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Today's News
Stocks gain on reassurance from a top Fed official
5 hours ago
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday. "Those words were a salve for investors' nerves," said Lawrence Creatura, a fund manager at Federated Investors. Other Fed officials have recently talked about scaling back the program. "There's a lot of uncertainty surrounding this issue. And uncertainty and investors aren't always a happy match."
AP Top Financial News At 6:26 p.m. EDT
5 hours ago
JPMorgan's Dimon survives shareholder referendum Stocks gain on reassurance from a top Fed official Microsoft touts Xbox One as all-in-1 entertainment
AP Top Extended Financial Headlines At 6:26 p.m. EDT
5 hours ago
JPMorgan shareholders let CEO Jamie Dimon keep chairman job Stocks turn higher after reassuring words from Fed official; Home Depot gains after earnings Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled
Housing recovery boosts Home Depot 1Q results
5 hours ago
Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring. Home Depot, which operates 2,257 stores, and other retailers are enjoying easing pressure as the housing market slowly improves. "While weather negatively impacted our seasonal and exterior businesses, our core interior project business remained strong throughout the quarter," said CEO Frank Blake. "This was encouraging and consistent with the views that the housing market is starting on the path to recovery."
