Asian Stocks Climb on Strong Dow Close, US Service Report
14:18, Dec 9, 2016
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It hit a record high of 19,592.95 - its 10th since the Nov.8 election. While stocks traded lower overall last week, banks are on a four-week winning streak since the election. Wall Street is hopeful that the Trump administration will offer policies that stimulate economic growth.
The small cap Russell 2000 .RUT index also hit a record high.
The Nasdaq Composite Index gained 1.1% to 5393.76 while Standard & Poor's 500 Index surged 1.3%, also to a new high. On Wednesday the S&P 500 rose 1.3% to a fresh record high close of 2,241.35, its biggest one-day gain since November 7, while the Dow Jones Industrial Average rose 1.6%, adding almost 300 points to hit a record closing high of 19,549.62.
At the close, the Dow Jones Industrial Average rocketed 297.84 points, or 1.55% to 19,549.62, the biggest one-day rise since Donald Trump was elected to the White House.
The market bellwether S&P 500 closed up 0.2% at 2246, off its record high during the day, and led by Edwards Lifesciences Corp (NASDAQ:EW), up 6.7% to $89.30. Cote said his price target for 2016 was 2250.
U.S. stocks optimistic ahead of European Central Bank meeting.
"In the United Kingdom but also more broadly, people are rotating into financials on expectations of higher inflation and higher yields", said Jasper Lawler, senior market analyst at London Capital Group, adding that the European Central Bank could help to support the sector when it meets on Thursday. Azzarello said investors expect that trend to continue.
While the ECB said its asset purchase program is being extended longer than anticipated, the bank also said it will slow the pace of purchases.
"Things were already improving before the election", Jeremy Zirin, chief equity strategist at UBS Wealth Management Americas, told the Wall Street Journal.
One area of volatility for the market on Thursday was in currencies.
The euro initially gained against the dollar, but quickly reversed course.
ENERGY: Benchmark U.S. crude rose 10 cents to $51.03 in electronic trading on the New York Mercantile Exchange.
BONDS: U.S. government bond prices recovered from a sharp drop earlier in the day and were little changed in afternoon trading. A stronger dollar can serve as a drag for the domestic economy, eroding revenue for companies selling products overseas.
While reports on consumer sentiment and wholesale inventories are due to be released on Friday, traders may be reluctant to make significant moves ahead of next week's Federal Reserve meeting.
KEEPING SCORE: European shares opened generally higher. Visit MarketWatch.com for more information on this news.
Shares of Tailored Brands Inc.
Express Scripts plunged 6.6 per cent after it was targeted by short seller Citron Research, which accused it on Twitter of price gouging and called on Trump to take action against the pharmacy benefit manager. Similarly, shares of CVS Health Corp.(CVS) fell 3%. Shares jumped in response.
Data on initial jobless claims for the latest week is schedule for release at 8:30 a.m. ET.
The Fed has entered a self-imposed blackout period until its news conference on Dec.14.
Watson and Scott were consensus first-team all-conference picks previous year , and Gallman was on the coaches' first-team ballot. Q: If Virginia Tech's going to pull this off, what must happen? Now the Hokies get to face Clemson in the ACC Championship Game.
The top 4 teams that will comprise the Playoff Semifinalists will be announced at noon on December 4. 3 p.m. or 7 p.m. The Sooners won last year's meeting, but Oklahoma State win in overtime the last time they played in Norman.
Republicans initially wanted the Durham ballots recounted by hand, although they later said a machine recount would be sufficient. If a recount isn't granted in the county, they've threatened to call for a statewide recount of the Governor's race.
Drew Brees let a shotgun snap sail through his hands for a 22-yard loss on the New Orleans Saints' third play against Detroit . Somehow, they managed to come back and win seven of those games - an outcome that had a 0.0025 percent chance of happening.
This includes the preparation of derivative works of, or the incorporation of such content into other works. In practice, the island enjoys numerous trappings of a full diplomatic relationship with the US.
