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Another Record...For The Nasdaq; S&P Inches Lower

18 May 2017

All the 11 major S&P 500 sectors were higher, with the energy and materials index (.SPLRCM) leading the gainers.

NASDAQ, the world's second-largest exchange by market capitalization behind the NYSE, also rose 0.5 percent to close at 6,149.68. London's FTSE 100 rose 0.9 percent. The price of oil edged higher. The worldwide "ransomware" cyberattack continued to spread on Monday, which sent cybersecurity stocks like FireEye and Symantec higher, while politicians in Washington wonder whether Republicans' odds of implementing tax cuts and other pro-business policies have diminished. Transocean rose 22 cents, or 2.1 percent, to $10.84. Housing starts slid 2.6 percent to a seasonally adjusted annual rate of 1.17 million units.

Among the other big movers that reported improved quarterly report cards Tuesday: Online and mobile media services company Sina jumped $15, or 17.8 percent, to $99.04. Yesterday, the index rose 0.5% to a new record close.

The major US stock indexes wavered between small gains and losses in midday trading Tuesday a day after the market closed at record highs.

Mourinho demands more from Manchester United fans
They've played 59 games and counting this season. "If we can win Europa League , that will be three trophies [this season]". Arsenal midfielder Granit Xhaka insists no-one is giving up on a top four finish this season.

Shares in Air Canada finished almost five per cent higher or 80 cents to $16.95, while WestJet Airlines stock gained 2.52 per cent or 55 cents to $22.36.

"As long as we have growth, whether it is earnings or economic data, the markets are likely to be able to take such (political) headlines in stride".

He says a May 1 Supreme Court ruling found banks "cannot be held responsible for harm they didn't cause". The VIX Volatility Index was higher for the day at 10.65 with a gain of 0.23 points or 2.21%.

The S&P 500 Index (NYSEARCA:SPY) climbed 0.5% to close at a new record of 2,402.32.

Bank warns of 'moderate' growth as it keeps interest rates at 0.25%
The BoE is mandated to keep inflation as close to 2% as it can, so recent overshoots are a concern for policymakers. Sterling, which was trading at $1.2938 earlier, fell to $1.2906 after the data, down almost 0.3 percent on the day.

"The oil markets are acting well and that's helping", said R.J. Grant, head of trading at Keefe, Bruyette & Woods in NY, who also cited the strong corporate earnings season.

The news was not positive enough to boost investment nor so negative as to make investors flee stocks and rush into bonds, according to Kate Warne, investment strategist at Edward Jones in St. Louis. The euro rose to $1.1068 from $1.0978. But it fell to six-month lows on Tuesday.

The price of gold rose $6.40 to settle at $1,236.40 per ounce.

At the opening bell, American benchmark West Texas Intermediate went up 3.1 percent to reach $49.40 a barrel; global benchmark Brent crude was trading at $52.35 per barrel - a 2.9 percent gain. The stock gained 93 cents, or 0.6%, to 158.26 United States dollars (£122). Copper gained 1 cent to $2.55 per pound. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by less than a basis point to 2.338%.

Elliott wants a review of BHP petroleum
The fund owned 4,669 shares of the mining company's stock after buying an additional 519 shares during the period. Citigroup Inc reissued a buy rating on shares of BHP Billiton plc in a research note on Tuesday, April 11th.

Another Record...For The Nasdaq; S&P Inches Lower