|Day's Range||2,789.24 - 2,814.19|
|52 Week Range||2,417.35 - 2,872.87|
Yahoo Finance's Seana Smith and Jared Blikre on the biggest headlines moving the markets in midday trading Tuesday.
Fed Chairman Jerome Powell gave an upbeat assessment of the U.S. economy and indicated that it was "difficult" to forecast how trade disputes would impact the economy. The dollar was firmer following Powell's remarks. Asian shares looked set to rise on Wednesday, tracking gains seen on Wall Street amid earnings season news and following upbeat remarks from Federal Reserve Chairman Jerome Powell during his congressional testimony.
The Facebook Inc. (fb) data set related to the Cambridge Analytica scandal was accessed from Russia, according to a CNN report late Tuesday. Facebook stock was flat in after hours trading. Citing Conservative member of parliament Damian Collins, CNN reported that the Facebook data touching 87 million people was accessed from Russia and other countries.
Investing.com – The tech-heavy Nasdaq closed at record highs Tuesday, led by a rebound in Netflix from its lows and a surge in Amazon, as the e-commerce giant's 'Prime Day' sales bonanza triggered a sharp uptick in sales.
Stocks could be setting up for more new highs, after Nasdaq ended at a record on what could have been an ugly trading day. Strategists say the S&P 500, just 2.2 percent from its all-time high, could regain its high in a matter of weeks, if not sooner. Stocks should benefit during earnings season, as long as trade issues don't become heated again.
OMAHA, Neb. (AP) — CSX Corp. delivered a 72 percent jump in its second-quarter profit as the railroad continues to cut its expenses and improve operations.
Asian stocks are poised to advance after an upbeat assessment on the economy from Federal Reserve Chairman Jerome Powell lifted U.S. shares. The dollar rallied and Treasuries were little changed.
Nest Labs Chief Executive Marwan Fawaz has been removed from his post and the smart device unit of Google will be combined with Google's home and living room products team, according to a report in Cnet. Google and Nest are subsidiaries of Alphabet Inc. (googl)(goog) Google's home and living room products team is headed by Rishi Chandra, who is a vice president of product management and the Nest employees will now report to Chandra.
President Trump is set to meet members of Congress today, as the backlash grows over his comments at a summit with Vladimir Putin. The President said he believed Putin’s denials, over the assessment of US intelligence agencies. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Melody Hahm discuss.
Jul.17 -- Scott Wren, a senior global equity strategist at Wells Fargo Investment Institute, talks about U.S. stocks, the trade disputes, Federal Reserve policy and the dollar. He speaks with Haidi Lun and Ramy Inocencio on "Bloomberg Daybreak: Australia."