Thursday, 15 November, 2018

Wall Street higher as energy stocks gain on oil rally

Trader Craig Spector center works on the floor Trader Craig Spector center works on the floor of the NYSE on Friday
Orlando Vargas | 12 May, 2018, 06:41

All told, the S&P 500 index 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.

Georgia police officer suspended after manhandling grandmother during traffic stop
As such, he arrested her for disorderly conduct as she held on to her seatbelt when she was being forced out of the auto . The befuddled woman says, "Who are you talking to?" Campbell can be heard screaming at the top of her lungs in fear.


A French group with a small child narrowly escape a cheetah attack
One of the cheetahs follows closely behind, lunging at the family as they scrambled to get back inside their vehicle . The video shows three adults and two children rushing to their vehicle to take shelter from the predators.


Student tried to swipe Jaguars QB Blake Bortles' truck, police say
He's an 18-year-old rich-boy who was arrested Wednesday night for allegedly trying to steal Blake Bortles' Ford F-150. JACKSONVILLE, Fla . (AP) - Jacksonville Jaguars quarterback Blake Bortles was picked without being on the field.


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.

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