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 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.
Mr Farage has claimed he had repeatedly been offered a seat in the House of Lords in an attempt to persuade him to "go quietly". A spokesperson for the Conservative Party said: "We don't do electoral pacts - our pact is with the British people".
He'll come up against Thiem, who impressed by beating those same two players in the group phase this week. Coming into the match, the Greek 21-year-old led the tournament in service games won, with 35 out of 37.
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.
Back in September, we posted a report about director Jon Favreau looking into creating a new Star Wars Holiday Special . Episode 2, deftly directed by Dope helmer Rick Famuyiwa, functions much the same way for the audience.
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.
Yovanovitch said she was "shocked and devastated" that she would be featured in a call between two heads of state in that manner. Citing "freedom of speech, ' President Trump says he has 'right to speak"; chief White House correspondent John Roberts reports.
The highlight of Wilson's 67 was a chip-in on the 15th, while Kinhult recovered from being three over after six holes in a 70. He drew level with Lombard after a birdie on No. 16 but missed the green at the last and had to settle for a bogey.
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.
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