The U.S. labor market in July capped the best two-month stretch of hiring so far this year despite global turbulence and slower business spending, posing a challenge for the Fed.

The Nasdaq rose to a record, signaling renewed appetite for risk. The S&P 500 also closed at a high. The Dow gained 191.48 points.

A cancer drug's clinical-trial failure wiped $20 billion off Bristol-Myers's market cap and raised questions about a hot research area.

A dispute over a U.S. regulator's ability to vet auditors of Chinese firms listed on U.S. exchanges is nearing a possible resolution.

An EU plan to help shield the bloc's telecommunications-equipment firms from Chinese rivals is fraying.

A U.S. judge dismissed claims by luxury brands that Alibaba and its platforms' merchants conspired to profit from counterfeit goods.

Berkshire's profit rose in the second quarter, aided by investment gains tied to its stake in Kraft Heinz.

The face of Alphabet's self-driving car effort and an original member of the project is leaving the company.

(END) Dow Jones Newswires

August 05, 2016 23:28 ET (03:28 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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