Stocks Opened Higher before New-home Sales Data

U.S. stocks opened higher on Wednesday, as investors were on the lookout for a report on August new-home sales that’s expected to show a modest bump in new-home sales. The Dow Jones Industrial Average lately gained 16.18 points, or 0.09%, to 17,072.05. The S&P 500 rose 0.96 point, or 0.05%, to 1,983.73. The Nasdaq Composite gained 7.23 points, or 0.16%, to 4,515.91.

Federal Reserve Chair Janet Yellen says she wants investors to be prepared for the possibility that the Fed will raise interest rates sooner than they currently project. Her words are going unheeded.

Wal-Mart is introducing a mobile checking account for its customers that will eliminate the overdraft and bounced-check fees traditionally charged by banks.

Starz (STRZA) met with 21st Century Fox (FOX) to see if the entertainment company was interested in striking a deal.

General Motors Co. is counting on the Chevrolet Cruze and other new offerings down the road to address a growing weakness in China: slowing sales growth for its bread-and-butter compact-size cars.

Acorda Therapeutics Inc.(ACOR) said Wednesday that it has agreed to buy fellow neurological drug maker Civitas Therapeutics for $525 million in cash, effectively putting an end to Civitas’s plans to go public.

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