(NEW YORK) — The market regained some ground on comments from Federal Reserve officials over the weekend suggesting some still foresee a rate increase this year.
Financial shares climbed after sharp falls on Friday. The Dow gained 125 and a half points, the Nasdaq went up two and S&P up nine. Crude oil rose above $46 dollars per barrel.
Volkswagen’s share price and market value took a beating following the German automaker’s admission that it rigged US emission tests for about half a million diesel cars.
US passenger airlines reported an after-tax net profit of 5.5 billion in the second quarter of 2015, up from just over 3 billion in the first quarter.
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