Dow hits record high at market open

Dow hits record high at market open”

Broadcom was off 0.6 percent.

Strong corporate earnings, along with improving economic data and the prospects of changes to the USA tax code, have helped stocks climb higher since President Donald Trump was elected.

Mylan rose 2 percent, a day after the drugmaker raised its full-year forecast.

Qualcomm rose 1.15 percent after Broadcom offered to buy the smartphone chip supplier for $103 billion in what could be the biggest-ever acquisition in the tech sector.

Negotiations on President Donald Trump's tax bill have begun after House Republicans last week unveiled a first draft that proposed a range of cuts aimed at helping businesses, including slashing the corporate rate to 20 percent from 35 percent.

"I think that has to be the main driver", said John Brady, managing director at R.J. "Even if it only goes to 25 percent or 27 percent, it's still moving the right way".

Shares of Sprint fell as much as 14.2 percent to more-than-a-year low after the wireless provider and T-Mobile called off a planned merger. T-Mobile lost 5.72 percent.

The Standard & Poor's 500 index climbed 3.29 points, or 0.1 percent, to 2,591.13.

All three major indexes closed at record highs.

At 12:29 p.m. ET (1629 GMT), the Dow Jones Industrial Average was up 3.75 points, or 0.02 percent, at 23,542.94, the S&P 500 was up 1.7 points, or 0.06 percent, at 2,589.54.

USA stocks set more records Monday as upheaval in oil-rich Saudi Arabia sent crude prices to two-year highs.

The Russell is up 140.83 points, or 10.4 percent.

Advanced Micro Devices rose 5.2 percent on a report that it plans to team up with Intel to form a personal computer chip unit.

European bourses trade near their flatlines, with Germany's DAX and France's CAC flat, and U.K.'s FTSE -0.2%; in Asia, Japan's Nikkei ended +1.7% and China's Shanghai Composite finished +0.8%.

Like this



07 November 2017
Van Dijk focused on Saints
Liverpool have conceded more goals than anyone else in the top eight and sit fifth, 12 points off league leaders Manchester City. In the end, negotiations collapsed and the 26-year-old centre back remained on the south coast with Mauricio Pellegrino's men.

07 November 2017
Bandai Namco adding more resources for Switch development
Taguchi added that it was possible all the company's brands could see eventual Switch products. "It's a shame, but we didn't think the Switch [would] be accept this fast".

07 November 2017
"83" set for April 2019 release
Ranveer Singh has already won everyone's heart by his portrayal of Alauddin Khilji in the upcoming film Padmavati . Vishnu Vardhan Induri of Vibri Media said, "The country needs to know the story of the first world champions".

07 November 2017
51% of Indian women are anaemic, reveals Global Nutrition Report
The Global Nutrition Report is an independently produced annual stock-take of the state of the world's nutrition. The percentage of overweight men in the country is slightly lower and stands at 16 per cent of adult men.

07 November 2017
BMW raises pretax profit guidance regardless of third-quarter earnings decrease
In the automotive segment, BMW's closely-watched Ebit margin fell to 8.3% in the quarter from 8.5% in the year-ago period. Third-quarter pre-tax profit fell 5.9% to €2.4bn against stagnant revenues and rising research and development expenses.

07 November 2017
India and Bangladesh kick start joint military exercise
As per the reports, the operations will be conducted in a semi-mountainous jungle terrain to bolster bilateral military ties. Before this, the army also conducted the previous edition of the exercise and that was held at Tangail in Dhaka past year .

07 November 2017
Siemens Gamesa plans job cull
The decision to cut its workforce was revealed on the sidelines of the release of its financial results for the fiscal year 2017 in which its revenue grew by 5% to €10.96bn.

07 November 2017
Man City defender Stones reveals the 'joy' of playing under Pep
The England global defender has faced criticism at times for over-playing, with the 23-year-old accused of placing too much emphasis on ball retention .

07 November 2017
Pan American Silver Corp. (USA) (PAAS) Analysts See $0.12 EPS
The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings. Following volatility data can help measure how much the stock price has fluctuated over the specified time period.

07 November 2017
Texas university lifts lockdown after campus traffic incident leads to shooting
Fort Worth PD says the incident stemmed from two Roadrunner Shuttle drivers getting into an argument near the TCU campus. Administrators described the suspect as an armed man wearing a white shirt and black trousers .