Arab Today, arab today us stocks rally after strong housing report
Last Updated : GMT 12:18:37
Arab Today, arab today
Arab Today, arab today

US stocks rally after strong housing report

Arab Today, arab today

Arab Today, arab today US stocks rally after strong housing report

New York Stock Exchange
New York - AFP

US stocks Wednesday finished with solid gains as a strong housing report helped equities regain territory after losses earlier this week.
The Dow Jones Industrial Average jumped 154.19 points (0.90 percent) to 17,210.06.
The broad-based S&P 500 rose 15.53 (0.78 percent) to 1,998.30, while the tech-rich Nasdaq Composite Index advanced 46.53 (1.03 percent) to 4,555.22.
The Commerce Department reported that sales of new single-family houses surged 18 percent in August to an annual rate of 504,000, their fastest pace in more than six years.
The housing report "certainly helped this morning," said Michael James, managing director of equity trading at Wedbush Securities.
"As has proven to be the case for the last 18 months, every pullback lasts a few days and people start buying stocks," James said.
Apple fell 0.9 percent as it halted the update for its iOS software powering the iPhone after users complained of bugs, including one that disabled cellular service. Buyers have also complained of bends in the bodies of the new iPhone 6 and iPhone 6 Plus smartphones when carried in trouser pockets.
Home-goods retailer Bed Bath & Beyond shot up 7.4 percent as its full-year earnings forecast came in at $5.00-$5.08, compared with analyst expectations of $5.01. Comparable sales in the second quarter rose 3.4 percent.
Wal-Mart Stores gained 2.0 percent after it unveiled a venture to offer no-fee electronic checking accounts aimed at customers without traditional bank accounts. Green Dot, a provider of pre-paid debit cards and Wal-Mart's partner in the service, shot up 24.4 percent.
Gilead Sciences gained 3.2 percent after announcing successful clinical trials of its tenofovir alafenamide treatment for HIV. The biotech company plans to submit regulatory applications for the medications in the US and European Union in the fourth quarter of 2014.
Other biotech companies, including Biogen (+4.2 percent) and Celgene (+3.3 percent), also rose.
Valeant Pharmaceuticals International bolted 6.9 percent higher as it said it expects third-quarter earnings and revenues to be above prior forecasts. The company also released a letter to Allergan offering to "take the temperature down" over its unsolicited offer to buy the Botox maker.  
Allergan, which has fought the deal, rose 4.2 percent.
Bond prices fell. The yield on the 10-year US Treasury rose to 2.57 percent from 2.54 percent Tuesday, while the 30-year increased to 3.28 percent from 3.25 percent. Bond prices and yields move inversely.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks rally after strong housing report Arab Today, arab today us stocks rally after strong housing report

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom, China plunges into snow biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom, China plunges into snow biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday