Highlights

  • US markets have seen 7 weeks of straight losses
  • Dow is up 4.4%, the S&P 500 is 4% higher and the Nasdaq Composite is up 3.4% for the week so far

Latest news

21 teenagers found dead in South African nightclub

21 teenagers found dead in South African nightclub

Explained: Russia defaults on foreign debt for the first time since 1918

Explained: Russia defaults on foreign debt for the first time since 1918

On camera: 4 killed as stands collapse during Colombian bullfight

On camera: 4 killed as stands collapse during Colombian bullfight

Gaming and gambling same - GST council likely to slap 28% tax: reports

Gaming and gambling same - GST council likely to slap 28% tax: reports

World War II destroyer ship found, the deepest to be discovered

World War II destroyer ship found, the deepest to be discovered

Bulls are back: Markets set to snap losing streak

Batch of strong earnings from the retail sector boosted market sentiment

Dow rose for a fifth-straight trading day, adding more than 500 points, or 1.6%. The S&P 500 climbed about 2% and the Nasdaq Composite rose nearly 2.7%. Rebound seen on Wall Street after earnings indicated that demand remains resilient.

The Dow has fallen the last eight weeks, while the S&P 500 and Nasdaq are riding seven-week losing streaks. Dow is up 4.4%, the S&P 500 is 4% higher and the Nasdaq Composite is up 3.4% for the week so far

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