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Jan 8, 2015

Biotechs soar in premarket; many have strong drug data

NEW YORK (Reuters) – Biotech stocks were among the biggest movers during premarket trading on Thursday, with companies making up more than half of the top 25 most active Nasdaq shares and many reporting massive gains on the back of drug study data.

The advance suggested the Nasdaq Biotech index would extend a rally from Wednesday, when it jumped 3.6 percent in its best one-day jump since April 2014.

Jan 2, 2015

New year may mean new view on energy stocks

NEW YORK (Reuters) – Last year was an ugly one for the U.S. energy sector, and while the first trading day of 2015 pointed to continued weakness in oil, investors are starting to look to when the sector might start to recover.

Crude oil prices fell 42 percent in the fourth quarter. The fallout on corporate bottom lines isn’t yet known, but forecasts suggest it will be severe. Energy sector earnings are seen down 19.6 percent in the fourth quarter, according to Thomson Reuters data; on Oct. 1, the consensus estimate was for growth of 6.4 percent.

Jan 2, 2015

Wall St Week Ahead-New year may mean new view on energy stocks

NEW YORK, Jan 2 (Reuters) – Last year was an ugly one for
the U.S. energy sector, and while the first trading day of 2015
pointed to continued weakness in oil, investors are starting to
look to when the sector might start to recover.

Crude oil prices fell 42 percent in the fourth quarter. The
fallout on corporate bottom lines isn’t yet known, but forecasts
suggest it will be severe. Energy sector earnings are seen down
19.6 percent in the fourth quarter, according to Thomson Reuters
data; on Oct. 1, the consensus estimate was for growth of 6.4
percent.

Jan 2, 2015

Wall St turns lower in 2015′s first day of trading

NEW YORK, Jan 2 (Reuters) – U.S. stocks edged lower on
Friday, erasing earlier gains as investors found few reasons to
buy in the new year as crude oil prices continued to weaken and
data came in below forecasts.

Markets had opened higher in a broad rally, but indexes lost
ground throughout the session. Seven of the ten primary S&P 500
sectors were lower on the day, with defensive groups – including
telecom and utilities – among the few
industries in positive territory.

Jan 2, 2015

Wall St gains on first day of trading in 2015; energy dips

NEW YORK, Jan 2 (Reuters) – U.S. stocks rose on Friday,
kicking off the new year with a broad rally, though crude oil
prices continued to be pressured and kept energy shares in
negative territory.

The day’s gains were widespread, with nine of the 10 primary
S&P 500 sectors climbing. The only group to fall was energy
, the weakest sector of 2014, which lost 0.4 percent.
Marathon Oil fell 0.9 percent to $28 while Newfield
Exploration sank 2.4 percent to $26.47.

Jan 2, 2015

Futures imply positive start for 2015; oil still weaker

NEW YORK, Jan 2 (Reuters) – U.S. stock index futures pointed
to a higher open on Friday as equities looked to rebound from a
sharp decline in the previous session, though moves and volume
were likely to remain tepid as the holiday week draws to a
close.

Wall Street ended 2014 with solid gains for the year and
fourth quarter, though a broad decline Wednesday pushed the S&P
500 into negative territory for December. Weakness in energy
shares contributed to Wednesday’s decline, and that looked set
to continue with a further drop in crude prices.

Jan 2, 2015

Futures higher, point to positive start for 2015

NEW YORK, Jan 2 (Reuters) – U.S. stock index futures rose on
Friday as equities looked to rebound from a sharp decline in the
previous session, though moves and volume were likely to remain
tepid as the holiday week draws to a close.

* Wall Street ended December with solid gains for both the
year and fourth quarter, though a broad decline on Wednesday
pushed the S&P 500 into negative territory for the month.

Jan 1, 2015

General Motors issues 3 new recalls, cites ignition systems

NEW YORK, Jan 1 (Reuters) – General Motors Co on
Thursday announced three new recalls affecting nearly 84,000
sport-utility vehicles and pickup trucks, saying their ignition
systems may have problems that could affect engine power and air
bag deployment.

Ignition problems triggered dozens of recalls from GM
throughout 2014. After accidents that caused more than 40
deaths, the automaker recalled more than 2.5 million vehicles.

Jan 1, 2015

General Motors issues three new recalls -reports

NEW YORK, Jan 1 (Reuters) – General Motors Co
announced three new recalls affecting more than 83,000
sport-utility vehicles and pickup trucks that may have faulty
ignition systems, the Wall Street Journal and the Detroit News
reported on Thursday.

Ignition problems also triggered dozens of recalls from GM
throughout 2014. After accidents that caused more than 40
deaths, the automaker recalled more than 2.5 million vehicles.

Dec 31, 2014

Wall St edges up in 2014′s last day; energy down again

NEW YORK, Dec 31 (Reuters) – U.S. stocks were modestly
higher on Wednesday, putting major indexes on track to end 2014
near record levels, though energy shares once again fell
alongside crude oil prices.

While the market’s seasonal trend of modest moves and low
volume continued, there was heavier action in the energy space.
Crude oil lost 2.2 percent, the fourth drop of at least 2
percent in the past five sessions, putting the commodity at its
lowest since May 2009.