Wall Street gains for second straight day

18 February, 2018, 06:21 | Author: Franklin Nunez
  • US stock futures gain, hinting at Monday rebound

President Donald Trump unveiled the country's latest budget Monday, with the White House calling for $3 trillion in deficit reduction, which would include $1.7 trillion in mandatory spending cuts, while proposing to cut discretionary spending by 2 percent a year after 2019.

The Shanghai Composite index dipped to 3,073.08 Friday morning but recovered slightly before its midday close.

Saroliya added, "Whatever we think about the precise triggers - be it higher rates driven by inflation surprises or a messy liquidation of volatility-sensitive investments - what's evident yet again is that psychology exerts a disproportionate impact on markets".

On Monday, the Dow Jones Industrial Average rose 409.47 points, or 1.69 percent, to 24,600.37; its strongest two-day advance since August 2015. The benchmark S&P 500 Index and the tech-based NASDAQ Composite also finished higher. He also said his firm raised its 2018 forecast on the 10-year yield to a range of 3-to-3.5 percent. The Russell 2000 index of smaller-company stocks rose 13.15 points, or 0.9 percent, to 1,490.98.

Hansdotter wins Olympic slalom title; Mikaela Shiffrin finishes stunning 4th
That last part is key to appreciating the way Shiffrin regrouped and performed in a race originally slated for Monday. After dominating the FIS calendar in the event, Shiffrin seemed poised to dominate these Olympics. "It's life.

Technology companies, the leading sector over the past year, and banks fell the most.

United States of America stocks moved sharply higher in early trading Friday, recouping some of the ground lost a day earlier when indexes plummeted, deepening a weeklong sell-off that knocked the market into a "correction" for the first time in two years. Last week, the Dow and S&P 500 declined about 5.2% each, as the Dow posted two 1,000-point drops, while the Nasdaq fell 5.1%.

Twenty-First Century Fox picked up 66 cents, or 1.9 percent, to $36.40 after The Wall Street Journal reported that cable and internet provider Comcast is still interested in buying Fox's entertainment divisions and could make another offer. Brent crude, used to price worldwide oils, advanced 43 cents to $63.22 a barrel in London. Chipmaker Applied Materials climbed 95 cents, or 2 per cent, to $49.03.

Oil prices have dropped since reaching long-time highs in late January, when USA crude peaked at $66 a barrel.

President Buhari congratulates South Africa's Cyril Ramaphosa
Gutto was speaking against the backdrop of the delayed Sona, Ramaphosa's first as president, now expected on Friday evening. Ramaphosa told Members of Parliament on Thursday that these issues are already on his radar.

Have You Added This Stock To Your Watch-List? Markets in Japan were closed for a holiday. US 10-year Treasury yields remained near 2.8312 percent, easing slightly back from Monday's four-year high of 2.9020 percent.

In the foreign exchange markets, the USA dollar fell against the euro after its best week against the single currency for nearly 15 months.

METALS: Gold rose $10.70 to $1,326.40 an ounce. However, the appreciation of the precious metal is expected to be curbed before the U.S. inflation figures later this week, which may mean a faster-than-expected rise in interest rates. The euro rose to $1.23 from $1.2231.

OVERSEAS: Germany's DAX jumped 1.4 per cent while the CAC 40 in France and the British FTSE 100 both advanced 1.2 per cent.

Year-old child dies from the flu, officials say
The CDC said the flu vaccine is usually more effective against type B viruses and H1N1 than it is against H3N2. Flu shots are available at the Citizens Center by appointment by calling Connolly at 978-374-2390, ext. 15.

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