STOCKS RALLY, DOW MAKES RECORD HIGH: Here’s What You Need To Know – Yahoo Finance
With the gain, the index reached its best closing level in over thirteen years. Computer hardware, energy, and semiconductor stocks also moved to the upside on the day, while some weakness was visible among biotech and banking stocks. Other Markets In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance during trading on Wednesday. Japan’s Nikkei 225 Index edged down by 0.1 percent, while Hong Kong’s Hang Seng Index rose by 0.3 percent.
Send Thanks! A link has been sent. Done Stocks Higher After Data, Earnings By Kevin O’Shaughnessy 6 hours ago 0 shares Done U.S. Market Stocks were up at midday following a number of economic-data and corporate-earnings reports.
Stocks Higher After Data, Earnings – Yahoo Finance
Energy stocks were outperforming due to a bounce in oil prices while tech issues were getting a bounce from better-than-expected earnings from Intel ( INTC ), but interest-rate sensitive sectors were again being weighed down by recent gains in Treasury yields and expectations for higher U.S. interest rates. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc. Copyright (C) 2014 MTNewswires.com.
US stocks close higher; Time Warner soars – The Denver Post
Following the report, our Q2 GDP tracking estimate remained at 3.0%, in line with our revised forecast for second-quarter growth.” 5) Federal Reserve Chair Janet Yellen was on Capitol Hill for the second straight day, this time speaking in front of, and taking questions from, the House Committee on Financial Services. 6) The Federal Reserve also released its latest Beige Book report , a collection of economic anecdotes from across the country. The report showed that the economy showed “modest growth” in most of the Fed’s regions. From the Beige Book,”The pace of economic growth was characterized as moderate in New York, Chicago, Minneapolis, Dallas, and San Francisco, while the remaining Districts reported modest expansion. Compared to the previous reporting period, Boston and Richmond noted a slightly slower pace of growth.
Stocks Extend Winning Streak as Earnings, M&A Activity Continues to Buoy Wall Street – NASDAQ.com
Fox’s bid for Time Warner aims to counter consolidation among TV distributors. While Time Warner rejected Fox’s roughly $76 billion cash-and-stock offer, some financial analysts anticipate Fox will try again. Investors appeared to agree, sending Time Warner’s stock up $12.12 to $83.13 on Wednesday. Twenty-First Century Fox fell $2.19, or 6.2 percent, to $33. Meanwhile, International Game Technology vaulted 9.2 percent on news the slot machine maker has agreed to be sold to Italian lottery operator Gtech for $4.7 billion in cash and stock.