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Gold slips as Ukraine tensions ease
SAN FRANCISCO (MarketWatch) -- Gold futures fell Friday on signs of easing East-West tensions as Russia ended military exercises near the Ukraine border. December gold (CNS:GCZ4) dropped $1.50, or 0.1%, for the session to settle at $1,311 an ounce on the Comex division of the New York Mercantile Exchange. For the week, the precious metal is up 1.3% to remain above $1,300.
U.S. stocks rally, erase weekly losses
Tekmira surges on FDA moving closer to Ebola drug approval
NEW YORK (MarketWatch)—Wall Street rallied Friday as investors took heart from news reports that Russia ended military exercises on the Ukrainian border and largely brushed off news of U.S. airstrikes in Iraq.
Friday’s gains erased what would have been weekly losses for the main benchmarks.
U.S. stocks open higher; Ukraine in focus
Gap rallies on sales reports; Zynga falls after results
NEW YORK (MarketWatch) — Wall Street opened higher Friday, as investors welcomed a report that Russia is looking to dial down its conflict with Ukraine, while brushing off news of U.S. air strikes in Iraq.
The main benchmarks were set to record modest weekly losses, building on sharp declines the week before. http://www.marketwatch.com/story/us-stocks-futures-feel-the-weight-of-geopolitical-worries-2014-08-08?link=MW_story_latest_news
Gold gives up Iraq boost, holds key $1,300 level
Gold rejected a 3-1/2 week high on Friday, but was set for its biggest weekly gain in seven as the dollar and equities fell after U.S. President Barack Obama authorized air strikes in Iraq, adding to simmering international tensions. http://www.cnbc.com/id/101904579
Early movers: MCD, GPS, ZNGA, LULU, CBS, LGF & more
http://www.cnbc.com/id/101905815
Lululemon, SolarCity jump; Zynga sinks on results
http://huntforthenext10bagger.com/stockearnings
U.S. Stocks: Futures turn higher on hopes of easing Ukraine tensions. Dow futures had been down 60 points early
LONDON (MarketWatch) — Wall Street was fighting for a higher open Friday, with U.S. stock futures reversing course and gaining following a report that Russia is looking to dial down its conflict with Ukraine.
Futures for the Dow Jones Industrial Average (CBE:DJU4) moved up 15 points, or 0.1%, to 16,337. after having been down by more than 60 points earlier in premarket trade. Futures for the S&P 500 index (GLC:SPU4) rose 3.5 points, or 0.2%, to 1,908.70, and those for the Nasdaq 100 index (GLC:NDU4) tacked on 6.3 points, or 0.2%, to 3,863.
Stocks appeared to get a boost after Russian news agency RIA said Russia is seeking to de-escalate tensions with Ukraine. Russia and the West have been tussling over the Kremlin’s support of separatist forces in Ukraine, leading to sanctions against Russian entities. Russian President Vladimir Putin on Thursday hit back on sanctions against countries that placed restrictions on his country.
But geopolitical tensions still loom as investors await details from the Kremlin. Separately, U.S. President Barack Obama on Thursday authorized targeted airstrikes and emergency-assistance missions in northern Iraq. Obama said the U.S. must protect American personnel and prevent a humanitarian catastrophe against violent Islamist forces.
“It all points towards a quick retreat out of the safe havens that traders flocked to overnight, but it’s worth remembering that this is August, volumes are going to be a bit depressed and this could well be exaggerating the volatility,” said João Monteiro, analyst at Valutrades, in emailed comments. http://www.marketwatch.com/story/us-stocks-futures-feel-the-weight-of-geopolitical-worries-2014-08-08
Brace for a September ‘polar vortex’
It’s already August, which means fall is around the corner – and another winter no longer seems that far away. Forecasters are out with some predictions about the weather we can expect in the coming months:
– A polar vortex (if we’re allowed to call it that when it’s not winter) across the Great Lakes and into the interior Northeast during mid-to-late September, says Paul Pastelok, Accuweather’s lead long-range forecaster.
“Temperatures [in the Northeast] will not be as extreme in November when compared to last year, but October could be an extreme month,” he said on Accuweather’s website.
Then plan on a wet November and early winter snow in the northeast, including a couple of big storms in December and early January.
