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Mar 5, 2014

Service sectors strengthen globally, but slow in U.S.

NEW YORK (Reuters) – Service sectors around the globe mostly strengthened last month with Germany leading the way, although harsh winter weather put a damper on the massive U.S. non-manufacturing sector.

The news of global services expansion came in contrast to recent reads on manufacturing growth, which indicated a rebound in the U.S. while markets in Europe and Asia eased.

Feb 28, 2014

Wall St rises, S&P 500 at another record

NEW YORK, Feb 28 (Reuters) – U.S. stocks rose on Friday as
some positive economic data boosted the S&P 500 to record levels
for a second straight day and put major indexes on track for
strong gains in both the week and the month.

However, a discouraging read on economic growth pointed to
an economy that continues to struggle, leaving some investors to
question whether valuations are justified.

Feb 28, 2014

Futures point to modest losses on Wall St after GDP data

NEW YORK, Feb 28 (Reuters) – U.S. stock index futures
pointed to a slightly lower open on Wall Street Friday, with the
S&P 500 coming off a record close and after the U.S. government
slashed its estimate for fourth-quarter economic growth.

* GDP was estimated to have grown at an annual rate of 2.4
percent in the quarter, the Commerce Department said, down
sharply from its estimate last month of 3.2 percent growth, and
4.1 percent in the third quarter. Analysts had expected growth
of 2.5 percent.

Feb 28, 2014

Futures edge down after record close, GDP data on tap

NEW YORK (Reuters) – U.S. stock index futures dipped on Friday, with investors reluctant to make big bets after the S&P 500 closed at a record and ahead of closely watched data on economic growth.

The benchmark index closed barely in positive territory for the year on Thursday, ending at a record above a level that has served as resistance this week. All three major indexes are set to end February and the week with gains, and the Nasdaq is on track for its fourth straight weekly rise.

Feb 27, 2014

Wall Street flat after Yellen remarks, J.C. Penney soars

NEW YORK, Feb 27 (Reuters) – U.S. stocks were little changed
on Thursday as comments from Federal Reserve Chair Janet Yellen
failed to provide clarity on the impact of a harsh winter on
recent economic weakness, while concerns rose over turmoil in
Ukraine.

Addressing the Senate Banking Committee, Yellen said some
economic data had been weaker since she spoke to the House of
Representatives on Feb. 11, but that it was difficult to say how
much of that was due to weather. Yellen also confirmed that the
central bank would keep to its stimulus-trimming schedule.

Feb 27, 2014

Futures point to flat Wall St open, Yellen remarks awaited

NEW YORK, Feb 27 (Reuters) – U.S. stock index futures
pointed to a slightly lower open on Thursday, with a
better-than-expected read on durable goods helping to offset
geopolitical uncertainty in Ukraine.

* Market moves may be slight ahead of comments from Federal
Reserve Chair Janet Yellen, who will address the Senate Banking
Committee in a semiannual testimony about monetary policy at
10:00 a.m. EST (1500 GMT)

Feb 27, 2014

Futures fall on Ukraine tension ahead of Yellen comments

NEW YORK (Reuters) – U.S. stock index futures fell on Thursday, with the S&P 500 poised to recede further from record levels amid political uncertainty in Ukraine and ahead of comments from Federal Reserve Chair Janet Yellen.

Investor concerns about geopolitical tensions mounted after armed men seized the regional government headquarters and parliament in Ukraine’s Crimea and raised the Russian flag. Kiev’s new rulers urged Moscow not to abuse its navy base rights on the peninsula by moving troops around.

Feb 26, 2014

Wall St flat with S&P near record, Target rallies

NEW YORK, Feb 26 (Reuters) – U.S. stocks were mostly flat on
Wednesday as, for a third straight session, equities were unable
to hold onto gains that took the S&P 500 near record levels.

Stocks opened higher but pared gains almost immediately
despite some positive housing data and strong results from
retailers Target Corp and Lowe’s Cos Inc. The
S&P’s record has been serving as a resistance level, with
traders finding few reasons to push indexes out of their recent
trading range. The index is less than 1 percent below its
all-time high.

Feb 26, 2014

Wall St set to open higher, S&P 500 near record

NEW YORK, Feb 26 (Reuters) – U.S. stock index futures
pointed to a slightly higher open on Wall Street Wednesday,
indicating the S&P 500 would again make a run at record levels
that have been serving as resistance.

* While some positive results, including from Target Corp
and Lowe’s Cos Inc, supported individual shares,
broader indexes struggled to break out of their recent trading
range.

Feb 25, 2014

Wall St turns higher as retail stocks rally

NEW YORK, Feb 25 (Reuters) – U.S. stocks rose on Tuesday,
with the S&P 500 moving within points of record levels, as a
pair of retail stocks rallied following strong results.

Major indexes had traded lower for much of the session,
pressured by some disappointing data, but turned higher in
midday trading.