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US indexes move higher; Amazon gains, Macy’s drops

KDWN

NEW YORK (AP) — A modest gain for the stock market on Wednesday tugged the Dow Jones industrial average back into the black for the year as investors set aside concerns about Ukraine, Iraq and earnings, at least for a day.

Amazon led the gains in light trading, despite a mixed batch of economic and corporate news. The gains were broad but thin. Three companies rose for every one that fell on the New York Stock Exchange, and all 10 sectors in the S&P 500 ended higher.

“This is a very resilient market,” said Uri Landesman, president of Platinum Partners, a hedge fund in New York.

Markets have turned choppy in recent weeks as investors have weighed a host of concerns. At times, worries over global conflicts and Europe’s economy have overshadowed signs of steady growth in the U.S. economy and rising corporate profits. Landesman pointed to plenty of reasons for traders to ditch stocks this summer, including high prices.

“We’re getting through the summer and the market is still pretty close to its high,” he said. “It shows you the trend is still upward.”

Amazon, the online retail giant, unveiled a new payment system for mobile phones. The device, called Amazon Local Register, is aimed at helping small businesses accept payments through smartphones and tablets. Amazon’s stock gained $6.96, or 2 percent, to $326.28.

The S&P 500 rose 12.97 points, or 0.7 percent, to end at 1,946.72. The Dow gained 91.26 points, or 0.6 percent, to 16,651.80, the first time in August that the 30-stock average has been in positive territory for the year.

The tech-heavy Nasdaq composite climbed 44.87 points, or 1 percent, to 4,434.13.

Of the handful of companies reporting quarterly results on Wednesday, a few well-known names warned of sliding sales and shrinking profits. Macy’s turned in results that fell short of Wall Street’s forecasts. The department store chain also cut its full-year outlook for sales, saying it couldn’t make up from a shortfall at the start of the year when winter storms kept shoppers at home. The company’s stock dropped $3.29, or 6 percent, to $56.47.

Deere & Co., the country’s largest maker of farm equipment, said weak sales will likely cut into its earnings for the entire year. Deere dropped $1.99, or 2 percent, to $84.49.

King Digital Entertainment, maker of the “Candy Crush Saga” video game, plunged 23 percent. The company reported second-quarter sales that came up short of estimates and also cut its full-year earnings forecast. King’s stock lost $4.21 to $13.99.

Despite some high-profile misses, however, overall corporate results for the second quarter have looked solid. With the earnings season drawing to a close, seven out of 10 companies in the S&P 500 have posted stronger profits than analysts projected, according to S&P Capital IQ. Quarterly earnings are on track to climb 10 percent over the year before. That’s much better than the 3 percent increase companies reported for the first quarter of 2014.

The Commerce Department said Wednesday that retail sales edged up by a tiny amount compared with the prior month. A separate report said businesses continued adding to their stockpiles in June. A greater amount of goods on store shelves and in warehouses reflects optimism about future demand.

In other trading, Germany’s DAX gained 1.4 percent, while France’s CAC 40 rose 0.8 percent. Britain’s FTSE 100 inched up 0.4 percent. All three indexes have slumped more than 1 percent this month.

In the U.S. government bond market, the yield on the 10-year Treasury note was 2.42 percent, just shy of its low for the year and a drop from 2.45 percent late Tuesday. U.S. crude oil rose 22 cents to $97.59 a barrel in New York.

Elsewhere, gold rose $3.90 to $1,314.50 an ounce, silver slipped 6 cents to $19.85 an ounce and copper fell four cents to $3.11 a pound.

US indexes move higher; Amazon gains, Macy’s drops

KDWN

NEW YORK (AP) — A modest gain for the stock market on Wednesday tugged the Dow Jones industrial average back into the black for the year as investors set aside concerns about Ukraine, Iraq and earnings, at least for a day.

Amazon led the gains in light trading, despite a mixed batch of economic and corporate news. The gains were broad but thin. Three companies rose for every one that fell on the New York Stock Exchange, and all 10 sectors in the S&P 500 ended higher.

“This is a very resilient market,” said Uri Landesman, president of Platinum Partners, a hedge fund in New York.

Markets have turned choppy in recent weeks as investors have weighed a host of concerns. At times, worries over global conflicts and Europe’s economy have overshadowed signs of steady growth in the U.S. economy and rising corporate profits. Landesman pointed to plenty of reasons for traders to ditch stocks this summer, including high prices.

“We’re getting through the summer and the market is still pretty close to its high,” he said. “It shows you the trend is still upward.”

Amazon, the online retail giant, unveiled a new payment system for mobile phones. The device, called Amazon Local Register, is aimed at helping small businesses accept payments through smartphones and tablets. Amazon’s stock gained $6.96, or 2 percent, to $326.28.

