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NYSE Dow Jones finished today at:

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Source: http://finance.yahoo.com

The NYSE DOW closed LOWER ▼ -77.46 points or ▼ -0.43% on Wednesday, November 2, 2016
Symbol …........Last …......Change.......
Dow_Jones 17,959.64 ▼ -77.46 ▼ -0.43%
Nasdaq____ 5,105.57 ▼ -48.01 ▼ -0.93%
S&P_500___ 2,097.94 ▼ -13.78 ▼ -0.65%
30_Yr_Bond____ 2.56 ▼ -0.01 ▼ -0.31%

NYSE Volume 4,215,717,500
Nasdaq Volume 1,991,252,750

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,845.42 ▼ -71.72 ▼ -1.04%
DAX_____ 10,370.93 ▼ -155.23 ▼ -1.47%
CAC_40__ 4,414.67 ▼ -55.61 ▼ -1.24%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,311.00 ▼ -64.20 ▼ -1.19%
Shanghai_Comp 3,102.73 ▼ -19.70 ▼ -0.63%
Taiwan_Weight 9,139.04 ▼ -133.66 ▼ -1.44%
Nikkei_225___ 17,134.68 ▼ -307.72 ▼ -1.76%
Hang_Seng.__ 22,810.50 ▼ -336.57 ▼ -1.45%
Strait_Times.__ 2,807.14 ▼ -6.55 ▼ -0.23%
NZX_50_Index_ 6,853.75 ▼ -76.74 ▼ -1.11%

http://finance.yahoo.com/news/stocks-struggle-again-investors-eye-141127198.html

Stocks struggle again as investors eye 2016 election
[Associated Press]
Ken Sweet, AP Business Writer

NEW YORK (AP) -- Stocks retreated for a seventh consecutive day on Wednesday, the market's longest decline in five years, as investor worries about the U.S. presidential election continued to weigh on the market.

A steep decline in oil prices also shook investor confidence.

The Dow Jones industrial average lost 77.46 points, or 0.4 percent, to 17,959.64. The Standard & Poor's 500 index lost 13.78 points, or 0.7 percent, to 2,097.94 and the Nasdaq composite fell 48.01 points, or 0.9 percent, to 5,105.57.

The last time the S&P 500 fell for seven straight days was November 2011, during a flare-up of the European sovereign debt crisis.

Like most of the public, investors have their eyes glued to the presidential race, as polls between Hillary Clinton and Donald Trump have tightened. The narrowing in the race has brought more uncertainty. Gold and bond prices have risen. The VIX, a volatility measure dubbed the "fear gauge" for Wall Street, jumped 14 percent on Tuesday to its highest level since June. It was up another 4.4 percent Wednesday.

The Mexican peso, which has become a de facto proxy for Trump's chances to win the election, has fallen steadily against the U.S. dollar since Friday and fell another 1 percent on Wednesday to 19.425 pesos to the dollar. Investors expect that Mexico's economy would be negatively impacted by a Trump administration, which would weaken the peso.

"The lead-up to the U.S. presidential election was always expected to be lively but the events of the last couple of days has seriously taken its toll on investor sentiment," said Craig Erlam, senior market analyst at OANDA.

Meanwhile a report from the Energy Department that showed a significant buildup in crude oil supplies last week weighed heavily on oil and energy prices. Benchmark crude oil sank $1.33 to $45.34 a barrel in New York. Brent crude, the international standard, fell $1.28 at $46.86 a barrel.

Energy stocks were among the biggest decliners in the S&P 500. Pioneer Natural Resources, Marathon Oil and Sempra energy fell 4 percent or more.

Aside from the election cliffhanger, investors parsed through the latest policy statement from the Federal Reserve. While the nation's central bank voted to keep rates at their current level after their two-day meeting, they left the door open to raise rates at their meeting in December. It was expected the Fed would not want to raise rates ahead of the election.

"If we get an unexpected election outcome, the Fed might put any increase on hold. We are not convinced that December is a sure thing," said Brandon Swensen, a portfolio manager and co-head of fixed income trading at RBC Global Asset Management.

The yield on the 10-year Treasury note fell to 1.80 percent from 1.83 percent the day before.

In individual company news, Brocade Communications rose $1.08, or 10 percent, to $12.32 after Broadcom announced it would buy the company for $5.5 billion. Broadcom rose $3.76, or 2.2 percent, to $172.56.

The dollar fell to 103.28 yen from 103.97 yen, while the euro rose to $1.1096 from $1.1062.

In other energy trading, heating oil fell 5 cents to $1.47 a gallon, wholesale gasoline fell 4 cents to $1.45 a gallon and natural gas fell 11 cents to $2.792 per 1,000 cubic feet.

Precious and industrial metals futures closed mostly higher. Gold increased $20.20 to $1,308.20 an ounce, silver climbed 28 cents to $18.69 an ounce and copper was little changed at $2.23 a pound.
 

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The NYSE DOW closed LOWER ▼ -28.97 points or ▼ -0.16% on Thursday, November 3, 2016
Symbol …........Last …......Change.......
Dow_Jones 17,930.67 ▼ -28.97 ▼ -0.16%
Nasdaq____ 5,058.41 ▼ -47.16 ▼ -0.92%
S&P_500___ 2,088.66 ▼ -9.28 ▼ -0.44%
30_Yr_Bond____ 2.60 ▲ 0.04 ▲ 1.44%

NYSE Volume 3,870,523,000
Nasdaq Volume 2,017,573,620

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,790.51 ▼ -54.91 ▼ -0.80%
DAX_____ 10,325.88 ▼ -45.05 ▼ -0.43%
CAC_40__ 4,411.68 ▼ -2.99 ▼ -0.07%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,306.60 ▼ -4.40 ▼ -0.08%
Shanghai_Comp 3,128.94 ▲ 26.20 ▲ 0.84%
Taiwan_Weight 9,067.27 ▼ -71.77 ▼ -0.79%
Nikkei_225___ 17,134.68 ▼ -307.72 ▼ -1.76%
Hang_Seng.__ 22,683.51 ▼ -126.99 ▼ -0.56%
Strait_Times.__ 2,802.08 ▼ -5.06 ▼ -0.18%
NZX_50_Index_ 6,778.94 ▼ -74.81 ▼ -1.09%

http://finance.yahoo.com/news/stocks-mostly-higher-recovering-7-141625001.html

Stocks fall for 8th day, longest decline since 2008 crisis
[Associated Press]
Ken Sweet, AP Business Writer

NEW YORK (AP) -- Stocks retreated for an eighth consecutive day on Thursday as nervous investors remain transfixed on the potential outcome of next week's U.S. presidential election, which has become too close to call.

The stock market is now on its longest losing streak since the depths of the 2008 financial crisis.

The Dow Jones industrial average dropped 28.97 points, or 0.2 percent, to 17,930.67. The Standard & Poor's 500 index lost 9.28 points, or 0.4 percent, to 2,088.66 and the Nasdaq composite index fell 47.16 points, or 0.9 percent, to 5,058.41.

With five days left until the election, Hillary Clinton maintains a lead in national polling in the U.S. presidential race but Donald Trump has significantly narrowed the gap, particularly in swing states. Investors pointed to polls released in the last two days from Florida, New Hampshire and North Carolina where the two candidates are either statistically tied or Trump holds a small lead.

Investors like certainty, which means they generally favor a Clinton victory as she is seen as maintaining the status quo. Trump's policies are less clear, and the uncertainty has caused jitters in financial markets. The last time the S&P 500 fell for eight straight days was early October 2008, the depths of the financial crisis. However the losses over this period have been modest, nowhere close to the losses racked up in 2008.

"It's a pretty simple equation: uncertainty goes up, stock market goes down," said David Kelly, chief global strategist with JPMorgan Funds.

The Mexican peso, which has become an indirect proxy among investors for Trump's chances at the White House, advanced 1 percent against the dollar on Thursday. Investors have speculated that a Trump administration would be negative for the Mexican economy, and would cause the Mexican peso's value to fall as a result.

The VIX, a measure of volatility that is called Wall Street's "fear gauge," jumped 16 percent this week to its highest level since June. The measure is up 36 percent this week alone.

Kelly said that Clinton is being considered a continuation of the Obama administration, which is mostly priced into the market, whereas Trump would represent a significant departure from current policies and would introduce a great deal more uncertainty into the economy. He expects the stock market to drop sharply if Trump wins.

In other parts of the market, generic drug makers plunged after news reports came out at the Department of Justice was looking to file charges, alleging price fixing, against the companies by end of year. Mylan lost $2.53, or 7 percent, to $34.14, Teva Pharmaceuticals fell $4.13, or 9.5 percent, to $39.20 and Endo International plunged $3.54, or 19.5 percent, to $14.63.

Facebook fell $7.22, or 6 percent, to $119.95. While the company reported third quarter results that easily exceeded analysts' estimates, it also acknowledged that growth in advertising revenue was slowing.

Fitbit, the maker of wearable fitness trackers and other devices, plunged $4.30, or 34 percent, to $8.51 after the company slashed its outlook for the year, citing weak demand for its products. The company also cut its sales forecast for the holiday shopping season.

The price of crude oil extended a losing streak into a fifth day. Benchmark U.S. crude slipped 68 cents to $44.66 a barrel in New York. Brent crude, the international standard, fell 51 cents at $46.35 a barrel in London.

Heating oil fell 1 cent to $1.45 a gallon, wholesale gasoline fell 2 cents to $1.43 a gallon and natural gas fell 2 cents to $2.769 per 1,000 cubic feet.

U.S. government bond prices fell. The yield on the 10-year Treasury note rose to 1.81 percent from 1.80 percent a day earlier.

In currency trading, the dollar fell to 102.99 yen from 103.28 yen, while the euro edged up to $1.1099 from $1.1096 the day before.

In metals trading, gold fell $4.90 to $1,303.30 an ounce, silver fell 28 cents to $18.41 an ounce and copper fell 2 cents to $2.249 a pound.
 

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The NYSE DOW closed LOWER ▼ -42.39 points or ▼ -0.24% on Friday, November 4, 2016
Symbol …........Last …......Change.......
Dow_Jones 17,888.28 ▼ -42.39 ▼ -0.24%
Nasdaq____ 5,046.37 ▼ -12.04 ▼ -0.24%
S&P_500___ 2,085.18 ▼ -3.48 ▼ -0.17%
30_Yr_Bond____ 2.57 ▼ -0.03 ▼ -1.12%

NYSE Volume 3,814,179,250
Nasdaq Volume 1,940,387,620

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,693.26 ▼ -97.25 ▼ -1.43%
DAX_____ 10,259.13 ▼ -66.75 ▼ -0.65%
CAC_40__ 4,377.46 ▼ -34.22 ▼ -0.78%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,263.10 ▼ -43.50 ▼ -0.82%
Shanghai_Comp 3,125.32 ▼ -3.62 ▼ -0.12%
Taiwan_Weight 9,068.15 ▲ 0.88 ▲ 0.01%
Nikkei_225___ 16,905.36 ▼ -229.32 ▼ -1.34%
Hang_Seng.__ 22,642.62 ▼ -40.89 ▼ -0.18%
Strait_Times.__ 2,788.80 ▼ -13.28 ▼ -0.47%
NZX_50_Index_ 6,708.47 ▼ -70.47 ▼ -1.04%

http://finance.yahoo.com/news/stocks-decline-9th-day-despite-140239676.html

S&P 500 index marks its longest losing streak in 36 years
[Associated Press]
Ken Sweet, AP Business Writer

NEW YORK (AP) -- The slow, steady retreat of the stock market ahead of the 2016 election continued Friday, with the market falling for a ninth straight day. Wall Street is now in its longest period of decline in more than three decades.

Investors continue to focus on the U.S. presidential election, which has become too close for comfort for some investors and has put the market on the defensive.

The Dow Jones industrial average lost 42.39 points, or 0.2 percent, to 17,888.28. The Standard & Poor's 500 index lost 3.48 points, or 0.2 percent, to 2,085.18 and the Nasdaq composite lost 12.04 points, or 0.2 percent, to 5,046.37.

The last time the S&P 500 fell for nine straight days is December 1980, nearly 36 years ago. Ronald Reagan wasn't even president yet.

However the nine days' worth of declines has been relatively minor, comparatively speaking. The S&P 500 fell 9.4 percent during the 1980 nine-day losing streak, according to Howard Silverblatt at S&P Global Market Intelligence, compared with the 3.1 percent decline in this sell-off.

Investors point to one reason for the drop: Donald Trump.

With only a few days left until the election, Hillary Clinton is still leading in national polling but Trump appears to have considerably narrowed the gap, particularly in swing states. Investors like certainty, and Clinton is seen as likely to maintain the status quo. Trump's policies are less clear, and the uncertainty and uncomfortable closeness of the polls has caused jitters in financial markets.

"Some investors are afraid of Donald Trump becoming president," said Michael Scanlon, a portfolio manager at Manulife Asset Management.

Other portfolio managers and market strategists have made similar comments, saying that it is likely a drop would continue on Wall Street if Trump were to prevail, at least in the short term. The VIX, a measure of volatility nicknamed Wall Street's "fear gauge" because it allows investors to bet on how much the stock market will swing in the next 30 days, has surged 40 percent this week. It is at its highest level since June, when Britain voted to leave the European Union.

"No one really knows what Trump would do should he get into power, probably not even himself," said Joshua Mahony, market analyst at IG. "It is that uncertainty that is driving the market negativity that has dominated this week."

Some encouraging news on the U.S. economy did keep the market higher most of the day, but the gains faded in the last hour of trading. Traders did not want to hold positions into the weekend with the election and retreated to their usual hamlets of safety: U.S. government bonds and gold.

U.S. employers added a solid 161,000 jobs in October and raised pay sharply for many workers. The Labor Department's monthly employment report Friday sketched a picture of a resilient job market. The pace of hiring has been consistent with a decent economy. The unemployment rate fell to 4.9 percent from 5 percent. And average hourly pay took a big step up, rising 10 cents an hour to an average of $25.92. That is 2.8 percent higher than a year ago and is the sharpest 12-month rise in seven years.

