S&P and Dow close at record closing levels....(once again)

Rosalie Gross | 09 August, 2017, 01:20

U.S. stock indexes reversed course to trade higher on Tuesday morning, with the Dow and the S&P hitting a new record, helped by a rise in Apple's shares.

The Dow Jones industrial average climbed 25 points, or 0.1 percent, to 22,118. Click on ticker-symbol links in each slide for current prices and more.

"Despite precious few game changing economic policies from Trump thus far, the latest U.S. jobs data coupled with elevated business confidence numbers suggest firms remain bullish for the United States economy going forward", said Joshua Mahony, market analyst at IG.

Meanwhile, investors will continue to closely track the second-quarter earnings season to see if pricey valuations are justified.

The Standard & Poor's 500 index fell 4 points, or 0.2 percent, to 2,476.

Elsewhere, energy companies fell along with the price of crude oil.

Chicago to Sue US Over Funding Threats Against 'Sanctuary Cities'
The money would mostly be used to buy police vehicles. "He's brought discipline, no doubt, to that effort", Emanuel said. In response to Emanuel's announcement, the Justice Department called the Chicago lawsuit "tragic".

And on Tuesday, shares of Michael Kors jumped 20.31 percent after the retailer raised its full-year revenue forecast, while Ralph Lauren was up 9.79 percent following revenue and profit beat.

The index is trading at 18 times expected earnings, compared to its 10-year average of 14, according to Thomson Reuters Datastream. The Nasdaq Composite Index also manages to get caught in the tailwind; it manages to record a total increase of 0.5% or 32.21 points and closing to 6,383.77 levels.

Warren Buffett's Berkshire Hathaway was down 1.11 percent after the company reported a drop in second-quarter profit. Nasdaq manages to set a new high for its biggest one-day percentage rise since July.

The S&P 500 has risen about 11 percent in 2017 despite investors losing confidence in President Donald Trump's ability to legislate his pro-growth agenda of tax cuts and infrastructure spending this year.

Shanghai stocks were little changed despite the disappointing Chinese trade data.

Tillerson and Bishop call on Duterte in Malacañang

IDF strikes Hamas targets following Gaza rocket attack

09 August 2017

Over 11.44 Lakh PANs deactivated: Junior Finance Minister
You will be asked to enter the same mobile number on this page, which you entered on your form while applying for your PAN card. If you fail to link your Aadhaar card with your PAN card, then your PAN card might be declared invalid by December 2017.

08 August 2017

Prosecutors Seek 12-Year Sentence for Samsung Chief
The merger would have eased Lee's path to take over control of the entire conglomerate from his ailing father. The group has rejected investor demands to restructure into a holding company and an operating company.

07 August 2017

Eiffel Tower: Police stop man with knife defying security
Although a French national, the man was born in Mauritania, an African Arab nation, in 1998. The man kept was wearing a Paris Saint-Germain football shirt.
Nawaz Sharif holds meetings with heads of coalition parties in Islamabad
He went on to say that Interior Minister Ahsan Iqbal and Foreign Minister Khawaja Muhammad Asif are citizens of Dubai. Sharif has spent most of his time in Murree in hectic consultations over the formation of the new cabinet.

07 August 2017

Israel seeks to kick out Al Jazeera
He has frequently criticised the news media, accusing outlets of seeking to undermine his government. However, Al Jazeera has denied such allegations and said that it is an independent media agency.

Jaitley calls RSS worker's murder 'barbaric'
The veteran BJP politician blamed the CPI (M) for the political attacks in the state on the RSS-BJP members. The commission also directed the state government to take necessary steps to stop incidents of lynching.
09 August 2017

Marriott set to woo Chinese tourists with Alibaba deal
Hotels are offering incentives for guests to book directly and to earn points through co-branded credit cards. Marriott's focus with the joint venture is mostly outbound Chinese travellers, Linnartz said.

08 August 2017

Four-time Olympic champion Cuthbert dies aged 79
He remembers bursting with pride after listening on the radio as Cuthbert claimed victory in the first Olympic women's 400m. In 2000 Cuthbert was one of the torch bearers at the opening ceremony of the Olympic Games in Sydney.

