The market has nearly tripled in a little over five years. With each record, the temptation grows to take your winnings and flee.» Read More
BROOKINGS, S.D.— Daktronics saw first-quarter profit jump 53 percent as the company installed more large-screen video displays and scoreboards. Before the market opened, Daktronics reported net income of $8.7 million, or 20 cents per share, for its fiscal first quarter. Shares in Daktronics are up 93 cents to $12.92 in midday trading.
NEW YORK— Sanderson Farms fell sharply in trading Tuesday afternoon after its third-quarter profit was hemmed in by lower chicken processing volume and employee bonus payments. Shares of Sanderson Farms fell $6.03, or 6.3 percent, to $89.09 in afternoon trading.
*Best Buy tumbles after results, DSW rises. *Digital Ally gains further, has tripled this month. NEW YORK, Aug 26- U.S. stocks rose on Tuesday, with both the Dow and S&P 500 hitting fresh intraday records on the back of strong consumer data suggesting the market's long-running rally could continue.
NEW YORK— Encouraging economic news is sending the stock market further into record territory. A surge in consumer confidence helped push the Standard& Poor's 500 past 2,000 Tuesday morning, a day after the index closed just short of that milestone. Best Buy slumped 5 percent after profits plunged at the consumer electronics store chain.
NEW YORK, Aug 26- World stock indices rose on Tuesday and European bond yields fell on expectations of more stimulus from the European Central Bank and on strong U.S. data. Speculation grew that the European Central Bank is preparing a program of large-scale asset purchases to weaken the euro and try to jump-start growth in the struggling euro zone.
*Best Buy tumbles after results, DSW higher. *Digital Ally gains again, has tripled this month. "People aren't going to do anything too aggressive until there's some kind of catalyst, either positive or negative, and we may end up consolidating around 2,000 for a while," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.
*Ukraine tensions keep safety bid for U.S. debt. NEW YORK, Aug 26- U.S. "It's tough for Treasuries to sell off here given what's going on in Europe," said Gennadiy Goldberg, interest rate strategist at TD Securities in New York.
NEW YORK— Stocks are opening higher as investors welcomed the latest corporate deal news, sending the Standard& Poor's 500 index back above 2,000.. Burger King rose 2 percent after confirming that it would buy Tim Hortons of Canada. Best Buy slumped 5 percent after profits plunged at the consumer electronics store chain as more customers buy products online.
*Best Buy tumbles after results, DSW higher. *Digital Ally gains before bell, has tripled this month. Nonetheless, further gains may be a challenge without positive catalysts and amid potential headwinds such as a reduction in Federal Reserve stimulus and a simmering conflict between Ukraine and Russia.
LONDON, Aug 26- The euro hit its lowest level in nearly a year against the dollar and euro zone government bond yields fell on Tuesday on growing expectations the European Central Bank could ease monetary policy as soon as next week.
PARIS, Aug 26- European shares slipped in early trade on Tuesday, trimming the previous session's sharp gains that were fuelled by prospects of further stimulus measures from the European Central Bank. The UK market, shut on Monday for a holiday, gained ground, with the FTSE 100 index up 0.5 percent.
Achillion Pharmaceuticals Inc. rose 10.5 percent to $10.78 with 14,301,300 shares traded. Apple Inc. rose. 2 percent to $101.54 with 39,098,300 shares traded. Cisco Systems Inc. rose. 2 percent to $24.70 with 18,918,400 shares traded.
NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Burger King Worldwide Inc., up $5.29 to $32.40. GrubHub Inc., down $3.60 to $39.16.
NEW YORK— The stock market hit another milestone as the Standard& Poor's 500 index briefly traded above 2,000 points for the first time. The S&P 500 first closed above 1,000 points in February 1998. Burger King soared 20 percent on news that the fast-food chain is in talks to buy Tim Hortons of Canada, which could save the company money on taxes.
NEW YORK, Aug 25- The S&P 500 briefly hurdled above 2,000 for the first time on Monday, with financials and biotechnology stocks lifting the benchmark index to a record as investors make equities their asset of choice.
WASHINGTON, Aug 25- Sales of new U.S. single-family homes fell for a second straight month in July, but a surge in the stock of properties on the market and slower price gains should help stimulate demand in the months ahead. "The housing market continues to recover," said Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina.
*Euro STOXX 50 closes up 2.2 pct at 3,165.47 points. LONDON, Aug 25- European shares rose on Monday, as prospects of new stimulus measures from the European Central Bank enabled the region's stock markets to shrug off weak German data and the resignation of the French government.
NEW YORK, Aug 25- Global equity markets rallied on Monday, with the U.S. benchmark S&P topping the 2,000 mark for the first time, as expectations grew that the European Central Bank would loosen its monetary policy in a move to boost economic growth.
Biotechs rallied after Roche Holding AG agreed to buy InterMune Inc for $8.3 billion in cash, the latest vote of confidence in a sector that many, including Federal Reserve Chair Janet Yellen, are worried is overvalued. InterMune jumped 36 percent to $73.00, with the Nasdaq Biotech index up 2.4 percent.
*New home sales fall 2.4 percent in July. WASHINGTON, Aug 25- Sales of new U.S. single-family homes fell for a second straight month in July, but a surge in the stock of properties on the market and a moderation in price increases should help to stimulate demand in the months ahead.