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I SPY a Broad ETF Comeback

With the ongoing crackdown on leveraged funds, expect simpler, broad index-based ETFs to make a return to prominence.

Nazz Parties Like It's 1992

Upbeat news on earnings, housing and employment sends the Nasdaq to its longest winning streak in 17 years and the Dow past 9000. Gregg Greenberg reviews the big move in The Real Story.

Thursday's Headlines: AT&T, 3M

Thursday's early headlines include earnings from AT&T, 3M, McDonald's, JetBlue Airways, Ford, and UPS

Overnight News on July 23

A sampling of early-morning stories you may have missed.

Bristol-Myers Bolsters Biologics in Medarex Buy

Bristol-Myers is buying biotech firm Medarex for $2.1 billion to bolster the U.S. drugmaker's drug pipeline and capability to produce biologic drugs.

Breaking News

Gap Stock Plummets On Wider Q1 Loss, Grim Profit Outlook As Shoppers Shun Casual Apparel

"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.

Big Lots Stock Crumbles After Surprise Q1 Loss As Inflation, Gas Price Surge Bites Spending

"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.

Costco Beats Q3 Sales Forecast, Membership Revenues Near $1 Billion

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.