Dow Jones Today Adds Double Digits Following Iran Nuclear Deal – Money Morning

At the Top of the Class in Glass

As I’ve told you before, it’s one thing to invest in a leader.

It’s quite another to invest in a leader that has what it takes to stay at the top – for a good, long run.

The lesson we’re talking about here is clear: If you’re looking for long-term profits, put your money on proven innovators.

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How the Dow Jones Industrial Average Fared on Wednesday – ABC News – ABC News

Associated Press

U.S. stocks ended a four-day rally by edging lower on Wednesday as energy stocks fell.

Energy shares slumped following another sharp drop in oil prices after a report showed a smaller-than-expected decline in supplies last week.

Investors were also waiting for the outcome of a vote in Greece that will determine whether the Mediterranean nation will accept austerity measures in exchange for more loans from its creditors.

For the day:

The Dow Jones industrial average slipped 3.41 points, or 0.02 percent, to 18.050.17.

The S&P 500 edged down 1.55 points, or 0.07 percent, to 2,107.40.

The Nasdaq composite fell 5.95 points, or 0.12 percent, to 5,098.94.

For the week:

The Dow is up 289.76 points, or 1.6 percent.

The S&P 500 index is up 30.78 points, or 1.5 percent.

The Nasdaq is up 101.25 points, or 2 percent.

For the year:

The Dow is up 227.10 points, or 1.3 percent.

The S&P 500 index is up 48.50 points, or 2.4 percent.

The Nasdaq is up 362.89 points, or 7.7 percent.

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Why the Dow Jones Industrial Average (DJIA) Fell Today – Money Morning – Money Morning

At the Top of the Class in Glass

As I’ve told you before, it’s one thing to invest in a leader.

It’s quite another to invest in a leader that has what it takes to stay at the top – for a good, long run.

The lesson we’re talking about here is clear: If you’re looking for long-term profits, put your money on proven innovators.

Full Story

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What the Dow Jones Industrial Average Did Today – Money Morning – Money Morning

Blackstone Is Investing $4.5 Billion Here

“Achetez aux canons, vendez aux clairons.”
(Buy on the cannons, sell on the trumpets.)

Old French Proverb

It’s one of my favorite investing maxims, so I can’t help but invoke it from time to time.

You see, it conveys a very specific meaning.

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Dow Jones Industrial Average, S&P 500 Gain As Oil Prices Boost Energy Sector … – International Business Times

U.S. stocks traded higher Tuesday, shrugging off a brief drop in oil prices after Iran and six global powers struck a historic nuclear deal, renewing fears of crude oversupply. Meanwhile, U.S. retail sales unexpectedly fell in June, raising concerns that the U.S. economy is slowing as consumers cut back on spending last month.

In midday trading, the Dow Jones Industrial Average (INDEXDJX:.DJI) gained 53.01 points, or 0.29 percent, to 18,030.69. The Standard & Poor’s 500 index (INDEXSP:.INX) added 8.30 points, or 0.39 percent, to 2,107.82. And the Nasdaq composite (INDEXNASDAQ:.IXIC) rose 34.44 points, or 0.67 percent, to 5,105.73.

Oil prices briefly tumbled 2 percent in morning trading after Iran and global powers reached a nuclear deal that could result in easing of sanctions against Tehran and gradually increase its oil exports. Investors fear those exports could affect a global oil market already facing oversupply.

The deal could eventually allow around 1 million barrels per day of Iranian oil production back onto the market, said Thomas Pugh, a commodities economist at Capital Economics.

However, West Texas Intermediate (WTI) crude, the benchmark for U.S. oil prices, turned positive in midday trading and gained 0.08 percent to $52.24 per barrel for August delivery on the New York Mercantile Exchange. On the London ICE Futures Exchange, Brent crude, the global benchmark for oil prices, fell 0.64 percent to $57.48.

WTI Crude Oil Spot Price | FindTheData

In the near term, broader macroeconomic and financial developments are likely to have a larger effect on oil prices than changes in Iranian exports. Changes in sentiment toward commodities have recently been influenced most by the gyrations in China’s stock market, Pugh said in a research note Tuesday.

“The upshot is that there is unlikely to be much additional Iranian oil hitting the market this year,” Pugh said. “Once sanctions have been lifted there could well be a surge in exports in the first few months as Iran sells its stores of oil, but ramping production up to previous levels is likely to take considerably longer.”

