Thursday 27 December 2018

Daily Investor Update: Dow, S&P 500 turn positive late in session

Reuters.com Newsletter

Dow, S&P 500 turn positive late in session

The S&P 500 and Dow industrials turned positive late in the session on Thursday, roaring back after steep losses for most of the day, helped by gains in technology and health stocks.

Oil prices drop as U.S. stock markets retreat

Oil prices fell on Thursday, retreating from an 8 percent rally in the previous session as Wall Street stocks also fell and the oil market focused on signs of faltering global economic growth and record production of crude.

New Mexico oil producers brace for tighter regulation as output jumps

Crude oil output has more than doubled in New Mexico over the last four years, making it the No. 3 producer among U.S. states, but a January change in state leadership to Democratic control has industry executives fearing tougher regulations are coming.

Venezuela cocoa growers fear new pest: the government

Venezuela cocoa trader Freddy Galindo has battled highway robberies, kidnappings of family members and declining quality in his 19 years exporting the nation's legendary beans.

Fed survey points to a scaling back of bets on emerging market gains

Most financial market credit officers surveyed by the Federal Reserve in November said their big clients were exposed to emerging markets but were scaling back bets emerging market assets would rise in value, the U.S. central bank said on Thursday.

Renault union calls for more transparency over Dutch holding

France's CGT union has called for more transparency at Renault and its Dutch holding company and asked the French government, one of the carmaker's shareholders, to try to shed light on its workings, a CGT representative said on Thursday.

FDA chief to meet e-cigarette makers amid crackdown

The U.S. Food and Drug Administration (FDA) plans to meet top-level executives of e-cigarette makers, the agency's chief said on Thursday, hinting that some companies seem to be backing away from commitments related to youth's access to e-cigarettes.

France's Vinci in $3.7 billion swoop on UK's Gatwick airport

France's Vinci is taking advantage of a Brexit hit to UK asset prices to buy a majority stake in Britain's second-busiest airport, London's Gatwick, for 2.9 billion pounds ($3.7 billion), the construction company said on Thursday.

Dramatic stock market rally runs out of steam

A dramatic global stock rally faded on Thursday after a fall in Chinese industrial profits and in U.S. consumer confidence offered reminders of the pressures on the world economy.

Drop in U.S. consumer confidence stokes fears of economic slowdown

A measure of U.S. consumer confidence posted its sharpest decline in more than three years in December, rattling investors already nervous about the prospect that a global economic slowdown was spilling over into the United States.

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