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Stocks rally, yields drop as U.S. CPI data calms investors
  + stars: | 2021-06-10 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +4 min
The report was largely in line with expectations, said Subadra Rajappa, head Of U.S. rates strategy at Societe Generale in New York. “The (equity) market is going to ignore the data. MSCI’s all-country world index rose 0.45% to 718.81, nudging past its previous record set Tuesday. In the United States, data showed people filing new claims for unemployment benefits fell last week to the lowest level in nearly 15 months. The dollar index fell 0.071%, with the euro down 0.07% to $1.217.
Persons: Toby Melville, Subadra Rajappa, ” Rajappa, Joseph LaVorgna, ” LaVorgna, , MSCI’s, Thomas Hayes, ” Hayes, , Brent Organizations: YORK, Global, London Stock Exchange Group, City of, REUTERS, U.S . Labor Department, Societe Generale, Treasury, Americas, European Central Bank, Dow Jones, Nasdaq, Great, Great Hill Capital, ECB, U.S, West Texas Locations: City, City of London, Britain, New York, Natixis, Great Hill, United States
Investors see Biden's 15% minimum tax offer as positive
  + stars: | 2021-06-03 | by ( Herbert Lash | ) www.reuters.com sentiment -0.98   time to read: +2 min
NEW YORK (Reuters) -Investors hailed U.S. President Joe Biden’s offer on Thursday to scrap his proposed 28% corporate tax hike as a move in the right direction and embraced the idea of a compromise that could allow an infrastructure and tax package to move through Congress. In return, Republicans would have to agree to at least $1 trillion in new infrastructure spending, versus the president’s original proposal for a $2.25 trillion package. Raising the global minimum rate on U.S. companies’ foreign income to 21% from 10.5% and the corporate tax rate to 28% from 21%, among other Biden tax proposals, would slash earnings per share by about 7.6% next year, Morgan Stanley said on Monday. Investors would welcome a compromise that allows the infrastructure and tax package to pass in Congress, said Rick Meckler, a partner at Cherry Lane Investments in New Vernon, New Jersey. Rob Sechan, managing partner and co-founder at Newedge Wealth in New York, said anything that is less than the expected 28% tax hike will help the market.
Persons: Joe Biden’s, Dado Ruvic, Biden, , Gary Bradshaw, Morgan Stanley, Rick Meckler, ” Meckler, Rob Sechan, Thomas Hayes, , ” Hayes Organizations: YORK, Investors, REUTERS, Democratic, Hodges Capital Management, Cherry Lane Investments, Capital Locations: Dallas, New Vernon , New Jersey, New York, headwind
Investors see Biden’s 15% minimum tax offer as positive
  + stars: | 2021-06-03 | by ( Herbert Lash | ) www.reuters.com sentiment -0.98   time to read: +2 min
REUTERS/Dado Ruvic/IllustrationInvestors hailed U.S. President Joe Biden’s offer on Thursday to scrap his proposed 28% corporate tax hike as a move in the right direction and embraced the idea of a compromise that could allow an infrastructure and tax package to move through Congress. In return, Republicans would have to agree to at least $1 trillion in new infrastructure spending, versus the president's original proposal for a $2.25 trillion package. Raising the global minimum rate on U.S. companies' foreign income to 21% from 10.5% and the corporate tax rate to 28% from 21%, among other Biden tax proposals, would slash earnings per share by about 7.6% next year, Morgan Stanley said on Monday. Investors would welcome a compromise that allows the infrastructure and tax package to pass in Congress, said Rick Meckler, a partner at Cherry Lane Investments in New Vernon, New Jersey. Rob Sechan, managing partner and co-founder at Newedge Wealth in New York, said anything that is less than the expected 28% tax hike will help the market.
Persons: Dado Ruvic, Joe Biden’s, Biden, Gary Bradshaw, Morgan Stanley, Rick Meckler, Meckler, Rob Sechan, Thomas Hayes, , ” Hayes Organizations: REUTERS, Investors, Democratic, Hodges Capital Management, Cherry Lane Investments, Capital, Thomson Locations: Dallas, New Vernon , New Jersey, New York, headwind
Stop resisting. Stop resisting. Stop resisting. He added: “We don’t know enough at this point. In a statement released Tuesday, department officials said Hobbs’ arrest is under review.
Persons: Martin Weinberg, Kemontae Hobbs, Hobbs, Weinberg, ” Weinberg, , , ” Hobbs, Kimberlyn Hayes, ” Hayes, Devyn Keith, ” Keith, I’ve, William Darby, Darby, Jeffery Parker, “ He’s Organizations: Alabama, Facebook, Huntsville, NBC, Huntsville City Locations: Huntsville, Parker’s
Equities rally, dollar falls as inflation concerns grow
  + stars: | 2021-05-24 | by ( Chibuike Oguh | ) www.reuters.com + 0.00   time to read: +3 min
NEW YORK (Reuters) - Global equities gained on Monday while the dollar traded near four-month lows against major currencies as investors eye upcoming U.S. inflation readings for guidance on monetary policy. The MSCI world equity index rose 0.77% to 706.96. Europe’s broad FTSEurofirst 300 index added 0.10% to close at 1,715.51, with technology stocks helping the index hover near record highs. Japan’s Nikkei added 0.2% and Chinese blue chips 0.4%. A high core inflation reading would ring alarm bells and could revive talk of an early tapering by the U.S. Federal Reserve.
