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Jul 30, 2014

Wall St gives up gains as GDP raises Fed concerns

NEW YORK, July 30 (Reuters) – U.S. stocks were flat on
Wednesday, paring earlier gains as a strong read on
second-quarter economic growth sparked concerns the Federal
Reserve may adjust its stimulus earlier than expected.

Major indexes opened higher but lost their gains throughout
morning trading. While the Nasdaq remained in positive
territory, helped by biotech shares, the Dow was pressured by a
drop in insurer UnitedHealth Group Inc.

Jul 30, 2014

Wall St up on GDP data; Twitter has biggest jump ever

NEW YORK, July 30 (Reuters) – U.S. stocks were boosted
Wednesday by some bullish earnings and a read on second-quarter
economic growth that came in much stronger than expected,
overshadowing a weak report on the labor market.

Gross domestic product grew at a 4 percent annual rate in
the second quarter, above the 3 percent rate that had been
expected and a sharp reversal from the weather-impacted first
quarter, when the economy contracted a revised 2.1 percent.

Jul 30, 2014

Futures point to higher open after GDP data

NEW YORK, July 30 (Reuters) – U.S. stock index futures
pointed to a higher open on Wednesday after the first read on
second-quarter economic growth came in much stronger than
expected, overshadowing a weak report on the labor market.

* Gross domestic product grew at a 4 percent annual rate in
the second quarter, above the 3 percent rate that had been
expected and a sharp reversal from the weather-impacted first
quarter, when the economy contracted 2.9 percent.

Jul 30, 2014

Futures up ahead of GDP data; Twitter soars in premarket

NEW YORK (Reuters) – U.S. stock index futures rose on Wednesday as investors sought bargains following a period of weakness and looked ahead to data on economic growth and comments from the Federal Reserve following its latest policy meeting.

U.S. second-quarter economic growth data will be released at 8:30 a.m. EDT, with GDP expected to have grown 3 percent. That would represent a sharp turnaround from the weather-impacted first quarter, when the economy contracted 2.9 percent.

Jul 29, 2014

Wall Street ends down; Twitter rallies after-hours

NEW YORK, July 29 (Reuters) – U.S. stocks fell on Tuesday,
dropping in a broad selloff as a weak outlook from courier
company UPS weighed on sentiment and pressured transportation
stocks.

Although a rally in telecom stocks helped to limit the
broader market’s decline, the S&P 500 ended below its 14-day
moving average for a second straight day. Nine of the 10 primary
S&P 500 sectors fell on the day.

Jul 29, 2014

Wall Street edges lower on UPS outlook, telecom shares rally

NEW YORK (Reuters) – Stocks mostly fell on Tuesday as a weak outlook from UPS weighed on sentiment and pressured transportation stocks, though other corporate results capped losses in equities.

United Parcel Service (UPS.N: Quote, Profile, Research, Stock Buzz) shares fell 3.1 percent to $99.47 after the world’s biggest courier company slashed its earnings forecast for the year due to spending to boost capacity. It also reported earnings that were below expectations.

Jul 29, 2014
Jul 29, 2014

A mixed quarter for bets on U.S. stock volatility

NEW YORK (Reuters) – With some of Wall Street’s more volatile names set to report in the next couple of days, traders who bet on big swings in shares are hoping to see moves more like Facebook than Netflix.

Netflix, along with Gilead Sciences (GILD.O: Quote, Profile, Research, Stock Buzz) and several other stocks famous for their sharp gyrations, were unusually calm following their latest quarterly reports. However, Amazon.com and Facebook have had big days after their reports, heightening expectations for upcoming releases from Tesla Motors Inc (TSLA.O: Quote, Profile, Research, Stock Buzz) and Expedia Inc (EXPE.O: Quote, Profile, Research, Stock Buzz).

Jul 28, 2014

Wall St dips as housing data disappoints

NEW YORK, July 28 (Reuters) – U.S. stocks slipped on Monday
as weak data on the housing market and services sector gave the
latest indications that economic conditions were getting worse,
taking the S&P 500 below a key support level.

While acquisition activity limited the market’s decline and
kept the Dow and S&P 500 near record levels, investors found few
reasons to buy because the data followed some high-profile
disappointments in earnings, including from Amazon.com
and Caterpillar last week.

Jul 28, 2014

Wall St falls after housing data disappoints

NEW YORK, July 28 (Reuters) – U.S. stocks fell on Monday as
weak data on the housing market and services sector were the
latest indications of worsening economic conditions, taking the
S&P 500 below a key support level.

While acquisition activity limited the market’s decline,
keeping indexes near record levels, investors found few reasons
to buy as the data followed some high-profile disappointments in
corporate earnings, including from Amazon.com and
Caterpillar last week.