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Dow climbs third straight day as stocks end sharply higher after retail sales, Fed Chair Powell's remarks

Dow climbs third straight day as stocks end sharply higher after retail sales, Fed Chair Powell’s remarks

U.S. stocks closed sharply higher Tuesday, after retail sales data for April suggested the economy remained healthy and as investors weighed remarks by Federal Reserve Chairman Jerome Powell. On Monday, the Dow finished less than 0.1% higher, the S&P 500 closed 0.4% lower and the Nasdaq fell 1.2%. The declines followed another losing week for all …

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Prologis Offers to Buy Duke Realty in Nearly $24 Billion Deal

Prologis Offers to Buy Duke Realty in Nearly $24 Billion Deal

Prologis Inc., PLD -5.26% the world’s largest owner of warehouse space, said it offered to buy Duke Realty Corp. DRE 3.92% in a nearly $24 billion deal, a vote of confidence in the e-commerce business at a time when investors are getting nervous about its growth. Prologis controls a 1 billion square foot global network …

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