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.

Gilead 2017 hepatitis C sales forecast disappoints, shares drop
Gilead Sciences makes up approx 0.06% of Vigilant Capital Management's portfolio. (NASDAQ:GILD) opened at 72.39 on Tuesday. The Company focuses on the discovery, development and commercialization of medicines in areas of unmet medical need.

Oil Exports Boost Canada's Second Straight Monthly Trade Surplus
Imports increased 1.0 percent on higher imports of aircraft and other transportation equipment as well as metal products. One area of concern remains non-energy exports, which were down 2.1 percent in December.

Burgess: Are Super Bowl vehicle ads even worth it?
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.

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.

Recommended:

  • 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.

    GM workers to receive profit-sharing checks of up to $12000

    The stock tumbled 4.7 percent in early trading in part because Wall Street fretted over GM's higher US inventories. Stevens said earnings in 2017 would be flat or up slightly from 2016, driven by more big numbers in North America.
    PS4 Firmware 4.50 Will Bring External Hard Drive Support and More

    PS4 Firmware 4.50 Will Bring External Hard Drive Support and More

    Also custom wallpapers , quick menu refresh , PlayStation Network social status updates, and 3D Blu-ray support for PSVR . Starting today, selected beta users will be able to get an early look at the most important additions of Firmware 4.50.
  • USG Corporation (NYSE:USG), Twenty-First Century Fox, Inc. (NASDAQ:FOXA)

    USG Corporation (NYSE:USG), Twenty-First Century Fox, Inc. (NASDAQ:FOXA)

    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.

    North Carolina's 'Bathroom Bill' May Cost Them Sports Tourism Revenue, Again

    The NCAA and Atlantic Coast Conference relocated several events this academic year because of HB2. Democrats said they objected to a moratorium on local ordinances.

    Violent protests erupt at Berkeley over Breitbart editor's talk

    Police "were equipped to shoot rubber bullets or what have you, and they really didn't do anything". Unfortunately, from the moment he opened his mouth I knew where he was headed.
  • Aguero and Bravo benched as Jesus leads Man City line vs Swansea

    In these last three months that are left I have to help the club and as I say the club will decide if I have a place here or not. When you're on the bench you have to wait for your opportunity.
    Why black history matters: Trump's awkward teaching moment

    Why black history matters: Trump's awkward teaching moment

    Meyers and one of the show's writers, Amber Ruffin , were on top of Trump's Black History Month speech. I'm proud to honor this heritage and will be honoring it more and more.
    USA  army told to pave way for disputed Dakota pipeline

    USA army told to pave way for disputed Dakota pipeline

    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.
  • Reed: EPA nominee shows Trump seeks to undercut agency

    Reed: EPA nominee shows Trump seeks to undercut agency

    Republicans quickly changed the rules to quash the boycott , and voted unanimously to endorse Pruitt. The signatories expressed concern about Pruitt's track record and his stance on climate change.

    Cut off public funds for Planned Parenthood

    She has repeatedly said an organization that provides abortions should not receive federal funding for any services it provides. Ben Cline, R-Amherst, sponsored the legislation, which Republicans overwhelmingly supported and Democrats vigorously opposed.
    Vincent Viola, Trump's Nominee for Secretary of the Army, Withdraws

    Vincent Viola, Trump's Nominee for Secretary of the Army, Withdraws

    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.


Popular

Newcomer De Randamie says 'nobody will forget me' after Holm fight
Coming off a knockout, Ronda or anybody else - I'm not saying it's just her, it's just fighters - you come off from a knockout. Back in the Netherlands, kickboxing is king - or queen - and de Randamie's career in the sport made her a superstar.

Donald Trump Administration To Ration Green Cards, Cut Immigration To Half
Trump, who paid a visit to US Central Command in Tampa, condemned the media for downplaying the terror threat his administration has cited to justify the travel ban.

Jose Mourinho Presser Ahead of the Leicester City Match
Mourinho was obviously quite proud of the win, insisting they would never play in such a counter-attadcking way. It was only 3-0 but United could have scored at least 5 or 6.

Final Fantasy XV Regained Its Development Costs Within a Day of Release
Final Fantasy XV's graphics are very nice but they are limited by console hardware. The PSP version of Dissidia Final Fantasy , however, features one-on-one matches.

Israel Passes Bill That Retroactively Legalizes Jewish Settlements
The apparent message to settlers: Go ahead and establish your outposts anywhere you want on Palestinian land. In parliament on Monday, Shuli Mualem of the Jewish Home dedicated the law to the people evicted from Amona.

Greens want detail on U.S. refugee deal
Tasmanian Greens Senator Nick McKim said Australians deserve to know the facts and trade-offs tied to the agreement. President Donald Trump's order temporarily barring refugees and nationals from seven countries.

Did Ivanka Trump Kill The President's Anti-LGBT Executive Order?
Kushner - a 36-year-old Orthodox Jew who is married to Trump's daughter Ivanka - serves as a senior adviser to the president. It's unclear whether there is any kind of broader "religious freedom" executive order still coming.

Australian PM says not sure how many refugees United States will accept
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.

Hudson's Bay reportedly approaches Macy's about a takeover
For Hudson's Bay , which runs more than 480 stores around the world, buying Macy's would be a splashy way of expanding in the U.S. Department store sales suffered in the latest holiday season as shoppers increased the number of items they bought online.

Google is getting better and better with autonomous driving
Waymo touted the results of the report in a blog post authored by the company's head of self-driving technology, Dmitri Dolgov. Volkswagen and Honda , which both logged miles in 2015, both reported they had logged zero miles in their 2016 reports.