Tech stocks boost Wall St ahead of Fed minutes

24 February, 2018, 09:28 | Author: Franklin Nunez
  • With unemployment already the lowest since 2000 the Fed’s outlook implies that greater expansion would risk overheating the economy and potentially warrant a faster pace of interest-rate increases thereby blunting the effect of the tax changes

The latest consumer price numbers show that headline inflation is now running at 2.1 percent while core inflation has now reached 1.8 percent.

After the news came out, the U.S. 10-year Treasury yield spiked to as high as 2.956 per cent.

In the end, the Dow Jones lost 0.7%, the S&P 500 lost 0.6%, the Nasdaq Composite lost 0.2% and the Russell 2000 bucked the trend to gain 0.4%. The common currency has lost 0.75% so far this week, following its ascent to a three-year top of $1.2556 on February 16.

On Thursday, the Dow advanced 164.70 points, or 0.7%, to 24,962.48.

Parents charged with torturing 13 children due in court
She said she "was basically yelling, 'Let her go, ' so as soon as my voice changed, she let her go and Amy walked (to) my auto ". The Turpins were arrested in January after the couple's 17-year-old daughter escaped the home and alerted authorities.

"Right now Fed fund futures are pricing in three rate hikes with just under a 50-50 short of a fourth", Matt Miskin, market strategist at John Hancock Investments, told Reuters before the minutes were released.

Benchmark 10-year US Treasury yields retreated from the more than four-year highs hit on Wednesday. "That's what has given the market a reason to see a little bit of a positive futures", said Robert Pavlik, chief investment strategist at SlateStone Wealth in NY.

By this he meant that raising interest rates does not have an immediate impact on the economy. The US Treasury issuance of debt $258bn worth this week and corresponding rising yields is also stirring anxiety according to market commentators. The Fed had caused a so called "taper tantrum" in May 2013 when it signalled it was time to stop pumping cash into the U.S. economy, a move that created havoc in financial markets, particularly Asia. "That would probably be positive for the dollar", Gittler said.

Blue Buffalo Pet Products (BUFF.O) jumped 17 per cent after General Mills (GIS.N) said it would buy the natural pet food maker for US$8 billion in cash.

Dallas Mavericks Launch Investigation Into Sexual Harassment Claims After Bombshell Report
In a statement, commissioner Silver said the fine was "for public statements detrimental to the National Basketball Association ". Drafted ninth overall in 1998 by the Milwaukee Bucks, Nowitzki has spent his entire 20-year career with the Mavericks.

His audience will include investors who unceremoniously greeted his early tenure with one of the fastest 10.0 percent falls in Wall Street stocks in history this month.

General Mills shares however slipped 3.91% to trade at US$52.80.

The technology group (+2.2%) was strong after Hewlett Packard Enterprise and HP rallied 10.5% and 3.5%, respectively, after the companies beat earnings as well as revenue estimates and issued upbeat guidance.

Shares of Xcerra Corp.(XCRA) could be active after the company that provides testing technology for semiconductors and electronics said it would terminate its sale to a Chinese group (, saying federal approval was too hard to get for the $580 million deal.

S. Korea pledges strong action against United States trade protectionism
Nothing has been decided, but the debt-equity swap would allow GM to continue its business operations in Korea. GM's main Chinese partner, SAIC Motor Corp Ltd 600104.SS , controls the remaining 6.0 percent.

European stocks were trying to tip higher along with USA equities (, while Asian stocks rebounded ( to mark a second-straight week of gains.


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    Wales trio get all-clear for Ireland Six Nations clash

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    Geneva: Ferrari 488 Pista brings Le Mans tech to the street

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    Cocaine Ring in Russia's Argentina Embassy Dismantled

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    Blizniouk and Chikalo were arrested by the Argentine national police in Buenos Aires two months later on February 21. Timur Khudzhamov and Vladimir Kalmykov, were arrested when they went to pick up the cargo - of flour.
    TI ranks Pakistan 117 out of 180 countries on global corruption index

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    Moreover, the Corruption Perception Index 2017 also singled out India as one of the "worst offenders" in the Asia-Pacific region. The score remained the same as last year for Singapore while the 2017 score was a four point drop from the year before.
  • Public Knowledge Challenges Reckless FCC Net Neutrality Rollback

