- Chinese Death Star: The moon cited as the perfect launch pad for ballistic missiles
- Help wanted: Homeland Security plagued by vacancies at the top
- We are not amused: Queen’s protection officers warned to keep ‘sticky fingers’ off the royal cashews
- Unleash the crossbows: Gov. Scott Walker creates new hunting season
- Bubonic plague kills 20 in Madagascar
- G-20 diplomats fell for hacker attack promising nude photos of former French first lady Carla Bruni
- Minnesota guardsman charged with stealing private soldier data for fake IDs
- Florida appeals court rules universities can’t regulate guns
- Vladimir Putin defends Russian conservative values
- Tea Party Patriots call key GOP firing a declaration of war
Most markets remain up
Question of the Day
Thornburg Mortgage Inc. fell $1.54, or 10.2 percent, to $13.50 after the company said it sold $20.5 billion of its safest investments to raise enough cash to allow the mortgage lender to operate during a crisis in the mortgage industry.
Among the sectors holding the market back was financial stocks, which spiked on Friday after the Fed announcement. The downtrodden sector stands to benefit from the Fed’s discount rate cut. Goldman Sachs Group Inc. fell $2.24 to $172.76, while Citigroup Inc. dropped 42 cents to $48.39.
Deutsche Bank shares fell $2.59, or 2 percent, to $126.10 after the Financial Times reported the bank had heeded the Fed’s request by going to its discount window to borrow money. The discount rate covers loans the Fed makes to banks.
Lowe's Cos., the No. 2 U.S. home improvement chain, reported a second-quarter profit that surpassed Wall Street projections. Despite the slumping housing market, the company said it will open 40 stores during the current quarter, and believes sales will rise 6 percent for the year. Lowe's shares rose $1.63, or 6.1 percent, to $28.50.
Advancing issues outweighed decliners by about 3 to 2 on the New York Stock Exchange, where volume fell to 1.54 billion shares — typical of an August session — from a heavy 2.48 billion shares traded Friday.
Overseas, Britain’s FTSE 100 rose 0.24 percent, Germany’s DAX Index gained 0.40 percent, and France’s CAC-40 rose 0.67 percent. In Asia, Japan’s Nikkei stock average closed up 3 percent. Hong Kong’s Hang Seng Index rose 5.93 percent, while the often-volatile Shanghai Composite Exchange surged 5.33 percent.
By Matt Kibbe
The short-term deal will assure long-term overspending
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- House pushes through two-year Ryan-Murray budget deal
- Comma on!: Twitter erupts over Obama-Castro 'marriage'
- N. Korean news agency: Kim Jong Un's uncle executed
- Biden guarantees victory on immigration reform
- Jane Fonda Foundation fails to make single contribution in 5 years: report
- All-out war breaks out in GOP over budget pact
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- White House improvises again on patchy Obamacare rollout
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