Nine out of the 10 sectors in the S&P 500 traded higher, led by gains in the energy sector. The gains were led by a 2 percent rise from Chesapeake Energy Corp., Southwestern Energy Co. and Cameron International Corp. The utilities sector was the only decliner, down just 0.05 percent.

Dow components Coca-Cola Co. and UnitedHealth Group Inc. were among the biggest gainers in the index, both adding more than 1 percent. Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) rose 1 percent and 0.4 percent, respectively. 

Dow Jones Industrial Average (Closing) | FindTheData

U.S. retail sales unexpectedly fell in June as households cut back on purchases of automobiles and a range of other goods, which could raise concerns the economy was slowing again. Not only did sales drop in June, but May’s big gain was revised lower.

Retail sales fell 0.3 percent last month, the weakest reading since February, the Commerce Department said Tuesday. May’s figures were revised lower to show them rising 1.0 percent instead of the previously reported 1.2 percent jump.

Economists polled by Reuters had forecast retail sales rising 0.2 percent last month.

Despite the disappointing reading, economists say signs still point to solid consumer spending momentum for the remainder of the year.

“Buoyant consumer confidence, solid employment, low gas prices, and firmer wage growth should support stronger household outlays in coming months,” Gregory Daco, lead U.S. economist at Oxford economics, said in a research note Tuesday.

Earnings season will also be in full swing this week as banking giants JPMorgan Chase & Co. and Wells Fargo & Co. released second-quarter results ahead of the opening bell.

Shares of JPMorgan Chase & Co. (NYSE:JPM) gained more than 1 percent Tuesday after the biggest U.S. bank by assets beat Wall Street expectations on earnings and revenue, helped by lower expenses. Meanwhile, shares of Wells Fargo & Co. (NYSE:WFC) rose nearly 1 percent after the fourth-largest U.S. bank posted earnings in line with forecasts. 

Shares of Micron Technology Inc. (NASDAQ:MU) rallied 11 percent following reports the U.S. memory chip maker is the target of a $23 billion takeover by Chinese semiconductor chip designer Tsinghua Unigroup Ltd., the Wall Street Journal reported.

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Dow Jones Industrial Average Soars 200 Points On 'aGreekment' – International Business Times

U.S. stocks rallied Monday, with the Dow Jones Industrial Average soaring more than 200 points, as investors cheered news that Greece and its international creditors struck a bailout “aGreekment” following months of uncertainty. After 17 hours of tense negotiations in Brussels, a Greek delegation agreed to impose tough tax and pension reforms in order to secure a third bailout in a reform-for-aid deal for the debt-stricken country. Greece’s parliament must begin implementing the reforms by Wednesday. 

The Dow (INDEXDJX:.DJI) leaped 202 points, or 1.14 percent, to 17,962.41. The Standard & Poor’s 500 index (INDEXSP:.INX) rose 20.62 points, or 1 percent, to 2,097.01. And the Nasdaq composite (INDEXNASDAQ:.IXIC) gained 63.36 points, or 1.27 percent, to 5,061.08.

Stock markets in Europe and Asia gained more than 1 percent Monday on Greece’s concessions, with the pan-European Stoxx 600 index up 1.6 percent. The Shanghai composite closed up 2.4 percent after the index tumbled more than 30 percent from its peak in mid-June.

Meanwhile, all 10 sectors in the S&P 500 traded higher, led by gains in the financial, information technology and consumer discretionary sectors.

All 30 stocks in the Dow traded higher Monday as software company Microsoft Corporation (NASDAQ:MSFT) and chemical maker DuPont Co. (NYSE:DD) led the blue-chip index higher, both adding 2 percent. Oil and natural gas producer Chevron Corporation (NYSE:CVX) traded flat, up just 0.1 percent.

Greece agreed to tough reforms to secure a third bailout, totaling 86 billion euros ($95 billion) over three years in a reform-for-aid deal for the debt-stricken country. “Today we had only one objective: to reach an agreement. After 17 hours of negotiations we have finally reached it. Someone can say we have an ‘aGreekment,’” Donald Tusk, president of the European Council, said Monday following a summit with eurozone officials over the weekend.

