Dow breaks record as Wall Street ends mixed

Networking and semiconductor stocks also saw considerable weakness, contributing to the drop by the tech-heavy Nasdaq.

All four indexes closed at record highs Tuesday. The Standard & Poor's 500 index lost 5 points, or 0.2 percent, to 2,360. (XOM) rose 1.1%, while shares of Transocean Ltd. (RIG) gained 5% and Valero Energy Corp.(VLO) advanced 1.3%. Bristol-Myers stock has plunged as investors worry that its lung cancer drug Opdivo will lose sales to other treatments.

Kraft Heinz shares were the top drag on the S&P, falling 3.7 percent after the company walked away from its $143 billion offer to buy Unilever, a day after the Anglo-Dutch company rejected the proposal.

China's main share indexes rose for a third day approaching three-month highs, though gains were capped as speculators sold some recently-listed financial sector stocks. The company forecast greater costs, and it also took $970 million in charges that are related to expenses at a mine it is closing. The major index futures are now pointing to a higher open for the markets, with the Dow futures up by 36 points.

OIL: Energy companies traded lower as benchmark USA crude lost 74 cents, or 1.4 percent, to $53.59 a barrel in NY.

West Texas Intermediate and Brent crude were up 1.3% to $54.33 a barrel and $56.57. Its stock gave up $1.96, or 5.2 percent, to $35.48. Crude oilclimbed 1.4%, shrugging off data that showed crude inventories rose by 600,000 barrels in the latest week, a bearish sign for demand. Other homebuilders including Lennar and PulteGroup made smaller gains. Chair Janet Yellen indicated that is likely if the job market remains healthy and inflation keeps rising. Revenue for Papa John's worldwide wasn't as good as investors hoped, and its shares gave up $7.36, or 8.6 percent, to $78.27. Though higher rates tend to weigh on stocks, the Fed's confidence and broader optimism about the economy have buoyed markets.

BONDS: Bond prices rose. The yield on the 10-year Treasury note fell to 2.41% from 2.43% late Tuesday. Against the euro, the dollar is valued at $1.0584 compared to yesterday's $1.0558.

Exxon Mobil gained one percent while Chevron added 0.6 per cent and ConocoPhillips rose 0.4 per cent.

OVERSEAS: Britain's FTSE 100 was up 0.1 percent and France's CAC 40 shed 0.4 percent.

In Japan, the Nikkei 225 traded down 0.35%, while across the Korean Strait, the Kospi was fractionally lower at 2,106. Hong Kong's Hang Seng index jumped 1 percent.

(Copyright © 2015. All Rights Reserved.)

Flood evacuations underway in San Jose
City officials set up temporary evacuation shelters at James Lick High School, along with Mayfair and Shirakawa community centers. But other family members in the same apartment complex on 20th Street stayed behind, hoping the water would stay away.

How Often Does Toll Brothers, Inc. (TOL) Beat Earnings Estimates?
The stock exchanged hands with 1,862,000 shares higher as compared to its average daily volume of 1.27M shares. Wedbush's Jay McCanless reiterated a Neutral rating on the stock and $32 price target following the report.

What investors expect from Tesla's earnings Wednesday evening
Normally this spread should be in positive territory, indicating that analysts expect an investment's value to increase over time. It may be hard to determine how much it impacted Tesla's numbers unless management provides specific information on SolarCity.

5G is coming in 2017 as Verizon announces test program
The move is another step by Verizon toward making its 5G service market-ready. Verizon will begin tests during the first half of this year.

Romania, South Korea concerned about N Korea missile test
Then-President Barack Obama had signed an executive order targeting the North's mining and other industries in March past year . However, it made exceptions for deliveries intended for "the people's wellbeing" and not connected to the weapons programs.

Hungary to Withdraw Olympic Bid
The announcement comes just months before the International Olympic Committee (IOC) is due to announce the victor on September 13. The referendum drive also drew the support of some other opposition parties.

Authorities investigate vandalism at University City Jewish cemetery
Sarsour of MPower Change and El-Messidi of CelebrateMercy organized the crowdfunding campaign to support the vandalized cemetery. Louis, on Tuesday to determine whether the graves of their loved ones were among the dozens tampered with over the weekend, St.

How to use Instagram's new slideshow feature
That was one of the key reasons Instagram launched Stories, the photo and video montages that disappear after 24 hours. There is a trade-off when including multiple photos or videos in a carousel: no landscape photos or vertical videos.

Gov. Brownback follows through on tax increase veto
He's long touted the 2012 and 2013 tax cuts as pro-growth policies that are models for other states and the federal government. Some top Republicans lawmakers have said the governor's proposals collectively don't represent a permanent budget fix.

Iraqi government-sanctioned militias in push to take villages west of Mosul
Mosul fell to IS in the summer of 2014, along with large swaths of northern and western Iraq. Secretary of Defense James Mattis arrived in Baghdad on Monday on an unexpected visit.

Sutton midfielder makes surprise revelation ahead of Arsenal clash
The early part of the game saw both teams failing to create any meaningful scoring opportunities. Sportsmail brings you all the build-up to what should be a classic FA Cup tie on Monday night...

Rockets from Sinai hit Israel, no casualties: army
It was clear that Liberman's allusion was a response to the recent rocket attack launched from Sinai towards Israeli territories. At least two rockets fired from the Sinai Peninsula struck an open field in southern Israel on Monday morning.

Was Le Pen's refusal to wear a headscarf a media stunt?
But upon arriving for the meeting, she said she was surprised to be told a headscarf was required and refused to wear the garment. Photos of Le Pen with Ahmed Tayeb in 2015 in Cairo show her with the cleric with her hair uncovered.

Rob Manfred: No rule changes in 2017, but 2018 could be different
The rule, like the proposed change to extra innings where teams would start with a runner on second, is created to speed up games. Last season, there were 932 intentional walks which could eliminate an estimated minute of dead time .

Dylann Roof stopped at second church after Charleston shooting
Defense attorneys argued there was no evidence to suggest Roof was going to continue his attack at another church. The details were not part of the federal case against Roof, who was last month sentenced to death.

More News

More News