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Stan ChoeFortune |
"It’s not this nascent, small little niche fan base for women’s basketball," says Kellyn Smith Kenny of AT&T. "The appeal is broadening."
Trump faces a $454 million judgment in a fraud lawsuit, among other financial burdens. But he cannot sell his stock easily for at least six months.
The former Treasury Secretary's deal-making past straddles the world of Hollywood, entertainment and finance.
The index is on track for its 17th winning week in the last 19 after erasing the last of its losses from Monday and Tuesday.
The deal will bring four new directors to NYCB's board, including Steven Mnuchin, the Treasury secretary under President Donald Trump.
Several unique characteristics of the U.S. economy have sheltered it from recessionary storms, analysts say.
The Dow Jones Industrial Average gained 348.85, or 0.9%, to 38,773.12, and the Nasdaq composite climbed 47.03, or 0.3%, to 15,906.17.
The Russell 2000 index rose 2.4% after taking hard hits only a day ago.
The hotter-than-expected inflation report may have put the final nail into hopes that the first cut could arrive in March.
The S&P 500 just set its 10th record in less than a month and closed its 14th winning week in the last 15.
The S&P 500 inched up by 2.85 points, to 4,997.91. The Dow also set an all-time high after edging up by 0.1% to 38,726.33.
The latest show of strength came from a report indicating fewer workers applied for unemployment benefits last week than expected
Big Tech stocks are the main reason the S&P 500 has soared more than 35% to a record, and five of the "Magnificent Seven" report this week.
Inflation is cooling and the economy is growing.
Big Tech stocks included a 2.9% climb for Apple, while Fastenal jumped 5.9% for the biggest gain in the S&P 500 after a surprise earnings beat.
The S&P 500 was 0.4% higher in midday trading, just 0.8% shy of its record set nearly two years ago, while the Dow was up 182 points.
The Dow jumped 512 points, or 1.4%, to top 37,000 and surpass its prior peak of 36,799.65 set at the start of last year.
"Ain’t no reason to believe the last inflation mile will be the most difficult," said EY Chief Economist Gregory Daco.
The S&P 500 was 0.8% lower in midday trading. The Dow was down 171 points, or 0.5%, as of 11 a.m. ET, and the Nasdaq composite was 1% lower.
"We are now past any point of potential pent-up demand release," Stan Chia says. "What we’re really into is secular trends of the industry."
The area under conflict is not home to major oil production, but fears over the impact sent U.S. oil up 4.2% to $86.23, while brent crude rose 4% to...
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