U.S. Stocks Up, Led by Utilities, Real Estate Shares
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Dividend-paying stocks lifted the S&P 500, putting it on course for a fourth consecutive session of gains. The S&P 500 added 0.1%.
U.S. New-Home Sales Fell More Than Expected in April
New-home sales fell sharply in April after reaching a nine-year high the prior month, a possible sign of weaker demand after a run-up in prices.
Suicide Bomber Kills 22 at U.K. Concert; Islamic State Claims Responsibility
The suicide bomber who killed 22 people and injured dozens of others outside a pop concert in Manchester on Monday night hit one of the softest of soft targets - a mostly young crowd pouring from the exits at the end of the show.
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Trump Budget Would Cut Medicaid, Rely on Rosy Growth Projection
President Donald Trump's proposed $4.1 trillion spending blueprint amounts to a sweeping overhaul of the social safety net while projecting a big boost to economic growth that could be difficult to achieve.
Oil's OPEC Rally Reaches New Highs
Oil prices rose to fresh one-month highs Tuesday, extending a winning streak to five sessions on optimism that the coming OPEC meeting will result in more production cuts.
Greece Debt Deal on Slow Path as IMF and Germany Dig In
Germany and the IMF found a formula on Greek debt that Greece couldn't swallow: Let's talk again after the German elections.
Fed's Kashkari: Unclear if U.S. at Full Employment Amid Signs of Soft Inflation
Minneapolis Fed President Neel Kashkari said he has doubts the labor market is back to full strength, possibly signaling a desire to hold interest rates lower for longer.
Ratings Firms Issue Downgrades for Mall-Backed Debt
Bond rating companies are looking closer at securities tied to shopping mall debt, issuing downgrades for those backed by malls suffering from an anchor store closure and putting on watch malls with large stores such as Macy's, J.C. Penney and Sears, even if the stores remain open.
Richmond Fed: Manufacturing Firms Less Upbeat Than in Recent Months
Manufacturing activity at factories across the central Atlantic states was less upbeat in May than in recent months, according to a report Tuesday.
Market Regulator Requests Modest Budget Increase
The Commodity Futures Trading Commission is requesting a modest increase in funding for the 2018 fiscal year, a departure from Obama administration's requests for significant boosts to the market regulator.
(END) Dow Jones Newswires
May 23, 2017 13:15 ET (17:15 GMT)