Investors are kicking off a new trading week after jumping on a wave of strong corporate financial results Friday, propelling stocks higher for the third time in five days. The S&P 500 rose 1 percent on Friday. The Dow gained 0.7 percent and the Nasdaq climbed 1.6 percent. All three major indexes ended the week in the green and remain ahead for the year. Futures point to a lower opening today.
International stock markets were mixed today as anxiety over the downing of a Malaysian jetliner over Ukraine eased and investors shifted their focus to U.S. corporate earnings. Benchmark crude oil fell below $103 per barrel. The dollar fell against the euro and the yen.
Investors will have no major government economic reports to look at today. But Netflix will report quarterly financial results after the market closes. Tomorrow, the Labor Department will release June's Consumer Price Index and the National Association of Realtors will report existing home sales for June.
A new survey finds rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic into the fall. The National Association for Business Economics finds that 57 percent of the 85 respondents to the quarterly survey said sales at their companies rose in the April-June period. That was up from 53 percent in the first quarter.
FiOS is about to get faster. Verizon is boosting the upload speeds of nearly all its FiOS connections to match the download speeds, vastly shortening the time it takes for subscribers to send videos and back up their files online. Starting today, all new subscribers will get "symmetrical" connections. The cheapest plan will deliver 25 megabits per second up and down. Current subscribers will get a boost in the coming months.
Most Popular Today
Former School For The Deaf Campus Has New Buyer
Casino Going In To 85th And Louise Strip Mall
CenturyLink Bringing Broadband to 15,000 Rural SD Households
- 4. All Industries
Businesses Urged To Sell Goods In Foreign Currency
Shop Dog Launches Line Of All-Natural Treats
- 6.Your Money Matters
Late Start & School Supplies
SDN CEO To Testify Before Congress On Cybersecurity Threats
Business People Talk About How Technology Is Changing Their Work
Friday Morning Business Brief
Thursday Morning Business Brief