learningandfinance.com


Business

United States stocks close slightly higher, Nasdaq hits new record

Share
United States stocks close slightly higher, Nasdaq hits new record

For the week to Thursday the S&P 500 is up 1.60 points, or 0.1% and t he Dow is up 67.34 points, or 0.3%.

JPMorgan Chase and Citigroup both did better than analysts expected in the third quarter, but their stocks fell and so did shares of other banks. The stock traded 0.2 percent higher as of 9:12 a.m.in NY.

Apple (AAPL.O), up 0.6 percent, gave the S&P 500 its biggest boost, while the S&P technology index.SPLRCT was up 0.5 percent.

Gains in Wal-Mart and Johnson & Johnson nudged the Dow Jones Industrial Average to another record level on Wednesday, but the broader market was sluggish ahead of big bank earnings.

EU's Juncker says the British 'have to pay'
"I make no secret of the fact that to provide certainty we must talk about the future", Davis said, stressing his demand for trade talks.

UAE follows US lead, severs ties with N. Korea
The statement said the UAE "looks forward to a unified global front against North Korea's nuclear weapons and missile program". Several thousand North Korean workers reside in the US-allied Gulf region, mainly working on construction sites.

Crystal Palace vs Chelsea 14 October 2017: EPL Preview and Predictions
Chelsea manager Antonio Conte says France midfielder N'Golo Kante will be sidelined for three weeks after suffering a hamstring injury on global duty.

Meanwhile, shares of Equifax declined 1.53 percent after the company said it is investigating another possible cyberbreach. The Nasdaq composite rose 16.30 points, or 0.2%, to 6,603.55.

On the economic front, the Labor Department said its producer price index for final demand increased 0.4 percent last month after rising 0.2 percent in August. The Russell 2000 index of smaller-company stocks edged down 1.08 points, or 0.1%, to 1,506.92. In individual stocks, Bank of America and Wells Fargo & Co. reported third-quarter earnings today, with B. of A. registering some gains and Shares of Wells Fargo declined on its weaker-than-expected numbers.

The Dow Jones industrial average slid 31.88 points, or 0.1 percent, to 22,841.01. The Dow Jones Small-Cap Value TSM Index closed at 10,069.27 for a loss of 4.22 points or 0.04%.

Share