U.S. Stocks On Track for Monthly Gains
Continue Reading Below
The Dow Jones Industrial Average extended its gains after a series of strong corporate results propelled the blue-chip index to a record at the end of last week.
Dollar's Fall Threatens Foreign Stock Markets
A surprise fall in the dollar is taking the fizz out of international stock markets and prompting investors to damp overseas expectations for the months ahead.
Fed's Fischer Says Low Global Real Interest Rates Important to Economic Environment
Federal Reserve Vice Chairman Stanley Fischer warned that the low level of the so-called natural rate of interest "sends a powerful signal that the growth potential of the economy may be limited."
Continue Reading Below
Pending Home Sales Rose 1.5% in June
The National Association of Realtors' pending home sales index, which tracks signings for purchases of previously owned homes, increased 1.5% from a month earlier to 110.2, the trade group said. Economists surveyed had expected sales to tick up 0.7% in June.
Oil Lower as Rally Fades
Oil prices turned lower Monday, after U.S. crude futures briefly broke above $50 a barrel for the first time since May, as a rally ran out of steam.
Eurozone's Low Unemployment, Inflation Raise Questions for ECB
The eurozone's unemployment rate has fallen to its lowest level in more than eight years, but inflation is unchanged-highlighting the challenge at the heart of the European Central Bank's decision on dialing down its stimulus programs.
Chicago PMI Falls in July
A reading for business activity across the Midwest fell in July to its lowest level in three months, according to a report Monday. The Chicago Business Barometer, also known as the Chicago PMI, fell to 58.9 in July from 65.7 in June.
Texas Manufacturing Activity Rises at Faster Pace in July
Manufacturing activity across Texas rose at a faster pace in July from the previous month, according to a report Monday.
Beijing's Capacity-Cut Talk Stokes China's Metals Markets
Beijing's renewed vows to slash steel capacity triggered a big rally in Chinese metals futures Monday, again highlighting the government's ability to move markets-but also raising concern that prices have become overextended.
Commerce Secretary Says Trump's Steel Protection Plan Has Stalled
President Donald Trump's pledge to provide big import protection to U.S. steelmakers has gotten bogged down in "complexity," with no clear deadline for completion, Commerce Secretary Wilbur Ross told Congress.
(END) Dow Jones Newswires
July 31, 2017 13:15 ET (17:15 GMT)