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On The Fly: Top stock stories at midday

Stocks opened in positive territory, but have turned mixed and moved in a narrow range during morning trading. The Dow has slipped into negative ground though the S&P and Nasdaq are holding onto slight gains. Other than the announced plan for China to cut the import tax on U.S. autos, there has been little movement on the trade front and the economic calendar is relatively quiet. ECONOMIC EVENTS: In the U.S., the Richmond Fed manufacturing index came in at 16, versus the consensus call for a May reading of 10. On the trade front, China's Finance... -The Fly

On The Fly: Top stock stories for Monday

Stocks opened sharply higher as trade tensions between China and the U.S. have eased for the time being. The market added some additional gains during the opening hours of trading but once the averages found a level, they moved in a narrow range. With today's advance, the Dow moved back above 25,000 for the first time since early March. ECONOMIC EVENTS: In the U.S., the Chicago Fed National Activity Index had an April reading of 0.34, versus the consensus call for a reading of 0.25. COMPANY NEWS: Shares of General Electric (GE) advanced 2% after the... -The Fly

On The Fly: Top five weekend stock stories

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. General Electric (GE) is nearing a deal to merge its transportation business with Wabtec (WAB), according to Reuters, citing two people familiar with the matter. A deal could be announced as early as this week, sources said. 2. China has agreed to significantly increase its purchases of U.S. goods and services but made no mention of a $200B target the White House had touted earlier, according to Reuters. During an appearance on Fox News on Sunday, Treasury Secretary Steve... -The Fly

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