The S&P 500 rose 12.97 points, or 0.7 percent, to end at 1,946.72. The Dow gained 91.26 points, or 0.6 percent, to 16,651.80, the first time in August that the 30-stock average has been in positive territory for the year.

The tech-heavy Nasdaq composite climbed 44.87 points, or 1 percent, to 4,434.13.

Of the handful of companies reporting quarterly results on Wednesday, a few well-known names warned of sliding sales and shrinking profits. Macy’s turned in results that fell short of Wall Street’s forecasts. The department store chain also cut its full-year outlook for sales, saying it couldn’t make up from a shortfall at the start of the year when winter storms kept shoppers at home. The company’s stock dropped $3.29, or 6 percent, to $56.47.

Deere & Co., the country’s largest maker of farm equipment, said weak sales will likely cut into its earnings for the entire year. Deere dropped $1.99, or 2 percent, to $84.49.

King Digital Entertainment, maker of the “Candy Crush Saga” video game, plunged 23 percent. The company reported second-quarter sales that came up short of estimates and also cut its full-year earnings forecast. King’s stock lost $4.21 to $13.99.

Despite some high-profile misses, however, overall corporate results for the second quarter have looked solid. With the earnings season drawing to a close, seven out of 10 companies in the S&P 500 have posted stronger profits than analysts projected, according to S&P Capital IQ. Quarterly earnings are on track to climb 10 percent over the year before. That’s much better than the 3 percent increase companies reported for the first quarter of 2014.

The Commerce Department said Wednesday that retail sales edged up by a tiny amount compared with the prior month. A separate report said businesses continued adding to their stockpiles in June. A greater amount of goods on store shelves and in warehouses reflects optimism about future demand.

In other trading, Germany’s DAX gained 1.4 percent, while France’s CAC 40 rose 0.8 percent. Britain’s FTSE 100 inched up 0.4 percent. All three indexes have slumped more than 1 percent this month.

In the U.S. government bond market, the yield on the 10-year Treasury note was 2.42 percent, just shy of its low for the year and a drop from 2.45 percent late Tuesday. U.S. crude oil rose 22 cents to $97.59 a barrel in New York.

Elsewhere, gold rose $3.90 to $1,314.50 an ounce, silver slipped 6 cents to $19.85 an ounce and copper fell four cents to $3.11 a pound.

US indexes move higher; Amazon gains, Macy’s drops

KDWN

NEW YORK (AP) — A modest gain for the stock market on Wednesday tugged the Dow Jones industrial average back into the black for the year as investors set aside concerns about Ukraine, Iraq and earnings, at least for a day.

Amazon led the gains in light trading, despite a mixed batch of economic and corporate news. The gains were broad but thin. Three companies rose for every one that fell on the New York Stock Exchange, and all 10 sectors in the S&P 500 ended higher.

“This is a very resilient market,” said Uri Landesman, president of Platinum Partners, a hedge fund in New York.

Markets have turned choppy in recent weeks as investors have weighed a host of concerns. At times, worries over global conflicts and Europe’s economy have overshadowed signs of steady growth in the U.S. economy and rising corporate profits. Landesman pointed to plenty of reasons for traders to ditch stocks this summer, including high prices.

“We’re getting through the summer and the market is still pretty close to its high,” he said. “It shows you the trend is still upward.”

Amazon, the online retail giant, unveiled a new payment system for mobile phones. The device, called Amazon Local Register, is aimed at helping small businesses accept payments through smartphones and tablets. Amazon’s stock gained $6.96, or 2 percent, to $326.28.

The S&P 500 rose 12.97 points, or 0.7 percent, to end at 1,946.72. The Dow gained 91.26 points, or 0.6 percent, to 16,651.80, the first time in August that the 30-stock average has been in positive territory for the year.

The tech-heavy Nasdaq composite climbed 44.87 points, or 1 percent, to 4,434.13.

Of the handful of companies reporting quarterly results on Wednesday, a few well-known names warned of sliding sales and shrinking profits. Macy’s turned in results that fell short of Wall Street’s forecasts. The department store chain also cut its full-year outlook for sales, saying it couldn’t make up from a shortfall at the start of the year when winter storms kept shoppers at home. The company’s stock dropped $3.29, or 6 percent, to $56.47.

Deere & Co., the country’s largest maker of farm equipment, said weak sales will likely cut into its earnings for the entire year. Deere dropped $1.99, or 2 percent, to $84.49.

King Digital Entertainment, maker of the “Candy Crush Saga” video game, plunged 23 percent. The company reported second-quarter sales that came up short of estimates and also cut its full-year earnings forecast. King’s stock lost $4.21 to $13.99.

