Financial News

Markets soar as China increases stimulus

Reports that China's central bank increased its stimulus measures boosted the markets to a sharply higher close with the Dow soaring 100 points to 17,131. Nasdaq gained 33 points to 4,552.

On the upside

Speculation that a new government will be elected in October lifted shares of Petrobas (NYSE: PBR). President Dilma Rousseff and his administration has been plagued by accusations of bribery.

Micron Technology (Nasdaq: MU) introduced its next generation M600 solid-state drive.

MKM Partners affirmed its Buy rating on Twitter (NYSE: TWTR).

On the downside

Odyssey Marine Exploration (Nasdaq: OMEX) completed the current recovery phase of its operations on the SS Central America shipwreck.

Net Element (Nasdaq: NETE) extended its losses.

Advanced Micro Devices (NYSE: AMD) collaborated with Canonical to deploy an OpenStack private cloud but the stock price fell.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 climbed 14 points to 1998. Bitcoin lost $11 to $461.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback