Emerging-market stocks dropped for a second day on speculation the global economy will falter amid a weaker Chinese property market. Turkey’s shares led world losses on concern the country’s political situation will worsen.
Standard & Poor’s 500 Index companies are exceeding analyst sales forecasts by the most since 2012, a sign rising consumer demand is fueling economic growth as the bull market approaches its sixth year.
U.S. stocks rose, giving benchmark indexes the biggest four-day rally in more than a year, as comments by Federal Reserve Chairman Janet Yellen fueled bets the economy is strong enough to weather further stimulus cuts.
Canadian stocks are likely to lag behind their U.S. peers for the rest of the year as Chinese efforts to cool its economy restrain commodity prices, said Stephen Wood , chief market strategist at Russell Investments.
Stephen Wood, chief market strategist at Russell Investments, talks with Bloomberg's David Wilson about the outlook for a European Union bailout plan for Ireland, the U.S. economy and his investment strategy.
U.S. stocks rose, after the Standard & Poor’s 500 Index snapped an eight-day rally yesterday, as Federal Reserve Chairman Ben S. Bernanke said the central bank’s asset purchases are not on a preset course.
U.S. stocks surged while the benchmark gauge of options prices slid the most in two years as the Senate crafted a deal to end the government shutdown and raise the debt ceiling. Treasury bill rates dropped while energy led commodities higher and the yen fell against all major peers.