"This is really good for the U.S. consumer, especially as we head into the critical holiday shopping season," Scanlon said.

With the election coming up in less than a week, the October jobs report is likely to give the Federal Reserve enough ammunition to raise interest rates at its December meeting, economists said. Fed policymakers ended a two-day meeting on Wednesday where they decided to hold rates steady.

"It seems that the only remaining obstacle to the Fed hiking in December would be a significant adverse financial market reaction to the U.S. presidential election," said Chris Williamson, chief business economist at IHS Markit, in an email.

In company news: GoPro, the maker of wearable cameras, lost 78 cents, or 6.5 percent, to $11.16. The company reported a 40 percent drop in revenue in the quarter, and gave a negative outlook for the holiday season. Like Fitbit, GoPro is showing signs of being unable to expand the audience for its product line. The stock did recover part of an earlier loss.

In energy, benchmark U.S. crude oil lost 59 cents to $44.07 a barrel on the New York Mercantile Exchange. Brent crude, the international standard, declined 77 cents to $45.58 a barrel in London.

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Source: http://finance.yahoo.com

The NYSE DOW closed HIGHER ▲ 371.32 points or ▲ 2.08% on Monday, November 7, 2016
Symbol …........Last …......Change.......
Dow_Jones 18,259.60 ▲ 371.32 ▲ 2.08%
Nasdaq____ 5,166.17 ▲ 119.80 ▲ 2.37%
S&P_500___ 2,131.52 ▲ 46.34 ▲ 2.22%
30_Yr_Bond____ 2.60 ▲ 0.03 ▲ 1.21%

NYSE Volume 3,647,595,500
Nasdaq Volume 1,764,768,120

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,806.90 ▲ 113.64 ▲ 1.70%
DAX_____ 10,456.95 ▲ 197.82 ▲ 1.93%
CAC_40__ 4,461.21 ▲ 83.75 ▲ 1.91%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,330.90 ▲ 67.80 ▲ 1.29%
Shanghai_Comp 3,133.33 ▲ 8.02 ▲ 0.26%
Taiwan_Weight 9,189.84 ▲ 121.69 ▲ 1.34%
Nikkei_225___ 17,177.21 ▲ 271.85 ▲ 1.61%
Hang_Seng.__ 22,801.40 ▲ 158.78 ▲ 0.70%
Strait_Times.__ 2,800.95 ▲ 12.15 ▲ 0.44%
NZX_50_Index_ 6,872.27 ▲ 163.80 ▲ 2.44%

http://finance.yahoo.com/news/markets-now-us-stocks-open-143924484.html

Markets Right Now: US stocks surge after FBI clears Clinton

NEW YORK (AP) -- The latest on developments in U.S. financial markets (All times local):

4:00 p.m.

Stocks surged on Wall Street, breaking a nine-day losing streak, after the FBI said newly discovered emails didn't warrant any action against presidential candidate Hillary Clinton.

The Dow Jones industrial average jumped 371 points, or 2.1 percent, to 18,260 Monday.

Investors have been anxious over signs that the U.S. presidential race was tightening. The Standard & Poor's 500 index is coming off its longest losing streak since 1980. Monday's surge erased more than half of those losses.

The S&P 500 index gained 46 points, or 2.2 percent, to 2,131. The Nasdaq composite jumped 119 points, or 2.4 percent, to 5,166.

Banks and health care companies rose more than the rest of the market. JPMorgan Chase and UnitedHealth had some of the biggest gains in the Dow.

___

11:45 a.m.

Stocks are surging on Wall Street, breaking a nine-day losing streak, after the FBI said newly discovered emails didn't warrant any action against presidential candidate Hillary Clinton.

The Dow Jones industrial average jumped 328 points, or 1.8 percent, to 18,216 Monday.

Investors have been anxious in recent weeks over signs that the U.S. presidential race was tightening. The Standard & Poor's 500 index is coming off its longest losing streak since 1980. Monday's surge erased more than half of those losses.

The S&P 500 index gained 41 points, or 2 percent, to 2,127 in midday trading. The Nasdaq composite jumped 115 points, or 2 percent, to 5,162.

Banks and health care companies rose more than the rest of the market. UnitedHealth and JPMorgan Chase led the Dow higher.

___

9:35 a.m.

Stocks are opening sharply higher on Wall Street after the F.B.I. said newly discovered emails didn't warrant any action against presidential candidate Hillary Clinton.

The Dow Jones industrial average jumped 242 points, or 1.4 percent, to 18,128 shortly after the opening bell Monday.

Investors have been anxious in recent weeks over signs that the U.S. presidential race was tightening.

A key market benchmark, the Standard & Poor's 500 index, is coming off its longest losing streak since 1980, nine days of losses in a row.

Early Monday the S&P 500 index was up 30 points, or 1.5 percent, to 2,115. The Nasdaq composite climbed 80 points, or 1.6 percent, to 5,126.

Goldman Sachs and Microsoft had the biggest gains in the Dow.
 

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The NYSE DOW closed HIGHER ▲ 73.14 points or ▲ 0.40% on Tuesday, November 8, 2016
Symbol …........Last …......Change.......
Dow_Jones 18,332.74 ▲ 73.14 ▲ 0.40%
Nasdaq____ 5,193.49 ▲ 27.32 ▲ 0.53%
S&P_500___ 2,139.56 ▲ 8.04 ▲ 0.38%
30_Yr_Bond____ 2.63 ▲ 0.02 ▲ 0.92%

NYSE Volume 3,899,575,000
Nasdaq Volume 1,667,751,500

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,843.13 ▲ 36.23 ▲ 0.53%
DAX_____ 10,482.32 ▲ 25.37 ▲ 0.24%
CAC_40__ 4,476.89 ▲ 15.68 ▲ 0.35%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,342.20 ▲ 11.30 ▲ 0.21%
Shanghai_Comp 3,147.89 ▲ 14.55 ▲ 0.46%
Taiwan_Weight 9,217.43 ▲ 27.59 ▲ 0.30%
Nikkei_225___ 17,171.38 ▼ -5.83 ▼ -0.03%
Hang_Seng.__ 22,909.47 ▲ 108.07 ▲ 0.47%
Strait_Times.__ 2,820.24 ▲ 19.29 ▲ 0.69%
NZX_50_Index_ 6,894.36 ▲ 22.09 ▲ 0.32%

http://finance.yahoo.com/news/us-stocks-edge-lower-investors-151914482.html

US Stocks Close Broadly Higher as Investors Eye Election
By alex veiga, ap business writer

Investors remained in a buying mood on Election Day, sending U.S. stocks broadly higher and building on big gains from a day earlier.

Safe-play stocks such as utilities and phone companies were among the biggest gainers Tuesday. Energy companies were essentially flat.

Investors focused on the U.S. presidential election, which rattled financial markets in recent weeks as polls between Hillary Clinton and Donald Trump tightened.

Wall Street has largely seen Clinton as more likely to maintain the status quo, while viewing Trump's polices as less clear. Tuesday's rally, coupled with Monday's market gains, which marked the end of a nine-day losing streak and the best day for stocks since March, suggest the market anticipated a Clinton win.

"The market has been looking for the status quo result, and the polling in the last couple of days shows that result is a good likelihood," said Mike Baele, senior portfolio manager at the Private Client Reserve at U.S. Bank. "That's the reason why the market is bouncing here."

The Dow Jones industrial average rose 73.14 points, or 0.4 percent, to 18,332.74. The average was briefly up as much as 140 points. The Standard & Poor's 500 index gained 8.04 points, or 0.4 percent, to 2,139.56. The Nasdaq composite index added 27.32 points, or 0.5 percent, to 5,193.49.

Trading got off to a downbeat start, weighed down by disappointing earnings from Valeant Pharmaceuticals, CVS Health and other companies. But the market recovered by midmorning as investors' sized up news reports on early voting trends.

Clinton entered Election Day with multiple paths to victory, while Trump needed to prevail in most of the battleground states to reach 270 Electoral College votes. Control of the Senate was also at stake.

Investors have been expecting Clinton to win the presidency, the Democrats to take back the Senate and the Republicans to hold on to the House of Representatives, said Erik Davidson, chief investment officer for Wells Fargo Private Bank.

"That's sort of the base case," he said. "A Trump victory, the markets are not fully ready for that. That could certainly cause some volatility in the markets tomorrow if we have that outcome, and if it's conclusive."

Beyond the election, investors monitored the latest batch of company earnings.

Priceline Group climbed 6.6 percent after the online travel booking company reported quarterly earnings that easily beat analysts' forecasts. The stock gained $97.80 to $1,578.13.

Marriott International gained 2.7 percent after the hotel chain posted a big increase in earnings and revenue for the most recent quarter. The stock added $1.92 to $73.02.

SeaWorld Entertainment jumped 8.1 percent after the embattled parks operator said it has been able to stem falling attendance after a bruising fight with animal rights activists that led to the closure of its orca breeding program. The stock gained $1.16 to $15.41.

Other companies' latest quarterly report cards failed to impress investors.

Hertz plunged 22.5 percent after the car rental company's latest quarterly earnings came up far short of what analysts anticipated. The stock, which was down more than 50 percent at one point, slid $8.04 to $27.70.

CVS Health tumbled 11.8 percent after the drugstore chain and pharmacy benefits manager's third-quarter revenue fell short of Wall Street's expectations. The company also trimmed its outlook. The stock shed $9.86 to $73.53.

Depomed sank 17 percent after the drugmaker reported lower-than-anticipated quarterly earnings. The stock dropped $3.88 to $19.01.

Valeant Pharmaceuticals International slumped 21.7 percent after the Canadian drugmaker reported a third-quarter loss. The company also slashed its guidance as it continues to face scrutiny over its business practices. The stock lost $4.15 to $14.98.

Markets overseas closed mostly higher. In Europe, Germany's DAX rose 0.2 percent, while France's CAC-40 gained 0.4 percent. London's FTSE 100 added 0.5 percent. Earlier in Asia, stock indexes closed mostly higher. Hong Kong's Hang Seng rose 0.5 percent, while Seoul's Kospi added 0.3 percent. Tokyo's Nikkei 225 was little changed.

Benchmark U.S. crude rose 9 cents to close at $44.98 a barrel in New York. Brent crude, used to price international oils, slid 11 cents to close at $46.04 a barrel in London. Other energy futures were also mixed. Wholesale gasoline was little changed at $1.37 a gallon. Heating oil also held steady at $1.44 a gallon. Natural gas fell 18 cents, or 6.5 percent, to $2.63 per 1,000 cubic feet.

In metals trading, the price of gold slid $4.90 to $1,274.50 an ounce, while silver gained 21 cents, or 1.1 percent, to $18.36 an ounce. Copper added 7 cents, or 3.1 percent, to $2.38 a pound.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.86 percent from 1.83 percent late Monday.

In currency markets, the dollar rose to 105.05 yen from 104.58 yen. The euro weakened to $1.1016 from $1.1040. The Mexican peso, which has become an indirect proxy among investors for Trump's chances to win the White House, rose against the dollar. The U.S. currency fell to 18.42 Mexican pesos from 18.68 pesos.
 

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The NYSE DOW closed HIGHER ▲ 256.95 points or ▲ 1.40% on Wednesday, November 9, 2016
Symbol …........Last …......Change.......
Dow_Jones 18,589.69 ▲ 256.95 ▲ 1.40%
Nasdaq____ 5,251.07 ▲ 57.58 ▲ 1.11%
S&P_500___ 2,163.26 ▲ 23.70 ▲ 1.11%
30_Yr_Bond____ 2.88 ▲ 0.26 ▲ 9.75%

NYSE Volume 6,231,531,500
Nasdaq Volume 2,687,983,000

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,911.84 ▲ 68.71 ▲ 1.00%
DAX_____ 10,646.01 ▲ 163.69 ▲ 1.56%
CAC_40__ 4,543.48 ▲ 66.59 ▲ 1.49%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,238.30 ▼ -103.90 ▼ -1.94%
Shanghai_Comp 3,128.37 ▼ -19.52 ▼ -0.62%
Taiwan_Weight 8,943.20 ▼ -274.23 ▼ -2.98%
Nikkei_225___ 16,251.54 ▼ -919.84 ▼ -5.36%
Hang_Seng.__ 22,415.19 ▼ -494.28 ▼ -2.16%
Strait_Times.__ 2,789.88 ▼ -30.36 ▼ -1.08%
NZX_50_Index_ 6,664.21 ▼ -230.15 ▼ -3.34%

http://finance.yahoo.com/news/us-stocks-mixed-early-trade-153305019.html

US stocks surge following Trump victory; bond prices tumble
[Associated Press]
ALEX VEIGA and PAN PYLAS

Major U.S. stock indexes moved higher in morning trading Wednesday as Wall Street sized up the implications of Donald Trump's stunning presidential election victory.

The solid gains marked a reversal from earlier in the morning, when global stock markets were roiled after it became clear that Trump had sealed the win over Hillary Clinton.

Markets had been jittery in recent weeks over the prospect of a Trump administration. But conciliatory comments from the president-elect helped global stock markets recover a large chunk of their earlier losses.

On Wall Street, health care sector companies led the gainers, surging 2.9 percent. Investors had feared Clinton would implement curbs on drug pricing increases that could hurt drugmakers and biotechnology companies. Pfizer jumped 7 percent, the biggest gain in the Dow Jones industrial average.

Financial stocks were also heading sharply higher. Utilities were down the most, sliding 3.3 percent, followed closely by consumer-focused stocks. Crude oil prices also headed lower.

The Dow was up 142 points, or 0.8 percent, to 18,472 as of 11:33 a.m. Eastern Time. The Standard & Poor's 500 index gained 15 points, or 0.7 percent, to 2,154. The Nasdaq composite index rose 37 points, or 0.7 percent, to 5,231.