Persons: Nicky Loh, , Thomas Hayes, ” Hayes, Brent, Bitcoin Organizations: YORK, Global, REUTERS, Federal, Treasury, Great, Dow Jones, Nasdaq, Japan’s Nikkei, U.S . Federal, Fed Locations: Taipei, New York, Asia, Pacific, Japan, Europe, United States, U.S, Iran
(Reuters) - The S&P 500 and the Dow edged lower on Thursday as a resurgence of COVID-19 cases globally sapped appetite for stocks, while market participants digested earnings from U.S. airlines and AT&T, along with mixed readings on economic data. REUTERS/Carlo AllegriInvestor sentiment gradually improved by early afternoon, with seven of the 11 main S&P 500 sectors rising. The S&P 500 healthcare sector hit a fresh record high, while industrials were the biggest gainers. ET the Dow Jones Industrial Average was down 64.28 points, or 0.19%, at 34,073.03, the S&P 500 was down 1.51 points, or 0.04%, at 4,171.91 and the Nasdaq Composite was up 29.57 points, or 0.21%, at 13,979.79. The S&P index recorded 76 new 52-week highs and no new low, while the Nasdaq recorded 74 new highs and seven new lows.
Persons: Carlo Allegri, industrials, behemoths, Thomas Hayes, ” Hayes Organizations: Reuters, Dow, New York Stock Exchange, REUTERS, The Labor Department, Investors, Apple Inc, Nasdaq, American Airlines Group Inc, Southwest Airlines Co, Southwest, American Airlines, T Inc, Dow Jones, Intel Corp, NYSE Locations: Manhattan, New York City , New York, U.S, United States, India, Asia
When neurologist Oliver Sacks died in 2015, he left behind a legacy of more than a half-century of exploration into the inner workings of the human mind. Sacks wrote about people with amnesia, face blindness, Tourette’s syndrome and a host of other neurological conditions. “It wasn't as if Oliver set out to create a documentary,” said Bill Hayes, Sacks’ partner since 2009. Oliver Sacks FoundationSacks discussed Hayes in his memoir, but “His Own Life” is a bit of a love letter to their relationship. Oliver Sacks FoundationIn part, Burns added, the film is about Sacks' coming to terms with the wounds he carried.
Persons: Oliver Sacks, Sacks, , Robin Williams, Sacks ’, , Ric Burns, “ Oliver Sacks, , Oliver, Bill Hayes, ‘ Oliver, ” Sacks ’, Kate Edgar, Burns, ” Hayes, Sacks didn’t, he’d, Oliver would've, Lawrence Weschler, ” Burns, , Hayes, Hayes didn’t, Billy, he's, would’ve, ” Oliver Sacks, ” Sacks Organizations: PBS, New York Times, 250cc Norton Motorcycle, Twitter, Facebook Locations: Manhattan’s West, York, North Carolina, San Francisco, New York,
April 6 (Reuters) - Asian equities are poised to rise on Tuesday after the S&P 500 and Dow indexes set records as a streak of strong U.S. economic data fueled optimism even as a smaller-than-expected climb in 10-year Treasury notes eased inflation concerns. The data came after a jobs report on Friday beat forecasts with 916,000 added to the U.S. economy last month. “The jobs report set the stage for what we’re seeing today,” said Thomas Hayes, chairman of Great Hill Capital LLC in New York. On Monday, gains were led by sectors that have underperformed recently, including communication services , consumer discretionary and technology , as the 10-year U.S. Treasury yield remained below a 14-month high hit last week. Benchmark 10-year notes last rose 3/32 in price to yield 1.7127%, from 1.72% late on Friday.
Persons: , Thomas Hayes, “ It’s, Hong, ” Hayes, Brent Organizations: Dow, Institute for Supply Management, Great, Great Hill Capital, Treasury, Dow Jones, Nasdaq, U.S Locations: U.S, Great Hill, New York
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) An ISM survey for March is likely to show a jump in activity in the services sector, which accounts for more than two-thirds of U.S. economic activity. At the same time, there is starting to be a little understanding that perhaps earnings estimates are too low,” Hayes added. ET, Dow E-minis were up 243 points, or 0.74%, S&P 500 E-minis were up 23 points, or 0.57% and Nasdaq 100 E-minis were up 66.25 points, or 0.5%. Tesla Inc was set to add about $50 billion to its market value, as its shares surged after the world’s most valuable automaker posted record deliveries.
