Economy

How major U.S. stock indexes fared on Friday

How major U.S. stock indexes fared on Friday

The S&P 500 rose 18.68 points, or 0.7 percent, to 2,786.24 on Friday to close out its seventh week of gains in the last eight.

The Dow Jones industrial average gained 101 points, or 0.4 percent, to 25,675.

Stocks have been rising at a remarkably steady pace for more than a year as investors bask in a global economy that's strengthening. "I think this is going to be a better year for traders because you're going to get some volatility".

Investors have been preparing for a gradual rise in rates, as the Federal Reserve slowly removes the aid it provided the economy following the Great Recession.

The stock market has repeatedly shrugged off concerns through its placid ride to record highs. That makes dividend-paying stocks less attractive relative to bonds for investors seeking income.

Investors have always been preparing for a gradual increase in bond yields, and Hartman said stocks can keep climbing as long as rates do rise at a measured pace.

The market's smooth ride upward hit a bump Wednesday: worries that a jump in interest rates could derail the ascent.

US equities broke key milestones the first trading week of 2018, as the Dow, S&P 500 and Nasdaq closed above 25,000, 2,700 and 7,000, respectively, for the first time ever.

The losses were steeper in the morning, when the yield on the 10-year Treasury approached 2.60 percent.

A report from Bloomberg News said that China is considering a slowdown or halt to its purchases of Treasurys, which helped push rates higher.

More news: Extended Stay America, Inc. (NYSE:STAY) - Investor's Alert (PEG in Focus)

"Everyone's on edge about waiting for what's to come", even though central banks have promised to take a slow path toward higher rates, said Marina Severinovsky, investment strategist at Schroders.

Technology and health care companies posted some of the biggest losses Wednesday.

High-dividend stocks like real estate companies, utilities and makers of consumer products fell.

The Nasdaq is up 124.50 points, or 1.7 percent. The Nasdaq Composite Index was down 10.01 points, or 0.14 percent, to 7,153.57. It credited stronger demand and fares.

Facebook dropped 4.3 percent after saying it would make significant changes to user feeds that will result in fewer posts from brands. The Russell 2000 index of small-cap stocks edged up 1.80 to 1,561.81.

The dollar slipped to 113.07 Japanese yen from 113.14 yen. On the Nasdaq, 1,864 issues rose and 920 fell.

In the commodities markets, gold rose $5.60 to settle at $1,319.30 per ounce, silver added 3 cents to $17.04 per ounce and copper gained 2 cents to $3.24 per pound.

In the commodities markets, benchmark US crude rose 50 cents to settle at $64.30 per barrel. Brent crude, the worldwide standard, rose 6 cents to $69.26 a barrel.

The S&P 500 fell 4 points, or 0.2 percent, to 2,747.


  • One-Night Stand App LegalFling Creates 'Legally Binding' Consent Contracts for Participants

    One-Night Stand App LegalFling Creates 'Legally Binding' Consent Contracts for Participants

    The app uses blockchain technology to create private, time-stamped records that are linked and secured using cryptography. LegalFlings website does state you can withdraw consent at anytime through the app and that "No means "no" at any time.
    Dark Souls remaster coming to PC, XO, PS4, and Switch

    Dark Souls remaster coming to PC, XO, PS4, and Switch

    Additionally, it will have soundtracks for each of the games, knight and bonfire bookends, an encyclopedia, and a special art set. If you were envious of Europe's Dark Souls trilogy vinyl set , you might explode when you see what's on the horizon in Japan.
    PNC Profit Boosted by Tax Law

    PNC Profit Boosted by Tax Law

    Capstone Investment Advsrs Limited Company accumulated 27,791 shares. (NASDAQ:BPOP). 969,928 are owned by Goldman Sachs Group. SunTrust Banks, Inc. (STI) pays a dividend of 1.60, which translates to dividend yield of 2.36% based on the current price.
  • Price T Rowe Group Inc (NASDAQ:TROW) Institutional Investor Sentiment Is 0.91

    Rowe Price Group by 1.2% during the second quarter. (NASDAQ: TROW ) has declined 4.22% since January 11, 2017 and is downtrending. Barclays Capital has "Equal-Weight" rating and $76 target. (NASDAQ:TROW) on Thursday, September 3 with "Positive" rating.
    Ice cream recalled over listeria fears

    Ice cream recalled over listeria fears

    On Tuesday, the company expanded the recall to include all products made at its Dunkirk, New York, plant in 2017. Consumers who have purchased these products are urged to return them to the place of purchase for a full refund.
    McAuliffe on Shithole' Remarks: 'Lunatic' Trump 'an Embarrassment to our Country'

    McAuliffe on Shithole' Remarks: 'Lunatic' Trump 'an Embarrassment to our Country'

    You know, we need to bring this country together, we need to work together. "It's disgraceful. McAuliffe said he didn't think she would run, but added "she would be tough".
  • Stock on the Move- Chicago Bridge & Iron Company NV (CBI)

    The company's outstanding shares are 100.78 Million. (OHGI) ended its previous trading session at $1.56 with the Gain of 10.65%. Barnett & Company Inc decreased Cvs Health Corp (NYSE:CVS) stake by 5,100 shares to 69,002 valued at $5.61 million in 2017Q3.
    Qatar, UAE clash over airspace violation

    Qatar, UAE clash over airspace violation

    The State of Qatar has officially filed a complaint at the UN Security Council after an UAE fighter jet violating its airspace a year ago , Al Jazeera reported.
    Netflix, Inc. (NFLX) Shares Bought by BKS Advisors LLC

    Netflix, Inc. (NFLX) Shares Bought by BKS Advisors LLC

    Ctc Llc decreased its stake in Netflix Inc (NFLX ) by 50.55% based on its latest 2017Q3 regulatory filing with the SEC. Aspiriant Llc increased Ishares Tr (USMV) stake by 183,556 shares to 239,414 valued at $12.05 million in 2017Q3.
  • Jack Wilshere and Aaron Ramsey in contention for Arsenal's clash with Bournemouth

    Wales' Aaron Ramsey is back in the squad but Nacho Monreal, Laurent Koscielny, Olivier Giroud all remain on the sidelines. I saw him walking normally, and his scan was good. "He's not out of the game on Sunday yet, so that is positive news".
    Scientists discover new assassin spider species in Madagascar

    Scientists discover new assassin spider species in Madagascar

    Madagascar is considered a biodiversity hotspot , considering that over 90% of the discovered wildlife has only been found there. The new species of pelican spiders have same elongated neck and beak-like pincers or chelicerae like other pelican spiders.
    Emily Thornberry defends Corbyn's silence on Iran unrest

    Emily Thornberry defends Corbyn's silence on Iran unrest

    In order for the Council meeting that Haley wants to take place, she would need a minimum of nine votes from Council members. Security Council meeting to discuss anti-government protests was another Trump administration "blunder".