A sell-off in bonds sent prices tumbling, driving the yield on the 10-year Treasury note up to 1.97 percent from 1.86 percent late Tuesday, a large move. Traders are selling bonds to hedge against the possibility that interest rates, which have been ultra-low for years, could rise steadily again under a Trump administration, said Tom di Galoma, managing director of trading at Seaport Global Securities.

"People are starting to believe that Donald Trump is good for the economy, which makes him not so good for the bond market," di Galoma said. "You've also had the stock market come back overnight. People are starting to realize that a Trump presidency is not the end of the world."

Though uncertainty remains over Trump's trade, immigration and geopolitical policies and what his victory means for the future of globalization, investors appeared somewhat calmed by his victory speech, in which he praised Clinton and urged Americans to "come together as one united people" after a divisive campaign.

"While Trump slightly soothed some concerns in his victory speech, uncertainty remains over what kind of a U.S. he plans to lead," said Craig Erlam, senior market analyst at OANDA.

In Europe, Germany's DAX was up 1.1 percent, while France's CAC-40 gained 1 percent. The FTSE 100 index of leading British shares was 0.6 percent higher.

As Trump gained the lead in the electoral vote count, share prices tumbled in Asia, which were open during the election results.

By the time Trump was confirmed the winner and made his speech, financial markets had steadied. The dollar also recouped some ground, while assets that many investors search out at times of uncertainty, such as gold, came off earlier highs.

One currency that remained heavily sold is the Mexican peso. It was down 8.4 percent as the prospect of a wall along the United States' southern border, a key campaigning point for Trump, has come one step closer to reality. Trump has insisted that Mexico will pay for the wall. The U.S. currency rose sharply to 20.01 Mexican pesos from 18.68 pesos.

Also potentially impacting the peso is Trump's threat to rip up trade deals like the North American Free Trade Agreement, a key plank in Mexico's economic strategy and growth.

"If Trump is able to follow through with these suggestions, Mexican activity will suffer greatly," said Jane Foley, senior foreign exchange strategist at Rabobank International.

Trump doesn't formally take the reins of power until January but he will begin the transition to his presidency almost immediately. In the coming weeks, investors will be looking to see if he further tempers some of the rhetoric that polarized American opinion and often spooked investors in financial markets.

Another point of interest will center on the U.S.'s trade relations with China and its impact across Asia. Trump's victory has raised concerns that the U.S. and China might embark on a trade war of sorts and that protectionism around the world will grow.

Those concerns weighed heavily on Asian stocks. Japan's Nikkei 225 index closed 5.4 percent lower, recouping some losses. Hong Kong's Hang Seng closed 2.2 percent lower.
 

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The NYSE DOW closed HIGHER ▲ 218.19 points or ▲ 1.17% on Thursday, November 10, 2016
Symbol …........Last …......Change.......
Dow_Jones 18,807.88 ▲ 218.19 ▲ 1.17%
Nasdaq____ 5,208.80 ▼ -42.28 ▼ -0.81%
S&P_500___ 2,167.48 ▲ 4.22 ▲ 0.20%
30_Yr_Bond____ 2.93 ▲ 0.05 ▲ 1.60%

NYSE Volume 6,415,089,500
Nasdaq Volume 2,838,754,000

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,827.98 ▼ -83.86 ▼ -1.21%
DAX_____ 10,630.12 ▼ -15.89 ▼ -0.15%
CAC_40__ 4,530.95 ▼ -12.53 ▼ -0.28%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,408.90 ▲ 170.60 ▲ 3.26%
Shanghai_Comp 3,171.28 ▲ 42.91 ▲ 1.37%
Taiwan_Weight 9,152.18 ▲ 208.98 ▲ 2.34%
Nikkei_225___ 17,344.42 ▲ 1,092.88 ▲ 6.72%
Hang_Seng.__ 22,839.11 ▲ 423.92 ▲ 1.89%
Strait_Times.__ 2,834.09 ▲ 44.21 ▲ 1.58%
NZX_50_Index_ 6,733.72 ▲ 69.51 ▲ 1.04%

http://finance.yahoo.com/news/us-stocks-mostly-higher-afternoon-trading-oil-slumps-183153925.html

US Stocks Mixed Overall as Dow Sets Record High; Oil Slumps
ALEX VEIGA AP

Banks and other financial companies led U.S. stocks mostly higher Thursday, propelling the Dow Jones industrial average to a record high.

The Standard & Poor's 500 index, a broader measure of the stock market, also eked out a gain, adding to a big rally the day before following Donald Trump's presidential election victory. The Nasdaq composite closed lower, weighed down by a slide in technology companies. Bond prices slumped again, sending yields higher.

"You are seeing a massive swing out of cash and fixed-income and into equities to take advantage of this pro-growth cycle that the market believes we're beginning," said David Lyon, global investment specialist at J.P. Morgan Private Bank.

The Dow climbed 218.19 points, or 1.2 percent, to 18,807.88. That's a gain of about 1 percent from the average's previous record high set on Aug. 15. The S&P 500 index added 4.22 points, or 0.2 percent, to 2,167.48.

The Dow and S&P 500 index are on a four-day winning streak. The tech-heavy Nasdaq lost 42.28 points, or 0.8 percent, to 5,208.80.

Investors continued to make moves based on the bevy of possible policy changes that the Trump administration could implement once it takes over in January. Those include cutting taxes, increasing infrastructure spending and slashing government regulation of businesses.

That's particularly given a boost to financial, industrial and health care stocks, while prompting traders to sell consumer goods companies, utilities and phone companies. Investors have also continued to pull out of bonds in anticipation that Trump's policies could usher in stronger economy and, possibly, higher inflation, both of which are bad for bonds.

The sell-off in bonds continued Thursday, sending bond prices lower and kicking the yield on the 10-year Treasury note up to 2.15 percent, the highest it's been since January, from 2.06 percent late Wednesday. That yield is a benchmark used to set interest rates on many kinds of loans including home mortgages.

Traders have been selling bonds more aggressively to hedge against the possibility that interest rates, which have been ultra-low for years, could rise steadily again under Trump's administration.

That scenario would favor banks and other financial companies, one reason why the sector continued to rally Thursday. Higher interest rates help banks earn more money from lending, and years of ultra-low rates have crimped profits at big banks.

JPMorgan Chase led the 30 companies in the Dow, climbing $3.40, or 4.6 percent, to $76.65. It was followed by Goldman Sachs, which rose $8.24, or 4.3 percent, to $200.87.

Wells Fargo gained $3.64, or 7.6 percent, to $51.63, while Discover Financial Services added $3.31, or 5.5 percent, to $63.60.

Traders also bid up shares in Macy's and Kohl's after the companies reported their latest quarterly results.

Macy's rose $2.1, or 5.6 percent, to $40.53. Kohl's was the biggest gainer in the S&P 500, adding $5.27, or 11.5 percent, to $50.97.

Some big names in the technology sector closed lower.

Netflix slumped $6.77, or 5.5 percent, to $115.42, while Amazon.com slid $29.50, or 3.8 percent, to $742.38. Microsoft fell $1.47, or 2.4 percent, to $58.70.

Shares in several phone companies also slumped. AT&T lost 87 cents, or 2.3 percent, to $36.57, while Verizon slid $1.17, or 2.4 percent, to $46.69.

The major stock indexes in Europe turned lower after an early rally. Germany's DAX slid 0.1 percent, while the CAC-40 in France fell 0.3 percent. Britain's FTSE 100 lost 1.2 percent. Optimism that Trump's election will improve U.S.-Russia relations helped lift the Micex index in Moscow 0.9 percent.

Markets in Asia fared better. Japan's benchmark Nikkei 225 index rocketed 6.7 percent after sliding more than 5 percent the day before. South Korea's Kospi advanced 2.3 percent and Hong Kong's Hang Seng added 1.9 percent. Australia's S&P/ASX 200 surged 3.3 percent.

Crude oil prices declined. Benchmark U.S. crude fell 61 cents, or 1.3 percent, to close at $44.66 a barrel in New York. Brent crude, used to price international oils, lost 52 cents, or 1.1 percent, to close at $45.84 a barrel in London.

Other energy futures also closed lower. Wholesale gasoline slid 2 cents to $1.34 a gallon. Heating oil fell a penny to $1.44 a gallon. Natural gas lost 6 cents, or 2.2 percent, to $2.63 per 1,000 cubic feet.

In metals trading, the price of gold fell $7.10 to $1,266.40 an ounce, while silver added 36 cents, or 2 percent, to $18.74 an ounce. Copper rose 9 cents, or 3.7 percent, to $2.55 a pound.

In currency trading, the dollar continued to strengthen Thursday.

The U.S. currency rose to 106.83 yen from 105.84 yen on Wednesday, while the euro slid to $1.0890 from $1.0930. The Mexican peso continued to weaken against the dollar.

One dollar bought 20.61 pesos on Thursday, more than the 19.87 pesos it bought late Wednesday. Investors worry that Trump's anti-immigration stance and intention to repeal a trade pact with Mexico could hurt that country's economy.
 

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The NYSE DOW closed HIGHER ▲ 39.78 points or ▲ 0.21% on Friday, November 11, 2016
Symbol …........Last …......Change.......
Dow_Jones 18,847.66 ▲ 39.78 ▲ 0.21%
Nasdaq____ 5,237.11 ▲ 28.32 ▲ 0.54%
S&P_500___ 2,164.45 ▼ -3.03 ▼ -0.14%
30_Yr_Bond____ 2.93 ▲ 0.00 ▲ 0.00%

NYSE Volume 4,971,765,000
Nasdaq Volume 2,129,269,000

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,730.43 ▼ -97.55 ▼ -1.43%
DAX_____ 10,667.95 ▲ 37.83 ▲ 0.36%
CAC_40__ 4,489.27 ▼ -41.68 ▼ -0.92%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,446.60 ▲ 37.70 ▲ 0.70%
Shanghai_Comp 3,196.04 ▲ 24.76 ▲ 0.78%
Taiwan_Weight 8,957.76 ▼ -194.42 ▼ -2.12%
Nikkei_225___ 17,374.79 ▲ 30.37 ▲ 0.18%
Hang_Seng.__ 22,531.09 ▼ -308.02 ▼ -1.35%
Strait_Times.__ 2,814.60 ▼ -19.49 ▼ -0.69%
NZX_50_Index_ 6,697.78 ▼ -35.94 ▼ -0.53%

http://finance.yahoo.com/news/us-stocks-slightly-down-early-152702758.html

US stocks close mostly higher as Dow sets record high

By ALEX VEIGA
AP Business Writer

It was perhaps the most surprising trade in a record-setting week on Wall Street: How quickly investors swapped presidential pre-election jitters for enthusiasm at Donald Trump's victory over Hillary Clinton.

That enthusiasm - call it the Trump rally - ultimately propelled the Dow Jones industrial average to consecutive all-time highs this week and gave the Standard and Poor's 500 index its biggest weekly gain in two years. The rally lost some steam Friday, pulling the S&P 500 slightly lower.

The Dow rose 39.78 points, or 0.2 percent, to 18,847.66. The S&P 500 index fell 3.03 points, or 0.1 percent, to 2,164.45. The Nasdaq composite index gained 28.32 points, or 0.5 percent, to 5,237.11.

For months, investors viewed Trump and his proposed agenda as a more risky bet for the economy and the markets than his rival, who had been widely perceived as the candidate most likely to keep the status quo in place.

But then the billionaire won. And, more importantly, Republicans retained majorities in the House and Senate, ensuring that the president-elect's party will be in control when he takes office on January 20.

"I don't think people planned on a straight Republican sweep," said J.J. Kinahan, TD Ameritrade's chief strategist. "All of a sudden you realize some of the things that the markets have been wishing for have a chance to be done. That's why we've rallied so much. This scenario was such a low probability, nobody was planning for it."

Investors are now betting that Trump and a Republican-controlled congress will have a clear pathway to boost infrastructure spending, cut taxes and relax regulations that affect energy, finance and other businesses.

That agenda flipped investors' priorities this week away from defensive assets like bonds, utilities and phone companies, which traders had favored for much of this year, to health care, industrial and financial stocks, which notched their best week since 2009.

The trades mark a reversal from the last couple of years, when investors coped with government gridlock, sluggish economic growth and low interest rates by prizing less-risky assets and stocks like phone companies and utilities with high dividends.

Health care stocks are perhaps the best example of how investors' mindset has changed in just a few days.

The sector had been one of the worst performers this year in anticipation that Clinton, who had mostly maintained a lead in the polls, would push to expand the government's role in health care and curb price increases by drugmakers. That began to turn around this week, as investors bid up shares in pharmaceutical companies.

Banks also were seen to be potentially hurt by a Clinton win. But this week they went from being a laggard to one of the biggest gainers. The sector is benefiting from the expectation that the Trump administration will remove some of the regulations imposed on banks following the 2008 financial crisis.

"You're seeing strength in those sectors that are going to best be positioned for those changes," said David Lyon, global investment specialist at J.P. Morgan Private Bank. "There's been a massive shift toward a pro-growth bias within portfolios."

Investors also are betting that Trump's policies will lead to higher interest rates, which benefits banks by making it more profitable to lend money.

The anticipation of higher interest rates fueled the sell-off in bonds this week that sent bond prices lower and drove up the yield on the 10-year Treasury note to the highest level since January. On Monday it was 1.83 percent. It hit 2.14 percent as of late Thursday. Bond trading was closed Friday in observance of Veterans' Day.

That yield is a benchmark used to set interest rates on many kinds of loans including home mortgages.

The move away from bonds, utilities and other safe-play assets is likely to continue as long as investors believe that Trump's economic policies will lead to growth in the economy and usher in higher interest rates.

"You've seen people rotating out of them this week because they don't feel the need for the straight safety play, they don't need necessarily the yield of the safe stocks longer-term if they believe that the interest rate market is going to continue higher," Kinahan said.

Despite the market's enthusiasm this week, there is still an element of uncertainty about the Trump administration. Kinahan worries about the impact on the economy should inflation rise quickly. "That's a major worry," he said.

Then there's the question of what steps Trump will take to clamp down on illegal immigration and to renegotiate trade deals with other countries.

