Dow, Nasdaq close out of correction U.S. stocks closed more than 2 percent higher in a second straight day of recovery from a recent plunge, with sentiment helped by a rebound in oil.
| By: Evelyn Cheng
FOREX-Dollar firms for 3rd day on strong U.S. data, equities gain NEW YORK, Aug 27- The dollar rose for a third consecutive session on Thursday, bolstered by data showing a much stronger U.S. economy than had been thought and by gains in global equities, which benefited from improving risk sentiment. The reports, however, did little to change the view that the Federal Reserve would delay raising interest rates given recent market...
| By: Gertrude Chavez-Dreyfuss
UPDATE 1-Ferragamo says new stores in China could be smaller MILAN, Aug 27- Italian luxury group Salvatore Ferragamo may opt for smaller new stores in China as local consumers shop more online and abroad, its chief executive said on Thursday. Asia-Pacific is the biggest market for the Florentine shoemaker and sales there declined 4 percent at constant exchange rates in the first half of 2015, even though the brand's own...
Stock rally fading In Thursday's "Closing Bell Exchange," Erik Ristuben, Russell Investments; Steve Grasso, Stuart Frankel; and CNBC's Rick Santelli, discuss what currency and rate moves means for stocks.
Tech troubles, too? CNBC's Bob Pisani and Eamon Javers report that amid all the recent market swings, there has also been technical problems with trading and pricing.
UPDATE 1-Apple lines up Sept. 9 event, seen unveiling new iPhones SAN FRANCISCO, Aug 27- Apple Inc on Thursday invited journalists to a Sept. 9 event, where it is expected to unveil new iPhones and potentially a new version of its Apple TV set-top box. Cross Research analyst Shannon Cross said she was also expecting a faster processor on iPhones. When users posed the question in the invitation to Siri on their iPhones, Siri threw...
A look at Macy's outlet stores NEW YORK- Macy's has an answer to T.J. Maxx and other stores that sell deeply discounted designer brands. The department store chain, which is set to open its previously announced "Macy's Backstage" discount stores this fall in the New York City area, gave The Associated Press an early look at one of its new outlet stores. The store, which is opening next week in...
Source: The Associated Press
| By: By ANNE D'INNOCENZIO, AP Retail Writer