EuroSummit has unanimously reached agreement. All ready to go for ESM programme for #Greece with serious reforms & financial support

— Donald Tusk (@eucopresident) July 13, 2015

Final statements #greek euro summit by @eucopresident @JunckerEU and @J_Dijsselbloem #EUCO http://t.co/ignbbXa0ub pic.twitter.com/Y88gGmzcVc

— EU Council TV News (@EUCouncilTVNews) July 13, 2015

#Eurogroup meeting – @J_Dijsselbloem on #Greece http://t.co/S93cU1ucGm pic.twitter.com/1rupWz5nCM

— EU Council TV News (@EUCouncilTVNews) July 13, 2015

The weekend’s agreement requires Greece to pass laws by Wednesday that would reform labor markets, pave the way for privatization of public assets, and implement independent oversight of Greek fiscal policy before the rest of the eurozone is willing to even consider another Greek aid package.

After a referendum just over a week ago that rejected international creditors’ demands for austerity reforms, the Greek government finished its abrupt about-face this past weekend by accepting even more restrictive austerity terms from the rest of the eurozone.

However, the risks of implementing and carrying out the reforms in the new agreement still “remain high,” said Bill Adams, senior international economist at PNC Financial Services Group, as a delay, a collapse of Greece’s leftist government, or another rebellion of Greek parliamentarians are all possible.

But the alternative is now so clearly unappealing to Greeks that a resolution acceptable to the rest of Europe seems “more likely than it did on Friday,” Adams explained in a research note Monday.

Investors have been spooked the last few weeks by “Grexit” fears, coupled with concerns about China’s benchmark stock exchange following frequent bouts of extreme volatility. If fears ease in the short term, experts say the U.S. Federal Reserve is likely to remain on course to change its monetary policy stance sometime this fall.

“Any reduction in concerns over Greece — and China — may simply clear the way for the Fed to begin raising U.S. rates sooner and further than the markets currently anticipate,” Julian Jessop, chief global economist at Capital Economics, said in a note Monday.

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Dow Jones Industrial Average Soars 200 Points On 'aGreekment' – International Business Times

U.S. stocks rallied Monday, with the Dow Jones Industrial Average soaring more than 200 points, as investors cheered news that Greece and its international creditors struck a bailout “aGreekment” following months of uncertainty. After 17 hours of tense negotiations in Brussels, a Greek delegation agreed to impose tough tax and pension reforms in order to secure a third bailout in a reform-for-aid deal for the debt-stricken country. Greece’s parliament must begin implementing the reforms by Wednesday. 

The Dow (INDEXDJX:.DJI) leaped 202 points, or 1.14 percent, to 17,962.41. The Standard & Poor’s 500 index (INDEXSP:.INX) rose 20.62 points, or 1 percent, to 2,097.01. And the Nasdaq composite (INDEXNASDAQ:.IXIC) gained 63.36 points, or 1.27 percent, to 5,061.08.

Stock markets in Europe and Asia gained more than 1 percent Monday on Greece’s concessions, with the pan-European Stoxx 600 index up 1.6 percent. The Shanghai composite closed up 2.4 percent after the index tumbled more than 30 percent from its peak in mid-June.

Meanwhile, all 10 sectors in the S&P 500 traded higher, led by gains in the financial, information technology and consumer discretionary sectors.

All 30 stocks in the Dow traded higher Monday as software company Microsoft Corporation (NASDAQ:MSFT) and chemical maker DuPont Co. (NYSE:DD) led the blue-chip index higher, both adding 2 percent. Oil and natural gas producer Chevron Corporation (NYSE:CVX) traded flat, up just 0.1 percent.

Greece agreed to tough reforms to secure a third bailout, totaling 86 billion euros ($95 billion) over three years in a reform-for-aid deal for the debt-stricken country. “Today we had only one objective: to reach an agreement. After 17 hours of negotiations we have finally reached it. Someone can say we have an ‘aGreekment,’” Donald Tusk, president of the European Council, said Monday following a summit with eurozone officials over the weekend.

