Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
U.S. stocks closed higher Thursday, ending a five-day losing streak with telecoms leading sector advancers.
The Dow Jones industrial average closed about 93 points higher with 3M contributing the most to gains. Earlier, the Dow fell nearly 169 points.
The S&P 500 closed about a third of a percent higher after earlier falling 1 percent. Energy was the only declining sector as U.S. crude oil futures settled down $1.80, or 3.75 percent, at $46.21 a barrel.
The major indexes came off session lows as selling in the British pound eased against the U.S. dollar. to trade higher around $1.422 as of the U.S. stock market close.
The move in sterling coincided with a tweet from U.K. Prime Minister David Cameron stating that all campaigning around the E.U. referendum has been suspended, following news that Labour Member of Parliament Jo Cox died from a shooting earlier in the day. The cause of the shooting was unclear, but there was speculation the act could encourage more voters to choose to remain in the EU.
"Civility took over and the debate over Brexit stopped for a period of time," said Art Hogan, chief market strategist at Wunderlich Securities.
Gold also came well off session highs, after earlier extending its rise above $1,300 an ounce to hit its highest since August 2014.
Traders cited some technical support around 2,050 on the S&P as helping the intraday turnaround. The Dow and S&P posted their first five-day losing streak since February on Wednesday.
"The turn (in stocks) started when Europe started to close," said Peter Coleman, head trader at Convergex. He noted stocks were somewhat oversold and attributed much of the midday recovery to the close in European stocks and some short-covering.
European stocks ended well off their lows, with the STOXX Europe 600 about 0.72 lower.
Treasury yields were mostly higher in late afternoon trade, with the 10-year yield near 1.57 percent and the near 0.68 percent. Earlier, the 10-year fell to 1.518 percent, its lowest since August 2012, while the 2-year touched its lowest since mid-February.
The Dow utilities and S&P 500 utilities sector rose more than half a percent to hit a fresh 52-week intraday high.
Overnight, the Bank of Japan did not offer additional monetary stimulus. BOJ Governor Haruhiko Kuroda said the strength in the yen "could have undesirable effects on Japan's economy and future inflation," according to a Reuters report.
"It really calls into question whether the Bank of Japan has run out of bullets and trigger the yen to go higher (against the dollar)," said Nick Raich, CEO of The Earnings Scout.
The yen hit 103.58, its strongest level against the U.S. dollar since August 2014. The yen was last near 104.3 yen versus the greenback.
The U.S. dollar index was little changed in afternoon trade, with the euro around $1.123.
As stocks sold off into the close Wednesday after Fed Chair Janet Yellen's press conference, traders cited concerns about Fed credibility.
The latest Brexit poll showed that among those likely to vote, British support for leaving the European Union in a June 23 referendum has risen to 53 percent, according to a survey by Ipsos Mori reported by Reuters.
The National Association of Home Builders (NAHB) said its survey of builder sentiment rose two points in June to 60.
The closed up 6.49 points, or 0.31 percent, at 2,077.99, with telecommunications leading nine sectors higher and energy the only decliner.
The Nasdaq composite closed up 9.98 points, or 0.21 percent, at 4,844.91.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower around 19.4 after earlier topping 22.5 to hit its highest since February.
Decliners were a touch ahead of advancers on the New York Stock Exchange, with an exchange volume of 876 million and a composite volume of 3.5 billion in the close.
Gold futures for August delivery settled up $10.10 at $1,298.40 an ounce.
On tap this week:
8:30 a.m. Housing starts
8:30 a.m. Building permits
*Planner subject to change.