Despite some high-profile misses, however, overall corporate results for the second quarter have looked solid. With the earnings season drawing to a close, seven out of 10 companies in the S&P 500 have posted stronger profits than analysts projected, according to S&P Capital IQ. Quarterly earnings are on track to climb 10 percent over the year before. That’s much better than the 3 percent increase companies reported for the first quarter of 2014.

The Commerce Department said Wednesday that retail sales edged up by a tiny amount compared with the prior month. A separate report said businesses continued adding to their stockpiles in June. A greater amount of goods on store shelves and in warehouses reflects optimism about future demand.

In other trading, Germany’s DAX gained 1.4 percent, while France’s CAC 40 rose 0.8 percent. Britain’s FTSE 100 inched up 0.4 percent. All three indexes have slumped more than 1 percent this month.

In the U.S. government bond market, the yield on the 10-year Treasury note was 2.42 percent, just shy of its low for the year and a drop from 2.45 percent late Tuesday. U.S. crude oil rose 22 cents to $97.59 a barrel in New York.

Elsewhere, gold rose $3.90 to $1,314.50 an ounce, silver slipped 6 cents to $19.85 an ounce and copper fell four cents to $3.11 a pound.

US indexes move higher; Amazon gains, Macy’s drops

KDWN

NEW YORK (AP) — A modest gain for the stock market on Wednesday tugged the Dow Jones industrial average back into the black for the year as investors set aside concerns about Ukraine, Iraq and earnings, at least for a day.

Amazon led the gains in light trading, despite a mixed batch of economic and corporate news. The gains were broad but thin. Three companies rose for every one that fell on the New York Stock Exchange, and all 10 sectors in the S&P 500 ended higher.

“This is a very resilient market,” said Uri Landesman, president of Platinum Partners, a hedge fund in New York.

Markets have turned choppy in recent weeks as investors have weighed a host of concerns. At times, worries over global conflicts and Europe’s economy have overshadowed signs of steady growth in the U.S. economy and rising corporate profits. Landesman pointed to plenty of reasons for traders to ditch stocks this summer, including high prices.

“We’re getting through the summer and the market is still pretty close to its high,” he said. “It shows you the trend is still upward.”

Amazon, the online retail giant, unveiled a new payment system for mobile phones. The device, called Amazon Local Register, is aimed at helping small businesses accept payments through smartphones and tablets. Amazon’s stock gained $6.96, or 2 percent, to $326.28.

The S&P 500 rose 12.97 points, or 0.7 percent, to end at 1,946.72. The Dow gained 91.26 points, or 0.6 percent, to 16,651.80, the first time in August that the 30-stock average has been in positive territory for the year.

The tech-heavy Nasdaq composite climbed 44.87 points, or 1 percent, to 4,434.13.

Of the handful of companies reporting quarterly results on Wednesday, a few well-known names warned of sliding sales and shrinking profits. Macy’s turned in results that fell short of Wall Street’s forecasts. The department store chain also cut its full-year outlook for sales, saying it couldn’t make up from a shortfall at the start of the year when winter storms kept shoppers at home. The company’s stock dropped $3.29, or 6 percent, to $56.47.

Deere & Co., the country’s largest maker of farm equipment, said weak sales will likely cut into its earnings for the entire year. Deere dropped $1.99, or 2 percent, to $84.49.

King Digital Entertainment, maker of the “Candy Crush Saga” video game, plunged 23 percent. The company reported second-quarter sales that came up short of estimates and also cut its full-year earnings forecast. King’s stock lost $4.21 to $13.99.

Despite some high-profile misses, however, overall corporate results for the second quarter have looked solid. With the earnings season drawing to a close, seven out of 10 companies in the S&P 500 have posted stronger profits than analysts projected, according to S&P Capital IQ. Quarterly earnings are on track to climb 10 percent over the year before. That’s much better than the 3 percent increase companies reported for the first quarter of 2014.

The Commerce Department said Wednesday that retail sales edged up by a tiny amount compared with the prior month. A separate report said businesses continued adding to their stockpiles in June. A greater amount of goods on store shelves and in warehouses reflects optimism about future demand.

In other trading, Germany’s DAX gained 1.4 percent, while France’s CAC 40 rose 0.8 percent. Britain’s FTSE 100 inched up 0.4 percent. All three indexes have slumped more than 1 percent this month.

In the U.S. government bond market, the yield on the 10-year Treasury note was 2.42 percent, just shy of its low for the year and a drop from 2.45 percent late Tuesday. U.S. crude oil rose 22 cents to $97.59 a barrel in New York.

Elsewhere, gold rose $3.90 to $1,314.50 an ounce, silver slipped 6 cents to $19.85 an ounce and copper fell four cents to $3.11 a pound.

US indexes move higher; Amazon gains, Macy’s drops

KDWN

NEW YORK (AP) — A modest gain for the stock market on Wednesday tugged the Dow Jones industrial average back into the black for the year as investors set aside concerns about Ukraine, Iraq and earnings, at least for a day.

