Midday Report: Deutsche Bank Sees Wider Loss; Politics Makes for Jittery Trading

Investors appear hesitant over the unending barrage of news from Washington, D.C.

Author:: Keris Alison Lahiff
Publish date:: Feb 2, 2017 12:00 PM EST

U.S. stocks saw jittery trading for much of the morning before turning higher on Thursday. Investors appeared hesitant over the unending barrage of news from Washington. Yesterday, the White House threatened new sanctions against Iran and tensions rose with Australia over the refugee crisis.

Deutsche Bank (DB) - Get Report fell after posting a wider-than-expected loss over its fourth quarter. The bank also upped its litigation reserves to more than €7 billion ($7.6 billion) following investigations into its U.S. mortgage bonds and Russian money laundering.

Macy's (M) - Get Report jumped on reports the retailer has been approached about a potential sale. Activist Starboard Value is reportedly behind the push to consider its options and is angling for seats on the company's board.

Costco (COST) - Get Report climbed after reporting strong sales over January. Overall net sales increased 9%, while comparable-store sales increased 6% in the U.S. and 11% in Canada.