1. Wall Street opened higher on Thursday, rebounding from two days of losses, as investors assessed economic data and quarterly results of major U.S. banks.
The Dow Jones industrial average (DJI) rose 27.22 points, or 0.16 percent, to 16,951.97, the S&P 500 (SPX) gained 4.74 points, or 0.24 percent, to 1,998.98 and the Nasdaq composite index (IXIC) added 15.44 points, or 0.32 percent, to 4,798.29.
2. The dollar turned broadly higher against the other major currencies on Thursday, easing off a two-and-a-half month trough as the release of upbeat U.S. data eased concerns over the health of the economy.
The dollar trimmed losses against the yen, with USD/JPY down 0.25% at 118.53, off a more than one-month low of 118.06 hit earlier in the session.
3. West Texas Intermediate oil futures fell more than 1% on Thursday, amid speculation weekly supply data due later in the session will show U.S. crude inventories rose at a faster pace than expected last week.
Crude oil for delivery in November on the New York Mercantile Exchange fell to an intraday low of $45.63 a barrel, the weakest level since October 5, before trading at $45.87 during U.S. morning hours, down 77 cents, or 1.65%.
4. Gold futures erased gains on Thursday to move away from a four-month high, after upbeat U.S. economic data prompted market players to bring forward their expectations for a U.S. rate hike.
Gold for December delivery on the Comex division of the New York Mercantile Exchange shed $1.20, or 0.1%, to trade at $1,178.60 a troy ounce during U.S. morning hours. Prices rallied to an intraday peak of $1,191.40 earlier, a level not seen since June 22.
5. Goldman Sachs Group Inc's (N:GS) profit plunged for the second straight quarter as bond trading revenue fell by a third amid market turmoil stemming from concerns about global growth.
Revenue fell in all of the bank's major businesses except investment banking, which benefited from a surge in takeovers.The results are the latest example of how the grim trading environment is gutting Wall Street.
Turbulent trading, much stemming from worries about the flow-on effect of China's cooling economy, was aggravated by uncertainty over the timing of a U.S. interest rate hike.
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