As investors picked up beaten-down stocks following a turbulent two weeks, while awaiting the annual central bankers meeting in Jackson Hole later this week.Read More »
HORSHAM, Pa. (AP) _ Toll Brothers Inc. (TOL) on Tuesday reported fiscal third-quarter profit of $148.6 million. The Horsham, Pennsylvania-based company said it had net income of 87 cents per share.
Gold prices retreated Tuesday, as sustained trading above the closely watched $1,300 level remained elusive despite gains in the previous session that lifted the metal to its highest finish in nearly three months. Monday’s climb was the result of investor demand for the perceived safety of the precious metal as the war of words between the U.S. and North Korea continued to smolder. The contract briefly jumped above $1,300 in Friday’s session for the first time this year, as a terrorist attack in Barcelona, Spain, and concerns about President Donald Trump’s pro-business agenda helped to spark a rush to haven assets, but prices pulled back that day to post a modest loss. “Gold was under noticeable pressure on Tuesday ... as the dollar stabilized,” said Lukman Otunuga, market analyst at FXTM, in a note.
The $975 billion fund is the largest sovereign wealth fund in the world and is bolstered by revenue from sales of oil. Nestle, China's TENCENT (Hong Kong Stock Exchange: 700-HK) and Swiss firm Novartis made the biggest positive contributions as the fund rose by 2.6 percent across the quarter. General Electric (NYSE: GE), AT&T (NYSE: T) and IBM (NYSE: IBM) were identified by fund administrator Norges Bank as having made the biggest negative impact.