Asian stocks declined on Thursday, as disappointing quarterly corporate earnings offset potential gains from positive global economic data.
The Dow and S&P 500 finished in negative territory Wednesday as investors digested the latest batch of corporate earnings, while stronger-than-expected results from Apple helped limit losses on the Nasdaq.
The dollar rallied across the board on Wednesday, bolstered by a rise in U.S. Treasury yields that suggested the recovery in the world's largest economy was firmly on track.
Gold futures settled 1 percent lower at $1,319 on Wednesday, retreating from the previous session's one-month high, as gains in the dollar versus a basket of currencies
European shares closed higher on Wednesday after flash purchasing managers' index (PMI) data for the euro zone came in better than expected.
Anne Lester, senior portfolio manager at J.P. Morgan Asset Management, advises shifting money into equities as relative yields are much more attractive than in fixed income.
Gina Sanchez, chairwoman and founder at Chantico Global, highlights that while many U.S. companies have reported forecast-beating profit, revenues have disappointed.
Asian stocks closed mixed on Wednesday after HSBC's key survey of Chinese manufacturing activity fell to an eleven-month low in July, confirming signs of a further slowdown in the world's second-largest economy.
U.S. oil settled modestly higher on Tuesday, after a day of volatile trading in the closely watched spread between international benchmark Brent and U.S. crude oil futures.
Stocks finished narrowly mixed in lackluster trading Tuesday, but the Dow posted a fresh closing high, as investors weighed a handful of upbeat earnings against a weak regional factory report.
The dollar was broadly weaker on Tuesday, falling to a one-month low against the euro in thin trading.
Dissecting the latest market action, with Oliver Pursche, Gary Goldberg Financial Services; Michael Santoli, Yahoo! Finance; and CNBC's Jeff Cox.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Gold could be headed to $1,350 and analysts expect another draw on oil inventories.
Gold pushed above its settlement in afternoon trading on Tuesday, pushing toward $1,350, a day after the metal had its strongest one-day rally in more than a year.
Treasurys prices stayed low on Tuesday after the U.S. government sold new two-year notes in an uneventful auction, the first sale in $99 billion of supply this week.
European shares pared earlier gains to close down on Tuesday, after a late session sell-off that traders attributed to concerns about possibly disappointing earnings from Apple.
China's benchmark stock index led Asia higher on Tuesday, as speculation grows that Beijing could take stimulus measures to boost a slowing economy.
The yen rose against the dollar for the first time in four sessions on Monday after Japanese Prime Minister Shinzo Abe won a widely expected victory in elections for parliament's upper house.
U.S. oil prices pulled back from last week's 16-month high on Monday as traders locked in profits from a blistering rally that briefly sent U.S. crude to a premium over Brent.
Gold settled at $1,336 on Monday, surging nearly 3 percent as a breakout out above the $1,300 level triggered short covering.
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