Stocks Shrug Off Bank Earnings, Shoot To New Highs

Posted July 15, 2017

XAutoplay: On | OffThe Dow Jones industrial average slimmed to a 0.1% gain, after climbing nearly 0.2% in late trade.

The Dow Jones rose 15.01 points in early trade to 21,547.15.

The large-cap S&P 500 Index advanced 0.7% to close at 2,443.25.

LONDON: European shares inched higher on Thursday, with investors less keen to chase the previous session's strong rally that came on the back of the relatively dovish tone struck by Fed chair Janet Yellen overnight.

Companies in the S&P 500 are expected to report an increase of six percent in operating earnings per share compared with the year-ago period, according to CFRA Research.

Crude Oil Drifts Lower Despite Inventories Draw
Libya and Nigeria contributed the most to the 393,000-bpd increase in the cartel's total crude output in June compared to May. OPEC members Libya and Nigeria were exempted from the cuts because of years of unrest that have undermined their oil output.

Children's clothing retailer Gymboree closing Southern Park Mall store
The list of Gymboree stores closing as part of the company's bankruptcy is out and Upstate New York is getting hit hard. As people shop online more, traditional retailers such as Gymboree and shopping malls in general have been hit hard.

Trump sides with North Atlantic Treaty Organisation , asks Russian Federation to stop being a 'disabling' force
But I will say that CNN has really taken it too seriously and I think they've hurt themselves very badly. Shortly after the American president met his Polish counterpart, they shook hands.

The Russell 2000 is up 12.98 points, or 0.9 percent. The stock had traded more than 6 percent higher in the premarket.

The 30-Blue Chip stock index also notched an all-time intraday high.

Federal Reserve Chair Janet Yellen said Wednesday the US central bank will start reducing its massive $4.5 trillion portfolio later this year.

The blue-chip CSI300 index rose 0.8 per cent, to 3,686.92 points, while the Shanghai Composite Index gained 0.6 per cent to 3,218.16 points.