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Adam Sarhan Reuters Quote: US STOCKS-Wall St hits records in broad, thinly traded rally
* Markets on track for positive week * Trading volume likely to be light after holiday * Biotech stocks rise, but still lower on week * Indexes up: Dow 0.3 pct, S&P 0.4 pct, Nasdaq 0.6 pct (Updates to morning trading) By Ryan Vlastelica NEW YORK, Dec 26 (Reuters) – U.S. stocks rose on Friday,…
International Business: Dow Jones Industrial Average Drops Nearly 400 Points In Global Sell-Off
BY ANGELO YOUNG @ANGELOYOUNG_ ON 01/04/16 AT 9:51 AM This story was updated at 2:06 p.m. EST. Global stock indexes tumbled deeply into the red Monday on the first trading day of 2016 as weak China manufacturing data rekindled concerns of a considerable slowdown in the world’s second-largest economy. The Dow Jones Industrial Average was on its…
Reuters Quote: Wall St. Set To Open Higher on Renewed Greece Hopes
By Sweta Singh Wall Street was set to open higher on Wednesday after Greek Prime Minister Alexis Tsipras signaled he was prepared to accept creditors’ bailout offer with some conditions. Greece on Tuesday on a 1.6 billion euro repayment to the International Monetary Fund. Tsipras has sent a letter to the creditors outlining conditions for…
Adam Sarhan Hong Kong Standard Quote: Weak durable goods data temper Dow
Weak durable goods data temper Dow Thursday, March 29, 2012 US stocks were flat as a weaker- than-expected reading on durable goods orders offset hopes that high oil prices could fall, removing a headwind to the economic recovery. US crude oil futures fell nearly 2 percent after a French newspaper reported several governments, including the…
Adam Sarhan Reuters Quote: Gold lower after strong US jobs data; platinum falls
* Drop in US jobless claims stirs ideas of Fed tapering * Platinum hits four-month low on technical selling * China’s imports from Hong Kong highest in seven months * Coming up: U.S. markets shut on Thursday By Frank Tang and Clara Denina NEW YORK/LONDON, Nov 27 (Reuters) – Gold fell on Wednesday, erasing initial…
Sarhan Capital CEO: The Noose Is Tightening Around Amazon's Neck
Benzinga News Desk , Benzinga Staff Writer January 29, 2015 12:29pm When asked for expectations ahead of the Amazon.com, Inc. AMZN 0.52% earnings report, Sarhan Capital CEO Adam Sarhan told Benzinga that while the company’s P/E ratio is off the charts, it also has a history of selling investors the future. Selling The Future He…