Energy prices hinge on EIA data as oil slips
Wall Street nerves ride on the Fed meeting while the EIA weekly petroleum status report looms. Prices have tumbled with crude around 43.46 dollars a barrel, squeezing energy firms and raising deflation fears, even as gasoline costs ease for consumers.
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SigFig investors in the United States track $200 billion assets
More than half a million investors nationwide manage portfolios online with SigFig. Data show turnover ranges 51 to 100 percent and figures for 5 day and six month averages. Largest holding and most bought and sold include Apple Inc. (AAPL).
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Microsoft Expands Band Watch Amid Distribution Push
Microsoft shares held steady after announcing plans to ramp up distribution and production of its Band smart watch through Best Buy Amazon.com and Target. The shoe retailer rose on 18% higher adjusted quarterly profit of 35 cents per share on 12% higher revenue of 640 million. The adjusted profit beat estimates by 25 percent.
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American Airlines Joins S&P 500 as Markets Close
American Airlines climbs into the S&P 500 after the market closes Friday signaling a strong rebound in the airline industry. Investors note the move as a milestone in the sector's revival and value the stock near a $50 mark.
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Standard & Poor
Alibaba lockup release may impact stock price and liquidity
USA TODAY reports insiders can sell 429.1 million Alibaba shares for the first time, about 17 percent of 2.5 billion outstanding. Market priced in the event, with shares down 10 percent in the last year as analysts expect earnings to rise and the stock to gain over 18 months.
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Alibaba
Rate move signals new era as markets brace for hikes
Fed chair Janet Yellen faces a treacherous path as the Fed delays but signals eventual rate increases. Investors price in volatility and shifting strategies while a rising economy hinges on tightening steps, with stocks, bonds, and gold all likely to move as the central bank moves from delay to action. David Callaway notes the cautious approach and potential for continued market turbulence.
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