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Feb 24, 2015

Dow, S&P edge up to record highs after Yellen comments

NEW YORK (Reuters) – U.S. stocks advanced slightly on Tuesday, with the Dow and S&P 500 at intraday records, as investors attempted to interpret testimony by Federal Reserve Chair Janet Yellen.

As investors sought clues on the timing of the Fed’s first interest rate increase since 2006, Yellen told a congressional committee it is preparing to consider hikes “on a meeting by meeting basis,” in a subtle change of emphasis.

Feb 13, 2015

Genetic Technologies shares rise 30 pct in heavy trading

Feb 13 (Reuters) – Genetic Technologies Ltd’s
U.S.-listed shares closed up 30 percent on Friday,
capping a two-and-a-half week spate of heavy trading during
which its market valuation increased by 533 percent.

U.S. shares in the Australian genetic testing company closed
at $8.04 on Friday on no apparent news during the day. They rose
as much as 54.6 percent earlier in the session to touch a nearly
12-month high of $9.49 per share.

Feb 13, 2015

S&P closes at record, Nasdaq hits 15-year high

NEW YORK (Reuters) – The S&P 500 index closed at a record high on Friday, as energy shares gained with oil prices, while the Nasdaq composite index .IXIC hit a 15-year high helped by technology stocks.

Equities rallied this week after a ceasefire agreement between Ukraine and Russia and apparent progress toward a deal on Greek debt.

Feb 13, 2015

Wall St rise helped by oil; S&P touches record

NEW YORK, Feb 13 (Reuters) – U.S. stocks advanced on Friday,
with the S&P 500 scaling a new intraday record as rising oil
prices boosted energy stocks, but a decline in utilities limited
gains.

Traders held off on making big bets on the last day before a
long weekend to avoid extended exposure in case of any negative
news, particularly from Europe, where Greece is involved in debt
negotiations. U.S. markets are closed on Monday
for the Presidents Day holiday.

Feb 13, 2015
Feb 11, 2015

U.S. stock futures rise on Greek agreement after S&P ends flat

NEW YORK, Feb 11 (Reuters) – U.S. stock futures rose late on
Wednesday after Europe agreed on a way forward with Greece on
debt negotiations that had been holding back U.S. investors
worried about European stability.

The S&P 500 index had finished the regular session
unchanged on Wednesday as investors were worried about making
big bets while they waited for the outcome of the Greece talks.

Feb 11, 2015

Wall St ends flat while investors await Greece, Ukraine news

NEW YORK, Feb 11 (Reuters) – The S&P 500 index finished
unchanged on Wednesday as investors were reluctant to make big
bets while they waited for the outcomes of major talks involving
Greece and Ukraine, but Apple helped boost the Nasdaq after an
activist investor’s bullish comments.

Greek Finance Minister Yanis Varoufakis began tense talks
with euro zone finance ministers on Wednesday after his new
leftist-led government won a parliamentary confidence vote
refusing extend an international bailout. International Monetary
Fund Chief Christine Lagarde said going into the meeting that
the process would likely take time.

Feb 11, 2015

Wall St. dips as investors eye Greece and Ukraine talks

NEW YORK (Reuters) – U.S. stocks edged lower on Wednesday as investors worried about how much risk they should take on while they waited for the outcomes of major talks involving Greece and Ukraine.

Greek Finance Minister Yanis Varoufakis met with euro zone finance ministers on Wednesday after his new leftist-led government won a parliamentary confidence vote for its refusal to extend an international bailout.

Feb 10, 2015

Wall St rises on Greek deal hopes; Apple hits record

NEW YORK, Feb 10 (Reuters) – U.S. stocks rose on Tuesday on
hopes that Greek debt negotiations could result in a deal that
stabilizes Europe, while Apple helped lift the S&P 500 and
Nasdaq as it became the first U.S. company worth more than $700
billion.

Apple Inc shares closed up 1.9 percent to $122.02
after it priced Swiss franc bonds.

Feb 10, 2015

Wall St. rises on Greek deal hopes even as energy drops

NEW YORK (Reuters) – U.S. stocks rose on Tuesday on hopes a deal in Greek debt negotiations was drawing closer and on Coca-Cola earnings, but a drop in energy shares helped cap the advance.

The European Commission will introduce a compromise proposal in which Greece should ask for a six-month period to discuss with lenders any pending issues and post-bailout plan according to a report by MNSI, citing unnamed sources.

    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
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