Time Warner ( TWX ) is also likely to jump at the open amid news that the entertainment giant rejected an $80 billion dollar takeover bid from 21st Century Fox (FOX). In economic news, the Labor Department recently released a report showing that U.S. producer prices increased by more than expected in the month of June amid a rebound in energy prices. The Labor Department said its producer price index for final demand rose by 0.4 percent in June following a 0.2 percent drop in May. Economists had expected prices to increase by about 0.2 percent.
Stocks move higher on earnings, acquisition news – Yahoo News
The Fed said all twelve districts indicated that economic activity continued to expand, with the pace of growth characterized as moderate or modest. Traders seemed to shrug off Fed Chair Janet Yellen’s second day of testimony on Capitol Hill, as her remarks largely mirrored those she delivered yesterday. Sector News Gold stocks showed a strong move to the upside on the day, partly offsetting the significant weakness seen in the previous session. The NYSE Arca Gold Bugs Index jumped by 1.8 percent after plunging by 3 percent on Tuesday.
Source: <a hottest stock to buy href=’http://www.rttnews.com/story.aspx?Id=2350665′ >http://www.rttnews.com/story.aspx?Id=2350665
Stocks Close Mostly Higher On Various Positive Catalysts – U.S. Commentary
Nasdaq Intel Corp. (INTC), up $2.94 to $34.65 The world’s largest maker of microprocessors reported a 40 percent boost in profit during its most recent quarter as sales rose. Yahoo Inc. (YHOO), down $1.82 to $33.79 The technology company reported a drop in second-quarter profit and revenue, and both results fell short of expectations. Interactive Intelligence Group Inc.
Time Warner and Intel are big market movers – Yahoo News
View photo FILE – This July 15, 2013 file photo shows the New York Stock Exchange in New York. Stock futures are climbing on Monday, July 14, 2014, as investors look to shake off the worst week for the stock market in three months. Citigroup’s shares rose after it turned in better earnings and revenue than Wall Street expected. (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.