U.S. stocks ended modestly higher Wednesday as long-term Treasury yields fell sharply. The S&P 500 rose 16.22 points, or 0.21%, to 7,707.98, ending a three-session losing streak. The Dow Jones Industrial Average gained 119.65 points, or 0.22%, to close at 53,463.05. The Nasdaq Composite added 41.38 points, or 0.16%, finishing at 26,331.09. Falling government bond yields helped major indexes recover after several sessions of pressure from rising borrowing costs. Bond prices climbed after the U.S. Treasury Department announced larger liquidity support buybacks for longer-dated government debt. Starting September 9, the maximum purchase size will increase from $2 billion to at least $4 billion per operation. The change covers nominal coupon securities in the 10-to-20-year and 20-to-30-year maturity sectors. The increased amounts will remain in effect through November 4.
The latest official report recorded 5,021 confirmed cases and 2,378 deaths through Aug. 16. Cases now span 55 health zones across six provinces, while the case fatality ratio has reached 47.4%. The toll makes this the deadliest Ebola outbreak in the country’s history. It is also the second-largest Ebola epidemic recorded globally. WHO incident manager Thierno Baldé said the three-month timeline depends on securing the resources required for the response. The agency has received about $69.3 million of the $115 million it says it needs, or roughly 60%. Teams added more than 400 treatment beds during the past two weeks. They also deployed 100 additional epidemiologists and more than 500 community health workers for surveillance and contact tracing.
Business
U.S. stocks ended modestly higher Wednesday as long-term Treasury yields fell sharply. The S&P 500 rose 16.22 points, or 0.21%, to 7,707.98, ending a three-session losing streak. The Dow Jones Industrial Average gained 119.65 points, or 0.22%, to close at 53,463.05. The Nasdaq Composite added 41.38 points, or 0.16%, finishing at 26,331.09. Falling government bond yields helped major indexes recover after several sessions of pressure from rising borrowing costs. Bond prices climbed after the U.S. Treasury Department announced larger liquidity support buybacks for longer-dated government debt. Starting September 9, the maximum purchase size will increase from $2 billion to at least $4 billion per operation. The change covers nominal coupon securities in the 10-to-20-year and 20-to-30-year maturity sectors. The increased amounts will remain in effect through November 4.
News
A magnitude 6.1 earthquake struck off Indonesia’s North Sumatra province on Tuesday, shaking communities across parts of Sumatra. The earthquake occurred at 1:02:23 p.m. western Indonesian time, or 06:02:23 UTC. Official data placed the epicenter in the sea, 147 kilometers southeast of South Nias Regency. The earthquake had a depth of 29 kilometers, with its source beneath waters west of Sumatra. Residents across other parts of Sumatra also reported shaking after the magnitude 6.1 earthquake. The National Disaster Mitigation Agency, or BNPB, said the earthquake had no potential to generate a tsunami. Residents in South Nias felt weak shaking for about three to five seconds. Local disaster offices began monitoring affected areas after the tremor, while the initial national bulletin provided no confirmed casualty or damage figures.
Health
The latest official report recorded 5,021 confirmed cases and 2,378 deaths through Aug. 16. Cases now span 55 health zones across six provinces, while the case fatality ratio has reached 47.4%. The toll makes this the deadliest Ebola outbreak in the country’s history. It is also the second-largest Ebola epidemic recorded globally. WHO incident manager Thierno Baldé said the three-month timeline depends on securing the resources required for the response. The agency has received about $69.3 million of the $115 million it says it needs, or roughly 60%. Teams added more than 400 treatment beds during the past two weeks. They also deployed 100 additional epidemiologists and more than 500 community health workers for surveillance and contact tracing.
Sports
Automotive
The decision brings total planned job eliminations across the company to approximately 9,000 positions, representing roughly 21 percent of its 42,066 workforce. Company leadership confirmed that Porsche to cut 5,000 more jobs under restructuring plan negotiations following months of talks between management and labor councils. The initiative aims to bolster operational efficiency as the vehicle producer confronts declining market share in Asia, elevated global tariffs, and sluggish demand for electric vehicles.