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Wall Street on a roll...Reports due on weekly jobless claims, housing starts

Thursday - 7/17/2014, 7:39am  ET

UNDATED (AP) -- Investors are hoping for another good day on Wall Street. The major stock indexes rebounded yesterday to finish higher for the third time in four days. The S&P 500 gained eight points, closing at 1,981. The Dow added 77 1/2 points, ending the day at 17,138, its second record close this month. And the Nasdaq rose 9 1/2 points to 4,425. Futures point to a slightly lower opening.

SEOUL, South Korea (AP) -- International stock markets slipped today as most major Asian exchanges abandoned modest gains and European stock markets opened lower in early trading ahead of more U.S. economic data and corporate earnings reports. Benchmark U.S. crude oil rose above $102 a barrel. The dollar fell against the euro and the yen.

UNDATED (AP) -- There are two government economic reports due out today. One concerns weekly jobless claims and the other relates to housing starts in June. Freddie Mac will also release weekly mortgage rates. UnitedHealth Group, Morgan Stanley and Philip Morris International will report quarterly earnings before the market opens. Capital One and Google report after the closing bell.

MOSCOW (AP) -- Russia's President Vladimir Putin has lamented the latest round of U.S. sanctions against his country. He says they are stalemating bilateral relations and hurting not only Russian but also American businesses. The foreign ministry calls the sanctions bullying.

SYDNEY (AP) -- One of the world's worst greenhouse gas emitters per capita has repealed a much-maligned carbon tax on the nation's worst polluters. Australia's Senate voted 39 to 32 to axe the tax that was introduced by the center-left Labor government in July 2012. Conservative lawmakers burst into applause as the final tally was announced. The opposition calls it environmental vandalism.


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