Dow Closes Above 22000 For First Time As Apple Soars On Earnings
Dow Closes Above 22000 For First Time As Apple Soars On Earnings
Dow Jones industrial average trades above 22000 points for the first time
03 August, 2017, 01:09
"The Dow is a flawed index where price matters and nothing else", says Mark Arbeter, president of Arbeter Investments, a Holland, Pa., firm that analyzes the health of the market by stock chart patterns, trading volume and trendlines.
Apple shares traded at US$157.14 after hitting a record high of US$159.75 in the wake of its earnings, helping lift the Dow above the 22,000 mark. Nasdaq 100 futures pointed to a 0.68 percent gain at Wednesday's open.
The 131-year-old index received a 50-point boost from Apple, whose shares saw a 6 percent hike after Tuesday's strong earnings report.
Investors should also never get overly confident, no matter how strong the stock market is acting, warns U.S. Trust's Quinlan. The aerospace giant has contributed almost 400 points since the blue-chip index hit 21000 in March through Tuesday's close, with much of its gains coming in the past week after the company's quarterly earnings.
President Donald Trump bragged about the record high on Twitter and at an event for small businesses Tuesday.
A swathe of manufacturing surveys (PMIs) out on Tuesday had underlined how the improvement in activity had broadened out from the United States to Asia and Europe. "This phase of the risk rally is based on growth data, but even more on subdued inflation measures". It expects to report a loss when final results come out next week.
"Investors realize the real question is not whether there's turmoil in Washington, but what will it do to earnings from American companies?"
CURRENCIES: The dollar rose to 110.52 yen from 110.36 yen.
Trump to back proposal to curb legal immigration
If nothing's getting passed this year, the next best thing is to remind your supporters who the enemy is to keep them motivated. It helps select immigrants who have the tools to succeed in the US while returning immigration to more traditional levels.
Yet the euro also benefited from buying against the yen, reaching its highest since February previous year. (NASDAQ: AAPL) were steady ahead of a second-quarter earningscall. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend.
'The market takes the good and immediately discounts the bad, ' said Jake Dollarhide, chief executive officer of Longbow Asset Management.
AutoNation fell 6.19 percent after the largest USA auto retail chain, reported a fall in quarterly profit.
Yesterday, it closed up 60.81 points at 21,891.12 - a new record high.
The S&P 500 .SPX will start excluding companies that issue multiple classes of shares, managers of the index said on Monday, a move that effectively bars Snap Inc after its decision to offer stock with no voting rights.
The Bank of England will announce its latest interest rate decision on Thursday. But the biggest highlight will be the U.S.jobs report due Friday.
The U.S. Energy Information Administration will release weekly data on crude inventories at 10:30 a.m.
About 9,624 shares traded. (NASDAQ:TRIL) has declined 39.86% since August 2, 2016 and is downtrending. Since February 6, 2017, it had 1 buying transaction, and 10 insider sales for $21.67 million activity.
Ozturk, the former air force commander, is also on trial in a separate case, accused of being a ring-leader of the coup . Numerous 486 suspects face life terms in prison for crimes that include murder and attempt to assassinate Erdogan.
The individuals from the group are blamed for murder, banditry and different wrongdoings, the Investigative Committee said. Nine suspected members of the gang have been on trial since last summer, and prosecutors have asked for life sentences.
Supporters of Pakistan's Prime Minister Nawaz Sharif react after the Supreme Court's decision to disqualify Sharif, in Lahore. Opposition parties had also nominated candidates.The Pakistan People's Party (PPP) nominated Khursheed Shah and Naveed Qamar.
Though the White House said the bill was still being reviewed, press secretary Sarah Huckabee Sanders said Trump will sign it. Tillerson added that the United States hopes North Korea "at some point" will understand and sit down for a dialogue.
Tax experts have stressed to lawmakers that tax reform tends to work best and last longer when negotiated in a bipartisan way. At this point, the White House still hasn't engaged at an individual level with some of the members Short referenced.
And reiterated in the September 26 letter 1959 that "there is no dispute regarding the boundary of Sikkim with the Tibet region". Of the 3,488-km-long India-China border from Jammu and Kashmir to Arunachal Pradesh, a 220-km section falls in Sikkim.
The New York Times reported recently that Apple had taken steps to remove VPN and anti-censorship apps from its Chinese app store. VPNs are typically used in the USA for the objective of accessing a company's internally-secured internet when working offsite.
Venezuela's National Electoral Council said turnout in Sunday's vote was 41.53 percent, or 8,089,320 people. Venezuela has set off down a lonely path after a polarizing election that sparked deadly clashes.
It's no surprise that some Kevin Can Wait fans were up in arms about the news that Donna Gable will be killed off . She appeared in two-episode story last season in which she played James' former police partner.
Putin said more than 1,000 people are now employed at the Moscow embassy and three US consulates in Russian Federation . Those restrictions were meant to punish Russian Federation for its annexation of Crimea from Ukraine that same year.
All pre-orders were cancelled, however, as Walmart said the pre-order availability was a glitch in the system. Unveiled in June, the SNES Classic is a reinvented miniature version of the classic 1990's video game console.
'Cash Me Outside' girl escapes jail time
He made similar claims when she pleaded guilty in court late June and tearfully told reporters: 'My daughter is being exploited. She conceded awesome robbery, great burglary auto, ownership of cannabis and documenting a false report in a hearing in June.
Solar eclipse: When, where, and how to view it
The library will provide safe solar eclipse glasses for viewing the eclipse at the Blue Mountain Station on August 21, at 9 a.m. Because the path travels across the United States in North America, this is expected to be the most viewed eclipse of all time.
Daily Telegraph wrongly announces Duke of Edinburgh's death
Wednesday marked a momentous day in Prince Philip's royal calendar; he carried out his last engagement before his retirement. He has given almost 5,500 speeches, made more than 600 overseas trips and served as patron for almost 800 organizations.
Inmates Use Peanut Butter to Escape Alabama Jail
The inmates were ages 18-30 and two had charges for attempted murder, but most were serving sentences for theft or drug crimes. Eight of the prisoners were captured on Sunday night, while three others were captured in the early hours of Monday.
Kenyan IT Head That Led Computerizing Election Found Dead
The opposition has charged that President Uhuru Kenyatta wants to rig the election, an accusation the presidency has denied. Both were naked and appeared to have been tortured before their bodies were dumped in a forest in Kiambu outside Nairobi.
Earth will hit risky 2C global warming level within 80 years
Approximately 2 degrees Celsius (3.6 degrees Fahrenheit), according to scientists from the University of Washington , in Seattle. In the first study , researchers used statistical tools to determine the likelihood of different levels of warming .
Injured Rudisha pulls out of London Worlds
IAAF president Lord Coe said: "It's not that we're not registering any progress - we are moving in the right direction". And Rudisha said last month that he was in even better form than 2016.