EuroSummit has unanimously reached agreement. All ready to go for ESM programme for #Greece with serious reforms & financial support

— Donald Tusk (@eucopresident) July 13, 2015

Final statements #greek euro summit by @eucopresident @JunckerEU and @J_Dijsselbloem #EUCO http://t.co/ignbbXa0ub pic.twitter.com/Y88gGmzcVc

— EU Council TV News (@EUCouncilTVNews) July 13, 2015

#Eurogroup meeting – @J_Dijsselbloem on #Greece http://t.co/S93cU1ucGm pic.twitter.com/1rupWz5nCM

— EU Council TV News (@EUCouncilTVNews) July 13, 2015

The weekend’s agreement requires Greece to pass laws by Wednesday that would reform labor markets, pave the way for privatization of public assets, and implement independent oversight of Greek fiscal policy before the rest of the eurozone is willing to even consider another Greek aid package.

After a referendum just over a week ago that rejected international creditors’ demands for austerity reforms, the Greek government finished its abrupt about-face this past weekend by accepting even more restrictive austerity terms from the rest of the eurozone.

However, the risks of implementing and carrying out the reforms in the new agreement still “remain high,” said Bill Adams, senior international economist at PNC Financial Services Group, as a delay, a collapse of Greece’s leftist government, or another rebellion of Greek parliamentarians are all possible.

But the alternative is now so clearly unappealing to Greeks that a resolution acceptable to the rest of Europe seems “more likely than it did on Friday,” Adams explained in a research note Monday.

Investors have been spooked the last few weeks by “Grexit” fears, coupled with concerns about China’s benchmark stock exchange following frequent bouts of extreme volatility. If fears ease in the short term, experts say the U.S. Federal Reserve is likely to remain on course to change its monetary policy stance sometime this fall.

“Any reduction in concerns over Greece — and China — may simply clear the way for the Fed to begin raising U.S. rates sooner and further than the markets currently anticipate,” Julian Jessop, chief global economist at Capital Economics, said in a note Monday.

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Dow Jones Industrial Average Moving on Greek Debt Deal – Money Morning

Grab a 50% Profit From the Strongest Gold Miner on Earth

If you’re like most of us, I’m sure that at one point or another you’ve reached one of those crucial career junctures – you know, a point in time when circumstances forced a really tough job choice… or when you made a gutsy career call on your own.

For Rob McEwen, that critical career juncture came in the late 1990s, and it was accompanied by three tough-to-swallow realizations:

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Motley Fool: Dow Jones, S&P not the only major indexes – Columbus Dispatch

Q: What other major stock indexes exist beyond the S&P 500?

— D.E., Venice, Fla.

A: The Dow Jones industrial average is the most famous one, containing 30 American titans. The Standard & Poor’s 500 is another large-cap index, featuring 500 of America’s leading companies. Its components account for about 80 percent of the total market value of the U.S. stock market. The Dow and the S&P 500 are often viewed as proxies for the overall U.S. economy.

Other major indexes include the Russell 3000 Index, encompassing roughly 3,000 of the largest U.S. companies based on market capitalization. Together, these companies make up about 98 percent of the U.S. market’s value. The top small-cap company index is the Russell 2000, a subset of the Russell 3000 made up of about 2,000 of the smallest companies in the Russell 3000. The Dow Jones Wilshire 5000 is even broader, including almost every publicly traded U.S. company. For broad international coverage, the Vanguard Total International Stock Index represents almost all of the non-U.S. world stock market.

Fool’s school: stocks in retirement

Many people assume that stocks are only for the young and bonds are best for when you’re older. They’re wrong, though, because there’s a good case for retirees maintaining some stock holdings.

As a retiree, you’ll want your nest egg to grow, if possible, and stocks are one of the best tools for that. Bonds have their place, offering fixed income, but according to research by business professor Jeremy Siegel, stocks have outperformed bonds 78 percent of the time over all 10-year periods between 1871 and 2012,

96 percent of the time over all 20-year periods and 99 percent of the time over all 30-year periods.

Growth is important because of inflation, which will shrink the purchasing power of your savings over time. Retiring with $500,000 in the bank might seem terrific, but if inflation averages 3 percent annually over the next

25 years, that egg will have the buying power of only $233,500 in today’s dollars. A growing nest egg can offset the damage wreaked by inflation.

Learn more about investing and retirement strategies at fool.com/retirement and www.finance.yahoo.com/retirement.

Foolish trivia

I trace my roots to Detroit in the 1940s, when a dessert that Evelyn Overton prepared was so well-received that she began making more of it and selling it in relatively modest numbers. In the 1970s, she moved to Los Angeles and opened a bakery. Her son opened an upscale casual-dining restaurant named for the dessert in 1978, and it has now grown to close to 200 locations in the U.S. and around the world. Who am I?

