Stocks Edge Higher After Trade Deal Signed

16 Janvier, 2020, 09:40 | Auteur: Auguste Feret
  • Stocks hit record ahead of U.S.-China trade deal dollar gains

"The signing of the trade deal is a welcome step in the de-escalation of the trade war which has weighed heavily on the US and global economies", said Luke Tilley, chief economist at money manager Wilmington Trust Delaware.

Health care stocks accounted for much of the market's gains.

U.S. Treasurys gained, lowering the yield on the 10-year note by 2.6 basis points to 1.792 percent. Utilities and makers of household goods also rose. UnitedHealth Group rose 2.8% after solid fourth-quarter earnings report. But the deal does not remove existing tariffs. Investors had been eagerly awaiting the signing of the so-called phase one trade agreement as the conflict between the world's largest economies has dragged on for almost two years.

Expectations for the corporate earnings season were relatively low.

"We're expecting a reacceleration in the back end of the year, so any (company) guidance that brings any type of skepticism to that could threaten the recent rally we've had and the gains that we've accrued in the past few months", he said.

A survey of business conditions in various Federal Reserve districts, known as the Beige Book, was released on Wednesday, indicated economic activity expanded modestly during the final six weeks of 2019 and the labor market remained tight with businesses reporting difficulty finding workers, although there were job cuts in the manufacturing, transportation and energy sectors. Its stock rose 2.8%.

The deal commits China to do more to crack down on the theft of American technology and corporate secrets by its companies and state entities.

Other health insurers also moved higher. Microsoft rose 0.8% and Advanced Micro Devices gained 0.9%.

Women of Color Snubbed Again During Oscars Nomination
Jennifer Lopez's love don't cost a thing-but there's one thing that has her love for life. Lopez , who was also a producer on " Hustlers ", has not yet responded on social media.

Spurs’ Rudy Gay turns back the clock with massive poster dunk
With Siakam cooled off, Kyle Lowry , Serge Ibaka , and Powell did the best they could ahead. Asked for his thoughts on Lowry's play this season, DeRozan said: "He's been bad ".

Ex-Louisville coach Bobby Petrino to Missouri State
He also spent part of one season coaching the NFL's Atlanta Falcons , where he coached 13 games in 2007 before abruptly resigning. However, after a 3-10 start, Petrino resigned in the middle of the season and returned to college football in 2008 at Arkansas.

Many investors, however, are already looking ahead to a potentially rosier earnings outlook once Washington and China resolve their trade dispute.

West Texas Intermediate crude oil added 0.5% to $58.10 a barrel. The pickup in mortgage applications reflects heightened demand for homes and suggests many people are eager to buy a home now rather than waiting for the traditional late-February start of the spring homebuying season.

And Target (TGT) lost 6.6% after reporting disappointing holiday same-store sales. Hovnanian Enterprises climbed 4.5%.

Target's comparable sales grew just 1.4 per cent in November and December, with weakness in electronics, toys and some other categories weighing on performance.

In commodities, USA crude oil futures tumbled 0.7% to $57.81 after new government data showed a huge increase in stockpiles of oil and processed fuels. Brent crude oil, the worldwide standard, dropped 49 cents to close at $64 a barrel. Heating oil declined 3 cents to $1.88 per gallon. The euro strengthened to $1.1150 from $1.1128.

The dollar rose to 109.88 Japanese yen from 109.93 yen on Tuesday.

UnitedHealth Group Inc UNH.N , the largest US health insurer, rose 2.8% as it affirmed its full-year outlook for 2020 adjusted earnings. The Shanghai Composite closed 0.5% lower.



Bellaire High School Student Shot, Gunman at Large
A 16-year-old student was shot to death Tuesday at a Texas high school, and a suspect was arrested hours later, officials said. There were conflicting media reports about whether the shooting occurred inside or outside of the school building.

UEFA 'team of the year' includes Messi but zero Madrid players
Barca this week appointed a new head coach, with Quique Setien replacing Ernesto Valverde, despite the club sitting joint-top of the table with Madrid .

Springboks nominated for Laureus Team of the Year
The World Cup-winning Springboks have been nominated in the Team of the Year category at this year's Laureus World Sports Awards. Tennis has come away with at least one win in 17 of the 20 awards shows.

SGA Gets First Triple Double in Thunder Win at Minnesota
Gilgeous-Alexander is now averaging a team-high 19.9 points to go with 5.7 rebounds, 2.9 assists and 1.2 steals per game. He achieved the feat during the Thunder vs Timberwolves game on Monday night (Tuesday morning IST).

National Football League considering amending Rooney Rule
One idea Rooney discussed was expanding the policy to include coordinator positions and other levels of coaching. As it appears right now, there just weren't very many minorities in the process at all this year.

Disney+'s Stargirl Premiere Date and Trailer
The " America's Got Talent " season 11 victor is making her debut in the acting world with a leading role in the new Disney+ film, " Stargirl ".

Cynthia Erivo Stuns in Geometric Gown at Critics' Choice Awards 2020
Cynthia's casting in Harriet earned criticism from some who felt an African-American should have been chosen for the role. Prominent Pakistani actor Mehwish Hayat like many others have criticised Oscar 2020 nominations over lack of diversity .

All Elite Wrestling Extends WarnerMedia Deal Through 2023, Adds New Night - TCA
Before and after the show, matches are taped for AEW Dark , which airs Tuesdays at 7 p.m. Cody Rhodes and Tony Schiavone in the ring in Pittsburgh in October 2019.

Being rich "can add nine healthy years to your life"
Yet research has previously shown that such a divide has less to do with age and more to do with health care (or lack thereof). A new study found that those who are richest live much more years without disabilities than those who are poorest.

Charles Leclerc: I won't crash with Ferrari team-mate Sebastian Vettel again
Charles Leclerc admits his Ferrari Formula 1 team-mate Sebastian Vettel's race pace is "stronger" than his and that he must focus on improving it in 2020.