US Futures Point to Fresh Record Highs at Start of Fed Week
19 Septembre, 2017, 16:59 | Author: Marc Bacque
With the higher closes, the Dow and S&P reached another record close.
Employees of a foreign exchange trading company work near a monitor showing TV news on Japan's Nikkei share average and the Japanese yen's exchange rate against foreign currencies in Tokyo.
Wall Street hit new life highs on Monday powered by financials, technology and industrials stocks even as investors await cues from the Federal Reserve on its future path of monetary policy.
USA equity futures, however, still suggest another all-time high for the Dow Jones Industrial Average at the start of trading today after Monday's record close - the fifth in a row - for the benchmark and smaller gains for the broader S&P 500 and the tech-focused Nasdaq.
Wall Street rose to fresh record closes on Monday, boosted by gains in banking and financial stocks while investors eyed this week's meeting of the United States central bank in Washington.
In the next part, we'll discuss the S&P 500's top gainers on September 18.
With futures prices pointing to a 55.8% chance of a Fed rate hike during its December meeting, but only a 2% chance of a change in the Fed's 1% to 1.25% target rate on Wednesday, investors are now focused on details regarding the central bank's plans to begin reducing its $4.1 trillion balance sheet and its economic projections for 2018.
BASF to acquire Solvay's global polyamide business
The deal will give BASF critical mass in its downstream polyamides business, Peter Spengler at DZ Bank said. The business would be integrated into BASF's Performance Materials and Monomers divisions.
"The increasingly positive market sentiment remains on track as the Federal Reserve begins its two- day meeting today".
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
"You just had that little momentum spurt after it went through 2,500 but it is kind of running out of steam and is going to bide its time until Wednesday, when they listen to Janet" said Ken Polcari, director of the NYSE floor division at O'Neil Securities in NY.
Shares of Amazon.com were down 1.3 per cent. Amazon Web Services said it will start charging its customers by the second for use of its popular EC2 virtual slices of servers in its data centres, according to a CNBC report.
Microsoft shares ended down 0.2% while Alphabet was off 0.6%, with both stocks seeing a pickup in volume late in the day.
Meanwhile, oil prices retreated from a five-month high on Monday as investors took profits after West Texas Intermediate oil recorded weekly gains of 5% on optimism over the outlook for global supply and demand.
U.S. crude futures rose 2 cents to settle at US$49.91, while Brent crude futures fell 14 cents to US$55.48.
India are most likely to begin their tour to South Africa with the New Year's Test on January 5 or 6 next year in Cape Town . All this commotion has even led to rumours stating that the India Test series may be reduced to three matches.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tricadia Capital Management LLC increased its stake in Scorpio Tankers by 5.3% during the 2nd quarter.
Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Targa Resources, Inc. A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRGP .
But Ariel Winter's latest latex outfit has us totally reconsidering rubber, because she makes it look surprisingly wearable. Ariel walked the carpet with her boyfriend Levi Meaden , who looked smart in a pretty standard black suit.
Quoi qu'il en soit, ne vous attendez pas à ce que Apple affiche une musique FLAC sur son Apple Music ou iTunes Store. En tout état de cause, pour le moment les lecteurs musicaux d'Apple ne lisent pas les fichiers FLAC nativement.
The basic materials company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.07). Digging a bit further, company shares have been noted -44.14% off the 52 week high and 25.11% away from the 52 week low.
The song titled " Terryfold " is not a serious tune and includes lyrics about "foldy flaps", but fans apparently love it. In other Rick and Morty music news, please take a moment and soak in the handsome MF DOOM-inspired work of art below.
L'audience de consignation aura lieu le mardi 19 septembre 2017 à 14 heures au Tribunal correctionnel de Lyon. Le Cardinal et les 6 autres personnes mises en cause ne devraient donc pas être présents .
Politics centre stage as 'Handmaid's Tale' sweeps Emmys
Moss began her acceptance speech with a profanity, and kept delivering them before being played off abruptly by the orchestra. John Lithgow took home the award for outstanding supporting actor in a drama series for Netflix's " The Crown ".
Featured Stock Overview: Cisco Systems, Inc. (CSCO)
Bluecrest Capital Management Ltd increased Nexstar Broadcasting Group I (NXST) stake by 188.46% reported in 2016Q4 SEC filing. In related news, CEO Charles Robbins sold 121,390 shares of the firm's stock in a transaction on Wednesday, September 13th.
Aston Martin to be Red Bull title sponsor
After a successful run at this year's 24 Hours of Le Mans , Aston Martin is looking to further its involvement in motorsport. Sign up here to receive the latest round-up of Wheels news, reviews and video highlights straight to your inbox each week .