Strong quarterly reports from several software giants have hoisted software ETFs to fresh five-year highs.
Corporate software developer SAP () gapped up 7% upon reporting second-quarter profit July 19. It’s continuing higher.
Earnings jumped 16% from the year-ago period to 50 cents a share. Sales climbed 17% to $3.28 billion. ING Financial Markets raised earnings […]
U.S. crude oil futures ended lower for a third day in a row, as traders expected Wednesday’s government inventory data to show that fuel supplies rose last week as refineries ramped up production.
Word from Iran adding further assurances of OPEC’s readiness to inject supply into the market as needed also stoked selling for the […]
U.S. government bond prices rose Tuesday, as worries over the housing market knocked stocks and heightened risk aversion, pushing benchmark Treasury yields to seven-week lows.
But a lack of liquidity, and perceptions that Treasuries were at expensive levels, limited safe-haven flows from the equity market, analysts said. Shares on Wall Street tumbled after poor profits […]
U.S. gold futures held onto losses triggered by falling oil prices and unloading of weak long positions into Wednesday’s close, traders said.
Rising U.S. interest rates helped fuel gold-selling as some participants worry that tighter liquidity could cause investors to unload precious metals holdings.
Most-active gold futures for August on the Comex division of the […]
Stocks turned and rose through 2 p.m. ET, following comments by Former Federal Reserve chairman Alan Greenspan at a commercial real estate conference.
The Nasdaq was down 0.3%, the NYSE down 0.5% at 2:58 p.m. ET. The selling of transportation stocks continued, with the Nasdaq Transport index and the Dow Transports both down 1.4%. The […]