| | | | | | | Stock option alerts by Antivestor. Free Trial. Consistently beat the stock market with 1 trade a day. 68.2% Success rate, Daily stock selection, No payment details needed. Try for free now. | | |
| | US Market |  | | NYSE | AMEX | Dow Jones | Nasdaq |  |  |  |  | | Please click on the images to view our interactive charts | | | The major U.S. index futures are pointing to a mixed opening on Friday following the strong upward move seen in the previous session. While the Dow futures are down by 45 points, the Nasdaq futures are up by 3 points.
Traders may be reluctant to make significant moves amid some uncertainty about the near-term outlook for the markets.
After moving lower over the two previous sessions, stocks showed a strong move back to the upside during trading on Thursday. With the upward move on the day, the Nasdaq reached a new record closing high.
The major averages ended the day firmly in positive territory. The Dow climbed 187.08 points or 0.8 percent to 23,458.36, the Nasdaq jumped 87.08 points or 1.3 percent to 6,793.29 and the S&P 500 advanced 21.02 points or 0.8 percent to 2,585.64.
The strength on Wall Street partly reflected a positive reaction to better than expected quarterly results from Wal-Mart (WMT) and Cisco Systems (CSCO).
Wal-Mart and Cisco surged up by 10.9 percent 5.2 percent, respectively, after both companies beat analyst estimates on both the top and bottom lines.
Stocks remained firmly positive after the House voted to approve the Republican tax reform bill, although final passage of legislation remains less than a certainty.
The House voted 227 to 205 in favor of their tax reform legislation known as the Tax Cuts and Jobs Act, with the vote coming down largely along party lines.
On the U.S. economic front, first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended November 11th, according to a report released by the Labor Department.
The report said initial jobless claims rose to 249,000, an increase of 10,000 from the previous week's unrevised level of 239,000. Economists had expected jobless claims to edge down to 235,000.
A separate report released by the Labor Department showed U.S. import prices rose by less than expected in the month of October.
The Labor Department said import prices rose by 0.2 percent in October after climbing by 0.8 percent in September. Economists had expected import prices to increase by 0.4 percent.
Meanwhile, the report said export prices were unchanged in October after increasing by 0.7 percent in the previous month. Export prices had been expected to climb by 0.4 percent.
Growth in Philadelphia-area manufacturing activity slowed by more than expected in the month of November, according to a report released by the Federal Reserve Bank of Philadelphia.
The Philly Fed said its diffusion index for current manufacturing activity in the region dropped to 22.7 in November from 27.9 in October.
While a positive reading still indicates growth in regional manufacturing activity, economists had expected the index to show a more modest decrease to 25.0.
The Federal Reserve also released a report showing industrial production in the U.S. increased by more than anticipated in the month of October.
The report said industrial production climbed by 0.9 percent in October after rising by an upwardly revised 0.4 percent in September.
Economists had expected production to rise by 0.5 percent compared to the 0.3 percent uptick originally reported for the previous month.
Additionally, the National Association of Home Builders released a report showing an unexpected improvement in homebuilder confidence in the month of November.
The report said the NAHB/Wells Fargo Housing Market Index rose to 70 in November from 68 in October. Economists had expected the index to be unchanged.
Computer hardware stocks showed a substantial move to the upside on the day, driving the NYSE Arca Computer Hardware Index up by 3.7percent.
NetApp (NTAP) led the hardware sector higher after the data storage company reported fiscal second quarter results that exceeded analyst estimates on both the top and bottom lines.
Significant strength was also visible among airline stocks, as reflected by the 2.3 percent gain posted by the NYSE Arca Airline Index. Hawaiian Airlines parent Hawaiian Holdings (HA) posted a standout gain.
Networking, retail, and biotechnology stocks also saw considerable strength, moving higher along with most of the other major sectors. |
| | Bitcoin Blueprint | | See How the Secret “Bitcoin Blueprint” Could Have Generated $1.64 Million in 72 Hours. There are now over 831 different alternative currencies driving this RED-HOT market. Click here to find out how to turn $20 into an absolute fortune with cryptocurrencies. |
| | US Economic Reports | | | | CADUSD | Oil | Gold | Allbanc |  |  |  |  | | Please click on the images to view our interactive charts | | | New residential construction in the U.S. jumped by much more than expected in the month of October, according to a report released by the Commerce Department.
