reuters) – U.S. stocks mostly edged
higher on Wednesday as geopolitical tensions over Ukraine
appeared to ease and the latest U.S. economic data pointed to
improving conditions, though investors found few reasons to push
shares up substantially.

Russia and the West drew a tentative line under the Ukraine
crisis after U.S. President Barack Obama and his allies agreed
to hold off on more damaging economic sanctions unless Moscow
goes beyond the seizure of Crimea, as Russian President Vladimir
Putin said last week that he didn’t want to do.

Mar 26, 2014

Wall Street gains on data, easing of Ukraine tensions

NEW YORK, March 26 (Reuters) – U.S. stocks rose on Wednesday
as geopolitical tensions over Ukraine appeared to ease and the
latest U.S. economic data pointed to improving conditions.

Gains were broad, with nine of the S&P 500′s ten primary
sectors higher on the day. The biggest advancing sectors were
healthcare and telecom, two groups that are
considered defensive plays.

Mar 26, 2014

Futures point to higher open as Ukraine tensions ease

NEW YORK, March 26 (Reuters) – U.S. stock index futures
pointed to a higher open on Wall Street Wednesday as
geopolitical tensions eased after Western powers agreed to hold
off on more damaging economic sanctions against Russia unless it
went beyond its seizure of Crimea.

* Futures were supported by durable goods data, which rose
more than expected in February, ending two straight months of
declines. The report followed other positive reads on the
economy that ended weakness earlier this year related to bad
weather rather than worsening fundamentals.

Mar 26, 2014

Stock futures rise as Ukraine tensions ease

NEW YORK (Reuters) – Stock futures rose on Wednesday as geopolitical tensions eased after Western powers agreed to hold off on more damaging economic sanctions against Russia unless it went beyond its seizure of Crimea.

* Tensions between the United States and Russia have been a major market focus in recent sessions, although the issue has not translated to protracted market losses. Investors have been concerned about the economic fallout of any escalation in the biggest East-West conflict since the Cold War, though few U.S. companies have direct exposure to the region.

Mar 26, 2014

Futures rise as Ukraine tensions ease

NEW YORK, March 26 (Reuters) – U.S. stock index futures rose
on Wednesday as geopolitical tensions eased after Western powers
agreed to hold off on more damaging economic sanctions against
Russia unless it went beyond its seizure of Crimea.

* Tensions between the United States and Russia have been a
major market focus in recent sessions, although the issue has
not translated to protracted market losses. Investors have been
concerned about the economic fallout of any escalation in the
biggest East-West conflict since the Cold War, though few U.S.
companies have direct exposure to the region.