Amazon led the gains in light trading, despite a mixed batch of economic and corporate news. The gains were broad but thin. Three companies rose for every one that fell on the New York Stock Exchange, and all 10 sectors in the S&P 500 ended higher.

“This is a very resilient market,” said Uri Landesman, president of Platinum Partners, a hedge fund in New York.

Markets have turned choppy in recent weeks as investors have weighed a host of concerns. At times, worries over global conflicts and Europe’s economy have overshadowed signs of steady growth in the U.S. economy and rising corporate profits. Landesman pointed to plenty of reasons for traders to ditch stocks this summer, including high prices.

“We’re getting through the summer and the market is still pretty close to its high,” he said. “It shows you the trend is still upward.”

Amazon, the online retail giant, unveiled a new payment system for mobile phones. The device, called Amazon Local Register, is aimed at helping small businesses accept payments through smartphones and tablets. Amazon’s stock gained $6.96, or 2 percent, to $326.28.

The S&P 500 rose 12.97 points, or 0.7 percent, to end at 1,946.72. The Dow gained 91.26 points, or 0.6 percent, to 16,651.80, the first time in August that the 30-stock average has been in positive territory for the year.

The tech-heavy Nasdaq composite climbed 44.87 points, or 1 percent, to 4,434.13.

Of the handful of companies reporting quarterly results on Wednesday, a few well-known names warned of sliding sales and shrinking profits. Macy’s turned in results that fell short of Wall Street’s forecasts. The department store chain also cut its full-year outlook for sales, saying it couldn’t make up from a shortfall at the start of the year when winter storms kept shoppers at home. The company’s stock dropped $3.29, or 6 percent, to $56.47.

Deere & Co., the country’s largest maker of farm equipment, said weak sales will likely cut into its earnings for the entire year. Deere dropped $1.99, or 2 percent, to $84.49.

King Digital Entertainment, maker of the “Candy Crush Saga” video game, plunged 23 percent. The company reported second-quarter sales that came up short of estimates and also cut its full-year earnings forecast. King’s stock lost $4.21 to $13.99.

Despite some high-profile misses, however, overall corporate results for the second quarter have looked solid. With the earnings season drawing to a close, seven out of 10 companies in the S&P 500 have posted stronger profits than analysts projected, according to S&P Capital IQ. Quarterly earnings are on track to climb 10 percent over the year before. That’s much better than the 3 percent increase companies reported for the first quarter of 2014.

The Commerce Department said Wednesday that retail sales edged up by a tiny amount compared with the prior month. A separate report said businesses continued adding to their stockpiles in June. A greater amount of goods on store shelves and in warehouses reflects optimism about future demand.

In other trading, Germany’s DAX gained 1.4 percent, while France’s CAC 40 rose 0.8 percent. Britain’s FTSE 100 inched up 0.4 percent. All three indexes have slumped more than 1 percent this month.

In the U.S. government bond market, the yield on the 10-year Treasury note was 2.42 percent, just shy of its low for the year and a drop from 2.45 percent late Tuesday. U.S. crude oil rose 22 cents to $97.59 a barrel in New York.

Elsewhere, gold rose $3.90 to $1,314.50 an ounce, silver slipped 6 cents to $19.85 an ounce and copper fell four cents to $3.11 a pound.

US indexes move higher; Amazon gains, Macy’s drops

KDWN

NEW YORK (AP) — A modest gain for the stock market on Wednesday tugged the Dow Jones industrial average back into the black for the year as investors set aside concerns about Ukraine, Iraq and earnings, at least for a day.

Amazon led the gains in light trading, despite a mixed batch of economic and corporate news. The gains were broad but thin. Three companies rose for every one that fell on the New York Stock Exchange, and all 10 sectors in the S&P 500 ended higher.

“This is a very resilient market,” said Uri Landesman, president of Platinum Partners, a hedge fund in New York.

Markets have turned choppy in recent weeks as investors have weighed a host of concerns. At times, worries over global conflicts and Europe’s economy have overshadowed signs of steady growth in the U.S. economy and rising corporate profits. Landesman pointed to plenty of reasons for traders to ditch stocks this summer, including high prices.

“We’re getting through the summer and the market is still pretty close to its high,” he said. “It shows you the trend is still upward.”

Amazon, the online retail giant, unveiled a new payment system for mobile phones. The device, called Amazon Local Register, is aimed at helping small businesses accept payments through smartphones and tablets. Amazon’s stock gained $6.96, or 2 percent, to $326.28.

The S&P 500 rose 12.97 points, or 0.7 percent, to end at 1,946.72. The Dow gained 91.26 points, or 0.6 percent, to 16,651.80, the first time in August that the 30-stock average has been in positive territory for the year.

