S&P, Nasdaq futures extend gains after inflation data

15 March, 2019, 00:43 | Author: Eric Barnett
  • Boeing Shares Plunge After Ethiopian Airlines Crash

The world's largest planemaker fell as much as 13.4 percent on Monday and weighed on the Dow Jones index although it pared losses towards the end of the session.

At 10.56am ET the Dow Jones Industrial Average was down 18.67 points, or 0.07%, at 25,632.21, the S&P 500 was up 12.29 points, or 0.44%, at 2,795.59 and the Nasdaq Composite was up 36.20 points, or 0.48%, at 7,594.27. Overnight, gains in tech stocks drove benchmark S&P 500 to its biggest daily gain since January.

Stocks are opening broadly higher on Wall Street, although a sharp drop in Boeing is pushing the Dow Jones Industrial Average lower.

USA stocks jumped on Monday as the technology sector led a broad-based rebound following five straight sessions of losses, but a fall in Boeing's shares limited the Dow's advance after a deadly airline crash in Ethiopia. More than a dozen airlines as well as the governments of China, Indonesia, Australia and Singapore have grounded the aircraft.

"The markets are reflecting a more favorable interpretation of the shift in central bank policies", he said.

Traders bid up shares in Stitch Fix after the personal styling service blew past analyst's expectations for the fourth-quarter. The broader industrial sector was down 0.77 percent and the only major S&P sector in the red.

Dick's Sporting Goods' plunged 11 percent after the company reported a slide in sales during the fourth quarter and a weak forecast. Additionally, sales in January increased 2.3 percent from a year ago.

Marijuana stocks rose after New Jersey Gov. Phil Murphy and legislative leaders said they've agreed on legislation to legalize recreational marijuana for adults.

Google's parent company Alphabet rose 2.2 percent and Botox maker Allergan rose 2.1 percent.

CURRENCY: The dollar gained to 111.26 yen from Monday's 111.21 yen. The euro rose to $1.1297 from $1.1240.

Google's parent company Alphabet rose 2.2 per cent and Botox maker Allergan rose 2.1 per cent. The Nasdaq rose 39 points, or 0.5 percent, to 7,579.

But once again, the DOW lagged behind, being pulled lower by Boeing (BA).

The S&P and Nasdaq futures edged higher on Monday after inflation data showed US consumer prices in February rose for the first time in four months, but Boeing's fall for a second straight session pressured the Dow futures.

Global stocks turned lower Tuesday and the British pound dropped as expectations grew that British lawmakers would reject a plan to leave the European Union.

Crude oil futures settled higher for a second straight session on Tuesday, 12 March 2019 giving up an earlier move toward 2019 highs.



VW brand to slash workforce by 7,000
Volkswagen has set a goal to cut the Carbon dioxide footprint of its vehicle fleet by 30 percent by 2025. Back in 2016, VW had launched the last major savings program that will run until the end of next year.

16-Year-Old Climate Activist Greta Thunberg Nominated For Nobel Peace Prize
I think that change is on the horizon and the people will stand up for their future, Thunberg said in an interview with the Guardian .

The Avengers gear up in new suits in 'Avengers: Endgame' trailer
Ant-Man doing his ant thing, and Hawkeye has a wild new haircut! Will Tony Stark make it back to Earth in time? "I fought my way out of that cave".

President Trump proposes a 2020 budget big on spending cuts
The cost-saving covers some of the mandatory programs such as Medicaid, Medicare, and programs on federal health care. The Trump administration predicts a savings of $130 billion over the next decade if Congress enacts the proposal.

New MLB Deal To Include $1M HR Derby Bonus, Single Trade Deadline
For local broadcasts, the inning break will be cut by 5 seconds, while breaks in national games will be trimmed by 25 seconds. Teams must designate before each game whether a player will be used as a pitcher or position player before each game.

Justin Bieber asks fans for prayers amid depressive episode
Justin Bieber is asking fans for prayers after going through a hard time. Justin Bieber is apparently going through a rough patch. The caption read in part, "been struggling a lot".

Messi Hails Ronaldo's 'Magical' Night Against Atletico
The last-16 tie between Barca and Lyon was evenly poised following last month's goalless draw in France. He's a genius and can do things that nobody else can.

Ontario to ban cellphones from classrooms during instructional time
About 97 per cent of respondents favoured some sort of restriction on phones in class, the sources said. The ban takes effect in the new school year beginning this September.

May still hopes for changes to Brexit deal
Two months ago, the House of Commons rejected the withdrawal agreement by a huge majority, and sent May back to renegotiate. She survived a bid to oust her through a no-confidence vote in December, so can't be forced from office for a year.

Release bid fails for Vietnamese woman in Kim Jong Nam murder
Vietnamese ambassador to Malaysia , Le Quy Quynh, told AFP at the court: "I'm very disappointed that the court did not free Doan". He also sought a deferment of the trial, saying Huong has been unwell since Aisyah's release and is not in a position to testify.