Wall Street steady as virus fears build; E*Trade surges on buyout deal
22 Février, 2020, 03:22 | Auteur: Auguste Feret
As a matter of fact, United States stocks kept rising following the last FOMC minutes when the Fed Chair Jerome Powell had been expressing a cautious optimism on holding the benchmark interest rate steady throughout this year, while fewer number of newer coronavirus cases had added to investors' optimisms further.
The Dow Jones Transportation Average rallied 44 points, or 0.4%, in afternoon trading Thursday, with 13 of 20 components gaining ground, to defy the selloff suffered by the broader market indexes.
Seven of the 11 primary S&P 500 sectors ended lower, with technology down 1.01 percent, leading the laggards. The Nasdaq Composite Index climbed 84.44 points, or 0.87 percent, to 9,817.18.
China reported a jump in new cases on Friday, while South Korea became the latest hot spot with 100 new cases and more than 80 people tested positive for the virus in Japan.
"The overlying question is the uncertainty over the coronavirus and whether it's going to spread further and impact global economic activity before things stabilize and ultimately get better", said Michael Sheldon, executive director and CIO at RDM Financial Group at Hightower in Westport, Connecticut.
NASDAQ measures a number of indices reflecting the reaction of USA's high tech markets and business environments on the country's political and economic developments which have an impact on high tech markets. "Thus, a near-term hit to corporate earnings now looks unavoidable". Data from the China Passenger Car Association showed auto sales plummeted by 92% in the first two weeks of February.
Irish PM Varadkar set to quit as parliament returns
Deputy Joe carey is commenting after the leaders of both his party and Fianna Fail agreed to meet next week for exploratory talks. Varadkar said he would stay on as caretaker leader after he tenders his resignation to Irish President Michael D.
US stocks fell further on Friday after data showed USA business activity in the manufacturing and services sectors stalled in February, as companies grew increasingly concerned about the coronavirus. Some U.S. companies, including Apple, have also warned this week about possible revenue headwinds due to the virus.
The risk-off sentiment drove up gold and bond prices, while falling Treasury yields hit shares of lenders, with the S&P banks index down 1.2%.
"This seems like a textbook defensive rotation", said Frank Rybinski, a macro strategist at Aegon Asset Management.
In economic data, USA initial jobless claims were unchanged at 210,000 for the week ended February 15, the Labor Department said.
"Markets had their first real "shot across the bow" in a few weeks time, with a sudden swift pullback to multi-day lows, which was severe enough to cause some rapid buying of volatility", said Mark Newton, a managing member at Newton Advisors. Dropbox soared more than 22% after posted a profit that topped estimates.
On Saturday afternoon, MI will travel to West Lafayette, Indiana to take on Purdue (14-12, Big Ten 7-8) at 2:00 p.m. on ESPN. MI then plummeted out of the rankings altogether with a 4-8 stretch that ended with a four-game losing streak.
Dolores est clairement en pleine vendetta et elle a l'intention de tuer tout le monde mais Maeve a pour mission de la tuer. Attendue pour le 16 mars sur OCS en France, cette saison 3 de Westworld s'annonce explosive et passionnante.
Xavier Tillman, playing three days after his wife gave birth to the couple's second child, had 10 points and 11 rebounds. The Badgers had a rate of 0.611 (above their season average of 0.493), while the Cornhuskers posted a mark of 0.446.
Kase has racked up 96 points in 198 National Hockey League games, across four injury plagued seasons. The 24-year-old was drafted in the seventh round (205th overall) by the Ducks at the 2014 NHL Draft.
Bloomberg was attacked repeatedly this week in his debut debate for declining to release women from the nondisclosure agreements. Although he didn't mention Warren, he warned that "the real victor of the debate last night was Donald Trump".
When Trump fired Maguire, Democrats accused the president of trying to suppress critical intelligence information. At issue was an election briefing to House members last week by Shelby Pierson, the DNI's election security czar.
Another 34 cases were found at Shilifeng Prison in Zhejiang Province, leading to the ouster of its director and another official. More than 18,260 people have been discharged from hospitals after successfully recovering.
If they had unanimously found him guilty on counts one and three, however, he could have been sent to prison for life. Friday, which marked the fourth day of deliberations, had been set to end early at 3 p.m.
Harry and Meghan to finish up Royal duties at end of March
The Sussexes will announce details of their new non-profit organisation later in the year, a spokeswoman for the couple said. A royal source with PEOPLE , meanwhile, expressed that Meghan and Harry are already aware and working to address this.
A split weekend of weather
High temperatures will be around 40 on Saturday and middle 40s for Sunday! Sunny and warm with light winds through the afternoon. Thursday - Snow showers likely. 7-Day Weather Forecast, brought to you by Ramada by Wyndham, Clarion, PA .
Bloomberg says 3 women can be released from NDAs
He is now polling in third place nationally, behind Sanders and former vice president Joe Biden. Denton said former Vice President Joe Biden, and Senator Elizabeth Warren also performed well.
Lightning acquire F Coleman from Devils
He's poured in 21 goals in 2019-20, one marker shy of the career high he established while playing 21 more games last season. The pick, which Tampa owned the rights to, will be a first-rounder in the 2020 draft if the Canucks make the playoffs.