S&P 500, Nasdaq hit record highs after upbeat retail results
S&P 500, Nasdaq hit record highs after upbeat retail results
27 May, 2017, 01:21
Electronics retailerBest Buy had a stellar trading day, surging 21.5 per cent after posting better-than-expected quarterly results.
The S&P 500 rose for a sixth straight day on Thursday, its longest streak since February.
The S&P 500index showed 84 new 52-week highs and nine new lows, while the Nasdaq recorded 118 new highs and 44 new lows.
At 12:32 p.m. ET (1632 GMT) the Dow Jones Industrial Average was down 9.32 points, or 0.04 percent, at 21,073.63, the S&P 500 was down 0.22 points, or 0.00 percent, at 2,414.85.
The U.S. dollar's lacklustre performance comes in part from doubts about whether the U.S. Federal Reserve will raise rates at its June meeting, as well as economic conditions not showing enough acceleration, he said.
USA shares started the day higher with software analytics firm Intuit (NYSE:INTU) shares the top riser on S&P 500.
US crude prices plummeted as much as 5.7 percent to $48.45 a barrel, their lowest level in a week after OPEC agreed to extend output cuts for nine more months, dousing hopes for deeper, longer cuts. They showed policymakers view an interest rate hike coming soon, but that they agreed to hold off until it was clear a recent slowdown in the economy was temporary.
USA stocks rose on Thursday, with the S&P 500 and Nasdaq Composite scaling new highs, buoyed by strong earnings reports from the embattled retailer sector.
About 6.4 billion shares changed hands on US exchanges, below the 6.8 billion daily average for the past 20 trading days, according to Thomson Reuters data.
Arsenal must ensure Sanchez, Ozil stay, says Cech The 2016/17 season has been the most productive season of his career having scored 29 goals in all competitions. "I think their behaviour let Arsenal down in that period", said Keown, speaking on BT Sport.
The Nasdaq climbed 4.94 (+0.08 percent) to close at 6,210.19, and the S&P 500 finished at 2,415.82, up 0.75 (+0.03 percent) from its open.
USA crude slipped somewhat- down 0.31% to $51.31 a barrel, ahead of tomorrow's OPEC meeting in Austria.
Limiting gains, the S&P energy index was down 1.9 percent following a drop in crude oil prices.
"The minutes, while leaving the door open for another rate hike weren't as hawkish as some investors had been expecting - there had been speculation ahead of time that hawkish tones could be quite supportive for the dollar", said Alexandra Russell-Oliver, currency analyst at Caxton FX in London. The index hit an all-time high of 6,209.05.
That was reinforced by the jobless claims data, which showed that claims rose less than expected last week and the four-week moving average of claims fell to a 44-year low.
On the Big Board, advancers exceeded decliners by just 1.1-to-1, and on the Nasdaq, advancers led by 1.2-to-1.
NASDAQ measures a number of indices reflecting the reaction of USA's high tech markets and business environments on the country's political and economic developments which have an impact on high tech markets.
It's not the first time Trump has taken aim at Germany's trade success. "Trade is going to be a big topic". US President Donald Trump is angry, very angry at the Germans, as they are apparently " bad, very bad! ".
It was good to get a run-out and obviously make my first appearance of the season after a long, long injury. I have until Saturday to decide [about a formation change]. "I owe this to this team and to this club".
In the last four minutes and 50 seconds of the third quarter, Cleveland turned a three-point deficit into a seven-point lead. Celtics: Injured point guard Isaiah Thomas led his teammates in a pregame huddle before they took the court for warmups.
A right-wing corner was headed down by Chris Smalling, and Mkhitaryan reacted quickest with a very smart finish. The Armenian said: "Thank you to my team-mates because without them I couldn't score so many goals".
The week in a seemingly endless onslaught of news about chaos coming from within the White House shows no signs of slowing down. That investigation includes examining whether there was any collusion between the campaigns and the Russian government.
On an online messenger system, Choi told Reuters , "He said he and his colleagues were running tests for ransomware attacks ". The Sony Pictures hack in 2014 and another attack on a Bangladesh bank in 2016 have both been attributed to the Lazarus.
That price is far more affordable than what Microsoft has been charging for another mixed reality headset called the HoloLens. Microsoft wants to be a key asset in your digital toolbox - regardless of whether you're using Windows, iOS or Android .
With their loss to Boston in Game 3, the Cavaliers saw a 13-game SU win streak during the playoffs come to a close . "It happens. Indeed, Cleveland missed 15-of-17 long-range shots in the second half after nailing 14-of-22 in the first and second quarters.
Some senators have suggested their preference to write a new bill, rather than working to amend the American Health Care Act . The report could give talking points to House Republicans for their bill, or to Democrats who voted unanimously against it.
Abbas said the Palestinians "are committed to working with [Trump] to reach a historic peace deal between us and Israel". We need to understand the situation as one where there's an occupier and an occupied.
Google Opinion Rewards is Finally Available in India
This data tells us why Apple's monetization leadership in the world's second largest market for app spending is important. Anti-virus programs don't typically detect such codes, so apps like these go undetected for a good while.
Korea calls S. Korea's border firing reckless provocation
In 2014, South Korean officials discovered what they described as several North Korean drones that had flown across the border. South Korean media said that over 90 rounds were fired at the object before it disappeared from South Korea's radar screens.
Trump meets with Abbas in West Bank
Back in Jerusalem , Trump gave a speech at the Israel Museum , where he said "my administration will always stand with Israel ". Before Trump , no sitting president had ever visited the religious site, likely due to questions over the status of Jerusalem .
Ariana Grande London dates cancelled after Manchester bombing
Abedi died in the bombing, which claimed the lives of at least 22 victims and injured dozens more - many of whom were children. After leaving school, he went on to begin a business and management course in 2014 at the nearby University of Salford.
Gritty Celtics stun Cavaliers to reduce series deficit
He's a passionate player, but seldom is it on display in as outwardly a fashion as it was following their Game 3 victory. Bradley admitted Friday's lopsided loss left a sour taste in his mouth. "Wide-open look", Bradley said.
Saudi, UAE pledge $100 million to Ivanka Trump womens' fund
The tweet also included a screen shot of text from President Trump's speech in Riyadh on Sunday to leaders of the Muslim world. Think about that: the American president went from demanding that Saudis pay us more to offering to help Saudis pay us less.