Markets Right Now: Stocks open higher; Boeing falls again
14 March, 2019, 23:42 | Author: Regina Silva
After consolidating near the opening, the Dow Jones Industrial Average rebounded on the back of a 3.47 percent gain in Apple shares. The S&P 500 moves up and down based on changes in its members' market value, but the Dow bounces around according to changes in its 30 members' stock prices.
A report showing that US consumer prices rose modestly last month - the latest evidence that inflation remains in check - also helped lift stocks.
These moves experienced on Monday came after big indexes posted their worst performances these past few days of 2019 which are amid the growing concern of a slowdown economically around the world. "You're starting to see that return to growth in the market right now".
The S&P 500 index rose 6 points, or 0.2 per cent, to 2,789. Boeing's losses trimmed more than 150 points from the Dow. The Nasdaq rose 52 points, or 0.7 per cent, to 7,643.
The S&P 500 index rose 11 points, or 0.4 percent, to 2,795.
The index briefly pared gains in afternoon USA trading following news that British lawmakers crushingly rejected Prime Minister Theresa May's deal to quit the European Union.
F5 Networks Inc slipped almost 8%, the most on the S&P index, after the network software maker said it would buy privately held NGINX.
Investors are still waiting for more details on any potential trade deal between the US and China. "We're in wait-and-see mode".
Technology and health care stocks did the most to pull the market higher Tuesday.
The wreckage of theill fated Ethiopian Airlines Boeing 737 Max 8 aircraft near Bishoftu.[Reuters] News of a Boeing Company's 737 Max crash operated by Ethiopian Airlines is bringing out equity bears. In October, a Lion Air plane crashed into the sea off the Indonesian capital of Jakarta, killing all 189 people onboard.
U.S. consumer prices rose 0.2 percent in February
Excluding the volatile energy and food categories, core prices increased 0.1 percent in February and 2.1 percent from a year ago. Gas prices for U.S. drivers were $2.31 a gallon on average in February, up from $2.25 in January, according to the U.S.
The impasse has raised fears of a chaotic "no-deal" Brexit that could disrupt businesses in Britain and the 27 remaining European Union countries. Australia and Singapore suspended all flights into or out of their countries.
The Labor Department's latest snapshot of consumer prices also put investors in a buying mood.
"Lower rates help hold stocks up because (they) allow for higher multiples", said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
Traders bid up shares in Stitch Fix after the personal styling service blew past analyst's expectations for the fourth-quarter. Hong Kong's Hang Seng added 1.5 percent to 28,821.14 and Seoul's Kospi gained 0.9 percent to 2,157.18. Both stocks soared on the news, lifting the NASDAQ Composite, with Nvidia rising more than 6.97 percent while Mellanox jumped 7.78 percent. The agreement comes after more than a year of negotiations. Data for December was revised down to show retail sales dropping 1.6 percent instead of tumbling 1.2 percent as previously reported.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.60 percent.
The dollar strengthened to 111.29 Japanese yen from 111.21 yen on Monday. The euro advanced to $1.1256 from $1.1245. Global benchmark May Brent crude gained 9 cents, or 0.1%, to $66.67 a barrel on ICE Futures Europe, following a high at $67.39.
In a new post, NASA reveals what it says is the final " parting shot " that Opportunity captured before the dust storm killed it. Opportunity retired over a decade later than planned - the mission launched in 2004 and was only supposed to last for 90 days.
Oil prices extended overnight gains with USA crude up 15 cents per barrel at $58.41 and Brent adding 22 cents to $67.77. Shanghai's SSE Composite index stumbled 1.2 percent while the blue-chip CSI 300 eased 0.4 percent.
A small group of fans rallied in support of Smollett outside the courthouse Thursday, according to local news reports. Glandian said she would welcome cameras because "demonstrably false" evidence has been presented against her client.
A police statement said the visitor, who was known to the victim, engaged his bow and allegedly fired the arrow. He got out his auto and tried to take a picture of the man who then allegedly fired an arrow at him.
Earlier, Ms May has said she had secured "legally binding changes" from the European Union to overcome the Ireland backstop. The changes fall short of demands of hardcore UK Brexiteers, but may persuade some politicians to switch their votes.
What has the Mad Titan been up to while the Avengers have been plotting on Earth? "Someday. but not us", he tells her. The Avengers just did to everyone what they hope to do to Thanos: caught us completely off guard.
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