Last week’s trivia question: I was founded in San Antonio in 1922 by 25 Army officers who decided to insure one another’s vehicles. Today, I’m a fully integrated financial-services company, offering insurance, banking, investments, retirement products and advice to more than 10 million current and former members of the U.S. military and their families. Who am I?

Answer: USAA

Got a question for the Fool? Send it in care of The Dispatch.

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Dow Jones Industrial Average Closes Up 217 Points As 'Grexit' Fears Ease – International Business Times

U.S. stocks closed sharply higher Monday, with all three benchmark indexes gaining more than 1 percent after Greece reached a tentative bailout deal with its international creditors. All 10 sectors in the S&P 500 finished higher, led by gains in the information technology and consumer discretionary sectors.

The Dow (INDEXDJX:.DJI) leaped 217.27 points, or 1.22 percent, to close at 17,977.68. The Standard & Poor’s 500 index (INDEXSP:.INX) rose 22.98 points, or 1.11 percent, to end at 2,099.60. And the Nasdaq composite (INDEXNASDAQ:.IXIC) gained 73.82 points, or 1.48 percent, to finish at 5,071.51.

Nearly all 30 stocks in the Dow closed higher Monday as chemical maker DuPont Co. (NYSE:DD) led the blue-chip index higher, gaining more than 2 percent. Technology also drove the index higher as software company Microsoft Corporation (NASDAQ:MSFT), iPhone maker Apple Inc. (NASDAQ:AAPL) and chip maker Intel Corporation (NASDAQ:INTC) all rose more than 2 percent.

Healthcare company Merck & Co. Inc. (NYSE:MRK) was the only stock to close lower in the Dow, shedding just 0.16 percent.

Meanwhile, the Nasdaq rallied higher after social media giant Facebook Inc. (NASDAQ:FB), e-commerce company Amazon.com Inc. (NASDAQ:AMZN) and video streaming service Netflix Inc.(NASDAQ:NFLX) recorded all-time highs.

Dow Jones Industrial Average (Closing) | FindTheData

Earnings season will also be in full swing this week as banking giants JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co. (NYSE:WFC) are scheduled to release second-quarter results ahead of the opening bell Tuesday. Other notable companies reporting this week include Google Inc. (NASDAQ:GOOGL), Goldman Sachs Group Inc. (NYSE:GS), Citigroup Inc. (NYSE:C), Intel Corporation (NASDAQ:INTC) and General Electric Company (NYSE:GE).

Wall Street forecasts corporate earnings to have fallen 3.1 percent in the second quarter from a year ago, according to analysts polled by Thomson Reuters.

Separately, economists are looking ahead to Tuesday’s economic calendar, which includes the Commerce Department’s retail sales figures for June.

U.S. retail sales rebounded in May, jumping 1.2 percent, a sign economic growth is on the rebound following a sluggish winter, the Commerce Department said last month. Wall Street forecasts retail sales to increase 0.2 percent in June, according to analysts polled by Thomson Reuters.

Global stock markets across the U.S., Europe and Asia rallied Monday after Greece agreed to tough tax hikes and pension measures in a reform-for-aid deal for the debt-stricken country. The pan-European Stoxx 600 index closed up nearly 2 percent, while the Shanghai composite finished up 2.4 percent.

The bailout totals 86 billion euros ($95 billion) over three years, but the agreement requires Greece to pass laws by Wednesday that would reform labor markets, pave the way for privatization of public assets and implement independent oversight of Greek fiscal policy.

Greece’s GDP Growth | FindTheData

If Greece and its European creditors strike a finalized deal this week, it’ll be good for the euro and Greece, but experts warn high hurdles remain for Athens, says Tim Dreiling, senior portfolio manager at the Private Client Reserve at U.S. Bank.

“The current government may have painted themselves into a corner because they were encouraging a vote against austerity,” Dreiling said. “Now Alexis Tsipras is returning home with a much worse deal than he was telling his people to vote against. It’s a tough sell.”

The deal still needs approval by national parliaments in Europe, including the Greek parliament by Wednesday.

The euro tumbled against other major currencies Monday, falling 1.3 percent to $1.1007 after initially rising near $1.12 in morning trading. 

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