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MIDEAST STOCKS-Saudi slips after oil price drop, bomb attack; Egypt up

(Updates with Saudi Arabia, Egypt open) DUBAI, May 24 (Reuters) - Saudi Arabia's stock market fell in early trade on Sunday after oil prices fell and Islamic State militants carried out their first attack in the kingdom, while Egypt's bourse extended gains after rising above key technical resistance. Brent oil fell $1.17, or 1.8 percent, to $65.37 a barrel on Friday, declining 2.1 percent on the week as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day rally. Petrochemicals giant Saudi Basic Industries, whose profits are sensitive to oil prices, dropped 2.7 percent and was the main drag on Saudi Arabia's index which lost 0.7 percent.

Wall Street Weekahead - Yellen tone suggests choppiness for markets ahead

Specialist traders work at a terminal screen on the floor of the New York Stock ExchangeBy Ryan Vlastelica NEW YORK (Reuters) - U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks. Fed Chair Janet Yellen on Friday said she expected the U.S. central bank to raise rates in 2015, though the process was expected to be gradual, with the timing of the first hike dependent on the strength of economic data. Some weak reports have pushed back the expected lift-off, but Yellen's words suggest the Fed is still headed to rate increases later this year.


US stocks fall slightly on lower oil, mixed earnings news

FILE - In this Aug. 8. 2011, file photo, a Wall Street sign hangs near the New York Stock Exchange. Stocks slipped in early trading Friday, May 22, 2015, as energy companies fell along with the price of oil. (AP Photo/Jin Lee, File)NEW YORK (AP) ? The stock market capped a quiet week of trading on a down note.


Wall Street ends lower after Yellen comments fail to inspire

Traders work shortly after the opening bell on the floor of the New York Stock ExchangeU.S. stocks ended weaker on Friday after Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year, in line with Wall Street's expectations. In a speech, Yellen said a rate hike would be warranted this year if the economy keeps improving as expected. Investors have enjoyed an extended period of low volatility and steady gains, but with the Fed on track to raise rates this year and major indexes near records, the market could get a bit choppier in coming weeks.


Wall St flat, Yellen comments in line with expectations

Traders work shortly after the opening bell on the floor of the New York Stock ExchangeU.S. stocks were flat on Friday after Federal Reserve Chair Janet Yellen said it would be appropriate to raise interest rates this year if the economy continues on its current path, in line with broad expectations on Wall Street. In a speech, Yellen said the economy was well-positioned for growth and that it would take several years to return to normal interest rates. Yellen is a dove more than a hawk, and she's not in a real rush to raise rates.


Is Twitter Making A Comeback? Some New Treats For Marketers

Is Twitter Making A Comeback? Some New Treats For MarketersFor anyone who pays attention to the stock market (which I don?t) or the news (which I do), it?s clear that Twitter hasn?t been looking so hot these days. Last month, the social platform fell short of its projected revenue for the first time as a public company. Somewhat embarrassing, right? Twitter?s much younger cousin [?]


US STOCKS-Wall St mixed as CPI data sparks rate hike timing doubts

* Yellen speaks at 1:00 p.m. May 22 (Reuters) - Wall Street was mixed in early trading on Friday as investors digested data that showed rising inflation pressure, casting fresh doubt on when the Federal Reserve would ultimately raise interest rates this year. U.S. consumer prices moderated in April, data showed, but the so-called core consumer price index, which strips out food and energy costs, posted its largest gain since January 2013.

BlackBerry pitches buyback plan to purchase 12 million shares

The Blackberry sign is pictured in WaterlooWaterloo-based smartphone maker BlackBerrywill buy back 12 million of its own shares, news that sent the company's stock up more than two per cent on Friday. BlackBerry, which has not repurchased any outstanding securities in the last year, said it would present a new employee share purchase program and propose an increase in its equity incentive plan at its annual meeting on June 23. BlackBerry said it would buy the shares, which works out to about 2.6 percent of its outstanding public float, over the Nasdaq Stock Market or on the Toronto Stock Exchange, subject to approval.


 
 
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