Industry News - Mortgage Stocks
| 05-27-2009
- U.S. Stocks Retreat as Monsanto Leads Drop in Commodity Shares |
| By Rita Nazareth
U.S. stocks fell as a disappointing forecast at Monsanto Co. triggered a drop in commodity shares and banks slid on a Federal Deposit Insurance Corp. report that the number of “problem” lenders grew to the most in 15 years. Treasuries on concern record debt sales will overwhelm demand.
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| 05-26-2009
- Stocks Fall as Dollar, Yen Climb on North Korea; Won, Oil Drop |
| By Daniel Hauck
Stocks and U.S. index futures fell, with the MSCI World Index retreating the most in three days, while the yen and the dollar strengthened on concern risks to economic growth and global political stability are increasing.
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| 05-22-2009
- U.S. Stock Futures Advance After Sears Posts Unexpected Profit |
| By Rita Nazareth and Sarah Jones
U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will extend its weekly advance, as Sears Holdings Corp. beat analysts’ profit estimates and concern the nation will lose its AAA credit rating eased.
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| 05-22-2009
- U.S. Stocks Rise as Sears Profit Overshadows Treasury Auction |
| By Rita Nazareth
U.S. stocks gained as unexpected profit at Sears Holdings Corp. overshadowed concern the government faces higher interest rates to finance the bailout of the financial industry, which sent Treasuries lower and weakened the dollar.
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| 05-21-2009
- Stocks, Gilts, Pound Fall on Fed Outlook, U.K. Credit Rating |
| By Daniel Hauck
Stocks fell around the world for the first time in four days as investors speculated the highest valuations for equities in three years would decline after the Federal Reserve cut its forecast for the U.S. economy and former Fed Chairman Alan Greenspan said banks are still in peril.
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| 05-18-2009
- U.S. Stock-Index Futures Gain as Lowe’s, Bank of America Rise |
| By Daniela Silberstein and Rita Nazareth
U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will rebound from last week’s 5 percent decline, as Lowe’s Cos. beat earnings projections and analysts recommended Bank of America Corp. Treasuries and European government bonds rallied, while oil gained.
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| 05-18-2009
- U.S. Stocks Gain as Bank of America, Lowe’s Shares Advance |
| By Rita Nazareth
U.S. stocks rose, helping the Standard & Poor’s 500 Index erase more than half of last week’s loss, as analysts recommended Bank of America Corp. and Lowe’s Cos. beat earnings projections. Oil climbed to a six-month high above $59 a barrel, while Treasuries fell.
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| 05-14-2009
- Global stocks slide on economic fears, gold rises |
| By Herbert Lash
Stocks fell around the world Wednesday after reports of declining U.S. retail sales and falling output in Europe dimmed hopes for a rapid economic recovery, spurring demand for safe-haven assets like gold and government debt.
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| 05-13-2009
- U.S. Stock-Index Futures Drop on Retail Sales, Earnings Concern |
| By Eric Martin
U.S. stock futures slid as retail sales unexpectedly decreased in April, companies from ING Groep NV to Applied Materials Inc. reported disappointing earnings and the Bank of England said the U.K. economy faces a slow recovery.
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| 05-11-2009
- U.S. Stocks Retreat From Four-Month High on Earnings Valuations |
| By Lynn Thomasson
U.S. stocks retreated from a four- month high after the Standard & Poor’s 500 Index traded at the most expensive level in seven months relative to earnings and lower energy prices weighed on commodity producers. European shares and oil fell, while Treasuries and the dollar advanced.
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| 05-07-2009
- Stocks in Europe, Asia Gain; MSCI World Climbs for Seventh Day |
| By Sarah Jones
European and Asian stocks and U.S. futures rose, sending the MSCI World Index higher for a seventh day, on speculation banks don’t need as much capital as had been projected amid signs the worst of the recession may be over.
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| 05-07-2009
- U.S. Stocks Decline as Technology, Telephone Shares Retreat |
| By Rita Nazareth
U.S. stocks retreated from a four- month high as a drop in telephone and technology companies snuffed out an early rally spurred by optimism that bank stress tests will boost confidence in the financial system.
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| 05-05-2009
- European, Asian Shares Advance; U.S. Index Futures Decline |
| By Daniela Silberstein
Shares in Europe and Asia advanced, led by commodity producers and banks on optimism the worst of the recession is over. U.S. futures declined after the Standard & Poor’s 500 Index jumped the most in three weeks yesterday.
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| 05-04-2009
- Stocks Advance, Yen Weakens as Chinese Manufacturing Expands |
| By Justin Carrigan
Stocks in Europe and Asia rose, U.S. futures advanced and the yen weakened as a report showing China’s manufacturing expanded for the first time in nine months added to signs that the global recession is easing.
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| 05-01-2009
- U.S. Stock Index Futures Gain as McAfee, Citigroup Shares Rise |
| By Lynn Thomasson and Sarah Jones
U.S. stock futures rose, indicating the market will extend gains from the best month in nine years, as McAfee Inc. and Fortune Brands Inc. joined the majority of companies beating analysts’ profit estimates.
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| 04-30-2009
- Stocks Rise on Earnings, Europe Erases 2009 Loss; Bonds Fall |
| By Daniel Hauck
Stocks rallied around the world and Europe’s Dow Jones Stoxx 600 Index recouped its 2009 loss amid growing speculation the worst of the global recession is over and a stream of earnings that beat analysts’ estimates.
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| 04-29-2009
- U.S. Stock-Index Futures Advance on Banks Upgrade, Crude Rally |
| By Daniela Silberstein and Jeff Kearns
U.S. stock futures rose, indicating the Standard & Poor’s 500 Index may snap two days of losses, as banks advanced after Fox-Pitt Kelton Cochran Caronia Waller lifted its stance on U.S. banks for the first time since 2004.
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