Stocks on the move Real-time Equity news
U.S. stock market report
1700 ET 22May2009
Dow has longest losing streak since March 3
The Dow's lower close for a fourth day in a row on Friday marked its longest losing streak since the five days ended March 3, according to Dow Jones Indexes.
The index is now down 5.7 percent year-to-date and up 1.3 percent month-to-date, it said.
It lost 2.7 percent in the past four sessions, it said.
1646 ET 22May2009-GLOBAL MARKETS
Dlr weakens more on credit fears, bonds slip
U.S. stocks slid, the dollar dropped to a 2009 low and government bonds fell further on Friday on worries over rising U.S. debt levels after investors questioned the strength of the country's AAA credit rating.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1638 ET 22May2009-US STOCKS
Wall St falls on U.S. deficit worries
U.S. stocks declined for a fourth day on Friday as worries about the U.S. budget deficit persisted, with U.S. Treasuries and the dollar also losing ground.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1623 ET 22May2009 Investors eye SPDR Gold Trust ETF calls
Shares of the world's largest bullion-backed exchange-traded fund, the SPDR Gold Trust or GLD, rose 30 cents to $94.15. One trade of interest was the work of an investor who is likely long shares of GLD, said Andrew Wilkinson, market analyst at Interactive Brokers Group in a note. The trader sold 5,000 calls at the July $100 strike price for a $2.15 premium and also sold 10,000 calls at the higher July $107 strike for $1 each. Perhaps the transactions represent covered calls, he said. If so, the investor enjoys the premiums granted for writing the options and establishes effective exit positions. 'About one-third of his shares will be called away from him at expiration if the July $100 calls land in-the-money by expiration with the remaining shares called from him in the event that the July $107 calls land in-the-money,' he said. GLD would need to rally by as much as 14 percent for the July $107 calls to expire in-the-money.
1605 ET 22May2009 LDK Solar option sentiment mixed after qtrly net loss
Shares of Chinese solar wafer maker LDK Solar Co Ltd dropped 16.45 percent to $7.77 after the company reported a wider-than-expected quarterly net loss as the global credit crisis dried up funding for renewable energy projects.
In the options market, volume was double the combined daily turnover as 11,000 puts and 6,719 calls traded, according to Trade Alert. The June $10 calls are the most active, with 2,665 contracts traded. 'It looks like some premium buyers are taking advantage of today's weakness to take positions in the contract, which is 27.9 percent out-of-the-money with four weeks left until expiration,' said WhatsTrading.com. He also said the equity's implied option volatility is down to 104 percent, from about 125 percent yesterday.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
0930 ET 22May2009
Markets open higher after Moody's comments, Sears
Major U.S. indexes opened higher on Friday, Moody's Investors Service said it was comfortable with the AAA sovereign rating on the United States.
Sentiment was also lifted after Sears reported a surprise first-quarter profit.
The Dow Jones industrial average rose 0.2 percent to 8,310.45 while the S&P 500 gained 0.2 percent to 890.43 and the Nasdaq was up 0.3 percent to 1,701.09.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0842 ET 22May2009
Futures up on Moody's comments, Sears
U.S. index futures were up on Friday after Moody's Investors Service said it was comfortable with the triple-A sovereign rating on the United States.
Sentiment was also lifted after Sears reported a surprise first-quarter profit. For details, see
Dow Jones industrial average futures rose 52 points while S&P 500 futures gained 5.3 points and Nasdaq 100 futures were up 7.75.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0819 ET 22May2009
GFT sees higher open for the markets
GFT forecast a higher open for U.S. markets on Friday, saying that after two days of losses, the indexes were steadying.
'We have a long weekend in the US as well as here, and while volumes could be light, we can expect some volatility as traders square up positions,' it wrote. 'Few will want to carry anything significant as markets gear up for a potential big move.'
The firm expects the Dow Jones industrial average to open up 62 points while the S&P 500 opens up 7 points.
