Markets Right Now: S&P 500 ekes out a record at the close

16 Novembre, 2019, 21:37 | Auteur: Auguste Feret
  • Dow jones Price Chart

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.

Blazers’ championship odds before and after Carmelo Anthony signing
It's unlikely that Anthony is ready to suit up two days after signing his contract to compete against the Spurs on Saturday. After making it to the Western Conference Finals last season, the Blazers have started this season slow.

Oil prices hike to $62 amid hopes for US-China trade talks
Meanwhile, Wood Mackenzie Ltd. said it sees a "pretty high chance" that Opec and its allies will slightly extend production cuts next month.

Bale says he gets more enjoyment from Wales than Real Madrid
There was a time where we were relying a lot on them and most of the goal involvements were just those two. Wales take on Azerbaijan on Saturday and then Hungary on Tuesday.

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.



First look at Michael Sheen playing Chris Tarrant unveiled
Whittock will be played by Michael Jibson and Ingram's wife, Diana, will be played by Fleabag actress Sian Clifford. AMC revealed a first look at Michael Sheen as TV Presenter Chris Tarrant in the upcoming three-part drama, Quiz .

Wiseman withdraws lawsuit, Memphis works on eligibility
University of Memphis student-athlete James Wiseman has chose to withdraw his lawsuit against the NCAA and the University. Pending that notification, Wiseman will be withheld from competition but will continue to practice with the team.

Appeals court rejects Trump Attempt to Protect taxes
Trump promised to release his financial records during his 2016 presidential campaign, but has refused to do so. The administration has persisted to face its ground in opposition to all efforts to kind Trump's tax returns.

USA prosecutors probe Trump lawyer Giuliani ties to Ukrainian projects, reports WSJ
The White House denounced the impeachment hearings as a "witch-hunt" and downplayed the serious corruption allegations. Neither Giuliani nor a lawyer who represents him immediately responded to requests for comment.

Netflix va produire un nouveau volet du
D'ailleurs, Eddy Murphy avait annoncé le mois dernier que le tournage du Flic de Beverly Hills 4 devait commencer prochainement. Pour ce quatrième épisode tant attendu, c'est Adil El Arbi et Bilall Fallah qui seront derrière la caméra.

Clashes in Paris on 'Gilet Jaune' protests anniversary
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 .

'Joker' expected to cross $1 billion global box office milestone
In other words, even if Ryan Reynolds' and Ben Affleck's Netflix films end up with record-breaking streams, they won't see another dime.

Notre-Dame: "Qu'il ferme sa gueule!" lance Georgelin à l'architecte
Sur RTL, Philippe de Villeneuve a mis sa démission dans la balance: " Je suis dans la restauration de ce qui existe ". C'est une guerre d'influence qui se joue, dans l'ombre du chantier de Notre-Dame de Paris, entre deux hommes.

Wealthy South Korea should pay more for keeping U.S. troops: Esper
Esper traveled to Seoul to hold an annual Security Consultative Meeting with South Korea's Defense Minister Jeong Kyeong-doo. That demand was made during a high-level defence policy meeting in Seoul .

Raheem Sterling Addresses England Fans After Wembley Crowd Booing
The Three Lions secured their spot at next summer's tournament with an emphatic 7-0 win over Montenegro on Thursday night. 'We are all looking forward to it.