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JULY 16 (Reuters) — U.S. stocks edged lower on Wednesday (July 15) following comments from Federal Reserve Chair Janet Yellen, as a decline in energy shares outweighed gains in the financial sector. The energy sector, down 1.6 percent, was the worst performer of the 10 major S&P groups as oil prices retreated on concerns increased exports from Iran will add to a global supply glut. Brent settled down $1.46 at $57.05 while U.S. crude settled […]
(Reuters) – U.S. stock prices rose on Thursday, hovering near record highs, while crude fell below $80 a barrel for the first time in four years on further signs of a slowdown in China’s economy. Brent crude has fallen more than 30 percent since June, and the Organization of the Petroleum Exporting Countries (OPEC) said demand for its members’ oil could drop by about a million barrels per day in 2015 due to the U.S. shale boom. […]
(Reuters) – U.S. stocks advanced on Thursday after conciliatory comments from Russia helped ease concerns about escalation of the conflict in Ukraine and offset some uninspiring earnings. Gains were broad, with all but one of the S&P’s 10 primary sector indexes rising for the day. An S&P index of healthcare stocks .SPXHC gained 1.2 percent and led the advance, while an index of energy stocks .SPNY dragged, slipping 0.5 percent. Russian President Vladimir Putin said […]
By Akane Otani NEW YORK Tue Aug 12, 2014 5:14pm EDT (Reuters) – U.S. stocks ended lower on Tuesday, snapping a two-day rally as energy shares tumbled on sliding oil prices. The pullback occurred on light volume typical of mid-August. Traders rushed to sell the stock of handbag and accessory maker and retailer Kate Spade & Co, which plummeted 25.4 percent to close at $29.00 in its busiest day of trading ever with 52 million […]
By Chuck Mikolajczak NEW YORK Mon Apr 21, 2014 5:14pm EDT (Reuters) – U.S. stocks advanced modestly on Monday in subdued trading as investors showed hesitation in the wake of a strong rally last week and before a slew of key earnings releases this week. Monday’s gain marked the S&P 500’s fifth straight climb, its longest winning streak since October. The S&P 500 wrapped up its best week since July last week, boosted by results […]
By Ryan Vlastelica NEW YORK Mon Apr 14, 2014 6:02pm EDT (Reuters) – U.S. stocks closed higher on Monday as Citigroup’s earnings and strong retail sales gave investors reasons to buy equities despite a resurgence of geopolitical uncertainties. Equities opened higher as strong results from Citigroup and bullish retail sales data lifted sentiment, though shares lost ground in the last hour of trading. Both the Nasdaq and the S&P 500 briefly turned negative, though they […]
