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Consumer Corner: Foreclosure settlement no magic bullet for economy
NEW YORK, July 16 (UPI) -- U.S. markets made late gains Thursday, completing a streak of four days with positive numbers.
JP Morgan Chase said second quarter net profits rose 36 percent. The report follows news that profits soared at Goldman Sachs Group in the second quarter.
By close, the Dow Jones industrial average added 95.61 points or 1.11 percent to 8,711.82. The Standard & Poor's 500 gained 8.06 or 0.86 percent to 940.74. The Nasdaq composite index rose 1.19 percent, 22.13 points, to 1,885.03.
On the New York Stock Exchange, 2,113 stocks advanced and 881 declined on a volume of 1.1 billion shares traded.
The benchmark 10-year U.S. Treasury bond rose 10/32 to yield 3.57 percent.
The euro rose to $1.4151 Thursday, compared to Wednesday's $1.4107. Against the Japanese yen, the dollar fell to 93.92 yen, compared to Wednesday's 94.35 yen.
In Tokyo, the Nikkei average added 74.91 points, 0.81 percent, to 9,344.16.
In London, the FTSE 100 index rose 0.35 percent, 15.38, to 4,361.84.
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SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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