Markets Right Now: Stocks end mostly higher; Boeing falls
15 March, 2019, 07:53 | Author: Mary Valdez
However the blue-chip Dow pared losses, and all three indexes ended Monday higher boosted by a rally in tech stocks led by Apple Inc.
The benchmark S&P 500 index gained 8.22 points, or 0.3 percent, to 2,791.52.
"The Dow Jones Industrial Average is a price-weighted average, and it just so happens that Boeing is its highest-priced component, which means it is going to have some outsized influence on its performance", he wrote.
"Boeing without any question is going to be the theme for the Dow index, given its enormous weighting, but I don't see a spillover to any other indexes except airlines", said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.
Stocks are opening mostly higher on Wall Street, led by gains in health care and technology companies. Welcome to the odd world of how the stock market keeps count.
Facebook struggles to deal with epic outage
The blackout lasted more than 12 hours for some people, with users in North America and Europe being the most affected. As of Thursday morning, the only good news for Facebook is that plunging stock price appeared to have found a floor.
The big USA manufacturer slipped for a second day as the fallout from a second deadly crash in recent months involving its 737 Max 8 aircraft spread further.
Technology stocks were among the biggest gainers, with Apple (NASDAQ:) up 2.2%, Facebook (NASDAQ:) gaining 2.5% and Amazon.com (NASDAQ:) rising 1.1%. Analysts at Bank of America said in a note that the company's recent pullback presents "opportunity".
The Nasdaq is up 922.79 points, or 13.9 percent. BoA also raised its 12-month price target to $210 per share from $180. Kelley also hiked his price target to $215 per share from $172. Better-than-expected USA retail sales and business inventories data, which helped provide a boost to US benchmark stock indexes, also put pressure on haven gold in Monday dealings. Both stocks soared on the news, lifting the NASDAQ Composite, with Nvidia rising more than 6.97 percent while Mellanox jumped 7.78 percent. Stocks were helped by a USA government report showing retail sales rose slightly in January. Australia's S&P/ASX 200 lost 0.5 percent to 6,141.30.
Dick's Sporting Goods' plunged 11 percent after the company reported a slide in sales during the fourth quarter and a weak forecast.
Further details revealed the drop in December was the biggest since September 2009 when the economy was emerging from recession. CPI excluding the volatile categories of food and energy - considered by many to be a strong indicator of underlying inflation - rose 2.1% year-over-year, slower than the 2.2% pace anticipated. February's retail sales report, which was scheduled for publication on Thursday, will be released on April 1.
He didn't break the bank in free agency , but he was able to find himself a long-term deal with guarantees. "Certainly has a lot of interest", Rapoport said of Tate during a Thursday appearance on NFL Network.
The Max mock-up is the newest version of Boeing's workhorse 737 models, the world's most popular commercial aircraft. Nine British passengers are among the 157 people killed when a plane crashed in Ethiopia on Sunday.
The plan would also aim to curtail mergers between companies like Facebook's acquisition of Instagram and WhatsApp. Facebook pledged to give people the ability to appeal decisions on reports filed on other people's content.
Initial reports indicated that the Iron Dome missile defense system was launched to intercept one of the incoming rockets. The Israeli military is reporting air-raid sirens in southern Israel, signaling new rocket fire out of the Gaza Strip.
Celebrity, Kim Kardashian-West, has promised to pay five years of rent for former Tennessee inmate, Matthew Charles . Charles took to social media and expressed his gratitude towards Kim Kardashian after he came to know about the news.
The Boeing 737 Max 8 was involved in a fatal Ethiopian Airlines crash this past weekend, which killed all 157 people on board. Since the jets were grounded, North American carriers have been wrestling with customer calls and flight cancellations.
Dustin Johnson is one of the frontrunners at The Players Championship , but Tiger Woods hopes to be back in contention. Thomas took a step back at the Honda Classic two weeks ago, recording a 30th-place finish.
You're in luck-California Pizza Kitchen will offer slices of its Key Lime Pie for (spoiler alert:) $3.14 (pre-tax) on Thursday. You can get wings, onion rings, sweet potato fries, avocado fries and more to accompany your pizza.
After Samsung released the Galaxy S10 Android 9 kernel on its open source center, developer Mishaal Rehman got around digging. Some of the features of the Galaxy S10 include Samsung's best screen yet, the world's first Dynamic AMOLED display.
Tesla Model Y electric crossover unveiled
Suppliers were originally told that production would start on the vehicle in November 2019, sources told Reuters a year ago . It wasn't until last month that Tesla announced it would take orders for the $35,000 version, which has a shorter range.
Beto O'Rourke plans to run for president
The 46-year-old Democrat was the US Senate nominee but narrowly lost to Republican rival Senator Ted Cruz in 2018. O'Rourke confirmed his plan to formally announce his candidacy on Thursday morning to El Paso NBC affiliate KTSM.
Israel shuts Jerusalem holy site after unrest
A fire rages in a police post on Jerusalem's Temple Mount after a Molotov cocktail was thrown at it on March 12, 2019. However, in February Palestinians opened the areas, breaking Israeli locks on an outer metal door that leads to them.