Date: 2016-08-18 00:00:00
S&P 500 (SPY) — open: 218, high: 218.53, low: 217.02, close: 218.37, volume: 75134300, daily change: 0.0019
News headlines:
Brent Remains Above $50 on OPEC Freeze Talk, U.S. Drawdown
Viacom, Redstone Near Settlement Ousting CEO Dauman
Singapore’s Diamond Exchange Hopes to Add Sparkle to Portfolios
Dividends Eat Up Bigger Slice of Company Profits
Singapore’s STI Regains Ground as Offshore Marine Rebounds
Grand Plans to Revive Chicago’s Stock Exchange—From China
Eddie Bauer Reports Possible Data Breach
Nike in Supply-Chain Pact With Apollo
Fed’s Dudley Says Growth Will Push Fed to Raise Rates
Survey of Bankers Shows Uncertainty Over Executives’ Goals
Key Figure in 1MDB Probe Is Arrested
Caterpillar Plans to Sell Underground-Mining Equipment Lines
Roundup of Form D Regulatory Filings--Aug. 18
U.S. Stocks Rise as Oil Rallies
Instavest Banks $1.7M to Assist Individual Investors
Gap Cuts Year View as Quarterly Sales Fall
Watch Out, Retirement Savers, Your Choices Are Poised to Shrink
Surprise, Investors! The Economy Isn’t That Bad
Rare-Disease Drug Developer Nutrinia Raises $30M for Clinical Trials
NBER Paper Examines Zero-Bound Episodes
Williams Says Fed Should Pick Up the Pace on Rates
Vestas Wind Systems Reports Strong Earnings Jump
Target Adds Private Bathrooms to Quell Transgender Debate
Ross Stores Boosts Earnings Guidance
A Big Change Ahead for Central Banks
When REITs Leave, Financial-Sector Funds Could Lose Yield
Accounting Watchdog Says Most Brokerage-Firm Audits Need to Improve
Shares of Prison Operators Slammed as DOJ Backs Away
The Disappearance of Black-Owned Banks
Chicago Exchange’s Sale Highlights Lack of Accounting Oversight of Chinese Companies
Applied Materials Orders Hit Record High, as Profit Surges
Esther George, Fed Up Will Sit Down in Jackson Hole
Wal-Mart Store Overhauls Help Boost Sales
Hedge Fund Och-Ziff Considered Sale of Part of Firm
Dollar Extends Fall Amid Mixed Rate Outlook
Breitburn, Shareholders Battle Over Bankruptcy Panel for Holders
Natural Gas Rises on Small Storage Addition
Valeant Able to Loosen Debt Terms
Oil Leaps Into a Bull Market
Perry Ellis to Close 15 Stores as Retailer Posts Wider Loss
New York Fed’s William Dudley Catches the ‘Snug’ Bug
Gold Gains After Fed Minutes
Blackstone Mulls New Mountain Capital Proposal to Back JDA Software
Judge Approves Auction Rules for SunEdison Projects
ECB Minutes Flag Brexit and Banking Sector Concerns
U.S. May Finally Get a Peek at the Books of Alibaba, Baidu
Oil Companies Need Prices to Keep Rising Past $50 a Barrel
FSOC Renews Request for Expedited Arguments in MetLife Case
Macy’s Names Retail Veteran as Its New Marketing Chief
Banca Monte dei Paschi’s CEO, Ex-Chairman Being Investigated
Analytics Startup Heap Raises $11M Series A Led by NEA
Voices: How Debt Boot Camp Can Help Clients
Libyan Port Resumes Oil Shipments
German Bankers Turn Tech Entrepreneurs
U.K. Retail Sales Up Despite Brexit as Weak Pound Lures Tourists
T. Rowe Price Sues Valeant, Alleging ‘Fraudulent Scheme’
Conference Board’s Leading Economic Index Climbs in July
Banks, Government to Own Toll-Road Operator
United Continental Names New CFO, Commercial Chief
U.S. Jobless Claims Fall to 262,000
Manufacturing Activity Across Mid-Atlantic Picks up Modestly
Citigroup’s Last Proprietary Trader Walks Out the Door
Oil Price Recovery Likely to Continue, Say Company Executives
Nestlé Seeks Bigger Piece of High-End Chocolate
Standard Bank Raises Dividend on Robust Results
Saudi Arabia Increases Crude Exports
United Bankshares to Buy Cardinal Financial
Dollar Continues to Weaken after Fed Minutes
Financial Stability Board to Focus on Guidance for Central Counterparties
German Bankers Turn Tech Entrepreneurs
Creighton’s Take: Calibrating Fintech Regulation to Spur Competition
ID Experts Catches $27M to Detect Identity Fraud
Dragos Security Raises $1.2 M to Secure Industrial Control Systems
Gage’s Take: Venture-Capital Data Refutes Some VC Myths
Qualia, Backed by 8VC, Tackles Mortgage Closing
Hormel Beats Expectations, Raises Guidance
Hilsenrath’s Take: The Old Normal Is Dead, Long Live the Unconventional and Unpopular New Normal
Central Bankers are Threatening the Engine of the Economy
Why We’re Still Arguing Whether QE Worked
Maternity Leave and the Gender Wage Gap: An Analysis of New Jersey Family Leave Insurance
Creighton’s Take: Calibrating Fintech Regulation to Spur Competition
Japan Hit by Double Whammy in Fed Waiting Game
Lawsuit Alleges Banks Manipulated Australian Rate
Eurozone Inflation Rises in July
Japan Shares Close Lower
Bank Indonesia Expected to Hold Rates Steady
Nestlé Reports Subdued Sales Growth
Australia Central Bank Uneasy About High Currency
Mongolian Central Bank Raises Rates
Rizzo’s Take: Ultra Sheds Light on Bankruptcy
Rizzo’s Take: Ultra Sheds Light on Bankruptcy
Market direction: Neutral