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Earnings lift Wall Street slightly at open Tuesday, July 29, 2014 8:43 am

A trader works on the floor of the New York Stock Exchange shortly after the market's opening in New YorkNEW YORK (Reuters) - U.S. stocks rose slightly at the open on Tuesday following better-than-expected results from companies such as Pfizer and Merck and ahead of data on consumer sentiment. The Dow Jones industrial average rose 24.25 points or 0.14 percent, to 17,006.84, the S&P 500 gained 2.96 points or 0.15 percent, to 1,981.87 and the Nasdaq Composite added 10.57 points or 0.24 percent, to 4,455.47. (Reporting by Chuck Mikolajczak; Editing by Bernadette Baum)


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A mixed quarter for bets on U.S. stock volatility Tuesday, July 29, 2014 9:39 am

Traders work on the floor of the New York Stock Exchange shortly after the market's opening in New YorkBy Ryan Vlastelica NEW YORK (Reuters) - With some of Wall Street's more volatile names set to report in the next couple of days, traders who bet on big swings in shares are hoping to see moves more like Facebook than Netflix. Netflix, along with Gilead Sciences and several other stocks famous for their sharp gyrations, were unusually calm following their latest quarterly reports.


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Rural votes, old traumas drive India's WTO brinkmanship Tuesday, July 29, 2014 7:52 am

A labourer spreads wheat for drying at a wholesale grain market in the northern Indian city of ChandigarhBy Manoj Kumar and Mayank Bhardwaj NEW DELHI (Reuters) - With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling. Modi triumphed in general elections only two months ago, but polls are never far away in the world's largest democracy and his Bharatiya Janata Party has its eyes already on new campaigns in the breadbowl states of Haryana and Maharashtra. "A strong stance in Geneva sends a message to the farmers and poor people that unlike the (last government), Modi can take on the global powers to safeguard the interests of rural India," said a party lawmaker, who declined to be named. Critics say India's brinkmanship threatens a deal that could add a trillion dollars to global prosperity and create 21 million jobs.


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Apple updates MacBook Pro laptops, cuts price of older model Tuesday, July 29, 2014 8:09 am

The Apple logo is pictured on the front of a retail store in the Marina neighborhood in San Francisco(Reuters) - Apple Inc said it updated its MacBook Pro line of laptops with a high-resolution Retina display, faster processors and higher memory for a starting price of $1,299. The world's largest technology company also lowered the price of its older 13-inch MacBook Pro by $100 to $1,099. Apple shares were up marginally in premarket trading on Tuesday, after closing at $99.02 on Monday on the Nasdaq. (Reporting by Supantha Mukherjee in Bangalore; Editing by Savio D'Souza)


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U.S. seasonally adjusted home prices fall in May: S&P/Case-Shiller Tuesday, July 29, 2014 8:23 am

A real state sign is seen near a row of homes in the Haight Ashbury neighborhood in San FranciscoU.S. single-family home prices fell in May on a seasonally adjusted basis, falling short of expectations calling for a slight gain, a closely watched survey said on Tuesday. The S&P/Case Shiller composite index of 20 metropolitan areas declined 0.3 percent in May on a seasonally adjusted basis. "Housing has been turning in mixed economic numbers in the last few months," said David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said in a statement.


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