Dow, S&P 500, Nasdaq surge to records on strong earnings

27 January, 2018, 20:34 | Author: Larry Hoffman
  • Trump Rallies Dollar in Davos, While Dow Manages Record Close

Futures for the Dow Jones Industrial Average were up 54 points, or 0.2%, at 26,430, S&P 500 futures were up 0.3% at 2,850, while futures for the Nasdaq-100 were showing a gain of 0.5% at 6,966.25.

Pfizer (N:) and Gilead Sciences (O:) also rose, pulling higher the S&P healthcare index by 1.14 percent, the biggest gainer among the 11 major S&P sectors.

Stocks moved to the upside early in the session amid a positive reaction to the latest batch of earnings news, with results from most big-name companies topping estimates.

In a weekly note on capital flows, Bank of America Merrill Lynch analysts said that 98 percent of global equity markets are now trading above 50 and 200-day moving averages, though the pace of the melt-up meant a correction was now increasingly likely.

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But Wynn Resorts plummeted 10.1 per cent after the Wall Street Journal published an investigation outlining numerous complaints of sexual misconduct by billionaire casino mogul Steve Wynn.

Canada's main stock index rose on Friday, led by shares in Bombardier, which closed up 15 per cent after it won an unexpected trade victory against US planemaker Boeing Co. On the Nasdaq, 1,451 issues rose and 1,403 fell.

The advance by the Dow was partly due to a strong gain by 3M (MMM), with the diversified manufacturer rising by 1.9% after reporting better than expected fourth quarter results and providing upbeat guidance.

These are record earnings for the Dow Jones and S&P 500. Of the 133 companies in the index that have reported through Friday, 79.7 per cent have topped expectations. The greenback was down 0.34 percent against a basket of major currencies.

New Mexico's jobless rate fell to 6 percent last month
Jobs in trade, transportation, and utilities declined 1,200, largely affected by retail trade (-1,500). Fairfield County continued to have the highest unemployment rate at 9.5 percent.

U.S. Treasury prices ended mostly higher, with the benchmark 10-year yield sliding 3 bps to 2.62% and the two-year yield finishing flat at 2.08%.

The MSCI world equity index, which tracks shares in 47 countries, was on track for its 10th week of gains, and the Dow and S&P 500 hit record highs.

S&P 500 measures the performance of 500 widely held common stocks of large-cap USA companies. S. crude rose 0.89 percent to $66.09 per barrel and Brent was last at $70.47, up 0.07 percent on the day. The Nasdaq composite gained 31 points, or 0.4 percent, to 7,443.

Bond prices turned higher.

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The Pittsburg County sheriff said about two-dozen people were working on the rig when it exploded. He said the fire "is kind of containing itself" and crews will "let it run its course".


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    It will be found within Settings Battery , and the company says the feature will be available for iPhone 6 and later models. Among the companies that will support Business Chat when it comes out are Discover, Hilton, Lowe's , and Wells Fargo .
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    Spanish driver Carlos Sainz wins second Dakar Rally title

    Dakar" for his 13 victories in different categories of the rally , finished fourth overall. South African Giniel de Villiers won the 74-mile final stage in Cordoba.
    Former soccer star George Weah inaugurated as Liberia's president

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    President Muhammadu Buhari was represented by Vice President Yemi Osinbajo. "I have many plans for Liberia ". NAN reports that crowds of enthusiastic Liberians thronged the stadium, singing, dancing and waving flags.
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    The owner of the field, Denise Stillman, has started a GoFundMe campaign to raise money to fix the Field of Dreams . Recently, vandals drove a auto over the famed field in Dyersville, Iowa , causing an estimated $15,000 in damages.
    McIlroy ahead of schedule in 2018

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    So it's been nice to start the last couple weeks like that", he added. "No complaints about last week", McIlroy said. The greens in the morning are ideal and there wasn't much wind for probably the first 12 or 13 holes.
  • FSU Quarterback Under Investigation for Domestic Violence Incident

    FSU Quarterback Under Investigation for Domestic Violence Incident

    Francois missed most of Florida State's 2017 season after tearing his left patella tendon during a season-opening loss to Alabama. His injury cost him the rest of the season, as he did not return to the field for the Seminoles following the season opener.
    Cam Newton suffered knee injury against Saints

    Cam Newton suffered knee injury against Saints

    But David Onyemata came in to finish the job and took Newton down with a violent hit to the head that Newton didn't see coming. Newton was immediately evaluated for a concussion and cleared by the team physician and unaffiliated neurotrauma consultant.
    National Football League  says Raiders complied with Rooney Rule in hiring of Jon Gruden

    National Football League says Raiders complied with Rooney Rule in hiring of Jon Gruden

    In 2003, the National Football League fined the Detroit Lions $200,000 for violating the Rooney Rule when hiring Steve Mariucci. Gruden is in his second stint as coach of the Raiders after being traded by Oakland to Tampa Bay following the 2001 season.
  • Once in a blue moon

    Once in a blue moon

    That means the moon will pass through the Earth's shadow and take on a reddish glow ― which gives it the nickname " blood moon ". Speaking of admiring it, not everyone will be able to see the entire eclipse in person, as viewing will be best in the West.
    U.S.  crude oil inventories down for record 10th week

    U.S. crude oil inventories down for record 10th week

    Brent for March settlement rose 57 USA cents to end the session at US$70.53 on the London-based ICE Futures Europe exchange. Gasoline futures edged up 0.77 cents, or 0.4%, to $1.9164 a barrel.
    Padmaavat protests: Supreme Court to hear plea by Rajasthan, Madhya Pradesh today

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    A Bench led by Chief Justice of India Dipak Misra posted the hearing on the States' applications for modification for January 23. Speaking to reporters after a programme here, Chouhan said: "We would once again knock on the apex court's doors".


Apple's HomePod Ships With 2 Meter, User-Replaceable Power Cable
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Russia's Syria congress to call for vote on country's future: RIA
De Mistura says the only sustainable solution to the Syrian crisis is through an inclusive Syria-led political process. The agreement was reached in Vienna between the Syrian opposition and Russian Federation .

Bank of America eliminating free checking accounts
The last group was notified in October and moved over on Friday. Students and customers in a rewards program are also exempt. One called it an unnecessary burden on the poor.

World Leaders Plan Walkout During Trump's Davos Address
With Kagame, Trump will likely try to turn a page on his reported derogatory comment about "shithole" African countries. Meanwhile much-vaunted efforts to reach a bilateral trade deal are on hold until Britain actually leaves the EU.

Turkey's grounds for Afrin operation 'sufficient,' Dutch FM says
Some of the victims have life-threatening injuries", the Province Governor Mehmet Tekinarslan said on NTV television. The PKK is the Kurdistan Workers' Party (PKK), a Marxist, anti-Islamist terrorist organization.

Palace releases official engagement photos - look at that ring!
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SpaceX has test fired its Falcon Heavy rocket
If successful, his red sports auto will end up in a long, oval loop around the sun, traveling as far out as the orbit of Mars. A French space reporter just yelled "It's like the 4th of July!" All three boosters - 27 engines in all - were tested.

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Fb to let customers rank what information sources are reliable
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Two improvised explosive devices go off at Eagle Ridge Mall
Penney. "It's very concerning to us", Lakes Wales Deputy Police Chief Troy Schulze said at a press conference on Sunday. Lake Wales police responded, with the bomb squad as well as assistance from the Hillsborough County Sheriffs Office.