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Sarhan CNBC: Dow plunges 350, Nasdaq briefly down 3%; gold surges
Monday, February 8, 2016 U.S. stocks fell sharply on Monday as global growth concerns weighed on investors. Gold futures for April delivery surged 3.2 percent — or $37.60 — to trade at $1,195.30 an ounce, and hit their highest level since June. “The gold trade is signaling a retreat in global inflation,” said Mark Luschini,…
Benzinga Quote: 3 Experts Weigh In Before Retail Sales Report
The U.S. Census Bureau will release its inflation-adjusted retail sales figures for the month of May tomorrow at 8:30 a.m. ET. Forecasts expect a 1.1 percent increase month-over-month. In April, retail sales were flat. Retail sales are considered the foremost indicator of consumer spending, which still constitute about 70 percent of the American economy. Benzinga…
Reuters Quote: METALS-Copper crumbles 7% as double-dip fears bite
“Copper tends to lead other markets. If copper prices are starting to begin another leg lower now — nearly 10 percent in just two days — that’s not just a blip on the radar … it is indicative of investors’ concern about the global economy,” said Adam Sarhan, chief executive of New York-based Sarhan Capital.
“Copper right now is signaling that the global economy might be in for a double dip.”Adam Sarhan Reuters Quote: S&P 500 erases early losses to end flat; energy, tech up
BY CAROLINE VALETKEVITCH NEW YORK Tue Dec 9, 2014 6:59pm EST (Reuters) – The S&P 500 ended nearly flat on Tuesday as concerns about global weakness and political turmoil were offset by gains in technology and energy shares. The index managed to nearly erase a 1.3 percent decline from earlier in the day, moving more…
Reuters: Wall Street sinks; Nasdaq hits lowest since August 24
Markets | Fri Jan 15, 2016 10:20am EST Wall Street sank on Friday morning, with the Nasdaq hitting its lowest since Aug. 24 and the Dow plunging nearly 400 points, as oil prices dived below $30 per barrel. The sell-off was broad, with all 10 major S&P sectors in the red and all 30 Dow…
Adam Sarhan CNBC.com Quote: INSTANT VIEW-GE profit jumps 16 percent in first quarter
UPDATE 1-INSTANT VIEW-GE profit jumps 16 percent in first quarter Published: Friday, 19 Apr 2013 | 7:06 AM ET April 18 (Reuters) – General Electric Co reported a 16 percent rise in first-quarter earnings on Friday as it sold more equipment for oil and gas drilling and shed its stake in NBC Universal. The world’s…
