Russian President Vladimir Putin said Russia would stand up for itself but not at the cost of confrontation with the outside world, striking a softer tone after tough rhetoric aimed at Ukraine for several months. The market had been pressured in recent weeks by uncertainty over the conflict. Earnings season continued to wind down, with 92 percent of S&P 500 companies having reported quarterly earnings by Thursday morning. Of the companies that have reported results so far, 67.7 percent beat analysts expectations.
Stocks Hit An Air Pocket, Wheat Surges After Ukraine Headlines – Yahoo Finance
The dollar was up at 102.54 yen and sterling, which fell earlier this week after the Bank of England made it clear it was in no hurry to raise interest rates, held steady at $1.6684, having hit a four-month low of $1.6657 on Thursday. Earlier, Asian equities made modest gains. MSCI’s main index of Asia-Pacific shares outside Japan added 0.3 percent. Tokyo’s Nikkei index ended flat but with a 3.7 percent gain for the week, its biggest since mid-April. U.S.
WALL STREET: Stocks close slightly higher following some strong corporate earnings | abc7news.com
REUTERS/Maxim Shemetov Smoke from a burning grass rises over a Russian convoy of trucks carrying humanitarian aid for Ukraine is parked at a camp near Kamensk-Shakhtinsky, Rostov Region, August 15, 2014. Markets have turned red after negative headlines out of Ukraine. Headlines from Bloomberg, citing a Ukrainian military spokesperson, said that Ukraine troops “destroy” part of an armed convoy from Russia. The Dow is now down 70 points, the S&P 500 is down 6 points, and the Nasdaq is down 5 points.
Stocks, bonds set for weekly gain on loose policy – Yahoo Finance
The Nasdaq composite climbed 18 points, or 0.4 percent, to 4,453. Retailer Kohl’s rose 3 percent after reporting income that beat analysts’ expectations. The Class A shares of Warren Buffett’s Berkshire Hathaway traded above $200,000 for the first time. Cisco fell 3 percent after the network equipment to learn more maker reported lower sales and profits.
Stocks Are Surging, Dow Up 105 – Yahoo Finance
The market rally comes despite a run of some less-than-stellar economic data from the U.S. and around the world. Overnight, Japan reported second quarter GDP that fell 6.8% on an annualized basis. The drop was expected, as Japan enacted a new consumption tax in April, but is still a severe decline for the world’s third-largest economy, which grew 6.1% annualized in the first quarter. In the U.S., home mortgage applications fell 2.7% for the week ending August 8, according to the latest report from the Mortgage Bankers Association. Retail sales in the U.S.