ibusinesslines.com March 18, 2018

United States stocks rise ahead of inflation, retail sales data

14 March 2018, 08:43 | Jodi Jackson

Weekly June E-mini NASDAQ-100 IndexMore

E-mini NASDAQ-100 Index

300,994 shares of the stock were exchanged, compared to its average volume of 294,720.

A number of other institutional investors also recently modified their holdings of the stock.

The S&P 500 declined 0.6 percent with tech falling 1.2 percent. Smith Moore & CO. owned about 0.20% of SPDR Dow Jones REIT ETF worth $5,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Wall Street stocks advanced early today, keeping positive momentum from last week's strong jobs report ahead of key data releases on United States inflation and retail sales. The Nasdaq fell 77 points, or 1 percent, to 7,511.

European markets were higher today, with the Spanish Ibex Index rising 0.56 percent, STOXX Europe 600 Index gaining 0.37 percent and German DAX 30 index gaining 0.75 percent.

Chipmaker Qualcomm slumped 4.1 percent after the White House blocked a hostile bid from Broadcom to take over the company.

"The big multinational, industrial companies of the world are all taking a hit on the concern that they will be the targets of reprisal sanctions", said Robert Phipps, a director at Per Stirling Capital Management in Austin.

The S&P 500 was little changed at 2,782.

The Dow Jones industrial average gave back 132 points, or 0.5 percent, to 25,199.

The Nasdaq is up 684.93 points, or 9.9 per cent.

Stocks are opening higher on Wall Street and bond yields are falling as investors are relieved to see that inflation remained in check last month.

The Tillerson news erased a gain triggered by a Labor Department report showing that its consumer price index rose 0.2% in February.

Even with the session's losses, the S&P 500 is just 3.1 percent below record highs hit on January 26, while the Nasdaq .IXIC has recovered its losses from last month's sell-off. Both S&P 500 and Nasdaq rose as much as 0.7 percent before trading lower.

The Dow Jones industrial average rose 71 points, or 0.3 percent, to 25,410.

Other News

Trending Now

Google to ban Bitcoin, other cryptocurrencies advertisements from June
Last year, the web giant and Facebook collectively took roughly two-thirds of United States digital ad revenues. Last year, for instance, Google pulled 79 million ads for luring online clickers to websites with malware.

We're Happy To Announce Queer Eye Fan Favorites Tom & Abby Are ENGAGED!
Tom posted a picture of himself and his fiancee, writing: 'It's official, Abby and I are engaged. It's been quite a ride, but we're happy he's happy.

Millennial 26-30 railcard website crashes due to huge demand
This new card costs £30 per year and will only be available digitally , meant to be used on smartphones. But with only 10,000 available on the first day it is easy to see how travellers might get frustrated.

USA Makes Taxes on Steel and Aluminum Imports Official
And there is now a race for the rest of the world to catch the exemption train, before it leaves the station in two weeks' time. Trump says he's sticking with his initial plan for import tariffs of 25 percent on steel and 10 percent on aluminum.

Activision Blizzard, Inc. (ATVI) CEO Sells $1402833.39 in Stock
Dividend Information For Activision Blizzard, Inc . (NASDAQ:ATVI) earned "Buy" rating by Stifel Nicolaus on Thursday, September 7. Zacks Investment Research lowered Activision Blizzard from a "buy" rating to a "hold" rating in a report on Monday, January 8th.

Broadcom confirms it has withdrawn its Qualcomm bid
Congress issued a critical report on the Chinese tech firm in 2012 that effectively shut it out of the United States market. Trump may not get to build the network himself, but he's sure not going to leave it to China to build it for us.

'Iran invites Pak, China to join Chabahar project'
This is hardly the first connectivity project that Iran has tried to work out with Pakistan on board. Future rows between India and Pakistan will place Iran in a mediatory role.