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Traders trawling for catalyst to rally market

Stocks should continue to dance around all-time highs, as traders watch for catalysts in economic data and bond yields.
Source: CNBC.com | By: Patti Domm
Santelli: Understanding today's wild action  

CNBC's Rick Santelli discusses bond prices and yields.
Source: CNBC.com
UPDATE 2-India plans new oil subsidy rules to push ONGC stake sale

*No discount if oil prices average $60/ bbl in June qtr. NEW DELHI, May 22- India plans to reform rules governing the level of discounts upstream state oil firms including ONGC offer to retailers, a senior finance ministry official said on Friday, a move that could expedite the sale of a stake in the company. Currently ONGC, Oil India and GAIL sell crude and fuels like...
Source: Reuters | By: Nidhi Verma and Manoj Kumar
Shorting Netflix taught me a serious lesson: Trader

Thunderstruck by its massive valuation, one trader tried to short the high-flying stock. You will believe what happened next.
Source: CNBC.com | By: Alex Rosenberg
BOJ keeps massive monetary stimulus intact

The Bank of Japan on Friday kept its massive monetary stimulus program intact, as widely expected, and revised up its assessment of the economy, but analysts remain unconvinced the central bank is done with its easing campaign.. Policymakers no longer see a sluggish recovery in some areas of private consumption, but now judge consumer spending as' resilient'...
Source: CNBC.com | By: CNBC.com staff
Connecticut casino bill now faces uncertain path

HARTFORD, Conn.- Legislation creating a two-step process for possibly opening a new tribal casino in Connecticut faces a vote in the state House of Representatives, but the level of support in that chamber remains unclear. House Speaker Brendan Sharkey said Thursday that the majority Democrats, who control the House, have not taken any preliminary vote counts...
Source: The Associated Press | By: By SUSAN HAIGH, Associated Press
CNG begins largest natural gas expansion project in 30 years

EAST HAMPTON, Conn.- Connecticut Natural Gas announced Thursday it has begun construction on a 10- mile natural gas expansion project in East Hampton, the company's largest such project in 30 years. The gas main will serve nine East Hampton schools and municipal buildings, will reach major businesses and make natural gas an option for more than 400 residential...
Source: The Associated Press
Spotify to add video, announces new partnerships

Music streaming service Spotify will start offering video content with partners that include Comedy Central and Vice News.
Source: CNBC.com | By: Michelle Castillo
A series of settlements in 2010 Gulf oil spill

In a separate development, oil giant BP- which leased the rig from Transocean- reached settlements resolving years of complicated spill-related litigation with Transocean, and with contractor Halliburton, which did cement work on the rig before it exploded in April 2010. But Transocean and Halliburton also were found to have some responsibility.
Source: The Associated Press | By: By KEVIN McGILL, Associated Press
UPDATE 1-Spotify to start offering videos

A new recommendation function, similar to what rival Pandora Media Inc offers, will let people pick channels based on lifestyle activities, like "songs to sing to in the shower," or "100 plus hits form the 1980 s," the Stockholm- based company said. In a splashy event in New York, Spotify founder and Chief Executive Daniel Ek highlighted the discovery nature of the...
Source: Reuters | By: Jennifer Saba