"What sounded great on the campaign trail may not be actually so great to a lot of businesses, particularly technology," Kinahan said.

5274
 

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The NYSE DOW closed HIGHER ▲ 21.03 points or ▲ 0.11% on Monday, November 14, 2016
Symbol …........Last …......Change.......
Dow_Jones 18,868.69 ▲ 21.03 ▲ 0.11%
Nasdaq____ 5,218.40 ▼ -18.72 ▼ -0.36%
S&P_500___ 2,164.20 ▼ -0.25 ▼ -0.01%
30_Yr_Bond____ 2.98 ▲ 0.05 ▲ 1.84%

NYSE Volume 5,360,202,000
Nasdaq Volume 2,236,906,750

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,753.18 ▲ 22.75 ▲ 0.34%
DAX_____ 10,693.69 ▲ 25.74 ▲ 0.24%
CAC_40__ 4,508.55 ▲ 19.28 ▲ 0.43%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,420.30 ▼ -26.30 ▼ -0.48%
Shanghai_Comp 3,210.37 ▲ 14.33 ▲ 0.45%
Taiwan_Weight 8,940.40 ▼ -17.36 ▼ -0.19%
Nikkei_225___ 17,672.62 ▲ 297.83 ▲ 1.71%
Hang_Seng.__ 22,222.22 ▼ -308.87 ▼ -1.37%
Strait_Times.__ 2,787.27 ▼ -27.33 ▼ -0.97%
NZX_50_Index_ 6,737.76 ▲ 39.98 ▲ 0.60%

http://finance.yahoo.com/news/us-stocks-move-higher-banks-153541887.html

US stocks finish level as tech losses cancel out bank gains
[Associated Press]
MARLEY JAY

NEW YORK (AP) ”” U.S. stocks came back from an early loss and finished almost unchanged Monday. Technology companies like Apple and Microsoft took big losses on fears about their overseas revenue, but bank stocks continued to surge along with bond yields.

Technology stocks have been weak since last week's election, and they fell further Monday as investors wonder if Donald Trump's policies as president will hurt their sales in China and other markets overseas. Bank stocks built on their post-election gains as bond yields continued to rise. That paves the way for banks to make more money from lending. Government bond yields are now at their highest levels since January.

"The market is sniffing out the belief that some of these Trump policies may drive some better economic growth but also may in fact be somewhat inflationary," said PNC Chief Investment Strategist Bill Stone.

The Dow Jones industrial average gained 21.03 points, or 0.1 percent, to close at 18,868.69, another all-time high. The Standard & Poor's 500 index dipped 0.25 points to 2,164.20 after it fell as much as 0.4 percent earlier. The Nasdaq composite sank 18.72 points, or 0.4 percent, to 5,218.40.

Technology companies fell sharply, with familiar names taking some of the largest losses. Apple gave up $2.72, or 2.5 percent, to $105.71 while Facebook declined $3.94, or 3.3 percent, to $115.08 and Microsoft slid 90 cents, or 1.5 percent, to $58.12. Alphabet, the parent company of Google, slipped $18.53, or 2.4 percent, to $753.22.

Bond prices fell and yields jumped as investors anticipated that Trump's spending plans would lead to higher inflation and more government borrowing. The yield on the 10-year U.S. Treasury note climbed to 2.25 percent from 2.14 percent late Thursday. Bond trading was closed Friday for the Veterans' Day holiday. The day before the Nov. 8 election, the yield was 1.83 percent. That's a huge move for that benchmark rate.

Goldman Sachs rose $5.24 percent, to 2.6 percent, to $209.18 and Bank of America rose $1.06, or 5.6 percent, to $20.08. JPMorgan Chase picked up $2.82, or 3.7 percent, to $79.51.

Stone said investors are focused on potential corporate and individual tax cuts, a "wave of deregulation" that eliminates some of the rules governing businesses like energy companies and banks, and more protectionism on trade, which could hurt sales for companies that do a lot of business overseas.

Investors are also pleased at the prospect of looser regulation and bigger profits. For example, Trump's election could result in big changes to the Dodd-Frank financial reform bill or to the Consumer Financial Protection Bureau. Stone added that corporate dealmaking could increase if Trump's administration takes a looser approach to antitrust regulation. Several companies announced deals or deal offers Monday.

South Korean conglomerate Samsung said it will buy Harman International for $8 billion, or $112 a share. Harman makes electronics for cars including audio systems and safety and entertainment features. Its stock jumped $22.07, or 25.2 percent, to $109.72.

German industrial equipment company Siemens agreed to buy software maker Mentor Graphics for $4.5 billion, or $37.25 a share. Mentor's stock rose $5.61, or 18.3 percent, to $36.29.

Shares of communication adapter maker Digi International rose $1.75, or 15 percent, to $13.40 after the company said it received an offer from Belden, a communications equipment company. Digi said it rejected the bid of $13.82 a share, or about $359 million, because it's too low. Belden stock added $1.52, or 2.2 percent, to $71.22.

The dollar rose against other currencies as U.S. interest rates rose. It jumped to 108.51 Japanese yen from 106.78 yen. The euro fell to $1.0726 from $1.0845.

Investors are also selling companies that pay big dividends like utilities and phone companies as bonds become more appealing to investors seeking income. Verizon fell 51 cents, or 1.1 percent, to $46.18 and American Electric Power lost $1.27, or 2.1 percent, to $58.72.

Oil prices bounced back from a big loss early on. Benchmark U.S. crude slipped just 9 cents to $43.32 a barrel in New York. Brent crude, used to price international oils, lost 32 cents to $44.43 a barrel in London.

In other energy trading, wholesale gasoline lost 3 cents to $1.28 a gallon. Heating oil fell 2 cents to $1.39 a gallon. Natural gas jumped 13 cents, or 5 percent, to $2.75 per 1,000 cubic feet.
 

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The NYSE DOW closed HIGHER ▲ 54.37 points or ▲ 0.29% on Tuesday, November 15, 2016
Symbol …........Last …......Change.......
Dow_Jones 18,923.06 ▲ 54.37 ▲ 0.29%
Nasdaq____ 5,275.62 ▲ 57.23 ▲ 1.10%
S&P_500___ 2,180.39 ▲ 16.19 ▲ 0.75%
30_Yr_Bond____ 2.97 ▼ -0.01 ▼ -0.30%

NYSE Volume 4,521,399,000
Nasdaq Volume 2,048,604,250

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,792.74 ▲ 39.56 ▲ 0.59%
DAX_____ 10,735.14 ▲ 41.45 ▲ 0.39%
CAC_40__ 4,536.53 ▲ 27.98 ▲ 0.62%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,399.80 ▼ -20.50 ▼ -0.38%
Shanghai_Comp 3,206.99 ▼ -3.39 ▼ -0.11%
Taiwan_Weight 8,931.03 ▼ -9.37 ▼ -0.10%
Nikkei_225___ 17,668.15 ▼ -4.47 ▼ -0.03%
Hang_Seng.__ 22,323.91 ▲ 101.69 ▲ 0.46%
Strait_Times.__ 2,797.55 ▲ 10.28 ▲ 0.37%
NZX_50_Index_ 6,770.43 ▲ 32.67 ▲ 0.48%

http://finance.yahoo.com/news/us-stocks-rise-surging-oil-151832010.html

Energy companies lead indexes higher as oil price soars
[Associated Press]
MARLEY JAY

NEW YORK (AP) ”” U.S. stocks climbed Tuesday as the price of oil made its biggest jump in seven months and energy companies rose with it. Technology stocks like Microsoft and Google's parent Alphabet traded higher and bond yields slipped, a break with the pattern since last week's election.

Oil rose almost 6 percent as investors once again grew hopeful that the OPEC cartel will agree to cut fuel production in a few weeks. Companies like utilities and telecom service providers climbed as bond yields fell slightly after a week of large gains. Airlines rose after Warren Buffett made a surprise investment in three carriers.

"The market somehow decided 'let's give the Trump presidency a chance," said John DeClue, chief investment officer for U.S. Bank's private client reserve. However DeClue said the bond market could struggle with Trump in the White House: if taxes are cut and government spending rises sharply, that could lead to climbing deficits that would trouble investors in U.S. government debt.

The Dow Jones industrial average picked up 54.37 points, or 0.3 percent, to 18,923.06, as those gains were partly held back by losses for retailer Home Depot and aerospace company Boeing. The Standard & Poor's 500 index rose 16.19 points, or 0.7 percent, to 2,180.39. The Nasdaq composite added 57.23 points, or 1.1 percent, to 5,275.62.

Energy companies like Exxon Mobil and Occidental Petroleum made large gains as the price of oil rose by the largest amount since early April. At least for a day, investors were hopeful that the nations of OPEC will be able to hammer out a deal to cut oil production, which would boost prices. OPEC agreed to a preliminary deal in September but still have to work out important details.

Benchmark U.S. crude gained $2.49, or 5.7 percent, to $45.81 per barrel in New York. Brent crude, used to price international oils, rose $2.52, or 5.7 percent, to $46.95 a barrel in London. Exxon rose $1.54, or 1.8 percent, to $86.82 and Apache added $4.46, or 7.6 percent, to $63.39.

Tuesday's trading was a partial reversal of the moves investors have made since the presidential election one week ago. Tech stocks have been losing ground recently, but Microsoft picked up $1.14, or 2 percent, to $58.87 and graphics processor maker Nvidia rose $2.55, or 3 percent, to $86.19.

Bond prices edged higher, sending long-term interest rates slightly lower. Bond prices had fallen sharply since the election over worries that President-elect Donald Trump's spending plans would lead to higher inflation. That had sent yields to their highest levels this year. But the yield on the 10-year Treasury note declined to 2.23 percent from 2.27 percent. Companies that pay large dividends, like phone companies, also changed course and rose.

However the dollar continued to get stronger and reached its highest level in almost a year. It rose to 109.32 yen from 108.51 yen. The euro slid to $1.0718 from $1.0726.

Billionaire investor Warren Buffett's Berkshire Hathaway bought stock in United Continental, American Airlines and Delta. Buffett has avoided the volatile industry in the past, but his holding company disclosed stakes in each company in a form filed with the Securities and Exchange Commission. United picked up $3.12, or 5 percent, to $66.06 and American gained $1.36, or 3.1 percent, to $44.76.

Aerospace giant Boeing fell after United said that it will postpone delivery of 61 new Boeing 737 jets that it planned to buy. It will convert the orders to a new, more fuel-efficient model that Boeing calls the 737 Max. Boeing stock lost $1.88, or 1.3 percent, to $148.11.

Retail sales climbed 0.8 percent in October as consumers spent more money on products including cars and home and garden supplies. Retail sales over last two months have been the strongest in more than two years, which shows consumers are still spending.

The report showed continued gains for online retailers. Amazon jumped $24.17, or 3.4 percent, to $743.24 while department stores traded lower as they continued to lose sales.

Equity One will combine with Regency Center in a deal that combines two real estate investment trusts that own shopping centers. The two companies have more than 400 properties, most of them anchored by grocery stores. Equity One climbed $1.90, or 6.8 percent, to $29.77 while Regency Center lost $2.95, or 4.2 percent, to $66.91.

Chinese e-commerce company JD.com climbed after it reported strong quarterly results. The company also said it might reorganize its JD Finance unit, which runs its internet finance business. JD.com said expects to sell its stake in the company and that JD Finance will be owned solely by Chinese investors. The stock climbed $2.70, or 11.4 percent, to $26.41.

In other energy trading, wholesale gasoline rose 6 cents, or 4.5 percent, to $1.34 a gallon. Heating oil picked up 6 cents, or 4.2 percent, to $1.44 a gallon. Natural gas lost 4 cents to $2.71 per 1,000 cubic feet.

Gold rose $2.80 to $1,224.50 an ounce. Silver picked up 15 cents to $17.04 an ounce, while copper gave up 2 cents to $2.51 a pound.

Britain's FTSE 100 index rose 0.6 percent and the CAC-40 in France was also 0.6 percent higher. Germany's DAX gained 0.4 percent. Seoul's Kospi shed 0.3 percent and the Nikkei 225 in Japan finished little changed. Hong Kong's Hang Seng gained 0.5 percent.
 

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The NYSE DOW closed LOWER ▼ -54.92 points or ▼ -0.29% on Wednesday, November 16, 2016
Symbol …........Last …......Change.......
Dow_Jones 18,868.14 ▼ -54.92 ▼ -0.29%
Nasdaq____ 5,294.58 ▲ 18.96 ▲ 0.36%
S&P_500___ 2,176.94 ▼ -3.45 ▼ -0.16%
30_Yr_Bond____ 2.93 ▼ -0.05 ▼ -1.58%

NYSE Volume 3,810,145,250
Nasdaq Volume 1,962,923,620

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,749.72 ▼ -43.02 ▼ -0.63%
DAX_____ 10,663.87 ▼ -71.27 ▼ -0.66%
CAC_40__ 4,501.14 ▼ -35.39 ▼ -0.78%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,399.60 ▼ -0.20 ▲ 0.00%
Shanghai_Comp 3,205.06 ▼ -1.93 ▼ -0.06%
Taiwan_Weight 8,962.22 ▲ 31.19 ▲ 0.35%
Nikkei_225___ 17,862.21 ▲ 194.06 ▲ 1.10%
Hang_Seng.__ 22,280.53 ▼ -43.38 ▼ -0.19%
Strait_Times.__ 2,793.99 ▼ -3.56 ▼ -0.13%
NZX_50_Index_ 6,824.58 ▲ 54.15 ▲ 0.80%

http://finance.yahoo.com/news/rally-fades-banks-lead-stocks-lower-dollar-still-151700684.html

Bank rally fades and stocks fall; dollar hits 13-year high
[Associated Press]
MARLEY JAY

NEW YORK (AP) ”” U.S. stocks finished barely lower Wednesday as banks return some of the huge gains they've made since the presidential election last week, but technology and consumer stocks climbed. The dollar continued to appreciate against other currencies and reached its highest mark in 13 years.

Banks took the biggest losses as a seven-day rally in that sector petered out. Industrial companies, also big gainers since the election, traded lower as well. The price of oil gave back some of its enormous gain from the day before. Graphics processor maker Nvidia and household names like Apple and Microsoft led technology companies higher. Rising stocks outnumbered decliners.

The dollar has been very strong in recent years, just not this strong, and it's been pretty stable compared to other currencies. But in the wake of the election, investors think the U.S. economy might grow a bit faster and inflation might pick up.

"What's pushed the dollar higher here in the short term is with the Trump win, particularly combined with (Republicans) holding on to the Senate," said Scott Wren, a senior global equity strategist at the Wells Fargo Investment Institute. Still, Wren doesn't think the dollar will rise much further.

The Dow Jones industrial average slid 54.92 points, or 0.3 percent, to 18,868.14. The Standard & Poor's 500 index lost 3.45 points, or 0.2 percent, to 2,176.94. The Nasdaq composite picked up 18.96 points, or 0.4 percent, to 5,294.58.

After a long losing streak before the election, the Dow had risen for seven days in a row through Tuesday and set several all-time highs. The S&P 500 and Nasdaq have also made large gains and are near the records they set this fall.

JPMorgan Chase led banks lower as it fell $1.96, or 2.5 percent, to $77.40 and Morgan Stanley lost 81 cents, or 2 percent, to $39.19. Banks are coming off their best single week since the financial crisis as investors hope for higher interest rates and more profits from lending, as well as cutbacks in regulations that could boost bank profits.

The ICE U.S. Dollar Index, which measures the dollar against six other currencies, rose to its highest level since April of 2003. The dollar is rising in part because investors think the Federal Reserve will raise interest rates at a faster pace in response to inflation stemming from the increased spending that President-elect Donald Trump has proposed.

A stronger dollar hurts U.S. companies that do a lot of business overseas because it makes their products more expensive, and it affects their earnings when they are translated from other currencies back into U.S. dollars. However it makes imported goods cheaper for consumers in the U.S.

The dollar slipped 109.15 Japanese yen from 109.32 yen late Tuesday. The euro slid to $1.0681 from $1.0718.

Technology companies moved upward as they continued a rally from a day earlier. Graphics processor maker Nvidia rose $5.44, or 6.3 percent, to $91.63 after it announced a collaboration with Microsoft, and Apple picked up $2.93, or 2.7 percent, to $110.04.

Tech stocks had weakened since the election. Trump's policies might affect their sales in China and other key markets, and a big surge this summer had brought some technology stocks to all-time highs.

Retailer Target raised its profit forecast and its sales projections for the third quarter with the holiday season approaching. That came as the retailer gave a strong third-quarter report, as it put more emphasis on low prices after it stumbled in the second quarter. The stock gained $4.59, or 6.4 percent, to $76.03.

TJX, the parent of TJ Maxx and Marshalls, reported a bigger profit and better sales than investors expected and its stock gained $2.90, or 3.9 percent, to $76.39. That helped lead consumer stocks higher.

Home improvement retailer Lowe's fell after it said traffic in stores was low during the third quarter, and Lowe's reported a smaller third-quarter profit because of several big charges. Lowe's lost $2.03, or 2.9 percent, to $67.02.

Oil prices slipped. Benchmark U.S. crude lost 24 cents to $45.57 a barrel in New York. Brent crude, which is used to price international oils, fell 32 cents to $46.63 a barrel in London. The price of U.S. crude oil soared Tuesday as investors hoped the oil-producing OPEC countries will agree to a production cut that would boost prices.

Energy companies fell. They had rallied on Tuesday along with the price of crude oil.

Bond prices rose. The yield on the 10-year Treasury note slipped to 2.21 percent from 2.22 percent. Bond yields, which are used to set interest rates on many kinds of loans including mortgages, have risen to their highest levels since the beginning of the year as investors expect inflation to rise. Bond investors hate inflation because it erodes the value of the fixed interest payments that bonds pay.

In other energy trading, wholesale gasoline fell 2 cents to $1.32 a gallon. Heating oil fell 1 cent to $1.44 a gallon. Natural gas rose 6 cents, or 2 percent, to $2.76 per 1,000 cubic feet.

The price of gold slipped 60 cents to $1,223.90 an ounce. Silver fell 12 cents to $16.93 an ounce. Copper fell 4 cents to $2.47 a pound.

In Germany the DAX lost 0.7 percent while France's CAC 40 was off 0.8 percent. Britain's FTSE 100 slid 0.6 percent. Asian markets finished mostly higher. Japan's Nikkei jumped 1.1 percent and the Kospi in Seoul, South Korea gained 0.6 percent. Hong Kong's Hang Seng index closed 0.2 percent lower.
 

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The NYSE DOW closed HIGHER ▲ 35.68 points or ▲ 0.19% on Thursday, November 17, 2016
Symbol …........Last …......Change.......
Dow_Jones 18,903.82 ▲ 35.68 ▲ 0.19%
Nasdaq____ 5,333.97 ▲ 39.39 ▲ 0.74%
S&P_500___ 2,187.12 ▲ 10.18 ▲ 0.47%
30_Yr_Bond____ 2.99 ▲ 0.06 ▲ 2.05%

NYSE Volume 3,829,762,250
Nasdaq Volume 1,977,599,000

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,794.71 ▲ 44.99 ▲ 0.67%
DAX_____ 10,685.54 ▲ 21.67 ▲ 0.20%
CAC_40__ 4,527.77 ▲ 26.63 ▲ 0.59%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,408.90 ▲ 9.30 ▲ 0.17%
Shanghai_Comp 3,208.45 ▲ 3.40 ▲ 0.11%
Taiwan_Weight 8,995.26 ▲ 33.04 ▲ 0.37%
Nikkei_225___ 17,862.63 ▲ 0.42 ▲ 0.00%
Hang_Seng.__ 22,262.88 ▼ -17.65 ▼ -0.08%
Strait_Times.__ 2,813.48 ▲ 19.49 ▲ 0.70%
NZX_50_Index_ 6,814.66 ▼ -9.92 ▼ -0.15%

http://abcnews.go.com/Business/wireStory/us-stocks-gain-rising-oil-price-helps-energy-43604774

Bank Stocks Surge Again, Leading Broader Market Higher
By marley jay, ap markets writer

U.S. stocks rose Thursday as banks resumed their steep upward climb and retailers moved higher. Federal Reserve Chair Janet Yellen emphasized that the Fed plans to raise interest rates, which will help banks make more money from lending.

Stocks started the day with small gains and moved higher following Yellen's testimony to Congress. Banks once again marched higher as investors cheered the latest indication that interest rates will rise from their current ultra-low levels. Retailers also rose after strong earnings from Best Buy, while food and household goods makers struggled after weak results from Wal-Mart and J.M. Smucker.

Almost all of the S&P 500's gains since the presidential election have gone to financial stocks. They lagged the market for much of this year, but they're now trading at their highest levels since May 2008, months before the financial crisis peaked.

Investors hope banks will benefit from higher interest rates, faster economic growth and lighter regulation under President-elect Trump.

"I wouldn't expect we're going to see the entire repeal of Dodd-Frank, but we could certainly see some changes that are positive for the financial services sector," said Kate Warne, an investment strategist for Edward Jones.

The Dow Jones industrial average added 35.68 points, or 0.2 percent, to 18,903.82. The Standard & Poor's 500 index rose 10.18 points, or 0.5 percent, to 2,187.12. The Nasdaq composite added 39.39 points, or 0.7 percent, to 5,333.97. The Dow has set several records since the election, while the S&P 500 and Nasdaq are close to records they set a few months ago.

Fed Chair Yellen told Congress that the economy is improving and added that that if the Fed keeps waiting now and raises rates too quickly later, that increases the risk of a recession.

Investors already expected the Fed to raise interest rates when it meets in mid-December, and they felt Yellen's comments confirmed that higher rates are coming.

Bond prices slipped. The yield on the 10-year U.S. Treasury note rose to 2.29 percent from 2.22 percent. Bond yields rise when investors expect higher interest rates and inflation.

Bank of America gained 33 cents, or 1.7 percent, to $20.08 and PNC Financial Services climbed $3.09, or 2.9 percent, to $110.60.

Greater sales of mobile phones and increased online sales helped electronics retailer Best Buy post a strong third quarter, and the company forecast a larger fourth-quarter profit than analysts had expected. Its stock climbed $5.54, or 13.7 percent, to $45.99 and hit a six-year high.

Other retailers also rose. Home Depot recovered some recent losses and added $3.60, or 2.9 percent, to $128.93. Amazon also gained ground as Wal-Mart struggled. It picked up $9.91, or 1.3 percent, to $756.40.

"Instead of spending in traditional ways, consumers have decided to spend their additional dollars in technology and online shopping," Warne said.

Wal-Mart announced disappointing sales in its third quarter. The retailer's profit also fell as it invested more money in its stores and its online business. The stock lost $2.20, or 3.1 percent, to $69.19 Warehouse club operator Costco and grocery store chain Kroger both took small losses as well.

Jam and jellies maker J.M. Smucker disclosed weak sales and its stock shed $5.10, or 3.9 percent, to $124.85. Tyson Foods fell $2.32, or 3.4 percent, to $66.70.

Cisco Systems fell after its earnings forecast disappointed Wall Street. The seller of routers, switches, software and services forecast a smaller-than-expected profit for its second fiscal quarter. That canceled out a strong first-quarter report. The stock gave up $1.52, or 4.8 percent, to $30.05.

Oil refining company Tesoro will buy Western Refining for $37.30 a share in stock, a deal the companies valued at $4.1 billion. The stock closed at $30.50 on Wednesday, and it jumped $7.05, or 23.1 percent, to $37.55. Tesoro shares rose 82 cents, or 1 percent, to $86.56.

Higher interest rates also mean a stronger dollar. The dollar climbed to 109.89 yen from 109.15 yen. The euro fell to $1.0626 from $1.0681. The ICE U.S. dollar index continued to rise. It's at its highest level in 13 years.

Oil prices gave up a small gain and turned lower. Benchmark U.S. crude slid 15 cents to $45.42 a barrel in New York. Brent crude, which is used to price international oils, slipped 14 cents to $46.49 a barrel in London. Energy companies lagged the market after big gains earlier this week.

In other energy trading, wholesale gasoline rose 2 cents to $1.34 a gallon. Heating oil rose 1 cent to $1.45 a gallon. Natural gas fell 6 cents, or 2.2 percent, to $2.70 per 1,000 cubic feet.

Gold fell $7 to $1,216.90 an ounce and silver lost 16 cents to $16.77 an ounce. Copper rose 2 cents to $2.49 a pound.

The FTSE 100 index of leading British shares added 0.7 percent and the CAC 40 in France rose 0.6 percent. Germany's DAX gained 0.2 percent. Japan's Nikkei 225 barely moved and the Hang Seng index in Hong Kong eased 0.1 percent. The Kospi in South Korea inched higher.
 

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The NYSE DOW closed LOWER ▼ -35.89 points or ▼ -0.19% on Friday, November 18, 2016
Symbol …........Last …......Change.......
Dow_Jones 18,867.93 ▼ -35.89 ▼ -0.19%
Nasdaq____ 5,321.51 ▼ -12.46 ▼ -0.23%
S&P_500___ 2,181.90 ▼ -5.22 ▼ -0.24%
30_Yr_Bond____ 3.02 ▲ 0.03 ▲ 1.00%

NYSE Volume 3,525,727,250
Nasdaq Volume 1,746,010,380

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,775.77 ▼ -18.94 ▼ -0.28%
DAX_____ 10,664.56 ▼ -20.98 ▼ -0.20%
CAC_40__ 4,504.35 ▼ -23.42 ▼ -0.52%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,427.50 ▲ 18.60 ▲ 0.34%
Shanghai_Comp 3,192.86 ▼ -15.60 ▼ -0.49%
Taiwan_Weight 9,008.79 ▲ 13.53 ▲ 0.15%
Nikkei_225___ 17,967.41 ▲ 104.78 ▲ 0.59%
Hang_Seng.__ 22,344.21 ▲ 81.33 ▲ 0.37%
Strait_Times.__ 2,838.65 ▲ 25.17 ▲ 0.89%
NZX_50_Index_ 6,857.84 ▲ 43.18 ▲ 0.63%

http://finance.yahoo.com/news/us-stocks-hardly-move-energy-145917682.html

Drugmaker losses pull stocks lower; small-cap surge goes on
[Associated Press]
Marley Jay, AP Markets Writer

NEW YORK (AP) -- Major U.S. stock indexes slipped Friday as drug companies dragged the market lower. Small-company stocks bucked the downward trend and continued to climb, and bond yields rose to their highest level in a year.

Drugmakers like Merck and biotech company Amgen took some of the biggest losses Friday. Weak results from Gap and Abercrombie & Fitch hurt retailers as investors kept a close eye on the upcoming holiday season.

Small companies including regional banks continued to make large gains. Those stocks have risen sharply since the presidential election last week and are now at record highs.

"Some of the proposals that (President-elect Donald) Trump has promoted, specifically deregulation and also some of his trade proposals, are better for small companies than potentially they are for large ones," said Katie Nixon, chief investment officer for Northern Trust.

The Dow Jones industrial average slid 35.89 points, or 0.2 percent, to 18,867.93. The Standard & Poor's 500 index lost 5.22 points, or 0.2 percent, to 2,181.90. The Nasdaq composite touched a record high early on, but turned lower and gave up 12.46 points, or 0.2 percent, to 5,321.51.

That's not a big loss, but the major indexes hadn't fallen that much since before the presidential election. Still, the S&P 500 and Nasdaq finished substantially higher this week after their big gains the week before. But indexes of smaller companies, like the Russell 2000 and the S&P 600, did better. They are on 11-day winning streaks and have hit all-time highs.

Among small-company stocks, mortgage lending service company LendingTree added $6.80, or 7.3 percent, to $100 and coal miner Cloud Peak Energy rose 79 cents, or 15.8 percent, to $5.79.

