Breaking Stock Market and Financial News

US STOCKS-Dow hits 20,000 as earnings, Trump rekindle rally

Reuters Us Markets - Wed, 01/25/2017 - 13:25
* Indexes up: Dow 0.74 pct, S&P 0.66 pct, Nasdaq 0.78 pct (Updates to early afternoon, adds details, updates prices)

Target revamps chemical use policy, asks suppliers to list ingredients

Reuters Us Markets - Wed, 01/25/2017 - 13:25
Jan 25 (Reuters) - Target Corp said it would introduce a policy aimed at removing many harmful chemicals used in its personal care, beauty and textiles products, and the retailer would ensure...

TREASURIES-U.S. bonds add to losses after weak 5-year auction

Reuters Us Markets - Wed, 01/25/2017 - 13:23
NEW YORK, Jan 25 (Reuters) - U.S. Treasury prices fell further on Wednesday, with yields hitting session highs, following weak demand at a $34 billion auction of five-year notes, part of this week's...

Republicans to kill U.S. rules on corruption, environment, labor and guns next week

Top Reuters News - Wed, 01/25/2017 - 12:53
WASHINGTON (Reuters) - Congressional Republicans are set to overturn a slew of Obama-era regulations next week, including a controversial anti-bribery rule aimed at U.S. resource companies such as Exxon Mobil Corp and Chevron Corp , according to a top lawmaker.

Health insurers quietly shape Obamacare replacement with fewer risks

Top Reuters News - Wed, 01/25/2017 - 12:22
NEW YORK/WASHINGTON (Reuters) - U.S. health insurers are making their case to Republican lawmakers over how Americans sign up for individual insurance and pushing for other changes to shape the replacement of former President Barack Obama's national healthcare law.

GM is top pick in autos at Morgan Stanley

MarketWatch Market Pulse - Wed, 01/25/2017 - 12:21

General Motors Co. is "serious" about capital discipline and is likely to "significantly" return cash to shareholders, analysts at Morgan Stanley said in a note Wednesday as they made GM stock their top pick among car-maker shares. They also raised their price target on the shares by 5% to $42 a share, which represents an 11% upside from Wednesday's prices. The analysts raised their 2017 per-share earnings forecast to $6.32, from $6.09. The company estimates EPS between $6 and $6.50 for the year. Shares of GM have gained nearly 30% in the last 12 months, which compares with gains of 22% for the S&P 500 index in the same period.

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'Star Wars' toys were tops in 2016 with $760 million in sales, says NPD

MarketWatch Market Pulse - Wed, 01/25/2017 - 11:31

'Star Wars,' a Walt Disney Co. brand, was the top toy property of 2016, with sales of nearly $760 million, according to the latest data from The NPD Group. Sales in 2016 exceeded those in 2015, when it was also the top property, the organization said. U.S. toy sales grew 5% to $20.4 billion in 2016, according to the latest data from the NPD Group. Outdoor sports and toys, including summer seasonal toys, was the largest contributing category at $328 million. Games and puzzles was the fastest growing category, up 18% year-over-year in sales. Toy sales were up 28% the week before Christmas, "but it is likely this happened at the expense of other weeks in Q4," according to NPD, which called the holiday season overall "mixed." The toy industry was up 16% between 2016 and 2013, a compounded annual growth rate of 5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Madoff victims cannot sidestep $7.2 billion settlement: U.S. judge

Top Reuters News - Wed, 01/25/2017 - 11:17
NEW YORK (Reuters) - A federal judge has blocked litigation that the trustee liquidating Bernard Madoff's firm said could undermine a $7.2 billion settlement meant to benefit the Ponzi schemer's former customers.

Britain to publish Article 50 bill as May agrees to set out Brexit plan

Top Reuters News - Wed, 01/25/2017 - 11:01
LONDON (Reuters) - Britain said it would publish legislation on Thursday seeking parliament's approval to begin formal divorce talks with the European Union as Prime Minister Theresa May agreed to lawmakers' demands to publish her Brexit plan.