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
1700 ET 22May2009
Dow has longest losing streak since March 3
The Dow's lower close for a fourth day in a row on Friday marked its longest losing streak since the five days ended March 3, according to Dow Jones Indexes.
The index is now down 5.7 percent year-to-date and up 1.3 percent month-to-date, it said.
It lost 2.7 percent in the past four sessions, it said.
1646 ET 22May2009-GLOBAL MARKETS
Dlr weakens more on credit fears, bonds slip
U.S. stocks slid, the dollar dropped to a 2009 low and government bonds fell further on Friday on worries over rising U.S. debt levels after investors questioned the strength of the country's AAA credit rating.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1638 ET 22May2009-US STOCKS
Wall St falls on U.S. deficit worries
U.S. stocks declined for a fourth day on Friday as worries about the U.S. budget deficit persisted, with U.S. Treasuries and the dollar also losing ground.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1623 ET 22May2009 Investors eye SPDR Gold Trust ETF calls
Shares of the world's largest bullion-backed exchange-traded fund, the SPDR Gold Trust or GLD, rose 30 cents to $94.15. One trade of interest was the work of an investor who is likely long shares of GLD, said Andrew Wilkinson, market analyst at Interactive Brokers Group in a note. The trader sold 5,000 calls at the July $100 strike price for a $2.15 premium and also sold 10,000 calls at the higher July $107 strike for $1 each. Perhaps the transactions represent covered calls, he said. If so, the investor enjoys the premiums granted for writing the options and establishes effective exit positions. 'About one-third of his shares will be called away from him at expiration if the July $100 calls land in-the-money by expiration with the remaining shares called from him in the event that the July $107 calls land in-the-money,' he said. GLD would need to rally by as much as 14 percent for the July $107 calls to expire in-the-money.
1605 ET 22May2009 LDK Solar option sentiment mixed after qtrly net loss
Shares of Chinese solar wafer maker LDK Solar Co Ltd dropped 16.45 percent to $7.77 after the company reported a wider-than-expected quarterly net loss as the global credit crisis dried up funding for renewable energy projects.
In the options market, volume was double the combined daily turnover as 11,000 puts and 6,719 calls traded, according to Trade Alert. The June $10 calls are the most active, with 2,665 contracts traded. 'It looks like some premium buyers are taking advantage of today's weakness to take positions in the contract, which is 27.9 percent out-of-the-money with four weeks left until expiration,' said WhatsTrading.com. He also said the equity's implied option volatility is down to 104 percent, from about 125 percent yesterday.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
0930 ET 22May2009
Markets open higher after Moody's comments, Sears
Major U.S. indexes opened higher on Friday, Moody's Investors Service said it was comfortable with the AAA sovereign rating on the United States.
Sentiment was also lifted after Sears reported a surprise first-quarter profit.
The Dow Jones industrial average rose 0.2 percent to 8,310.45 while the S&P 500 gained 0.2 percent to 890.43 and the Nasdaq was up 0.3 percent to 1,701.09.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0842 ET 22May2009
Futures up on Moody's comments, Sears
U.S. index futures were up on Friday after Moody's Investors Service said it was comfortable with the triple-A sovereign rating on the United States.
Sentiment was also lifted after Sears reported a surprise first-quarter profit. For details, see
Dow Jones industrial average futures rose 52 points while S&P 500 futures gained 5.3 points and Nasdaq 100 futures were up 7.75.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0819 ET 22May2009
GFT sees higher open for the markets
GFT forecast a higher open for U.S. markets on Friday, saying that after two days of losses, the indexes were steadying.
'We have a long weekend in the US as well as here, and while volumes could be light, we can expect some volatility as traders square up positions,' it wrote. 'Few will want to carry anything significant as markets gear up for a potential big move.'
The firm expects the Dow Jones industrial average to open up 62 points while the S&P 500 opens up 7 points.
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.