US stocks stock to buy today close higher; Time Warner soars – The Denver Post
The euro was down 0.3 percent at $1.3536 while the dollar was flat against the Japanese yen at 101.65 yen. One of the biggest movers in currencies was the New Zealand dollar, which dropped 0.6 percent to a low of $0.8718 after benign inflation data that could reduce pressure on the central bank to tighten policy. In commodity news, U.S. crude futures rose 1.3 percent to $101.21 after the China data, while Brent crude climbed above $106 a barrel.
Stocks end higher; the Dow sets another record close | Hot Stock Minute – Yahoo Finance
Manufacturing, consumer spending and tourism were the strongest sectors, while New York, Chicago, Minneapolis, Dallas and San Francisco regions were the strongest regions. Meanwhile, Federal Reserve Chair Janet Yellen was back on Capitol Hill today for her second day of testimony to Congress. Yellen didnt rock the boat when it came to equity valuations, like she did on Tuesday. However, she defended the central bank’s independence when grilled by Republican lawmakers about legislation to make the Fed more transparent. Time Warner ( TWX) shares gained 17%, or $12.12, $83.13 after the media conglomerate said it rejected an $80 billion takeover offer from Rupert Murdochs 21stCentury Fox ( FOXA ). IBM ( IBM ) shares rose $3.87 to $192.36 while Apple ( AAPL ) shares fell 54 cents to $94.78 after the former rivals announced they would join forces to develop apps for iPhones and iPads to sell to business customers.The news of the partnership drove down shares of Blackberry ( BBRY ) down by $1.33, or 11.8%, to $9.97.
(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
Trading appeared to get the biggest jolt from the latest batch of corporate deal news. Investors drove Time Warner’s stock up 17 percent on news that Twenty-First Century Fox made a takeover bid for the media giant. Other deals involving Apple and IBM as well as slot machine maker International Game Technology also helped lift the market. “It’s a continuation of what we’ve really been seeing this year, and it’s almost a record amount of (mergers and acquisitions) going on,” said David Chalupnik, head of equities at Nuveen Asset Management. Momentum from Intel’s strong second-quarter earnings late Tuesday and news that Apple and IBM are teaming up to sell more iPhones and iPads to corporate customers helped lift major stock indexes in premarket trading.