May 22, 2018

USA stock market opens higher

17 September 2017, 11:18 | Cesar Cruz

Daily September E-mini Dow Jones Industrial Average

E-mini Dow Jones Industrial Average

US stocks are edging higher in midday trading on Wall Street, led by more gains for technology and industrial companies.

The Standard & Poor's 500 index slid 3 points, or 0.2 percent, to 2,494 as of 10:26 a.m.

Brent oil prices, the global benchmark, held near five-month highs and were on track for the biggest weekly gain since late July.

"We get everything cheaper than we used to because of the internet and delivery mechanisms", he said.

The tech sector (+0.3%) broke its two-day losing streak, as the PHLX Semiconductor Index (+1.7%) rose for the fifth straight day and Apple (+1%) snapped out of its recent funk. The Russell 2000 index of smaller-company stocks dipped 1 point, or 0.1 percent, to 1,425.

Retail sales decreased -0.2% for the month. The Federal Reserve said the decline was mostly due to the recent impact of Hurricane Harvey. The precious metal, which had climbed to around $1,338 an ounce following North Korea's latest move, finished at a September low, down 2% on the week as reaction to perceived risks subsided.

The benchmark gained 0.2 per cent to 2,500.23 on Friday, capping its biggest weekly advance since January, as technology shares rebounded and banks rose with Treasury yields.

Nursing home says calls made to state officials
State investigators from the Florida Office of Attorney General were also at the scene, city officials said in a statement . She said some of the 15,000 residents at Century Village were vulnerable and "we are concerned about their welfare".

Business software maker Oracle slumped 7.7 percent after issuing a disappointing forecast for its cloud computing business.

Retailers were also expected to come under a bit of pressure after retail sales figures for August fell 0.2%, thanks to a 1.6% decline in sales at auto dealers; strip these out and retail sales rose 0.2%. Its stock is up 60 percent in 2017.

Stocks are closing at more record highs on Wall Street as technology and industrial companies and banks post gains. The first step could happen as soon as November. That sent the pound higher and British stocks lower. The pound jumped to $1.3354 from $1.3197. In many states, the companies collect fees in return for freezing accounts.

Among Friday's biggest winners was Nvidia, a chipmaker in California.

Britain's FTSE 100 fell 0.9 percent while the French CAC 40 rose 0.1 percent and Germany's DAX fell 0.2 percent. Higher interest rates make borrowing more expensive and slow down economic growth. The oil rig count in the USA was down eight rigs for the week following weather-related issues. Brent crude, used to price worldwide oils, gained 46 cents to $55.62 a barrel in London.

The US$226mln-valued company'sstock rose 3.5% on the news. Copper lost 1 cent to $2.95 a pound. The euro weakened to $1.1906 from $1.1919. The Japanese Nikkei 225 fell 0.3 percent and Hong Kong's Hang Seng index fell 0.4 percent. Hong Kong's Hang Seng edged up 0.1 percent.

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