S&P 500 and other major indices close at record high

S&P 500 and other major indices close at record high”

At 12:40 p.m. ET (1640 GMT), the Dow Jones industrial average was up 39.67 points, or 0.18 percent, at 22,243.15 and the Nasdaq Composite was up 16.92 points, or 0.26 percent, at 6,446.00.

MSCI's gauge of stocks across the globe gained 0.14 percent to set a new high for an index that tracks the performance of more than 2,400 stocks in 47 countries.

The Russell 2000 is up 67.89 points, or 5 percent.

Japan's Nikkei closed 0.5 percent higher.

The major European markets have moved to the downside on the day. The Dow Jones industrial average rose 64.86 points, or 0.3 percent, to 22,268.34, its fourth record close in a row.

The pound surged to $1.3575 from $1.3398, its highest since mid-2016.

US crude CLcv1 fell 0.2 percent to $49.79 per barrel and Brent LCOcv1 was last at $55.51, up 0.07 percent on the day.

For the week, the Dow led the way, rising 2.2%; the S&P 500 added 1.6% and the Nasdaq rose 1.4%.

North Korea fired a missile over Japan for the second times in under a month but while this sent the Japanese yen tumbling, USA investors were sanguine.

Any dip in the equity market because of North Korean missile tests offer a buying opportunity for investors, he said. "The behavior of the retail investor is more important than ever".

"Disappointing retail sales growth suggests 3Q consumer spending growth will slow markedly from 2Q's 3.3% rate; however, we still think other components can provide offsetting support within the GDP report", said James Knightley, the chief worldwide economist at ING.

"Retail sales numbers from the United States are pretty disappointing".

Excluding a slump in auto sales, retail sales rose by 0.2% in August after climbing by 0.4% in July. "This is significant because it feeds into the consumer spending numbers for GDP and marks quite a slowdown from the3.3% annualised pace of growth seen in 2Q", Knightley added.

Airlines were expected to be in focus in early trading after JP Morgan issued a note on the sector.

United Continental, Spirit Airlines and American Airlines fell between 1.20% and 2.10% after JPMorgan downgraded all three stocks.

The former saw its price target slashed to US$53 from US$61 and the latter from US$84 to US$68. Coca-Cola lost 49 cents, or 1.1 percent, to $46.01 and grocery store operator Kroger fell 30 cents, or 1.4 percent, to $21.43.

POWER PLAY: Boeing rose $3.33, or 1.4 percent, to $248.58 as the aerospace company continued to set record highs.

CENTRAL BANKS: U.K. stocks fell for a second day and the pound rose again after as Bank of England officials confirmed they expect to start raising interest rates for the first time in a decade in coming months. Preparation for the hurricane boosts retail sales as households stock up on groceries, housing products and supplies, then sales stall during the storm and re-accelerate after as households fix, replace and rebuild.

Economists had expected retail sales to inch up by 0.1% compared to the 0.6% increase originally reported for the previous month. Stocks are falling as the pound rises because many companies on the FTSE 100 are multinationals whose earnings overseas are decreased when translated back into pounds.

Like this



17 September 2017
Liberty Interactive QVC Group (LINTA) Receiving Somewhat Favorable Media Coverage, Accern Reports
Ltd. now owns 14,734 shares of the company's stock valued at $295,000 after buying an additional 126 shares in the last quarter. Finally, DA Davidson started coverage on shares of Liberty Interactive Corporation in a research report on Wednesday.

17 September 2017
French reporter jailed in Turkey to be freed: lawyer
The head of government expressed indignation that many German citizens are still in prison in Turkey. RSF director Christophe Deloire said the journalist would probably arrive in France on Saturday.

17 September 2017
Residents Rescued From Lynn Apartment Fire
Officials said the 3-alarm fire broke out at an apartment building on Kingsley Terrace around 5:30 a.m. The fire was concentrated in 4 Kingsley which Archer said is separated by a firewall from 2 Kingsley.

17 September 2017
Virginia dominates all day, drops UConn
Virginia led 31-0 in the third quarter before UConn (1-1) added three late touchdowns (all its two-point attempts failed). Virginia looks to avenge last season's loss at CT when the Cavaliers host the Huskies in a non-conference game Saturday.

17 September 2017
Analyst Stock Recommendations For KEMET Corporation (KEM), Intercept Pharmaceuticals, Inc. (ICPT)
Over the last five days, shares have managed 45.74% gains and now is up 31.25% since hitting its 200-day moving average of $5.97. The Firm is focused on the development and commercialization of therapeutics to treat non-viral, progressive liver diseases.

17 September 2017
Were Analysts Bearish Servicemaster Global Holdings Inc (NYSE:SERV) This Week?
The stock of Servicemaster Global Holdings Inc (NYSE: SERV ) has "Overweight" rating given on Friday, April 7 by Piper Jaffray. Quantitative Investment Mngmt Limited Liability Corporation has invested 0.21% in Symantec Corporation (NASDAQ:SYMC).

17 September 2017
Cowboys at Broncos: Who has the edge?
Considering the Cowboys' defense looked absolutely stellar this past week, their ability build off that momentum will be critical. My only fear for the defense will be Orlando Scandrick's absence as he just had surgery on his fractured hand.

17 September 2017
Applied Materials, Inc. (AMAT) Lifted to Buy at Goldman Sachs Group, Inc
DaVita Inc., formerly DaVita HealthCare Partners Inc., operates two divisions: DaVita Kidney Care and DaVita Medical Group (DMG). After $0.63 actual EPS reported by Xilinx, Inc. for the previous quarter, Wall Street now forecasts -1.59% negative EPS growth.

16 September 2017
Cadence Capital Management LLC Raises Stake in Life Storage Inc (LSI)
The fund owned 3,961 shares of the real estate investment trust's stock after buying an additional 1,324 shares during the period. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .

16 September 2017
CIA Seeking Expanded Drone Power Authority
The CIA made a strong case to the President, emphasizing that the #war on terror requires all hands on deck, and the more firepower, the better.