Tuesday, 18 June, 2019

Markets Right Now: Stocks end a rocky quarter with a bang

Markets Right Now: Stocks end a rocky quarter with a bang Markets Right Now: Stocks end a rocky quarter with a bang
Lora Ball | 30 March, 2018, 13:02

Consumer spending, which accounts for more than two-thirds of US economic activity, increased 0.2 percent last month after a similar gain in January.

Global investors have cut their equity exposure to a four-month low in March, according to a Reuters poll, while reducing their holdings of USA stocks to the lowest in almost two years.

Volume on USA exchanges was 7.49 billion shares, compared to the 7.29 billion average over the last 20 trading days.

Technology stocks bounced back from losses earlier in the week and carried Wall Street to a higher close. Apple rose 2 percent. Brent crude, used to price worldwide oils, added 74 cents to $70.27 per barrel in London.

Banks, industrial companies and energy stocks also notched solid gains. PVH, which owns Calvin Klein and Tommy Hilfiger, rose 5.3 percent after its own results beat expectations.

The Dow Jones industrial average rose 287 points, or 1.2 percent, to 24,137.

(NasdaqGS: AMZN - news) closed up 1.1 percent, recovering from a 4.6 percent drop after U.S. President Donald Trump criticized the online retailer via Twitter (Frankfurt: A1W6XZ - news) early Thursday, claiming without evidence that the company pays "little to no taxes to state & local governments".

Owls return 10 letterwinners for its varsity baseball team
Oehler called a timeout with 39 seconds left to draw up a play to set-up a game-winning goal opportunity for Holmdel. She was top in the state in the 300m with a personal record time of 40.4 at the Division 1 state championship meet.

Davis Selected Advisers Boosts Position in Intel Co. (NASDAQ:INTC)
This is something that Investors should look for in all the stocks they are trading and is an important indicator to keep tabs on. Brown Brothers Harriman And Com reported 7,875 shares. ( NASDAQ :CSCO). 163,531 were accumulated by Ashfield Cap Ptnrs Ltd Llc.

Utah falls to Penn State in NIT championship game
The Nittany Lions outscored the Utes 24-14 in the period to take a 15-point lead heading into the final 10 minutes of the season. Senior Shep Garner finishes his Penn State career with a victory, even though he only scored eight points on Thursday.

The tech sector fell 4% for March but still remains at the top of the 2018 sector standings with a YTD gain of 3.2% vs. a 1.2% YTD loss for the S&P 500.

The financial group finished a step behind the benchmark index, adding 1.3%, as Treasury yields fell; the benchmark 10-year yield slipped 4 bps to 2.74%.

Wall Street stocks finished on a positive note on Thursday, rallying ahead of a holiday weekend, but were down for the quarter for the first time in almost three years.

The year started strong, but early gains evaporated as the markets entered a correction over interest rate jitters, fears of a global trade war, and a selloff in the tech sector. PVH, which owns Calvin Klein and Tommy Hilfiger, rose 6.6 percent after its own results beat expectations.

The Russell 2000 is up 2.95 points, or 0.2 percent.

The Dow is down 870.80 points, or 3.5 percent.

Japan's Nikkei 225 index added 1.1 percent to 21,391.47 and the Kospi in South Korea climbed 0.8 percent to 2,455.35.

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