Stateside, the iShares FTSE/Xinhua China 25 Index ETF (NYSEARCA:FXI) rallied 1.3% to $40.12 following an overnight bounce in the major Chinese indexes.
The situation in Ukraine remains tense. The US State Department said today that it has evidence that Russia was firing artillery at Ukraine's military, and Ukraine's Prime Minister and Cabinet resigned. Meanwhile, Russia denied reports that the two Ukrainian fighter jets that were shot down Wednesday were attacked from within Russia.
Domestic markets were mixed.
The S&P 500 (INDEXSP:.INX) was fractionally positive, but the Russell 2000 (INDEXRUSSELL:RUT) lagged with an 0.16% decline.
Housing stocks were also quite weak, courtesy of negative economic data. June Housing Starts came in at 406,000, well under the 475,000 consensus, while May's figure was revised lower by 12%.
Industrial stocks suffered from Caterpillar's (NYSE:CAT) weak full-year earnings guidance. The construction equipment maker is seeing reduced demand in emerging markets including China and the Middle East.
Shares of Facebook (NASDAQ:FB) rose 5.2% to $74.98 after the company reported significantly better-than-expected second-quarter revenues and earnings.
Other big earnings winners for today included Under Armour (NYSE:UA) and Logitech (NASDAQ:LOGI), while Qualcomm (NASDAQ:QCOM) took a 6.7% hit on its disappointing guidance.
Online real estate company Trulia (NASDAQ:TRLA) surged 32.4% to $53.74 on news reports that it could be acquired by Zillow (NYSE:Z), which also rose sharply.
Similarly, heavily-shorted soda machine maker SodaStream (NASDAQ:SODA) rocketed up 9.5% on a Bloomberg report that the company was in talks to go private.
Tomorrow's Financial Outlook
We'll be busy with earnings again tomorrow morning. Big names reporting include LyondellBasell (NYSE:LYB), Lear (NYSE:LEA), and Xerox (NYSE:XRX).
The June Durable Goods Orders report will be released at 8:30 ET and is likely to move the market in the short-term.
Overseas, England's second-quarter GDP will be reported.
As has been the case in recent days, traders will also be watching for news out of Ukraine as with earnings season looking relatively solid so far, it is the main source of uncertainty.
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