Saturday, March 25, 2017 2:49:28 PM - Markets open
VN-INDEX 722.14 +2.58/+0.36%
HNX-INDEX 91.37 +1.47/+1.64%
UPCOM-INDEX 57.52 -0.14/-0.24%
Wall Street drifts with eyes on Fed; Intel drops
Source: Reuters - 3/14/2017 9:36:09 AM
 (0 ratings. You must sign in to rate.)
U.S. stocks ended little changed in light volume on Monday, with traders eyeing a Federal Reserve meeting expected to result in an interest rate increase later this week.

The S&P 500 traded in its tightest range of the year, in and out of slight losses, while the CBOE Volatility index .VIX was on track to close at its lowest in more than a week.

Shares of Mobileye (MBLY.N) jumped nearly 30 percent to a high of $61.51 after chipmaker Intel (INTC.O) agreed to buy the driverless technology maker for $15.3 billion. Mobileye closed up 28.2 percent at $60.62 and Intel fell 2.1 percent to $35.16.

Investors looked ahead to the Fed's two-day meeting that starts on Tuesday. Traders saw a 94 percent chance that the U.S. central bank will lift interest rates by 25 basis points on Wednesday.

"Other than the Fed on Wednesday, I don’t see anything going on to make any (investment) decisions on," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont.

"Intel buying Mobileye is the story of the day, moving into that market sector," he said, adding that they advised some clients to "fade in" into Intel stocks. "We think this is a very good support point," said Mendelsohn.

Nvidia (NVDA.O) rose 2.8 percent to $101.85 while Delphi Automotive (DLPH.N) added 4.0 percent to $80.20. Both are involved in developing technology for cars.

The Dow Jones Industrial Average .DJI fell 21.5 points, or 0.1 percent, to 20,881.48, the S&P 500 .SPX gained 0.87 point, or 0.04 percent, to 2,373.47 and the Nasdaq Composite .IXIC added 14.06 points, or 0.24 percent, to 5,875.78.

After the bell, U.S.-traded shares of Valeant Pharmaceuticals (VRX.N) dropped 9.3 percent to $10.98 after investor William Ackman, who had been its biggest cheerleader for two years as the share price climbed and then plummeted, on Monday said his hedge fund had sold its entire position.

During regular trading hours, Citrix Systems (CTXS.O) jumped 6.8 percent to $84.93 after Bloomberg reported that the cloud-services company is working with advisers to seek potential suitors.

Wynn Resorts (WYNN.O) gained 4.8 percent to $104.30 after Morgan Stanley reiterated its "buy" rating and said the company could gain a meaningful market share in Macau.

About 6.18 billion shares changed hands in U.S. exchanges, compared with the 6.93 billion daily average over the last 20 sessions.

Advancing issues outnumbered declining ones on the NYSE by a 1.54-to-1 ratio; on Nasdaq, a 1.68-to-1 ratio favored advancers.

The S&P 500 posted 39 new 52-week highs and three new lows; the Nasdaq Composite recorded 107 new highs and 48 new lows.

The S&P 500's average true range hit 5.9, its lowest of the year. The year-to-date average of that daily measure of volatility is 14.
Newer News
24/03 Oil edges up as Saudis cut supplies to U.S., but global glut remains
24/03 Dollar on back foot after U.S. healthcare vote postponed
24/03 Dollar hangs on for U.S. healthcare vote, Asia shares muted
23/03 Oil bounces off November lows, but bloated US stockpiles pressure market
23/03 Dollar limps up from 4-month low vs yen, Trump's healthcare bill in focus
23/03 Slide in U.S. infrastructure stocks sign of 'Trump trade' weakness
23/03 Asia stocks advance, dollar, oil recover from multi-month lows
21/03 Asian shares near 15-month high, dollar soft on less hawkish Fed
21/03 Dollar slumps after Fed Evans reinforces rate outlook
21/03 Oil prices rise on talk that OPEC could extend supply cut
Older News
10/03 Dollar on track for winning week as U.S. jobs data awaited, euro firm
10/03 Asia stocks edge higher, dollar up before U.S. payrolls
10/03 U.S. oil rises after dropping below $50 for first time since December
10/03 Wall Street ends up slightly; energy shares rebound
09/03 Dollar firm in Asia, resource shares on the run
09/03 Dollar stands tall on strong U.S. ADP job data, higher Treasury yields
09/03 OPEC cut 40 percent more in February than pledged in oil deal: Kuwait
09/03 Dow, S&P 500 dip as energy shares tumble
08/03 Dollar advance bogs down, U.S. jobs report comes into view
08/03 Asian shares slip after strong start to week on U.S. cues
 
Newsletter Signup
Top Stories
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
CPI below 5% target
At 6.21 per cent, country’s GDP below govt target
Market Update
Last updated at 3:00:00 PM
VN-INDEX 722.14 +2.58/+0.36%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.