Wall Street enters third day of gains as trade fears ease
11 Juillet, 2018, 07:04 | Auteur: Auguste Feret
US stocks rose on Monday, with bank stocks leading third day of gains in a row after strong U.S.jobs data from last week helped investors brush aside trade concerns.
Industrial, energy and consumer discretionary shares also rose sharply, while S&P utilities and telecommunications - among the market's recent outperformers - led percentage declines.
The S&P banks index climbed 2.7 percent, registering its biggest daily percentage gain since March 26. The S&P 500 gained 9.67 points, or 0.35 percent, to 2,793.84.
JPMorgan, Wells Fargo and Citigroup are scheduled to report results on Friday, kicking off the second-quarter earnings season in earnest.
Earnings for the second quarter are projected to rise 20 per cent or more compared with the year-ago period, thanks to a strong United States economy and the boon from last year's massive corporate tax cuts.
The United States and China engaged in tit-for-tat tariffs on Friday, both countries imposing duties worth $34 billion on each others' goods.
A Bank of America Merrill Lynch Global Research report showed earnings per share for S&P 500 companies for 2018 was revised higher amid better-than-expected first-quarter results, higher oil prices and stronger-than-expected US economic growth.
Caterpillar rose 3.8 percent, providing the biggest boost to the Dow.
"Once we get past these talks, which we view as a negotiating tactic by the Trump administration, this sector will jump", she said on a conference call previewing earnings.
The Dow Jones Industrial Average rose 314.81 points, or 1.29 percent, to 24,771.29, the S&P 500 gained 21.07 points, or 0.76 percent, to 2,780.89 and the Nasdaq Composite added 50.40 points, or 0.66 percent, to 7,738.79.
Overall, S&P 500 companies are expected to post second-quarter profit growth of around 21 percent, slightly higher than what was forecast in April, according to Thomson Reuters data.
Twitter Inc sank after the Washington Post reported the social media company suspended more than 70 million fake accounts in May and June, which analysts said could be negative for user growth, but it pared losses after its CFO tweeted that most accounts Twitter removes are not included in reported metrics. The stock ended down 5.4 percent.
Advancing issues outnumbered declining ones on the NYSE by a 1.77-to-1 ratio; on Nasdaq, a 1.65-to-1 ratio favored advancers.
US -listed shares of Chinese companies Alibaba, JD.com and Baidu climbed after KeyBanc recommendations on the stocks.
The updated restart has muted USA crude's gains and helped widen the difference between the two benchmarks, said Yawger. The updated timeline has muted USA price gains and widened the difference between the two benchmarks, said Yawger.
The series will begin filming in in Belfast, though it could incorporate other locations, as Thrones is now famous for doing. Of course, this is just the pilot; it may never be ordered to series or be entirely reworked after filming.
Two divers accompanied each of the boys, all of whom have been learning to dive only since July 2, when searchers found them. For the last several days, crews have been trying to drain enough water out of the cave to make the rescue easier.
Throughout the search for Trump's second Supreme Court nominee, Kavanaugh was a favorite of the conservative legal cognoscenti. The nomination is poised to cement the Supreme Court's conservative majority, vastly reshaping the court for decades to come.
He said cooking the vegetables should kill the bacteria, but warned against eating undefrosted or undercooked frozen vegetables. Woolworths has recalled its Savory Rice Mix product after one of its suppliers was identified as a likely source of Listeria.
The country has been one of the major influencers on the arts, boasting authors such as Albert Camus and Victor Hugo. They won the World Cup they last hosted in 1998, beating Brazil 3-0. "A bet's a bet", he tweeted as the goal went in.
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