Stocks Edge Higher as Earnings Beat Guides Market
U S stocks inched up after Kellogg and Mondelez beat estimates. The S&P 500 rose to 2575.26 and the Dow stood at 23377.24 while the Nasdaq reached 6727.67. Rockwell Automation surged on a 215 per share buyout bid. Under Armour fell after trimming its forecast. Analysts cite earnings and tax reviews as drivers ahead of key Fed and jobs data.
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U.S
Standard & Poor
Kellogg
Mondelez International
Mondelez
JJ Kinahan
TD Ameritrade
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Under Armour
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Bank
Japan
Bank of England
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Donald Trump
Fed
Jerome “Jay” Powell
Washington
Facebook says 126 million saw Russian Facebook posts ads
Facebook told Congress that up to 126 million Americans viewed Russian generated ads and posts on Facebook over two years. The company notes content aimed to amplify divisions and influence the 2016 election, with 29 million people directly served from the Internet Research Agency’s 80,000 posts.
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Colin Stretch
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Stretch
CME Group to launch bitcoin futures by year end
The CME Group plans a bitcoin futures contract based on the daily reference rate, pending regulatory approval. Bitcoin rose above 6400 dollars, up about 500 percent this year, as traders watch a potential legitimacy boost from a futures market. Experts caution it may not turn bitcoin into a widely used currency.
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New York University
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Sennar
Stuart Miller
National Association of Home Builders
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Chris Krueger
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