Persons: Russell, nonfarm payrolls, , Thomas Hayes, ” Hayes, Janet Yellen, Medha Singh, Maju Samuel Organizations: GameStop, Dow, Nasdaq, Great, Great Hill Capital, Bank of America, JPMorgan Chase & Co, Boeing Co, Dow Inc, Dow E, U.S, Treasury, Chicago Council, Global Affairs, Tesla Locations: Great Hill, New York, Bengaluru
(Reuters) - Futures pointed to a higher opening for Wall Street’s indexes on Monday, as investors cheered strong jobs data and waited for a report on the services sector with signals that 2021 could see the best annual economic growth in nearly four decades. FILE PHOTO: A U.S. flag flies outside The Federal Reserve Bank of New York in New York City, U.S., March 29, 2021. REUTERS/Brendan McDermid/File PhotoAn ISM survey for March is likely to show a jump in activity in the services sector, which accounts for more than two-thirds of U.S. economic activity. ET, Dow E-minis were up 243 points, or 0.74%, S&P 500 E-minis were up 23 points, or 0.57% and Nasdaq 100 E-minis were up 66.25 points, or 0.5%. Tesla Inc was set to add about $50 billion to its market value, as its shares surged after the world’s most valuable automaker posted record deliveries.
Persons: Brendan McDermid, Russell, nonfarm payrolls, , Thomas Hayes, ” Hayes, Janet Yellen Organizations: Reuters, Federal Reserve Bank of New, REUTERS, Great, Great Hill Capital, Bank of America, JPMorgan Chase & Co, Boeing Co, Dow Inc, Dow, Nasdaq, Dow E, U.S, Treasury, Chicago Council, Global Affairs, Tesla, GameStop Locations: Federal Reserve Bank of New York, New York City, U.S, Great Hill, New York
GLOBAL MARKETS-Global shares slide after hedge fund's default
  + stars: | 2021-03-29 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +5 min
Nomura shares in Japan closed down 16.3%, a record one-day drop, while Credit Suisse shares fell 13.8%. MSCI’s all-country world index fell 0.17% while Europe’s broad FTSEurofirst 300 index added 0.19% to close at 1,647.63. Financial and bank shares fell on both sides of the Atlantic. The dollar index, a measure of the greenback’s value against six other major currencies, hit as high as 92.964, its strongest level since November. Euro zone government bond yields rose as relief from the refloating of the container ship blocking the Suez Canal prompted some selling of safe-haven assets.
Persons: Nomura, Edward Moya, ” Moya, Thomas Hayes, ” Hayes, Germany’s DAX, Joe Biden’s, Gold, Herbert Lash, Jonathan Oatis, Will Dunham Organizations: Nomura, Credit Suisse, Biden, Organization of, Petroleum, Archegos Capital Management, Investors, Dow Jones, Nasdaq, Capital, Financial, JPMorgan Chase & Co, Wells Fargo & Co, Microsoft Corp, Tesla, CAC, Treasury, Oil, Brent Locations: Suez, Russia, U.S, Japan, New York, Europe
Global shares slide after hedge fund's default
  + stars: | 2021-03-29 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +3 min
Nomura shares in Japan closed down 16.3%, a record one-day drop, while Credit Suisse shares fell 13.8%. Bourses in Paris, Frankfurt and London recouped early losses to close slightly higher or flat, but financial and bank shares fell on both sides of the Atlantic. MSCI’s all-country world index fell 0.25% while Europe’s broad FTSEurofirst 300 index added 0.19% to close at 1,647.63. The index rose 0.041%, with the euro down 0.11% to $1.1779. Longer-dated Treasury yields rose on investor expectations that U.S. President Joe Biden’s infrastructure initiative to be announced Wednesday could mean faster economic growth and a dramatic increase in Treasury bond issuance.
Persons: Staff Nomura, Nomura, Thomas Hayes, ” Hayes, Bourses, Joe Biden’s Organizations: YORK, Nomura, Credit Suisse, REUTERS, Staff, Archegos Capital Management, Capital, JPMorgan Chase & Co, Wells Fargo & Co, Microsoft Corp, Tesla, Dow Jones, Nasdaq, Treasury, Brent Locations: U.S, Suez, Frankfurt, Germany, Japan, New York, Paris, London, Europe
Global shares slip after hedge fund's default
  + stars: | 2021-03-29 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +5 min
Nomura shares in Japan closed down 16.3%, a record one-day drop, while Credit Suisse shares fell 13.8%. Financials fell on the Archegos default and technology sectors slid as bond yields rose and investors sold growth-oriented shares. MSCI’s all-country world index fell 0.08% while Europe’s broad FTSEurofirst 300 index added 0.19% to close at 1,647.63. Financial and bank shares fell on both sides of the Atlantic. Gold slipped more than 1% to a more than two-week low as a firm dollar and rising U.S. Treasury yields dented the safe-haven metal’s appeal.
