S.africa Stocks Recover After U.s. Data, Mtn Extends Gains – Yahoo News

Stocks Moving Mostly Higher In Mid-Day Trading – U.S. Commentary – NASDAQ.com

U.S. nonfarm productivity rebounded more strongly than expected in the second quarter, putting a lid on wage pressures and giving the Federal Reserve room to keep interest rates low for the time being. The market ended mixed after falling two sessions on the trot, with the benchmark Top-40 index adding 0.06 percent to 45,561 while the wider http://www.todayhotstocks.com/ All-share index shaved off 0.01 percent as African Bank continued its spectacular fall. Wireless carrier MTN Group lead advancers, extending gains from the previous day when it reported a 9 percent rise in first-half profit, as strong demand for its high-margin data services offset slow voice growth at home. MTN added 3.9 percent to 232.35 rand, making it the best performer among blue chips.
Source: http://news.yahoo.com/africa-stocks-recover-u-data-mtn-extends-gains-153822960.html

WALL STREET: Stocks close higher on hopes of easing tensions between Ukraine and Russia | abc7news.com

The Dow is up 83.97 points or 0.5 percent at 16,452.24, the Nasdaq is up 14.68 points or 0.3 percent at 4,349.64 and the S&P 500 is up 9.29 points or 0.5 percent at 1,918.86. Stocks may be benefiting from optimism about a potential de-escalation of the crisis in eastern Ukraine following comments from Nikolai Patrushev, Secretary of the Russian Security Council. Patrushev told Russian news agency RIA Novosti that Russia is ready to mediate talks between the Ukrainian government and pro-Russian separatists. “We are interested in peace in Ukraine and in bringing the sides to the negotiating table so that they could settle their disputes,” Patrushev told RIA in an interview. “Russia will continue to make every effort for the soonest de-escalation of tensions.” He added, “As for mediation, of course, we are ready to assist in the process of the discussion and we have said so on numerous occasions.” The upbeat news out of Russia helped offset concerns generated by news that President Barack Obama authorized U.S.
Source: http://www.nasdaq.com/article/stocks-moving-mostly-higher-in-midday-trading–us-commentary-20140808-00482

Stocks rise in midday trading – MoneySmart – The Buffalo News

Its pretty distant. Weve had a big selloff since the highs in July and in my estimations, this has been a pretty orderly retreat spurred by overstretched market conditions. The S&P 500 has dropped 3.5 percent from a record on July 24 as Russia amassed troops along Ukraines border and as conflict escalated between Israel and Hamas. The index fell 0.6 percent yesterday, closing below its 100-day moving average for the first time since April. The Dow has bounced back after touching its average price in the past 200 days on Thursday. The S&P 500 has gone without a 10 percent correction since 2011.
Source: http://www.buffalonews.com/business/stocks-rise-in-midday-trading-20140808

GEOPOLITICAL JITTERS: Two F/A-18 fighters flying off the aircraft carrier USS George HW Bush in the Persian Gulf dropped two laser-guided 500-pound bombs on an Islamic State artillery piece and the truck towing it, according to a military spokesman. The move follows President Obama’s authorization on Thursday of airdrops of humanitarian aid and airstrikes to counter advancing Sunni radical militants. Investors are also keeping an eye on Ukraine and Gaza, where a three-day cease-fire came to an end. In addition, the World Health Organization on Friday declared the Ebola outbreak in West Africa to be an international public health emergency that requires an extraordinary response to stop its spread.
Source: http://www.latimes.com/business/la-fi-wall-street-20140808-story.html?track=rss

Stocks mixed in early trading – LA Times

The Standard & Poor’s 500 index rose 22 points, or 1.2 percent, to 1,931. The Nasdaq composite rose 35 points, or 0.8 percent, to 4,370. The gain in the S&P 500 was the biggest since Mar. 4 and turned the index higher for the week. Lululemon rose 3 percent after the company’s founder agreed to sell half his stake as part of a deal to avert a battle for control.
Source: http://abc7news.com/business/stocks-end-week-higher-on-ukraine-news/152263/

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