Friday, 13 August 2021

Reuters Business: Dow, S&P close at records as Disney offsets drop in sentiment

Dow, S&P close at records as Disney offsets drop in sentiment

The Dow Industrial and S&P 500 edged up to closing records on Friday and notched a second straight week of gains, buoyed by a climb in Walt Disney shares, but a sharp drop in consumer sentiment kept gains in check.

Wall St Week Ahead Investors give value stocks a second look as bond yields rally

U.S. value stocks may be getting a second wind, as bets on economic strength bolster Treasury yields and lift cyclically-sensitive shares that have stagnated in recent months after a powerful rally earlier this year.

Wall Street ends little changed as Disney offsets drop in sentiment

U.S. stocks held near the unchanged mark on Friday and notched a second straight week of gains, as a climb in Walt Disney shares boosted the Dow Industrials and S&P 500 but a sharp drop in consumer sentiment kept the investor optimism in check.

U.S. dollar net longs hit highest since early March 2020 -CFTC, Reuters estimate

U.S. dollar net longs rose in the latest week to their highest since early March last year, according to Reuters calculations and Commodity Futures Trading Commission data released on Friday.

Intel discloses small stake in crypto exchange Coinbase

Intel Corp (INTC.O) on Friday disclosed a stake worth less than a million dollars in U.S. cryptocurrency exchange Coinbase Global Inc (COIN.O).

Colombian businessman Carlos Ardila Lulle dies age 91

Carlos Ardila Lulle, one of Colombia's richest businessmen and owner of a conglomerate including sugar mills, broadcasters and a soccer team, died on Friday of natural causes aged 91 years old, the company said.

Disney helps lift Dow, S&P 500 to records

The Dow and the S&P 500 inched higher to touch intraday records on Friday and were poised for a second straight week of gains, buoyed by gains in Walt Disney, although a drop in consumer sentiment kept gains in check.

Cuba dips toe in market economy with legalization of small businesses

Thousands of small and medium-sized Cuban businesses will be allowed to incorporate in the coming months, in one of the most important economic reforms taken by the island's Communist government since it nationalized all enterprises in the 1960s.

U.S. workplace regulator says vaccinated workers should wear masks

The U.S. agency that regulates workplace safety issued guidance on Friday urging employers to require many fully vaccinated workers to wear masks to protect unvaccinated colleagues and customers, amid a surge in COVID-19 cases.

U.S. drillers add most oil rigs in a week since April -Baker Hughes

U.S. energy firms added the most oil rigs in a week since April as the total rig count more than doubled from a record low a year ago amid a recovery in crude prices.

Related Videos

Investors look through COVID wave -advisor

U.S. consumer sentiment plunges to decade low

Pfizer, Moderna could reap billions from booster shots