Reuters - Video

EDITION: U.S. | U.K. | IN

Personal Finance

Nasdaq closes at 14-year high

Monday, Aug 18, 2014 - 02:23

The Nasdaq closes above 4500 for the first time since 2000, as tensions seemed to cool in Ukraine, and a new bidder, Dollar General, emerged for discounter Family Dollar. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

U.S. Markets started the week off strong- The Nasdaq closing at a 14 year high, above 4500 for the first time since March of 2000. The Dow adding more than one percent- as tensions in Ukraine seem to cool. Gold was down and the dollar rose. Oil hit a 14-month low. Mergers also in the news- Discount retailer Dollar General has offered to buy Family Dollar for close to $9 billion dollars- that works out to $4 higher than the existing bid from Dollar Tree. Shares of Dollar General and Family Dollar rose- though Dollar Tree fell. Housing stocks moved higher- the National Association of Home Builders Wells Fargo Housing Market index showed August homebuilder sentiment rose to its highest level since January It's been a good earnings season. According to Thomson Reuters data through Monday, of the 467 companies in the S&P 500 that have reported earnings, 67.9 percent have topped analyst expectations, besting the 63 beat rate since 1994 and the 67 percent rate for the past four quarters. Sources tell Reuters Procter & Gamble is working with advisors- including Goldman Sachs- to possibly sell off some of its underperforming brands. Nothing is for sure yet but sources told Reuters they could include Duracell and Braun shavers. Buyers could include private equity firms. Shares of P&G were higher on Monday. Community Health Systems, one of the biggest U.S. hospital groups, says it was the victim of a cyber attack from a sophisticated hacking group in China. Social Security numbers and personal data belonging to 4.5 million patients were stolen- the biggest attack of this type since the U.S. Department of Health and Human Services website started keeping track back in 2009. Paramount pictures "Teenage Mutant Ninja Turtles" topped the weekend box office- beating Disney's "Guardians of the Galaxy" in a battle of superhero misfits. 20th Century Fox's R-rated comedy "Let's Be Cops" came in third. Shares of the companies behind those movies all rose in Monday's trading. Euro markets were higher- on what appears to be easing tension between Ukraine and Russia.

Nasdaq closes at 14-year high

Monday, Aug 18, 2014 - 02:23

Top News »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)