Date: 2017-05-11 00:00:00
S&P 500 (SPY) — open: 239.39, high: 239.87, low: 239.15, close: 239.87, volume: 54293800, daily change: 0.0018
News headlines:
Asian Stocks Start Modestly Lower
Home Capital Group Posts Slight Decline in Profits
How Telecom Speculator Howard Jonas Made Billions From Verizon, AT&T
Financial-Regulation Rework Should Remember Ratings Firms
Generation of Renters Now Buying
Roundup of Form D Regulatory Filings--May 11
Peru Cuts Key Interest Rate to 4%
McDonald’s Boosts Its Payout for Franchise Upgrades
Stocks Retreat After Weak Earnings
Petrobras Posts Largest Profit in Two Years
Delaware Judge Frees Cigna to Exit Anthem Merger
Market Talk: Daily Analysis Roundup
Fannie Mae’s Overseer Has ’Complete Confidence’ in CEO
The One Bond Market Where Yields are Still at Record Lows
Amid Retail Funk, Macy’s Says ‘We’re Not Dead’
Adveq’s Steven Yang: Top Health-Care Investors on Par With Tech’s Best
Germany’s SolarWorld Files for Insolvency
Crude Rally Lifts Copper
Europe Needs a Non-Standard Exit From its Monetary Stimulus
Safety, Liquidity, and the Natural Rate of Interest
Elliott Sues to Open Up Energy Future Bankruptcy
National Air Cargo Founder Offers to Pay Its Debts
Dollar Wavers as Investors Watch U.S. Data
Live Video Discussion: Raising Capital for Health Deals
Natural Gas Settles Higher on Stockpile Data
U.S. Steel Faces Tough Choice Between Costs, Investment
Merrill Lynch Eases Ban on Commission-Based IRAs
Oil Jumps on Confidence in OPEC Cuts
ECB’s Praet: Not Yet Time to Normalize Policy
Italy Tries to Reassure U.S. on Its Bank Turnaround
Quick Hits: Bank of England Growth Forecast Seen as Too Optimistic
Wells Fargo to Cut Additional $2 Billion in Expenses
Fed Sets Calendar for 2018 Policy Meetings
Marsh Supermarkets Files for Bankruptcy
Barclays Shakes Up Investment Banking Unit, Announces Hiring Spree
Trump Administration, Senators Put Fannie, Freddie Overhaul Back in Play
Former Fox TV Head to Run Sony Pictures
Maersk Executives Call a Bottom in the Shipping Container Market
Fed’s Dudley Doesn’t Expect Dramatic Change in U.S. Monetary Policy
China May Introduce Oil-Futures Contract This Year
U.S. Producer Prices Jump 0.5% in April
Dow, DuPont to Review Breakup Plan After Merger
AIG Plans to Name Brian Duperreault as Next CEO
Fed to Continue Testing Its Term Deposit Facility Tool
U.S. Virgin Islands Utility to Test Bond Market
Economists Say Trump’s Agenda Would Boost Growth — a Little
Twitter Gets Another Chance With NFL, But Still Won’t Be Streaming Games
Cancer Blood-Testing Company Guardant Health Collects $360 Million
Firm Retention Summary: Aerospace Holdings Inc.
Firm Retention Summary: Venoco LLC
Economists See Modest Impact From a Fed Balance-Sheet Reduction
OPEC Raises Forecast for Rival Oil Output
Itaú Close to Deal to Buy 49% of Broker XP
U.S. Producer Prices Jump 0.5% in April
Voices: Crucial Elements in Wealth Management—Simplicity and Transparency
Bank of England Bets on Smooth Brexit
U.S. Jobless Claims Fell to 236,000 Last Week
Boeing Should Soon Resume 737 Max Jetliner Test Flights, Start Deliveries
EU Raises Growth Forecasts but Cites Threats From Brexit, Trump
Emirates Airline Battered by Trump Travel Ban
Exclusive: OCC Chief on Volcker Rule Relief | Fannie, Freddie Overhaul Back | Barclays Settles With SEC | Time’s Up for GOP to Kill Prepaid-Card Rule | Ackerman’s Take: Clayton Sows Agenda Seeds
IoTium Nabs $8.4 Million For Industrial IoT Security
Haggin’s Take: High Time Again for Burn Rate Revelations and Zombies?
Ackerman’s Take: Clayton Sows Agenda Seeds
Pressure Builds on the Fed to Raise Rates Faster
Chicago Fed Paper Explores Policy Initiatives for Minority-Owned Banks
The Yield Curve in China’s Jittery Bond Market Just Inverted
Kansas City Fed Paper Estimates Financial Impact of Balance Sheet Reduction
Verizon Wins Bidding War for Straight Path Communications
Blackstone’s Take: Sunny Spring for Swiss Central Bank, but Clouds on Horizon
Money From Chinese State Giants Helped Fund Aluminum Stockpile
Exclusive: OCC Chief on Volcker Rule Relief | Fannie, Freddie Overhaul Back | Barclays Settles With SEC | Time’s Up for GOP to Kill Prepaid-Card Rule | Ackerman’s Take: Clayton Sows Agenda Seeds
BT Cuts 4,000 Jobs and CEO Bonus as Profit Falls
The Volcker Rule: How Trump’s New Regulator May Unleash Big Banks
Europe’s Fashion Brands Expand in U.S. Even as American Stores Close
Taiwan Stocks Close Above 10000 for First Time Since New Millennium
Philippine Central Bank Keeps Rates on Hold
Looser for Longer is Least Risky Course for ECB, Says Chief Economist
EU Now Sees No U.K. Slowdown in 2017
ECB’s Constâncio Says Time for Regulatory Light to Shine on Shadow Banking
Altice USA Outperforms French Unit Ahead of IPO
Crédit Agricole Profit Lifted by Fixed-Income Rebound
Rizzo’s Take: The Lease Problem for Retailers Is About to Get Worse
Residential Construction in New York to Rise Sharply
Market direction: Neutral