Business News

Is This Our Bounce?

U.S. stocks are higher this morning, putting the S&P 500 on track for a third day of gains, and the Nasdaq for a second straight positive day after breaking an eight-session losing streak. (CNBC)
A sharp drop-off in home loan activity over the holidays was clearly a blip. Mortgage application volume increased 21.3% last week. (Mortgage Bankers Association)
Is this showing the death throes of the PC? Personal computer shipments suffered their biggest yearly decline ever, dropping 10.4% in 2015. (International Data Corporation.)
Rail provider CSX  reported a fourth quarter profit of 48 cents per share, above estimates. The rail operator said a weak global economy and other factors would hurt its 2016 results. (CNBC)
Yum Brands reported December same-store sales in China rose by 1%, driven by a 5% gain at KFC. That helped offset an 11% same-store sales drop at Pizza Hut. Yum is in the process of spinning off its China business. (CNBC)
U.S. oil prices are stronger for the first time in eight sessions, after dipping below $30 per barrel Tuesday for the first time in more than 12 years. Oil is up 85 cents at $31.29 a barrel. (Reuters)

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