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    But it should be noted that at the moment, the net neutrality rules still apply in the U.S. , despite the FCC vote . The December FCC order will be made public on Wednesday and formally published on Thursday, the sources said.
    Sheriff: Deputy Never Entered School in Shooting

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    Peterson was seen on video arriving at the west side of a building, but "he never went in", Israel said . "He never went in". Marco Rubio of Florida said a visit to Stoneman Douglas prompted him to change his stance on large capacity magazines.
    Top European banker arrested in money-laundering probe

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    Rimsevics also said he would attend a non-policy meeting of the European Central Bank on Wednesday if he was allowed to. The ECB effectively shuttered ABLV on Monday, by suspending its payments and halting withdrawals.
  • Car Rental Company Enterprise Holdings Ends Discounts For NRA Members

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    The announcement came after the progressive news website ThinkProgress listed the bank as a company that supports the NRA . The high school shooting in Parkland, Florida February 14th has put the NRA in the crosshairs of the national debate.
    Why Lindsey Vonn is wearing No. 7 in the Olympic downhill

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    The gold medalist started out fast at the beginning of the race and looked like she had a shot at placing on the podium. Trolled on social media, Lindsey Vonn has a message for the people targeting her online - they haven't "won".
    Conte: Chelsea were close to flawless

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    Willian may have put in a man-of-the-match display but the Brazilian knows he has to maintain that level as Chelsea's season reaches a crucial stage.


Surprise! Emily Ratajkowski Marries Sebastian Bear-McClard
Sebastian is a producer and actor and is known for his work in "Heaven Knows What" and " Broken Flower ". Social media personality Josh Ostrovsky, aka The Fat Jewish , was in attendance as a witness.

Korean 'Iron Man' Kim wins historic Olympic skeleton gold
Parsons, who finished just two hundredths off silver, was nevertheless ecstatic after claiming Britain's first medal of the Games. Yun started the day as the top-ranked slider with a time of 1:40.35, setting track and start records at Olympic Sliding Centre.

Twitter fights spam and bots
Twitter has new rules in place to prevent applications and services from utilizing automation for the purposes of posting spam . Twitter users have until 23 March to ensure they comply with the new regulation or risk having their accounts suspended.

Alan Pardew impressed by Jonny Evans, Gareth Barry response
West Brom, knocked out of the FA Cup by Southampton on Saturday, are now five points adrift at the foot of the division. The police later questioned the players.

Charlie Nicholas states his prediction for Arsenal v Ostersunds
The final of the EFL Carabao Cup is upon us and the showdown will air live and exclusively on Kwesé TV this Sunday 25 February. Arsenal hold a 3-0 advantage after the first leg of their Europa League Round of 32 clash with Ostersunds.

US Vice President meeting with North Korea pulled out
Pence promised that regardless of what the media thinks of North Korea , he would continue to stand up to the brutal regime. There, he urged Pyongyang to "permanently abandon" its nuclear weapons and ballistic missile ambitions.

Influential Analyst Rating Changes: GrubHub Inc. (GRUB), Rite Aid Corporation (RAD)
Walgreen tried unsuccessfully to buy all of Rite Aid past year but scuttled that deal after encountering regulatory resistance. If RAD shareholders are receiving at least 28% of a $24 billion company, that amounts to about $6.72 billion.

Jio plans Rs 10000 crore investment in Uttar Pradesh
Prime Minister Narendra Modi inaugurated the much awaited two-day Uttar Pradesh Investors' Summit 2018 in the city today. Modi and the big industrialists of the country to the summit and appreciate their presence in 2018 investors' summit.

Gallant Nigerian soldiers rescue Yobe schoolgirls abducted by Boko Haram
BBC News reports that security services are said to be combing the surrounding area to find the missing girls. The students were said to have fled into nearby bushes to avoid being killed or abducted.

United States health officials reverse stance on AstraZeneca's flu vaccine
Some experts at the meeting anxious the panel's decision could further damage public confidence in flu vaccines. State officials say the flu appears to be leveling off across CT , but they still consider the season active.