video Video
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
Durable goods and Fed comments lift U.S. stocks
Wednesday, August 26, 2015 - 01:26
Top News »
2:54pm BST - (1:58)
2:17pm BST - (1:04)
2:17pm BST - (0:46)
11:36am BST - (1:05)
12:54am BST - (2:09)
Sat, 23 Jun, 2018 - (1:19)
Fri, 22 Jun, 2018 - (1:55)
Fri, 22 Jun, 2018 - (1:50)
Fri, 22 Jun, 2018 - (1:45)
Fri, 22 Jun, 2018 - (2:10)
Editors' Picks »
9:54am BST - (1:41)
Sun, 24 Jun, 2018 - (1:07)
Fri, 22 Jun, 2018 - (1:43)
Fri, 22 Jun, 2018 - (1:03)
Thu, 21 Jun, 2018 - (1:46)
Wed, 20 Jun, 2018 - (1:52)
Wed, 20 Jun, 2018 - (2:00)
Tue, 19 Jun, 2018 - (0:33)
Mon, 18 Jun, 2018 - (1:41)
Fri, 15 Jun, 2018 - (2:25)
Most Popular »
Mon, 26 Nov, 2012 - (6:27)
Mon, 10 Oct, 2016 - (1:42)
Mon, 04 Aug, 2014 - (3:50)
Business »
4:49pm BST - (2:24)
4:21pm BST - (1:42)
4:21pm BST - (1:51)
1:30pm BST - (1:46)
1:30pm BST - (1:06)
10:24am BST - (1:13)
Sun, 24 Jun, 2018 - (1:48)
Fri, 22 Jun, 2018 - (1:32)
Fri, 22 Jun, 2018 - (1:29)
Fri, 22 Jun, 2018 - (4:07)
Fri, 22 Jun, 2018 - (1:44)
Fri, 22 Jun, 2018 - (1:03)
Featured Videos
From Iceland to Russia - two fans drive to World Cup in a Lada
Two Iceland fans pay homage to the spirit of the Vikings by driving to the World Cup in a Russian-built Lada
Craft beer and WW2 - Russia's football venues
With fans around the globe fixed on Russia, Reuters has asked its correspondents in the lesser-known World Cup venues what they've found memorable
Viking culture comes alive in Kaliningrad village
World Cup fans have a chance to see how the Vikings lived at a rebuilt settlement close to modern-day Kaliningrad, one of the host cities of the tournament
Wearing bast shoes, fans test their skills at Mordovian football
Mordovian football, dubbed 'lapotball', refers to the traditional shoes made of vine which Mordovian residents used to wear in olden days
Boring Co to build high-speed commuter system in Chicago
Chicago has selected billionaire entrepreneur Elon Musk's Boring Co to build a high-speed underground commuter system from the downtown Loop district to O'Hare International Airport
Technology »
2:37pm BST - (1:46)
Fri, 22 Jun, 2018 - (1:32)
Thu, 21 Jun, 2018 - (2:01)
Wed, 20 Jun, 2018 - (2:01)
Wed, 20 Jun, 2018 - (1:15)
Tue, 19 Jun, 2018 - (0:42)
Tue, 19 Jun, 2018 - (1:24)
Tue, 19 Jun, 2018 - (1:43)
Mon, 18 Jun, 2018 - (2:13)
Sun, 17 Jun, 2018 - (2:21)
Entertainment »
4:19pm BST - (1:42)
4:17pm BST - (1:13)
10:36am BST - (1:54)
Fri, 22 Jun, 2018 - (1:57)
Fri, 22 Jun, 2018 - (1:37)
Fri, 22 Jun, 2018 - (1:34)
Thu, 21 Jun, 2018 - (0:47)
Wed, 20 Jun, 2018 - (1:53)
Wed, 20 Jun, 2018 - (1:34)
Tue, 19 Jun, 2018 - (0:46)
Sports And Leisure »
3:37pm BST - (1:13)
Fri, 22 Jun, 2018 - (3:21)
Fri, 22 Jun, 2018 - (1:08)
Thu, 21 Jun, 2018 - (0:55)
Thu, 21 Jun, 2018 - (1:17)
Thu, 21 Jun, 2018 - (1:12)
Thu, 21 Jun, 2018 - (3:35)
Thu, 21 Jun, 2018 - (1:59)
Thu, 21 Jun, 2018 - (2:25)
Wed, 20 Jun, 2018 - (1:32)
Oddly Enough »
Fri, 22 Jun, 2018 - (0:55)
Thu, 21 Jun, 2018 - (1:09)
Thu, 21 Jun, 2018 - (1:55)
Wed, 20 Jun, 2018 - (1:39)
Tue, 19 Jun, 2018 - (1:21)
Tue, 19 Jun, 2018 - (1:05)
Mon, 18 Jun, 2018 - (1:09)
Mon, 18 Jun, 2018 - (1:44)
Dateline Asia »
Tue, 05 Dec, 2017 - (2:06)
Tue, 05 Dec, 2017 - (2:11)
Fri, 01 Dec, 2017 - (2:04)
Thu, 30 Nov, 2017 - (2:10)
Thu, 30 Nov, 2017 - (2:14)
Wed, 29 Nov, 2017 - (2:11)
Tue, 28 Nov, 2017 - (1:55)
Tue, 28 Nov, 2017 - (2:21)
Mon, 27 Nov, 2017 - (2:25)
Fri, 24 Nov, 2017 - (2:16)
Fri, 24 Nov, 2017 - (2:14)
Thu, 23 Nov, 2017 - (2:18)