Closing Bell, July 16 – Business Insider

Stocks move higher on earnings, acquisition news – Yahoo News

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. Most Districts were optimistic about the outlook for growth.” In the Fed’s St. Louis district , The World Cup was cited as having had a positive impact during the survey period. 7) CNBC hosted its annual Delivering Alpha conference, which featured a number of the biggest hedge fund managers presenting their latest investment ideas and commentary on the markets.

Please enter your Phone Number. Send Thanks! A link has been sent. Done South Africa stocks at record high, but valuations a concern 5 hours ago . View photo An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton JOHANNESBURG (Reuters) – South African stocks hit record highs on Wednesday, with index heavyweights such as FirstRand gaining after investor confidence was bolstered by expectations the United States will continue with its massive stimulus programme.

South Africa stocks at record high, but valuations a concern – Yahoo News

“We’re seeing a lot of (corporate deals), we’re seeing a lot of share buyback announcements, things that really do help prop up markets.” MURDOCH BID: Time Warner soared 17.9 percent after Rupert Murdoch’s Twenty-First Century Fox disclosed it made a bid for the media giant last month. Fox said Time Warner rejected its offer. The New York Times is reporting that that bid totaled $80 billion, or $85 in stock and cash for each Time Warner share. Time Warner added $12.69 to $83.70, while Twenty-First Century Fox fell $1.83, or 5.2 percent, to $33.36.

US stocks up in afternoon trading on earnings news – Yahoo News

(AP Photo/Mark Lennihan, File) Corporate deals helped lift stocks in afternoon trading Monday, steering the market on course for its second consecutive gain. Investors cheered Citigroup’s latest earnings as well as acquisitions such as generic drug developer Mylan’s $5.3 billion bid for Abbott Laboratories. KEEPING SCORE: The Standard & Poor’s 500 index gained nine points, or 0.5 percent, to 1,977 as of 1:19 p.m. Eastern Time.

Stocks around the world rally on China growth data – Yahoo News

Time Warner Inc jumped 18 percent after Twenty-First Century Fox confirmed it had made an $80 billion takeover offer for the company, an offer that was turned down. “The M&A activity and results really validate current levels, which Yellen had raised a red flag on,” Colas said. The Dow Jones industrial average rose 46.81 points or 0.27 percent, to 17,107.49, the S&P 500 gained 6.16 points or 0.31 percent, to 1,979.44 and the Nasdaq Composite added 19.83 points or 0.45 percent, to 4,436.22. The U.S.


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