Wall Street eyes September Fed rate hike signals
Investors anticipate Janet Yellen guiding the Federal Reserve toward a rate increase as early as September, with markets pricing roughly a 75 percent chance of liftoff at the September meeting. The move follows years of near record-low rates and signals of a tightening cycle later this year, with data and mid-year updates likely before the July meeting.
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SigFig Enables Half Million Investors To Track Portfolios Online
SigFig reports more than 500000 investors nationwide with total assets around 200 billion dollars use its online investment tracking service. Data on this page come from SigFig analysis. Five day average return negative 0.65 percent. Over six months, largest holding is MSFT while most bought and sold are Apple shares.
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SigFig
MSFT
AAPL
Stocks update with mortgage REITs and insurer merger chatter
Investment Mortgage REIT gains on potential rate benefits as mortgage servicing rights appeal investors. Humana and rivals surge amid merger speculation with Anthem for Cigna, though shares dip on deal talk. General Motors struggles to regain momentum in late trading as it targets a return to the medium duty truck market with Japan’s Isuzu Motors. 4-week trend shows a $150 level.
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United Technologies to divest Sikorsky helicopter unit
United Technologies plans to divest Sikorsky Aircraft, maker of the Black Hawk, a move seen as small for the company yet potentially boosting margins. Shares fell about 2 percent as investors weighed the short term earnings impact of 20 to 30 cents per share and a similar charge, while analysts rate the stock outperform.
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United Technologies
Sikorsky Aircraft
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Gap to cut 250 corporate jobs and close 140 stores this year
Gap plans to close 175 stores in North America and about 140 more this year while cutting 250 corporate jobs as it reshapes for growth. The firm will operate roughly 500 Gap stores plus 300 outlets, with additional closures in Europe and unspecified impact on staff.
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Gap
North America
Jeff Kirwan
Sean Piazza
Piazza
New York
San Francisco
Rebekka Bay
Jessica Bornn
Merchant Forecast
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