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  • 10/10/2017 07:44:41

    Dow, S&P 500, Nasdaq jump to fresh intraday records as energy shares rallies

    U.S. stocks climbed on Tuesday at the open as the energy sector rallied and as the International Monetary Fund raised its outlook for global growth, reinforcing optimism about the health of the world economy that has helped drive equities to all-time highs. The Dow Jones Industrial Average advanced 78 points, or 0.4%, at 22,839, the S&P 500 index gained 10 points, or 0.4%, at 2,554, aided by a firm climb in the energy sector, measured by the Energy Select Sector SPDR ETF. Meanwhile, the Nasdaq Composite Index rose 27 points, or 0.4%, to 6,607. All three benchmarks notched intrady records in early Tuesday trade. The IMF said roughly 75% of the world's economy is sharing in the acceleration, a broader recovery than any in a decade. But it warned that a too-quick tapering from quantitative-easing measures by the European Central Bank and China failing to get a handle on its credit growth as factors that could derail economic progress. In corporate news, Procter & Gamble Co. shares gained as the consumer-products giant held an annual general meeting where a proxy vote among shareholders will decide on whether Trian Fund Management LP's chief executive officer, Nelson Peltz, gets a seat on the company's board. Meanwhile, Wal-Mart Stores Inc. shares were leading blue-chip gains, up 2.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/22/2017 17:46:09

    UPDATE 1-China-backed fund shunned by Trump to buy British chip maker

    Sept 22 (Reuters) - Canyon Bridge Capital Partners, the China-backed buyout fund that was barred last week by U.S. President Donald Trump from buying a U.S. chip maker, said it would purchase British chip designer Imagination Technologies Group Plc.

  • 08/15/2017 12:13:02

    BRIEF-The China Fund responds to City of London Investment Group letter

    * China Fund says it had sent a response to letter that City of London Investment Group PLC had attached to its August 10, 2017 form 13D filing​

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