Wall Street posts big gains, bouncing back from Wednesday's losses
Wall Street posts big gains, bouncing back from Wednesday's losses
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14 January, 2018, 00:27
The gains for indexes marked a return to calm, after a whiff of nervousness wafted through markets Wednesday as interest rates rose.
The slight declines Wednesday came after six straight gains for the Standard & Poor's 500 index, its longest winning streak to open a year since 2010.
The S&P 500 was up 1 point, or 0.1 percent, to 2,749, as of 10 a.m.
The Dow Jones industrial average climbed 228.46, or 0.9 percent, to 25,803.19, the Nasdaq composite rose 49.28, or 0.7 percent, to 7,261.06 and the Russell 2000 index of small-cap stocks gained 5.18, or 0.3 percent, to 1,591.97. The Nasdaq composite fell 10 points, or 0.1 percent, to 7,153.
In overseas stock markets, Japan's Nikkei 225 index fell 0.3 percent, South Korea's Kospi lost 0.4 percent and the Hang Seng in Hong Kong added 0.2 percent.
FOLLOWING THE MOMENTUM: Stocks have been steadily rising for more than a year as investors bask in an economy where countries around the world are finally all growing in sync. But a sudden or sharp jump in rates could easily upset markets.
"The tax rate that companies actually pay may be lower, or even higher, than 21% depending on other tax adjustments", Yardeni said.
"There shouldn't be a falling-off-the-cliff mentality, but we're so primed", she said. Reports that China may slow its purchases of USA government bonds weighed on investor sentiment.
Medvedev beats De Minaur in Sydney final However, Medvedev managed to break in the seventh game to take a 4-3 advantage, before serving out the second set to win 6-4. But De Minaur proved too steady, winning 6-4 6-4 to become the youngest male semi-finalist at the event in almost 30 years.
Another data showed USA consumer prices recorded their biggest rise in 11 months in December on gains in the cost of rental accommodations and healthcare, bolstering expectations that inflation will accelerate this year.
USA equities broke key milestones the first trading week of 2018, as the Dow, S&P 500 and Nasdaq closed above 25,000, 2,700 and 7,000, respectively, for the first time ever. It had climbed as high as 2.59% on Wednesday. The rise in rates moderated as the day progressed.
Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth.
OIL: Benchmark U.S. crude lost 3 cents to $63.54 per barrel on the New York Mercantile Exchange. Brent crude, the global standard, fell 10 cents to $69.10 per barrel in London. They're at their highest level since the end of 2016.
The stock market has repeatedly shrugged off concerns through its placid ride to record highs. The company also said, however, that it would close dozens of Sam's Club locations in the coming months.
CURRENCIES: The dollar rose to 111.73 Japanese yen from 111.43 yen. The euro fell to $1.1922 from $1.1965, and the British pound dipped to $1.3511 from $1.3564.
In the commodities markets, gold rose $3.20 to settle at $1,322.50 an ounce.
In the absence of such an agreement, the United States will not again waive sanctions in order to stay in the Iran nuclear deal . The U.S. president said last week that they would have the full assistance of his government when the time was right.
Sell-side firms, on a consensus basis have a $33.27 price target on the name and a 2.80 recommendation, according to First Call. Kistler invested 0.44% in Verizon Communications Inc. (NYSE:STZ). 47,040 are held by Dekabank Deutsche Girozentrale.
Yeah look, this pitch will again test us to play our best cricket and that is something that we are looking forward to". You may not get rank turners in South Africa , but if the wicket is not rock hard, then a spinner has a role.
Finally, Wells Fargo & Co initiated coverage on shares of Discover Financial Services in a report on Tuesday, October 10th. Cornerstone Advsrs stated it has 702 shares. (NASDAQ:EA). 3,735 are owned by Mckinley Capital Llc Delaware. (NASDAQ:PWOD).
In the book, Bannon called Donald Trump Jr.'s meeting with a Russian lawyer in Trump Tower in June 2016 "treasonous". The quotes sent Trump into a fury and a Twitter tweet storm that called Bannon "out of a job" and "out of his mind".
The manufacturing equipment provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. Wall Street is only getting more bullish on the stock, with 20 of analysts who cover AMAT having a buy-equivalent rating.
Asked if he had spoken with Kim since inauguration, Trump avoided giving a clear answer, saying, "I don't want to comment on it". However because North Korea officials missed a registration deadline, Ryom and Kim's fate was now left in the hands of the IOC.
Dick Durbin (D-Ill.), who was there at the time , said he did. "Members of Congress have a responsibility to the American people and our democracy to impeach him". "He does not deserve my attention". "It must be in his DNA, in his makeup", Lewis said.
Because I am writing this, I still know the thickness of the disappointment and damage I have gone behind at home and in NBC. I feel I speak for many of my coworkers once I say it was not exactly the Matt we knew.
The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) has "Buy" rating given on Tuesday, November 22 by Berenberg. The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) earned "Hold" rating by Goldman Sachs on Tuesday, August 1.
Donald Trump: Shock over U.S. president's migrants remarks
Even war-torn South Sudan weighed in, with President Salva Kiir's spokesman Ateny Wek Ateny slamming the comments as "outrageous". President Trump tweeted he never said anything derogatory about Haitians, other than Haiti is a very poor and troubled country.
If pacers take upper hand in series, so be it, says Faf
India have played only once at this venue and they were hammered out of sight after having been shot out for 136 and 459. As alluring as the ambience can get, not many teams that have visited here have gone back with fond memories.
Seeing Samsung's 'The Wall' MicroLED TV Made Me a Believer
Reading between the lines, however, we would expect the tech to trickle into the market at more home-friendly sizes come 2019. Because each LED can turn on or off individually, MicroLED has the potential for infinite contrast, just like OLED TVs .
First Bancorp (FBP) A Look at Technical Overview
Following the sale, the insider now directly owns 113,408 shares in the company, valued at approximately $4,045,263.36. Pub Employees Retirement Association Of Colorado owns 28,102 shares or 0.01% of their United States portfolio.
Inc. Cuts Position in Golar LNG Partners LP (GMLP)
Aperio Gp Ltd Limited Liability Company stated it has 0.02% in SINA Corporation (NASDAQ:SINA). (NYSE:MET) for 13,210 shares. The Encompass Capital Advisors Llc holds 1.15 million shares with $25.97M value, up from 994,889 last quarter.
Going Through the Chart for MGM Resorts International (MGM)
MGM Resorts International (NYSE:MGM) shares were trading higher by 0.86 percent ($0.29) at $33.92 a piece in Wednesday's session. Yost Cap Management Limited Liability Company has invested 19.94% of its portfolio in MGM Resorts International (NYSE:MGM).
Amazon's Alexa Is Coming to Some Toyota and Lexus Cars
The Detroit automaker now allows a motorist to order a cup of coffee from Starbucks through Alexa, or a pizza from Domino's. Well, the latest announcement by Toyota on its collaboration with Amazon will turn that dream into reality.
Vegas gunman had emailed about bump stocks
Other searches were conducted at a house the gunman owned in Reno where agents found a red SUV. The search warrants covered electronic accounts of Paddock and his girlfriend, Marilou Danley.