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Wall St. rebounds; Nasdaq breaks seven-day losing run

Traders work on the floor of the NYSE(Reuters) - U.S. stocks rose on Monday, rebounding from losses last week, as financials gained with Berkshire Hathaway and weakness in the dollar eased worries about earnings for multinationals.

Wall Street rebounds; Nasdaq breaks seven-day losing run

Traders work on the floor of the NYSEU.S. stocks rose on Monday, rebounding from losses last week, as financials gained with Berkshire Hathaway and weakness in the dollar eased worries about earnings for multinationals. The Nasdaq snapped a seven-session losing streak, though Apple fell for an eighth straight session, its longest run of losses since mid-1998. Amazon shares jumped 3.7 percent to $683.85, giving the S&P 500 and Nasdaq their biggest boosts, while both the consumer discretionary sector and staples gained more than 1 percent each.

Goldman Sachs could benefit from buying E*Trade: CLSA

The Goldman Sachs logo is pictured on their post as traders work on the floor of the New York Stock Exchange in New York(Reuters) - Goldman Sachs Group Inc could benefit if it expanded its traditional banking by acquiring online brokerage E*Trade Financial Corp given the Wall Street bank's revenue has been largely flat this decade, said CLSA analyst Mike Mayo. Goldman would gain from increased deposits, freeing up of excess capital that is otherwise trapped and vitality to revenue growth, the veteran banking analyst wrote in a client note. The bank, which carries out consumer, corporate and private banking through GS Bank USA, has initiated the expansion of traditional banking with the acquisition of an online banking platform from General Electric Co last month.

Baker Hughes tries to reassure investors as Halliburton deal fails

Idle oil equipment is seen in a Baker Hughes yard in WillistonBaker Hughes Inc sought to reassure investors on Monday by announcing a $2.5 billion (1.70 billion pound) plan to buy back stock and pay down debt, using the breakup fee it will receive following the collapse of its long-stalled takeover by fellow oilfield services provider Halliburton Inc . Wall Street analysts said Halliburton should be in better shape than Baker Hughes but praised Baker Hughes' plan to cut annual costs by some $500 million in an oversupplied market while repurchasing shares. "(This) equates to meaningful upside potential to earnings estimates in 2016 and 2017" for Baker Hughes, UBS analyst Angeline Sedita said in a note to clients.

Ferrari nudges up earnings view, Marchionne becomes CEO

The control panel is pictured inside the new LaFerrari hybrid car on the Ferrari booth during the second media day of the 83rd Geneva Car Show at the Palexpo Arena in GenevaItalian luxury carmaker Ferrari on Monday nudged up its full-year earnings forecast after a stronger-than expected first quarter, helped by higher shipments and better margins. Ferrari , spun off from Fiat Chrysler Automobiles at the start of the year, also said Chairman Sergio Marchionne would take over as chief executive as well, following Amedeo Felisa's decision to retire. The move, effectively immediately, had been expected, with sources close to the matter saying it would make little difference as Marchionne had essentially been in charge since becoming chairman.

MIDEAST STOCKS-Gulf markets fall; Emaar Properties drops after earnings

* Petchems lead Saudi market down * Dubai Financial Market sinks after earnings * GFH rises on letter of intent with Eshraq * Abu Dhabi's TAQA outperforms on asset sale hope * Qatar's Ezdan falls after Q1 costs increase By Andrew Torchia DUBAI, May 2 (Reuters) - Stock markets in the Gulf fell on Monday after oil prices pulled back and Dubai blue chip Emaar Properties dropped following the release of its first-quarter earnings. Saudi Arabia's index slipped 0.6 percent as petrochemical shares in particular were weak, with Saudi Basic Industries losing 1.2 percent. ...

Sensex ends lower on tepid earnings, economic data

A broker reacts while trading at his computer terminal at a stock brokerage firm in MumbaiMUMBAI (Reuters) - Indian stock markets ended lower on Monday following a spate of disappointing corporate results, including from InterGlobe Aviation, and after a business survey showed manufacturing growth fell its lowest in four months. The Nikkei/Markit Manufacturing Purchasing Managers' Index fell to a four-month low of 50.5 in April from 52.4 in March. The broader NSE Nifty fell 0.56 percent to 7,805.90 points. The index hit its lowest since April 13 earlier in the session. The benchmark BSE Sensex lost 0.66 percent to 25,436.97 points, after earlier hitting its lowest since April 12. ...

BUZZ-Dubai's Emaar Properties rises on Q1 earnings

May 2 (Reuters) - ** Shares in Emaar Properties rise 0.9 percent to 6.70 dirhams in opening minutes ** Company reported 17 percent increase in first-quarter net profit to 1.21 billion dirhams ($330 million); SICO Bahrain had forecast 1.22 billion dirhams ** Deutsche Bank slightly raised target price for stock to 10.70 dirhams from 10.50 dirhams, with "buy" rating ** Faces strong technical resistance around 7.00 dirhams, where stock peaked in October and April ** Dubai stock index edges down 0.1 percent (Reporting by Andrew Torchia)
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