U.S. stocks fell, erasing early gains, as President Barack Obama said international order is being tested by Russia’s annexation of Ukrainian territory. Treasuries rose following stronger-than-forecast demand at an auction. Oil and the yen rallied.
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.
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.
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.
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.