Nasdaq on Course for Third Straight Session of Gains
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Semiconductor stocks were among the best performers in the Nasdaq Composite, which gained 0.6%. Meanwhile, haven assets gave back some of Tuesday's advance as investors' risk appetite recovered.
U.S.'s Largest Refinery Shuts Due to Harvey Flooding
Tropical storm Harvey shut down a third Gulf Coast refining center Wednesday and is knocking on the door of a fourth, cutting even more deeply into the U.S. refining capacity.
Oil Gains as Harvey Returns Ashore
Oil prices wavered between gains and losses as Tropical Storm Harvey continued to dump rain along the Gulf Coast and forced the full shutdown of the nation's largest refinery.
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DTCC Halts Settlement Services on Venezuelan Bonds
The Depository Trust & Clearing Corp., one of the largest securities clearing houses in the U.S., said it would no longer settle Venezuela bond trades, the latest blow for investors in the South American nation in the wake of U.S. sanctions.
U.S. GDP Growth Revised Up to 3%
The U.S. economy expanded at its most robust pace in more than two years in the spring and appears to have momentum going into the second half of the year, supported by solid consumer spending and a pickup in business investment.
ADP: U.S. Private Sector Adds 237,000 Jobs in August
Hiring at private U.S. employers grew more than expected, according to a recent report, showing the economy continues to grow although concerns are mounting about labor shortages.
Bank of Mexico Boosts Growth Outlook for 2017
The Bank of Mexico said it expects the economy to grow at least 2% this year as global economic activity and trade have picked up, and the domestic market is proving resilient.
Fallout From Harvey to Disrupt Energy Markets Around the World
Tropical Storm Harvey is upending the flow of oil and petroleum all around the world-a consequence of the growing influence of the U.S. in the global energy industry.
Farm Incomes Seen Rising
U.S. farm incomes will rise in 2017, halting three consecutive years of decline, as a slump in crop and animal prices eases.
Republican Tax Plan Poses Risk to U.S. Bond Market
Republican plans to scale back tax deductions on corporate interest risks pushing more borrowing overseas, say experts and market participants, eroding the competitive advantage of the mammoth U.S. bond market.
(END) Dow Jones Newswires
August 30, 2017 15:15 ET (19:15 GMT)