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Markets Rally On Better Than Expected GDP; Dow Has Best Close In More Than A Month
Thursday, October 30, 2014 - 5:09pm | 1851Read More...U.S. stocks rose on Thursday after government data showed the U.S. economy grew 3.5 percent in the third quarter, better than the 3.0 percent expected. Investors brushed off a poor reading on the number of Americans filing for jobless benefits, which rose last week in favor of GDP data; this...
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Bank of America: Nokia Top European Pick
Thursday, October 9, 2014 - 2:30pm | 286Read More...Nokia (NYSE: NOK) is Bank of America's top European pick, according to U.K. based analyst Kai Korschelt. “Our analysis of Nokia's IP portfolio opportunity reveals mid-to high double digit percentage bull-case upside potential to 2016E street earnings per share,” Korschelt wrote. “We expect the...
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Markets Little Changed In Low Volume And Slow News Ahead Of Long Weekend
Wednesday, August 27, 2014 - 5:17pm | 2425Read More...U.S. stocks were little changed with the S&P 500 closing for the second straight day above the 2,000 mark. Markets were on track for a flat open and volume and volatility remained relatively light throughout the trading session as geopolitical events remain in focus. Israel and Gaza have...
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#PreMarket Primer: Friday, August 22: Draghi, Yellen Set To Speak At Jackson Hole
Friday, August 22, 2014 - 7:07am | 1216Read More...Jackson Hole will be in focus on Friday, as two of the world’s top central bankers, the Federal Reserve’s Janet Yellen and European Central Bank President Mario Draghi, are set to speak at the summit later in the day. Yellen will take top bill, as investors look to confirm what the...
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Markets Higher In Another Quiet Session Ahead Of Expiration Of Ceasefire Between Israel And Hamas
Wednesday, August 13, 2014 - 4:43pm | 2982Read More...U.S. stocks rose for the third time in four days bringing the Dow back into positive territory for the year. Investors appeared to brush up poor retail sales from Macy's while focusing on business inventories that rose in June. On the international front, Ukraine said it would not allow...
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S&P 500 Falls To Two-Month Low, Dow Drifts Further Away From The 17,000 Mark
Thursday, August 7, 2014 - 4:41pm | 2840Read More...U.S. stocks declined, following Europe's lead following the European Central Bank's decision to keep interest rates unchanged. The ECB's President Mario Draghi reaffirmed the bank's intention of considering "unconventional moves," which includes buying asset-backed...
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#PreMarket Primer: Thursday, August 7: Russia Set To Release A List Of Banned Goods
Thursday, August 7, 2014 - 7:03am | 1181Read More...In response to tougher sanctions from the EU and the U.S., Russia has announced a ban on food products from both regions. The list of items that will be shut out is expected to be released later on Thursday and is rumored to include fruit, vegetables and some meat products. Analysts believe the...
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Markets Little Changed As Ukraine Uncertainty And Fears Persist
Wednesday, August 6, 2014 - 4:58pm | 3178Read More...U.S. stocks were little changed as uncertainty in Ukraine remains with comments out of Poland's government suggesting that the likelihood of a Russian invasion of Ukraine has increased over the past day. NATO's deputy secretary general shared similar sentiments and stated that Russia...
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Dow Breaks Four-Day Losing Streak As Calm Restores Last Week's Jittery Market
Monday, August 4, 2014 - 4:57pm | 2610Read More...U.S. stocks rallied to start the week on a positive note. Investors are looking for bullish signs that can erase last weeks declines, as the S&P 500 had its largest weekly drop since 2012 and the Volatility Index surged more than 30 percent. Portugal's Central Bank plans to spend 4.9...
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Evercore Partners: T-Mobile US Will Strive With Or Without A Buyout
Monday, August 4, 2014 - 2:19pm | 456Read More...Investors continue buying shares of T-Mobile US (NYSE: TMUS) with expectations that the company will be acquired at a hefty premium by France-based Iliad or potentially Sprint. Jonathan Schildkraut of Evercore Partners is suggesting buying shares of T-Mobile is a prudent move regardless of any...
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#PreMarket Primer: Friday, August 1: Three Day Truce Between Hamas And Israel Begins
Friday, August 1, 2014 - 7:07am | 1180Read More...After weeks of difficult negotiations, U.S. Secretary of State John Kerry announced that an agreement between Israel and Hamas to end the fighting in Gaza had been reached. The truce, which begins on Friday, will last for only three days, during which time representatives from both sides will...
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Stocks Mixed Despite Better Than Expected GDP
Wednesday, July 30, 2014 - 4:43pm | 2929Read More...U.S. stocks were mixed as the Fed continued to wind down its monthly asset purchase program by another $10 billion. The Fed noted that the economy rebounded in the second quarter despite significant under-utilization remaining in the labor market. As such, the Fed noted, it will maintain a...
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Market Wrap For June 10: Stocks Showed Little Change On Light Volume
Tuesday, June 10, 2014 - 4:41pm | 2151Read More...U.S. stocks were mostly unchanged on a catalyst-light day characterized by low volume. The SPDR S&P 500 ETF (NYSE: SPY) has a three-month daily average volume of over 101 million only traded hands 47.8 million times on Tuesday. With little economic or market moving catalysts due in the...
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#PreMarket Primer: Thursday, June 5: ECB Meeting To Be The Main Event
Thursday, June 5, 2014 - 7:09am | 1279Read More...Since last month’s European Central Bank policy meeting, investors have been on high alert as ECB President Mario Draghi all but promised that the bank would ease at June’s meeting. The bank is widely expected to cut its main interest rate to 0.10 percent and take its deposit rate...
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What Is T-Mobile Doing With ETFs?
Monday, June 2, 2014 - 3:31pm | 671Read More...T-Mobile (NYSE: TMUS) sees ETFs as key to its future. Sprint (NYSE: S) and parent Softbank Corp., hoping to merge with the company sooner rather than later, has to decide how it will deal with them. ETFs, in this situation standing for “Early Termination Fees,” are the meat...