Persons: Brendan McDermid, Nomura, Edward Moya, ” Moya, Thomas Hayes, ” Hayes, Wells, Germany’s DAX, Joe Biden’s, Gold Organizations: YORK, Nomura, Credit Suisse, New York Stock Exchange, REUTERS, Organization of, Petroleum, Archegos Capital Management, Investors, Dow Jones, Nasdaq, Capital, Financial, JPMorgan Chase, Microsoft Corp, & Co, CAC, Treasury, Oil, Brent Locations: New York City, U.S, Russia, Japan, New York, Financials, Europe, Suez
US STOCKS-Wall Street rises on tech rebound; Tesla gains
  + stars: | 2021-03-22 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +3 min
Tesla Inc’s 5.6% gain to $691.46 provided one of the biggest boosts to the S&P 500 and Nasdaq after Ark Invest, founded by star stockpicker Cathie Wood, raised its price target on Friday using 34 inputs. Growth stocks rose 1.82% while value shares were flat. “There’s a plethora of growth, growth across many sectors, and we’ve seen managers bidding those (shares) up in cyclicals and value. The S&P 500 tech index jumped about 2.35%, while energy and financials were in the red. The S&P 500 posted 11 new 52-week highs and no new lows; the Nasdaq Composite recorded 87 new highs and 23 new lows.
Persons: Tesla, stockpicker Cathie Wood, Tom Hayes, “ It’s, ” Hayes, , we’ve, , it’s, Jake Wujastyk, Tayyip Erdogan’s, Herbert Lash, Medha Singh, Devik, Saumyadeb Chakrabarty, Matthew Lewis Organizations: Kansas City Southern, Dow, Nasdaq, Ark Invest, Treasury, Capital, TrendSpider . Kansas City Southern, Canadian Pacific Railway Ltd, Dow Jones, Bank, NYSE Locations: Turkey, New York, cyclicals, U.S, TrendSpider . Kansas, United States, Mexico, Canada, Bengaluru
Wall Street closes up on tech rebound; Tesla gains
  + stars: | 2021-03-22 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. (Graphic: Tesla's 12-month stock performance trounces Nasdaq, )Growth stocks rose more than 1% while value shares traded near break-even in a reversal of this year’s big rotation in investment portfolios. “It’s going to look like tech and growth is back but I think it will be much more moderate than people think,” Hayes said. “There’s a plethora of growth, growth across many sectors, and we’ve seen managers bidding those (shares) up in cyclicals and value. The S&P 500 tech index jumped, while energy and financials closed in the red.
Persons: Tesla, Brendan McDermid Tesla, stockpicker Cathie Wood, Tom Hayes, “ It’s, ” Hayes, , we’ve, , it’s, Jake Wujastyk, Tayyip Erdogan’s Organizations: YORK, Wall, New York Stock Exchange, REUTERS, Nasdaq, Ark Invest, Treasury, Capital, Dow, TrendSpider . Kansas City Southern, Canadian Pacific Railway Ltd, Dow Jones, Bank Locations: St, New York City, U.S, Monte, New York, cyclicals, TrendSpider . Kansas, United States, Mexico, Canada, Turkey
Wall Street rises on tech rebound; Tesla gains
  + stars: | 2021-03-22 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. Growth stocks rose 1.82% while value shares were flat. “There’s a plethora of growth, growth across many sectors, and we’ve seen managers bidding those (shares) up in cyclicals and value. The S&P 500 tech index jumped about 2.35%, while energy and financials were in the red. The S&P 500 posted 11 new 52-week highs and no new lows; the Nasdaq Composite recorded 87 new highs and 23 new lows.
Persons: Tesla, Brendan McDermid Tesla, stockpicker Cathie Wood, Tom Hayes, “ It’s, ” Hayes, , we’ve, , it’s, Jake Wujastyk, Tayyip Erdogan’s Organizations: YORK, New York Stock Exchange, REUTERS, Nasdaq, Ark Invest, Treasury, Capital, Dow, TrendSpider . Kansas City Southern, Canadian Pacific Railway Ltd, Dow Jones, Bank, NYSE Locations: St, New York City, U.S, New York, cyclicals, TrendSpider . Kansas, United States, Mexico, Canada, Turkey
Salomon Melgen: Trump commuted the prison sentence of Melgen, an eye doctor and major Democratic donor convicted of defrauding Medicare patients. Urlacher faced two counts in the case, each of which had carried a potential prison sentence of five years. Here is the full list, as provided by the White House:Abel Holtz – President Trump granted a full pardon to Abel Holtz. Jaime A. Davidson – President Trump commuted the sentence of Jaime A. Davidson. Those assisted by Ms. Povah’s organization include Ms. Adrianne Miller, whose remaining prison sentence the President commuted.
