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Wall St. ends flat after Yellen; tech shares bounce

NEW YORK The S&P 500 ended flat on Tuesday and the Nasdaq posted modest gains as technology shares bounced from sharp losses in the prior session and comments from Fed Chair Janet Yellen boosted expectations of a December rate hike.

Recent Business News

Fed's Yellen says gradual hikes should continue, despite weak inflation

CLEVELAND The Federal Reserve needs to continue gradual rate hikes despite broad uncertainty about the path of inflation, Fed Chair Janet Yellen said on Tuesday in remarks that acknowledged the central bank's struggles to forecast one of its key policy objectives.

3:42pm EDT

U.S. consumer confidence slips; new home sales hit eight-month low

WASHINGTON U.S. consumer confidence fell in September and home sales dropped to an eight-month low in August due to the impact of Hurricanes Harvey and Irma, supporting the view that the storms would hurt economic growth in the third quarter.

1:13pm EDT

Bombardier shares leap 14 percent ahead of U.S. trade court ruling

TORONTO Shares of Bombardier Inc rose as much as 13.6 percent on Tuesday ahead of a U.S. trade court's preliminary ruling on Boeing Co's CSeries aircraft dumping complaint.

3:53pm EDT

FCC finds 'effective competition' in U.S. wireless market

WASHINGTON A divided Federal Communications Commission on Tuesday approved a report that found for the first time since 2009 there is "effective competition" in the wireless market, a finding that could help Sprint Corp and T-Mobile US Inc to merge.

Tech, Deals 2:22pm EDT

JPMorgan scores partial win in $1.5 billion GM bankruptcy dispute

WILMINGTON, Del JPMorgan Chase & Co scored a partial victory on Tuesday in a long-running dispute over the repayment of a $1.5 billion loan it made to General Motors' bankrupt predecessor, known as 'Old GM'.

4:29pm EDT


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