Stocks mixed; investors bypass confusing jobs data
Following its monetary policy meeting, the ECB said it is lowering all three of its main interest rates by 10 basis points, reducing the benchmark rate to 0.05 percent. ECB President Mario Draghi also said the bank plans to purchase asset-backed securities to boost the economy and combat the threat of deflation. Traders are also digesting a slew of U.S. economic data, including a report from the Instituted for Supply Management showing an unexpected acceleration in the pace of service sector growth in the month of August. The ISM said its non-manufacturing index climbed to 59.6 in August from 58.7 in July, with a reading above 50 indicating growth in the service sector.
Tech Stocks from Briefing.com – Yahoo Finance
Please enter your Phone Number. Send Thanks! A link has been sent. Done July 4, 2014 11:55 AM 0 shares Content preferences Done Synnex (SNX) reported second quarter earnings of $1.52 per share, which is better than expected and $1.34-1.38 guidance; revenues rose 33.3% year/year to $3.45 billion which is better than expected. Technology Solutions: Revenue was $3.16 billion, up 24.2% YoY.
Stocks Pare Gains; Ukraine Ceasefire in Focus – Yahoo Finance
The firm said it earned 53 cents a share in the quarter compared to 26 cents per share in the third-quarter of 2013. The firm sold 1,444 homes (compared to 1,059 in 20123) and saw the average price rise 12% to $732,000. Foreign Markets European stocks were up on Ukrainian peace hopes. In late trading, the FTSE 100, Paris CAC and Germanys DAX were up 0.7%, 1.0% and 1.3% respectively.
Market Stocks pared early gains today to end mixed as investors considered news of progress in a ceasefire between Russia and Ukraine. Russian President Vladimir Putin said today that Russia and Ukraine are in broad agreement to the outline of a http://www.todayhotstocks.com peace process in Eastern Ukraine. Ukrainian officials earlier confirmed a deal has been struck, but later said that no agreement had been reached. Ukraine is set to meet with separatist leaders on Friday. The Fed’s Beige Book, a report on current economic conditions which was released today, shows that the economy is still growing at a moderate or modest level.
Stocks End Mixed; Ukraine Eyed – Yahoo Finance
The S&P 500 also turned higher, up a point at 1,998.73. Gap fell 4.8 percent after the clothing retailer tallied same-store sales for August that missed expectations; Apple gained 0.9 percent ahead of the consumer technology company’s anticipated debut in the market for wearable accessories. Tesla Motors dropped after CEO Elon Musk described the electronic-car company’s stock price as “kind of high right now,” at least while viewed in the short term. The Nasdaq declined 3.92 points, or 0.1 percent, to 4,558.37.