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1730 ET 11June2009
U.S. economic diary for June 12
The day's economic agenda includes data on May import-export prices at 8:30 a.m. (1230 GMT). Also, Reuters/University of Michigan Surveys of Consumers releases the June preliminary consumer sentiment index at 9:55 a.m. (1355 GMT).
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1725 ET 11June2009
U.S. earnings diary for June 12
No S&P 500 companies are scheduled to report results.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1658 ET 11June2009 Player takes cautious stance in utilities ETF
One cautious option investor appeared to have turned up in the Utilities Select Sector SPDR fund as its shares rose 1.94 percent to $27.83. The XLU ticker symbol jumped onto Interactive Brokers Group most active by options volume market scanner 'after one investor sunk his teeth into a chunk of put options in the September contract,' said Interactive Brokers Group market analyst Andrew Wilkinson. In a note, he said the player appears to have purchased about 35,000 put options for an average premium of 1.35 apiece at the September $27 strike price. Wilkinson surmised that perhaps the investor is long shares of the underlying XLU and is looking to lock into recent gains on the exchange-traded fund by protecting his position from potential downward price movement. 'Downside protection will kick in if shares decline below the break even point at $25.65 by expiration day in September,' he said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1438 ET 11June2009
Markets advance on oil and data
Major U.S. indexes rose on Thursday, as rising oil and other commodity prices lifted energy stocks, while retail sales and weekly jobless claims data bolstered optimism for an economic recovery.
For details, see
The Dow Jones industrial average rose 1.1 percent to 8,829.11 while the S&P 500 gained 1.3 percent to 951.77 and the Nasdaq was up 1.1 percent to 1,873.03.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1349 ET 11June2009
Policy is key to recovery, not consumers: Baukol
Timely policy adjustments, not stepped-up U.S. consumer spending, are the key to pulling the world out of its current economic crisis, a senior U.S. Treasury official said on Thursday.
To sustain a recovery, every major country needs to be aware of how its policies are affecting the world economy and make any necessary changes, said Andrew Baukol, acting assistant secretary for international affairs at the U.S. Treasury.
'We can't all rely on the U.S. consumer going forward to spend,' Baukol said during a conference in Montreal. 'To address this, of course, each major economy, including the United States, will need to take some policy adjustments.'
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1342 ET 11June2009
Jones Apparel rises after CEO comments
Shares of Jones Apparel Group rallied on Thursday, lifted after the company's chief executive officer said business was stabilizing, and that he didn't expect markdowns in the holiday season to be as deep as they were in the prior year.
'Business is a little better than expected,' CEO Wesley Card said at the Reuters Global Retail Summit in New York. 'We feel like things have stabilized and steadied out, particularly in the tier we operate in, at department stores and down.'
For details, see
The stock rose 5.8 percent to $11.08.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1223 ET 11June2009
Nasdaq cuts gains on Symantec's margin comments
The Nasdaq sharply cut gains on Thursday to briefly trade near break-even as shares of Symantec Corp tumbled to a session low, falling nearly 4 percent to $15.83 after the company's chief financial officer predicted margin pressure on consumer business over the next year.
The company is largest maker of computer security and data backup software.
Reuters Messaging: ellis.mnyandu.reuters.com@reuters.net
1218 ET 11June2009
Household net worth falls to $50.4 tln in Q1
U.S. households household wealth fell in the first quarter, as the economic downturn eroded confidence and finances, Federal Reserve data showed on Thursday.
Household net worth dropped to $50.4 trillion from $51.7 trillion. The U.S. central bank's quarterly Flow of Funds report also showed that household borrowing contracted at a 1.1 percent annual rate in the first quarter, after falling at a 2 percent pace in the previous period.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.nT P 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.
Real-time Equity news
For U.S. stock market report double-click
1730 ET 11June2009
U.S. economic diary for June 12
The day's economic agenda includes data on May import-export prices at 8:30 a.m. (1230 GMT). Also, Reuters/University of Michigan Surveys of Consumers releases the June preliminary consumer sentiment index at 9:55 a.m. (1355 GMT).
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1725 ET 11June2009
U.S. earnings diary for June 12
No S&P 500 companies are scheduled to report results.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1658 ET 11June2009 Player takes cautious stance in utilities ETF
One cautious option investor appeared to have turned up in the Utilities Select Sector SPDR fund as its shares rose 1.94 percent to $27.83. The XLU ticker symbol jumped onto Interactive Brokers Group most active by options volume market scanner 'after one investor sunk his teeth into a chunk of put options in the September contract,' said Interactive Brokers Group market analyst Andrew Wilkinson. In a note, he said the player appears to have purchased about 35,000 put options for an average premium of 1.35 apiece at the September $27 strike price. Wilkinson surmised that perhaps the investor is long shares of the underlying XLU and is looking to lock into recent gains on the exchange-traded fund by protecting his position from potential downward price movement. 'Downside protection will kick in if shares decline below the break even point at $25.65 by expiration day in September,' he said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1438 ET 11June2009
Markets advance on oil and data
Major U.S. indexes rose on Thursday, as rising oil and other commodity prices lifted energy stocks, while retail sales and weekly jobless claims data bolstered optimism for an economic recovery.
For details, see
The Dow Jones industrial average rose 1.1 percent to 8,829.11 while the S&P 500 gained 1.3 percent to 951.77 and the Nasdaq was up 1.1 percent to 1,873.03.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1349 ET 11June2009
Policy is key to recovery, not consumers: Baukol
Timely policy adjustments, not stepped-up U.S. consumer spending, are the key to pulling the world out of its current economic crisis, a senior U.S. Treasury official said on Thursday.
To sustain a recovery, every major country needs to be aware of how its policies are affecting the world economy and make any necessary changes, said Andrew Baukol, acting assistant secretary for international affairs at the U.S. Treasury.
'We can't all rely on the U.S. consumer going forward to spend,' Baukol said during a conference in Montreal. 'To address this, of course, each major economy, including the United States, will need to take some policy adjustments.'
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1342 ET 11June2009
Jones Apparel rises after CEO comments
Shares of Jones Apparel Group rallied on Thursday, lifted after the company's chief executive officer said business was stabilizing, and that he didn't expect markdowns in the holiday season to be as deep as they were in the prior year.
'Business is a little better than expected,' CEO Wesley Card said at the Reuters Global Retail Summit in New York. 'We feel like things have stabilized and steadied out, particularly in the tier we operate in, at department stores and down.'
For details, see
The stock rose 5.8 percent to $11.08.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1223 ET 11June2009
Nasdaq cuts gains on Symantec's margin comments
The Nasdaq sharply cut gains on Thursday to briefly trade near break-even as shares of Symantec Corp tumbled to a session low, falling nearly 4 percent to $15.83 after the company's chief financial officer predicted margin pressure on consumer business over the next year.
The company is largest maker of computer security and data backup software.
Reuters Messaging: ellis.mnyandu.reuters.com@reuters.net
1218 ET 11June2009
Household net worth falls to $50.4 tln in Q1
U.S. households household wealth fell in the first quarter, as the economic downturn eroded confidence and finances, Federal Reserve data showed on Thursday.
Household net worth dropped to $50.4 trillion from $51.7 trillion. The U.S. central bank's quarterly Flow of Funds report also showed that household borrowing contracted at a 1.1 percent annual rate in the first quarter, after falling at a 2 percent pace in the previous period.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.nT P 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.