– Early snow and cold in the northern Plains and northern Rockies this fall, according to Accuweather. The cold could expand as far east as the Chicago area.
The National Weather Service, however, is calling for above-average temperatures across the northern Rockies, Plains and Midwest states, including Chicago, over the November-to-January period.
– Above-normal rain from from New Orleans to Atlanta this fall, Accuweather says.
– El Nino will bring moisture to the southwest and Texas in the fall. But no drought relief for California, according to Accuweather. The National Weather Service says expect below-average temperatures in southern Texas in the November-to-January period.
– While Hawaii braces for two hurricanes, the National Oceanic and Atmospheric Administration on Thursday raised the odds of a below-normal hurricane season in the Atlantic and Gulf of Mexico to 70%, from the 50% odds given in May. It says there could be between zero and two major hurricanes, which are category 3 or higher. Hurricane season runs through Nov. 30.
Looking backward, June was the wettest June nationally since 1989, even as 34% of the lower 48 suffered drought conditions, the NOAA said. Worldwide, average land and ocean temperatures in June were the highest since records began in 1880.
– Silvia Ascarelli
Brace for a September ‘polar vortex’
It’s already August, which means fall is around the corner – and another winter no longer seems that far away. Forecasters are out with some predictions about the weather we can expect in the coming months:
– A polar vortex (if we’re allowed to call it that when it’s not winter) across the Great Lakes and into the interior Northeast during mid-to-late September, says Paul Pastelok, Accuweather’s lead long-range forecaster.
“Temperatures [in the Northeast] will not be as extreme in November when compared to last year, but October could be an extreme month,” he said on Accuweather’s website.
Then plan on a wet November and early winter snow in the northeast, including a couple of big storms in December and early January.
– Early snow and cold in the northern Plains and northern Rockies this fall, according to Accuweather. The cold could expand as far east as the Chicago area.
The National Weather Service, however, is calling for above-average temperatures across the northern Rockies, Plains and Midwest states, including Chicago, over the November-to-January period.
– Above-normal rain from from New Orleans to Atlanta this fall, Accuweather says.
– El Nino will bring moisture to the southwest and Texas in the fall. But no drought relief for California, according to Accuweather. The National Weather Service says expect below-average temperatures in southern Texas in the November-to-January period.
– While Hawaii braces for two hurricanes, the National Oceanic and Atmospheric Administration on Thursday raised the odds of a below-normal hurricane season in the Atlantic and Gulf of Mexico to 70%, from the 50% odds given in May. It says there could be between zero and two major hurricanes, which are category 3 or higher. Hurricane season runs through Nov. 30.
Looking backward, June was the wettest June nationally since 1989, even as 34% of the lower 48 suffered drought conditions, the NOAA said. Worldwide, average land and ocean temperatures in June were the highest since records began in 1880.
– Silvia Ascarelli
After-hours buzz: CBS, Zynga, Lululemon & more
http://www.cnbc.com/id/101903989
U.S. stocks fall as investors seek Treasurys, gold
Another drop in jobless claims has fleeting impact on stocks
NEW YORK (MarketWatch) — The U.S. stock market ended Thursday’s session with modest losses, as investors moved out of riskier assets and into gold and U.S. Treasurys.
The drop in stocks, while relatively modest, was global, with Asian and European markets also losing ground.
Key benchmarks hit the day’s lows late in the session. The S&P 500 (SNC:SPX) fell 10.67 points, or 0.6%, to 1,909.57. The Dow Jones Industrial Average (DJI:DJIA) dropped 75.07 points, or 0.5%, to 16,368.27.
The Nasdaq Composite (NASDAQ:COMP) fell 20.08 points, or 0.5%, at 4,334.97.
In economic news, the number of people who applied for unemployment benefits fell below 300,000 for the second time in three weeks, solidifying a picture of an improving U.S. labor market. Better-than-expected data briefly pushed stocks higher, but gains soon dissipated.
Instead, investors pushed up prices of Treasurys and gold. The yield on a 10-year Treasury note, which falls when prices rise, fell to the lowest level in more than a year, at 2.42%, while gold settled above $1,300 for the second session in a row.
The S&P 500 is now down 4% from its peak, hit by fears that the stronger economy could push the Federal Reserve to raise interest rates sooner than expected as well as escalating tensions surrounding Ukraine. On Thursday, Russia banned food imports from the U.S., members of the European Union and other countries in retaliation over sanctions.
