Markets Right Now: Energy stocks lead indexe... 10:12 am Mon
Markets Right Now: Energy stocks lead indexe... 10:12 am Mon
Oil and tech rally boost Wall Street: Aus shares to advance at open
18 May, 2017, 02:05
"A lot of technology right now is driven by worries about cyber security as investors believe more companies will have to upgrade their computer systems and add security", said Warne.
Metals prices were also given a boost as Chinese President Xi Jinping said over the weekend that the "One Belt, One Road" infrastructure initiative will get financing of $78bn as Beijing looks to strengthen infrastructure and trade links with the rest of the world.
"It is not just because they're necessarily thinking about anything as extreme as impeachment, but investors are anxious that Congress won't be able to get anything done in this increasingly insane environment in Washington", said Chris Low, chief economist of FTN Financial.
KEEPING SCORE: The Standard & Poor's 500 index fell 2 points, or 0.1 percent, to 2,399 as of 11:07 a.m. Tuesday on Wall Street. The Nasdaq did manage to end at a record for its second day in a row after climbing 0.33% to 6,169.87. Transocean rose 46 cents, or 4.2 percent, to $11.08, and Hess gained $1.56, or 3.2 percent, to $50.93.
An afternoon recap of the day's most important business news, delivered weekdays.
A Federal Reserve said industrial production increased 1% in April, its largest gain since February 2014.
Among economic reports expected for the day, investors received May Empire Manufacturing and May Net Long-Term TIC Flows. Hess rose 2.9 percent and Murphy Oil rose 2.7 percent.
Target Corp (NYSE: TGT) will report before market open on Thursday.
Traders also had their eye on the latest crop of quarterly results from companies.
Home Depot Inc. earned $2.01 billion, or $1.67 per share, beating per-share projections on Wall Street by 6 cents.
"Home-improvement and beauty retailers are really where the strength is within the retail sector, and of course, online", said Lindsey Bell, investment strategist at CFRA.
Earnings at S&P 500 companies are expected to have grown 14.5 percent in the first quarter - the best showing since 2011, according to Thomson Reuters I/B/E/S.
Gold for June rose by $2.30, or 0.2%, to settle at $1,230 an ounce.
After Saudi Arabia and Russian Federation agreed to extend their oil production limitation agreement until March next year, crude prices jumped by around 3 percent on Monday.
West Texas Intermediate crude was down 0.2% at $48.74 a barrel on Tuesday. Brent crude, the worldwide standard, rose 98 cents to $51.82 a barrel.
Energy stocks also fell along with a drop in the price of crude oil.
Cisco's 2.5 per cent rise provided the biggest boost to the Nasdaq and S&P.
YIELDS: Longer-term Treasury yields rose, as bond prices fell. Silver added 13 cents to $16.69 per ounce. US gold futures gained 0.57 per cent to $1,237.00 an ounce. The euro edged up to $1.0987 from $1.0975.
The Russell 2000 is up 37.55 points, or 2.8 percent.
Major stock indexes in Europe were mixed. London's FTSE 100 rose 0.9 percent. Thermo Fisher rose 0.4 per cent. Smaller rival Lowe's LOW.N was up 0.5 percent.
Bradley Beal led the Wizards , who were playing in their first Game 7 since 1979, with 38 points, including 24 in the second half. The Boston Celtics sent the Washington Wizards packing in Game 7, and now they're on to the Eastern Conference Finals.
According to Butterfill, their clients have bought more than $130 million of crude oil from the stock market through his firm. Brent crude futures, the global benchmark for oil prices, were at $50.86 per barrel at 0125 GMT (9:25 p.m.
The new Dzire also comes with dual front airbags, ABS with EBD and Brake Assist as standard on all trims, which is welcoming. Both petrol and diesel versions get an option of either a 5-speed manual gearbox or 5-speed AMT.
The returning reality series are the Emmy Award-winning programs SURVIVOR , THE AMAZING RACE and UNDERCOVER BOSS . The Big Bang Theory will once again open the evening while the network broadcasts NFL Thursday Night Football.
The best chance for storms on Saturday will be in the morning with more isolated storms by the afternoon if not dry. If that batch gets organized, those storms will move east along the warm front and turn southeast across SE WI.
His daughters vigorously defended him as a civil rights activist, advocate for children, educator, philanthropist and role model. So I think it's something that you never will be able to satisfy all minds and all behaviors.
The handset will be available with 8 GB or 16 GB storage options and can be expanded up to 32 GB using the micro SD card slot. Motorola took us by surprise today and unveiled the Moto C and Moto C Plus - the company's most affordable handsets to date.
Computers in more than 150 countries have been hit by what experts are calling an unprecedented mass cyberattack using ransomware. Health Secretary Shona Robison said the concerning incident shows measures to prevent future attacks need to be a priority.
No humans live on Henderson Island, part of the Pitcairn Islands that are British territories in the southern Pacific Ocean. The paper doesn't explicitly say this, but the millions of plastic debris on Henderson come from all over the world.
Whether Trump fires Spicer or not, one thing is clear: the press secretary gave McCarthy one of her most memorable roles. As reporters compliment Sanders, McCarthy's Spicer bursts into the room to take over the discussion.
He likened the situation to what would happen - hypothetically - if the USA military had some of its Tomahawk missiles stolen. Bitcoin, the world's most-used virtual currency, allows anonymous transactions via heavily encrypted codes.
The initial White House rationale was that Trump acted on the recommendation of the Justice Department's top two officials. The explanation rapidly shifted when Trump told NBC News he had long wanted to fire Comey, calling him a "showboat".
Man sues woman for $17.31 movie ticket after bad date
One woman in the United States is facing legal action from her date after he claimed she was using her phone too much in a cinema. The date, who asked not to be named, defended her behavior at the movies when reached for comment by the paper.
Key moments of Trump-Comey clash and what's come after
Comey intends to "go public" with the memos from his interactions with Trump, according to NBC's Ken Dilanian. The information had come from a U.S. ally, which was later revealed by United States media to be Israel.
Spurs see off Man U in White Hart Lane finale
This season is the first time that Tottenham have gone through an entire league campaign unbeaten at home since 1964-65. At the moment, the Premier League matches are the ones we dont want to play, he said .
Back home, Predators eager to match Ducks' physical play
Anaheim's Ryan Kesler and Nashville's Ryan Johansen chirped and exchanged slashes, as well as other forms of creative stick work. Getzlaf has registered eight goals and seven assists in 11 games with a plus-9 rating and a 54.6 faceoff win percentage.
Xiaomi Mi Router 3C launched in India for Rs. 1199
In terms of the camera , it has a 13MP rear-facing shooter and on the front, there is a 5MP selfie shooter with beautifying modes. Xiaomi Vice President and India Managing Director, Manu Jain said, "Redmi 3S was one of the most popular smartphones past year ".
Mo'Nique tells Oprah: 'Suck my dick!'
She was making unreasonable demands, and she wasn't thinking - this was when reverse racism was happening, I think. Perry and Winfrey served as executive producers on Daniels' Precious .
Audi, Volvo to add Android Auto to new models
Indeed, according to JD Power, smartphone integration and app mirroring is one of the most important features for vehicle buyers. After the launching of Google Assistant SKD, there will be support for other third party Google Assistant phones and devices.
Dancing With the Stars: Final Three Predictions
Last night on Dancing with the Stars Season 24 , we got to see the final four couples take on two new performances. And while Len Goodman still picks on him for his footwork, he's had solid scores and dances ever since he started.