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Adam in CNBC: Nasdaq sheds more than 1% as tech stocks slide; oil prices extend gains
December 1, 2016 4pm EST U.S. equities closed mostly lower on Thursday as declines in tech offset a rally in financial stocks, while investors digested economic data and rising oil prices. The Dow Jones industrial average rose about 70 points, with Goldman Sachs contributing the most gains. The S&P 500 fell about 0.4 percent, with…
WSJ Asked Adam About Commodities
India, Buried in Sugar, Tries to Dig Out Government price controls have created an unsustainable glut, with 13 million tons stockpiled May 29, 2018 7:00 a.m. ET RAJPURA, India—The Indian government’s price controls have created an unsustainable sugar glut, and now New Delhi wants to dump it on the already struggling world market for the commodity. India…
Sarhan in CNBC: Bulls vs bears – Two arguments for stocks in the second half
Stocks have been flat for 18 months, but some market participants see potential upside in the second half despite many reasons to doubt the staying power of this weeks’ gains. After Thursday’s close, the Dow Jones industrial average and the S&P 500 were virtually unchanged for the year, having gained just 2.69 percent and 2.90…
Reuters Quote: US STOCKS-Wall St poised to rebound after global market rout
* China cuts interest rate for second time in two months * Oil prices rebound but still near 6-1/2-year lows * Apple up 5.1 pct, BofA leads banks higher * Futures up: Dow 522 pts, S&P 62 pts, Nasdaq 152 pts (Adds details, comment, updates prices) By Tanya Agrawal Aug 25 (Reuters) – U.S. stocks…
Adam Sarhan Reuters Gold Quote
Gold up 1.7% on inflation fear after cenbank move By Frank Tang and Susan Thomas NEW YORK/LONDON | Wed Nov 30, 2011 1:20pm EST (Reuters) – Gold rose nearly 2 percent on Wednesday, on track for its biggest three-day rally in more than a month, as a move by major central banks to add liquidity to global markets boosted…
Adam Sarhan Dow Jones Newswires Quote: MARKET TALK: Cotton Futures Barely Budge on Lack of Buying
15:16 EDT – Cotton futures continue to loll around between 70c. and 72.50c/lb. with China off on holiday. Volume was very thin at just 55% of 2012’s average daily volume. “Cotton continues to go virtually nowhere as it continues tracing out its long base,” says Sarhan Capital’s Adam Sarhan. A robust USDA export sales report…