“This market got complacent and ahead of itself a few weeks ago, was overbought on technical levels. So the selloff last week was not surprising,” said Paul Zemsky, chief investment officer of multi-asset strategies at Voya Investment Management. “There is nothing in our indicators that signals a larger 10%-15% correction. However, we think the S&P 500 will fall to 1,900 before continuing to march higher.” http://www.marketwatch.com/story/us-stocks-futures-up-ahead-of-ecb-jobless-claims-2014-08-07
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Biggest OTC % Losers 8/07 close:
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Gold prices swing higher as dollar pares gains
Gold prices leaped into positive territory on Thursday, paring post-jobless claims losses, as a the dollar index and benchmark U.S. stock indexes edged lower.
A build-up of Russian troops on the border with Ukraine and tit-for-tat economic sanctions between the West and Moscow on Wednesday drove investors out of assets seen as higher risk including stocks and into the relative safety of bonds and gold.
European shares, which had fallen sharply, steadied on Thursday, however, while the dollar index rose 0.2 percent. Gold, which is priced in dollars, tends to lose ground when the U.S. unit firms. http://www.cnbc.com/id/101900824
buying starter
Apple, Facebook, Netflix rise in early tech rally http://www.marketwatch.com/story/apple-facebook-netflix-rise-in-early-tech-rally-2014-08-07?link=MW_latest_news
Early movers: FDX, LB, BAC, YELP, FOXA, WEN & more
http://www.cnbc.com/id/101902211
U.S. stocks: Futures up ahead of ECB, jobless claims
Mylan, Orbitz to report ahead of the bell
MADRID (MarketWatch) — Stock futures moved modestly higher on Thursday, but overall direction could be up in the air until the market learns the outcome of a European Central Bank meeting, while weekly jobless claims may also provide a little focus. http://www.marketwatch.com/story/us-stocks-futures-up-ahead-of-ecb-jobless-claims-2014-08-07?dist=beforebell
21st Century Fox, Keurig Green Mountain are stocks to watch Thursday
Orbitz, Mylan report before Thursday’s opening bell
http://huntforthenext10bagger.com/stockearnings
U.S. jobless claims hint at further labor-market gains
The number of Americans applying to receive jobless benefits has been low for months and the improved pace of hiring in the U.S. will probably keep it that way at least until the end of the year.
Economists polled by MarketWatch expect initial jobless claims to edge up to 305,000 in the seven days ended Aug. 2 from 302,000 in the prior week. The report will be issued at 8:30 a.m. Eastern.
Initial claims have ranged from 300,000 to 325,000 for most of the year and they even touched a 14-year low of 279,000 in mid-July. The low level of claims – a proxy for layoffs – has coincided with an acceleration in U.S. job creation to more than 200,000 a month.
Since the early 1970s, weekly jobless claims have only fallen below the 300,000 mark during especially fast periods of U.S. growth. What’s different now is the economy is growing at just two-thirds its normal speed and unemployment remains unusually high at this late stage of a recovery.
As long as claims stay low, however, it will be a sign that companies plan to continue to hire at a modest clip and forgo mass layoffs. Most businesses laid off so many workers during and after the Great Recession that they are now very lean. Now they are more willing to add employees as sales continue to tick higher.
Also on Thursday, the Federal Reserve will tell us how much consumers increased their use of credit in June. The Fed’s credit report comes out at 3 p.m. Eastern. http://blogs.marketwatch.com/capitolreport/2014/08/06/u-s-jobless-claims-hint-at-further-labor-market-gains/
Nasdaq Scans 8/06:
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Active Options 8/06:
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U.S. stock gains muted; Time Warner sells off
Wallgreen, Time Warner losses shave nearly 2 points off S&P 500
NEW YORK (MarketWatch) — U.S. stocks ended Wednesday marginally higher, as investors remained cautious in the wake of heightened geopolitical risks and downbeat European economic news.
A lack of risk appetite globally pushed prices of safe-haven assets higher. U.S. Treasurys rallied and gold futures jumped 1.8% above $1,300 per troy ounce, while global equities fell.
