US stocks close higher; Time Warner soars – The Denver Post
Stocks are slightly lower in midday trading as investors considered the latest batch of corporate earnings and Federal Reserve Chair Janet Yellen’s semi-annual economic report to Congress. The Standard & Poor’s 500 index fell six points to 1,970 as of noon Eastern Time Tuesday. The Dow Jones industrial average slipped 16 points, or 0.1 percent, to 17,038 and the Nasdaq composite slid 34 points, or 0.8 percent, to 4,406. Yellen told Congress that the Fed intends to keep providing significant support to the U.S.
GLOBAL MARKETS-Stocks up around the world on China data, M&A – Yahoo Finance
Speaking of bank headaches, PNC dropped 3.5% after reporting a slight drop in profits and revenue. Over in the tech world, Yahoo slid 5% in the wake of reporting second quarter revenue and profits that missed forecasts. After the closing bell, eBay Inc reported earings that narrowly beat expectations, and it didn’t give a very optimistic outlook for the third quarter. The stock fell slightly in after hours trading.
Thumbs up! Dow shatters more records | Money – WCVB Home
China’s economy expanded at a 7.5 percent annual pace in the second quarter, the statistics bureau said, just beating the 7.4 percent median forecast in a Reuters poll. The data confirmed the economy had stabilized after a shaky start to the year, though analysts said the pick-up was largely driven by government stimulus. “There’s a lot of good news to go around today, but given all the worries there were about China, the data there is especially a positive,” Colas said. The MSCI International ACWI Price Index http://www.todayhotstocks.com rose 0.5 percent on the day.
US stocks move higher; Time Warner soars – Yahoo Finance
European stocks advanced Wednesday July 16, 2014 after China’s economic growth picked up slightly in the second quarter but Asian markets were lukewarm about the data that largely fitted expectations. (AP Photo/Mark Lennihan, File) NEW YORK (AP) — Stocks are moving higher following strong earnings results from big U.S. companies. Time Warner soared 16 percent on news that Rupert Murdoch’s Twenty-First Century Fox had made a bid for the media giant. Intel jumped 7 percent after reporting a surge in earnings as companies spent more on replacing PCs.
The three stock indexes are all up for the year. Bond prices rose. The yield on the 10-year Treasury note dipped to 2.53 percent from 2.55 percent late Tuesday. Cheap financing and a tough global economy have made acquisitions an attractive option for companies to expand their business. The value of U.S.