Wall Street higher as energy stocks gain on oil rally
Wall Street higher as energy stocks gain on oil rally
Trader Craig Spector center works on the floor of the NYSE on Friday
12 May, 2018, 06:41
All told, the S&P 500index added 4.65 points, or 0.2 percent, to 2,727.72.
At 11:24 a.m. EDT the Dow Jones Industrial Average.DJI was up 18.37 points, or 0.08 percent, at 24,378.58, the S&P 500.SPX was up 7.16 points, or 0.27 percent, at 2,679.08 and the Nasdaq Composite.IXIC was up 9.96 points, or 0.14 percent, at 7,276.87. Oil futures have remained near their highest level since 2014 this week following the Trump administration's decision to re-impose sanctions Iran, the world's fifth-biggest oil producer.
The price of oil ended 2.4 percent lower Tuesday, paring some of its earlier losses.
Cognizant Technology Solutions Corp.'s stock sank 5.3% after it provided an outlook that was below expectations. Brent crude, which is used to price worldwide oils, gained $2.11, or 2.8 percent, to $76.96 per barrel in London.
The Nasdaq is up 436.51 points, or 6.3 percent.
TripAdvisor soared 20 percent after reporting higher earnings than analysts expected.
With March-quarter reports mostly wrapped up, S&P 500 companies appear to have grown their earnings per share by 26 percent, according to Thomson Reuters I/B/E/S.
Trade Desk vaulted 43.4 percent to $75.61 after the digital advertising platform company raised its annual forecasts after a strong first quarter.
Walmart dropped 3.6 percent after it acquired a controlling stake in Indian e-commerce firm Flipkart for about $16 billion, the US retailer's biggest foreign investment. The move would mark Walmart's biggest acquisition yet.
Chipmaker Nvidia reported solid quarterly results, but shed some of its recent gains, sliding 2.2 percent to $254.53.
WEAK SAUCE: Papa John's worldwide dropped 4.36 percent to $56.17 after the pizza chain's first-quarter results fell short of analyst estimates.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.99 percent.
The S&P 500 rose 25 points, or 1 percent, to 2,697. "It is the impact of the rates rising facing an expensive capital markets". Financial sector stocks rose as a result. Google's parent company, Alphabet, rose 2.9 percent and Bank of America also rose 2.6 percent.
The dollar fell to 109.30 yen from 109.37 yen on Thursday.
For the week, the Dow notched a gain of 2.3 percent, while the Nasdaq finished 2.7 percent higher. The euro strengthened to $1.1945 from $1.1927.
The tech sector slipped 0.32 percent, with Apple Inc dropping 0.38 percent after a nine-day winning streak that saw the iPhone maker edge closer to $1 trillion in market capitalization. Hong Kong's Hang Seng index added 0.4 percent. Stocks rose in Taiwan, Singapore and Indonesia, but fell in Thailand and the Philippines.
A neural network that Google developed two years ago can detect evidence of diabetic retinopathy using just the images of the eye. The new Assistant, which features both male and female voices, is built on a machine learning technology called Wavenet.
But more important than confirming the pregnancy, this points to there being a time jump from Infinity War to Avengers 4 . To celebrate the grand success of the Avengers: Infinity War , the cast of the film got matching tattoos recently.
The girl can be seen rolling onto the pavement at a gas station as the carjacker drives off in her father's SUV. The stolen auto was found less than an hour later and an Illinois State Trooper arrested Tyrelle L.
Her groom, businessman Anand Ahuja was wearing Raghavendra Rathore's beige colored bandhgala on the wedding. With bold red lips and sleek straight hairstyle, Sonam was ready for the best night of her life.
Tirupati urban superintendent of police Abhishek Mohanty said, "A stone is said to have been thrown at a private auto ". Chief Minister N Chandrababu Naidu condemned the unruly behaviour of his Telugu Desam Party workers in Tirupati .
The verdict, which came on the first full-day of deliberations, was a repeat of the outcome in Silver's first trial in 2015. Silver, a Democrat, represented Manhattan's Lower East Side, and was Assembly speaker from 1994 to 2015.
When you've lived for 112 years, there's not a lot someone can give you for your birthday that you haven't already received. America's oldest living man and the oldest World War II veteran, Richard Overton, is celebrating another birthday.
This automatically makes everyone speculate that her first post will be straight from Riverdale's stylish carpet. The source further added that her fans have been for their beauty queen to be on social media since ages now.
I will go as strong as I possibly can to get the points - we owe it to the fans, and everyone else at the club to win the game. A loss will mean they will remain level on points with Southampton and three points above Swansea City .
A stock that has a beta score higher than 1 means that volatility is high, while less than 1 means that volatility is low. Amundi Pioneer Asset Incorporated has 0.02% invested in Symantec Corporation (NASDAQ: SYMC ) for 512,839 shares.
Firm Tied to Russian Oligarch Made Payments to Michael Cohen
On Wednesday, Korea Aerospace Industries said it paid for accounting-related services, while Novartis cited healthcare consulting. Cohen could advise "how the Trump administration might approach USA health-care policy matters", such as the Affordable Care Act.
Facebook could soon launch its own Bitcoin rival
One of the sources said that Facebook could make acquisitions in the field in order to develop its own cryptocurrency. Facebook confirmed the co-founders exit and the company promised to give its comment behind the shakeup.
Mourinho admits being happy with second is against his nature
He's at one of the biggest clubs in the world and gets a lot of pressure on his shoulders. you can tell he really wants to win. The game itself will not live long in the memory, but the Red Devils earned the point they needed to clinch second place.
Ishan, Cutting power Mumbai to 210
Quick knocks from Hardik Pandya and Ben Cutting helped MI post 210-6 on the board at the end of their 20 overs. With Kishan racing to 21 off 9 balls, Mumbai were suddenly not dependent on Rohit Sharma for acceleration.
K'taka polls: Cong seeks disqualification of BJP's Sriramulu
The Congress claimed that the video was shot because of the dispute that came because of "non-settlement of the bribe amount". The Andhra Pradesh government had in 2009 banned Janardhana Reddy's company from operating its mines in Anantpur.
Central Intelligence Agency nominee has ties to Kentucky
Interrogators who didn't work directly for Haspel even engaged in a miniature revolt over torture that they considered egregious. President Donald Trump has mocked McCain in the past, while McCain has criticized the president and his policies.