Stocks retreat after Yellen’s comments | New Hampshire Business
The gains by gold stocks come amid an increase by the price of the precious metal, with gold for August delivery climbing $4.70 to $1,301.80 an ounce. Steel stocks also continue to post notable gains amid optimism about the outlook for Chinese demand, resulting in a 1.4 percent advance by the NYSE Arca Steel Index. The index is climbing back toward the six-month highs it set earlier this month. Notable strength also remains visible among computer hardware stocks, as reflected by the 1 percent gain being posted by the NYSE Arca Computer Hardware Index.
Stocks move higher on earnings, acquisition news – Yahoo News
Whiting jumped $5.55, or 7.1 percent, to $84.08. Meanwhile, engineering and construction services company URS agreed to be acquired by engineering design firm AECOM Technology for $4 billion. URS vaulted $6.15, or 11.8 percent, to $58.17, while AECOM gained $2.74, or, 8.6 percent, to $34.49. SECTOR WATCH: Eight of the 10 sectors in S&P 500 index rose, led by technology. Utilities and materials lagged.
The Standard & Poor’s 500 index rose eight points, or 0.4 percent, to 1,981. The Nasdaq composite rose nine points, or 0.2 percent, to 4,425. Time Warner soared 17 percent on news that Rupert Murdoch’s Twenty-First Century Fox had made a bid for the media giant. Intel jumped 9 percent after reporting a surge in earnings as companies spent more on replacing PCs. Bond prices rose.
South Africa stocks at record high, but valuations a concern – Yahoo News
He however added that potential interest rate hikes in South Africa were a worry. “I’m a bit concerned about valuations. I think they are stretched and if we’re going to see more interest rate hikes, we’re going to smash growth.” best 10 stocks buy South Africa’s central bank will decide on interest rates on Thursday, with a Reuters poll showing most of the 31 economists surveyed expect it to hold rates at 5.5 percent, although some do see a hike of 25 basis points. The benchmark Top-40 index finished up 0.68 percent at 46,946, close to a record set earlier this month.
US stocks close higher; Time Warner soars – Business – NorthJersey.com
Twitter Inc shares slid 1.1 percent to $37.88. These are the sub-industries that have caused a lot of longtime stock watchers to scratch their heads, said Kim Forrest, senior equity analyst at Fort Pitt Capital Group in Pittsburgh. Looking at some of these things and trying to figure out their value, it felt like the 2000 Internet bubble all over again, Forrest added. The Dow Jones industrial average rose 5.26 points or 0.03 percent, to end at 17,060.68, not far below the record closing high of 17,068.26 set on July 3. The S&P 500 slipped 3.82 points or 0.19 percent, to 1,973.28, about 12 points below its record closing high of 1,985.44 set on July 3.