Solid earnings from U.S. companies and reassuring economic growth numbers from China have spurred a rally on Wall Street. The stock market had its best day of the year, with the S&P 500 gaining 2 percent, up 37 points to 1,941. Both the Dow and the Nasdaq registered triple-digit gains. The Dow rose 215 points, or 1.3 percent, to 16,614. The Nasdaq composite added 103 points, or 2.4 percent, to 4,419.
A former aide to Lieutenant Governor David Dewhurst has pleaded guilty to stealing $1.8 million in campaign funds from the Republican. Kenneth Barfield faces up to 20 years in prison. He ran Dewhurst's unsuccessful Senate campaign against Ted Cruz in 2012.
A top New York financial regulator is accusing the nation's largest servicer of subprime mortgages of abuses that could potentially harm hundreds of thousands of borrowers. New York's Superintendent of Financial Services has issued a letter to Ocwen Financial Corp., documenting the same kinds of suspicious actions that worsened the housing crisis, including backdating foreclosure warnings and loan denials, making it nearly impossible for borrowers to appeal the company's decisions.
Stocks appear on track for more gains today. The market is getting a boost from an encouraging report on China's economic growth as well as strong quarterly results from Apple and several other big companies. The Dow had gained more than 1 percent by early afternoon, up close to 200 points. The broader indexes are seeing even stronger gains, with the S&P 500 up more than 30 and the Nasdaq up about 90.
Stocks have been solidly higher today as the market heads for a fourth day of gains. Traders are encouraged by economic growth figures from China, and from strong quarterly earnings numbers from several big U.S. companies.
One of the three Americans being held in North Korea has been released. The State Department says Jeffrey Fowle is on his way home. A spokeswoman says the U.S. is still trying to free Americans Matthew Miller and Kenneth Bae (bay). Associated Press journalists in Pyongyang spotted a U.S. government plane at the capital's international airport today.
U.S. stocks are solidly higher in afternoon trading as the market heads for a fourth day of gains. The gains follow encouraging economic growth figures from China, as well as strong quarterly earnings from Apple and several other big U.S. Companies. The Dow was up about 150 points, while gains in the S&P and the Nasdaq are close to one and a-half percent.
The price of oil is also higher.
Homeland Security is requiring anyone coming to the United States from the West African countries hit hardest by Ebola to enter through one of five airports currently screening passengers for the disease. Travelers from Liberia, Sierra Leone or Guinea are being screened at New York's Kennedy, Newark Liberty, Washington's Dulles, Chicago's O'Hare and Hartsfield-Jackson Atlanta airports. Nearly all of the estimated 150 daily passengers from the region already pass through those airports.
Eleven reputed members and associates of a New York-based organized crime family are facing charges in New Jersey. The state attorney general's office alleges the suspects collected millions of dollars through loansharking, sports gambling, unlicensed check-cashing and money laundering. Authorities say one of those charged is 80-year-old Charles Tuzzo, a reputed leader of the Genovese crime family.
Doctors in Spain say a second and conclusive test shows a nursing assistant who was infected with Ebola is completely clear of the virus. Teresa Romero battled for her life after she tested positive Oct. 6 and was admitted to a Madrid hospital. Doctors say she began to show signs of recovery last week. She first tested negative Sunday. Romero received plasma from a recovered Ebola patient but health authorities have disclosed no more treatment details.
Experimental Ebola vaccines could be on their way to West Africa within the next few months. A top World Health Organization official says tens of thousands of doses of the vaccines could be available for "real world" testing in West Africa as soon as January -- as long as they are found to be safe. She says clinical trials that are either underway or are planned in Europe, Africa and the U.S. are expected to bring preliminary safety information on two vaccines by December.
Stocks are making early gains on Wall Street. Even the Dow is moving higher, despite significant drops for two of its components. IBM continues to sink after its disappointing results yesterday, and Coca Cola lost five percent at the opening of trading after reporting a decline in profit and sales in the third quarter. However, results from several other big companies appear to have pleased investors. Apple shares are up 3 percent, while Harley-Davidson has jumped 8 percent.
U.S. homes sold in September at their fastest clip of the year. The National Association of Realtors says sales of existing homes rose 2.4 percent to a seasonally adjusted annual rate of 5.17 million. Still, the sales rate has dropped 1.7 percent over the past 12 months with investors retreating from the market. Median home prices rose 5.6 percent over the past 12 months.
Stocks have opened higher after several big companies reported results that pleased investors. Apple and Harley-Davidson both rose after releasing their latest quarterly figures. Apple gained 3 percent after predicting strong holiday sales.
Fashion designer Oscar de la Renta has died at the age of 82. He dressed first ladies, socialites and Hollywood stars for more than four decades. And just recently, one of his gowns was worn by Amal Alamuddin when she married George Clooney in Venice. A family statement says he died at his Connecticut home yesterday evening, surrounded by family, friends and "more than a few dogs."
Staples says it's looking into a potential credit card data breach and it's been in touch with law enforcement officials. The office supply retailer says if it turns up any data discrepancies during its investigation, customers won't be responsible for fraudulent activity on their credit cards as long as it's reported in a timely manner.
One of two Canadian soldiers hit by a car in an apparent terrorist attack has died of his injuries. Quebec provincial police say the soldier died early today. An official familiar with the case says the driver of the car was killed by officers after police say he struck two members of the Canadian military in a city near Montreal. The official says he was influenced by radical Islamists.
A police van with barred windows is how double-amputee Olympic runner Oscar Pistorius left a South African courthouse today. A judge sentenced the 27-year-old to five years in prison for culpable homicide in the Valentine's Day 2013 shooting death of girlfriend Reeva Steenkamp. Legal experts say Pistorius could be released after 10 months in prison to serve the remainder under house arrest.
A top World Health Organization official says an Ebola vaccine could be ready for experimental field use by January. Dr. Marie Paule Kieny, an assistant director general for the WHO, says clinical trials planned or already underway in Europe, Africa and the U.S. are being accompanied by a push by governments for immediate "real-world use" of an approved Ebola vaccine. Kieny says if the vaccines are deemed safe, then tens of thousands of doses would be used in a West African trial in January.
The Duke and Duchess of Cambridge have confirmed that their second baby is due in April - the first time they have offered a month for the royal birth. Kensington Palace also said in a statement that the duchess, who has been sidelined by prolonged morning sickness, continues to improve. There was no word on the baby's gender.
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