Trade war thaw and European Central Bank stimulus hopes buoys stocks
13 Septembre, 2019, 04:44 | Auteur: Auguste Feret
U.S. stocks opened on Thursday after the United States delayed scheduled tariff hikes on billions worth of Chinese imports, and the European Central Bank cut interest rates in an effort to boost euro zone economic growth.
At 13:50 a.m. ET, the Dow Jones Industrial Average was up 155.02 points, or 0.57 percent, at 27,292.06, the S&P 500 was up 18.54 points, or 0.62 percent, at 3,019.47 and the Nasdaq Composite was up 53.61 points, or 0.66 percent, at 8,223.29.
Stocks moved higher Thursday, with the S&P 500 briefly topping its July 24 closing high, pushed higher by a thaw in U.S.
The December gold contract was up US$4.80 at US$1,508.00 an ounce and the December copper contract was up 3.25 cents at US$2.65 a pound.
Technology, financial and consumer-focused stocks helped power the modest rally, which extended the market's solid gains from the day before despite losing some momentum in the final hour of trading.
In New York, the benchmark S&P 500 index, which had been essentially flat since Friday, is on track for its third straight weekly gain.
Industrial bellwethers Deere & Co and Caterpillar Inc ended the session down 1.1% and 1.0%, respectively, after Wells Fargo downgraded their shares to "market perform".
China on Wednesday unveiled the first set of USA goods to be excluded from the first round of additional tariffs on US products, which will help effectively deal with economic and trade frictions and ease enterprises' burdens, experts said.
The decision comes after China extended an olive branch by exempting some US anti-cancer drugs and other goods from additional tariffs, ahead of planned high-level trade negotiations.
The two countries' conciliatory moves Wednesday and Thursday have raised hopes on Wall Street that the upcoming round of trade negotiations may yield a different outcome than previous attempts. -China trade scenario and a batch of economic data.
The S&P 500 posted 39 new 52-week highs and one new low; the Nasdaq Composite recorded 81 new highs and 20 new lows.
Chipmaker Intel gained 0.4%, while Advanced Micro Devices rose 1.5%.
Energy stocks fell 0.78% and were the biggest drag on the S&P, as oil prices fell after a meeting of the OPEC+ alliance yielded no decision on deepening supply cuts. UnitedHealth Group fell 1.8%.
The yield on the 10-year Treasury rose to 1.74% from 1.73% a day earlier. Medical device maker Abbott gained 1.3%. The pound rocketed to a six-week high on Monday, reversing last week's losses as investors welcomed the British parliament's move to block a no-deal Brexit on October 31.
Investor confidence got an early boost from the European Central Bank, which promised continued stimulus to the ailing eurozone economy through asset purchases.
Benchmark crude oil fell 66 cents to settle at $55.09 a barrel. Declining issues outnumbered advancers for a 1.07-to-1 ratio on the Nasdaq. The euro strengthened to $1.1073 from $1.1007.
The dollar rose to 108.14 Japanese yen from 107.79 yen on Wednesday.
Attendu au tournant pour ses débuts à l'Olympique de Marseille , Dario Benedetto a su répondre aux critiques. " J'ai eu du mal . C'est normal, ce n'était pas à moi de le tirer. "Je voulais me donner de la confiance", a expliqué l'avant-centre olympien.
Arun Jaitley was the president of DDCA for 13 years and did a lot and I am very happy that we renaming this stadium after him. Virat Kohli and Anushka Sharma at an event in Delhi on renaming #FerozShahKotla Stadium to #ArunJaitleyStadium .
And now the hopes of the Foxes fans will go up even higher since Man United might be without a series of their first-team players. But in recent times, both Wenger's old club Arsenal and their rivals Manchester United have fallen down the pecking order.
The suspect was identified as Antwann Brown, an employee at Dyke Industries, a building materials company in an industrial park. Outlaw says the department doesn't know what Brown did exactly during the time between clocking out and engaging the victims.
Habibie ushered in a number of democratic reforms, including greater press freedoms and the release of political prisoners. His father was of native Sulawesi descent and his mother a Javanese noblewoman from the historic sultanate of Yogyakarta.
Navalny had asked his supporters to vote for whichever candidate had the best chance of defeating United Russia in their district. Kira Yarmysh, Navalny's spokeswoman, said on Thursday that the scale and nature of the latest raids were unprecedented.
Ring Fit Adventure will launch on October 18 for $79.99 (UK price TBA), including a copy of the game, a Ring-Con, and a Leg Strap. While you're moving through the level, monsters will sometimes block your progress and kick off Fit Battles.
Therefore the reason for his death was not "attributable to his work but to the sexual act he had with a complete stranger". The provider defended its position by insisting that sexual activity was normal, "just like as taking a shower or a meal".
He believes that through the sale of their 5G tech, it could drive them to make even better and newer tech. When asked if this is a sign of desperation as pressure mounts on its consumer business front.
Last week, she flew to NY to support her friend, tennis player Serena Williams , at the US Open Championships on September 7. The launch will be Meghan's first official public engagement since welcoming Archie on May 6.
Former top-ranked Kim Clijsters planning return to tennis
This marks the second time in the Belgian's illustrious career that she will return to the tour after an extended hiatus. Clijsters' last singles match was in the second round of the 2012 US Open but Clijsters' record speaks for itself.
Former 'Southern Charm' star pleads guilty to assault on nanny
They also corroborated the incident date and location through employment records of the victim and Ravenel, the affidavit states. Ravenel has previously drawn criticism for dragging Ledwell and her husband into his caustic custody battle with Dennis (below).
Aug Retail Inflation Up At 3.21% On High Food Prices
They were driven by a 1.4 per cent surge in the price of hospital services, which was also the biggest increase since August 2016. The Labor Department reported that its consumer price index edged up a slight 0.1% in August, down from a 0.3% rise in July.