Persons: Donald Trump, Steve Bannon, Elliott Broidy, Alex Adjmi, Adjmi, Fred Keith Alford, Alford, Michael Ashley, Ashley, Stephen K, Bannon, Trump's, , Guo Wengui, Lynn Barney, Trump, David Barren, Barack Obama, Faustino Bernadett, Bernadett, , , Carl Andrews Boggs, Boggs, Kristina Bohnenkamp, Todd Boulanger, Jack Abramoff, Boulanger, Abramoff, Jonathon Braun, Braun, Broidy, Dwayne Michael Carter Jr, Carter, Lil Wayne, Randall “ Duke ” Cunningham, Paul Erickson, Erickson, Rodney Nakia Gibson, Gibson, Jeffrey Rosen, couldn’t, George Gilmore, Gilmore, Chris Christie, Gregory, Martin Jorgensen, Deborah Jorgensen, Gregory Jorgensen, Bill K, Bill Kapri, Kwame Kilpatrick, Kilpatrick, Kenneth Kurson, Kurson, Jared Kushner, Anthony Levandowski, Salomon Melgen, New Jersey Sen, Bob Menendez, Desiree Perez, Perez, Jay, Rick Renzi, Aviem Sella, Sella, Jonathan Jay Pollard, Benjamin Netanyahu, Brian Simmons, Syrita Steib, Syrita, Steib, Patrick Lee Swisher, Patrick Swisher, Swisher, David Tamman, Tamman, Casey Urlacher, Urlacher, Brian Urlacher, Monstsho Eugene Vernon, Vernon, Blanca, Blanca Virgen, Virgen, Jerry Donnell Walden, Walden, John Harold Wall, Wall, , William Walters, Las, Walters, Harry Reid, Phil Mickelson, Eliyahu Weinstein, Weinstein, Brett Tolman, Bob Barr, Alan Dershowitz, Shalom Weiss, Weiss, Jay Sekulow, Tom Leroy Whitehurst, Whitehurst, he’s, Caroline Yeats, Chris Young, Young, Kim Kardashian, Robert, Bob, Zangrillo, Robert Zangrillo, Abel Holtz –, Abel Holtz, Representative Mario Diaz, Balart, Holtz, Jaime A, Davidson, Davidson’s, Alice Johnson, James E, Johnson, Jr, Tommaso Buti, Buti, Jawad A, Musa –, Musa, Adriana Shayota –, Adriana Shayota, Shayota, John McCann, Glen Moss, Moss, Michael Liberty, Liberty’s, Susan Austin, Matthew E, Anthony Fratianne, Liberty, Greg Reyes, Shon Hopwood, Reyes, Ferrell Damon Scott, Sam Sheldon, , Scott, Ms, Mr, Jeffrey Alan Conway, Conway’s, Gary N, Solomon, Ely Hurwitz, Conway, Benedict Olberding, Olberding, Lou Hobbs, Hobbs, Matthew Antoine Canady –, Matthew Antoine Canady, Canady, Mario Claiborne, Claiborne, Luis Fernando Sicard, Sicard, DeWayne Phelps, Phelps, Isaac Nelson –, Isaac Nelson, Nelson, Traie Tavares Kelly, Kelly, Javier Gonzales, Gonzales, Eric Wesley Patton, Rod Rosenstein, Patton, Robert William Cawthon –, Robert William Cawthon, Cawthon, Hal Knudson Mergler, Mergler, Gary Evan Hendler –, Gary Evan Hendler, Hendler, Tom Wolf, Steven Samuel Grantham, Grantham, Clarence Olin Freeman, Freeman, John Knock, Kenneth Charles Fragoso, Fragoso, Luis Gonzalez, Gonzalez, Anthony DeJohn, DeJohn, Corvain Cooper, Cooper, Long, . Long, Michael Pelletier –, Michael Pelletier, Pelletier, Craig Cesal, Cesal, Darrell Frazier, Frazier, Joe Johnson, Lavonne Roach, Roach, Robert Francis –, Robert Francis, Francis, Houston , Texas Derrick Smith, Derrick Smith, Smith, Raymond Hersman, Hersman, James Romans, Michael Harris, Harris, Kyle Kimoto, Kimoto, Chalana McFarland, McFarland, John Estin Davis, Caroline Bryan, Luke Bryan, Ellen Boyer, Amy Davis, Kim Davis, Brandon McWherter, Sheila McWherter, Jeff Hall, Brad Maltz, Brent Ford, Mark Lotito, Keri Rowland, Mark Rowland, Stephen Stock, Davis, Douglas Jemal, Jemal, Noah Kleinman –, Noah Kleinman, Kleinman, Scott Harkonen, Harkonen, Johnny D, Phillips, Rand Paul, Mahmoud Reza Banki, John Lewis, Diane Feinstein, Banki, Tena Logan, Logan, MaryAnne Locke, Locke, Jodi Lynn Richter, Richter, Mary Roberts –, Mary Roberts, Roberts, Cassandra Ann Kasowski, Kasowski, Lerna Lea Paulson, Paulson, Ann Butler, Butler, Sydney Navarro, Navarro, Tara Perry, Perry, John Nystrom, Kristi Noem, Michael Rounds, . Nystrom, Nystrom, Jessica Frease, Lynne Hix, Frease, Robert Cannon, Robin ” Hayes, Hayes, Thom Tillis, Thomas Kenton “ Ken ” Ford, Ken Ford, Ford’s, Ford, ” Jon Harder, Jon Harder, Michael Hogan, Ford Elsaesser, Harder, Judge Hogan, Elsaesser, Scott Conor Crosby, Crosby, Martha McSally, Adrianne Miller, Miller, Joshua J, Smith ., Bill Lee, Tim Burchett, Tennessee Department of Corrections Tony Parker, David Rausch, Amy Povah, Povah, Clinton, Frederick Nahas, Jeff Van Drew, Dr, Nahas, Fred “ Dave ” Clark, Dave Clark’s, Ken Starr, Clark, Todd Farha, Thaddeus Bereday, William Kale, Paul Behrens, Peter Clay –, Peter Clay, Farha, Kale, Behrens, Clay, David Rowland –, David Rowland, Lindsey Graham, Rowland, Stephen Odzer, Matthew Whitaker, Sigmund “ Sig ” Rogich, Jason