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Wall Street ekes out gains

2017年 4月 5日 星期三 - 01:29

U.S. stocks were little changed on Tuesday, as investors stayed on the sidelines ahead of the first-quarter earnings season. Fred Katayama reports.

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Wall Street barely eked out a gain after trading in a narrow range Tuesday. Energy and materials stocks led the list of gainers. Investors feeling cautious over President Donald Trump's ability to deliver on his policy plans. Michael Hans of Clarfield Financial Advisors: SOUNDBITE: MICHAEL HANS, CIO, CLARFELD FINANCIAL ADVISORS, (ENGLISH) SAYING: "I think markets are seeking direction. You don't have a significant amount of data flow coming out as we're just coming off a quarter end. Earnings season really won't kick into effect until early next week. And we do have a labor report coming out this Friday." Staples stock shot higher on news that the office supply retailer is in talks with private equity firms. A source says it is exploring a sale of the company. Boeing shares rose. The aerospace giant signed a tentative deal to sell 30 737 MAX narrow-body jets to Iran's Aseman Airlines. The deal is worth about $3 billion. Aseman has an option to buy 30 more planes. Dragging down the Nasdaq: Nvidia. Pacific Crest downgraded the chip maker to "underweight" from "sector weight". Positive economic news: The U.S. trade deficit shrank more than economists expected in February as exports soared to a two-year high. New orders for manufactured goods rose for a third straight month. Richmond Federal Reserve President Jeffrey Lacker abruptly left the central bank after admitting he may have leaked market sensitive news about Fed policy options in 2012. In Europe, gains in oil-related stocks and miners pushed the markets higher in a choppy session.

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Wall Street ekes out gains

2017年 4月 5日 星期三 - 01:29