Asia Stocks Supported As China’s Factories Revive – Yahoo Finance

Stocks mostly up on earnings; record close for S&P

Trader on the floor of the New York Stock Exchange.

The Australian dollar climbed as much as a quarter of a U.S. cent higher as the improving Chinese outlook promised to support demand for the country’s resource exports. Activity elsewhere was limited, with the euro stuck at eight-month lows around $1.3460, leaving the dollar index hovering at a six-week peak. Against the yen, the U.S. dollar idled at 101.43, recovering only slowly from the recent low of 101.09.

U.S. stocks fluctuate near records early today – Business – The Buffalo News

Read More As S&P nears 2,000, traders say keep an eye on this The Nasdaq advanced 17.68 points, or 0.4 percent, to 4,473.70. For every three stocks declining, more than four climbed on the New York Stock Exchange, where nearly 581 million shares traded. Composite volume cleared 2.8 billion. Symbol NASDAQ —

Kevin O'Leary: Facebook to beat, stock goes North

Investor Kevin O'Leary; Roger McNamee, Elevation Partners co-founder; and the "Squawk Alley" crew, discuss expectations for Facebook's earnings. McNamee says Facebook is beginning to monetize video advertising and its the next big thing to watch.

The dollar rose against the currencies of major U.S.


Sports apparel manufacturer and retailer Under Armour jumped 10.5 percent to $67 after quarterly revenue rose by more than a third. On the flip side D.R. Horton, the No.1 U.S. homebuilder, fell 8 percent to $22.77 after it reported a 23 percent slump in third-quarter profit.

US STOCKS-Results, jobs data buoy Wall St, S&P eyes 2,000 – Yahoo Finance

Qualcomm dropped 6.5 percent. The chipmaker projected that net income in the current quarter that will fall short of the average analyst estimate. The company cited challenges to its technology-licensing business in China. TripAdvisor Inc. slumped 10 percent.

Following the report, Michael Gapen at Barclays said, “Overall, we see this report as softer than expected, but we see the structural drivers of a gradual reflating in the U.S. economy as remaining in place.” 2) Existing home sales in June climbed 2.6% to an annualized rate of 5.04 million, better than the 1.9% rise and 4.99 million rate that was expected. Of the report, Lawrence Yun of the National Association of Retailers said, “Inventories are at their highest level in over a year and price gains have slowed to much more welcoming levels in many parts of the country. This bodes well for rising home sales in the upcoming months as consumers are provided with more choices.” 3) The Richmond Federal Reserve’s latest manufacturing survey came in at 7, better than the 3 reading that was expected by economists and up from economists’ expectations for a reading of 5. In a release, the Richmond Fed said, “Survey participants expected faster growth in the number of employees along with solid growth in wages and a pickup in the average workweek.” The report also said that manufacturers were optimistic about future business conditions. 4) Activist hedge fund investor Bill Ackman made what he called yesterday, “the most important presentation of his career,” today, holding yet another lengthy presentation regarding Herbalife, the multi-level marketing firm Ackman has said is a “pyramid scheme,” and will go out of business.

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