Greenblatt, Michael Steinhardt, Wayne Allyn Root, Salvador Moran, Odzer, James Brian Cruz –, James Brian Cruz, Cruz’s, Robert Jeffress, Kelly Shackelford, Cruz, ” Mr, ” Steven Benjamin Floyd –, Steven Benjamin Floyd, Mark Green, Floyd, Joey Hancock, Roger Wicker, Hancock, David E, Governor Lee, ” James Austin Hayes, James Austin Hayes, Hayes’s, Paula White, Rick Hendrick, Jeff Gordon, Drew Brownstein, Makan Delrahim, Brownstein, Robert Bowker, Bowker’s, Ann Marie Pallan, Sherriff Butch Anderson, Robert Trump, Bowker, Lacey, Rudy “, Komarek, Amir Khan, Khan, Jude Children’s, Robert Sherrill –, Robert Sherrill, Sherrill, Robert S, Corkern, Cindy Hyde, Phil Bryant, Michael Mansour, David Lamar Clanton, Alton Shaw, Mark Galtelli, Terri Rielley, Clanton, Clanton’s, Hillel Nahmad, Nahmad, Brian McSwain –, Brian McSwain, McSwain, John Duncan Fordham, Fordham, William “ Ed ” Henry –, William “ Ed ” Henry of Alabama, Tommy Tuberville, Henry, Jeff Cheney, Marquis Dargon, Jennings Gilbert, Dwayne L, Harrison, Reginald Dinez Johnson, Sharon King, Hector Madrigal, Sr Organizations: America, White, Prosecutors, . Postal Inspection Service, Attorney’s, Department of Justice, Customs, Republican National Committee, Trump, California Republican, NRA, GOP, New, New Jersey Gov, New York Observer, cyberstalking, Technologies, Roc Nation, Former U.S . Rep, Israeli, Securities and Exchange Commission, Chicago Bears, National Association of Criminal Defense, U.S, University of Southern, Representative, City, City of Miami Beach, Mr, , UNICEF, St Jude's Hospital for Children, Breast Cancer, Colon Cancer Foundation, Danbury Hospital, Michael Liberty –, United, Communications, Circuit, Appeals, CAN, DO Foundation, Bureau of Prisons, Mario Claiborne –, AA, Pennsylvania, United States Navy, UNICOR, Catholic, Joe Johnson Tennis Foundation, Chalana McFarland –, United States, Middle, Middle District of, University of California, Princeton University, Sydney, Sydney Navarro –, Crowe, Sunday, Knights, Habitat, Humanity, North, North Carolina Republican Party, National Council of Republican, North Carolina Congressional, Thomas Kenton “ Ken ” Ford –, Sunwest Management Inc, Federal, Mayor, State of, Offenders, Smith . Tennessee, Tennessee Department of Corrections, Tennessee Bureau, Fred “ Dave ” Clark –, Aleph Institute, CATO Institute, Reason Foundation, National Association of Criminal Defense Lawyers, Messrs, Service, Baptist Church, First Liberty Institute, United States Marines Corps, Valor, Hendrick Motorsports, NASCAR, Antitrust, Boys & Girls, Jewish Family Services of Colorado, Miami, Humane Society of, World Wildlife Fund, Wildlife Conservation Society, St, Jude, Jude Children’s Hospital, Boys Town, Covenant, Towers Foundation, Salvation Army, Mississippi Army National Guard, District Locations: Covid, Malaysian, California, Florida, New Jersey, Detroit, Former, Arizona, Israeli, Israel, U.S, New Orleans, Charlotte , North Carolina, Mettawa , Illinois, Greenville , South Carolina, Blanca Virgen, Mexico, Las Vegas, Lakewood , N.J, Miami , FL, South Florida, City of Miami, Italian, United States, Baltimore , Maryland, Chula Vista , California, Ann's, UNICOR, Houston , Texas, American, Middle District, Middle District of Tennessee, Iranian American, Berkeley, Los Angeles, Knights of Columbus, South Dakota, North Carolina, Government, Sunwest’s, Mesa , Arizona, State of Arizona, America, overcriminalization, New York City, Dallas , Texas, Iraq, Denver, District of South Carolina
Wall Street rises as Yellen speaks; spotlight on earnings
  + stars: | 2021-01-19 | by ( Devik Jain | Medha Singh | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Brendan McDermidAt her confirmation hearing, Yellen said the benefits of a big package outweigh the costs of a higher debt burden. President-elect Joe Biden, who will be sworn into office on Wednesday, outlined a $1.9 trillion stimulus package proposal last week to jump-start the economy and accelerate the distribution of vaccines. Wall Street’s main indexes rallied to record highs recently on hopes of a speedy economic recovery fueled by a hefty fiscal stimulus package and vaccine distribution. Tesla Inc gained 1.6% after Jefferies raised its earnings estimates ahead of the electric-car maker’s fourth-quarter results next week. The S&P 500 posted 24 new 52-week highs and no new low, while the Nasdaq recorded 326 new highs and 10 new lows.
