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Market Pulse

  • Dow industrials 150-point surge puts benchmark on track for best daily gain in nearly 4 months

    The Dow Jones Industrial Average was rallying Tuesday afternoon, with the blue-chip gauge on track to book its sharpest one-day rise in about four months. The Dow most recently was up about 150 points or 0.7% at 21,853, which would represent the average's best single-session rise since April 25 when...

  • Senate Health Committee to hold hearings on insurance-market stabilization in September

    The Senate Health Committee will hold two hearings next month on stabilizing premiums in the individual insurance market, the panel's chairman and top Democrat said Tuesday. The first, scheduled for Sept. 6, will feature state insurance commissioners, and the second, on Sept. 7, will have testimony from governors. The hearings...

  • DSW's stock surge puts it on track for best daily gain since its 2005 public debut

    Shares of DSW Inc. were on a tear on Tuesday, putting them on track to log their best one-day gain in the company's 12-year history as a publicly traded entity on heavy volume. DSW's stock was most recently trading up 21%, which would represent its best daily ascent since...

  • Higher menu prices drive sixth consecutive quarter of restaurant traffic declines: NPD Group

    Restaurants recorded their sixth consecutive quarter of traffic declines, according to the latest data from The NPD Group, a market information organization, the first time since the recession of 2008-2009 that the industry has seen no traffic growth in that period. Family dining traffic fell 4% year-over-year, while casual dining...

  • Mining and metals stocks rally as copper prices touch 3-year high; Freeport leads gainers with 4.7% gain

    Shares of mining and metals companies were key gainers Tuesday, led by Freeport-McMoRan Inc. as copper prices hit a three-year high. Base metals prices have been on a tear as speculators and funds pour money into the asset class. Freeport shares gained 4.7%, bringing their week-to-date gains to 8.8%....

  • Pakistan ETF tumbles after Trump speech, hitting lowest level since June 2016

    The largest exchange-traded fund to track Pakistan's equity market fell on Tuesday, after President Donald Trump said the U.S. would pressure the country step up its fight against extremism. The Global X MSCI Pakistan ETF fell 0.6%, building on Monday's 1.4% drop. With the day's decline, the fund declined...

  • Defense companies rise after Trump speech on Afghanistan

    Shares of companies in the defense industry rose on Tuesday, after President Donald Trump said he intended to step up the fight against extremists and Taliban forces in Afghanistan, something that could lead to increased military spending. The SPDR S&P Aerospace & Defense ETF , an exchange-traded fund that tracks...

  • Kirkland's shares spike after results top estimates

    Kirkland's Inc. shares jumped 19% in Tuesday trading after the home decor retailer reported better-than-expected second-quarter earnings. The company's net loss was $3.77 million, or 24 cents, compared with a loss of $3.57 million, or 22 cents per share, for the same period last year. The FactSet consensus was...

  • U.S. stocks open slightly higher

    U.S. stock-market indexes opened higher on Tuesday, with the S&P 500 and Dow industrials on track for a second straight day of advances. The Dow Jones Industrial Average opened 70 points, 0.3%, higher at 21,774. The S&P 500 was up 8 points, or 0.3%, to 2,436 at the...

  • J.C. Penney launches children's bedding and decor brand, Frank + Lulu

    J.C. Penney Co. Inc. said Tuesday that is is launching a new children's bedding and decor brand, Frank + Lulu. The brand, which includes sheets, pillows and rugs, will be available exclusively at J.C. Penney, starting with 200 stores and online on September 1. J.C. Penney shares are up...