Stocks on the move Real-Time Equity news
U.S. stock market report
1530 07Apr2009
U.S. economic indicators for April 8
Economic indicators on tap for Wednesday include wholesale trade inventories for February and minutes from the rate-setting Federal Open Market Committee.
For more details, see.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1720 07Apr2009
U.S. earnings diary for April 8
Companies expected to report quarterly results on Wednesday include discount retailer Family Dollar Stores Inc.
For more details, see.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1639 07Apr2009 RTRS-US STOCKS
Earnings worries take Wall Street lower
U.S. stocks slid on Tuesday, hammered by fears that companies will show they struggled in the first quarter as the recession dragged on as the earnings season prepared to kick off.
After the worst fourth-quarter earnings season on record, investors were expecting another round of poor profits, starting with aluminum producer Alcoa Inc after the closing bell.
For more details, see
Reuters Messaging: ellis.mnyandu.reuters.com@reuters.net
1518 ET
07April2009 Traders focus on Gap call options
Shares of apparel retailer Gap Inc fell 2.84 percent to $14.05 in late trade and more than 15,000 of the equity's April $15 calls traded, compared with only 1,500 of existing open interest. Earlier in the session, 81 percent of the calls hit ask-side. It looked like some traders opened new bullish, short-term positions on the retailer, perhaps in anticipation of March same-store sales on Thursday, said WhatsTrading.com option strategist Frederic Ruffy. April options expire next Friday and, due to the holiday this Friday, have only seven trading days of life remaining after today. In all, about 19,000 calls and 2,276 puts traded in Gap, five times the normal combined daily volume. Sentiment based on order flow was 60 percent bullish, Trade Alert data show.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1450 07April2009
Charts suggest pullback akin to November reversal
According to Thomson Reuters chart data, the recent run-up in U.S. stocks bears some of the hallmarks of the prior bounce that followed the stock market's initial descent to 12-year lows back in November.
The farthest the benchmark S&P 500 got from its Nov 20th low was up 24.22 percent on Jan. 1, 2009.
Now with concerns mounting that the market could again be on the cusp of another pullback, charts show that the recovery peak from the March 9th bear market closing low marked a gain of 24.53 percent as of April 3.
Market technicians consider prior recovery peaks as presenting significant resistance to a further advance, raising the prospect that the recent rally may have run its course in the near-term.
Reuters Messaging: ellis.mnyandu.reuters.com@reuters.net
1435 ET 07April2009
Markets extend losses on GM anxiety, earnings
Major U.S. indexes fell on Tuesday, as investors fretted what is expected to be another bleak earnings season, and after the news that General Motors was said to be in 'intense' preparations for a possible bankruptcy filing.
The Dow Jones industrial average fell 2.5 percent to 7,776.49 while the S&P 500 lost 2.4 percent to 815.65 and the Nasdaq was off 2.9 percent to 1,560.47.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1403 ET 07April2009
Liberty Media down after paying off debt
Shares of Liberty Media fell on Tuesday, after the company said it used about $503 million in cash to pay off debt at its Liberty Capital division.
The money was used for the early retirement of $750 million face value of exchangeable debentures.
For details, see
Shares of Liberty Media slid 2.8 percent to $3.32 while Liberty Capital was up 9 percent to $7.99.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1349 ET 07April2009
Treasury to delay release of bank stress tests
The U.S. Treasury Department is planning to delay the release of any completed bank stress test results until after the first-quarter earnings season, in order to avoid complicating stock market reaction, a source familiar with the Treasury's discussion said on Tuesday.
The government is testing how the largest U.S. banks would fare under more adverse economic conditions than are expected in an attempt to assess the firm's capital needs.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
U.S. stock market report
1530 07Apr2009
U.S. economic indicators for April 8
Economic indicators on tap for Wednesday include wholesale trade inventories for February and minutes from the rate-setting Federal Open Market Committee.
For more details, see.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1720 07Apr2009
U.S. earnings diary for April 8
Companies expected to report quarterly results on Wednesday include discount retailer Family Dollar Stores Inc.
For more details, see.
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1639 07Apr2009 RTRS-US STOCKS
Earnings worries take Wall Street lower
U.S. stocks slid on Tuesday, hammered by fears that companies will show they struggled in the first quarter as the recession dragged on as the earnings season prepared to kick off.
After the worst fourth-quarter earnings season on record, investors were expecting another round of poor profits, starting with aluminum producer Alcoa Inc after the closing bell.
For more details, see
Reuters Messaging: ellis.mnyandu.reuters.com@reuters.net
1518 ET
07April2009 Traders focus on Gap call options
Shares of apparel retailer Gap Inc fell 2.84 percent to $14.05 in late trade and more than 15,000 of the equity's April $15 calls traded, compared with only 1,500 of existing open interest. Earlier in the session, 81 percent of the calls hit ask-side. It looked like some traders opened new bullish, short-term positions on the retailer, perhaps in anticipation of March same-store sales on Thursday, said WhatsTrading.com option strategist Frederic Ruffy. April options expire next Friday and, due to the holiday this Friday, have only seven trading days of life remaining after today. In all, about 19,000 calls and 2,276 puts traded in Gap, five times the normal combined daily volume. Sentiment based on order flow was 60 percent bullish, Trade Alert data show.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1450 07April2009
Charts suggest pullback akin to November reversal
According to Thomson Reuters chart data, the recent run-up in U.S. stocks bears some of the hallmarks of the prior bounce that followed the stock market's initial descent to 12-year lows back in November.
The farthest the benchmark S&P 500 got from its Nov 20th low was up 24.22 percent on Jan. 1, 2009.
Now with concerns mounting that the market could again be on the cusp of another pullback, charts show that the recovery peak from the March 9th bear market closing low marked a gain of 24.53 percent as of April 3.
Market technicians consider prior recovery peaks as presenting significant resistance to a further advance, raising the prospect that the recent rally may have run its course in the near-term.
Reuters Messaging: ellis.mnyandu.reuters.com@reuters.net
1435 ET 07April2009
Markets extend losses on GM anxiety, earnings
Major U.S. indexes fell on Tuesday, as investors fretted what is expected to be another bleak earnings season, and after the news that General Motors was said to be in 'intense' preparations for a possible bankruptcy filing.
The Dow Jones industrial average fell 2.5 percent to 7,776.49 while the S&P 500 lost 2.4 percent to 815.65 and the Nasdaq was off 2.9 percent to 1,560.47.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1403 ET 07April2009
Liberty Media down after paying off debt
Shares of Liberty Media fell on Tuesday, after the company said it used about $503 million in cash to pay off debt at its Liberty Capital division.
The money was used for the early retirement of $750 million face value of exchangeable debentures.
For details, see
Shares of Liberty Media slid 2.8 percent to $3.32 while Liberty Capital was up 9 percent to $7.99.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1349 ET 07April2009
Treasury to delay release of bank stress tests
The U.S. Treasury Department is planning to delay the release of any completed bank stress test results until after the first-quarter earnings season, in order to avoid complicating stock market reaction, a source familiar with the Treasury's discussion said on Tuesday.
The government is testing how the largest U.S. banks would fare under more adverse economic conditions than are expected in an attempt to assess the firm's capital needs.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.