DJIA: 18,232.02  -53.72 (-0.29%) | NASDAQ: 5,089.362  -1.433 (-0.03%) | S&P 500: 2,126.06  -4.76 (-0.22%) Markets status unavailable

  • Show Article Details

    Shares of Brocade Communications Systems (BRCD) were falling 3.2% to $11.63 after-hours Thursday after the networking solutions company missed analysts' estimates for revenue in the fiscal second quarter. Brocade reported revenue of $547 million for the second quarter, a 1.9% increase from the year-ago quarter, but below analysts' estimates of $551.33 million.

  • Show Article Details

    * Jobless claims average shows resilient labor market. * Factory data and home resales weaker than expected. * Investors wary of light volume. * Dow ends flat, S&P up 0.23 pct, Nasdaq up 0.38 pct. By Noel Randewich. May 21 - The S&P 500 closed at a record high on Thursday after disappointing economic data bolstered expectations that an interest rate hike is likely to come only later in the year.

  • Show Article Details

    Shares of Foot Locker Inc  closed up 0.8% to $64 on heavy volume in Thursday's regular trading session, one day ahead of the specialty athletic retailer's first quarter fiscal 2015 earnings release before the market opens Friday. For the quarter ended April, the company is expected to earn $1.23 per share on revenue of $1.914 billion, according to analysts surveyed by Thomson Reuters.

  • Show Article Details

    Weak data reinforce expectations Fed to remain on hold. Treasury prices rose Thursday, driving yields down for a second trading session, after a flurry of weak economic reports a day after minutes from the Federal Reserve's latest meeting signaled a June rate hike remains unlikely. The yield on the 10- year benchmark Treasury note fell 6.3 basis point to 2.186%, according to data from Tradeweb.

  • Show Article Details

    Shares of Intuit were gaining 0.7% to $104.90 after-hours Thursday after the financial software company beat analysts' estimates for earnings in the fiscal third quarter. Intuit reported earnings of $2.85 a share for the fiscal third quarter, above analysts' estimates of $2.74 a share for the quarter.

  • Show Article Details

    ended slightly higher on Thursday sending the S&P 500 to a fresh record. The main indexes continue to trade in narrow ranges in the absence of major catalysts. The S&P 500 closed 5 points, or 0.2%, higher at 2,130.84.

  • Show Article Details

    The S&P 500 closed at a record high on Thursday after disappointing economic data bolstered expectations that an interest rate hike will come only later in the year. The Dow Jones industrial average rose 1.67 points, or 0.01 percent, to 18,287.07, the S&P 500 gained 5.17 points, or 0.24 percent, to 2,131.02 and the Nasdaq Composite added 19.05 points, or 0.38 percent, to 5,090.79.

  • Show Article Details

    The broad stock market, as measured by the Standard& Poor's 500 Index, eased its way to all-time highs. However, calling this a breakout would require either a) a vivid imagination, or b) redefining the work "breakout." Rather, the market has sort of oozed higher, so I'm calling this an "ooze-out.

  • Show Article Details

    Shares of Salesforce.com (CRM) are higher by 3.73% to $72.78 in afternoon trading after KeyBanc Capital Markets increased its price target to $80 from $77 and reiterated its "overweight" rating for the San Francisco-based provider of enterprise cloud computing solutions.

  • Show Article Details

    * Disappointing data raise doubts about U.S. economy * U.S. sells $13 bln 10-year TIPS to solid demand * Fed's Yellen, April U.S. consumer price data on tap * U.S. bond market to close early Friday, shut Monday (Updates market action, adds quote) By Richard Leong NEW YORK, May 21 (Reuters) - U.S. Treasuries yields declined on Thursday as a batch of disappointing economic reports revived worries about the U.S. economy and prompted further questions whether the Federal Reserve will raise interest rates later this year. An exit of bearish bond bets in advance of a government report on consumer prices in April and an economic speech from Fed Chair Janet Yellen on Friday further pushed a drop in yields, with the 30-year falling below 3 percent, analysts said. Weaker-than-expected data on existing home sales, the manufacturing sector and U.S. Mid-Atlantic business activity came a day after the central bank signaled a June rate hike is doubtful following an anemic first-quarter. "There were fears about a sharp spring recovery, but the data haven't rebounded smartly," said Robert Tipp, chief investment strategist at Prudential Fixed Income in Newark, New Jersey. Fed policy-makers at their April 28-29 meeting said they would like to see further economic improvement to decide on ending their near-zero interest rate policy stand, according to minutes released on Wednesday. While most Wall Street economists forecast the Fed will raise rates by year-end, many of them said the Fed may postpone such a move until 2016 if more weak data surface. Treasuries yields also declined on an emergence of month-end portfolio buying tied to an expected adjustment of a widely followed Treasuries market index that includes more longer-dated issues, analysts said. On light trading volume, benchmark 10-year Treasuries were up 17/32 in price with a yield of 2.188 percent, down 6 basis points from Wednesday. The 30-year bond was up 1-14/32 in price, yielding 2.976 percent, down 7.5 basis points. Selling pressure on Treasuries from the domestic corporate bond sector also eased heading into a three-day U.S. holiday weekend. The U.S. bond market will close at 2 p.m. (1800 GMT) on Friday, and stay shut on Monday for the U.S. Memorial Day holiday. More than $42 billion worth of investment-grade corporate bonds have been sold so far this week, putting May on pace as a record month for issuance, according to IFR, a unit of Thomson Reuters. Less corporate supply likely bolstered interest in the $13 billion auction of 10-year Treasury Inflation Protected Securities (TIPS), analysts said. Prior to the end of Friday's shortened session, traders will await for a likely muted April reading on the consumer price index, which economists forecast likely rose 0.1 percent . (Editing by Chris Reese and Jonathan Oatis)

  • Show Article Details

    * Jobless claims average shows resilient labor market. * Factory data and home resales weaker-than expected. * Investors wary of light volume. * Indexes up: Dow 0.05 pct, S&P 0.25 pct, Nasdaq 0.36 pct. By Noel Randewich.

