Date: 2017-07-12 00:00:00
S&P 500 (SPY) — open: 242.37, high: 242.55, low: 240.85, close: 242.19, volume: 50354600, daily change: -0.0007
News headlines:
Brazil’s J&F to Sell Stake in Flip-Flop Maker Alpargatas
Overnight Stock Strength to Extend Into Asia
Mexico Awards 21 Oil and Gas Blocks in Two Auctions
Oil Prices Steady After Latest Move Higher
Minnesota Sues CenturyLink Over Billing Complaints
Yellen: Inflation Should Rebound, but Fed Could Alter Policy if Softness Persists
Market Talk: Daily Analysis Roundup
Janet Yellen’s House Testimony: Key Quotes
Dynamics of Housing Debt in the Boom and Recession
Yellen Gets Blasted By Congresswoman Over Closed-Door Fischer Speech
Bankrupt Ticketing Business Seeks Court Order to Sell Remaining Inventory
The Fed Gets Optimistic About Inflation
Research Lab Worker Arrested, Charged With Securities Fraud
NRG to Sell Assets, Slash Costs, Bowing to Activist Pressure
Capital Teas Files for Bankruptcy
Dollar Slides as Investors Watch Yellen Testimony
Dow Industrials Climb to Record Close
FDA Panel Votes to Support Leukemia Gene-Therapy Treatment
Yellen Open to Change in Some Bank Rules, But Not All
Ex-Banker Sentenced to Prison After Pleading Guilty to 1MDB-Linked Money Laundering
White House to Nominate Russ Behnam as CFTC Commissioner
Quarles Should Firm Up Stance on Bank Regulations
Want a Higher Interest Rate on Your Bank Account? Tough Luck
SEC Head Calls on Agency to Ease Disclosure Rules on Public Firms
The Benefits of Shadow Banking to the Financial System
Canada No Longer Needs Strong Stimulus, Central Bank Says
Fed’s George Wants Balance-Sheet Reduction ‘in the Near Future’
Oil Climbs as U.S. Stockpiles Shrink
Trump’s Pick for Top Bank Regulatory Post Withdraws
Live: Janet Yellen Testifies Before Senate Banking Committee
Gold Rises on Yellen’s Remarks
Fed Beige Book: Labor Markets Tighter, Price Pressures Modest
Canadian Dollar Rallies on Rate Rise
Breitburn Challenges Shareholders’ Bid for Valuation Discovery
Bank Earnings: What to Watch
Rue21 Creditors Object to Plan
Firm Retention Summary: Wordsworth Academy
Fitzgerald’s Take: Retail Ruling a Boost to Long-Distance Shippers
Fitzgerald’s Take: Retail Ruling a Boost to Long-Distance Shippers
Berkshire Aims for Fast Regulatory Action on Oncor Deal
French Government Tweaks Budget to Fund Tax Cuts
OPEC Output Rose in June Despite Planned Cuts
Eurozone Industrial Output Grows at Fastest Since 2011
Big Oil Stays Wary on Iran
Rate Rise Could Stoke Worries Over Canada’s Banks
New York Fed’s Potter: Central Bank Is Reviewing FX Trading Policies
RBS to Pay $5.5 Billion to Settle Mortgage-Backed Securities Probe
Transcript: Fed’s Brainard Answers Audience Questions
Profile: Guiding Entrepreneurs on Growth
ETFs and Mutual Funds Square Off in the Post-Fiduciary-Rule World
J.P. Morgan Names New Government Relations Head
WSJ Dollar Index Edges Down
European Commission Urges End to Disciplinary Measures Against Greece
Ex-Chief of Collapsed Bitcoin Exchange Mt. Gox on Trial
ABM Industries Reaches Deal to Buy GCA Services for $1.25 Billion
Visa Takes War on Cash to Restaurants
Chinese Banks Continued to Exceed Loan-Volume Expectations in June
Why the Euro’s Surge Could Last
Opponents Eye Ways to Stop Arbitration Rule | Visa Takes War on Cash to Restaurants | Why Higher Bank Deposit Rates Are Unlikely | Witkowski’s Take: Fintech Charter Still on the Horizon
Zinsli’s Take: Despite Missteps, Billion-Dollar Valuations Aren’t Going Away
Revere Nabs $2 Million for Fitness Nutrition
Witkowski’s Take: Fintech Charter Still on the Horizon
Former White House Economists to Donald Trump: Don’t Impose Steel Tariffs
Opponents Eye Ways to Stop Arbitration Rule | Visa Takes War on Cash to Restaurants | Why Higher Bank Deposit Rates Are Unlikely | Witkowski’s Take: Fintech Charter Still on the Horizon
Torry’s Take: Chances of a Tantrumy Testimony Look Tapered
China Bond Rally May Stir Up Trouble for Beijing Regulators
Miners Dig High to Hunt for the Most Valuable Diamonds
Consumer Arbitration Rule Opponents  Plan Repeal Effort
Oil Prices to Remain Choppy in 2H
BOE’s Broadbent Cites Cloudy Economic Outlook in Arguing Against Rate Hike
China Releases 10 Crown Resorts Employees From Jail
Darktrace Raises $75 Million
WeWork Raises $760 Million in New Capital
Randles’s Take: Westinghouse Review Committee Rankles Creditors
One Game Warren Buffett Doesn’t Play: Chicken
Market direction: Neutral