Wall Street on the front foot as it recovers after tumultuous week
Wall Street on the front foot as it recovers after tumultuous week
The Dow last week. Markets Insider
15 February, 2018, 15:17
Wall Street's three major indexes rebounded on Monday with broad-based gains as investors regained some confidence after USA equities' biggest weekly drop in two years, but strategists stopped short of calling an end to the market pullback.
On Monday, the Dow, comprising 30 well-known company stocks, surged with Boeing and Apple up more than 4 percent.
All the S&P 500's major 11 sectors rose, though bond-proxy sectors real estate, utilities and telecommunications services underperformed as investors monitored rising interest rates after US 10-year Treasury yields hit a new four-year high of 2.902 earlier in the day.
The market took fright after strong wage-growth data on February 2 raised the specter of rising inflation and fears of accelerated interest rate hikes, which ignited a rally in bond yields and a sell-off in stocks.
Technology companies, the leading sector over the past year, and banks fell the most. It measures the daily stock price movements of 30 large, publicly-owned US companies.
On Wall Street, many companies that rose the most over the a year ago have borne the brunt of the selling.
Stocks got off to a fast start, as expected, with early gains nearly reaching the quantities seen in the whole of Friday's session.
Ravens To Play The Bears In 2018 Hall Of Fame Game
The Baltimore Ravens and Chicago Bears will launch the NFL's 99th season by playing in the annual Hall of Fame game on August 2. Urlacher played for the Bears from 2000-2012, and he and Lewis were often compared to each other throughout their careers.
Frank Reich wants Indianapolis Colts to be 'toughest'
The thing is that most people don't know about Frank Reich because Doug Pederson is the one calling the plays... "I embrace it. Reich brings a creative offensive mind to a team that has lacked creativity and innovation in recent seasons.
Due to possibility of increased interest rates, the markets have been on the edge over the past week.
Economic data is likely to attract attention in the coming days, with reports on producer and consumer prices likely to be in focus amid recent concerns about rising inflation.
"The biggest issue for the bond market is the fact that this deficit is going to continue to grow and grow and grow", said Wedbush's Winer.
USA stocks are posting solid gains Monday as technology and energy companies recover some of their recent losses.
The Dow industrials were up 279 points, or 1.2 percent, to 24,471.
OIL: Benchmark U.S. crude fell 29 cents to $59.00 per barrel in electronic trading on the New York Mercantile Exchange. Disney agreed to buy Fox's movie and television studios and some cable and worldwide TV businesses in December for about $52.4 billion in stock.
Shares of 21st Century Fox added 2.2% after a report that Comcast Corp. may be looking to revive its bid to buy the company's entertainment assets. On Monday General Motors picked up 60 cents, or 1.4 per cent, to $42.06 and Netflix climbed $5.84, or 2.3 per cent, to $255.32. The yield on the 10-year Treasury was 2.858 percent on Monday, compared with 2.829 on Friday.
The dollar rose to 108.65 yen from 108.53 yen. The futures on gold rose by 0.81% to 1,326.30 Dollars per ounce.
The Dow industrials were up 270 points, or 1.1 percent, to 24,461.
Following her performance, a venue staffer asked if they could escort her to a VIP room where the after-party was being held. Read TMZ's report here , and stay tuned as we extract more information on Cardi B's rumored pregnancy.
Pence concluded, "It's just simply wrong for ABC to have a television program that expresses that kind of religious intolerance". The vice president said " The View " hosts insulted the "vast majority of the American people who cherish faith".
The Minister made a statement outside Parliament House on Tuesday, where he issued a public apology to his family. Joyce said that his 24-year marriage with his wife Natalie was "under pressure for some time".
They have enough ways of scoring goals so when Ilkay Gundogan heads in a corner you know you're in for a tough night. We started well, we created chances and managed to win balls but, as I said yesterday, we needed a ideal night.
The Tijuana, Mexico, native was held on $200,000 bail and is set to face the felony drug charges in court Wednesday. As a 35-year-old, Loaiza started five games for the Dodgers in 2007, going 1-4 with an 8.34 earned run average.
The couple called 911 and reported that someone broke into their home and was roaming around the residence. Austin police described Giles as " single, lonely and disturbed ", according to the court documents .
Since then, Taco Bell has been unstoppable when it comes to getting its message before experience-driven millennials. Brands' Pizza Hut concept and, prior to that, with consumer goods company Proctor and Gamble.
A student said, "You've declared a holiday on that day, but telling students to not enter university premises isn't right at all. This order is meant to prevent outsiders from entering the university and polluting the atmosphere here", Singh said.
According to Sigurbergsson's estimations , Bitcoin mining in the country uses more power than all of Iceland's homes, combined. Mining bitcoin - the process of confirming transactions across the blockchain - is an incredibly energy-consuming process.
14 worms pulled from woman's eye after rare infection
She was from the city of Gold Beach, located on Oregon's coast along the Pacific Ocean about 65km north of the California border. Well, it's not; one woman in OR had irritation in her left eye and doctors eventually extracted 14 worms.
Judge Upholds Warrant for Julian Assange's Arrest
Assange's supporters regard him as a champion of freedom of speech who has exposed inconvenient truths at great personal cost. The court was tasked with ruling on a legal bid to dismiss any further action against Assange on the charge.
Kluivert names four potential Premier League clubs
And asked whether he would ever move to Premier League, Kluivert, 18, told Helden: " If you get a nice offer, you never know ". However the Toon Army was not among the clubs Kluivert Jr.name-checked when discussing his future.
Windows Defender ATP Comes To Windows 7 And 8.1
The release targets the users who are now in transition and still have at least Windows 7 devices in possession. So, Microsoft is adding Windows Defender ATP "down-level support" for Windows 7 and 8.1.
With 177 cr asset,Chandrababu richest CM, Manik Sarkar poorest
While the ADR analysis shows that 25 out of the total 31 CMs are crorepatis , the average asset per CM is just over Rs 16 crore. The top spot in this list goes to Maharashtra CM Devendra Fadnavis with a total of 22 criminal cases registered against him.
Make your Valentine's Day special with Messenger
For those who like to personalize their chats, red is the most popular chat color and ❤is the most popular custom emoji. Facebook has not said how long the feature will be active for, but it will go live for users on Valentine's Day itself.
Potter stuns top PGA names to land Pebble Beach victory
When he bogeyed the opening hole Sunday you could sense the experts nodding to themselves... there he goes out of the mix. That changed when he tapped in for par on the 18th hole, and he choked back emotion of a week he won't soon forget.