Boeing's big gain ends five-day losing streak for the Dow
Apr 29, 2018, 13:26
The Dow opened slightly higher on Wednesday, boosted by Boeing's 3.4 per cent jump after strong results, while the Nasdaq and S&P 500 were little changed as U.S. bond yields climbed above the 3 per cent level. Thanks to a big gain from Boeing, the Dow Jones industrial average snapped a five-day losing streak and rose 59.70 points, or 0.2 percent, at 24,083.83. The S&P 500 fell 1.9 percent, with consumer staples and technology sliding. The Nasdaq composite gave up 3 points, or 0.1 percent, to 7,003.
Stocks tumbled Tuesday after companies including Caterpillar, 3M and Sherwin-Williams said they're seeing higher costs.
The 10-year yield, a benchmark for global borrowing costs, has been driven steadily higher by a combination of concerns over inflation, growing debt supply and rising Federal Reserve borrowing costs.
Twitter fell by nearly 2.5 per cent after the social media company said it expects a slowdown in revenue growth and rising costs.
Stocks climbed in early trading as companies like Caterpillar, appliance maker Whirlpool, and Fifth Third Bancorp posted strong quarterly results.
"There is a lot of buzz among strategists about the Fed raising rates three or even four more times this year, which is adding to the nervousness on Wall Street", said Ken Berman, strategist at Gorilla Trades.
Comcast rose 3.7 percent after the US cable company submitted a $31 billion offer for pay-TV group Sky, challenging an already agreed but lower takeover bid from Rupert Murdoch's Fox.
Technology stocks also weighed on the major indexes.
Aerospace company Boeing was an exception, as it topped Wall Street's estimates and raised its forecasts for the year.
This was over a surge in government-issued debt due arising out of a revenue shortfall - and is related to the Trump administration's massive corporate tax cut, which was passed in December past year.
Comcast rose 2.7 percent after the largest USA cable company confirmed its $31 billion bid for Sky on the heels of its better-than-expected earnings report.
Bond prices slipped again Tuesday.
ENERGY: Benchmark U.S. crude oil shed 1.4 percent to $67.70 a barrel in NY. The 10-year Treasury note (http://www.marketwatch.com/story/heres-what-it-means-for-the-market-that-the-us-10-year-yields-3-2018-04-24) yield hit a new high at 3.026%, not seen since December 31, 2013, according to FactSet data. Germany's DAX is down 1.4%, as the 10-year bund yield tapped its highest point since March 9.
Another market favorite, online retailer Amazon, shed 3.8 percent to $1,460.09. The VIX Volatility Index was lower at 17.84 for a loss of -0.18 points or -1.00%.
Benchmarks in Hong Kong and South Korea fell as much as 1% by midday, while a number of other markets logged declines of at least 0.5%.
The leaders of the two Koreas are due to meet April 27 on the southern side of the tense, demilitarized zone that separates them. Abe's domestic political troubles come at a sensitive time for Japan given ongoing diplomacy surrounding the Korean Peninsula.
The ball clearly was still on Horford's hand after the timer expired to the point that multiple Bucks stopped playing on the play. Antetokounmpo had 35 points, 13 rebounds and seven assists in Game 1 and 30 points, nine rebounds and eight assists in Game 2.
The stock was sold at an average price of GBX 367 ($5.12), for a total value of £1,387,832.52 ($1,935,610.21). Rice Midstream Partners LP (NYSE:RMP) has declined 28.62% since April 24, 2017 and is downtrending.
They had no shots on a second-period power play, and it took them 9:21 to get their first shot in that stanza. Crosby's most recent one goal, one assist performance gives him five and four, respectively, in the series.
Others feel as though more people being passionate about vinyl is a good thing and increases the visibility of the medium. Needle Drop Records (304 Gregory Street): Opens at 9 a.m.; check out its Facebook for bands as the schedule is finalized.
Sky responded by saying it was withdrawing its recommendation of the Fox deal - paving the way for bids to be raised. Comcast , the owner of NBC and Universal Pictures, said it was delighted to be formalising its offer.
The growing sense of crisis has sparked panic-buying in supermarkets, and looting was reported at some stores early Sunday. The BBC reports that independent TV stations have been taken off the air after broadcasting the protests live.
QB picks fall off after first round
Select from these options: Breaking News, Severe Weather, School Closings, Daily Headlines and Daily Forecasts. Washington will join Steelers' star Antonio Brown , a six-time Pro Bowler, on the receiving corps.
Browns start round two RB run with Nick Chubb
Cleveland addressed a major defensive need and selected defensive end Myles Garrett with the first overall pick a year ago. Looking back, Mayfield said he regrets the "stuff" he did and that going forward he has to redirect his emotions.
Don't use third parties to fix iPhones and iPads
Apple has said it has devoted so much effort to bug-fixing that this year's iOS 12 update will reportedly have fewer new features. After the update, some iPhone 8 devices lost their touch-screen functionality after being repaired by non-certified experts.
Romney must compete in primary for Senate seat
Kennedy edged Romney in the vote among convention delegates, 51 percent to 49 percent, according to The Salt Lake Tribune . The primary election will June 26, with ballots mailed to voters three weeks before election day.
Embiid scores 23 as 76ers take 2-1 lead
Sources say the facial injuries Embiid suffered included a severe midface and orbital fracture that required a complex surgery. A Dario Saric three put the Sixers ahead, 83-82, for the 15th lead change of the game with just over four minutes to go.
Best Buy Will Sell Amazon Fire TVs In Exclusive Partnership
Amazon and Best Buy are teaming to bring the next generation of Fire TV Edition smart televisions to market in the US and Canada. The Fire Edition TVs by Insignia and Toshiba are created to work seamlessly with Amazon's own voice assistant Alexa .