The S&P 500 (SNC:SPX) flat at 1,920.23. The Dow Jones Industrial Average (DJI:DJIA) gained 13.87 points, or 0.1%, to 16,443.34. The Nasdaq Composite (NASDAQ:COMP) added 2.22 points to 4,355.05. http://www.marketwatch.com/story/us-stocks-futures-fall-as-europes-economy-stumbles-2014-08-06
Updates, advisories and surprises
http://www.marketwatch.com/story/updates-advisories-and-surprises-2014-08-06-810319
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(Corrected)Top OTC % Gainers 8/06 close:
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lol its #4 on there
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Gold prices rise along with tensions in Ukraine
Analyst: Sell into any rally in prices
SAN FRANCISCO (MarketWatch) -- Gold prices on Wednesday shrugged off its recent weakness to move back above $1,300 as Ukraine fears cast a shadow over the equity markets.
Gold for December delivery (CNS:GCZ4) rose $22.90, or 1.8%, to $1,308.20 an ounce, the first time it settled above $1,300 since July 29. September silver (CNS:SIU4) gained 19 cents to $20.02 an ounce.
Russia is believed to be massing troops on the border with Ukraine while the Polish foreign minister warned of a potential Russian invasion, according to reports.
A day earlier, a firmer dollar and some strong economic data led to a second-straight losing session for gold prices even as investors began to steer away from stocks.
From a technical perspective, Walter de Wet of Standard Bank said he’d still recommend selling into any rally in gold prices.
“The 200-day moving average is at $1,284. If gold moves below this, we’d expect further long liquidation as well as new shorts to enter the market,” he said. “We maintain that, from a risk/return perspective, there’s no point in entering new shorts until gold sticks below its 200-day MA.” http://www.marketwatch.com/story/gold-prices-rise-along-with-tensions-in-ukraine-2014-08-06
U.S. stocks erase losses; 21st Century Fox rallies
Wallgreen, Time Warner losses shave off nearly 2 points off S&P 500
NEW YORK (MarketWatch) — U.S. stocks edged higher on Wednesday, erasing early losses as investors shrugged off worries about geopolitical risks and downbeat European economic news. http://www.marketwatch.com/story/us-stocks-futures-fall-as-europes-economy-stumbles-2014-08-06
Gold rises as Ukraine tensions hurt equities
Gold ticked up slightly on Wednesday and could benefit from a bout of market risk aversion as fears of increasing military action along the Ukraine border put global equities under pressure. http://www.cnbc.com/id/101897141
Early movers: FOXA, TWX, GE, M, S, TMUS, Z & more
http://www.cnbc.com/id/101898323
Groupon, Time Warner, Ralph Lauren are stocks to watch
21st Century Fox jumps on end to Time Warner bid
http://www.marketwatch.com/story/time-warner-ralph-lauren-are-stocks-to-watch-2014-08-05?dist=beforebell
U.S. stocks: Futures fall on Russia fears, Europe economy
Merger updates lift 21st Century Fox, batter Sprint
MADRID (MarketWatch) — Failed merger news, geopolitical tensions and downbeat European economic news pushed U.S. stock futures into the red on Wednesday, potentially setting Wall Street up for another day of losses.
Just one piece of economic data from the U.S. is due, while shares of Groupon Inc., 21st Century Fox Inc., Sprint Corp. and Walgreen Co. were active in the premarket.
Futures for the Dow Jones Industrial Average (CBE:DJU4) fell 64 points, or 0.4%, to 16,304, while those for the S&P 500 index (GLC:SPU4) eased 7.1 points, or 0.4%, to 1,905.90. Futures for the Nasdaq-100 index (GLC:NDU4) tumbled 20.50 points, or 0.5%, to 3,851.25.
Trade deficit data for June will be released at 8:30 a.m. Eastern Time. Also on the economic front, Dallas Federal Reserve President Richard Fisher said after the close of Wall Street’s session that the central bank may need to hike rates sooner than expected, if data continues to be as strong as the July Institute for Supply Management’s service-sector index. The index reached the highest level since Dec. 2005 on Tuesday. http://www.marketwatch.com/story/us-stocks-futures-fall-as-europes-economy-stumbles-2014-08-06?dist=beforebell
It wasn't a PR it was an 8K filing.
After-hours buzz: FireEye, Groupon, Walt Disney & more
http://www.cnbc.com/id/101896863