Thursday, 21 June, 2018


U.S. stocks end mixed after February jobs data

Traders work on the floor of the New York Stock Exchange  in New York U.S Traders work on the floor of the NYSE in New York Thomson Reuters
Conrad Doyle | 13 March, 2018, 21:50

But the half percent fall in the Dow Jones Industrial Average followed a near 2 percent gain for New York's main indexes on Friday after data showed sluggish wage growth in February, easing concerns the Federal Reserve might raise interest rates swiftly. The S&P 500 was down 3.55 points, or 0.13 percent, to 2,783.02.

The news came shortly after the Labor Department said its consumer price index rose 0.2% in February.

Shares of Micron Technology jumped almost 10 percent after analysts at Nomura raised their target for the stock to $100 - $41 above current rates. Over the year, average hourly earnings have increased by 68 cents, or 2.6 percent, lower than market expectations.

US stock futures traded higher in early pre-market trade.

Boeing and other industrial companies fell Monday, giving back some of the ground they won late last week.

Rapid gains in technology stocks have already powered the Nasdaq back to its record levels. The Dow Jones Small-Cap Growth TSM Index closed at 9,974.43 for a gain of 19.39 points or 0.19%.

The Australian dollar had risen by 0.4 per cent to 77.8 United States cents about 7:15am AEDT.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.88 percent.

The Dow's overnight losses came after an nearly 2 per cent gain for Wall Street last Friday.

Johnson Controls was up 1.6 percent after saying it would consider selling a business that makes batteries for vehicles.

Ocular jumped 27 percent after laser and optical fibre specialist Lumen Holdings said it would buy the optical components producer for $1.7 billion. The S&P 500 technology sector gained 0.31% for the day. The Nasdaq composite gained 26 points, or 0.4 percent, to 7,588, another record high.

The Dow Jones industrial average rose 71 points, or 0.3 percent, to 25,410.

Recommended

loading...
...
  • Netanyahu: Iran nuclear deal paved way for nuclearization of entire Mideast

    Netanyahu: Iran nuclear deal paved way for nuclearization of entire Mideast

    In an interview with Fox News' Mark Levin on Sunday, Prime Minister Benjamin Netanyahu emphasized Iran as being the greatest treat to Israel.
    USA  agriculture department kills animal welfare rule for organic meat

    USA agriculture department kills animal welfare rule for organic meat

    However, the rules would have raised production costs for organic farmers and saddled them with more paperwork, Republican U.S. USDA delayed implementation twice after that and announced in December its intentions to withdraw the rule.
    Myanmar says United Nations  findings on human rights lack credibility

    Myanmar says United Nations findings on human rights lack credibility

    He adds that it has "substantially contributed to the level of acrimony and dissension and conflict". This content goes viral, normalizing hate speech and shaping public perception.
  • Alex Ovechkin scores 600th career goal

    Alex Ovechkin scores 600th career goal

    Only three players achieved the feat in fewer games: Wayne Gretzky (718), Mario Lemieux (719) and Brett Hull (900). After the game, Kuzy had the quote of the night when asked for his reaction of Alex Ovechkin's 600th career goal.
    Lottery: Powerball, Mega Millions jackpots both over $300M

    Lottery: Powerball, Mega Millions jackpots both over $300M

    The Rolling Cash 5 jackpot for the next drawing is $110,000 for hitting all five numbers and the odds of winning are 1-in-575,757. The official Ohio Lottery site offers more information on instant tickets, raffles and other lottery games.
    Retail job outlook positive

    Retail job outlook positive

    Across the United States, one in five employers expect to grow their work force in the next three months, according to the survey. Meanwhile, the hiring scene is looking up in other countries, too.
  • Apple will reveal the next version of iOS on June 4

    Apple will reveal the next version of iOS on June 4

    Apple has reportedly shelved many exciting features intended for iOS 12, including a home screen redesign and several app tweaks. WWDC 2018 will run from June 4 through June 8 and take place in San Jose, California for the second year in a row.
    ICE Spokesman Quits, Bashes Trump Administration On Immigration Raids

    ICE Spokesman Quits, Bashes Trump Administration On Immigration Raids

    They blamed Schaaf's warning for ICE's failure to apprehend all of its targets-the raid resulted in around 200 arrests . Schaaf's actions "clearly had an impact" on the number of arrests, though the agency can't put a number on it.
    1 dead after school bus plunges into Alabama ravine

    1 dead after school bus plunges into Alabama ravine

    Sacred Heart Hospital in Pensacola confirmed on its website that it had received 18 patients from the bus wreck on Tuesday. Greg Abbott offered his condolences over the crash. "Prayers and thoughts are with our families", company officials said.
  • Man United sink Liverpool, unsavoury scenes at West Ham

    Manchester United midfielder Jesse Lingard has revealed how Marcus Rashford has handled being out of the team this season. After a goalless first leg three weeks ago, Lingard acknowledged that his side face a tough task in Spain.
    Andrew Norwell to sign with Jaguars

    Andrew Norwell to sign with Jaguars

    According to ESPN's Adam Schefter , Norwell will sign a five-year, $66.5 million contract with the Jacksonville Jaguars . Not only that, but the Jaguars did have the best rushing offense in the league last season.
    Prosecutors Will Seek Death Penalty for Accused Stoneman Douglas Shooter

    Prosecutors Will Seek Death Penalty for Accused Stoneman Douglas Shooter

    The decision was not unexpected, and came one day before Cruz is scheduled to be arraigned on 17 counts of first-degree murder. Cruz's case will be heard Wednesday before Broward Circuit Judge Elizabeth Scherer.