Persons: Janet Yellen, Frank Masiello, Brendan McDermid, Yellen, Joe Biden, , Thomas Hayes, They’re, ” Hayes, Jefferies Organizations: Reuters, New York Stock Exchange, REUTERS, Great, ” Bank of America, JPMorgan, Citigroup Inc, Wells Fargo & Co, Big U.S, Goldman Sachs Group, Dow Jones, Nasdaq, Tesla, Boeing Co, NYSE Locations: St, New York, U.S, Great Hill, Big, Canada, Europe
Wall Street rises as market anticipates additional U.S. stimulus
  + stars: | 2021-01-19 | by ( Echo Wang | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Brendan McDermidAt her confirmation hearing, Yellen said the benefits of a big package outweigh the costs of a higher debt burden. President-elect Joe Biden, who will be sworn into office on Wednesday, outlined a $1.9 trillion stimulus package proposal last week to jump-start the economy and accelerate the distribution of vaccines. “The key driver is really the additional stimulus coming our way,” said Jeffrey Carbone, managing partner at Cornerstone Wealth, in Huntersville, North Carolina. “With Janet Yellen saying we need more, so the market is anticipating additional stimulus coming out of Washington. Wall Street’s main indexes rallied to record highs recently on hopes of a speedy economic recovery fueled by a hefty fiscal stimulus package and vaccine distribution.
Persons: Janet Yellen, Frank Masiello, Brendan McDermid, Yellen, Joe Biden, , Jeffrey Carbone, , They’re, ” Hayes, “ Goldman, Goldman, ” Carbone, Jefferies Organizations: Reuters, Treasury, New York Stock Exchange, REUTERS, Cornerstone Wealth, Bank of America, JPMorgan, Citigroup Inc, Wells Fargo & Co, Big U.S, Goldman Sachs Group, BofA, Dow Jones, Nasdaq, Tesla, Boeing, NYSE Locations: St, New York, U.S, Huntersville , North Carolina, Washington, Canada, Europe
NEW YORK (Reuters) - Asian stocks were mostly lower on Tuesday, tracking Wall Street declines as political turmoil in Washington and rising coronavirus cases worldwide weighed on sentiment ahead of the start of the quarterly earnings season. Investors also kept an eye on the continued spread of the coronavirus globally as cases surpassed 90 million on Monday, according to a Reuters tally. On Wall Street, the Dow Jones Industrial Average fell 0.29%, the S&P 500 lost 0.66% and the Nasdaq Composite dropped 1.25%. Crude oil prices fell, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns across the globe, as well as the stronger dollar. U.S. crude recently fell 0.1% to $52.19 per barrel and Brent was at $55.61, down 0.68% on the day.
Persons: Issei Kato, Donald Trump, Trump, Investors, Parler, , Thomas Hayes, Korea’s KOSPI, Australia’s, JP Morgan, ” Hayes, Sterling, Brent Organizations: YORK, REUTERS, Democrats, U.S, Capitol, Twitter Inc, Amazon.com, Inc, Facebook Inc, Apple Inc, Reuters, Twitter, Great, Nikkei, Dow Jones, Nasdaq, Citi, Wells, White Locations: Washington, Tokyo, Japan, Great Hill, New York, Korea’s
(Reuters) - The S&P 500 and the Dow were set to open at a record high in the first trading session of the year on Monday, building on a rally that has been powered by hopes of a vaccine-driven recovery in the global economy. FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in the financial district in New York, U.S., November 24, 2020. On the vaccine front, Britain on Monday became the first country to roll out the COVID-19 shot developed by Oxford University and AstraZeneca. ET, Dow E-minis rose 0.35%, S&P 500 E-minis gained 0.37% and Nasdaq 100 E-minis added 0.45%, with all three stock index futures hitting all-time highs. Shares of Goldman Sachs and Morgan Stanley rose about 1% each, outperforming other U.S. lenders, after Barclays upgraded its ratings on both stocks to “overweight”.
