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Global Business News

News 24 hours a day at Bloomberg.com, the Radio Plus Mobile Act and on your radio.

This is a Bloomberg Business Flash.

And I'm Karen Moscow. Stocks are moving higher. The S&P 500 up almost 2 tens percent up 3 points to 2112.

The Dow Jones industrial average of 3 tens percent or 60 points to 17,982 and the NASDAQ little

change down a point to 4967. Ten-year Treasury up 8.30 seconds, the yield 1.70% yield on the 2 year 0.77%

non-Mex crude oil up 7 10% percent or 36 cents to $50.6 a barrel.

Comex gold down 3 tenths per cent or four dollars ten cents to

1243 30 an ounce the euro a dollar thirteen 56 the n 107.42

Ralph Lauren is down at.3% after forecasting a revenue drop this year, renewing

worries about the American consumer. BioGen down more than 10% to lead losses in biotechnology companies

after an experimental drug for multiple sclerosis which had held that hope of altering

the course of the disease failed in a mid-stage trial and Valley and Pharmaceuticals down 20% to cut its 2016 profit

forecast.

That's a Bloomberg business flash.

Tom and Mike.

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