After Market: U.S. Stocks Start to Rebound as Emerging Markets Stabilize

Blue chip stocks bounced back Tuesday from the recent wave of selling. Emerging markets, which had been pummeled in recent sessions, also stabilized -- and that allowed U.S. investors to focus on some upbeat earnings reports at home.

The Dow Jones industrial average (^DJI) gained 90 points, snapping a five day losing streak. The Standard & Poor's 500 index (^GPSC) rose 11, and the Nasdaq composite (^IXIC) added 14 points, despite a big drop by Apple (AAPL), which tumbled more than 8 percent when iPhone sales failed to live up to expectations. There's concern the company is no longer on the leading edge of consumer must-have products.

That dragged down a number of iPhone suppliers too. Cirrus Logic (CRUS) fell 5 percent, while Qualcomm (QCOM) and Skyworks (SWKS) both lost more than 1 percent.

This is the busiest week of the earnings season, and there were some upside surprises too. Pfizer (PFE) rose 2.5 percent. American Airlines (AAL) jumped 5.5 percent. And Comcast (CMCSA) gained 1.5 percent. Its net was actually below forecasts, but the company raised its dividend and said it may expand overseas.

D.R. Horton (DHI) jumped nearly 10 percent, leading a rally among homebuilders. Lennar (LEN), KBHome (KBH), Toll Brothers (TOL), Pulte (PHM) and Beazer (BZH) also rallied.

Ford (F) shares were little changed despite good quarterly numbers. DuPont (DD) fell 1 percent even though earnings topped expectations. U.S. Steel (X) also fell 1 percent as its loss widened. And Seagate Technologies (STX), which makes computer storage equipment, fell 11 percent.

Elsewhere, Netflix (NFLX) rose more than 6 percent on a Wall Street Journal report that it's looking to expand to Europe. Its stock is now up 148 percent from a year ago.

Texas Industries (TXI) gained 3 percent after agreeing to be acquired by Martin Marietta Materials (MLM), which rose 4 percent.

The trucking company YRC Worldwide (YRCW) rallied 13 percent after resolving a contract dispute with the Teamsters union.

Facebook (FB) rose 3 percent on a Cowen upgrade ahead of its earnings report on Thursday.

And Abercrombie & Fitch (ANF) rose 5 percent. It stripped its CEO of the chairman's job, and dropped a poison-pill provision that had been in place to make a buyout more difficult.

What to Watch Wednesday:
  • Federal Reserve policymakers meet to set interest rates.
These major companies are due to report quarterly financial results:
  • Boeing (BA)
  • Chrysler
  • Deutsche Bank (DB)
  • Dow Chemical (DOW)
  • Facebook (FB)
  • Las Vegas Sands (LVS)
  • Novartis (NVS)
  • Qualcomm (QCOM)
  • WellPoint (WLP)
-Produced by Drew Trachtenberg.

14 Money Mistakes to Avoid in 2014
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After Market: U.S. Stocks Start to Rebound as Emerging Markets Stabilize
Interest rates are low, but that's no excuse to accept 0.01 percent interest rates on your savings. Just a little shopping can find you many FDIC-insured savings accounts paying as much as 1 percent in interest, usually with no fees and easy availability to your money through electronic funds transfers. Compared to the near-zero rates that uninsured money-market mutual funds and other alternatives pay, high-interest savings accounts are a much safer way to save.
Banks still try to get customers to pay more for less, with one recent threat to charge fees for basic deposit accounts if the Federal Reserve cuts interest rates further. But many online banks not only offer fee-free options on their checking and savings accounts but also pay interest, and many have extensive fee-free ATM networks or reimbursement arrangements. If your bank follows through on threats to raise fees, taking your business elsewhere is your best move.
Bankrate reports that the average credit card charges around 16 percent in interest. That's a guaranteed money-maker for the banks that issue cards, but a big loser for those who carry balances on their cards. With many cards offering promotional interest rates as low as 0 percent, using them to get rid of high-interest cards is a no-brainer move and can help you pay your debt down faster.
Mistakes on your credit history can keep you from getting a loan that you want to buy your next home or car, but they can also have consequences you'd never imagine. Increasingly, insurance companies, apartment rental agents, and even prospective employers order copies of your credit report to see if you're financially responsible. Be sure to take advantage of your free credit check at the government's website to make sure the three big credit-rating agencies have everything right before mistakes come back to bite you.
Payday loans have gotten more tightly regulated recently, but banks and other financial institutions still offer ways to let you get quicker access at your cash -- for a hefty fee. Resorting to short-term money fixes can land you in even more problematic situations down the road, because those solutions often create debt spirals from which it's hard to emerge unscathed. Set up an emergency fund instead and be prepared in advance for the money woes that life throws your way.
Interest rates have risen during the last half of 2013, with a typical 30-year mortgage carrying a 4.5 percent interest rate. But many homeowners still carry higher-interest mortgages from before the financial crisis. Now that home prices have risen, you might be able to refinance for the first time, and many homeowners have used lower rates to cut hundreds from their mortgage payment or shift to a shorter-term 15-year mortgage to pay off their debt faster.
Too many people never update their insurance coverage to deal with changes in their coverage needs, whether it comes from changes in family status for life insurance, health conditions for health-care or long-term care insurance, or even what types of property you own for homeowners' insurance. Don't wait for disaster to strike; check with your insurer or agent to see if your current coverage meets your needs.
In the past, investors had to pay hundreds or even thousands of dollars just to make a simple stock purchase. Now, though, the rise of discount brokers, low-fee index funds and exchange-traded funds, and freely available investment news and advice have made it silly to spend large amounts to get access to the financial markets. If you're still paying your broker too much to invest, look into alternatives that can help you avoid cutting serious money out of your retirement nest egg.
Everyone likes a tax break, and one of the best ones for you to use involves making contributions to a tax-favored retirement account. By putting money in an IRA or 401(k), you can reduce your current taxable income and save on your taxes while also preparing for the future. With 401(k)s, your employer might even chip in a bit on your behalf. Even when times are tough, finding even small amounts to save can put time on your side and make a big difference down the road.
Many investors found out the hard way this year that bonds aren't as safe as they thought, with some major bond funds posting double-digit percentage losses in 2013. Despite those losses, bonds still carry substantial risk in 2014, with many calling for imminent interest-rate hikes that would erode their value further. Even now, bond rates are so low that they don't compensate you much for their risk.
If you pay full price for just about anything these days, you're paying too much. The rise of deep-discount stores has led to falling prices at stores and shopping malls. Moreover, online tools like coupon sites, daily-deal offers, discounted gift cards, and cash-back credit-card deals can cut your costs as well. With all these tools, you won't find many situations in which you have no chance of getting a bargain on the items you want.
In the past, many young adults focused on getting into as strong a college as they could, figuring that their degree would pay them enough to make up for the costs they incurred. With college graduates facing a more challenging job environment than ever, smart students are thinking about college costs before they make a decision on a school. By maximizing financial aid and looking at lower-tuition schools with nearly as strong educational quality, you can avoid creating a big debt hole that you'll struggle with for years into the future.
If you don't have a will, a power of attorney for financial and health-care matters, and an advance directive to tell medical professionals whether you want certain life-preserving measures taken if something happens to you, then you're putting your family at risk. Many people don't have even these basic estate-planning documents, but getting them in place is easier and less expensive than most believe. Get your affairs taken care of in 2014 and save your loved ones some big future hassles.
Resolving to be more financially astute and to avoid common mistakes will help you get your finances in order more quickly. These tips should give you more money to help you meet all your financial goals.
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    Hang Seng25324.3793.700.37%
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