On Wednesday, the Dow Jones industrial average rose 121.12 points, or 0.7 percent, to 17,751.39. The Standard & Poor’s 500 rose 15.32 points, or 0.7 percent, to 2,108.57 and the Nasdaq composite rose 22.53 points, or 0.4 percent, to 5,111.73.
Fed policymakers voted Wednesday to leave interest rates unchanged and gave no indication a rise was imminent.
Benchmark U.S. crude added 10 cents to $48.89 per barrel in electronic trading on the New York Mercantile Exchange. The contract jumped 81 cents to close at $48.79 on Wednesday. Brent crude, used to price international oils, gained 31 cents to $53.89 in London after rising 8 cents to $53.38 the previous session.
The dollar rose to 124.14 yen from Wednesday’s 123.90 yen. The euro edged down to $1.0970 from the previous session’s $1.0986.
Cemex SAB de CV (NYSE:CX) finished last trade at $8.51, gaining +1.79%. Trading volume recorded for this company was about 15.38 million shares as compared to its average volume of 11.94 million shares. The share price plunged almost -5.76% in the last one month while its 52 week high is $12.91. The company has the total of 12.46 billion outstanding shares while its market capitalization is now about $10.67 billion. Cemex SAB de CV (NYSE:CX) reported that it received an upgrade from Fitch Ratings to the Issuer Default Ratings (IDRs) to BB- from B+. According to Fitch Ratings, “the upgrade is supported by the strengthening of CEMEX’s capital structure during the past two years due to the conversion of about $820 million of convertible bonds to equity plus the refinancing of around $8.6 billion of debt that has lowered the company’s annual interest expense by approximately $200 million per year. Also factored into the improvement is the U.S. cement market, which has more than offset weakness in other divisions.”
Facebook Inc (NASDAQ:FB) closed at $96.99, up +1.78%, on volume of over 64.65 million shares. The share price fell -0.05% in the last 5 days. Facebook Inc (NASDAQ:FB) has an average trading volume of 30.72 million shares. In the time frame of the last one month, shares surged almost 13.04%. Its market capitalization was $267.60 billion. Facebook Inc (NASDAQ:FB) released financial results for the quarter ended June 30, 2015. “This was another strong quarter for our community,” said Mark Zuckerberg, Facebook founder and CEO. “Engagement across our family of apps keeps growing, and we remain focused on improving the quality of our services.”
Merck & Co Inc (NYSE:MRK) traded with +1.77% gain to $58.54 in the latest trading session. It captured $162.51 billion in market value. The total number of shares traded on the latest trading day was about 12.88 million shares. The day started out with an opening price of $57.69 and changed hands at price range of $57.64 to $58.82 apiece. Merck & Co Inc (NYSE:MRK) known as MSD outside the United States and Canada, recently publicized that Pamela J. Craig, retired chief financial officer of Accenture, and Dr. Paul B. Rothman, dean of the medical faculty, vice president for medicine of The Johns Hopkins University and chief executive officer of Johns Hopkins Medicine, will join the company’s board of directors, effective Sept. 1, 2015.
Visa Inc (NYSE:V) shares touched a high of $76.43 before closing at $76.05, an increase of +1.75%. The trading volume was 13.75 million shares. Its shares advanced about 14.99% since the start of year and have at 12.93% gain in last three months. Narrowing down the performance period, the stock rose 13.98% for the month. Visa Inc (NYSE:V) and Stripe, a mobile and online payment provider, announced a strategic partnership to support new technologies and online payment experiences for merchants, developers and consumers worldwide. Through this relationship, Stripe will accelerate its international expansion, particularly in emerging markets, accessing Visa’s global footprint through its acquiring and issuing partners. To support this growth and joint long-term initiatives, Visa has also made a strategic investment in Stripe.