DJIA Today: Dow Jones Futures Trade Near Record Levels
10 February, 2017, 02:17 | Author: Sam Montgomery
The Russell 2000 is down 19.10 points, or 1.4 percent.
USA equities have rallied since Trump's November election, spurred by hopes for fiscal stimulus, lower taxes and fewer regulations under the Republican-led federal government.
The Dow Jones Industrial Average rose 39.27 points, or 0.2 percent, to 20,091.69, the S&P 500 gained 0.4 points, or 0.02 percent, to 2,292.96 and the Nasdaq Composite added 7.06 points, or 0.12 percent, to 5,670.61.
The point being made here is that the risk going forward is that these high hopes end up being dashed, and if they are, then there is little chance that the Dow is still north of 20,000 and the S&P 500 is flirting near 2,300.
He thinks that Washington definitely takes precedence over the investors earnings these days because these are just the first few weeks of the new president who has been promising radical changes. If there are no 1 percent moves in Thursday's session, it will mark the 43rd straight session without a 1 percent move for all three indexes.
With more than half of the S&P 500 having reported results, fourth-quarter earnings are on track to have climbed 8.2 percent, which would be the best performance since the third quarter of 2014, according to Thomson Reuters I/B/E/S.
Oil prices were pressured by growing gasoline stockpiles in the United States as evidence of a burgeoning revival in USA shale production could complicate efforts to reduce a supply glut.
Tech stocks helped prop up the S&P. Consumer staples were the best performing S&P group, rising 0.8 percent. JP Morgan fell 0.9 percent, Goldman Sachs observed a drop of 0.8 percent - this was one of Dow's biggest drags.
In corporate earnings news, Emerson Electric shares rose 4.5 percent after the manufacturer reported a higher-than-expected profit.
General Motors slipped 4.5 percent to $35.22 after the automaker said fourth-quarter net income fell partly because of $500 million in foreign exchange losses.
Shares of Michael Kors dropped as much as 15.4 percent to a more than one-year low of $34.92, after the handbag maker cut its full-year revenue forecast. Banks and other financial companies lagged the most.
In Asia, shares were trading mixed on Thursday in morning session following a mild close in United States markets and with gold prices at three-month highs.
Advancing issues outnumbered decliners on the NYSE by 1,576 to 1,170.
AAPL saw its price target raised to $154 from $142 at Canaccord Genuity, representing record-high territory for the shares. Dai Ichi Life Holdings Inc. increased its stake in shares of Twenty-First Century Fox by 16.9% in the third quarter.
Mr Turnbull said he was disappointed details of the call, which he described as "very frank and forthright", had been made public. The Australian PM said despite Trump's tweet on Wednesday, the United States officials were already assessing the issue.
Highway 1806 river bridge directly adjacent to where hundreds remain camped in opposition to the pipeline construction. Army Corps of Engineers says it will install rapid-deployable, mobile gauges on the river near Solen and on the N.D.
Website hosting company Squarespace shows an intense John Malkovich berating the owner of johnmalkovich.com domain name. The Super Bowl at the NRG Stadium in Houston between the New England Patriots and Atlanta Falcons airs Sunday on Fox.
On their own, the Violas' top runners include Grade 1 winners Photo Call and Sweet Loretta and Grade 2 victor Nonna Mela. The Military Times is reporting he withdrew due to his inability to separate himself from his business ties.
Sixty-four per cent of the teens admitted they tried dripping to get thicker clouds of vapour so they could pull off smoke tricks. They come just two months after the US surgeon general called e-cigarettes a public health threat for youths.
The visa waiver program allows citizens from 38 countries to enter the United States without a visa for up to 90 days. There's an exemption for immigrants and legal permanent residents whose entry is in the USA national interest.
Somalia's presidential election heads into second round
Years of conflict, al-Shabab attacks and starvation left this Horn of Africa country of about 12 million people largely shattered. A Somali lawmaker casts her ballot during the presidential vote at the airport in Somalia's capital Mogadishu, February 8, 2017.