Losses for drug companies weighed down health care stocks. Botox maker Allergan retreated $8.20, or 4.1 percent, to $191.78 and biotech giant Amgen fell $2.13, or 1.4 percent, to $145.23. Hepatitis C drugmaker Gilead Sciences shed 96 cents, or 1.3 percent, to $74.62.

Drug company stocks are coming off their biggest weekly gain in two years. The stocks had been falling in the months leading up to the election because investors worried that under a Hillary Clinton presidency, the federal government would take steps to rein in drug prices. Those kinds of steps are less likely under a Trump presidency and a Republican-controlled Congress.

The dollar continued to climb. It's near one-year highs against the euro and six-month highs against the yen. The dollar rose to 110.63 yen from 109.89 yen. The euro fell to $1.0599 from $1.0626.

The dollar hasn't been this strong since early 2003. Nixon of Northern Trust said that's affecting big multinational companies because it can hurt their sales outside the U.S., but it's less of a problem for smaller, domestically-oriented companies.

Investors continued to sell U.S. government bonds at a rapid clip, and bond prices wobbled and turned lower. The yield on the 10-year Treasury note rose to 2.34 percent from 2.30 percent. Bond prices have fallen hard since the election and yields are now at their highest in a year.

Teen clothing company Abercrombie & Fitch plunged $2.33, or 13.8 percent, to $14.60 after it reported weak sales and a smaller profit than analysts had expected. Gap's said fewer people visited its stores heading into the holiday season. Its stock gave up $5.10, or 16.6 percent, to $25.61. Sporting goods Hibbett Sports retailer cut its annual forecasts after a weak third-quarter report. It dropped $4.90, or 10.8 percent, to $40.40.

Shoppers are not buying as many clothes and moving toward discount chains. That trend continued as discount retailer Ross Stores rose $2.47, or 3.8 percent, to $68 after it posted a better-than-expected profit and sales.

Companies that sell common household products are also moving lower. Procter & Gamble gave up $1.07, or 1.3 percent, to $82 and drugstore operator Walgreens Boots Alliance slumped 72 cents to $83.27. Those companies have fallen since the election as investors buy companies that could benefit more from faster economic growth.

Benchmark U.S. crude rose 27 cents to close at $45.69 a barrel in New York, while Brent crude, which is used to price international oils, added 37 cents to $46.86 a barrel in London. Energy companies traded higher. Chevron rose $1.08, or 1 percent, to $109.20 and ConocoPhillips jumped $1.15, or 2.6 percent, to $44.76.

Gold fell $8.20 to $1,208.70 an ounce. Silver lost 15 cents to $16.62 an ounce. Copper dipped 2 cents to $2.47 a pound.

In other energy trading, wholesale gasoline stayed at $1.34 a gallon. Heating oil picked up 1 cent to $1.46 a gallon. Natural gas climbed 14 cents, or 5.2 percent, to $2.84 per 1,000 cubic feet.

France's CAC 40 fell 0.5 percent and the FTSE 100 in Britain dipped 0.3 percent. The German DAX lost 0.2 percent. Japan's benchmark Nikkei 225 index added 0.6 percent as the yen hit a six-month low, helping shares of the country's big exporters. South Korea's Kospi shed 0.3 percent and Hong Kong's Hang Seng rose 0.4 percent.

5908
 

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The NYSE DOW closed HIGHER ▲ 88.76 points or ▲ 0.47% on Monday, November 21, 2016
Symbol …........Last …......Change.......
Dow_Jones 18,956.69 ▲ 88.76 ▲ 0.47%
Nasdaq____ 5,368.86 ▲ 47.35 ▲ 0.89%
S&P_500___ 2,198.18 ▲ 16.28 ▲ 0.75%
30_Yr_Bond____ 3.01 ▼ 0.00 ▼ -0.10%

NYSE Volume 3,564,778,750
Nasdaq Volume 1,670,383,500

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,777.96 ▲ 2.19 ▲ 0.03%
DAX_____ 10,685.13 ▲ 20.57 ▲ 0.19%
CAC_40__ 4,529.58 ▲ 25.23 ▲ 0.56%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,419.30 ▼ -8.20 ▼ -0.15%
Shanghai_Comp 3,218.15 ▲ 25.29 ▲ 0.79%
Taiwan_Weight 9,041.11 ▲ 32.32 ▲ 0.36%
Nikkei_225___ 18,106.02 ▲ 138.61 ▲ 0.77%
Hang_Seng.__ 22,357.78 ▲ 13.57 ▲ 0.06%
Strait_Times.__ 2,816.67 ▼ -21.98 ▼ -0.77%
NZX_50_Index_ 6,848.95 ▼ -8.89 ▼ -0.13%

http://finance.yahoo.com/news/energ...cks-higher-oil-prices-150713996--finance.html

US stock indexes bust records as oil prices jump
[Associated Press]
MARLEY JAY

NEW YORK (AP) ”” A jump in oil prices helped pull U.S. stocks to record highs Monday as investors continue to hope for a cut in oil production that could help prices go higher. The start of the week once again brought several corporate deals, with companies in the energy and technology industries making big moves.

The price of oil rose about 4 percent as investors hope the countries in OPEC, which collectively produce more than a third of the world's oil, will soon finalize a deal that would lower oil production and help support prices. The gains were widespread, with technology, basic materials and utility companies all moving higher.

Stocks reached all-time highs over the summer and have built on those gains since the election. On Monday the Dow Jones industrial average, Standard & Poor's 500, and Nasdaq composite all set records. So did the Russell 2000, an index of smaller companies, and the S&P's small- and mid-size company indexes. The last time all those indexes set records on the same day was Dec. 31, 1999, according to Ryan Detrick, senior market strategist for LPL Financial.

The Dow rose 88.76 points, or 0.5 percent, to 18,956.69. The S&P 500 climbed 16.28 points, or 0.7 percent, to 2,198.18. The Nasdaq composite jumped 47.35 points, or 0.9 percent, to 5,368.86.

Benchmark U.S. crude oil rose to its highest price this month. It gained $1.80, or 3.9 percent, to $47.49 a barrel while Brent crude, the international standard, rose $2.04, or 4.4 percent, to $48.90 a barrel in London. That led to gains for energy companies. Marathon Oil added 86 cents, or 5.5 percent, to $16.48 and Exxon Mobil added $1.21, or 1.4 percent, to $86.49.

OPEC representatives will meet in Vienna on Nov. 30. They have agreed to preliminary terms of a deal that will trim oil production, but the details remain to be determined. Quincy Krosby, market strategist at Prudential Financial, said investors are encouraged by the effort, but she doesn't think a deal, if one happens, will have much effect on oil prices.

"There's nothing to suggest the agreement's going to hold," she said. "When all is said and done, supply and demand will ultimately dictate the price."

Meat producer Tyson Foods tumbled $9.76, or 14.5 percent, to $57.60. The company's fourth-quarter profit and sales fell far short of Wall Street's forecasts as Tyson's chicken business struggled. The company also said CEO Donnie Smith will step down at the end of this year, and company president Tom Hayes will replace him.

Competitor Hormel Foods lost 64 cents, or 1.8 percent, to $34.94.

Small-company stocks have surged since the election. The Russell 2000 has risen for 12 days in a row.

Technology stocks also made substantial gains. They have lagged the market since the election after very strong performance over the summer. Facebook rose $4.75, or 4.1 percent, to $121.77 while online payments company PayPal advanced 55 cents, or 1.4 percent, to $40.63 and Apple picked up $1.69, or 1.5 percent, to $111.75.

Identity theft and fraud protection company LifeLock jumped $3.06, or 14.7 percent, to $23.81 after security software maker Symantec agreed to buy the company for $2.3 billion. The deal values LifeLock at $24 a share. Symantec picked up 77 cents, or 3.2 percent, to $24.52, a sign investors approve of the purchase.

Sunoco Logistics agreed to buy Energy Transfer Partners in an all-stock deal worth about $20 billion. Both companies are involved in the Dakota Access oil pipeline, a project that's been the subject of protests for months. A portion of that pipeline would pump oil under Lake Oahe, a reservoir in North Dakota, and the local Standing Rock Sioux tribe says it fears a leak could contaminate the drinking water on its reservation. The tribe also says the pipeline could disturb sacred sites.

Both companies traded lower after the deal was announced, as they won't distribute as much cash to shareholders after combining. Energy Transfer Partners lost $2.85, or 7.2 percent, to $36.52 and Sunoco Logistics skidded $1.72, or 6.6 percent, to $24.47. Energy Transfer Equity, the general partner of Energy Transfer Partners, picked up 63 cents, or 3.6 percent, to $17.92.

Gold inched up $1.10 to $1,209.80 an ounce. Silver lost 10 cents to $16.52 an ounce. Copper climbed 5 cents, or 1.9 percent, to $2.52 a pound.

The dollar slipped after trading at 13-year highs last week. The euro rose to $1.0612 from $1.0599. The dollar rose to 111.07 yen from 110.63 yen.

Bond prices rose. The yield on the 10-year Treasury note slipped to 2.32 percent from 2.35 percent. That helped utility stocks. They stocks tend to do better when bond yields fall because investors seeking income buy them for their big dividends.

In other energy trading, wholesale gasoline gained 6 cents, or 4.3 percent, to $1.40 a gallon. Heating oil rose 7 cents, or 4.6 percent, to $1.52 per gallon. Natural gas rose 11 cents, or 4 percent, to $2.95 per 1,000 cubic feet.

France's CAC-40 index rose 0.6 percent while the DAX of Germany picked up 0.2 percent. The FTSE 100 index in Britain rose less than 0.1 percent. The Nikkei 225 of Japan rose 0.8 percent. South Korea's Kospi dipped 0.4 percent and the Hang Seng in Hong Kong edged up less than 0.1 percent.
 

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U.S. trading will be closed Thursday for Thanksgiving and markets will close early on Friday.

The NYSE DOW closed HIGHER ▲ 67.18 points or ▲ 0.35% on Tuesday, November 22, 2016
Symbol …........Last …......Change.......
Dow_Jones 19,023.87 ▲ 67.18 ▲ 0.35%
Nasdaq____ 5,386.35 ▲ 17.49 ▲ 0.33%
S&P_500___ 2,202.94 ▲ 4.76 ▲ 0.22%
30_Yr_Bond____ 3.01 ▼ 0.00 ▼ -0.13%

NYSE Volume 3,920,212,500
Nasdaq Volume 1,836,238,620

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,819.72 ▲ 41.76 ▲ 0.62%
DAX_____ 10,713.85 ▲ 28.72 ▲ 0.27%
CAC_40__ 4,548.35 ▲ 18.77 ▲ 0.41%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,480.60 ▲ 61.30 ▲ 1.13%
Shanghai_Comp 3,248.35 ▲ 30.20 ▲ 0.94%
Taiwan_Weight 9,133.39 ▲ 92.28 ▲ 1.02%
Nikkei_225___ 18,162.94 ▲ 56.92 ▲ 0.31%
Hang_Seng.__ 22,678.07 ▲ 320.29 ▲ 1.43%
Strait_Times.__ 2,822.20 ▲ 5.53 ▲ 0.20%
NZX_50_Index_ 6,816.39 ▼ -32.56 ▼ -0.48%

http://finance.yahoo.com/news/consumer-companies-lead-us-stocks-145730773.html

Dow surpasses 19,000 as a record-setting drive continues
[Associated Press]
Marley Jay, AP Markets Writer

NEW YORK (AP) -- The Dow Jones industrial average surpassed 19,000 for the first time Tuesday as a post-election rally drove indexes further into record territory. Discount store chains made large gains, but health care companies tumbled.

Stocks opened solidly higher after setting records on Monday. They gave up some of their gains around midday but reached new highs late in the afternoon. Health care stocks slumped after weak results from medical device company Medtronic. Retailers soared after strong earnings from Dollar Tree and Burlington Stores.

"The consumer in general is far more budget-conscious than they were in previous generations," Ken Perkins, president of research firm Retail Metrics, said of discount chains.

The Dow picked up 67.18 points, or 0.4 percent, to 19,023.87. The Standard & Poor's 500 index added 4.76 points, or 0.2 percent, to 2,202.94. The Nasdaq composite gained 17.49 points, or 0.3 percent, to 5,386.35.

The Russell 2000 index, which tracks smaller companies, continued to set records as it traded higher for the 13th day in a row. It jumped 0.9 percent.

The Dow has closed at a record high six times in the two weeks since the presidential election, but trading volume has fallen in recent days. U.S. trading will be closed Thursday for Thanksgiving and markets will close early on Friday.

Shoppers continued to flock to discount stores. Dollar Tree raised its profit and sales forecasts after the chain reported solid results in the third quarter. Burlington Stores also raised its outlook after it posted a larger profit than analysts expected. Dollar Tree jumped $6.69, or 8.2 percent, to $88.68 and Burlington Stores added $11.86, or 16 percent, to $86.04.

Other retailers like Home Depot, TJX and Signet Jewelers also rose as consumer stocks reached all-time highs. Perkins, of Retail Metrics, said chains like Dollar Tree were able to win over new customers after the Great Recession, and low-cost clothing companies like TJX, the parent of TJ Maxx, have also performed well since that time.

Health care stocks, which are still trading lower than they were at the start of this year, took hefty losses after weak results from Medtronic, one of the world's largest medical device companies.

Matt Miksic, a medical device analyst for UBS, said some investors worried that Medtronic's results mean a lot of drug and medical device companies will face slower growth. Miksic said Medtronic reported weak sales "across pretty much every one of their categories in the U.S."

The company also cut its profit guidance. It sank $6.98, or 8.7 percent, to $73.60. Health care products giant Johnson & Johnson slid $2.26, or 2 percent, to $112.74 and Abbott Laboratories, which makes infant formula, drugs and medical devices, gave up $1.66, or 4.2 percent, to $38.10.

