The Dow was up 152.92 points, or 0.77 percent, at 19,915.52
S&P 500 e-minis were up 15.25 points, or 0.68%, with 153,651 contracts traded
The Dow Jones Industrial Average was down 10.92 points, or 0.05%, at 19,963.7
The blue-chip index has been threatening to breach the historic mark for the last several days
S&P 500 rose 3.8% in the five days, while the Dow rallied 959.38 points for its best week since 2011
Brent crude prices fell as traders booked profits on a rally underpinned by an OPEC agreement to reduce output for the first time in eight years to address global oversupply
The selloff has long been predicted by bears, who saw it as a fitting end to a stretch of unprecedented complacency
Analysts said it's possible for the Fed to hike interest rates as soon as September
The index for all items less food and energy rose 0.1% in July, but posted its smallest increase since March
US stocks slipped amid tepid consumer spending data, joining declines in equities around the world as oil's plunge into a bear market and struggles at European lenders added to global growth concerns. The yen strengthened after Japan's fiscal plan underwhelmed investors.The S&P 500 Index headed for its first back-to-back losses in more than a month, with retailers pacing declines after data showed American consumers tapped into savings to increase spending last month. European shares slid as Commerzbank tumbled after scrapping its profit target. Japanese equities fell the most in almost four weeks and the yen reached a three-week high versus the dollar. Weak demand at a bond auction in Japan sparked a global selloff. Oil edged higher. The four-week advance in global equities has faltered as crude's 22 per cent rout since June rekindled concern about worldwide growth at the same time that European lenders have come under scrutiny over the strength of their balance sheets. Central ba
US Federal Reserve kept federal funds rate unchanged, reiterating it continues to closely monitor inflation indicators and global economic and financial developments
The aftershocks of the UK's vote to leave the European Union reverberated across financial markets after a weekend of political turmoil, with the pound extending its record selloff and European equities dropping to levels last seen in February. The S&P 500 dropped 1.6 per cent to the lowest since mid-March, while the slide in Europe's equity benchmark reached 11 per cent over two days, the most since 2008 as bank shares tumbled. Sterling fell below Friday's lows with a 3.6 per cent slide to the weakest since 1985, while the dollar strengthened with the yen. Demand for haven assets boosted gold, and Treasury 10-year yields approached an almost four-year low.The S&P 500 fell to 2,002.50 at 12:16 p.m. in New York, sliding below its average price for the past 200 days after Friday plunging the most in 10 months. The odds of a Fed interest rate increase by February plunged to about 10 percent from 52 per cent on Thursday. Commodities producers led losses with a rout of 3.5 per cent,
Wall Street opened lower, but was little changed with the S&P 500 not far from an eight-week high hit Tuesday
A rebound in oil prices in the final two weeks of February helped stabilise equity markets
Stocks across the globe fell the most in three weeks on Wednesday. US stocks dropped more than 1 per cent on Wednesday, dragged down by financial stocks, a day after JPMorgan signalled a rough first quarter and oil prices continued to fall. All 10 major S&P sectors were lower, led by the 1.8 percent decline in financials, already the worst performing sector this year. JP Morgan was down 2.3 percent at $54.81 after the bank forecast double-digit declines in investment banking revenue and raised its provisions for energy loan losses. The bank's warning weighed on other lenders, which are bracing for defaults from oil and gas companies and face the brunt of volatile financial markets.In currency markets the yen, often sought by investors as a shelter when riskier assets are under pressure, hit an almost three-year high against the euro of 122.43 yen.
Losses on Thursday and Friday did little to overturn an advance that was led by banks, oil companies and other beaten-down industries