The tech-heavy Nasdaq composite climbed 44.87 points, or 1 percent, to 4,434.13.

Of the handful of companies reporting quarterly results on Wednesday, a few well-known names warned of sliding sales and shrinking profits. Macy’s turned in results that fell short of Wall Street’s forecasts. The department store chain also cut its full-year outlook for sales, saying it couldn’t make up from a shortfall at the start of the year when winter storms kept shoppers at home. The company’s stock dropped $3.29, or 6 percent, to $56.47.

Deere & Co., the country’s largest maker of farm equipment, said weak sales will likely cut into its earnings for the entire year. Deere dropped $1.99, or 2 percent, to $84.49.

King Digital Entertainment, maker of the “Candy Crush Saga” video game, plunged 23 percent. The company reported second-quarter sales that came up short of estimates and also cut its full-year earnings forecast. King’s stock lost $4.21 to $13.99.

Despite some high-profile misses, however, overall corporate results for the second quarter have looked solid. With the earnings season drawing to a close, seven out of 10 companies in the S&P 500 have posted stronger profits than analysts projected, according to S&P Capital IQ. Quarterly earnings are on track to climb 10 percent over the year before. That’s much better than the 3 percent increase companies reported for the first quarter of 2014.

The Commerce Department said Wednesday that retail sales edged up by a tiny amount compared with the prior month. A separate report said businesses continued adding to their stockpiles in June. A greater amount of goods on store shelves and in warehouses reflects optimism about future demand.

In other trading, Germany’s DAX gained 1.4 percent, while France’s CAC 40 rose 0.8 percent. Britain’s FTSE 100 inched up 0.4 percent. All three indexes have slumped more than 1 percent this month.

In the U.S. government bond market, the yield on the 10-year Treasury note was 2.42 percent, just shy of its low for the year and a drop from 2.45 percent late Tuesday. U.S. crude oil rose 22 cents to $97.59 a barrel in New York.

Elsewhere, gold rose $3.90 to $1,314.50 an ounce, silver slipped 6 cents to $19.85 an ounce and copper fell four cents to $3.11 a pound.

US indexes move higher; Amazon gains, Macy’s drops

KDWN

NEW YORK (AP) — A modest gain for the stock market on Wednesday tugged the Dow Jones industrial average back into the black for the year as investors set aside concerns about Ukraine, Iraq and earnings, at least for a day.

Amazon led the gains in light trading, despite a mixed batch of economic and corporate news. The gains were broad but thin. Three companies rose for every one that fell on the New York Stock Exchange, and all 10 sectors in the S&P 500 ended higher.

“This is a very resilient market,” said Uri Landesman, president of Platinum Partners, a hedge fund in New York.

Markets have turned choppy in recent weeks as investors have weighed a host of concerns. At times, worries over global conflicts and Europe’s economy have overshadowed signs of steady growth in the U.S. economy and rising corporate profits. Landesman pointed to plenty of reasons for traders to ditch stocks this summer, including high prices.

“We’re getting through the summer and the market is still pretty close to its high,” he said. “It shows you the trend is still upward.”

Amazon, the online retail giant, unveiled a new payment system for mobile phones. The device, called Amazon Local Register, is aimed at helping small businesses accept payments through smartphones and tablets. Amazon’s stock gained $6.96, or 2 percent, to $326.28.

The S&P 500 rose 12.97 points, or 0.7 percent, to end at 1,946.72. The Dow gained 91.26 points, or 0.6 percent, to 16,651.80, the first time in August that the 30-stock average has been in positive territory for the year.

The tech-heavy Nasdaq composite climbed 44.87 points, or 1 percent, to 4,434.13.

Of the handful of companies reporting quarterly results on Wednesday, a few well-known names warned of sliding sales and shrinking profits. Macy’s turned in results that fell short of Wall Street’s forecasts. The department store chain also cut its full-year outlook for sales, saying it couldn’t make up from a shortfall at the start of the year when winter storms kept shoppers at home. The company’s stock dropped $3.29, or 6 percent, to $56.47.

Deere & Co., the country’s largest maker of farm equipment, said weak sales will likely cut into its earnings for the entire year. Deere dropped $1.99, or 2 percent, to $84.49.

King Digital Entertainment, maker of the “Candy Crush Saga” video game, plunged 23 percent. The company reported second-quarter sales that came up short of estimates and also cut its full-year earnings forecast. King’s stock lost $4.21 to $13.99.

Despite some high-profile misses, however, overall corporate results for the second quarter have looked solid. With the earnings season drawing to a close, seven out of 10 companies in the S&P 500 have posted stronger profits than analysts projected, according to S&P Capital IQ. Quarterly earnings are on track to climb 10 percent over the year before. That’s much better than the 3 percent increase companies reported for the first quarter of 2014.

