Thursday, 13 December, 2018

How major U.S. stock indexes fared Tuesday

Jean Garcia | 26 April, 2018, 00:15

USA stocks took steep losses Tuesday despite solid corporate earnings reports as rising interest rates spurred uncertainty among investors. The Brent oil price fell by 0.96% to 73.99 Dollars per barrel. The stock's rise helped the Dow bounce back from a 201.05-point deficit and snap a five-day losing streak.

At 7:45 a.m. ET, Dow e-minis 1YMc1 were down 25 points, or 0.1 percent, with 46,158 contracts changing hands.

"Fears of "peak earnings" are laughable considering that the average constituent in the S&P 500 has enjoyed year-over-year bottom line growth in excess of 20%", Klein wrote in a note.

Investors are anxious rising borrowing costs because it may slow the economy and hurt companies' ability to buy back their own stocks even. "At the same time, bonds are behaving badly, and with both struggling, investors are feeling nervous about the market in general", said Michael Mullaney, director of global market research at Boston Partners. In addition, higher yields can make bonds appear more attractive than stocks, which come with higher risk.

Google's parent company Alphabet dropped 4.8 per cent, which is nearly all of its gains this year.

The Dow Jones industrial average climbed 47 points, or 0.2 percent, to 24,523.

Apple Inc shares lost per cent as worries over softening demand for high-end smartphones were underscored as Corning Inc reported a drop in screen glass sales for the first time in at least four quarters.

Market favorites including Alphabet and Amazon dropped Tuesday, and heavy equipment maker Caterpillar sank 6.2 percent after warning of weaker profits.

Who will call the shots at Flipkart if Walmart takes over?
Walmart can aid Flipkart with deep pockets and decades of retailing expertise in skills from logistics to marketing. The analyst also said that Flipkart had "competed for far too long against Amazon " to now sell a 40% stake to it.

"They're kind of pulling each other down", said Nolte.

The US markets ended the Tuesday trading session on red territory because of investors' concerns about a possible increase in interest rates and skeptical statement by the Caterpillar's President.

Shares of Lockheed Martin Corp, the Pentagon's largest weapons supplier, fell 6.2 per cent. This is partly due to the company's president Brad Halverson's statement, according to which the company's forecasts are that the first quarter will be the culmination of the year.

The S&P 500 is down 39.05 points, or 1.5 percent. -European differences on Iran, easing concerns that the United States might reinstate sanctions against Iran.

Facebook which is set to report after market on Wednesday, was down 0.14 percent.

The S&P 500 posted 13 new 52-week highs and 21 new lows; the Nasdaq Composite recorded 61 new highs and 90 new lows.

The U.S. equities fell sharply in the previous session.

Recommended

  • Djokovic stunned in Barcelona second round

    Djokovic stunned in Barcelona second round

    Djokovic's start to the year, which now stands at five wins and five losses, is the worst of his entire professional career. Djokovic made a decision to play in Barcelona after losing to Dominic Thiem in the third round of the Monte Carlo Masters.
    Neymar must join Real Madrid to become the best - Rivaldo

    Neymar must join Real Madrid to become the best - Rivaldo

    However, PSG's European Campaign this season was a disappointment as they were knocked out by Real Madrid . Neymar was linked with a move to Real Madrid , having just spent a season with the French Champions.
    Patriots QB Tom Brady's agent confirms client's return for the 2018 season

    Patriots QB Tom Brady's agent confirms client's return for the 2018 season

    And like every player, yes, he thinks about his contract - it's a pretty natural thing to do. "Tom's intentions have not changed", Yee told ESPN's Adam Schefter on Monday.
  • Xbox One's May Update Adds 120Hz Refresh Rate, Group Pins

    Xbox One's May Update Adds 120Hz Refresh Rate, Group Pins

    Supporting 1080p and 1440p resolution , turning on 120Hz will enable you take advantage of a higher refresh rate than usual. Suffice to say that games that might have been limited to 30fps will probably not jump to 4 times more frames per second.
    Bungling cops try to use dead chap's fingers to unlock his smartmobe

    Bungling cops try to use dead chap's fingers to unlock his smartmobe

    At the funeral home, two detectives held the man's hands up to the phone's fingerprint sensor , but could not unlock it. Legally, the detectives were in the right because under the law, there is no expectation of privacy after death.
    Romney Faces Tough Path To GOP Nomination

    Romney Faces Tough Path To GOP Nomination

    However the two males have proven contemporary indicators of burying the hatchet, and Romney has accepted Trump's endorsement . Kennedy edged Romney in the vote among convention delegates, 51 percent to 49 percent, according to The Salt Lake Tribune .
  • Former UF receiver Callaway fails drug test at scouting combine

    Former UF receiver Callaway fails drug test at scouting combine

    Callaway dealt with a litany of off-the-field issues as a Gator, and was suspended for his entire junior season. ESPN reports that his agent is disputing the sample, calling it a false positive because it was diluted.
    NASA spots unusual

    NASA spots unusual "sorta" circles and holes in Arctic sea ice

    Freaky circular shapes spotted by a research plane in the Arctic's Beaufort Sea are puzzling NASA scientists. The NASA reports that some features in the ice can be easily explained while some cannot .
    Family dog helps rescue missing 3-year-old girl

    Family dog helps rescue missing 3-year-old girl

    An Australian farm dog has been making headlines over the weekend after saving a 3-year-old girl lost in the bush overnight. A partially blind and deaf dog became a 3-year-old girl's hero and protector when she got lost in the woods in Australia.
  • Marquez eases to victory yet again in Austin

