United States stocks end week on record high with some future concerns
15 July, 2017, 09:24 | Author: Leticia Walters
Banks and technology companies led USA stocks to modest gains Thursday, pushing the Dow Jones industrial average to its second record close in two days.
The Dow Jones Industrial Average closed 84 points higher at 21,637, a record.
In New York, the Dow Jones industrial average gained 9.39 points to 21,562.48, the S&P 500 index added 3.67 points to 2,451.50 and the Nasdaq composite index climbed 13.42 points to 6,287.86.
The Nasdaq Composite outperformed the Dow and the S&P, rising 0.6% to close at 6,312.
A decline in financial shares limited the day's gains, even though JPMorgan Chase & Co (JPM.N) and other big banks delivered quarterly results that beat Wall Street expectations.
Stocks rose as investors waited for day two of Federal Reserve chief Janet Yellen's testimony to Congress. For the week, the Dow advanced more than 1%.
In corporate news, JPMorgan Chase reported quarterly net income of seven billion us dollars, up 13 percent year-on-year. The Russell 2000 index of smaller-company stocks inched up 1.34 points, or 0.1 percent, to 1,425.66.
The index for all items less food and energy rose 0.1 percent in June, its third straight such increase. Target Corp. rose 4.8 percent after an upbeat second-quarter forecast.
Bank of America shares fell about 1%, while Citigroup edged up 0.2%.
Advancing issues outnumbered declining ones on the NYSE by a 2.54-to-1 ratio; on Nasdaq, a 1.29-to-1 ratio favored advancers.
Bank of America, Goldman Sachs and Morgan Stanley will report results next week.
The Canadian dollar was trading at 78.94 cents United States, up from Thursday's average price of 78.47 cents US.
The results were announced by #Anna Chlumsky ( 'Veep' ) and #Shemar Moore ( Criminal Minds' ) from Television Academy on Thursday. Hulu also scored three total nominations for The Handmaid's Tale; it was nominated for outstanding drama series .
Armstrong's snapshot of fellow Apollo 11 astronaut "Buzz" Aldrin standing on the moon could go for up to $4,000 (£3,100). The current owner, whose name has not been made public, bought the treasure and chose to send it to NASA for testing.
Bernardo Silva has already made the switch to Manchester City, while Tiemoue Bakayoko is finalising a £40m move to Chelsea. Widely seen as one of the standout young players in world football, Mbappe is much more than just a goalscorer.
Scores of firefighters are battling the hard blaze, which started on the 26th floor and has spread to at least the 28th floor. A Honolulu Fire Department helicopter flies near a fire burning on a floor at the Marco Polo apartment complex in Honolulu.
The leadership of the party has announced that the National Convention of the PDP has been slated to hold in October. Recall that the apex court had earlier put an end to the lingering leadership crisis rocking the opposition party.
DiNardo and Kratz picked Finocchiaro up, but then changed their minds about selling him the drugs and instead plotted to rob him. Authorities had charged DiNardo earlier this year with having a gun despite an involuntary mental health commitment.
Authorities in the Kaziranga National Park introduced a "time-card" facility to regulate vehicular movement on a. Over 80 percent of the World Heritage Site has got submerged following incessant rainfall since last week.
Twitter users have been posting their tributes to mark the one-year anniversary since the terror attack in Nice . He said they images are taken from afar, without identifying anyone and without "attacking their dignity".
The names include six actors and one director to give their statements in connection with the ongoing investigation. This is based on the revelations of 12 people who had been arrested with regards to this drug case.
The site remained essentially inaccessible for days after the fact, prompting some users to speculate about an exit scheme. Cazes was arrested at the Private House housing estate on Phutthamonthon Sai 3 Road in Thawi Watthana district on July 5.
Dollar hit as year-end U.S. rate hike bets cool after weak data
However, "The current data provide few reassurances for the Federal Reserve" about the growth outlook, economist Diane Swonk said. The year-on-year CPI has been retreating since February, when it hit 2.7 per cent, which was the biggest increase in five years.