Bloomberg:
- U.S. Stocks Extend Advance as Treasuries Recover. (video) U.S. stocks advanced as Treasury yields erased most of their climb, with financial markets looking to stabilize after the worst week in two years for American equities. The S&P 500 Index extended gains as the 10-year yield fell back from the four-year high hit earlier Monday. The Nasdaq Composite Index turned positive for the year and the Dow Jones Industrial Average was almost there. Stocks and bonds have been in a tug-of-war since a blowout jobs report sent Treasury yields spiking, raising the specter of higher interest rates this year. The S&P 500 Index rose 1.7 percent as of 2:27 p.m. in New York. The Stoxx Europe 600 Index climbed 1.2 percent. The MSCI All-Country World Index added 1.2 percent, the most since April. The U.K.’s FTSE 100 Index rose 1.2 percent.
- Tech ETF Hit by the Largest Outflows Since the Dot-Com Crash. The rout in U.S. stocks last week spurred the heaviest withdrawals since the 2000 dot-com crash for the biggest exchange-traded fund tracking U.S. technology shares. Investors yanked almost $4 billion from the $56 billion PowerShares QQQ Trust Series 1 ETF in the five days ended Feb. 9, outpacing redemptions at the depths of the financial crisis. The SPDR S&P 500 ETF Trust, the world’s biggest fund, saw a record $23.6 billionof outflows.
- Bitcoin Risks Crashing to $900 If Dot-Com Mania Is Any Guide. (video)
- Morgan Stanley(MS) Strategist Who Predicted Volatility Says Buy Now. (video)
- Citi(C), Goldman(GS) Plan ETFs Tied to Riskiest Bank Bonds.
Wall Street Journal:
- Release the FISA Documents. The public deserves to see the full record on the FBI wiretap request.
- The Tax Law Is About to Make Analyzing Earnings Trickier. Microsoft, McDonald’s are among the big companies that may stretch out tax bill.
- Scientists Unearth Hope for New Antibiotics. Researchers identified new compounds by sifting through genetic material from soil samples.
- High-Speed Traders Profit From Return of Loophole at CME. Tiny gap between private trade confirmations and public data feed can be exploited to detect market moves, critics say.
MarketWatch.com:
CNBC:
- As Sears(SHLD) shutters more stores, these retailers could see gains.
- Trump isn't getting more popular, but his policies are.
- JP Morgan(JPM): Bull market has not peaked yet; buy bank stocks.
- Trump budget calls for 2% reductions in discretionary spending after 2019.
- Volatility is the ‘new normal,’ but that’s not a bad thing, says market watcher.
- Now may be your best shot to get a raise, thanks to corporate tax cuts.
- Buying oil has been a good bet after a loss like the market saw last week, history shows.
- 'Godfather' of technical analysis Acampora says market is 'bottoming out' so buy bank stocks.
Zero Hedge:
- S&P Spikes Above Overnight Highs, Dow Up 450 Points. (graph)
- "There's So Much Stress On Campus": Amazon Cuts 100s Of Jobs At Seattle Headquarters.
- BIS Publishes A "Simplified" Map Of China's Shadow Banking System.
- "Low Odds Of Being Enacted": Here Is Goldman's Summary Of Trump's Infrastructure Plan.
- Wife Of Donald Trump Jr. Taken To Hospital After Opening Envelope Containing White Powder.
- It Was An "Extraordinary Week in Equity Volatility": Here It Is In Charts. (graph)
- Trump's $4 Trillion Budget Proposal Unveiled: Here Are The Main Highlights.
- White House Releases 55-Page, $1.5 Trillion Infrastructure Plan.
- China's Plunge Protection Team Arrives: Urges Companies To Boost Stocks, "Avoid Selling".
- ISIS Moves Into Online Casinos To Offset Dwindled Oil Revenue.
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