Reuters - Video

Edition: US | UK | IN | CN | JP

video Video

Bernanke steps into the spotlight
Bernanke steps into the spotlight - 02:13
The official royal wedding guest list revealed
The official royal wedding guest list revealed - 01:23
Shuttle astronauts arrive at Cape Canaveral
Shuttle astronauts arrive at Cape Canaveral - 01:18
Waiting for Bernanke
Waiting for Bernanke - 01:51
Hospital staff flee border fighting
Hospital staff flee border fighting - 01:10
Thousands at Sai Baba funeral
Thousands at Sai Baba funeral - 01:03
Al Qaeda releases hostage messages
Al Qaeda releases hostage messages - 01:43
Obama calls birth controversy \
Obama calls birth controversy "distracting" - 05:29
Three blasts hit Kirkuk
Three blasts hit Kirkuk - 01:25
Protests intensify in Yemen
Protests intensify in Yemen - 01:24
Border clashes displace thousands
Border clashes displace thousands - 01:50
S&P Credit Rating Warning Helpful - Lister
S&P Credit Rating Warning Helpful - Lister - 00:53

Durable goods and Fed comments lift U.S. stocks

Wednesday, August 26, 2015 - 01:26

U.S. stocks end the day higher on a positive durable goods report and comments from New York Fed President William Dudley that a September rate hike seems less compelling. Shartia Brantley reports.

▲ Hide Transcript

▶ View Transcript

Strong economic data boosted U.S. stocks as new speculation about the timing of an interest rate hike emerges. Durable goods orders rose two percent in July, lending support to the idea of a September rate increase. But New York Fed President William Dudley said, a rate hike seemed less likely next month given the recent global market turmoil. And investors should brace for more market turbulence, says BNY Mellon's Leo Grohowski: (SOUNDBITE) LEO GROHOWSKI, CHIEF INVESTMENT OFFICER, BNY MELLON WEALTH MANAGEMENT (ENGLISH) SAYING: "For investors this is going to mark the end of an era of low volatility. We've had a multi-year period of very low volatility, whether you measure that by the VIX, by one or two percent daily moves. And, I think, we have entered a period of higher volatility." Meanwhile, Schlumberger agreed to buy oilfield equipment maker Cameron International in a deal valued at 14.8 billion dollars. Cameron shares soared, while Schlumberger shares fell. And two apparel retailers - Abercrombie & Fitch and Express - got a boost after impressive quarterly results. Abercrombie and Fitch posted higher profits after successful turn around efforts, and Express tripled its profit due to an improved product line and fewer promotions. European stocks sank as investors continue to worry about the state of China's economy.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

Durable goods and Fed comments lift U.S. stocks

Wednesday, August 26, 2015 - 01:26

Featured Videos

Asterix joins a chariot race in 37th comic edition

Asterix joins a chariot race in 37th comic edition

Asterix, the indomitable pint-sized Gaul forever outfoxing the Romans, returns for his 37th comic adventure
Spanish paraglider becomes part of a natural phenomenon of starlings

Spanish paraglider becomes part of a natural phenomenon of starlings

Paraglider Horacio Llorens became part of a flock of starlings to embrace his dream of flying like a bird
Europe's largest freshwater aquarium opens in Switzerland

Europe's largest freshwater aquarium opens in Switzerland

It houses 10,000 fish and 100 reptiles, that are almost exclusively endangered or threatened species
Bearing up well - Duchess of Cambridge dances with Paddington

Bearing up well - Duchess of Cambridge dances with Paddington

Pregnant royal Kate dances with the famous bear at a charity event at London's Paddington station
Mice with green feet demonstrate CRISPR gene editing technology

Mice with green feet demonstrate CRISPR gene editing technology

British scientists are testing cutting edge gene editing techniques in mice, by inserting a jelly fish gene that makes their skin green