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U.S. stocks rallied, as the S&P 500 rebounded from a nine-week low, after data showed durable-goods orders and home sales increased more than forecast. More>> Confidence among consumers climbed to the highest level in 5 years, an indication spending will probably accelerate. The Conference Boards index rose to 81.4, as the forecasts pointed for 75.1. More>> Barnes & Noble Inc. (BKS) sank (-17.06%) after posting a loss that was twice as wide as analysts estimated and said it would stop making tablets as the digital units sales plummet. More>>
SSE halted a 2-day sell-off on Tuesday on rumors that the central bank will hold a press conference with financial regulators to address liquidity conditions. Nikkei resumed its volatile trend to enter negative territory following a 1% spike earlier in the session on worries over China's banking system. More>> System outages at several Chinese banks since the weekend have worsened concerns amongst the public about a credit crunch, after the central bank tightened the availability of funds in the banking system as it tries to rein in informal lending. More>>
OIL (WTI 95.16 $/bbl; +0.33% / Brent 101.19 $/bbl; +0.11%): Oil rose for a second day as U.S. durable goods orders gained more than forecast in May. More >> GOLD (1276.05 $/oz t; -0.56%): Gold slid for a second straight day as signs of improving U.S. economic growth boosted speculation that the Federal Reserve will end its stimulus program. More >> NATURAL GAS (3.683 $/MMBtu; -1.94%): Natural gas prices fell after weather forecasting models predicted below-normal temperatures to arrive in the eastern half of the U.S. More >>
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