Shoppers expected to spend $14.1 billion on Super Bowl LI, down from last year - NRF

MarketWatch Market Pulse - Wed, 01/25/2017 - 10:49

Consumers will spend an average of $75, or $14.1 billion total, on Super Bowl LI-related activities, down from an average of $82, or $15.5 billion total, last year, according to the latest Super Bowl Spending Survey from the National Retail Federation. An estimated 188.5 million are expected to watch the game on Feb. 5. Of the 76% of those surveyed who said they would watch the game, 80% said they'll buy food and beverages, 11% said they'd buy team apparel and accessories, and 8% said they'd by a new television to watch at home. The survey found that 45 million people will host a Super Bowl party. More than three-quarters (78%) of viewers said they watch the commercials for entertainment, and only 10% said the spots influence a purchase. The NRF surveyed 7,591 consumers for the study.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

UPDATE 1-Peru's Grana says it plans to sell $300 mln in assets

Reuters Us Markets - Wed, 01/25/2017 - 10:46
LIMA, Jan 25 (Reuters) - Grana y Montero , Peru's largest construction group, said Wednesday that it would ask its board to approve the sale of $300 million in assets to help it meet its obligations...

Bolt loses Olympic relay gold after Jamaica's Carter tests positive

Top Reuters News - Wed, 01/25/2017 - 10:41
(Reuters) - Jamaica's Usain Bolt has lost one of his nine Olympic gold medals and his perfect triple treble of Games' sprint victories after team mate Nesta Carter was found guilty of doping at the 2008 Beijing Olympics.

CANADA STOCKS-TSX nears all-time high as energy, financials stocks gain

Reuters Us Markets - Wed, 01/25/2017 - 10:41
TORONTO, Jan 25 (Reuters) - Canada's main stock index approached an all-time high on Wednesday, led by gains for heavyweight financial and energy stocks as global stocks climbed, while lower gold...

GLOBAL MARKETS-Dow crosses 20,000 on reinvigorated Trump rally

Reuters Us Markets - Wed, 01/25/2017 - 10:39
* Dollar hits seven-week low on Trump worries, sterling jumps

BRIEF-Hess forecasts Q1 Bakken production of 90,000 to 95,000 boe/d

Reuters Us Markets - Wed, 01/25/2017 - 10:38
* Chief Executive John Hess says expects oil prices to rise this year and into 2018

Oil futures extend losses after EIA reports a rise of 2.8 million barrels in U.S. crude supplies

MarketWatch Market Pulse - Wed, 01/25/2017 - 10:37

Oil futures extended losses on Wednesday after the U.S. Energy Information Administration reported an increase of 2.8 million barrels in domestic crude-oil supplies for the week ended Jan. 20. The American Petroleum Institute late Tuesday reported a rise of 2.9 million barrels, according to sources, while analysts polled by S&P Global Platts forecast a climb of 1.9 million barrels. Gasoline supplies jumped by 6.8 million barrels, while distillate stockpiles were "virtually unchanged" last week, according to the EIA. March crude fell 41 cents, or 0.8%, at $52.77 a barrel on the New York Mercantile Exchange.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

NYSE plans NYSE American to counter 'Flash Boys' exchange IEX

Reuters Us Markets - Wed, 01/25/2017 - 10:33
NEW YORK, Jan 25 (Reuters) - The operator of the New York Stock Exchange said on Wednesday it will change the model of its NYSE MKT exchange to implement a so-called speed bump, in a direct challenge...

US STOCKS-Dow hits 20,000 as post-election rally roars back to life

Reuters Us Markets - Wed, 01/25/2017 - 10:32
* Indexes up: Dow 0.69 pct, S&P 0.60 pct, Nasdaq 0.72 pct (Adds details, comments, updates prices)

Secret Service scrutinizes agent who questioned taking a bullet for Trump

Top Reuters News - Wed, 01/25/2017 - 10:32
WASHINGTON (Reuters) - The U.S. Secret Service may discipline a senior official who suggested on Facebook that she did not want to "take a bullet" for President Donald Trump, the agency and a newspaper said.

BRIEF-Intercontinental Exchange says NYSE MKT will be known as NYSE American

Reuters Us Markets - Wed, 01/25/2017 - 10:31
* New York Stock Exchange will continue to operate as premium venue for corporate listings

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