The Commerce Department said Wednesday that retail sales edged up by a tiny amount compared with the prior month. A separate report said businesses continued adding to their stockpiles in June. A greater amount of goods on store shelves and in warehouses reflects optimism about future demand.

In other trading, Germany’s DAX gained 1.4 percent, while France’s CAC 40 rose 0.8 percent. Britain’s FTSE 100 inched up 0.4 percent. All three indexes have slumped more than 1 percent this month.

In the U.S. government bond market, the yield on the 10-year Treasury note was 2.42 percent, just shy of its low for the year and a drop from 2.45 percent late Tuesday. U.S. crude oil rose 22 cents to $97.59 a barrel in New York.

Elsewhere, gold rose $3.90 to $1,314.50 an ounce, silver slipped 6 cents to $19.85 an ounce and copper fell four cents to $3.11 a pound.

US indexes move higher; Amazon gains, Macy’s drops

KDWN

NEW YORK (AP) — A modest gain for the stock market Wednesday tugged the Dow Jones industrial average back into the black for the year as investors set aside concerns about Ukraine and Iraq. Amazon led the gains in light trading, despite a mixed batch of economic and corporate news.

KEEPING SCORE: As of 3:15 p.m. Eastern time, the Standard & Poor’s 500 index rose 11 points, or 0.6 percent, to 1,945. The Dow gained 83 points, or 0.5 percent, to 16,644 while the Nasdaq composite climbed 41 points, or 0.9 percent, to 4,430.

RESILIENT: “This is a very resilient market,” said Uri Landesman, president of Platinum Partners in New York. Landesman pointed to plenty of reasons why traders could ditch stocks this summer, including conflicts in Ukraine and the Middle East. “We’re getting through the summer and the market is still pretty close to its high. It shows you the trend is still upward.”

SHOPPING LOCAL: The online retail giant unveiled a payment system for mobile devices. The device, called Amazon Local Register, is designed to help small businesses accept payments through smartphones and tablets. Amazon’s stock gained $8.18, or 3 percent, to $327.50.

NO MAGIC: Macy’s sank after its results fell short of Wall Street’s forecasts. The department store chain cut its full-year outlook for sales, saying it couldn’t make up a shortfall at the start of the year, when winter storms kept shoppers at home. The company’s stock dropped $3.34, or 6 percent, to $56.41.

KING CRUSHED: King Digital Entertainment, maker of the “Candy Crush Saga” video game, plunged 23 percent. The company reported second-quarter sales that came up short of estimates. It also lowered its full-year earnings forecast. King’s stock lost $4.22 to $13.98

LOOKING UP: Nearly all of the companies in the S&P 500 have turned in second-quarter results, and seven out of 10 have reported higher profits than analysts projected, according to S&P Capital IQ. The overall quarterly earnings are on track to climb 10 percent over the year before. That’s much better than the 3 percent increase companies reported for the first quarter of 2014.

ECONOMIC NEWS: A closely watched indicator of spending habits by U.S. shoppers was essentially flat in July. The Commerce Department said Wednesday that retail sales edged up by a tiny amount compared with the prior month. A separate report said businesses continued adding to their stockpiles in June. A greater amount of goods on store shelves and in warehouses reflects optimism about future demand.

EUROPE: Germany’s DAX gained 1.4 percent, while France’s CAC 40 rose 0.8 percent. Britain’s FTSE 100 inched up 0.4 percent. All three indexes have slumped more than 1 percent this month.

RISKS: On Wednesday, Russian President Vladimir Putin was set to travel to Crimea, the Black Sea peninsula Russia annexed in March. The visit comes a day after a convoy of more than 260 Russian trucks, reportedly packed with supplies, moved toward Russia’s border with Ukraine.

JAPAN SLOWS: Government figures showed that Japan’s economy, the world’s third-largest, shrank at an annualized pace of 6.8 percent in the three months ending in June. Economists had expected the news. They think spending will pick up in coming months.

U.S. DEBT AND OIL: The yield on the 10-year Treasury note was 2.42 percent, just shy of its low for the year and a drop from 2.45 percent late Tuesday. U.S. crude oil rose 22 cents to $97.59 a barrel in New York.

US indexes move higher; Amazon gains, Macy’s drops

KDWN

NEW YORK (AP) — A slight gain for the stock market Wednesday tugged the Dow Jones industrial average into positive territory for the year as investors set aside concerns about Ukraine and Iraq. Amazon led the way up in light trading, despite a mixed batch of economic and corporate news.

KEEPING SCORE: As of 12:16 a.m. Eastern, the Standard & Poor’s 500 index was up 11 points, or 0.6 percent, to 1,945. The Dow Jones industrial average gained 87 points, or 0.5 percent, to 16,648 while the Nasdaq composite picked up 36 points, or 0.8 percent, to 4,425.

