Markets Right Now: Stocks move solidly higher on Wall Street
05 April, 2018, 00:55 | Author: Samuel Sharp
The Dow rose 389.17 points, or 1.6%, to 24,033.36, while the S&P 500 added 32.57, or 1.3%, to 2,614.45 and the tech-laden Nasdaq increased 71.16, or 1%, to 6,941.28. The blue-chip gauge had been down by as many as 510 points at its session low.
Reflecting the strength in the tobacco sector, the NYSE Arca Tobacco Index has surged up by 1.8 percent on the day.
WALL STREET: Major U.S. benchmarks ended higher after a late rally.
Tesla shares gained 2.6 per cent after the electric automaker said it need not raise more capital this year while announcing it built 2,020 of its cheaper Model 3 sedans in the last seven days of March.
Equities have been extremely volatile of late.
Advancing issues outnumbered declining ones on the NYSE by a 1.33-to-1 ratio; on Nasdaq, a 1.98-to-1 ratio favored advancers.
In the latest developments, the U.S. has revealed a list of 1333 Chinese machinery and materials goods worth $US50 billion that will be hit with 25% tariffs.
Stocks shook off a rocky start and are solidy higher in midday trading, led by gains in banks as interest rates move higher. "It's not just trade tensions". Fundamentals are holding the stock market up.
Which stocks are in focus? It fell 458 a day earlier. Boeing Co.'s stock (BA) fell 1%, while heavy-machinery maker Deere & Co.(DE) fell 2.9%.
But stocks erased those declines in afternoon trading, as some analysts said knee-jerk selling on worries that protectionist trade policies could slow global economic growth might have been overdone.
Shares of chip makers, manufacturers and machinery companies initially came under pressure after China unveiled plans for a series of retaliatory tariffs on American goods.
The company also said Facebook information of up to 87 million people, more than initially reported 50m, may have been improperly shared with an analytics firm tied to President Donald Trump's 2016 campaign.
But some traders said technical sellers could still put pressure on stocks on Wednesday as the S&P's closing level was still too close for comfort to 2590.76 - the 200-day moving average - and 2532.69 - its February 9 low. The stock opened with a bang Tuesday, but closed on a down note (http://www.marketwatch.com/story/spotifys-stock-opens-with-a-bang-then-pulls-back-2018-04-03). Caterpillar fell 3 percent.
Media conglomerate Viacom sank 4 percent following reports that sibling company CBS wanted to buy it for below its current market value. It was the best day for the stock since May 2010.
Traders are also looking ahead to the release of the Labor Department's closely watched monthly jobs report on Friday. We're on the verge of the earnings reporting season.
Naftali Bennett, leader of the nationalist Jewish Home party, earlier yesterday tweeted that the deal "is bad for Israel ". Given the lack of choices, Netanyahu said his deal with the United Nations refugee agency was the best available option.
The two Koreas are technically still at war after the 1950-1953 conflict ended with a ceasefire rather than a peace agreement. Kim shook hands with the performers and "expressed his deep thanks to them", the North's official KCNA news agency reported.
Wednesday's elective surgery was planned as the Duke has been suffering from pain with his hip for the last month or so. A spokesman for Buckingham Palace said: "The Duke of Edinburgh has undergone a successful hip replacement operation".
In this mode, an attacking team will set out to capture and hold an objective area, the defending team will try to stop them. And if you haven't grabbed the game yet, PC, PS4, and Xbox OneGhost Recon Wildlands is available for purchase at Amazon on.
But his sentence does not shed much light on the central question of Mueller's inquiry: Russian interference in the 2016 election. Russian Federation investigation prosecutors have brought up something that President Trump will not like: collusion.
Among the 39 Indians, most were from different places in Punjab like Amritsar , Gurdaspur, Hoshiarpur, Kapurthala and Jalandhar. Foreign Minister Sushma Swaraj denied the government had given the families false hope.
It should produce a "quick burst" of snow - that could coincide with the Friday morning commute - before changing over to rain. I think we're going to have to wait until sometime after the middle of the month before we see prolonged spring-like weather.
The US Department of Commerce said in a release that citizenship questions had been included on previous censuses . Census Bureau has an obligation to determine "the whole number of persons in each state ".
However, unlike what was reported earlier , it may not hide an under-display fingerprint reader beneath the display. The Galaxy Note 8 was unveiled by the company on August 23 in 2017 and it hit the stores on September 15.
Defunct Chinese space lab set to re-enter Earth's atmosphere
Shenzhou 9 launched on June 16, 2012 , with three astronauts, including China's first female astronaut , fighter pilot Liu Yang. The Aerospace Corp. predicted Tiangong 1's re-entry would take place within two hours of either side of 10.18am AEDT.
Kim Jong-un watches South Korean K-Pop show in Pyongyang
Red Velvet, a five-woman pop group that has found huge success in recent years, was one of the big names to headline the show. On Yoon's first visit to the North Korean capital, he told CNN, one of his band members was nearly stopped from playing.