Republican senator puts forward bill to quash Trump's new tariffs Republican senator puts forward bill to quash Trump's new tariffs Earlier this month, he said, "I do think the president will have a challenge from the Republican Party, I think there should be". This year, he has given Senate floor speeches denouncing the president's attacks on the media and antagonism toward Democrats.

Judge releases video of fatal federal courtroom shooting Judge releases video of fatal federal courtroom shooting The Angilau family contended the marshal used excessive force on a man armed with only a pen. Angilau's trial, presided over by Judge Tena Campbell, was the first in the new courthouse.

Shia LaBeouf Offered His Clothes to Kanye West, Who Took Them All Shia LaBeouf Offered His Clothes to Kanye West, Who Took Them All And finally, "I fucked up". "To hear him say that he was disappointed in me probably changed the course of my life", LaBeouf says. LaBeouf was arrested in Savannah for public drunkenness, disorderly conduct and obstruction. "McEnroe was a master at his rage".

VW to build EVs at 16 factories by 2022 VW to build EVs at 16 factories by 2022 To accommodate production, Müller said the company will adapt nine production sites to handle electric-vehicle production. The Volkswagen Group says that it has the financial resources for the transformation.

Russian exile Nikolai Glushkov found dead in his home in London Russian exile Nikolai Glushkov found dead in his home in London His death was not treated as suspicious, but his friends were not convinced and a coroner later recorded an open verdict. Glushkov was subsequently charged with money laundering and fraud and served five years in jail in Russian Federation .

Last Fantasy 7 Remake: What We Know So Far Last Fantasy 7 Remake: What We Know So Far Redone from the ground up this new version of the first 3D Final Fantasy game will feature active combat and modernized graphics. We recently learned that Cloud, the protagonist of this installment, will retain his personality in this remake.

Paralympics kick off in Pyeongchang with Russia, NKorea in spotlight Paralympics kick off in Pyeongchang with Russia, NKorea in spotlight Russian athletes, competing under a neutral flag after a mass doping scandal, clinched two golds while France also won two. Google is celebrating the commencement of the Winter Paralympics in PyeongChang city of South Korea with a special doodle.

Katy Perry takes a tumble and flashes fellow 'American Idol' judges Katy Perry takes a tumble and flashes fellow 'American Idol' judges He admits to the judges that he's never kissed a girl, and gets knocked for a loop when Katy tricks him into a kiss on the lips. When Harper was 11, she became an Internet laughingstock for singing what was considered the "worst national anthem ever".

'Big Little Lies' Cast Has 'Raped' the HBO Budget 'Big Little Lies' Cast Has 'Raped' the HBO Budget Bloys said Netflix's volume demands explained the company's recent mega-deals with Ryan Murphy and Shonda Rhimes. Competing networks are also forcing HBO into a tough spot to spend more.

At Home With Kim Kardashian West At Home With Kim Kardashian West That's what women usually die from in childbirth-you hemorrhage and bleed to death and they can't stop it. She hinted she wants one more baby before her family is complete .

Justin Bieber looks emotional as Selena Gomez 'split' rumours take toll Justin Bieber looks emotional as Selena Gomez 'split' rumours take toll The source adds, though, " They've been having disagreements, but it wouldn't be surprising if they're back together in a week ". After Gomez received her kidney transplant due to her ongoing battle with Lupus, Bieber allegedly rushed to be by her side.

Wig! See Noah Davis' American Idol Audition That Wowed Katy Perry Wig! See Noah Davis' American Idol Audition That Wowed Katy Perry After she sang Adele's "When We Were Young", Katy said she had "full body chills", and Luke compared her voice to an angel's. In this first episode , we meet potential contestants from New York, Savannah, Los Angeles and New Orleans.

Shareholder Salient Trust Company Lta Has Lifted General Electric Co (GE) Position Finally, Gabelli reiterated a "hold" rating on shares of Portland General Electric in a research note on Tuesday, February 20th. It worsened, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes.

University strikes continue as union rejects pension deal University strikes continue as union rejects pension deal The University and College Union (UCU ) claims the changes would cost staff £10,000 a year after retirement. In a statement , a Universities UK spokesperson described the UCU's decision as "hugely disappointing".

China to Merge Banking and Insurance Regulators, Document Shows China to Merge Banking and Insurance Regulators, Document Shows China is also establishing a national market supervisory management bureau to ensure a "fair competition market environment". Once this happens, the Cabinet will consist of 26 Ministries and Committees.