Medical supplier Patterson Cos. plunged, touching a three-year low, after it said its dental business struggled in the second quarter and its animal health business was hurt by weak prices for brand-name drugs. Patterson cuts its profit forecast and its shares dropped $7.95, or 16.7 percent, to $39.56.

Campbell Soup's profit in its fiscal first quarter was better than expected thanks to lower expenses and better sales of snacks like Pepperidge Farm. Hormel, the maker of Spam, reported better results from its refrigerated foods business and its Jennie-O turkey unit. Hormel also gave solid guidance for the current fiscal year. Campbell Soup gained $1.98, or 3.6 percent, to $57.02 and Hormel rose 92 cents, or 2.6 percent, to $35.86.

Dr. Pepper Snapple Group said it will buy fruit drink maker Bai Brands for $1.7 billion. Bai Brands markets its drinks as having fewer calories than other brands and doesn't use artificial sweeteners. Dr. Pepper Snapple stock picked up $2.25, or 2.6 percent, to $87.50.

Industrial companies, including makers of aircraft and engines and other equipment, continued to rise. Companies like Boeing, Lockheed Martin and Northrop Grumman were trading around record highs before the election and they have done better than the broader market since then. Boeing climbed $2.50, or 1.7 percent, to $149.52 Tuesday.

Oil prices wobbled and energy companies fell. Benchmark U.S. crude lost 21 cents to $48.03 a barrel in New York. Brent crude, the international standard, rose 22 cents to $49.12 a barrel in London. The price of oil rose about 4 percent Monday.

Investors continued to sell short-term bonds, which sent their prices lower. The yield on the two-year Treasury note rose to 1.09 percent, its highest in six years. Longer-term bond prices held steady. The yield on the 10-year Treasury note remained at 2.31 percent.

The dollar, which is trading around 13-year highs, was little changed. It rose to 111.14 yen from 111.07 yen. The euro inched up to $1.0624 from $1.0612.

In other energy trading, wholesale gasoline picked up 1 cent to $1.41 a gallon. Heating oil remained at $1.53 a gallon. Natural gas rose 3 cents to $2.98 per 1,000 cubic feet.

Gold rose $1.40 to $1,211.20 an ounce. Silver gained 11 cents to $16.63 an ounce. Copper added 3 cents, or 1.2 percent, to $2.54 a pound.

Britain's FTSE 100 rose 0.6 percent. France's CAC 40 added 0.4 percent while the DAX in Germany gained 0.3 percent. Japan's Nikkei 225 dipped after a powerful earthquake in northern Japan, but the index finished 0.3 percent higher. The earthquake set off a small tsunami, but it appeared to cause only minor damage and injuries. South Korea's Kospi rose 0.9 percent and the Hang Seng in Hong Kong climbed 1.4 percent.
 

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U.S. trading will be closed Thursday for Thanksgiving and markets will close early on Friday.

The NYSE DOW closed HIGHER ▲ 59.31 points or ▲ 0.31% on Wednesday, November 23, 2016
Symbol …........Last …......Change.......
Dow_Jones 19,083.18 ▲ 59.31 ▲ 0.31%
Nasdaq____ 5,380.68 ▼ -5.67 ▼ -0.11%
S&P_500___ 2,204.72 ▲ 1.78 ▲ 0.08%
30_Yr_Bond____ 3.02 ▲ 0.01 ▲ 0.47%

NYSE Volume 3,380,953,500
Nasdaq Volume 1,583,223,750

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,817.71 ▼ -2.01 ▼ -0.03%
DAX_____ 10,662.44 ▼ -51.41 ▼ -0.48%
CAC_40__ 4,529.21 ▼ -19.14 ▼ -0.42%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,549.90 ▲ 69.30 ▲ 1.26%
Shanghai_Comp 3,241.14 ▼ -7.22 ▼ -0.22%
Taiwan_Weight 9,178.23 ▲ 44.84 ▲ 0.49%
Nikkei_225___ 18,162.94 ▲ 56.92 ▲ 0.31% CLOSED FOR HOLIDAY
Hang_Seng.__ 22,676.69 ▼ -1.38 ▼ -0.01%
Strait_Times.__ 2,839.69 ▲ 17.49 ▲ 0.62%
NZX_50_Index_ 6,851.45 ▲ 35.06 ▲ 0.51%

http://finance.yahoo.com/news/us-stocks-recede-record-highs-151148233.html

Equipment companies power Dow and S&P 500 to new records
[Associated Press]
MARLEY JAY

NEW YORK (AP) — The Dow Jones industrial average and Standard & Poor's 500 indexes again set records Wednesday in a quiet day of pre-holiday trading. Machinery and equipment makers climbed after strong results from Deere, but technology companies fell.

Stocks opened mostly lower, but they slowly recovered. Industrial companies like Caterpillar and United Technologies continued to rise. Banks also rose as bond yields climbed. Companies that make hardware and network devices skidded after printer and PC maker HP gave a weak profit forecast.

"It sends kind of a chill through the sector," said Sameer Samana, a strategist for the Wells Fargo Investment Institute.

The Dow rose 59.31 points, or 0.3 percent, to 19,083.18. The Standard & Poor's 500 index edged up 1.78 points, or 0.1 percent, to 2,204.72. The Nasdaq composite lost 5.67 points, or 0.1 percent, to 5,380.68. Trading was relatively light ahead of the Thanksgiving holiday. U.S. markets will be closed Thursday and will close early on Friday.

The Russell 2000 index of small-company stocks climbed for the 14th day in a row, its longest winning streak since early 1996. It has closed at a record high for nine consecutive days. It's up 16 percent over that time and has now climbed 18 percent this year, more than twice as much as the S&P 500, which tracks large companies.

Deere, an agricultural and construction equipment maker, reported a bigger profit than analysts expected even though its business has been hurt by a slowdown construction and low commodity prices, which have caused farmers to cut back on purchases of equipment. The stock advanced $10.16, or 11 percent, to $102.17, its highest-ever closing price.

Already trading at all-time highs, industrial companies continued to rise after Deere's report. Construction and mining equipment maker Caterpillar gained $2.56, or 2.7 percent, to $96.18. United Technologies, which makes elevators, jet engines and other things, added $1.17, or 1.1 percent, to $108.11. Both companies are Dow components, which contributed to the Dow's big gain.

Printer and PC maker HP lost ground after it issued a profit forecast that disappointed investors. Its stock gave up $1.08, or 6.8 percent, to $14.87. Tech stocks did very well this summer, but they have lagged the market since the presidential election. Samana said investors are concerned that President-elect Donald Trump's immigration policies will hurt their ability to hire workers.

"You may see foreign competitors be able to be more attractive places for talent if there were to be greater restrictions over who could and could not come over," he said.

Bond prices dropped, sending yields higher. The yield on the 2-year Treasury note rose to 1.13 percent from 1.09 percent. The yield on that note is at its highest in more than six years. The yield on the 10-year Treasury note rose to 2.36 percent from 2.31 percent, its highest in almost a year and a half.

Higher bond yields are linked to higher interest rates, so the rising yields helped bank stocks turn higher. Capital One rose $2.03, or 2.5 percent, to $84.62 and Sterling Bancorp jumped 45 cents, or 2 percent, to $23.50. The S&P 500 financial index is up 12 percent since the election while the S&P 500 itself is up 3 percent.

As bond yields rose, investors sold shares of real estate investment trusts, utilities, and companies that sell household goods. Those companies are sometimes compared to bonds because they pay large dividends. When bonds yields rise, those stocks become less appealing to investors seeking income.

Eli Lilly dropped after saying a potential treatment for Alzheimer's disease failed in a clinical trial, as it did not slow down patients' mental decline compared to a placebo. Lilly fell $7.99, or 10.5 percent, to $68, its lowest value in two years. Biogen, which is also involved in studying a treatment for the disease, sank $12.18, or 3.8 percent, to $305.93.

The price of gold reached its lowest level since February as it tumbled $21.90, or 1.8 percent, to $1,189.30 an ounce. Silver fell 24 cents, or 1.4 percent, to $16.39 an ounce. But copper picked up 6 cents, or 2.5 percent, to $2.61 a pound.

Since the election gold prices have skidded and copper prices have surged. Copper's price is linked to economic expansion because of its use in construction and other areas, and it's at its highest price in more than a year. It jumped in late October and November, when the broader market was falling as investors wondered about the outcome of the presidential election, and at one point it closed higher for 14 days in a row.

The metal's price kept rising after the election as investors hope demand will increase under a potential infrastructure stimulus from President-elect Donald Trump and a Republican-controlled Congress.

The dollar rose to 112.60 yen from 111.14 yen. The euro fell to $1.0549 from $1.0624. The U.S. currency hasn't been this strong since March 2003. That's good news for U.S. companies that import goods, but it hurts businesses that get a lot of revenue from overseas.

Benchmark U.S. crude slipped 7 cents to $47.96 per barrel in New York. Brent crude, used to price international oils, lost 17 cents to $48.95 a barrel in London.

In other energy trading, wholesale gasoline picked up 1 cent to $1.42 a gallon. Heating oil fell 1 cent to $1.52 per gallon. Natural gas rose 4 cents to $3.03 per 1,000 cubic feet.

Germany's DAX index shed 0.5 percent and the CAC 40 in France dropped 0.4 percent. Britain's FTSE 100 was slightly lower. The Kospi in South Korea advanced 0.2 percent and Hong Kong's Hang Seng ended unchanged. Japanese markets were closed for a holiday.
 

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U.S. trading will be closed Thursday for Thanksgiving and markets will close early on Friday.

The NYSE DOW closed HIGHER ▲ 59.31 points or ▲ 0.31% on Wednesday, November 23, 2016
Symbol …........Last …......Change.......
Dow_Jones 19,083.18 ▲ 59.31 ▲ 0.31% CLOSED FOR THANKSGIVING HOLIDAY
Nasdaq____ 5,380.68 ▼ -5.67 ▼ -0.11% CLOSED FOR THANKSGIVING HOLIDAY[/B]
S&P_500___ 2,204.72 ▲ 1.78 ▲ 0.08% CLOSED FOR THANKSGIVING HOLIDAY[/B]
30_Yr_Bond____ 3.02 ▲ 0.01 ▲ 0.47% CLOSED FOR THANKSGIVING HOLIDAY[/B]

NYSE Volume 3,404,044,500
Nasdaq Volume 1,643,449,250

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,829.20 ▲ 11.49 ▲ 0.17%
DAX_____ 10,689.26 ▲ 26.82 ▲ 0.25%
CAC_40__ 4,542.56 ▲ 13.35 ▲ 0.29%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,549.00 ▼ -0.90 ▼ -0.02%
Shanghai_Comp 3,241.74 ▲ 0.60 ▲ 0.02%
Taiwan_Weight 9,152.11 ▼ -26.12 ▼ -0.28%
Nikkei_225___ 18,333.41 ▲ 170.47 ▲ 0.94%
Hang_Seng.__ 22,608.49 ▼ -68.20 ▼ -0.30%
Strait_Times.__ 2,843.72 ▲ 4.03 ▲ 0.14%
NZX_50_Index_ 6,883.25 ▲ 31.80 ▲ 0.46%

http://abcnews.go.com/Business/wireStory/global-markets-mixed-quiet-trading-us-holiday-43756619

Global Markets Steady in Quiet Trading on US Holiday
By eileen ng, associated press

Global stock markets were steady Thursday as the Thanksgiving holiday in the U.S. kept trading levels subdued.

KEEPING SCORE: Britain's FTSE 100 edged up 0.2 percent to 6,829.20 and France's CAC 40 rose 0.3 percent to 4,542.56. Germany's DAX also gained 0.3 percent to 10,689.26 after a survey showed businesses in the country remained optimistic in November despite concerns over a slowdown in global commerce and what the impact of Donald Trump's election in the U.S. might mean for trade.

WALL STREET: The Dow Jones industrial average and Standard & Poor's 500 indexes set records this week in pre-holiday trading. Machinery and equipment makers climbed but technology companies fell. U.S. markets were closed Thursday and will close early on Friday.

ANALYST'S TAKE: "Volumes have been poor ... and that's hardly a surprise given the upcoming Thanksgiving holiday but the juggernaut that is the bull market continues, albeit slowly," Chris Weston of IG said in a report. He said the Russell 2000 index of small-company stocks, where the real momentum is, gained for the 14th day in a row. Weston said the U.S. Federal Reserve is expected to go ahead with an interest rate hike in December, especially after the release of a slew of strong economic data. Mizuho Bank in Singapore said the strong dollar continued to be the dominant theme, putting most currencies under selling pressure.

ASIA'S DAY: Japan's Nikkei rose 0.9 percent to 18,333.41. Sydney's S&P-ASX 200 and Shanghai Composite Index were flat at 5,485.10 and 3,241.74 respectively. Seoul's Kospi lost 0.8 percent to 1,971.26 and Hong Kong's Hang Seng shed 0.3 percent to 22,608.49. Benchmarks in New Zealand and Singapore rose but Taiwan, India and Indonesia retreated.

CURRENCY: The dollar rose to 113.34 yen from Wednesday's 112.60 yen, while the euro strengthened to $1.0555 from $1.0549.

ENERGY: Benchmark U.S. crude rose 1 cent to $47.97 per barrel in electronic trading on the New York Mercantile Exchange. The contract slipped 7 cents on Wednesday. Brent crude, used to price international oils, shed 2 cents to $48.93 in London. The contract lost 17 cents in the previous session.
 
