Inventories rise ahead of Powell; UnitedHealth heads Dow Jones

Shares opened higher on Wednesday, helped by good earnings news, while third-quarter GDP remained steady and the stock market is awaiting Fed Chairman Jerome Powell's lunchtime speech.


Technology stocks received a boost (CRM) surged on earnings, as (AMZN) marked a strong movement at the beginning and as Macom Technology (MTSI) is leading the strength of smart products before commercialization. Financial results also left retailers highly divided, however Tiffany and company. (TIF) and Chico (CHS) had difficulty in the beginning, while Burlington Stores (BURL) and Dick's Sporting Goods (DKS) is posting strong gains.

Nasdaq Composite opened up 0.7% as FANG shares were well positioned, flea shares were generally positive and Apple (AAPL) shares seized an early gain.

The Dow Jones Industrial Average started up 0.6%. UnitedHealth Group (UNH) and Boeing (BA) rose more than 2% and Apple's shares rose more than 1% after a positive rating from the analyst.

The S & P 500 is down with a gain of 0.4%. and Alaska Air Group (ALK) recorded the largest gains in the index. Tiffany has fallen sharply among S & P 500 stocks after a mixed earnings report.

Q3 GDP unchanged, Powell speech, G20 meeting

The Nasdaq, the S & P 500 and the Dow Jones Industrial Average all posted strong gains on Monday, followed by weaker growth on Tuesday. The markets seem to be settled shortly before the G20 conference which is scheduled to open in Argentina on Friday. The declines seen since early October show that the market is generally targeting a negative outcome, with the presidents of the United States and China at their last scheduled meeting before US tariffs on China are expected to increase early in 2019. .

The Commerce Department maintained its GDP growth estimate for the third quarter at 3.5% and the growth of its price index remained unchanged at 1.7%. Increases in consumer spending fell 3.6%, compared to an initial rise estimated at 3.7%.

Today, the stock market continues to listen to Powell 's speech on the Federal Reserve' s Financial Stability Monitoring Framework delivered to the Economic Club of New York at 12 noon today. AND. The speech came a day after President Trump had been much criticized by his Fed chief, as well as the Federal Reserve's strategy of continuing to tighten the money supply.

Stock Futures: Boeing, Apple, Amazon Climb, Salesforce Spikes

Boeing shares jumped 2.8% as the stock seemed to add a third day ahead of the week. A drop of 11 sessions left stocks down 18% from a high on October 3rd. The actions seek to put up the good side of a possible seven week baseline scenario.

Apple gained 1.4% after a Wedbush report presented a bullish thesis for the iPhone maker. The note said that the recent sale of the title had been hard to bear, but had left the valuation on a positive ground, compared to the "installed fleet of more than 750 million active iPhone through future upgrades and a $ 50 billion revenue stream of services ". An eight-week drop left Apple's stock 25% lower than its October peak.

Amazon climbed 1.7%, the first figures suggesting that the company was recording its biggest selling day so far, at the Cyber ​​Monday sale of the holiday season. Adobe Analytics announced that Cyber ​​Monday's total sales were $ 7.9 billion, up 20% from the previous year. Amazon stocks are climbing after the trough of November 20, but remain down nearly 22% from the September high.

The Salesforce stock climbed more than 5% early in the session. Wedbush raised the stock price target from 166 to 166, after the third quarter results exceeded expectations. The initial gain is just above the 200-day moving average of the stock, reducing earnings to fall short of what appears to be a level of resistance.

Burlington Stores climbed 7% after a third straight quarter of earnings acceleration. EPS jumped 73% and sales increased 14%. The shares found their way into the 40-week moving average, after the failure of an escape attempt.

Dick's sporting goods were up 1.5%, as a result of a stronger-than-expected decline in third-quarter revenue. Shares ended Tuesday at 10% below a 39.84 point purchase on a two-month cut basis.

Tiffany & Co. has plunged more than 9% in the open air. The Blue Box jeweler has delivered results in line with expectations, while revenue growth has not exceeded expectations and earnings guidance for the current year was below the consensus target. The Tiffany stock ended Tuesday 26% below its July peak.

Chinese stock market sparks commercial hope

Asian stock markets advanced, helped by positive comments from Larry Kudlow, economic adviser to the White House on Tuesday night. Kudlow said a meeting between President Trump and Chinese President Xi Jinping, scheduled for Saturday at the G20 meeting in Argentina, could produce a "breakthrough" in the tussle of the US trade war with China . China, however, will have to be more flexible on key negotiating points, Kudlow said.

Earlier on Tuesday, Trump had reiterated that the United States was ready to raise tariffs on goods imported from China worth $ 200 billion a year to 25%, instead of 10%, the January 1st.

China's Shanghai Composite surged 1.1% on Tuesday. The Hang Seng Hong Kong index jumped 1.3%. Hang Seng closed for the third time in a row above its 10-week moving average – its longest stay above this level of support since June. In Japan, Tokyo's Nikkei 225 rose 1%.

Asia's optimism has not translated into Europe, even though stock markets have regained strength in afternoon trading. The CAC-40 in Paris is at the top of the region, up 0.5%. The London FTSE 100 fell behind, but canceled its initial losses to 0.1%.

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