Persons: Brendan McDermid, , Thomas Hayes, Joe Biden’s, ” Hayes, Goldman Sachs, Morgan Stanley Organizations: Reuters, Dow, New York Stock Exchange, REUTERS, Monday, Oxford University, AstraZeneca, Great, Capital, Dow E, Nasdaq, Tesla Inc, FLIR Systems, Teledyne Technologies Inc, Barclays Locations: New York, U.S, Europe, China . U.S, Britain, Georgia
FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Retail stocks including those of Kohl’s Corp, Walmart Inc and Macy’s Inc rose between 0.3% and 2.2% in premarket trading after the National Retail Federation flagged the possibility of high pre-Christmas demand. Dismal retail sales data and unemployment claims through the week were also seen as furthering the case for more stimulus. Wall Street indexes were set to end the week higher, with the Nasdaq set to outperform its peers with a 3.1% gain on sustained buying into technology stocks. Centene Corp dropped 2.5% after the health insurer forecast 2021 adjusted profit below Wall Street estimates, as it said enrollment in its Obamacare plans was not coming in as expected.
Persons: Mike Segar, , Thomas Hayes, Santa Claus, ” Hayes, Donald Trump Organizations: Reuters, Wall, New York Stock Exchange, REUTERS, Kohl’s Corp, Walmart Inc, Macy’s, National Retail Federation, Great, Capital, Dow E, Nasdaq, Microsoft Corp, U.S, FedEx Corp, United Parcel Service Inc, Centene Corp, Inc's, U.S . Food, Drug Administration Locations: Manhattan, New York City , New York, U.S, New York, Santa
(Reuters) - Wall Street retreated from record highs on Friday as a coronavirus stimulus deal remained in focus ahead of a weekend deadline, while Tesla shares hit their highest in anticipation of their addition to the S&P 500 next week. FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike SegarAll the three major indexes hit a record high at the open, before retreating. Electric-car maker Tesla Inc rose 2% to a record high, seeing massive trading volumes as it becomes the most valuable company ever added to Wall Street’s main benchmark index. Wall Street indexes were set to end the week higher, with the Nasdaq set to outperform its peers with a more than 3% gain on sustained buying into technology stocks.
Persons: Mike Segar, , Thomas Hayes, ” Hayes, decliners Organizations: Reuters, Wall, New York Stock Exchange, REUTERS, Tesla, Great, Kohl’s, Macy’s Inc, National Retail Federation, Dow Jones, Nasdaq, Microsoft Corp, U.S, FedEx Corp, United, Service, NYSE Locations: Manhattan, New York City , New York, U.S, New York
FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike SegarShipments of the Pfizer-BioNTech vaccine fanned out to distribution points across the United States on Sunday, with injections set to begin later on Monday. Travel and leisure stocks are the worst hit by restrictions on movement due to the virus outbreak, and have reacted positively to any vaccine-related news. ET, Dow e-minis were up 247 points, or 0.82%, S&P 500 e-minis were up 27 points, or 0.74%, and Nasdaq 100 e-minis were up 55.5 points, or 0.45%. Shares of delivery firms FedEx Corp and United Parcel Service Inc, which are leading the vaccine distribution project, rose about 1.7% and 1.9%, respectively.
Persons: Mike Segar, , Thomas Hayes, AstraZeneca, ” Hayes, Alibaba Organizations: Reuters, Alexion Pharmaceuticals, AstraZeneca, Wall, New York Stock Exchange, REUTERS, Pfizer, Great, Capital, Carnival Corp, Royal Caribbean Cruises, American Airlines Group, Dow e, Nasdaq, Alexion Pharmaceuticals Inc, FedEx Corp, United Parcel Service Inc, Alibaba, Holding, Tencent Holdings Locations: Manhattan, New York City , New York, U.S, United States, New York, China
FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike SegarShipments of the Pfizer-BioNTech vaccine fanned out to distribution points across the United States on Sunday, with injections set to begin on Monday. Healthcare stocks were among the best performing S&P 500 sectors on Monday. U.S. stocks had rallied through the past few weeks, with the S&P 500 touching a series of record highs as markets bet on the swift approval and roll-out of a vaccine. Shares of delivery firms FedEx Corp and United Parcel Service Inc, which are leading the vaccine distribution project, rose 1.7% and 1.3%, respectively.
Persons: Mike Segar, , Thomas Hayes, ” Hayes, Alibaba Organizations: Reuters, Alexion Pharmaceuticals, AstraZeneca, Wall, New York Stock Exchange, REUTERS, Pfizer, Great, Capital, Carnival Corp, Royal Caribbean Cruises, American Airlines Group, Alexion Pharmaceuticals Inc, Nasdaq, British, Dow Jones, FedEx Corp, United Parcel Service Inc, Alibaba, Holding, Tencent Holdings, NYSE Locations: Manhattan, New York City , New York, U.S, United States, New York, AstraZeneca’s U.S, ., China
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