    Marquez eases to victory yet again in Austin

    His antics in South America drew warnings from MotoGP officials that unsafe racing would draw heavy sanctions for any rider. Vinales finished second and Iannone was third. "It was one of the targets for us to be on the front row", Iannone said.
    Danny Farquhar 'Progressing Well' After Surgery Following Brain Hemorrhage

    Danny Farquhar 'Progressing Well' After Surgery Following Brain Hemorrhage

    After a 10-0 defeat to the Astros , it was clear that the minds of White Sox players were on their fallen teammate. White Sox starter James Shields told reporters prior to the game on Saturday the players were all suffering.
    Amy Adams Goes Dark (and Wet) for HBO's First 'Sharp Objects' Trailer

    Amy Adams Goes Dark (and Wet) for HBO's First 'Sharp Objects' Trailer

    The first look, while vague, shows a mentally distraught Camille Preaker and a pair of creepy twin girls. Sharp Objects will make its screening debut at the ATX Television Festival on June 7 in Austin, Texas.

Kim Kardashian Makes A Mold Of Her Nude Body For New Fragrance Kim Kardashian Makes A Mold Of Her Nude Body For New Fragrance Kim's two photos, promoting the April 30 release of her latest fragrance, feature her completely naked - and almost uncovered. Some of her followers accused her of oversharing but others were grateful to her for sharing the images online.

'Spider-Man: Homecoming 2' suit and different film locations teased 'Spider-Man: Homecoming 2' suit and different film locations teased Looks pretty slick, although I'll be honest - I may be even more into the dorky "homemade suit" we briefly see on Peter's phone. We know the pack will include the Spider-Punk and Iron Spider suits, but we don't know what the third one is yet.

Xiaomi officially confirms April 25 launch for Mi 6X (Mi A2) Xiaomi officially confirms April 25 launch for Mi 6X (Mi A2) Processor: Octa Core Snapdragon 660 14nm Mobile Platform (Quad 2.2GHz Kryo 260 + Quad 1.8GHz Kryo 260 CPUs) with Adreno 512 GPU . In terms of design , as mentioned earlier, the Mi 6X looks a lot like the Redmi Note 5 Pro and the Mi 5X had a baby.

TCS becomes first Indian company to breach $100 billion valuation TCS becomes first Indian company to breach $100 billion valuation Commenting on TCS breaching $100 billion market cap, N Chandrasekaran, chairman, Tata Sons, said: "It is a very proud moment for all of us".

12-year-old boy steals parents' credit card, flies to Bali alone 12-year-old boy steals parents' credit card, flies to Bali alone According to the 12-year-old, "They just asked for my ID and passport to prove that I'm over 12 and that I'm in secondary school". And so he boarded his flight from Perth to Denpasar, filming a video of the clouds while he was in the air.

Estimate Minimum Revenue of: Kinder Morgan, Inc. (NYSE:KMI) The pipeline company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. Trading volume for Kinder Morgan, Inc . was 14.77 Million in its previous trading session. ( NYSE : KMI ) for 20,240 shares.

Police to accept unwanted prescription drugs Police to accept unwanted prescription drugs Needles, syringes, lancets, thermometers, IV bags, chemo drugs, liquids and illegal substances will not not be accepted. Medicines that languish in home cabinets are highly susceptible to theft, misuse and abuse.

Eddie Lampert's firm offers to buy Kenmore from Sears Eddie Lampert's firm offers to buy Kenmore from Sears Lampert is complicated by his dual roles running both the retailer and the hedge fund, which is also a major Sears lender. ESL said its non-binding proposal gives the appliance and home improvement business an enterprise value of $500 million.

AT&T working on 5G preparation in over 100 cities AT&T working on 5G preparation in over 100 cities The company said it has also rolled out LTE-Licensed Assisted Access (LTE-LAA) in parts of three new markets. AT&T claims it can help deliver download speeds of up to 1 gigabit on their network.

Florida Police Use Dead Man's Finger to Try Unlocking His Phone Florida Police Use Dead Man's Finger to Try Unlocking His Phone According to the Tampa Bay Times , Phillip was shot while attempting to flee when an officer was about to search him. But not long after Phillip's death, Largo police detectives showed up at the funeral home where his body was.

Macaulay Culkin reveals why he can't watch 'Home Alone' any more Macaulay Culkin reveals why he can't watch 'Home Alone' any more It's been 28 years since " Home Alone " was released, and Macaulay Culkin still won't do "the face" for you when you ask him to. And that's despite getting lots of requests from people to watch it with them, "which is, like, both flattering and creepy".

Chelsea wing-back Alonso given three match ban for violent conduct Chelsea wing-back Alonso given three match ban for violent conduct Alonso appeared to stamp on Long's leg late in the first half, with Southampton leading 1-0 at the time. He has until 6pm on Wednesday to respond to the charge.

New Offensive Video From Syracuse Fraternity New Offensive Video From Syracuse Fraternity The first video released last week apparently showed members joking about the Holocaust and using racial and anti-Semitic slurs. In an interview with The D.O. on Saturday, Syverud said he met with student leaders on Friday to discuss Theta Tau .

Two Officers Wrestle Black Woman to the Floor at Alabama Waffle House Two Officers Wrestle Black Woman to the Floor at Alabama Waffle House According to WALA , the incident occurred in the early hours of Sunday morning at the restaurant located in Saraland. When Saraland Police officers showed up, an all-out brawl broke out as they forcefully took down Glenn.

General Electric's (GE) "Buy" Rating Reaffirmed at William Blair General Electric's (GE) Several analysts have released their opinion on General Electric Company (NYSE:GE), with 2 analysts believing it is a strong buy. It worsened, as 14 investors sold SP shares while 51 reduced holdings. 151 funds opened positions while 383 raised stakes.