The report said housing starts spiked by 13.7 percent to an annual rate of 1.290 million in October from a revised 1.135 million in September.
Economists had expected housing starts to climb to an annual rate of 1.185 million from the 1.127 million originally reported for the previous month.
Building permits, an indicator of future housing demand, also surged up by 5.9 percent to a rate of 1.297 million in October from a revised 1.225 million in September.
At 12:45 pm ET, San Francisco Federal Reserve President John Williams is due to participate in a panel at the 2017 Clausen Center Conference on Global Economic Issues in Berkeley, California. |
| | Trump's Set to Send this $0.24 Stock Exploding Higher! | | Trump's Set to Send this $0.24 Stock Exploding Higher! Investors in this tiny company will love Trump for what he’s about to do. This entire situation will change after December 31. Click here for the details. |
| | Strategic Intelligence | | What’s the one money move that’s almost predestined to soar under Trump? It’s not a stock, a mutual fund or even real estate.
Click here to find out what it is. |
| | Europe markets | | European stocks are subdued on Friday as the euro strengthened against the dollar and investors digested comments by ECB President Mario Draghi at the Frankfurt European Banking Congress.
While the German DAX Index has inched up by 0.1 percent, the U.K.’s FTSE 100 Index and the French CAC 40 Index are nearly flat.
Deutsche Börse has rallied after the company hired UniCredit's Germany chief as its new CEO. Media group Vivendi has also moved higher after solid third-quarter results.
Kier Group shares has also risen after the property services firm said it remains on course to deliver double digit profit growth in the current year and achieve Vision 2020 targets.
On the other hand, Catering group Elior has slumped after a profit warning. Builder and outsourcing group Carillion has tumbled in London after another profit warning. |
| | Discover the NUMBER 1 Trading Strategy You Need to Know During Uncertain Market Conditions. Consistent and safe returns up to 40%
Download Free Training Material |
| | Asia markets | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | | | Asian stocks extended gains to close broadly higher on Friday after U.S. House Republicans voted to approve a tax reform bill, a step forward on President Donald Trump's tax reform plan.
The dollar weakened against the yen, while oil held steady but was on track for its first weekly fall in six on supply worries.
Japanese shares extended gains from the previous session, although the yen's strength limited the upside. The Nikkei 225 Index rose 45.68 or 0.2 percent to finish at 22,396.80, and the broader Topix index closed 0.1 percent higher at 1,763.76. Rubber, metal and insurance stocks were among the prominent gainers.
Australian shares rose modestly, led by financial and energy stocks. The benchmark S&P/ASX 200 Index climbed 13.80 points or 0.2 percent to 5,957.30, while the broader All Ordinaries Index ended 0.3 percent higher at 6,038.30.
Banks ANZ, NAB and Westpac rose between 0.3 percent and 0.6 percent, and energy stocks Origin Energy and Santos rose about 1 percent each. Mining giant BHP Billiton slid half a percent after saying it hopes to fully divest its U.S. shale business in the next two years.
Online consumer electronics Kogan.com surged up 12.6 percent after it reported a 36 percent jump in revenue for the four months ended October.
Tabcorp Holdings jumped 4.8 percent after the Australian Competition Tribunal cleared the A$11 billion merger between the gaming giant and Tatts Group on the condition that Tabcorp will divest its Odyssey Gaming business in Queensland. Tatts Group shares advanced 2.3 percent.
Meanwhile, Chinese shares fell on worries over slowing growth. The benchmark Shanghai Composite Index dropped 16.91 points or 0.5 percent to 3,382.34 and ended the week about 1.5 percent lower. Hong Kong's Hang Seng Index climbed 180.28 points or 0.6 percent to 29,199.04. |
| | You'll Need This Book | | How To Increase Your Social Security Benefits By As Much As $570 Per Month With One Single Word. Click here to learn more |
| | Commodity, Currency Markets | | Crude oil futures are climbing $0.85 to $55.99 a barrel after slipping $0.19 to $55.14 a barrel on Thursday. Meanwhile, after inching up $0.50 to $1,278.20 an ounce in the previous session, gold futures are rising $4.70 to $1,282.90 an ounce.
On the currency front, the U.S. dollar is trading at 112.65 yen compared to the 113.06 yen it fetched at the close of New York trading on Thursday. Against the euro, the dollar is valued at $1.1781 compared to yesterday’s $1.1770. |
| | | | | | | To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49 | |
No comments:
Post a Comment