Tuesday, 19 March, 2019

Nasdaq passes 6000 for first time

Tim Shaffer  Reuters Tim Shaffer Reuters
Andrew Cummings | 26 April, 2017, 09:07

Stocks finished the session on Wall Street sharply higher Tuesday, as solid earnings bolstered investor sentiment, pushing the NASDAQ above 6,000 for the first time ever.

At 12:49 p.m. ET, the Dow Jones Industrial Average .DJI was up 235.96 points, or 1.14 percent, at 20,999.85, the S&P 500 .SPX was up 13.17 points, or 0.55 percent, at 2,387.32 and the Nasdaq Composite .IXIC was up 39.91 points, or 0.67 percent, at 6,023.73.

US equities surged more than 1% on Monday after centrist Emmanuel Macron secured first place in the initial round of France's presidential election.

Companies in the S&P 500 are on track to report overall growth of 10.4 percent in first-quarter earnings per share, according to S&P Global Market Intelligence. It closed just below the symbolic mark on Monday before gaining more than 0.5 per cent in early trading. Polls showed Macron, the market's favourite, was likely to beat his far-right rival Marine Le Pen in a deciding vote on May 7. Biogen reported solid earnings for 2017's first quarter, with the help of a new drug that combats a rare infant disease.

Lockheed Martin lost 2.6 per cent after reporting that first-quarter profit fell 15 per cent to Dollars 763 in results that lagged analyst expectations.

Reported Torture of Gay Men in Chechnya Highlighted in New Video
His spokesperson told a Russian government news agency it is "impossible to prosecute those who are not in the republic". The reports have been condemned by most Western governments, including by the Trump administration .

Amber Heard spotted in Australia again, this time with Elon Musk
Heard, who is now filming Aquaman in Australia, took an afternoon off for a fun adventure with the billionaire businessman. Heard, who captioned the photo " Cheeky ", is wearing dark red lipstick , and had clearly left her mark on Musk's face.

California police search for 5-year-old boy; father arrested
Investigators said that Andressian Sr.'s BMW was spotted in Orange County on Friday, around an hour away from South Pasadena. Aramazd Andressian Jr. disappeared while in the custody of his father, who has the same name, authorities said.

Straight Path rose 6.3% after the company said a "multi-national telecommunications company" had offered $104.64 per-share, topping AT&T's bid of $95.63 per share.

Sandwich supplier AdvancePierre Foods jumped 9.2 per cent after Tyson Foods said it would buy the company for about $3.2 billion in cash. Shares of energy companies also rose as crude oil prices stabilized.

Brent crude was up 8 cents at $51.68 a barrel, while US crude futures were up 4 cents at $49.27 a barrel.

Fund managers bumped up overweight positions in the tech sector to the second-highest level in Bank of America Merrill Lynch's data going back to 2008, the bank said in March. It also raised its forecast for full-year results.

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