Markets Right Now: S&P 500 ekes out a record at the close
16 Novembre, 2019, 21:37 | Auteur: Auguste Feret
All eyes are on Federal Reserve Chair Jerome Powell's testimony before the House Budget Committee on Thursday after his comments about a "sustained expansion" ahead for the USA economy supported stock markets in the previous session.
Major U.S. stock indexes finished the day near where they ended Wednesday after a disappointing forecast from Cisco Systems sent shares of the networking giant sharply lower. Investors showed concern over progression between the US and China with tariffs and agriculture purchases holding up a new agreement. "They don't want to sell into a possible announced deal, but they also don't want to get whipsawed by, again, some disappointment over it".
At 10:23 a.m. ET the Dow Jones Industrial Average .DJI was up 1.98 points, or 0.01%, at 27,785.57, the S&P 500 .SPX rose 2.08 points, or 0.07%, at 3,096.12 and the Nasdaq Composite .IXIC was down 5.99 points, or 0.07%, at 8,476.11. The VIX Volatility Index was higher at 13.01 for a gain of 0.010 points or 0.077%.
Wall Street capped a wobbly day for stocks with another record-setting finish Wednesday.
The S&P 500 fell 7 points, or 0.2%, to 3,086. Surprisingly good corporate earnings and data showing the economy is still growing solidly have also put investors in a buying mood.
Washington and Beijing have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018, battering financial markets and souring business and consumer sentiment. The Nasdaq down 3 points, less than 0.1%, to 8,482d. Samana said. "The Fed's on hold".
The S&P 500 fell less than 1 point to 3,093.
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The move follows reports that 42 people have died due to vaping-related lung illnesses. We've asked Google if it will be matching Apple's stance in the Play Store.
The Fed cut short-term rates last month for the third time this year, to a range of 1.5% to 1.75%, in a bid to shield the economy from slower global growth and the U.S.
"We have on display this front end of the economy, the USA consumer, that remains resilient and remains in a healthy place in front of a very key holiday spending time frame for the economy", said Margaret Reid, senior portfolio manager at The Private Bank at Union Bank in San Francisco.
About 6.3 billion shares changed hands in USA exchanges, below the 6.9 billion-share daily average over the last 20 sessions.
YIELDS: Treasury yields continued to fall as demand for bonds increased, driving their prices higher. Lower bond yields hurt banks' ability to charge more lucrative interest rates on mortgages and other loans.
Cisco fell 6.4% early Thursday.
Dillard's Inc shares jumped 14.2 percent after the department store chain's quarterly results.
Gold rose $10.10 to $1,471.80 per ounce, silver rose 11 cents to $17.01 per ounce and copper fell 2 cents to $2.62 per pound. Brent crude oil, the global standard, dropped 9 cents to close at $62.28 a barrel. It was below 1.50% in early September and has been rallying with confidence in the economy's strength.
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Surprised commuters spotted the royal disembarking from the Wherry Lines train as she made her way to the hospice. On Friday morning, the Duchess of Cambridge traveled to Norfolk for the launch of The Nook children's hospice .
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Documents filed with the National Highway Traffic Safety Administration didn't say if there had been any fires or injuries. In a statement Friday, Nissan said a seal in the pump can leak brake fluid onto an electronic control circuit board.
Recently, Gates spoke about a proposed wealth tax being campaigned by some Democratic political candidates, including Sen. As of Friday, the Bloomberg Billionaire Index reported the Gates' total net worth comes in at a staggering $110 billion.
This means that we can potentially retrieve related data on the evolutionary line resulting in people", says Frido Welker. It's the first time that such outdated genetic materials have been retrieved from warm, humid surroundings.
He believes in the work I do on Power , so it was only a matter of making sure that that comes across. This was the second time 50 Cent threw shade at the singer/actress - who plays the role of Tasha St.
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Three-quarters of French people surveyed by pollsters Odoxa in October said they thought the movement was not yet over. In many ways it is hard to believe that France's gilets jaunes, or yellow vest, movement is only a year old .
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