Sci-tech

Tech stocks lead Wall Street with gains

Tech stocks lead Wall Street with gains”

USA stocks edged higher on Monday afternoon, led by gains in technology stocks as investors were optimistic ahead of earnings.

Last week, the S&P 500 index SPX, -0.05% Dow DJIA, -0.08% and Nasdaq Composite advanced between 0.1% and 0.3%, helped by a rally following Friday's solid U.S.jobs report.

Technology is expected to have had among the strongest earnings growth for the second quarter, according to Thomson Reuters data. "With that I think healthcare obviously comes under pressure as it falls into the void of the unknown", said Art Hogan, chief market strategist at Wunderlich Securities in NY.

Performance of large banks will come into the spotlight later this week as JPMorgan Chase, Citigroup and Wells Fargo are set to report their earnings.

Chris Beauchamp, chief market analyst at IG said: "It is not surprising to see the Nasdaq outperforming the Dow and S&P 500 so far in the USA session, given it is tech stocks that have taken such a battering over the past six weeks".

The healthcare index was down 0.08 percent, weighed down by Johnson & Johnson and Medtronic.

The Dow Jones Industrial Average futures YMU7, -0.10% fell 42 points, or 0.2%, at 21,328, S&P 500 futures ESU7, +0.02% were tilting lower, but by less than a point, or about 0.1%, at 2,421.

Markets closed on a high on Friday after a monthly payrolls report exceeded expectations, giving investors more confidence in the strength of the USA economy.

In addition, Federal Reserve Chair Janet Yellen will give her semi-annual monetary policy testimony before the House Financial Services Committee on Wednesday and Thursday.

Inc shares rose 2 percent to $998.90 ahead of its popular Prime Day shopping festival. Best Buy shares sunk 6 percent on the news.

Advancing issues outnumbered declining ones on the NYSE by a 1.19-to-1 ratio; on Nasdaq, a 1.34-to-1 ratio favored decliners.



Like this

Latest


11 July 2017
Ronaldinho, Giggs arrive in Pakistan for exhibition matches
The security for the players was handled by Pakistan Army but organisation of the matches has received some flak on the social media.

11 July 2017
Residents evacuated as water is released from Friendship Lake dam
The American Red Cross has set up what they call a "reception center" a the Friendship Village Hall. Water is flowing through the dam at a normal rate, which regulates the levels of Friendship Lake.

11 July 2017
Coroner: 6 people confirmed dead after Military plane crashes in Sunflower County
LeFlore Country deputy coroner Will Gnemi said the office were called to the site and that they are still searching for victims. Officials say a military transport plane has crashed in Mississippi's Delta region, killing at least five people aboard.

11 July 2017
EI du Pont de Nemours and Company
The basic materials company reported $1.64 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.38 by $0.26. On average, equities analysts predict that E.I. du Pont de Nemours and Company will post $3.84 EPS for the current year.

11 July 2017
Hi-Crush Partners (HCLP) Receives Daily Media Impact Rating of 0.20
On September 28 the stock rating was upgraded from "Sell" to "Neutral" with a current price target of $15.00 in a report from UBS. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower.

11 July 2017
Last Chance For Public Comment on Review of National Monuments
Monday marks the deadline to weigh in on the federal government's review of the Katahdin Woods and Waters National Monument. Close to 1.5 million people nationally already have made their voices heard.

11 July 2017
Panthers fan names newborn son 'Cameron Luuuke' after Cam Newton, Luke Kuechly
According to Go Upstate, Howell wants to get Newton and Kuechly to sign his son's birth certificate. The Panthers fell to 15th in scoring (23.1 PPG) and 19th in total offense (343.7 YPG) last season.

11 July 2017
Analysts Set Cheniere Energy Partners LP (CQP) Target Price at $33.75
The rating was upgraded by Howard Weil on Tuesday, June 14 to "Sector Outperform". (NYSEMKT:LNG) rating on Monday, October 12. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.91 by $0.11.

11 July 2017
Comedian John Oliver to voice Zazu in Disney's "The Lion King" remake
Unlike The Jungle Book though, numerous main cast members in The Lion King are more well known for the comedic work, like Oliver. He previously lent his voice to Vanity Smurf in both 2011's The Smurfs and 2013's The Smurfs 2 .

11 July 2017
Estados Unidos manda bombarderos a la frontera de Corea del Norte
Corea del Norte realizó el lanzamiento de prueba de un misil, llamado Hwasong-14, bajo la observación del líder norcoreano, Kim Jong-un.



Recommended