Here Are 3 Hot Things to Know About Stocks Right Now
- The Dow Jones Industrial Average finished higher Thursday after global bond yields eased from multiyear lows following stronger-than-expected export data from China, sending investors back to risk markets.
- Lyft (LYFT) shares climbed after the ride-sharing company posted a narrower-than-expected second-quarter loss and raised its full-year revenue forecast. Lyft is Real Money's Stock of the Day.
- Roku (ROKU - Get Report) shares surged after the media streaming platform posted a narrower-than-expected second-quarter loss, its user based topped 30 million and pricing improved.
Wall Street Overview
Stocks rose Thursday, recovering most of the week's losses, after global bond yields eased from multiyear lows following stronger-than-expected export data from China, sending investors back to risk markets worldwide.
The Dow Jones Industrial Average finished up 371 points, or 1.43%, to 26,378. The S&P 500 rose 1.88%, while the Nasdaq was up 2.24%.Chevron ( CVX - Get Report) , Microsoft ( MSFT - Get Report) and Visa ( V - Get Report) led the Dow's advance.
China's exports in July rose 3.3% from last year while imports slowed by 5.6% amid weakening domestic demand and a broader consumer push for made-in-China goods. China's U.S. exports fell 6.5% from last year and its trade surplus narrowed to $27.97 billion.
However, China's year-to-date trade surplus with the U.S. totaled $168.5 billion, the highest on record even in the face of tariffs that affect nearly $250 billion in goods from Beijing.