Economy

Dow, S&P, Nasdaq end at record highs; auto, airline shares

Stock futures trended higher early Monday, poised for a positive start to the fourth quarter after ending last week on a bullish note.

US stock-market indexes begin the final quarter of the year on a high note, with all the main benchmarks trading in record territory on Monday after opening higher.

The broad-based S&P 500 gained 0.2 per cent to 2,534.68, while the tech-rich Nasdaq Composite Index advanced 0.2 per cent to 6,532.07.

Researcher Markit releases its October Manufacturing purchasing managers index at 9:45 a.m. ET. Anything below 20 is normally considered low on the volatility index. The Institute for Supply Management follows up with its manufacturing index, and the Commerce Department reports August construction spending estimates, both at 10 a.m. ET.

Airline companies helped lift United States markets on Tuesday, after Delta Air Lines reported that the hit from recent hurricanes would be lower than analysts had expected.

In currency news, the US dollar index (DXY) spiked to seven-week highs as the euro fell amid tensions in Spain's autonomous community of Catalonia.

The S&P 500 rose 0.24 percent as gains in health care and financials outweighed losses in technology.

Oil prices pulled back on Monday amid a weekly rise in the number of active US oil rigs. ICE Brent futures declined 71 cents, or 1.3%, to $56.08 a barrel.



Like this

Latest


04 October 2017
Rising demand for U.S. corn, soybeans no match for massive supplies
Modestly higher in a light technical bounce after a three-session slide pushed the CBOT December contract to a near two-week low. Front-month December corn futures settled 3.75 cent lower at $3.515/bushel Monday before the release of the USDA report.

04 October 2017
Applied Materials, Inc. (NASDAQ:AMAT) Rating Reiterated by Needham & Company LLC
Cantor Fitzgerald initiated coverage for the stock on 31/03/2017 and Canaccord Genuity issued a initiated the stock on 13/03/2017. In terms of moving averages, the 200-day is now at 40.83, the 50-day is 45.44, and the 7-day is resting at 49.09.

04 October 2017
Kate Winslet was never romantically interested in Leonardo DiCaprio
It went on to become an unprecedented success, raking in $2.1 billion worldwide to become the top-grossing film of all time. No details are available yet on who this Ronal character is or how numerous four planned Avatar sequels she'll star in.

04 October 2017
New Jack Ryan Teaser Offers First Look at John Krasinski
Amazon will debut Tom Clancy's Jack Ryan , from Paramount Television and Skydance Television, in 2018 on Prime Video. Krasinki is the latest to play the character and for the first time in the the small screen.

04 October 2017
FAFSA student aid filings begin October 1
The data tool has been offline for months, but Education Department spokeswoman Liz Hill said it is up and running. In past years, students were unable to apply for federal and state financial aid until the first of the year.

04 October 2017
Injustice 2 adds Mortal Kombat mainstay Raiden today
To mark the occasion, NetherRealm Studios is releasing the familiar character Raiden as a downloadable roster addition. His super move also includes an elaborate set where he summons an electrified version of Mortal Kombat's dragon.

04 October 2017
Jimmy Kimmel Calls for GOP to Reclaim Balls from NRA
Many of us are still trying to process the tragedy that just occurred in Nevada . Then he brought up comments from White House Press Secretary Sarah Sanders.

04 October 2017
The 'Mean Girls' Cast Has a Special Request on 'Mean Girls' Day
Peek the pics below, and get ready to get schooled by the Mean Girls musical at the August Wilson Theatre. Mean Girls Day ) in a bubblegum pink food truck in front of the August Wilson Theatre.

04 October 2017
Subway train mocks Knicks just like a real New Yorker
This summer, the Knicks re-acquired Hardaway, signing him to a four-year, $71 million offer sheet that Atlanta declined to match. But it wasn't all negative- the other side of the vehicle featured "hopeful" along with a picture of star Kristaps Porzingis .

04 October 2017
Would You Buy Newell Rubbermaid Inc. (NYSE:NWL) On These Analyst Ratings?
TRADEMARK VIOLATION WARNING: "Teachers Retirement System of The State of Kentucky Trims Position in Newell Brands Inc ". BidaskClub lowered shares of Newell Brands from a "buy" rating to a "hold" rating in a report on Thursday, June 22nd.



Recommended