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%.
United or Arsenal won the Premier League title in every season between 1995 and 2004, and matches between them were seldom tame. I had it edited to show how Arsenal played whenever we did not have the ball.
Riordan was a Wells Fargo banking executive and well-known community volunteer from Albuquerque, New Mexico, the company said. Southwest announced its own program for similar inspections of its 700-plane fleet over the next month.
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.
Share your Bruno Sammartino memories in the comment section below . "One of the finest men I knew, in life and in business". I'm so grateful I had the chance to meet Bruno and tell him how much he meant to my grandfather and the entire Hart family.
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.
In an interview with CBS News last week, Musk mentioned the couch in his office at Tesla is, well, "not a good couch". For starters, Model 3 production (before the shutdown) stood at around 2,000 units per week earlier this month .
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.
Amazon launches 'in-vehicle' delivery in 37 U.S. markets
The Amazon Key app uses a camera and smart lock so Prime members can have deliveries put inside their home, or vehicle . The company will expand the number of locations as well as eligible vehicle makes and models going forward.
Salah emerges English FIFA Player of the year
The PFA's Merit award went posthumously to Cyrille Regis, the former West Brom forward who died aged 59 in January. With another three games to play, there's no doubt that it will be another record broken by the 25-year-old.
95% of World's Population is Exposed to Air Pollution
Ozone is a corrosive pollutant that can cause chest pain, coughing, shortness of breath and worsen asthma symptoms. Nolen, assistant vice president of national policy for the lung association, and lead author of the report.