Markets Right Now: Stocks open higher; Boeing falls again
Markets Right Now: Stocks open higher; Boeing falls again
15 March, 2019, 04:45
This comes on the heels of data from last week that showed USA employment growth nearly stalled in February, which added to global growth fears that were already fanned by a sharp fall in China's exports and as the European Central Bank slashed growth forecasts for the region.
Boeing briefly dipped, but finished slightly higher, after the USA said it was joining other countries in grounding the company's 737 Max 8 airplane following a fatal crash of an Ethiopian airliner over the weekend. There were no survivors among the 157 on board, and the disaster came just months after a crash involving the same model in Indonesia.
Their losses pushed the Dow Jones Airlines index 0.47 percent lower.
The Dow fell 36 points, or 0.1 per cent, to 25,618. The S&P 500 was up 14.92 points, or 0.54 percent, at 2,757.99 and the Nasdaq Composite was up 67.46 points, or 0.91 percent, at 7,475.60.
Apple climbed 1.6 percent on Tuesday and boosted markets, after the iPhone maker invited media to a March 25 event where it is expected to launch a television and video service. The rally in the communications giant and Dow component helped offset some of Boeing's losses. Notably, Bank of America, and Merrill Lynchupped Apple's stock to trade from neutral. Kelley also increased his price target to $215 per share up from $172.
For example, Goldman Sachs' shares soared in the weeks after Donald Trump's election in 2016, accounting for almost a quarter of the Dow's 1,000-point rally. Analyst Mark Kelley, in a note to clients, noted that customers were focusing on messaging and Facebook's stories format. Kelley also hiked his price target to $215 per share from $172. Nvidia was the index's strongest performer after agreeing to buy chipmaker Mellanox.
The Labor Department said its Consumer Price Index (CPI) rose 0.2 percent last month, in line with estimates, and in the 12 months through February the CPI rose 1.5 percent, the smallest gain since September 2016.
Monday's U.S. Retail Sales report offered mixed results.
The Commerce Department meanwhile reported U.S. retail sales had recovered slightly after a dismal December. London's FTSE 100 was also flat, at 7,156, while the pound dropped a sharp 1 percent on expectations that the latest version of Britain's Brexit deal with the European Union will be voted down by lawmakers on Tuesday.
Dick's Sporting Goods' plunged 11 percent after the company reported a slide in sales during the fourth quarter and a weak forecast. Hong Kong's Hang Seng fell 0.5 percent to 28,776.10, while the Shanghai Composite dipped 0.8 percent at 3,035.15.
The actress will be booked and is expected to make an initial appearance Wednesday afternoon in federal court in Los Angeles. Coaches from Yale, Stanford, Wake Forest and Georgetown universities and USC , among others, are implicated in the case.
In a stroke of good luck, an Australian man who had an arrow fired at him managed to block the shot with his mobile phone. He was charged with intent to commit an indictable offence, assault causing bodily harm and malicious damage.
Since then, sources tell us that pressure has increased to make hardware at Google into a "real business". The affected workers have been told to seek temporary roles within other Google or Alphabet teams.
Israeli analysts speculated that Palestinian militants opposed to any deal between Hamas and Israel were behind the launchings. A Hamas official told the The Times of Israel that the terror group "has no interest in an escalation" with Israel.
Facebook's family of apps strategy has so far been led jointly by Cox and Javier Olivan, vice president of growth. Zuckerberg is also promising to make photos and posts automatically disappear from public view.
The author, on her own website, listed this book in the category of "fiction" - until recently changing it. Correcting everything wrong would take too long and be pointless, ' Peter Mirijanian, the spokesman, said.
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Lori Loughlin Arrested in California
Prosecutors said those claims were false as neither of the Gianulli sisters is a member of the university's rowing team. Huffman appeared court Tuesday and was released on $250,000 bond after surrendering her passport.
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Celebrate National Pi Day 2019 with these deals
As you may remember from your old geometry class, 3.14 is the shortened version of the mathematical constant known as pi. With 7NOW, the convenience store chain's delivery service, get up to two whole pizzas for $3.14 each.