Economy

Dow Jones Industrial Average Briefly Hits 23000

Dow Jones Industrial Average Briefly Hits 23000”

Stocks boosting the blue-chip index included insurer UnitedHealth and Johnson & Johnson, which reported better-than-expected earnings.

Near 03:15 p.m. GMT, the Dow Jones Industrial Average was at 22,996.57, up 0.2 percent from Monday's closing price, after earlier hitting 23,002.20.

Meanwhile, traders were digesting the latest remarks from the Federal Reserve Chair Janet Yellen. Seven of the 11 major S&P indexes were lower, led by a 0.39 percent drop in industrials and material index.

NASDAQ measures a number of indices reflecting the reaction of USA's high tech markets and business environments on the country's political and economic developments which have an impact on high tech markets.

The former Fed board member is seen as more hawkish than Yellen and other names being considered to take over the central bank.

Shares of Netflix inched down 0.08 percent around mid-session on Monday.

Technology stocks .SPLRCT were also down, led by a 0.33 percent fall in Apple, a day after it gained 1.5 percent.

US video streaming giant Netflix is expected to release its third-quarter earnings report on Monday after the closing bell. "What you're seeing is some hesitancy but not any major declines".

Declining issues outnumbered advancers on the NYSE by 1,311 to 1,158.



Like this

Latest


17 October 2017
Into the Fray: Investors are Watching Increased Activity for TransEnterix, Inc. (:TRXC)
One technical indicator that may assist in measuring the strength of market momentum is the Average Directional Index or ADX. In terms of volatility, the average daily high/low percentage range stands at 13.27% for the week and 10.68% for the month.

17 October 2017
Anthony Scaramucci encourages Holocaust denial with baffling Twitter poll
The United States Holocaust Memorial Museum notes that the best estimate of Jewish Holocaust deaths is actually up to six million. The poll was posted moments after the account retweeted Twitter users critical over outrage of an Anne Frank Halloween costume.

17 October 2017
Hyderabad family, which went missing for a day, found dead
While two of the bodies were found in a auto parked, the other bodies were found 200 meters away in a secluded place on ORR. Locals saw the bodies and alerted the police, following which teams from the nearest police stations have reached the spot.

17 October 2017
Combined net worth of America's richest rises to $2.7 trillion
We also learned about some debt they pulled down on [the Trump International Hotel]. "His net worth now stands at $3.1 billion". According to Forbes , it now requires $2 billion to make the list, a almost 18 percent jump from previous year .

17 October 2017
Google launches personalized phishing protection and updated Security Checkup tool
If that key is lost Google said users would have to pass through a much more arduous process to regain entry to their accounts. Google wants to make account-holders more aware of online security protections available to them.

17 October 2017
Jungle Inferno Announced For Team Fortress 2
It's called Mercenary Park, and sends the disposable members of the RED and BLU teams to a failed yeti park. And that vacation involves hitting a lush tropical jungle filled with massive monsters.

17 October 2017
Keep Watch on Overbought Stock: Blue Buffalo Pet Products, Inc. (BUFF)
The stock go up so far this year; showing a rise of 21.13% and added with positive flow of 0.07% during recent week. JPMorgan has downgraded Blue Buffalo (NASDAQ: BUFF ) from Overweight to Neutral in a report released on 10/17/2017.

17 October 2017
Is Nokia 7 coming first in China?
Moreover, the official TMALL Nokia store is now featuring a GIF of the brand's Bothie tool which made its debut with the 8. If that's the case, it's highly likely that China will get the new 6GB RAM variant, which was recently launched in Europe.

17 October 2017
Enterprise Products Partners LP (NYSE:EPD) Under Analyst Spotlight
Bernstein reissued an outperform rating on shares of Enterprise Products Partners L.P.in a research note on Thursday, August 10th. The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings .

17 October 2017
Riz Ahmed in negotiations to star in Netflix's 'Hamlet'
According to Deadline , he's now in talks to star in a new adaptation of Shakespeare's tragedy bound for Netflix. This announcement comes as Netflix reveals plans to boost its original film production .



Recommended