Economy

U.S. stocks close mixed

U.S. stocks close mixed”

United States stocks ended mostly higher on Monday, with technology issues pacing the advance as investors braced for the start of earnings season and looked ahead to a speech by Fed Chair Janet Yellen later in the week.

Shanghai China Composite Index was down 0.17%.

Technology shares advanced on Monday (Jul 10) while retailers retreated ahead of highly-anticipated testimony by Federal Reserve Chair Janet Yellen and second quarter earnings reports later in the week.

"You had a little bit of a sell-off in the tech sector over the last couple of weeks", said Jeff Carbone, managing partner at Cornerstone Financial Partners.

Earnings season gets underway in earnest on Friday with reports from JPMorgan Chase and other large banks.

In an important victory for the banking industry, Federal Reserve last month approved various plans from the 34 largest US banks that said to the usage of extra capital for dividends, stock buybacks, and various other purposes.

Markets closed on a high on Friday after a payrolls report gave investors more confidence in the strength of the U.S. economy.

The Nasdaq jumped 23.31 (+0.38 percent) to close at 6,176.39, while the S&P 500 finished at 2,427.43, up 2.25 (+0.09 percent) from its open. She will testify on Wednesday and Thursday.

Amazon rival Wal-Mart Stores ( WMT ) fell 2.8% to be the biggest drag on the Dow Jones Industrial Average, keeping the blue-chip index from making the same headway as its peers as 16 of its 30 components fell. Shares of Best Buy fell 6.3 per cent to US$54.23 on news that Amazon was planning to roll out a Geek Squad competitor.

The S&P 500 posted 27 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 81 new highs and 69 new lows.



Like this

loading...
loading...

Latest


11 July 2017
Ngam Advisors LP Raises Stake in Cemex SAB de CV (CX)
Analysts mean target price for The Southern Company (NYSE:SO) is $34.00 while their mean recommendation is 3.20 (1=Buy, 5=sell). The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses.

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
TD Ameritrade Holding Corporation Target of Unusually Large Options Trading (AMTD)
Following the completion of the sale, the director now directly owns 170,000 shares of the company's stock, valued at $6,876,500. Blackrock Inv reported 146,449 shares. 467.04 million shares or 0.07% less from 467.35 million shares in 2016Q3 were reported.

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
Cardinal Health, Inc. (NYSE:CAH) Increases Dividend to $0.46 Per Share
The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.07. After posting $1.53 EPS for the previous quarter, Cardinal Health Inc's analysts now forecast -17.65 % negative EPS growth.

11 July 2017
The Denbury Resources Inc. (NYSE:DNR) Rating Reiterated by Credit Suisse Group
News headlines about Denbury Resources (NYSE:DNR) have trended somewhat negative recently, according to Accern Sentiment Analysis. State of Alaska Department of Revenue bought a new position in Denbury Resources during the first quarter valued at $113,000.

11 July 2017
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. 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.

11 July 2017
Maroons skipper backs Slater for Origin start
His successor Boyd Cordner even apologised during his Origin I pre-game press conference for having nothing but nice things to say about his opposition.

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
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.