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TheStreet TV
Summary: Financial news and analysis from TheStreet
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U.S. stocks moved
Oil prices are rallying on new hopes of an output freeze. The latest here is that Russia and Saudi Arabia are talking about stabilizing prices. This is raising hopes for a solution to the massive glut in the oil industry are rising. Crude oil prices are now at a 3 week high. Honeywell ( ) could be becoming more of a software company. The Wall Street Journal says it's nearing a deal to acquire JDA Software , a maker of software that helps businesses manage supply chains. The deal would value JDA at around $3 billion, including debt. The deal could be announced as soon as today. Apple ( ) is said to be readying another iPad Pro. An Apple analyst says the company will release a trio of new iPads in 2017, including a new size 10.5 inch iPad Pro and a 'low cost' 9.7 inch iPad. While sales of the iPad were declining overall, demand is surging from businesses and government.
Stocks ended mixed after another increase in crude prices gave oil the best weekly gains since April. The Nasdaq netted a new record close, while the S&P 500
U.S. stocks moved slightly lower on Friday, following record closes on Thursday for the three major stock indexes. Investors parsed weaker-than-expected consumer spending data.
Stocks look to build on Thursday's broad gains, which put all 3 major U.S. stock indexes into record territory, the first time that's happened in the same day since December 31st, 1999. The major stock gauges are up between .1% and .4% for the week. The NASDAQ is on track for its 7th straight up week. Shares of Nordstrom
A massive rally in crude oil and better-than-expected quarterly performance out from the retail space helped to drive stocks to new highs.
U.S. stocks added to gains after a series of positive earnings from retail companies and another increase in crude prices. Department store Macy's
U.S. stocks moved higher Thursday, as Alibaba and Macy's reported better-than-expected earnings.
Oil prices are trying to rebound despite the IEA cutting its demand forecast. The International Energy Agency says the weak global economy will cause the world to use less oil next year than previously thought. It says the massive supply of oil continues to keep a lid on prices. Valeant ( ) executives may be facing a criminal investigation. The Wall Street Journal says U.S. prosecutors have opened a criminal investigation into the drugmaker over whether it hid from insurers its relationship with a specialty pharmacy that helped boost its drug sales. Valeant's drug pricing and its business practices have drawn interest from multiple U.S. government agencies. Shake Shack ( ) is getting whacked as it's seeing a sales growth slowdown. The company says new sandwiches, like a chicken sandwich and a bacon cheddar burger, have allowed it stay competitive as other restaurant chains falter.
Stocks edged back from records highs set last week as resurfacing supply worries took a chunk out of crude prices. Oil ended at a one-week low
The Dow Jones Industrial Average surrendered slight gains as crude oil reversed direction to drop below $43
U.S. stocks moved slightly higher Wednesday with the S&P 500 roughly two points away from a new record high.
Stocks ended the session barely higher, though the S&P 500
Stocks added to modest gains through the morning session as a mix of earnings reports rolled in. Both the S&P 500
U.S. stocks gained steam Tuesday, as oil prices inched higher.