Source: http://finance.yahoo.com

The NYSE DOW closed HIGHER ▲ 68.96 points or ▲ 0.36% on Friday, November 25, 2016
Symbol …........Last …......Change.......
Dow_Jones 19,152.14 ▲ 68.96 ▲ 0.36%
Nasdaq____ 5,398.92 ▲ 18.24 ▲ 0.34%
S&P_500___ 2,213.35 ▲ 8.63 ▲ 0.39%
30_Yr_Bond____ 3.02 ▲ 0.00 ▼ -0.03%

NYSE Volume 1,574,046,380
Nasdaq Volume 742,639,060

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,840.75 ▲ 11.55 ▲ 0.17%
DAX_____ 10,699.27 ▲ 10.01 ▲ 0.09%
CAC_40__ 4,550.27 ▲ 7.71 ▲ 0.17%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,570.50 ▲ 21.50 ▲ 0.39%
Shanghai_Comp 3,261.94 ▲ 20.20 ▲ 0.62%
Taiwan_Weight 9,159.07 ▲ 6.96 ▲ 0.08%
Nikkei_225___ 18,381.22 ▲ 47.81 ▲ 0.26%
Hang_Seng.__ 22,723.45 ▲ 114.96 ▲ 0.51%
Strait_Times.__ 2,859.33 ▲ 15.61 ▲ 0.55%
NZX_50_Index_ 6,899.62 ▲ 16.37 ▲ 0.24%

http://finance.yahoo.com/news/us-stocks-rising-early-trading-151805848.html

US stocks rise to fresh records in shortened session
[Associated Press]
BERNARD CONDON

NEW YORK (AP) — Stocks hit fresh records in a shortened trading session Friday as investors continued to bet on a pickup in economic growth and rising corporate profits.

The gains were modest but broad, with nearly every sector in the Standard and Poor's 500 index rising. Utilities rose the most, up 1.4 percent.

Indexes have been rising since the presidential election, and the close on Friday capped a third week in a row of S&P 500 gains. The index is up 4 percent so far this month.

Investors anticipate that plans by President-elect Donald Trump to cut taxes, reduce regulations and spend on infrastructure will speed economic growth. Investors are also reacting to recent signs of a pickup in growth in several other major economies around the world, said Jim Paulsen, chief investment strategist for Wells Capital Management.

"We haven't had a synchronized bounce in growth across the globe ever in this recovery" Paulsen said. "This is the first time you're getting all the economic boats going north at the same time, and I think stock markets are reflecting that."

The Dow Jones industrial average rose 68.96 points, or 0.4 percent, to 19,152.14. The S&P 500 climbed 8.63 points, or 0.4 percent, to 2,213.35. The Nasdaq composite added 18.24 points, or 0.3 percent, to 5,398.92.

Stock trading closed at 1:00 p.m. Eastern time. Trading was relatively quiet as investors returned from the Thanksgiving holiday.

Investors sold bonds again on fear that inflation in the future could eat into their fixed payments. Yields, which move opposite prices, fell. The yield on the 10-year Treasury note rose to 2.36 percent.

Ten of 11 sectors of the S&P 500 rose. Energy companies fell with the price of oil. ConocoPhillips lost 55 cents, or 1.2 percent, to $45.75.

Electricity supplier Entergy Energy rose $1.41, or 2.1 percent, to $69.53. The climb in utilities on Friday reflects investor desire for steady dividends. Telephone companies, which are also big dividend payers, rose, too. AT&T climbed 48 cents, or 1.2 percent, to $39.21.

Among others stocks making moves Friday, Johnson & Johnson rose $1.06 cents, or 0.9 percent, to $114.13 after the health care company said it is in early talks to buy Swiss drugmaker Actelion.

Deere & Co. rose 1.7 percent, after rocketing 11 percent on Wednesday. The maker of agricultural and construction equipment reported a quarterly loss on Wednesday, but it was much less than expected. It closed Friday at $103.92, up $1.75.

Stocks closed higher overseas, too.

Britain's FTSE 100 and France's CAC 40 each rose 0.2 percent. Germany's DAX climbed 0.1 percent.

In Asia, Japan's Nikkei 225 finished 0.3 percent higher and South Korea's Kospi edged up 0.2 percent. Stocks in Hong Kong, Australia, Taiwan, Singapore and other Southeast Asian markets also advanced.

Oil prices fell sharply. Benchmark U.S. crude fell $1.90, or 4 percent, to $46.06 per barrel in New York. Brent crude, used to price international oils, lost $1.90, or 3.9 percent, to $47.10 in London.

Investors pushed prices up earlier in the week, but are on edge in anticipation of a meeting of OPEC nations next week. They are meeting to possibly hammer out an agreement on meaningful output cuts.

In other energy trading, wholesale gasoline fell 5 cents to $1.37 a gallon, heating oil lost 5 cents to $1.47 a gallon and natural gas rose 6 cents to $3.09 per 1,000 cubic feet.

The dollar remained at a more than eight-year high against the Chinese yuan, which was trading at 6.92 yuan per dollar. The dollar fell against the Japanese yen, to 113.09 yen from 113.69 yen, while the euro strengthened to $1.0600 from $1.0547.

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The NYSE DOW closed LOWER ▼ -54.24 points or ▼ -0.28% on Monday, November 28, 2016
Symbol …........Last …......Change.......
Dow_Jones 19,097.90 ▼ -54.24 ▼ -0.28%
Nasdaq____ 5,368.81 ▼ -30.11 ▼ -0.56%
S&P_500___ 2,201.72 ▼ -11.63 ▼ -0.53%
30_Yr_Bond____ 2.98 ▼ -0.04 ▼ -1.29%

NYSE Volume 3,472,323,250
Nasdaq Volume 1,514,104,880

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,799.47 ▼ -41.28 ▼ -0.60%
DAX_____ 10,582.67 ▼ -116.60 ▼ -1.09%
CAC_40__ 4,510.39 ▼ -39.88 ▼ -0.88%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,532.60 ▼ -37.90 ▼ -0.68%
Shanghai_Comp 3,277.00 ▲ 15.06 ▲ 0.46%
Taiwan_Weight 9,222.24 ▲ 63.17 ▲ 0.69%
Nikkei_225___ 18,356.89 ▼ -24.33 ▼ -0.13%
Hang_Seng.__ 22,830.57 ▲ 107.12 ▲ 0.47%
Strait_Times.__ 2,874.65 ▲ 15.32 ▲ 0.54%
NZX_50_Index_ 6,902.96 ▲ 3.34 ▲ 0.05%

http://finance.yahoo.com/news/stocks-fall-record-run-consumer-145037535.html

Stocks pull back from records; banks, retailers fall
[Associated Press]
KEN SWEET

NEW YORK (AP) ”” Stocks pulled back slightly on Monday, retreating from the records the market set last week.

Consumer companies and banks took some of the largest losses. Small-company stocks, which have been outperforming the rest of the market for weeks, gave back some of their recent gains.

The Dow Jones industrial average lost 54.24 points, or 0.3 percent, to 19,097.90. The Standard & Poor's 500 index lost 11.63 points, or 0.5 percent, to 2,201.72 and the Nasdaq composite lost 30.11 points, or 0.6 percent, to 5,368.81.

Consumer discretionary stocks were among the hardest hit, following the closely watched post-Thanksgiving sales push.

Online retail giant Amazon fell $13.60, or 1.7 percent, to $766.77 after Citigroup analysts cut their price target on the stock, citing deep discounting by the retailer to compete during the holiday shopping season. Barnes & Noble fell 30 cents, or 2.3 percent, to $12.50 on reports the bookseller is also doing deep discounting to attract customers.

Monday's declines follow what has been a remarkable rally in November since the upset victory of Donald Trump in the U.S. presidential election. Investors have made big bets that Trump, with a Republican-led Congress, will push to deregulate energy and banking and cut taxes, which could lead to stronger economic growth.

"The economic and equity market backdrop was already improving before the election. Trump's victory and the Republican sweep provided a catalyst for investors to ratchet up their optimism," Bob Doll, chief equity strategist at Nuveen Asset Management, wrote in a note to investors.

The Russell 2000, an index of smaller companies lost 1.3 percent on Monday, ending a 15-day winning streak. That was the longest winning streak for the index in 20 years, rising roughly 11.6 percent this month alone.

Banks also fell more than the rest of the market, with the financial sector of the S&P 500 falling 1.4 percent. Banks have surged since the election on speculation that the Trump administration will roll back some regulations put into place following the financial crisis.

Investors have also pulled out of the bond market, betting that higher economic growth will also lead to higher inflation, something the U.S. economy has had little of since the financial crisis.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.31 percent from 2.36 percent. Bond prices have been falling sharply since the election as investors anticipate that Trump's policies could lead to higher economic growth and higher inflation. The yield on the 10-year note was 1.83 percent the day before the election.

The price of benchmark U.S. oil jumped $1.02, or 2.2 percent, to $47.08 a barrel in New York ahead of a meeting of OPEC, where oil-producing countries may consider a broad cut in production. Brent crude, the international standard, rose $1, or 2 percent, to $48.24 a barrel in London.

In other energy trading, heating oil rose 4 cents to $1.51 a gallon, wholesale gasoline rose 4 cents to $1.41 a gallon and natural gas rose 15 cents to $3.23 per thousand cubic feet.

The euro edged higher against the dollar to $1.0597 from $1.0592 on Friday. The dollar fell to 112.26 Japanese yen from 113.04 yen.

The price of gold rose $12.40 to $1,190.80 an ounce, silver rose 11 cents to $16.58 an ounce and copper fell 1 cent to $2.657 a pound.
 

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The NYSE DOW closed HIGHER ▲ 23.7 points or ▲ 0.12% on Tuesday, November 29, 2016
Symbol …........Last …......Change.......
Dow_Jones 19,121.60 ▲ 23.70 ▲ 0.12%
Nasdaq____ 5,379.92 ▲ 11.11 ▲ 0.21%
S&P_500___ 2,204.66 ▲ 2.94 ▲ 0.13%
30_Yr_Bond____ 2.95 ▼ -0.03 ▼ -1.11%

NYSE Volume 3,670,283,250
Nasdaq Volume 1,682,490,250

Europe
Symbol... .....Last ….....Change.......
FTSE_100 6,772.00 ▼ -27.47 ▼ -0.40%
DAX_____ 10,620.49 ▲ 37.82 ▲ 0.36%
CAC_40__ 4,551.46 ▲ 41.07 ▲ 0.91%

Asia Pacific
Symbol...... ….......Last .....Change…......
ASX_All_Ord___ 5,520.50 ▼ -12.10 ▼ -0.22%
Shanghai_Comp 3,282.92 ▲ 5.92 ▲ 0.18%
Taiwan_Weight 9,192.38 ▼ -29.86 ▼ -0.32%
Nikkei_225___ 18,307.04 ▼ -49.85 ▼ -0.27%
Hang_Seng.__ 22,737.07 ▼ -93.50 ▼ -0.41%
Strait_Times.__ 2,879.14 ▲ 4.49 ▲ 0.16%
NZX_50_Index_ 6,901.75 ▼ -1.21 ▼ -0.02%

http://finance.yahoo.com/news/energy-companies-drag-us-stocks-150404325.html

Stocks close higher, helped by health care companies
[Associated Press]
Ken Sweet, AP Business Writer

NEW YORK (AP) -- Stocks closed slightly higher on Tuesday, boosted by health-care companies like UnitedHealth Group, which helped outweigh steep declines in energy companies.

Tiffany jumped after it reported better quarterly results than analysts expected.

The Dow Jones industrial average rose 23.70 points, or 0.1 percent, to 19,121.60. The Standard & Poor's 500 index rose 2.94 points, or 0.1 percent, to 2,204.66 and the Nasdaq composite rose 11.11 points, or 0.2 percent, to 5,379.92.

Stocks started the day slightly lower but posted slight gains by late-morning and stayed higher throughout the afternoon.

Health care stocks were a primary driver of the market's upward turn. UnitedHealth, the largest U.S. health insurer, backed its forecast for this year and said it expects its earnings to grow in 2017. That's because of stable medical costs, less exposure to Affordable Care Act health care exchanges, and growth for Optum, a business that manages pharmacy benefits, runs clinics and doctors' offices and provides technology services.

The Dow component closed up $5.48, or 3.6 percent, to $157.59.

Other health care stocks also rallied. Alexion Pharmaceuticals rose $6.21, or 5 percent, to $125.59, drugmaker AbbVie rose $2.13, or 3.6 percent, to $61.59. Other insurance companies also posted gains. Aetna rose $3.64, or 2.8 percent, to $132.03. Cigna, Humana and Anthem all closed up more than 1 percent.

Health care stocks also rose following the announcement of President-elect Donald Trump's nominee for Secretary of Health and Human Services, Georgia Congressman Tom Price, who is an adamant opponent of the Affordable Care Act and is likely to head up the Trump's administration's rollback of the law. Analysts at Jeffreys and Morgan Stanley both said this week the Trump administration would be positive for the industry.

After taking a pause on Monday, stocks remain in rally mode since the election. However the gains have slowed down in the last week.

"We're seeing a lot of consolidation after the market's big run," said Karen Hiatt, a senior portfolio manager at Allianz Global Investors.

In energy, oil prices fell sharply after it seemed like a deal to reduce oil production among OPEC nations was starting to fall apart ahead of their meeting Wednesday. Saudi Arabia's representatives have sounded skeptical while Iran is hesitant to limit its own output as it ramps up production following years of international sanctions.

Benchmark U.S. crude fell $1.85, or 3.9 percent, to close at $45.23 a barrel in New York. Brent crude, used to price international oils, tumbled $1.86, or 3.9 percent, to close at $46.38 a barrel in London.

Energy stocks followed oil prices lower, with oil giants Exxon Mobil and Chevron falling roughly 1 percent each. The energy component of the S&P 500 fell 1.2 percent on Tuesday.

Luxury jeweler Tiffany traded higher after the company reported stronger sales in Asia, which countered weaker results from the U.S. and Europe. Its stock gained $2.46, or 3.1 percent, to $80.60.

In other energy commodities, heating oil fell 5 cents to $1.46 a gallon, wholesale gasoline fell 4 cents to $1.38 a gallon and natural gas was mostly unchanged at $3.32 per 1,000 cubic feet.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.30 percent from 2.31 percent. The dollar rose to 112.33 yen from 112.26 yen. The euro rose to $1.0647 compared with $1.0597 yesterday.

In metals, the price of gold fell $2.90, or 0.2 percent, to $1,187.90 an ounce. Silver rose 8 cents to $16.66 an ounce and copper fell 6 cents to $2.60 a pound.
 

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