STOCKS NEWS US-ABA sees recessing ending in Q3

Stocks on the move [HOT-RTRS]

Real-time Equity news [U][E] [RESF/US]

For U.S. stock market report double-click [.N]
1015 ET 16June2009-ABA sees recessing ending in Q3
------------------------------------------------------------------------------

The American Bankers Association on Wednesday said it
expects the U.S. recession will end in the third quarter,
though high unemployment and large federal deficits would
linger.

"The economy will return to growth but not to health," said
Bruce Kasman, chairman of the economic advisory committee and
chief economist for JPMorgan Chase in New York.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1006 ET 16June2009-Morgan Stanley may repay TARP on Wed:
source
------------------------------------------------------------------------------

Morgan Stanley (MS.N) is expected to begin repaying TARP
funds on Wednesday, according to a source familiar with the
situation.

Last week, the financial services company was named as one
of the ten major banks who would be allowed to repay federal
bailout loans. It received $10 billion under the program.

For details, see [ID:nWEN0581]

Shares of Morgan Stanley rose 1.2 percent to $28.75.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0957 ET 16June2009-Steel index advances after Nucor outlook
------------------------------------------------------------------------------

The Dow Jones U.S. Steel index .DJUSST rallied on
Tuesday, after Nucor (NUE.N) forecast a second-quarter loss
that was narrower than expectations. The company cited a recent
pickup in orders in its view.

For details, see [ID:nN16272779]

Shares of Nucor surged 4.6 percent to $47.89 while the
Steel index added 4.4 percent to 225.66. Among other companies
in the steel sector, U.S Steel (X.N) gained 3.8 percent to
$38.46 and AK Steel (AKS.N) was up 6.2 percent to $19.47.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0936 ET 16June2009-Monday's stock market slide was overdone: DA
Davidson
------------------------------------------------------------------------------

DA Davidson on Tuesday wrote that a steep decline in the
stock market in Monday's session "felt extreme," noting that
there hadn't been many one-day declines of 2 percent over the
past three months.

"We wouldn't be surprised to see yesterday's dip quickly
disappear from the minds of investors in the same way other
single day declines seen over the last three months have," the
firm wrote. "Investors should be aware that this is a quadruple
witching expirations week when options, commodities, options on
commodities and individual equity futures all expire."

The firm noted that there were typically "wild swings" on a
week with four expirations.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0930 ET 16June2009-Markets open higher after data
------------------------------------------------------------------------------

Major U.S. indexes opened higher on Tuesday, lifted after a
steep decline in Monday's session, and after data showed that
housing starts rebounded in May and that producer prices in the
month rose less than expected, suggesting that inflationary
pressures were contained.

The Dow Jones industrial average .DJI rose 0.2 percent to
8,633.67 while the S&P 500 .SPX gained 0.3 percent to 926.13
and the Nasdaq .IXIC was up 0.5 percent to 1,825.20.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0909 ET 16June2009-Best Buy down after results, RadioShack
falls
------------------------------------------------------------------------------

Shares of Best Buy Co Inc (BBY.N) fell in premarket trading
on Tuesday after the electronics retailer reported lower
first-quarter profit and a drop in quarterly same-store sales.
The company affirmed its full-year outlook.

For details, see [ID:nN16210900]

Shares of Best Buy fell 3.1 percent to $37.47 while peer
company RadioShack (RSH.N) edged 0.5 percent lower to $14.50
before the bell.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net