ONE VIEW: “This is a very resilient market,” said Uri Landesman, president of Platinum Partners in New York. Landesman pointed to plenty of reasons for traders to drop stocks this summer, including conflicts in Ukraine and the Middle East. “We’re getting through the summer and the market is still pretty close to its high. It shows you the trend is still upward.”

AMAZON: The online retail giant unveiled a payment system for mobile devices, Amazon Local Register. The credit-card processing device is designed to help small businesses accept payments through smartphones and tablets. Amazon’s stock gained $10.23, or 3 percent, to $329.33.

SHOPPING NEWS: Macy’s sank after its results fell short of Wall Street’s forecasts. The department store chain cut its full-year outlook for sales, saying it couldn’t make up from a shortfall at the start of the year when winter storms kept shoppers at home. The company’s stock dropped $2.70, or 5 percent, to $57.07.

KING CRUSHED: King Digital Entertainment, maker of the “Candy Crush Saga” video game, plunged 23 percent. The company reported second-quarter sales that came up short of estimates and lowered its full-year earnings forecast. King’s stock lost $4.25 to $13.95.

LOOKING UP: Nearly all of the companies in the S&P 500 have turned in second-quarter results, and seven out of 10 have reported higher profits than analysts projected, according to S&P Capital IQ. Overall second-quarter earnings are on track to climb 10 percent over the year before. That’s much better than the 3 percent increase companies reported for the first quarter of 2014.

ECONOMIC NEWS: A closely watched indicator of spending habits by U.S. shoppers was essentially flat in July. The Commerce Department said Wednesday that retail sales edged up by a tiny amount compared with the prior month. A separate report said businesses continued adding to their stockpiles in June. In general, a greater amount of goods on store shelves and warehouses reflects optimism about future demand.

EUROPE: Germany’s DAX gained 1.4 percent, while France’s CAC 40 rose 0.8 percent. Britain’s FTSE 100 inched up 0.4 percent. Both indexes have slumped more than 1 percent this month.

RISKS: On Wednesday, Russian President Vladimir Putin was set to travel to Crimea, the Black Sea peninsula Russia annexed in March. The visit comes a day after a convoy of more than 260 Russian trucks, reportedly packed with supplies, moved toward Russia’s border with Ukraine.

JAPAN SLOWS: Government figures showed that Japan’s economy, the world’s third-largest, shrank at an annualized pace of 6.8 percent in the three months ending in June. Economists had expected the news and think spending will pick up in coming months.

U.S. DEBT AND OIL: The yield on the 10-year Treasury note traded at 2.42 percent, just shy of its low for the year, down from 2.45 percent late Tuesday. U.S. crude oil fell 43 cents to $96.94 a barrel in New York.

US indexes move higher; Amazon gains, Macy’s drops

KDWN

NEW YORK (AP) — A slight gain for the stock market Wednesday tugged the Dow Jones industrial average into positive territory for the year as investors set aside concerns about Ukraine and Iraq. Amazon led the way up in light trading, despite a mixed batch of economic and corporate news.

KEEPING SCORE: As of 12:16 a.m. Eastern, the Standard & Poor’s 500 index was up 11 points, or 0.6 percent, to 1,945. The Dow Jones industrial average gained 87 points, or 0.5 percent, to 16,648 while the Nasdaq composite picked up 36 points, or 0.8 percent, to 4,425.

ONE VIEW: “This is a very resilient market,” said Uri Landesman, president of Platinum Partners in New York. Landesman pointed to plenty of reasons for traders to drop stocks this summer, including conflicts in Ukraine and the Middle East. “We’re getting through the summer and the market is still pretty close to its high. It shows you the trend is still upward.”

AMAZON: The online retail giant unveiled a payment system for mobile devices, Amazon Local Register. The credit-card processing device is designed to help small businesses accept payments through smartphones and tablets. Amazon’s stock gained $10.23, or 3 percent, to $329.33.

SHOPPING NEWS: Macy’s sank after its results fell short of Wall Street’s forecasts. The department store chain cut its full-year outlook for sales, saying it couldn’t make up from a shortfall at the start of the year when winter storms kept shoppers at home. The company’s stock dropped $2.70, or 5 percent, to $57.07.

KING CRUSHED: King Digital Entertainment, maker of the “Candy Crush Saga” video game, plunged 23 percent. The company reported second-quarter sales that came up short of estimates and lowered its full-year earnings forecast. King’s stock lost $4.25 to $13.95.

LOOKING UP: Nearly all of the companies in the S&P 500 have turned in second-quarter results, and seven out of 10 have reported higher profits than analysts projected, according to S&P Capital IQ. Overall second-quarter earnings are on track to climb 10 percent over the year before. That’s much better than the 3 percent increase companies reported for the first quarter of 2014.

