video Top News
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
Editors' Picks »
8:45pm GMT - (1:26)
2:11pm GMT - (1:10)
Wed, 20 Mar, 2019 - (1:43)
Tue, 19 Mar, 2019 - (2:02)
Tue, 19 Mar, 2019 - (2:01)
Tue, 19 Mar, 2019 - (1:28)
Tue, 19 Mar, 2019 - (1:50)
Tue, 19 Mar, 2019 - (1:35)
Business »
6:55pm GMT - (4:14)
6:33pm GMT - (3:26)
4:14pm GMT - (1:53)
4:10pm GMT - (0:58)
3:53pm GMT - (1:09)
3:53pm GMT - (1:33)
3:52pm GMT - (1:10)
3:52pm GMT - (1:30)
1:15pm GMT - (1:27)
12:19pm GMT - (0:48)
12:18pm GMT - (1:30)
8:10am GMT - (1:48)
Featured Videos
Found it! New York button shop saves the day
Tender Buttons, a narrow little New York shop, has specialized in solving the fashion crises of customers who are desperate to find just the right button since the 1960s
Europe's first underwater restaurant opens in Norway
The unusual concept has already attracted more than 7,000 people who've booked to eat with the fish
La Liga eyes bigger slice of African football pie
Spain's La Liga is adopting a hands-on approach as it looks to grow its popularity on the African continent
Art imitates Brexit chaos in London exhibition
A new London exhibition takes a look at the Brexit vote through art and newspaper front pages.
Who's next? Daltrey and Townshend set for 'full throttle' tour, album
The Who's Roger Daltrey and Pete Townshend on their 2019 tour, 'Moving On!', adding an orchestra to the gig and being older, but not past it (yet)
Technology »
Wed, 20 Mar, 2019 - (1:42)
Wed, 20 Mar, 2019 - (1:23)
Wed, 20 Mar, 2019 - (2:08)
Tue, 19 Mar, 2019 - (1:34)
Mon, 18 Mar, 2019 - (1:24)
Fri, 15 Mar, 2019 - (2:11)
Fri, 15 Mar, 2019 - (1:30)
Fri, 15 Mar, 2019 - (1:36)
Thu, 14 Mar, 2019 - (0:56)
Entertainment »
4:47pm GMT - (2:15)
5:41am GMT - (2:08)
12:40am GMT - (2:10)
Wed, 20 Mar, 2019 - (1:36)
Wed, 20 Mar, 2019 - (1:48)
Wed, 20 Mar, 2019 - (0:37)
Wed, 20 Mar, 2019 - (1:35)
Wed, 20 Mar, 2019 - (1:03)
Tue, 19 Mar, 2019 - (0:55)
Mon, 18 Mar, 2019 - (1:27)
Sports And Leisure »
9:36pm GMT - (1:26)
10:18am GMT - (0:52)
10:17am GMT - (1:19)
Wed, 20 Mar, 2019 - (1:31)
Tue, 19 Mar, 2019 - (0:57)
Mon, 18 Mar, 2019 - (1:45)
Mon, 18 Mar, 2019 - (1:37)
Mon, 18 Mar, 2019 - (2:02)
Thu, 14 Mar, 2019 - (0:31)
Wed, 13 Mar, 2019 - (1:18)
Oddly Enough »
9:13am GMT - (0:56)
Wed, 20 Mar, 2019 - (1:59)
Wed, 20 Mar, 2019 - (1:30)
Wed, 20 Mar, 2019 - (0:43)
Wed, 20 Mar, 2019 - (1:01)
Tue, 19 Mar, 2019 - (0:38)
Mon, 18 Mar, 2019 - (0:47)
Fri, 15 Mar, 2019 - (0:53)
Fri, 15 Mar, 2019 - (1:16)