Dow Jones hits 26000 milestone as earnings optimism feeds rally
Dow Jones hits 26000 milestone as earnings optimism feeds rally
Daily March E-mini NASDAQ-100 Index
17 January, 2018, 01:46
The Standard & Poor's 500 index climbed 6 points, or 0.2 percent, to 2,793. Real estate, technology and consumer-discretionary shares led the gains.
Analysts now expect first-quarter profit growth of 15.3% for companies in the S&P 500 stock index, up from 12.2% on January 1.
All main indexes hit intraday all-time highs shortly after the opening bell.
UnitedHealth rose 2.5 percent after the largest US health insurer reported results that beat estimates and raised its 2018 earnings outlook.
"There is really nothing in (the market's) way at this point", said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
The danger is if stock prices rise too much in such a short period of time, the market gets too far in front of the improving business conditions, experts say.
On the Federal Reserve front, no officials are slated to give speeches on Tuesday.
In other news, Director Mark Edward Thompson sold 1,000,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 7th.
"But there are reasons for optimism as we have great economic background, growing earnings and still low inflation", Schutte said. The S&P 500 index has closed lower only one other day this year.
With a $6B charge comes new thoughts about GE's future
Flannery late previous year outlined steps to turn the biggest US industrial conglomerate into a smaller, more focused company. It is negative, as 112 investors sold GE shares while 818 reduced holdings. 32 funds opened positions while 82 raised stakes.
"We are looking for a pullback in the 4%-5% range into February".
Which stocks are in focus? Earnings growth of close to 15% is now also expected for the final three quarters of 2018. Shares were trading 1.9% higher.
Merck jumped 7 percent and chipmaker Qualcomm gained 3.3 percent.
General Electric fell about 4 per cent after raising the prospect of breaking itself up and announced more than $11 billion in charges from its long-term care insurance portfolio and new USA tax laws.
Shares in Ford Motor Co. Marathon Patent, Riot BlockChain, Xunlei and Overstock.com fell between 7.7 percent and 11 percent.
The investment bank revealed (as it had already flagged) that its fourth quarter earnings have been wiped out by a US$22bn charge related to the new U.S. tax law. As earnings season picks up steam, corporate results are set to be the big focus in Europe ahead of central bank meetings in the U.S., Japan and Europe before the end of the month. (CBSA) was reengaging the two media companies in talks to merge.
Bitcoin's spot price (http://www.marketwatch.com/story/bitcoin-tumbles-to-6-week-low-as-top-cryptocurrencies-all-sell-off-2018-01-16) was down sharply to a six-week low, as the top cryptocurrencies all sold off.
"You'd typically see and expect the markets to interpret that in a positive manner, but a lot of indices have moved back".
Gold slid 0.1 percent to $1,338.72 an ounce, the first decline in a week.
White has said in the past that Conor McGregor had been targeting a summer return , although there were no dates set in stone. UFC president Dana White broke down his reaction to last night's (Sun., January 14, 2017) UFC Fight Night 124 from St.
Photo Police officers at the spot where Oliver Ivanovic was shot and killed, outside his office in Mitrovica, Kosovo , on Tuesday. The 1998-99 war between Serbian security forces and Kosovo Albanian guerrillas claimed 13,000 lives, mostly ethnic Albanians.
Even in cases where the government manages to find and free the girls, they may face opposition from the captives themselves. The jihadists seized 276 students from Government Girls Secondary School on April 14, 2014, triggering global condemnation.
RIEMAN DEBORAH also sold $66,979 worth of Corning Incorporated (NYSE:GLW) shares. (NYSE:DAL) on Friday, July 15 to "Hold" rating. Credit Suisse Ag holds 1.16 million shares or 0.05% of its portfolio. 92,468 were reported by Mason Street Advsrs Limited Com.
Her bandmates - Noel Hogan, Mike Hogan and Fergal Lawler - commented: "We are devastated on the passing of our friend Dolores ". In 2007, O'Riordan launched a solo project with her album " Are You Listening? " before reuniting with the group in 2009.
The army's quick retaliation, say sources, indicate a new, proactive approach in the face of incessant Pakistani provocation. His tweet came hours after Pakistan Army spokesman Major General Asif Ghafoor also threatened India with a nuclear strike.
Paul Pogba has admitted he enjoys playing further forward for Manchester United far more than a deeper role for the Reds. He added: "We're not looking to the past". " Man City are in front of us, we always want to catch them ".
Cummings was transported to Piedmont Medical Center in Rock Hill, South Carolina where he is receiving treatment. The suspect, Christian Thomas McCall , fled on foot, and shot a York Police Department officer, Faris said .
Following the transaction, the chief financial officer now owns 3,140 shares in the company, valued at approximately $250,383.60. Gofen And Glossberg Ltd Limited Liability Company Il, a Illinois-based fund reported 3,360 shares. (NYSE:VZ) for 43,878 shares.
Google App Finds Your Fine Art Lookalike
Though the viral new feature is restricted to the United States , it can be accessed through VPNs in other regions as well. I tested some of San Diego's most famous faces out on the app and got some, well, let's just say interesting, results.
Snow and sleet forecast for North Somerset
Met Eireann , finally, has advised everyone to monitor the forecast on Wednesday onwards for any related weather warnings. Outlook for Wednesday to Friday: Windy and cold throughout, with sunny spells and wintry showers on Wednesday.
Bannon Subpoenaed in Russian Probe
Bannon is scheduled to testify before the panel on Tuesday, according to a person familiar with the committee's plans. Bannon was one of President Donald Trump's top advisers during the transition period and in the White House.
Cineworld Group (CINE) Earns Hold Rating from Peel Hunt
The firm operates through four divisions: Hiscox Retail, Hiscox London Market, Hiscox Re and ILS, and Corporate Centre. The stock of CLS Holdings plc (LON:CLI) has "Buy" rating given on Wednesday, November 11 by Liberum Capital.
Google Maps Re-Launched in China after Eight Years
The company has set up a China-specific version of the Google Maps website and introduced a map app for Chinese iPhones. But the Chinese government and Google are still unlikely to agree on requirements for services like search and YouTube.
Nariman House to welcome baby Moshe with PM
Moshe left India after the attacks and has been living with his Grandparents, at Afula, which is situated in northern Israel. Calling it a special day, Rabbi Holztberg Nachman, Grandfather of Moshe Holtzberg said, "This is a very special day".