  • Show Article Details

    Shares of Penn West Petroleum (PWE) are advancing by 6.70% to $2.07 on heavy volume in mid-afternoon trading on Thursday. Oil prices are in the green today following Wednesday's data from the Energy Information Administration showing a decline in U.S. oil storage levels. U.S. oil output also declined to its lowest level since the beginning of February, 9.3 million barrels per day.

  • Show Article Details

    Plenty of news could have moved mortgage rates this week but nothing did. Bond yields continued their wild ride. April housing starts exceeded expectations. And the Federal Reserve released its minutes from its April meeting on Wednesday, suggesting a June rate hike is unlikely.None of this activity seemed to influence home loan rates, which held steady, according to the latest data released Thursday by Freddie Mac (FMCC). The 30-year fixed-rate average ticked down to 3.84 percent with an average 0.7 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 3.85 percent a week ago and 4.14 percent a year ago.The 15-year fixed-rate average slipped to 3.05 percent with an average 0.6 point. It was 3.07 percent a week ago and 3.25 percent a year ago.[Fed minutes show June rate hike unlikely]Hybrid adjustable rate mortgages were mixed. The five-year ARM average fell to 2.88 percent with an average 0.5 point. It was 2.89 percent a week ago and 2.96 percent a year ago.The one-year ARM average rose to 2.51 percent with an average 0.4 point. It was 2.48 percent a week ago.“Mortgage rates were little changed this week amid positive housing news,” Len Kiefer, Freddie Mac (FMCC) deputy chief economist, said in a statement.“Housing starts surged 20.2 percent to a seasonally adjusted pace of 1.14 million units in April, the highest level since 2007. As home-buying season moves into full swing, home builders remain positive about home sales in the near future. Although the NAHB housing market index slipped 2 points to 54 in May it is still above 50, indicating that on balance builders remain optimistic about housing markets.”[Study shows consumers spend too little time mortgage shopping]Meanwhile, rising rates have cooled demand for home loans as mortgage applications fell again this week, according to the latest data from the Mortgage Bankers Association.The market composite index, a measure of total loan application volume, decreased 1.5 percent. The refinance index was essentially flat, inching up 0.3 percent from the previous week. The purchase index dropped 4 percent.The refinance share of mortgage activity accounted for 52 percent of all applications.“Mortgage rates increased last week, and Treasury rates increased to a recent high at mid-week before falling at the end of the week,” Mike Fratantoni, MBA’s chief economist, said in a statement.“Overall purchase activity fell for the week, along with conventional refinance volume, but government refinance volume increased. The level of purchase applications remained 11 percent higher than the same week last year, but the drop this week may indicate borrowers being wary of the recent run up in mortgage rates.”For more Real Estate news, follow @PostRealEstate and visit our Facebook page.




  • Show Article Details

    Shares of Whiting Petroleum (WLL) are up by 1.95% to $33.49 in mid-afternoon trading on Thursday, as some energy and related stocks get a boost from the rally in oil prices. Crude oil is gaining by 2.51% to $60.46 per barrel and Brent crude is climbing by 1.91% to $66.27 per barrel this afternoon, according to the CNBC.com index.

  • Show Article Details

    * Jobless claims average shows resilient labor market. * Factory data and home resales weaker-than expected. * Nasdaq crosses record high close. * Shake Shack hits record on trademark filing. * Indexes up: Dow 0.1 pct, S&P 0.3 pct, Nasdaq 0.4 pct. By Tanya Agrawal.

  • Show Article Details

    Shares of Noble Corp. (NE) were gaining 5% to $17.72 Thursday as oil prices were increasing. WTI crude oil for July delivery was up 2.9% to $60.71 a barrel early Thursday afternoon, and Brent crude oil for July delivery was up 2.5% to $66.66 a barrel. Oil prices were rising due to lower U.S. crude inventories and fighting in Iraq, according to Reuters.

  • Show Article Details

    Shares of Oasis Petroleum (OAS) were gaining 5.8% to $16.92 Thursday as oil prices were increasing. WTI crude oil for July delivery was up 2.8% to $60.65 a barrel early Thursday afternoon, and Brent crude oil for July delivery was up 2.4% to $66.58 a barrel. Oil prices were rising due to lower U.S. crude inventories and the fighting in Iraq, according to Reuters.

  • Show Article Details

    Shares of SandRidge Energy (SD) were gaining 5.5% to $1.16 Thursday as oil prices were increasing. WTI crude oil for July delivery was up 3.1% to $60.79 a barrel early Thursday afternoon, and Brent crude oil for July delivery was up 2.7% to $66.81 a barrel. Oil prices were rising due to lower U.S. crude inventories and the fighting in Iraq, according to Reuters.

  • Show Article Details

    Shares of Seadrill were gaining 7.7% to $13.79 Thursday as oil prices were increasing. WTI crude oil for July delivery was up 3.1% to $60.80 a barrel early Thursday afternoon, and Brent crude oil for July delivery was up 2.7% to $66.80 a barrel. Oil prices were rising due to lower U.S. crude inventories and the fighting in Iraq, according to Reuters.