SpaceX's Falcon Heavy rocket soars in debut test launch from Florida
Moon rejects Abe's request to resume US-S. Korea military drills
Tesla Witnesses Its Biggest Ever Loss
Back on Earth, Tesla Has Real Business Problems to Deal With
Stocks surge amid strong earnings reports — US
17 Enero 2018, 03:47 | Azura Castelo
Credit AP LOOKING UP Trader Gregory Rowe sports a ‘Dow 26,000’ hat as he works the floor of the New York Stock Exchange yesterday
The gains for the MSCI index marked its third consecutive record.
In Europe, the Stoxx 600 Index ended the day with a 0.1 percent advance from the previous close.
The S&P 500 Index turned lower after an early surge that pushed it over 2,800 for the first time.
Equities initially rose on earnings enthusiasm.
"Investors are liking the fact that companies are talking up earnings, more than they have done in the past". The tumble follows a sharp jump in Viacom Friday after a published report suggested that a merger might be a possibility. And UnitedHealth raised its adjusted profit projection due to the recent tax overhaul. Adding extra impetus to the markets last week was the latest batch of earnings and economic data.
The Dow is also trading on the strong side of a pair of steep uptrending Gann angles at 25827 and 25750.
"Bottom line, only a few times in history has the stock market been this overbought", he added.
Over the course of the day 103,874 shares traded hands, as compared to an average volume of 271,690 over the last 30 days for SPDR Dow Jones Global Real Estate ETF (NYSEARCA:RWO). That helped spur both core and periphery debt. Among Dow components, heavy losses in shares of General Electric ( GE ) were offset by a rally in Merck ( MRK ) and UnitedHealthcare. Sterling slipped on easing inflation. Its share price rose +2.37%.
The Bank of Canada's interest-rate decision comes Wednesday. At 9:41am ET (14:41 GMT), the Dow Jones Industrial Average was up 225.34 points, or 0.87 percent, at 26,028.53, helping it record its fastest 1,000-point rise. The S&P 500 averages a return of 2.1 percent a month after a shutdown and trades positive 80 percent of the time.
The TSX Composite Index closed on Friday up 21.24 points to end the first full week of the year at 16,308.18.
This is why it is getting easier for the Dow to move in 1000 point increments rather quickly. "We know from a variety of sentiment indicators how euphoric the environment has gotten". Ford made the announcement at the North American International Auto Show in Detroit. The Nasdaq shed 37.38 points, or 0.5 percent, to 7,223.69.
Also at the Detroit event, Fiat Chrysler Automobiles NV (FCA.MI)(FCA.MI) CEO Sergio Marchionne said Monday he has no plans to sell its Jeep business or split up the company (http://www.marketwatch.com/story/fiat-chrysler-ceo-rules-out-split-jeep-sale-2018-01-16), cooling speculation but leaving the company's long-term strategy unclear. The Standard & Poor's 500 index fell 0.4 percent to 2,776.42.
Bond prices rose. The yield on the 10-year Treasury fell to 2.53 percent.
Eagles fan perfectly predicts win, score and method
Running back Tevin Coleman was able to get the Falcons inside the Eagles 10-yard line with over a minute left and two timeouts. The first score came after a 12-play, 80-yard drive. "This is it!" they cried, meaning a rollout to the right, which it was.
Powell's immediately sells out of 'Fire and Fury'
The White House has criticized the claims in the book, with press secretary Sarah Sanders calling it "complete fantasy". Wolff went on to say that he has recordings of some of those conversations. "I'm a nice guy", Wolff said.
Jose Mourinho "relaxed" about Alexis Sanchez pursuit
Conte is not given the final decisions on transfers and instead has an advisory position on Chelsea's board at Stamford Bridge. United moved three points clear of Chelsea and Liverpool in the race for qualification for the Champions League.