If OPEC agreed a production cut to 32.50 million bpd, crude prices would likely rise to the low $50s a barrel, Goldman said. In addition, OPEC doesn't have the authority to make members comply with their production assignments.
But being a student of the Bills recent sorry history I don't see that happening. "It's an exciting time in Oakland", Carr said. Malcolm Smith leads the Oakland Raiders with 72 tackles, Khalil Mack has 10 sacks and Reggie Nelson has three interceptions.
Penney Co Inc and Macy's Inc were among department stores that had more promotions this year, Deutsche Bank analysts said. Amazon .com, which again stepped up its holiday push, said orders were stronger on this year's Black Friday than last.
President-elect Donald Trump has promised to reduce restrictions on shale oil, which would further increase global supply. The refined price is more expensive than the crude price, but it does tend to move up or down in line with crude oil.
And Penn State did get blown out by MI and lost narrowly to Pittsburgh, though Clemson also fell to the confounding Panthers. Alabama will play Washington and Ohio State is set to face Clemson in the College Football Playoff semifinals.
However, since he left Konami, we were eager to see the return of Hideo Kojima - creator of the Metal Gear franchise. At the end of the trailer, it was confirmed that Mads Mikkelsen will also appear in the game.
Now those living with the virus that causes AIDS are hopeful for a cure one day. The drug works a lot like birth control preventing pregnancy.
China Urges US to Block Transit by Taiwanese President
"I think the United States side, including president-elect Trump and his team is also very clear about [this]". To another burst of laughter, he added "I would expect more of this kind of creativity" from President Trump.
Did the College Football Playoff pick the four best teams?
The Huskies had three wins against teams ranked in the final College Football Playoff top 20, Penn State had only two. What could provide more consistency, more objectivity while removing much of the subjectivity, is a bigger playoff.
Brees, Ingram, help Saints rout Rams, 49-21
The former Auburn standout was one of the seven players designated as inactive for the Rams' game against the New Orleans Saints . Asked on Friday how he thinks New Orleans fans might receive him this weekend, the 58-year-old said: "It's not about that".
Giants' Victor Cruz: 'I'm not a disgruntled employee'
Mike Tomlin has been working hard at fixing the multiple problems that he said were plaguing the Steelers a few weeks ago. NY finally found the end zone again with 24 seconds to play on Manning's 1-yard toss to Sterling Shepard .
With fires under control, Israel turns to recovery efforts
Earlier, police said that a fire raging in a field outside Moshav Rishpon, north of Tel Aviv, was attended to by firefighters. Netanyahu said he spoke with Rama Ben-Zvi, whose popular restaurant in the Jerusalem hills was destroyed by fire.
For Lions and Badgers, Big Ten title is lone focus
Penn State is going to sell out to stop Corey Clement, and how successful they are will go a long way to determining the game . Musso, Tindal, Dixon and returning starter Sojourn Shelton have combined for 16 of Wisconsin's FBS-leading 21 interceptions.
Championship Weekend Preview: Playoff what ifs?
A loss to Virginia Tech would be the worst loss any of the teams who realistically have a shot at a playoff spot could have. And of course it'll be more fodder for those who say, well, the playoffs should be eight teams at least, not four.
North Carolina looking like a national champion
The Hoosiers came out sluggish in the second half but for the most part were able to maintain an eight- to 10-point lead. It took almost 10 minutes before the Tar Heels were able to engage their overpowering inside game for a low-post basket.
OPEC meeting close but not many optimistic on agreement
Benchmark U.S. crude added 33 cents to $45.56 a barrel in electronic trading on the New York Mercantile Exchange. However, if the organization can reach an agreement, analysts see oil prices jumping to $50 a barrel or greater.
Saudi-Iran rivalries could scuttle tentative OPEC deal
Still, a deal is not out of the question , and even a remote possibility that it will be backed is an exciting prospect. And the desert kingdom, which accounts for about a third of OPEC's output, normally prevails at ministerial meetings.