[ad_1]
© Reuters. Investing.com – Stocks have risen for the fourth day over the past five years, investors have been encouraged by Boeing's hope of restarting its 737 Max jet and by gains made in stocks technological and retail.
The gain of 0.8%, with the increase of 0.9%. The gained 0.9%.
The market is smartly opening upward with the Dow up to 306 points, and then lost some momentum after the July Federal Reserve meeting suggesting that its rate cut was a recalibration of the current policy and not the sign of a significant reduction in rates.
With today 's rally, the S & P 500 and the Dow are up 2.8% after beating Aug. 14. The Dow lost 800 points that day. Nasdaq is up 3%.
Boeing (NYSE 🙂 recorded a gain of 2.5%, adding 56 points to the Dow's rise. Twenty-nine of Dow's 30 stocks rose, with Walmart (NYSE 🙂 finishing with a small loss of 0.04%. Nike (NYSE 🙂 was the Dow leader, up 2.8%, followed by Boeing and Cisco Systems (NASDAQ :), up 1.75%.
Boeing, Apple (NASDAQ :), up 1.1%, and Home Depot (NYSE :), up 1.6%, combined to produce 94 points on a Dow gain of 240 points.
Boeing (NYSE 🙂 announced Tuesday that it would hire several hundred temporary employees at its Moses Lake site to work on the 737 Max's immobilized fleet and prepare the aircraft for a return to service once the regulators will have given them permission to fly again. Boeing hopes this approval will come early in the fourth quarter.
New software must be installed on aircraft, as well as extensive checks and maintenance operations after several months of interruption. It could be next year before all the failed planes fly again.
Retailers were up sharply, especially Target (NYSE 🙂 and Lowe's (NYSE 🙂 after the second quarter results were better than expected).
Target jumped 20.4%, its biggest gain in a day, after reporting that store and online sales were producing solid results. The company has raised its forecasts for the whole year. Lowe's, up 10%, also easily beat estimates, despite falling lumber prices.
After the normal closing hours, profits from high-end retailer Nordstrom (NYSE 🙂 applauded investors, which pushed stocks up 15% after a 5.5% increase in ordinary transactions. Nordstrom said its digital sales grew 4% in the quarter, offsetting a 5% decline in its traditional stores. A profit of 90 cents per share exceeded the estimate of Investing.com analysts polled by 76 cents.
Oil prices were mixed. fell 45 cents to $ 55.68 a barrel. , world benchmark, rose 27 cents to $ 60.30.
futures were stable at $ 1,515.70 an ounce. Interest rates have risen, as equity investors' demand has reduced bond money.
The Treasury yield reached 1.581% against 1.559% Tuesday. But the yield curve between 10 years and the reverse was reversed briefly after the minutes of the Fed. The gap was 1.68 basis points at the close, versus 4.3 basis points on Tuesday.
Winners and losers of
Target (NYSE :), Lowe's Companies (NYSE :), Alliance Data Systems (NYSE :), which develops online merchandising programs for businesses, and Nordstrom (NYSE 🙂 were among the top performers on the S & P 500 on Wednesday.
Aflac Insurance Company (NYSE :), Amcor Packaging Company (NYSE :), General Electric (NYSE 🙂 and oil services company Halliburton Company (NYSE 🙂 were among the weakest in the S & P 500.
[ad_2]
Source link