S&P and Dow close at record closing levels....(once again)
S&P and Dow close at record closing levels....(once again)
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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.
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.
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.
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.
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.
When it comes to issues, CNN said the poll shows Trump with a 48%-approve-to-47%-disapprove rating on national security . Confidence in Trump among Republicans too is eroding, according to a CNN survey , conducted between August 3 and 6.
Jeff Sessions had already recused himself from the investigation. "That is complete fiction, complete fabrication", she said. It's yet another example of Congress putting its faith somewhere besides with Trump.
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".
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.
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.
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.
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).
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