07 August 2017

Arsenal beat 10-man Chelsea on penalties to win Community Shield
Following Arsenal's victory, Wenger was quick to praise his new signing, paying attention to the strength of the full-back. Arsenal have tapped the free agent market this summer and, like Liverpool, took a former Schalke player.
08 August 2017

Proteas Set for Another Major 1st Innings Deficit
South Africa were 163/3‚ or still a long way from victory or even safety but significantly better off they had been at lunch. South Africa's bowlers had run in gamely for much of the day in a vain attempt at getting their team back in the match.

07 August 2017

Dolphins have reached out to Jay Cutler about National Football League return
Cutler, 34, played the last eight seasons with the Bears and was released by the team last March. The duo connected 521 times for 6,423 yards and 46 touchdowns during their six seasons together.

07 August 2017

Vladimir Putin gets away from it all in Siberia
The 64-year-old is renowned for his strong-man publicity stunts, which have contributed to his sky-high popularity ratings. As per the report, although he has yet to announce his candidacy, Putin is widely expected to run and to win comfortably.

IDF strikes Hamas targets following Gaza rocket attack No casualties or damage were reported , however. "Some time ago a shell hit an open area in the district (city ed.) Ashkelon". On Tuesday evening, warning sirens blared in southern Israel as the rocket from the Gaza Strip was sacked into the country.

Federal Bureau of Investigation takes over probe of bombing of Minnesota mosque My prayers are with the children, families, and faith leaders of the Dar Al Farooq Islamic Center today". He says investigators have recovered components of the device to figure how it was put together.

South Africa's Zuma survives no-confidence vote with party backing But here we are". "The failed motion of no confidence reinforces the status quo", Kotze said by phone from Pretoria, the capital. So a minimum of 55 members of the ruling party would need to defect to pass a motion of no confidence in the president.

Mobile targets seniors with new $60 unlimited plan Yes, you will also benefit from all the perks the Uncarrier has to offer. The catch? To get the best price, you have to sign up as a couple.

Tillerson and Bishop call on Duterte in Malacañang Despite Obama denying that he would meet with Duterte during a regional conference in 2016, the two exchanged greetings.

Early storms release NJ from humidity; cooler weather ahead Tuesday will be partly sunny in the morning, then become mostly cloudy with a chance of showers and thunderstorms. The unsettled weather continues into Friday with a chance for showers and temperatures in the low 80s.

Fox News Host Eric Bolling Suspended Amid Lewd Photo Accusations The allegations against Bolling are the latest sexual harassment claims against high-ranking employees of Fox News . If any Fox executives are reading this, please include make-up artists in your assessment of the environment.

Korea, US, Japan to hold foreign ministerial meeting to discuss NK issue Wang made remarks while meeting North Korean Foreign Minister Ri Yong-ho on the sidelines of Asean summit here. Ri re-affirmed Pyongyang's position on the matter during the meeting, Wang said.

UNSC adopts resolution in response to DPRK's two ICBM tests in July The measure cuts about $1 billion worth of North Korean exports, or about a third of the country's export revenue each year. Ambassador Liu Jieyi called for a halt to the deployment and for any equipment in place to be dismantled.

India beat SL by innings and 53 runs; clinch Test series The ball narrowly missed him in a manner which the on- field umpires determined as "dangerous", the ICC said in a release. Kohli now has 18 wins under his belt-only three less than India's second-most successful captain Sourav Ganguly (21).

Trump Lashes Out at Blumenthal: "He Was a Phony Vietnam Con Artist" The senator admitted in 2010 to misrepresenting his military service after saying he had been "in" Vietnam . The president took three tweets to criticize Blumenthal. "That investigation must be pursued".

Former Bear Jay Cutler will play football again With the Bears last season, Cutler played in just five games, as he totaled four touchdown passes and five interceptions. Cutler, however, is unlikely to save the Dolphins season or make them a favorite by any stretch of the imagination.

ASEAN, China officially approve draft COC framework They said they have tasked senior officials to start negotiating on the Code of Conduct with China . The role of the Philippines as 2017 chair of Asean has helped China keep a lid on discord.

12 killed in Nigeria church attack Unknown number of gunmen open fire inside a church in Nigeria's south, killing at least 12 and wounding several others . An eyewitness, who simply identified herself as a choir member, said that the church was dark as there was no light.

England vs South Africa 2017, fourth Test match, Day 3 Bounce became increasingly unpredictable as the third day wore on, with many deliveries skidding through at shin height. Morne Morkel bowled a marathon eight over spell from the James Anderson End, removing Alastair Cook and Tom Westley.

S&P and Dow close at record closing levels....(once again)

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