Stocks on the move
Real-time Equity news
U.S. stock market report
1729 ET 19Nov2009
Economic diary for Nov 20
The day's economic agenda includes the Economic Cycle Research Institute (ECRI)'s weekly index of economic activity for Nov. 13.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1717 ET 19Nov2009-US STOCKS
Wall St drops on recovery concerns, tech rout
U.S. stocks slid on Thursday as another batch of economic data pointed to the fragility of the recovery and a brokerage's dim view on the semiconductor sector hit technology shares.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1658 ET 19Nov2009-WRAPUP 3
U.S. regional factory activity, job market improve
Manufacturing activity in the U.S. Mid-Atlantic region hit a two-year high in November, indicating the economic recovery was gaining momentum, while the trend in claims for jobless aid continued downward.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1645 ET 19Nov2009-AFTER THE BELL
Gap Inc slips after results, buyback
Gap Inc shares slipped 1.7 percent to $21.48 in extended trade on Thursday after the apparel retailer reported third-quarter earnings that were in-line with Wall Street estimates and authorized a new $500 million share repurchase plan.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1640 ET 19Nov2009-AFTER THE BELL
Dell shares fall
Shares of Dell fell 6.6 percent after the bell on Thursday after it reported results.
Shares were down at $14.82 after closing at $15.87.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1623 ET 19Nov2009-US STOCKS
Tech shares lead Wall Street's decline
U.S. stocks lost ground on Thursday as semiconductors dragged tech shares lower after a brokerage's bearish view of the industry and doubts about the strength of the economic recovery cut the appetite for risk.
The Dow Jones industrial average dropped 93.71 points, or 0.90 percent, to close unofficially at 10,332.60. The Standard & Poor's 500 Index fell 14.90 points, or 1.34 percent, to finish unofficially at 1,094.90. The Nasdaq Composite Index lost 36.32 points, or 1.66 percent, to close unofficially at 2,156.82.
Reuters Messaging: angela.moon.reuters.com@reuters.net
1613 ET 19Nov2009
King Pharmaceuticals draws active call options
Shares of King Pharmaceuticals Inc gained 5.1 percent to end at $11.76, a new high for the year. Bullish option investors took to the November and December contracts to exchange call options on the stock. One trader maintained a bullish stance on King Pharmaceuticals by inducing a calendar roll, said Andrew Wilkinson, senior market analyst at Interactive Brokers Group in a note to clients. It appears the investor, who originally purchased 2,000 calls at the November $12.5 strike for 35 cents apiece on October 14, sold the calls for just one nickel per contract in order to reestablish a 2,000-lot long call position at the December $12.5 for 20 cents each. The stock must rally at least 5 percent over the current high before the December $12.5 strike calls land in-the-money, he said.
At least 2,800 calls were picked up for the December $12.5 strike for an average premium of 28 cents apiece on Thursday for the stock. Call-buying traders break even if King Pharmaceuticals shares rise to $12.78 by expiration next month.
Reuters Messaging: angela.moon.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.
Real-time Equity news
U.S. stock market report
1729 ET 19Nov2009
Economic diary for Nov 20
The day's economic agenda includes the Economic Cycle Research Institute (ECRI)'s weekly index of economic activity for Nov. 13.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1717 ET 19Nov2009-US STOCKS
Wall St drops on recovery concerns, tech rout
U.S. stocks slid on Thursday as another batch of economic data pointed to the fragility of the recovery and a brokerage's dim view on the semiconductor sector hit technology shares.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1658 ET 19Nov2009-WRAPUP 3
U.S. regional factory activity, job market improve
Manufacturing activity in the U.S. Mid-Atlantic region hit a two-year high in November, indicating the economic recovery was gaining momentum, while the trend in claims for jobless aid continued downward.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1645 ET 19Nov2009-AFTER THE BELL
Gap Inc slips after results, buyback
Gap Inc shares slipped 1.7 percent to $21.48 in extended trade on Thursday after the apparel retailer reported third-quarter earnings that were in-line with Wall Street estimates and authorized a new $500 million share repurchase plan.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1640 ET 19Nov2009-AFTER THE BELL
Dell shares fall
Shares of Dell fell 6.6 percent after the bell on Thursday after it reported results.
Shares were down at $14.82 after closing at $15.87.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1623 ET 19Nov2009-US STOCKS
Tech shares lead Wall Street's decline
U.S. stocks lost ground on Thursday as semiconductors dragged tech shares lower after a brokerage's bearish view of the industry and doubts about the strength of the economic recovery cut the appetite for risk.
The Dow Jones industrial average dropped 93.71 points, or 0.90 percent, to close unofficially at 10,332.60. The Standard & Poor's 500 Index fell 14.90 points, or 1.34 percent, to finish unofficially at 1,094.90. The Nasdaq Composite Index lost 36.32 points, or 1.66 percent, to close unofficially at 2,156.82.
Reuters Messaging: angela.moon.reuters.com@reuters.net
1613 ET 19Nov2009
King Pharmaceuticals draws active call options
Shares of King Pharmaceuticals Inc gained 5.1 percent to end at $11.76, a new high for the year. Bullish option investors took to the November and December contracts to exchange call options on the stock. One trader maintained a bullish stance on King Pharmaceuticals by inducing a calendar roll, said Andrew Wilkinson, senior market analyst at Interactive Brokers Group in a note to clients. It appears the investor, who originally purchased 2,000 calls at the November $12.5 strike for 35 cents apiece on October 14, sold the calls for just one nickel per contract in order to reestablish a 2,000-lot long call position at the December $12.5 for 20 cents each. The stock must rally at least 5 percent over the current high before the December $12.5 strike calls land in-the-money, he said.
At least 2,800 calls were picked up for the December $12.5 strike for an average premium of 28 cents apiece on Thursday for the stock. Call-buying traders break even if King Pharmaceuticals shares rise to $12.78 by expiration next month.
Reuters Messaging: angela.moon.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.