Stocks Inch Higher Despite Global Terror Attacks; Bank of Japan Leaves Policy Unchanged
U.S. stocks inched higher Tuesday, with the Dow Jones Industrial Average closing in on 20,000, despite alleged terror attacks in Berlin, Zurich and Turkey on Monday
U.S. stocks inched higher Tuesday, with the Dow Jones Industrial Average closing in on 20,000, despite alleged terror attacks in Berlin, Zurich and Turkey on Monday. Topping the news Tuesday: The Bank of Japan leaves interest rates unchanged and in negative territory. Though the central bank raised its 2017 economic growth forecast, in part due to the yen's decline against the dollar since Donald Trump's presidential victory in November.
Rite Aid (RAD) shares moved higher after it announced plans to sell 865 locations to Fred's (FRED) totaling $950 million. This comes as the company tries to appease antitrust regulators, as it aims to complete its planned merger with Walgreens Boots (WBA) . General Mills (GIS) reported second-quarter adjusted earnings of 85 cents a share, falling short of Wall Street's forecasts by 1 cent. Revenue declined 7% to $4.1 billion amid its sale of North American Green Giant. TheStreet's Scott Gamm reports from Wall Street.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
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