Dow

(Reuters) - A rally in shares of chipmakers and airlines lifted the Nasdaq on Thursday, while the Dow Industrials and the S&P 500 wavered due to concerns about the Sino-U.S. trade dispute and the longest U.S. government shutdown ever. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid U.S. Commerce Secretary Wilbur Ross said the United States and China were a long way from resolving their trade dispute, but saw a fair chance of a deal. The two countries are trying to meet a March 1 deadline to resolve the dispute, which has roiled market for most of the past year. Six of the 11 major S&P sectors were lower, led by losses in the consumer staples and healthcare indexes. The biggest gainers were the technology and energy stocks. The Philadelphia Semiconductor Index, which had underperformed 10 of the 11 sectors so far this year, jumped 5.63 percent. Shares of semiconductor companies Xilinx Inc … [Read more...] about Chipmakers, airlines lift Nasdaq; trade worries stall S&P, Dow

(Reuters) - The S&P 500 and the Dow Jones Industrial Average were set to open lower on Thursday after U.S. Commerce Secretary Wilbur Ross said the United States and China were “miles and miles” from resolving their trade dispute. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid Ross told CNBC it was too early to judge where U.S.-china trade talks are headed, but added there is a fair chance the two countries will get to a trade deal. The world’s two largest economies are trying to meet a March 1 deadline to resolve their trade dispute. “If you watch the political news coming out of Washington, that can mean all the difference in the world. So things can start out on a positive note and we get news about the shutdown, tariff battle with China, that can change the market 180 degrees,” said Randy Frederick, vice president of trading and derivatives for Charles Schwab in … [Read more...] about S&P, Dow set to open lower after Commerce Secretary Ross’s trade…

(Reuters) - The S&P 500 and the Nasdaq reversed course to dip slightly on Wednesday due to losses in healthcare and financial sectors, while the Dow stayed afloat on positive earnings reports from IBM, United Technologies and Procter & Gamble. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid Eight of the 11 major S&P sectors were lower. The healthcare sector .SPXHC dropped 0.5 percent, with Abbott Laboratories (ABT.N) falling 2.4 percent after projecting current-quarter earnings below analysts’ estimates. The financials sector .SPSY was weighed by a 6.38 percent fall in Capital One Financial (COF.N), after the regional bank’s quarterly revenue missed estimates. Wall Street’s attempt to rebound from a more than 1 percent loss on Tuesday, which was spurred by worries about slowing global growth, was bolstered by a string of strong corporate earnings. The blue-chip … [Read more...] about S&P, Nasdaq dip as healthcare, financials weigh; IBM keeps Dow higher

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 22, 2019. REUTERS/Brendan McDermid (Reuters) - Strong earnings from IBM, United Technologies and Procter & Gamble boosted the Dow Jones Industrial Average at the open on Wednesday and propelled a rebound in U.S. stocks from its second biggest decline in 2019. The Dow Jones Industrial Average .DJI rose 172.77 points, or 0.71 percent, at the open to 24,577.25. The S&P 500 .SPX opened higher by 10.58 points, or 0.40 percent, at 2,643.48. The Nasdaq Composite .IXIC gained 41.29 points, or 0.59 percent, to 7,061.65 at the opening bell. Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur … [Read more...] about Strong earnings boost Dow at the open