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Yahoo Finance's Jared Blikre joins Alexis Christoforous from the floor of the New York Stock Exchange to break down the latest market moves.
Global stocks mixed, with Asia slumping on renewed China woes and Europe edging higher amid a weaker single currency despite ongoing Turkish tensions. European stocks book early gains as euro falls to 14-month low of 1.1312, but banks continue to underperform amid Turkey's ongoing currency crisis. Global oil prices dip as dollar strength, China weakness offset concern over looming sanctions on Iranian crude.
BANGKOK (AP) — Shares were mixed Wednesday after Turkey announced it was increasing tariffs on imports of some U.S. products, escalating a feud with the United States that has helped trigger a currency crisis.
U.S. stocks climbed Tuesday, halting four-session losing streaks for the Dow Jones Industrial Average and S&P 500, as concerns over the Turkish lira’s recent slide appeared to ease. The Dow industrials added 112.22 points, or 0.4%, to 25299.92, while the S&P 500 gained 18.03 points, or 0.6%, to 2839.96. Stocks have been under pressure in recent sessions, as investors worried that Turkey’s economic crisis could spread to other emerging markets.
U.S. stocks rallied Tuesday as banks, retailers, and smaller companies jumped. That helped the market recover most of its losses from the previous two days.
U.S. stocks rallied Tuesday as banks, retailers, and smaller companies jumped. The Turkish lira steadied as officials from Turkey and the U.S. said the countries are in talks to ease diplomatic tensions, which have resulted in high tariffs on Turkish steel and aluminum. Stocks in emerging markets like Argentina, Russia and Brazil jumped.
By Stephen Culp NEW YORK (Reuters) - Wall Street's three major indexes rose on Tuesday with the S&P 500 posting its strongest gain in three weeks as a string of healthy earnings boosted investor optimism ...
Wall Street's three major indexes rose on Tuesday with the S&P 500 posting its strongest gain in three weeks as a string of healthy earnings boosted investor optimism and a rebound in the Turkish lira eased fears of a broader financial contagion. Gains were widespread, and the S&P 500 and the Dow Jones Industrial Average ended four-day losing streaks. The Turkish lira regained some ground a day after it plunged to an all-time low.
U.S. stocks bounce back to close higher Tuesday, with the S&P 500 snapping its longest losing streak since March, as the worst of the panic over Turkey’s currency crisis abated, allowing investors to focus on a healthy domestic economy and strong corporate results.
So much for being the bond king. The quondam fixed-income guru—at least by the recent reckoning of his current employer—got less than a ringing endorsement from his boss, Janus Henderson CEO, Richard Weil, on Thursday.
U.S. stocks closed Tuesday's session solidly in the green, halting a multiday tumble for the three main equity benchmarks, which advanced as Turkey's currency slide abated, allowing investors to focus instead on a healthy domestic economy and strong corporate results. The Dow Jones Industrial Average (DJIA) rose 0.5% at 25,300 (on a preliminary basis), the S&P 500 index (SPX) added 0.6% to 2,839, with all 11 sectors of the broad-based index finishing in positive territory. Both the Dow and the S&P 500 had fallen in the past four sessions.
Wall Street's three major indexes rose on Tuesday with the S&P 500 posting its strongest gain in three weeks as a string of healthy earnings boosted investor optimism and a rebound in the Turkish lira ...
Barring a breathtaking plunge, the bull market in U.S. stocks on Aug. 22 will become the longest in history, and optimistic investors argue it has miles to go before it rests.
MARKET PULSE Apple Inc. (aapl) is hiring engineers who could work on a custom chip designed for health applications, according to CNBC. The report cites job postings from the last few months and seeks engineers and ASIC architects.
Intel Corp. (intc) shares declined slightly Tuesday after the chip maker provided additional details about a vulnerability that could allow hackers into unauthorized computer areas. The chip maker released information on a "high" severity rating vulnerability called an "L1 Terminal Fault" where a computer's cache data may be accessed by an attacker. Intel identified three variants of the attack that could "potentially allow unauthorized disclosure of information residing in the L1 data cache, a small pool of memory within each processor core designed to store information about what the processor core is most likely to do next." Intel said the exploits are "highly sophisticated" and that it is not aware of any real-world attacks.
The market appears to have its mojo back— shrugging off the crisis in Turkey and finding other reasons to get back to new highs. The S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite are all notching gains, and Turkey and other emerging market stock exchange-traded funds are bouncing back from 52-week lows—though European financial stocks are still struggling to recover. The panic over Turkey has abated, for now.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 83 years ago, the U.S. Social Security Act was signed into law. Where The ...
U.S. stocks rose in a broad rally on Tuesday after four straight days of losses on a strong set of earnings from retailers and as bank stocks rebounded after the Turkish lira snapped a three-week slide. All 11 major S&P sectors were trading higher, with financials rising 0.63 pct.
In commodities, gold futures rose 0.33% to $1,202.90 a troy ounce, while crude oil futures increased 1.44% to $68.17 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.07% to 96.23.
U.S. stocks rose in a broad rally on Tuesday after three straight days of losses as strong earnings reports boosted optimism and bank shares rebounded after Turkey's currency snapped its three-week slide. All 11 major S&P sectors were trading higher, with financials rising 0.59 pct. The KBW bank index gained 1.04 percent, recovering from a 3 percent loss raked in over three sessions as investors fretted about banks' exposure to Turkey.