Tag: nyse
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Wall Street still sees Fed on pace for one rate hike, in December: Reuters poll
Wall Street's biggest banks are sticking to bets that the U.S. Federal Reserve will raise interest rates once this year, and the increase would most likely occur in December after a tepid employment report for August quashed most talk of a move as early as this month. Economists for 13 out of 14 primary dealers…
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Wall Street values Tesla Motors at $620,000 per car
Company founder and CEO Elon Musk may not mention Tesla Motors Inc's stock price when his electric car company gives its latest financial update on Wednesday, but it will be front and center for investors divided over its seemingly rich valuation. After a rally that ended in April, Tesla's market capitalization is currently about $31…
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Wall Street pushed higher by healthcare, energy stocks
The collapse of the $160 billion merger of Pfizer and Allergan bolstered the healthcare sector on rising hopes that the pharmaceutical giants could turn to smaller targets. A seven-week rally – sparked by rising oil, strength in the economy and a cautious Fed – helped stocks recover from a steep selloff that had sent the…
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Wall Street pushed higher by healthcare, energy stocks
The collapse of the $160 billion merger of Pfizer and Allergan bolstered the healthcare sector on rising hopes that the pharmaceutical giants could turn to smaller targets. A seven-week rally – sparked by rising oil, strength in the economy and a cautious Fed – helped stocks recover from a steep selloff that had sent the…
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Wall Street slightly lower as crude oil slips
U.S. crude fell about 1 percent after a report from the American Petroleum Institute (API) showed that an increase in crude stockpiles was way above estimates. Wall Street closed sharply higher on Tuesday, helping the S&P 500 claw back most of its losses in the last two months. “The market got severely overbought yesterday,” said…
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Yahoo launches auction process as Starboard gears up for fight
Yahoo shares jumped after the company announced its board has formed a committee of independent directors to explore strategic alternatives, and that it has hired investment banks and a law firm to run the process. The launch of the auction process, a move activist hedge fund Starboard Value and other shareholders have pushed since late…