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Dow Jones bursts through 26000 in record seven trading days
Stocks surge amid strong earnings reports — US
US stocks end mixed after Fed rate hike decision
14 Diciembre 2017, 04:52 | Azura Castelo
U.S. stocks gained but moved off their session highs after Congressional leaders said they'd reached a tentative agreement on a tax overhaul package.
The Federal Reserve raised interest rates on Wednesday and released a new batch of economic forecasts that very much reaffirm conventional wisdom among economists about the Republican tax cut plan: it will not do much to boost economic growth.
A Fed governor since 2012 and former Treasury official in the George H.W. Bush administration, Powell is not an economist by trade.
Nordic American Tankers Ltd (NYSE:NAT) slipped 25.34% ahead of the bell after telling the market before the bell that it plans to sell US$100mln shares via a public offering as part of its recapitalisation plans. In testimony last month, Yellen modified the Fed's storyline, acknowledging that this year's inflation data were "surprisingly subdued" and even "puzzling". The central bank lifted the federal funds rate to a target range of 1.25 to 1.50 per cent, and also projected three more hikes in each of 2018 and 2019. "That said, there's still no doubt they will raise rates this afternoon".
BETTING ON FINANCIALS: Banks and other financial stocks accounted for many of the market's gains. This repeated sequence raises an obvious question: How can the Fed be certain that the scheduled path of rate increases is consistent with its inflation target, while simultaneously becoming less and less certain about what causes inflation? The Fed was absolutely correct to step in strongly in 2008 but as far back as four years ago, it was clear that the economy was strong enough to function satisfactorily without the persistent application of the Fed's medicine. Gold rose with most industrial metals.
U.S. retail sales data is due on Thursday.
The euro was flat at $1.1745, after slipping to a three-week low of $1.17175 the previous day. Benchmark U.S. crude declined 11 cents to $57.88 per barrel on the New York Mercantile Exchange. The Nasdaq Composite Index increased 13.48 points, or 0.20 percent, to 6,875.80.
Japan's Nikkei .N225 inched up 0.1 percent.
DISAPPOINTING RESULTS: Casey's General Stores slumped 8.2 percent after its second-quarter profit fell short of analysts' estimates.
The FOMC's September economic projections proved to have underestimated the strength of the economy, with GDP numbers revised upward to 2.5% for 2017, up from the estimated 2.1% in September. India's Sensex dropped 0.7 percent.
Gold rose 0.2 percent to $1,247.33 an ounce. A Senate committee approved Powell's nomination and sent it to the full Senate, where his confirmation is considered certain.
Reports: Real Madrid make contact with Chelsea superstar
Antonio Conte urged Hazard to pen a new Blues contract after he put Newcastle to the sword with a double in Saturday's 3-1 win. Roma at least reaped two victories but each was by the odd goal . "A game against Bayern would be special, though".
Apple developing 6.1-inch LCD iPhone with metal back case
However, you can also manually bring up the Apple Pay interface by double pressing on the side button on the iPhone X at any time. It's expected that this third device will look different from the other two - and different from iPhones that've come before it.
Indonesians continue protests against US Jerusalem decision
Most countries have maintained the position that decisions about Jerusalem's status should be left to future negotiations. There were several smaller protests in the cities of Tulkarem and Hebron, with no immediate reports of injuries.
Leveraging LTE for an always-on PC
Users will also have a one-time option to switch to Windows 10 Pro11 to access the full ecosystem of Windows applications. Yesterday, Qualcomm gave us a sneak peek at its next generation mobile processor: the Snapdragon 845 Mobile Platform .
Shohei Ohtani agrees to sign with the Angels — MLB Hot Stove
He will be paid nothing for his labor, a crime for which both Major League Baseball and the Players' Association are responsible. Also, Ohtani's versatility as a solid bat and reliable outfielder make him a unique, hard-to-find value in a single player.
Arab League leaders condemn Trump's recognition of Jerusalem
The Israeli military said hundreds of Palestinians were rolling burning tires and throwing rocks across the border at soldiers. President Trump is doing the right thing by telling the United Nations that the United States now rejects the one-sided U.N.
Abbas snubs US Vice President Pence over Jerusalem move
'Sneaky thief, ' the man can be heard saying, according to the Times of Israel , before sarcastically adding: 'To your health. The protest in Jakarta, organised by the Islamist Prosperous Justice Party, was the second since Mr Trump's decision.