U.S. stocks were little changed as the European Union agreed to sanctions against Russia, wiping out an earlier rally fueled by profits that beat analysts' estimates and a rally in telephone stocks.
U.S. stocks rose Tuesday on news about a spinoff in the telecommunications sphere that sent most stocks in the sector soaring and on better-than-expected results from Pfizer and Merck.
WASHINGTON (MarketWatch) - Homeownership in the United States fell again in the second quarter to the lowest level since the third quarter of 1995, suggesting many Americans are becoming renters.
United Parcel Service Inc (UPS), the world's biggest courier company, slashed its earnings forecast for the year as it spends to boost capacity ahead of the busy holiday shopping season.
(Reuters) - Pfizer Inc (PFE.N), which in May abandoned its $118 billion bid to buy AstraZeneca Plc (AZN.L), on Tuesday left investors guessing whether it would renew its pursuit of its British rival, but said it was considering other deals.