Posted on

U.S. stocks bounce back from Brexit selloff

U.S. stocks on Tuesday rebounded to close higher as some of the initial shock over the U.K.’s decision to withdraw from the European Union receded. All 10 sectors in the S&P 500 closed higher, led by energy shares, while the tech-laden Nasdaq Composite had its best daily percentage gain since March 1. The S&P 500 gained 36 points, or 1.8%, to close at 2,036 and the Dow Jones Industrial Average rose 270 points, or 1.6%, to finish at 17,410. The Nasdaq rallied 97 points, or 2.1% to close at 4,692.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Posted on

Two explosions at main airport in Istanbul, reports say

Two explosions hit Istanbul’s main airport, according to press reports citing local broadcasters. Broadcaster NTV said several were wounded. The Associated Press quoted a Turkish official as saying it’s unclear whether the attacks were caused by bombs or a suicide attack.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Posted on

US Supreme Court Agrees to Hear BofA, Wells Cases

The highest court in the land has granted two banks’ request to challenge lawsuits alleging discrimination filed by Miami.

Back in late 2013, the city filed federal lawsuits against Bank of America Corp., Citigroup Inc. and Wells Fargo & Co.

The banks are accused by Miami of targeting minorities with predatory home loans in violation of the Fair Housing Act.

…read more

From:: Financing

Posted on

Oil futures climb more than 3% for the session

Oil futures finished higher on Tuesday, rebounding after a two-session loss of roughly 7.5%, as concerns surrounding the U.K. decision to leave the European Union eased. Traders also awaited weekly data that are expected to show a decline in U.S. crude supplies. August WTI crude settled at $47.85 a barrel on the New York Mercantile Exchange, up $1.52, or 3.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Posted on

Whole Foods selects Nielsen to map customer grocery preferences

Whole Foods Market Inc. said Tuesday that it has partnered with Nielsen Holdings PLC to collect point-of-sale data, consumer insights and industry metrics to map its product categories based on customer preferences. Whole Foods and its suppliers will use the information in its product development efforts and to help stay on top of trends and consumer habits. Whole Foods shares are down 0.3% in Tuesday trading and Nielsen Holdings is up 0.9%. Whole Foods stock is down 22.8% for the past year while the S&P 500 is down 3.9% for the same period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Posted on

NBA players schooled on real estate investing by former stars

For most NBA players, their playing careers are over just as the rest of us are settling into our chosen professions. The difference between them and us (in addition to, you know, athletic ability) is that, in some cases, they’ll retire with a lot of money and a lot of time on their hands. So what will they do with their money and their time? For some former players, investing in real estate becomes their game of choice, but that game comes with a lot of risk. …read more

From:: Real Estate Wire

Posted on

Twilio shares soar to new highs

Shares of Twilio Inc. were soaring 22% Tuesday morning to new highs as the company, which recently went public, extended its Monday gains. Shares of the S&P 500 were up 1% Tuesday. Shares of the cloud company were up 4% Monday, bucking an overall stock slump, after falling 9% Friday after news of the Brexit results. The company’s shares soared on its first day of trading, Thursday, as the company priced above its initial range and shares rocketed up more than 90% over the course of the day.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Posted on

Supreme Court to consider Miami’s predatory lending suit against Bank of America, Wells Fargo

The U.S. Supreme Court announced Tuesday that it will hear arguments during its next term on whether the city of Miami can sue Bank of America and Wells Fargo for alleged predatory lending. The city sued the megabanks in 2013, accusing the banks of “disproportionately placing vulnerable, underserved minority borrowers in loans they cannot afford.” Click the headline to read more. …read more

From:: Real Estate Wire