Earnings boost stocks on Wall Street

Earnings boost stocks on Wall Street

Earnings boost stocks on Wall Street

The S&P technology index gained 0.3 as the sole major S&P sector on the plus side, buoyed by a gain of almost 2 per cent in the semiconductor sector.

After the news came out, the United States 10-year Treasury yield spiked to as high as 2.956 per cent.

The Dow Jones Industrial Average on Wednesday lost 166.97 points, or 0.67 per cent, to 24,797.78.

The Standard & Poor's 500 index rose 19 points, or 0.7 percent, to 2,735.

Bond prices fell. The yield on the 10-year Treasury rose to 2.90 percent. The Nasdaq gave up 0.2 percent to 7,218.23. The CAC 40 of France is down 11.99 points or 0.23 percent.

The Fed hinted that it plans three rate hikes in 2018, in line with its previous projections.

Wednesday's minutes (https://www.federalreserve.gov/monetarypolicy/fomcminutes20180131.htm) sparked a downdraft in equities as the yield of the 10-year Treasury note hit a fresh four-year high above 2.956%, undercutting appetite for assets perceived as risky like stocks.

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Getting us started the right way! "If he can just manage to keep his condition in top form, we can see Yun's era". The semi-finals are set for February 19 followed by the bronze medal game on February 21.

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Researchers, though, are still working to definitively establish that antidepressants are more effective than placebo . However, she said: "This does not necessarily mean that antidepressants should always be the first line of treatment".

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Shares of Rite Aid Corporation ( RAD ) changed at hands on unusually higher volume along the stock price move of 3.29% to 2.2. The integrated company will operate approximately 4,900 locations and 4,350 pharmacies in 38 states and Washington, D.C.

It is still down more than 4% in February so far, however, after global equity markets were mauled at the start of the month by the concern that inflation is picking up. Fannie Mae asks for.7B Bannon wanted Trump to keep Yellen as Fed chair: report Circumstances around Yellen's departure akin to Greenspan's MORE left him with a Fed that was well behind the interest-rate-raising curve.

"Yesterday was overdone. Clearly we have a major market reversal and today investors are more comfortable with the likelihood of three rate hikes and not four", said John Lynch, chief investment strategist at LPL Financial in Charlotte, North Carolina.

With that economic growth interest rates are rising and that is a good thing.

"We are looking for a confirmation, a technical confirmation the markets are on solid footing". "That would probably be positive for the dollar", Gittler said.

Soaring shares of Hewlett Packard Enterprise (HPE.N) and HP Inc (HPQ.N), the two companies created from the split of Hewlett Packard Co in 2015, were a major force behind the surge in technology stocks.

Blue Buffalo Pet Products (BUFF.O) jumped 17 per cent after General Mills (GIS.N) said it would buy the natural pet food maker for US$8 billion in cash. Early signs from the U.S. Futures Index suggest that Wall Street might open higher. It also came before a very inflationary and stimulative budget deal in Congress that is expected to push the annual deficit past the $1 trillion threshold soon.

European stocks were trying to tip higher along with USA equities (http://www.marketwatch.com/story/european-stocks-struggle-to-find-impetus-to-follow-us-lead-higher-2018-02-23), while Asian stocks rebounded (http://www.marketwatch.com/story/asian-stocks-slide-following-wall-street-selloff-2018-02-21) to mark a second-straight week of gains.

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