ECONOMIC NEWS: A closely watched indicator of spending habits by U.S. shoppers was essentially flat in July. The Commerce Department said Wednesday that retail sales edged up by a tiny amount compared with the prior month. A separate report said businesses continued adding to their stockpiles in June. In general, a greater amount of goods on store shelves and warehouses reflects optimism about future demand.

EUROPE: Germany’s DAX gained 1.4 percent, while France’s CAC 40 rose 0.8 percent. Britain’s FTSE 100 inched up 0.4 percent. Both indexes have slumped more than 1 percent this month.

RISKS: On Wednesday, Russian President Vladimir Putin was set to travel to Crimea, the Black Sea peninsula Russia annexed in March. The visit comes a day after a convoy of more than 260 Russian trucks, reportedly packed with supplies, moved toward Russia’s border with Ukraine.

JAPAN SLOWS: Government figures showed that Japan’s economy, the world’s third-largest, shrank at an annualized pace of 6.8 percent in the three months ending in June. Economists had expected the news and think spending will pick up in coming months.

U.S. DEBT AND OIL: The yield on the 10-year Treasury note traded at 2.42 percent, just shy of its low for the year, down from 2.45 percent late Tuesday. U.S. crude oil fell 43 cents to $96.94 a barrel in New York.

US indexes move higher; Amazon gains, Macy’s drops

KDWN

NEW YORK (AP) — A slight gain for the stock market Wednesday tugged the Dow Jones industrial average into positive territory for the year as investors set aside concerns about Ukraine and Iraq. Amazon led the way up in light trading, despite a mixed batch of economic and corporate news.

KEEPING SCORE: As of 12:16 a.m. Eastern, the Standard & Poor’s 500 index was up 11 points, or 0.6 percent, to 1,945. The Dow Jones industrial average gained 87 points, or 0.5 percent, to 16,648 while the Nasdaq composite picked up 36 points, or 0.8 percent, to 4,425.

ONE VIEW: “This is a very resilient market,” said Uri Landesman, president of Platinum Partners in New York. Landesman pointed to plenty of reasons for traders to drop stocks this summer, including conflicts in Ukraine and the Middle East. “We’re getting through the summer and the market is still pretty close to its high. It shows you the trend is still upward.”

AMAZON: The online retail giant unveiled a payment system for mobile devices, Amazon Local Register. The credit-card processing device is designed to help small businesses accept payments through smartphones and tablets. Amazon’s stock gained $10.23, or 3 percent, to $329.33.

SHOPPING NEWS: Macy’s sank after its results fell short of Wall Street’s forecasts. The department store chain cut its full-year outlook for sales, saying it couldn’t make up from a shortfall at the start of the year when winter storms kept shoppers at home. The company’s stock dropped $2.70, or 5 percent, to $57.07.

KING CRUSHED: King Digital Entertainment, maker of the “Candy Crush Saga” video game, plunged 23 percent. The company reported second-quarter sales that came up short of estimates and lowered its full-year earnings forecast. King’s stock lost $4.25 to $13.95.

LOOKING UP: Nearly all of the companies in the S&P 500 have turned in second-quarter results, and seven out of 10 have reported higher profits than analysts projected, according to S&P Capital IQ. Overall second-quarter earnings are on track to climb 10 percent over the year before. That’s much better than the 3 percent increase companies reported for the first quarter of 2014.

ECONOMIC NEWS: A closely watched indicator of spending habits by U.S. shoppers was essentially flat in July. The Commerce Department said Wednesday that retail sales edged up by a tiny amount compared with the prior month. A separate report said businesses continued adding to their stockpiles in June. In general, a greater amount of goods on store shelves and warehouses reflects optimism about future demand.

EUROPE: Germany’s DAX gained 1.4 percent, while France’s CAC 40 rose 0.8 percent. Britain’s FTSE 100 inched up 0.4 percent. Both indexes have slumped more than 1 percent this month.

RISKS: On Wednesday, Russian President Vladimir Putin was set to travel to Crimea, the Black Sea peninsula Russia annexed in March. The visit comes a day after a convoy of more than 260 Russian trucks, reportedly packed with supplies, moved toward Russia’s border with Ukraine.

JAPAN SLOWS: Government figures showed that Japan’s economy, the world’s third-largest, shrank at an annualized pace of 6.8 percent in the three months ending in June. Economists had expected the news and think spending will pick up in coming months.

U.S. DEBT AND OIL: The yield on the 10-year Treasury note traded at 2.42 percent, just shy of its low for the year, down from 2.45 percent late Tuesday. U.S. crude oil fell 43 cents to $96.94 a barrel in New York.