video Finance Videos
Strongest day in three months for stocks
Tuesday, May 24, 2016 - 01:24
U.S. stocks surged as investors made peace with a possible June rate hike. After the bell, Hewlett Packard Enterprise announced a spin-off of its services business. Bobbi Rebell reports.
▲ Hide Transcript
▶ View Transcript
U.S. stocks powered higher on Tuesday as investors got comfortable with the possibility of an interest rate hike soon. Financial and tech stocks led the way. Brian Friedlander of Angel Oak Capital Advisors. (SOUNDBITE) BRIAN FRIEDLANDER, HEAD PORTFOLIO MANAGER, ANGEL OAK CAPITAL ADVISORS, (ENGLISH) SAYING: "I think you're beginning to see a wake-up call among a set of investors that have been largely complacent about the idea of implicit dovishness coming from the Fed. I think with the Fed's confidence comes market confidence as well." Also helping stoke stocks: strong data. New home sales in April shot up to an eight-year high. After the closing bell, Hewlett Packard Enterprise announcing it will spin off its enterprise services unit and merge it with CSC. HPE also reported quarterly revenue that was better than expectations. Toll Brothers' stock surged after the homebuilder's quarterly revenue rose nearly 31 percent. Best Buy shares dropping. The electronics retailer issued a weak profit forecast, and it said its star CFO, Sharon McCollam, is stepping down next month. Twitter's stock fell to a record low. MoffetNathanson downgraded the microblogging service's shares to "sell" from "neutral." Separately, Twitter said it'll simplify its platform by no longer counting user names and media attachments in its 140-character limit. Financial stocks also lifted European shares sharply higher.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Strongest day in three months for stocks
Tuesday, May 24, 2016 - 01:24
Top News »
Mon, 21 Jan, 2019 - (2:29)
Mon, 21 Jan, 2019 - (1:03)
Mon, 21 Jan, 2019 - (1:32)
Mon, 21 Jan, 2019 - (1:44)
Sun, 20 Jan, 2019 - (2:37)
Sat, 19 Jan, 2019 - (1:44)
Sat, 19 Jan, 2019 - (1:33)
Sat, 19 Jan, 2019 - (1:58)
Sat, 19 Jan, 2019 - (0:48)
Sat, 19 Jan, 2019 - (0:52)
Sat, 19 Jan, 2019 - (2:25)
Editors' Picks »
Mon, 21 Jan, 2019 - (1:20)
Mon, 21 Jan, 2019 - (0:46)
Mon, 21 Jan, 2019 - (2:37)
Mon, 21 Jan, 2019 - (2:06)
Mon, 21 Jan, 2019 - (1:55)
Sat, 19 Jan, 2019 - (1:34)
Fri, 18 Jan, 2019 - (2:08)
Fri, 18 Jan, 2019 - (2:11)
Fri, 18 Jan, 2019 - (1:08)
Business »
Mon, 21 Jan, 2019 - (5:00)
Mon, 21 Jan, 2019 - (7:28)
Mon, 21 Jan, 2019 - (6:36)
Sun, 20 Jan, 2019 - (1:51)
Fri, 18 Jan, 2019 - (1:13)
Fri, 18 Jan, 2019 - (1:28)
Fri, 18 Jan, 2019 - (0:58)
Fri, 18 Jan, 2019 - (1:39)
Fri, 18 Jan, 2019 - (5:04)
Fri, 18 Jan, 2019 - (1:31)
Featured Videos
Meet the bikers aiming to unite Iraq
The nearly-400 ''Iraq Bikers'' ride their motorcycles through Baghdad, hoping their passion for bikes and black leather will help to heal Iraq's deep sectarian rifts
Want to be Danish? You'd better shake hands
New Danish citizens seal their naturalization by shaking the immigration minister's hand - an obligatory rite in the ceremony under a controversial new law
Uganda's young lacrosse players dream of glory
Uganda is the first African country to field a national lacrosse team at the sport's World Championships, and one player is now trying to keep the sport alive through the country's youth.
The coffee farmers earning less than a cent a cup
A slump in global coffee prices to their lowest in nearly 13 years, is raising questions about whether it's worth growing beans at all in traditional coffee heartlands like Ethiopia
Smashing good time in Beijing's anger room
The recently opened venue 'SMASH' allows paying customers to vent their frustration on inanimate objects
Technology »
Mon, 21 Jan, 2019 - (1:40)
Fri, 18 Jan, 2019 - (0:55)
Thu, 17 Jan, 2019 - (1:39)
Mon, 14 Jan, 2019 - (1:45)
Mon, 14 Jan, 2019 - (1:41)
Fri, 11 Jan, 2019 - (1:26)
Wed, 09 Jan, 2019 - (1:42)
Wed, 09 Jan, 2019 - (2:16)
Wed, 09 Jan, 2019 - (1:03)
Tue, 08 Jan, 2019 - (2:02)
Entertainment »
Mon, 21 Jan, 2019 - (1:44)
Sat, 19 Jan, 2019 - (1:54)
Fri, 18 Jan, 2019 - (1:08)
Fri, 18 Jan, 2019 - (1:14)
Thu, 17 Jan, 2019 - (0:54)
Thu, 17 Jan, 2019 - (1:35)
Thu, 17 Jan, 2019 - (1:31)
Thu, 17 Jan, 2019 - (0:57)
Thu, 17 Jan, 2019 - (2:11)
Sports And Leisure »
Mon, 21 Jan, 2019 - (1:59)
Mon, 21 Jan, 2019 - (1:05)
Mon, 21 Jan, 2019 - (0:25)
Fri, 18 Jan, 2019 - (1:27)
Fri, 18 Jan, 2019 - (1:05)
Fri, 18 Jan, 2019 - (0:59)
Thu, 17 Jan, 2019 - (0:57)
Thu, 17 Jan, 2019 - (0:37)
Tue, 15 Jan, 2019 - (1:36)
Mon, 14 Jan, 2019 - (1:03)
Oddly Enough »
Mon, 21 Jan, 2019 - (2:23)
Fri, 18 Jan, 2019 - (1:40)
Fri, 18 Jan, 2019 - (0:45)
Thu, 17 Jan, 2019 - (1:31)
Thu, 17 Jan, 2019 - (0:47)
Thu, 17 Jan, 2019 - (0:58)
Wed, 16 Jan, 2019 - (1:36)
Tue, 15 Jan, 2019 - (0:52)
Mon, 14 Jan, 2019 - (0:47)