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Market News

Location American Market News for 4 September 2015

Private-Equity Firms Plunge Back Into the Oil Patch

Wall Street Journal - 4 Sep 2015 05:27
Private-equity firms are doubling down on energy, despite heavy damage from their last adventure in the sector.
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Today's Jobs Report: The Good and Bad in One Easy Chart Today’s jobs report was disappointing. Economists expected employers to create 217,000 jobs in August; we got only 173,000. And more adults are simply calling it quits — they don’t work and they’re not looking....
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SEC's Gallagher to Leave Agency Next Month

Wall Street Journal - 5 Sep 2015 00:42
Securities and Exchange Commission member Daniel Gallagher said Friday he will leave the agency next month, after nearly four years on the job.
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US stocks decline as jobs report brings little clarity on Fed Standard & Poor's 500 Index lost 1.4% to 1,923.86; Dow Jones Industrial Average slid 250.67 points, or 1.5%, to 16,124.09; trading in S&P 500 firms was 14% below the 30-day average
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Blowing the Whistle on Tax Cheats

Wall Street Journal - 4 Sep 2015 23:37
The IRS awarded $11.6 million to a whistleblower, and experts say the agency could make as many as 10 more large payouts in coming weeks.
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A Banker Beat Down That Could Hurt Housing

Wall Street Journal - 4 Sep 2015 22:41
Banks are likely to keep pulling back from making FHA loans, which could crimp growth in the housing market.
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Friday Sector Laggards: Financial, Materials Looking at the sectors faring worst as of midday Friday, shares of Financial companies are underperforming other sectors, showing a 2.1% loss. Within the sector, Prologis Inc (NYSE: PLD) and General Growth Properties Inc...
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China's 'Engineered' Yuan Devaluation Not Signalling Currency War Just Yet Talks about a currency war, doubts about Chinese policymakers’ credibility and worries over the Chinese economic slowdown and its ripple effects have certainly ignited risk aversion among investors. Yet to call the rec...
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Friday Sector Leaders: Services, Industrial In afternoon trading on Friday, Services stocks are the best performing sector, losing just 1.4%. Within that group, Dollar Tree, Inc. (NASD: DLTR) and L Brands, Inc (NYSE: LB) are two large stocks leading the way, showi...
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No Emerging Markets in Your Portfolio? Look Again

Wall Street Journal - 4 Sep 2015 22:15
Some foreign-stock mutual funds have 30% or 40% of assets in developing nations.
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Miners hardest hit, as US jobs data drags stock markets lower Mining stocks became the biggest laggards on the FTSE 100, as US jobs data dragged global stock markets into the red.
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Amid concerns of softer global economic growth, the U.S. automotive market continues to record solid growth led by the sustained high demand for SUVs/Crossovers. The country's light-duty vehicle market rose 3.8% year-ove...
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Earlier this week, Barclays inked a deal with Spain's Bankinter to sell a bulk of its retail banking operations in Portugal - the latest move by the British banking giant towards shrinking its retail presence in Europe. ...
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Google recently withdrew support for Flash based content that includes online ads. Ads using Flash will now only open once the viewer clicks on the ad to activate it. Support for Flash has waned with the emergence of HTM...
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Why Urban Outfitters' Free People Needs More Attention While most apparel companies have struggled to adapt to the change in the shopping behavior, Urban Outfitters has found an answer in the form of its bohemian brand Free People. The brand has seen runaway growth in its re...
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Leading database software vendor Oracle Corp. hopes to make inroads in China's lucrative technology market despite nationalistic tendencies and heavy competition in the country. China passed the National Security Law las...
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The Dow Chemical Company (DOW) has declared a dividend of 42 cents per share, payable October 30, 2015, to shareholders of record on September 30, 2015.
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Friday's ETF with Unusual Volume: FAB

Forbes - 4 Sep 2015 21:27
The First Trust Multi Cap Value AlphaDEX Fund ETF (FAB) is seeing unusually high volume in afternoon trading Friday, with over 225,000 shares traded versus three month average volume of about 29,000.  Shares of FAB were...
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Friday's ETF Movers: FM, PIN

Forbes - 4 Sep 2015 21:24
In trading on Friday, the iShares MSCI Frontier 100 ETF (FM) is outperforming other ETFs, up about 0.1% on the day.  Components of that ETF showing particular strength include shares of YPF (YPF), up about 1% and shares...
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In trading on Friday, metals & mining shares were relative laggards, down on the day by about 3.1%.  Helping drag down the group were shares of Arch Coal (ACI), down about 17.6% and shares of Teck Resources (TCK) off ab...
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In trading on Friday, biotechnology shares were relative leaders, up on the day by about 3%.  Leading the group were shares of Oragenics Incorporated (OGEN) up about 6.1% on the day.
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The Jobs Report and Stocks: What's Not to Hate?

Wall Street Journal - 4 Sep 2015 20:08
Friday's jobs numbers didn't provide a clear win for either hawks or doves. It did offer stocks the worst of both worlds.
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